Egyptian-Saudi Trade Committee to hold a meeting mid-May
Foreign Minister Sameh Shoukry and Chinese Foreign Minister Wang Yi agreed on new channels of cooperation under the “One Belt, One Road” initiative, China’s CCTV reports. They met on the sidelines of the first Ancient Civilizations Forum in Athens, where Shoukry stressed Egypt’s role in fighting terrorism throughout history during his speech on Monday, Ahram Online reports. The forum aims to increase cooperation between 10 countries with ancient civilizations, namely Egypt, China, India, Italy, Iran, Iraq, Greece, Mexico, Bolivia, and Peru, according to the Associated Press.
The Egyptian-Saudi Trade Committee is set to meet in Riyadh mid-next month to discuss boosting trade and investment between the two countries, Trade and Industry Minister Tarek Kabil said on Monday, Al Borsa reports.
Commercial agreements worth USD 450 mn were signed during the Food Africa expo that took place earlier this week, the exhibition’s executive director Dalia Kabil said, Al Borsa reports. About USD 250 mn of that figure are export sales for Egyptian companies, with the balance being Egyptian purchases of production lines and equipment from foreign suppliers.