UAE, Israel sign trade agreement to raise commerce beyond $10bn in 5 years
The agreement was signed between the UAE’s Minister of Economy Abdulla Bin Touq and Israel’s Minister of Economy and Industry Orna Barbivai, Emirates News Agency (WAM).
Latest in Tag: commerce Highlight
Latest in Tag: commerce
Apprenticeships go begging in Germany
A third of German businesses are unable to fill all trainee positions available. One reason is that more young Germans are going to university rather than take up apprenticeships after finishing high school.
US economy slows to weakest pace in a year
The US Commerce Department has revised up first-quarter GDP growth for the world’s largest economy.
US retail sales up, manufacturing down
Ahead of the Federal Reserve meeting on Thursday, the US economy is sending mixed signals. But despite the disappointing factory output data, analysts believe the news isn’t all that bad. Americans stepped up their spending on cars, restaurant meals, groceries and clothing in August, suggesting strong domestic demand that could persuade a cautious Federal Reserve …
Emirati company Al-Sweiden to invest over EGP 40bn in Egypt
Emirati firm will construct commercial and shopping area over 4.2m square metres
Jumia signed six international fashion brands, introduced own brand: CEO
Growing e-commerce website has 2 million visits per month, ships 2,000 items per day
Abd al-Nur announces that industrial lands not to be included in bids and tenders law
Abdel Nour added that Egypt’s government had recently entered into negotiations to pay back the debt held by the Egyptian General Petroleum Corporation (EGPC) to mining companies, estimated to total $5.5bn, in order to provide incentive for international companies to increase their production within the country.
Investment minister: New chart for Egyptian investment to be launched soon
A new catalogue of investment opportunities across different sectors will be made available in the coming months
Canadian-Qatari business cooperation in Egypt
The agreement seeks to strengthen the economic ties between the three countries
New initiative to maximise benefits of international trade agreements
By Inaam El Adawy The Federation of the Chambers of Commerce (FEDCOC) has adopted an initiative to review the trade agreements signed with Egypt in previous years. The initiative is aimed at seeking methods to derive optimal benefit from the agreements. “We are currently studying the free trade agreements between Egypt and other states, to …
Petroleum Ministry raises diesel quota for electricity stations
Fears of supply shortages arise as Petroleum minister decides to channel more diesel to power stations
Consumer Protection Authority warns merchants against raising bottled-water prices
By Mohamed Abdel Monsef The Director of the Consumer Protection Authority (CPA), General Atef Yaqub, said that the CPA held a meeting with representatives of the Federation of Egyptian Chambers of Commerce (FEDCOC) regarding the shortage of bottled water in the market. The representatives vowed to issue an official nationwide memo obligating retailers to honour …
Steel price to be fixed in August to EGP 4,450 per tonne
Since the beginning of this month, international prices for steel have not changed. Prices stabilised at $615 per tonne of steel and $580 per tonne of billet.