Back to the complete issue
Wednesday, 26 April 2017

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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.