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Sunday, 24 September 2017

Egypt to oversee transition to the new unity gov’t in Gaza

Egypt plans to oversee the transition from Hamas rule in Gaza to the new reconciliation government taking over, Fatah said on Friday, according to Xinhua. An Egyptian delegation will monitor security and administrative aspects of the handover as well as the commitments from both sides towards implementing the framework agreed upon. Egypt has played a pivotal role in bringing the two factions together over the last few weeks.

Egypt’s exports from Qualifying Industrial Zones (QIZ) rose 6.7% year-on-year to USD 370 mn in 1H17, up from USD 346.5 mn, Al Borsa reports. More than 90% of QIZ exports are textiles and ready-made garments, according to head of the Trade Ministry’s QIZ unit Ashraf Rabie.

An Indonesian trade delegation arrived in Egypt on Thursday to discuss potential investments, particularly in the Suez Canal Economic Zone (SCZone), Youm7 reports..

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