Egypt's Suez Canal Economic Zone authorized to set up company to manage investments

STORY: Egypt's Suez Canal Economic Zone authorized to set up company to manage investments DATELINE: Aug. 4, 2023 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the Egyptian cabinet headquarters 2. various of Prime Minister Mostafa Madbouly speaking 3. various of the Sokhna port 4. various of factories within the Suez Canal Economic Zone 5. various of the Suez Canal Economic Zone under development STORYLINE: The Egyptian government on Thursday authorized the General Authority for Suez Canal Economic Zone (SCZone) to set up a joint-stock company called "SCZone Istithmar" to manage investments. According to a decision published by the official gazette, Egyptian Prime Minister Mostafa Madbouly has approved the move to establish the company, which is tasked with formulating strategic plans to manage the SCZone's current and future investments and set up joint development enterprises with the private sector. The company will also seek cooperation and establish partnersh

Cambodia's economy expected to grow 5.3 pct this year: central bank governor

STORY: Cambodia's economy expected to grow 5.3 pct this year: central bank governor DATELINE: July 22, 2022 LENGTH: 00:03:26 LOCATION: Phnom Penh CATEGORY: ECONOMY SHOTLIST: 1. various of National Bank of Cambodia (NBC) 2. various of street view in Cambodia 3. various of a container terminal STORYLINE: Cambodia's economy is projected to grow by 5.3 percent this year, up from 3 percent in 2021, Chea Chanto, governor of the National Bank of Cambodia (NBC), said on Thursday. "The growth will be supported mainly by a rise in manufacturing exports, an increase in construction and real estate as well as agriculture, and a gradual recovery of tourism," he said in a closing speech of the central bank's biannual meeting. The Southeast Asian country's economy traditionally relies on garment, footwear and travel goods exports, construction and real estate, agriculture and tourism. Ministry of Commerce's undersecretary of state and spokesman Penn Sovicheat said the Regional Comprehensive Economic Partnersh