China and India still keen on Egypt investment


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Far Eastern companies are clamouring to expand into Egypt despite recent turmoil engulfing the country.

The bullishness of Chinese and Indian firms contrasts with other companies re-evaluating their presence in Egypt.

Mass protests crippling the economy have dominated the headlines in recent weeks.

Yet, Asian tigers are focused on the rapidly growing population, proximity to Europe and wealth of raw materials that, they say, still make Egypt among the most attractive emerging markets in the long-term.

Jangho Group, a Chinese construction company, wants a share of the many infrastructure projects planned across the country.

"Egypt is the biggest market and has the biggest potential for construction," said company spokesman Brian Wu, based in the firm's regional headquarters in Abu Dhabi. "We do worry about the situation but in the future there will be big projects."

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Jangho, China's largest curtain wall contractor, has completed 25 projects in the Middle East. Now it is considering moving into Egypt.

The Indian conglomerate Essar Group has been reported to be interested in building a US$3 billion refinery in Egypt and buying a steel company  there but those talks are "on hold," said Sreehari Iyer, the company's  Dubai-based director of finance for the Middle East and Africa.

But he said the company is "definitely" interested in Egyptian projects in the near future.

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Fireball

Moscow claimed it hit the largest military fuel storage facility in Ukraine, triggering a huge fireball at the site.

A plume of black smoke rose from a fuel storage facility in the village of Kalynivka outside Kyiv on Friday after Russia said it had destroyed the military site with Kalibr cruise missiles.

"On the evening of March 24, Kalibr high-precision sea-based cruise missiles attacked a fuel base in the village of Kalynivka near Kyiv," the Russian defence ministry said in a statement.

Ukraine confirmed the strike, saying the village some 40 kilometres south-west of Kyiv was targeted.