logo
FM probes increasing bilateral trade volume with Mauritania

FM probes increasing bilateral trade volume with Mauritania

Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty had a meeting on Tuesday with Mauritania's Minister of Trade and Tourism Zainab bint Ahmednah, during which he stressed the importance of holding the Egyptian-Mauritanian Economic Forum annually.
Earlier today, Abdelatty participated in the opening session of the first edition of the Egyptian-Mauritanian Economic Forum, held in Nouakchott under the theme: 'Promoting trade and investment cooperation between both countries.'
During his meeting with the Mauritanian minister, Abdelatty underscored the need for joint efforts to increase the volume of bilateral trade.
He also shed light on some Egyptian businesses that could contribute to furthering bilateral cooperation in the trade, energy, infrastructure, and fishing industries, among others.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Egypt, U.S. Reaffirm Coordination on Gaza, Regional Stability
Egypt, U.S. Reaffirm Coordination on Gaza, Regional Stability

See - Sada Elbalad

time34 minutes ago

  • See - Sada Elbalad

Egypt, U.S. Reaffirm Coordination on Gaza, Regional Stability

Nada Mustafa Badr Abdelatty, Minister of Foreign Affairs and Emigration, received a phone call on the evening of Sunday, June 1st, from Mr. Steve Witkoff, U.S. President's Special Envoy for Middle East. The call came as part of ongoing consultations and coordination between Egypt and the United States regarding the situation in the Gaza Strip and the broader Middle East region. The two sides discussed the joint efforts undertaken by Egypt, the United States, and Qatar to reach a deal that ensures a ceasefire in Gaza, the release of hostages and a number of detainees, and full access for humanitarian aid. During the call, Abdelatty emphasized the critical importance of ending the current war and the Israeli aggression on Gaza, as well as enabling unrestricted humanitarian access to alleviate the suffering of the Palestinian people. The conversation also stressed the need to achieve a lasting resolution to the Israeli-Palestinian conflict, one that meets the aspirations of the peoples of the region and reflects the vision of President Trump for achieving comprehensive peace in the Middle East. For his part, Mr. Witkoff expressed his country's deep appreciation for Egypt's pivotal role and President Abdel Fattah El-Sisi's leadership in the ongoing mediation efforts aimed at securing a ceasefire, facilitating the release of hostages, and ensuring the delivery of humanitarian assistance. The call further touched on the progress of indirect negotiations between the United States and Iran concerning the Iranian nuclear program. Abdelatty listened to the U.S. envoy's assessment of the talks and reaffirmed Egypt's support for the U.S.-Iranian negotiations. He noted that they represent a vital opportunity to de-escalate tensions, promote calm, and prevent the region from descending into total chaos. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan

Egyptian Startups Secure $228 Million in First Five Months of 2025
Egyptian Startups Secure $228 Million in First Five Months of 2025

CairoScene

time5 hours ago

  • CairoScene

Egyptian Startups Secure $228 Million in First Five Months of 2025

Egyptian Startups Secure $228 Million in First Five Months of 2025 Egyptian startups have attracted $228 million in venture capital and debt financing from January to May 2025, according to a statement from the Ministerial Group for Entrepreneurship. The figures mark a 130% year-on-year increase in disclosed investment volume, reflecting continued growth in Egypt's startup ecosystem despite ongoing economic challenges. In total, 16 deals were recorded during the period, with 11 of them publicly disclosing investment amounts that collectively reached $156 million. In addition to equity investments, two notable debt financing deals were secured: proptech platform Nawy raised $23 million, while fintech firm MNT-Halan secured $49 million. The proptech sector led in terms of total investment volume, accounting for 33% of all capital raised, while fintech topped the charts in deal count, with five transactions comprising 32% of total investment value. H.E. Dr. Rania Al-Mashat, Egypt's Minister of Planning, Economic Development and International Cooperation and head of the Ministerial Group for Entrepreneurship, stated that the funding growth reflects continued momentum in Egypt's startup market. Dr. Al-Mashat attributed this progress to government-led efforts to improve the business climate and support private sector growth through targeted structural reforms. Dr. Al-Mashat confirmed that work is currently underway on a national Startup Charter, alongside a range of funding initiatives and financial incentives to promote investment, including tax benefits for startups with annual revenues under EGP 20 million. In addition to new funding, the local startup ecosystem saw a number of key acquisition deals. These included Dubizzle's acquisition of used car marketplace Hatla2ee, as well as the acquisition of digital payments platform Fatora by MaxAB-Wasoko. The Ministerial Group for Entrepreneurship was launched by the Egyptian government to coordinate startup policy across relevant ministries and to develop initiatives that foster an enabling ecosystem for entrepreneurship. As part of this mandate, the group aims to promote Egypt's visibility on the global startup map while supporting sustainable and inclusive economic growth.

Dollar Drops against Egyptian Pound to 49.63
Dollar Drops against Egyptian Pound to 49.63

See - Sada Elbalad

time6 hours ago

  • See - Sada Elbalad

Dollar Drops against Egyptian Pound to 49.63

Taarek Refaat The dollar exchange rate against the Egyptian pound witnessed new changes in trading on Sunday, according to the Central Bank of Egypt. The exchange rate continued to fluctuate between rises and falls in recent days, particularly after the CBE's recent decision to cut interest rates for the second time in a row, bringing the rate down by 3.25% since April 17. The dollar exchange rate declined in several banks on the first day after the weekend of Friday and Saturday. At the central bank, the dollar recorded approximately EGP 49.63 to buy and 49.76 to sell. On the other hand, the Central Bank of Egypt is scheduled to hold its fourth Monetary Policy Committee meeting of the year on July 10, to discuss interest rates based on several criteria, such as inflation, the strength of the Egyptian pound against other currencies, and other factors. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store