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The EU: a Million BAM for 250 new Jobs in BiH

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The European Union funded the Local Integrated Development” (LID) project, which is implemented by the United Nations Development Programme (UNDP) in Bosnia and Herzegovina: it has the aim of supporting technological development and implementation of new investments in small and medium industries. The granting of a loan of 1.6 million is aimed at increasing competitiveness, creating new jobs and widening the market. Ms. Genoveva Ruiz Calavera, Director for the Western Balkans at the Directorate-General for European Neighbourhood Policy and Enlargement Negotiations of the European Commission, said that this plan will allow internal authorities to improve the country’s living standards.


UNDP: more than 50,000 civilians were killed or injured by the war in Yemen

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During a press conference on Tuesday in Sana’a the United Nations Development Programme (UNDP) Resident Repesentative for Yemen McGoldrick said that two years of war destroyed the lives of millions of people and that seven million women, children and men could be victims of famine during this year. He added that more than 50,000 civilians were killed or injured or disabled by the war, and in particular 1450 children were killed, 2450 were injured and 1572 were recruited to fight. Moreover 50,000 people were displaced and 2 million people displaced across the country. In fine McGoldrick said that the Yemenis are victims of a conflict that has nothing to do with them and that the belligerent parties acted in a way to disregard their responsabilities.

UNDP top official of Egypt praised positive step to achieve sustainable development

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The Minister of Investment and International Cooperation Sahar Nasr held two meetings, one with Hussein Shobokshi, Saudi investor and chairman of Naeem Holding Company, and the other with the head of Majid Al Futtaim Egypt, Abdalla El-Nockrashy, to discuss increasing their investments in Egypt. Meetings had been fruitful, indeed,  Shobokshiaid his company got the approval of establishing the first real-estate fund in Egypt, and its first investment tranche is worth EGP 1bn. He also discussed with El-Nockrashy the ways of increasing his company’s investments in Egypt. The minister stated that she is consulting with international institutions in order to improve the investment atmosphere. Globally Egypt is becoming an Economical power, for its area but also further.

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