
Qatari and Saudi companies explore investment opportunities in Sirte Free Zone
The visiting delegation held an extensive meeting with the departments of the free zone, during which the management team gave a detailed presentation on the competitive advantages of the zone, and the most prominent strategic projects under implementation, foremost of which is the SSS international road project. The region's distinctive geographical location in central Libya was also highlighted, making it an ideal transit point to African and international markets.
The visit also included a field tour to the port of Sirte, during which the delegation was briefed on the ongoing development stages, where they listened to an explanation from the region's engineers on the completion rates and future work plans.
Sirt Free Zone said the visit reflects the growing interest of regional and international companies in the promising opportunities offered by Sirte Free Zone, as part of a broader trend to strengthen international partnership and stimulate the national economy by attracting quality and sustainable investments.
.
Sirte Free Zone discusses port development and infrastructure projects with China Harbor Engineering Company
Sirte Free Zone Port receives first ship after a hiatus of more than 10-years
Sirte Free Zone discusses 'Smart Port' project with China's Huawei
Sirte Free Zone meets Oman Chamber of Commerce at Oman Agrofood 2024
Sirte Commercial Port Free Zone launched by National Development Agency
Egyptian dredger arrives in Sirte – starts dredging work in various marine projects Tags: investment investmentsQatar QatariSaudiSirte free zone
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Spectator
2 days ago
- Spectator
Trump hasn't won the trade war
Maybe Trump doesn't always chicken out after all. Rapid trade deals with the UK, Japan, the EU and others in recent weeks may have given the impression that the trade war was essentially over. Today, though, comes Trump's Ardennes offensive, with immediate tariffs of 35 per cent announced for Canada. Other countries have been given a week to prepare for steep increases: India will be subject to 25 per cent tariffs, Taiwan 20 per cent and Switzerland – far from neutral in this particular conflict – 39 per cent. According to Trump, Canada has been singled out for harsh treatment because it has failed to cooperate on the flow of fentanyl across the border. Trump also hinted that he was punishing Canada for recognising Palestine, but then he has just done a trade deal with the EU in spite of France taking the same action, and didn't make any trade threats to Britain in spite of Keir Starmer saying this week that the UK will recognise Palestine in September if Israel does not meet certain conditions. It seems rather more likely that Trump is saying: look, other countries have yielded and agreed to one-sided trade deals with the US – I'm going to carry on beating you about the head until you agree to do the same. But will they? So far, the countries which have agreed to Trump's rather rough and ready trade deals have acted as if the benefits of a trading relationship with the US are one-way – they have more to lose than the US if a deal cannot be struck. But of course that is not always true. Taiwan, for example, produces over 90 per cent of the world's high-end microchips, which are implanted in just about every device manufactured in the US. What benefit does it bring America if those chips are in future taxed at 20 per cent? There is a strange dislocation in attitudes towards Trump's tariffs. Those who insist he has a very clever strategy and is winning tend also to be people who, in any other context, are in favour of low taxes. But a tariff is just a tax like any other – it adds costs to business and so suppresses economic activity. If tariffs are set at modest levels, it may be worth putting up with tariffs' depressing effect in return for the revenue they raise. Raise them above a certain level, however, and revenue will start to decline as business activity is discouraged – the classic Laffer effect. US growth may have proved more resilient than many feared it would be after Liberation Day, but it is certain that tariffs on raw materials and components are a negative influence on US manufacturing industry. A country does not 'win' by taxing its imports more than other countries tax its exports – if it did, the US would be one of the poorest countries in the world while many African countries would be startlingly rich. The US has done brilliantly well out of a regime of low import tariffs – as has Singapore, one of the few countries which, prior to Liberation Day, imposed even lower tariffs than did the US. But even if you do think that imposing higher tariffs than your trading partners amounts to 'victory', it is far from clear that Trump will emerge the eventual winner. Some countries may have yielded to him, but others are clearly holding out, and may well make the calculation that the US has more to lose from a trade war than they do. This war has a long way to run yet.

Rhyl Journal
2 days ago
- Rhyl Journal
Trump signs order imposing new tariffs on a number of trading partners
The move is the next step in his trade agenda that will test the global economy and sturdiness of American alliances built up over decades. The order was issued shortly after 7pm on Thursday. It came after a flurry of tariff-related activity in the last several days, as the White House announced agreements with various nations and blocs ahead of the president's self-imposed Friday deadline. The tariffs are being implemented at a later date in order for the rates schedule to be harmonised, according to a senior administration official who spoke to reporters on a call on the condition of anonymity. After initially threatening the African nation of Lesotho with a 50% tariff, the country's goods will now be taxed at 15%. Taiwan will have tariffs set at 20%, Pakistan at 19% and Israel, Iceland, Norway, Fiji, Ghana, Guyana and Ecuador among the countries with imported goods taxed at 15%. Switzerland would be tariffed at 39%. Mr Trump had announced a 50% tariff on goods from Brazil, but the order was only 10% as the other 40% were part of a separate measure approved on Wednesday. The order capped off a hectic Thursday as nations sought to continue negotiating with Mr Trump. It set the rates for 68 countries and the 27-member European Union, with a baseline 10% rate to be charged on countries not listed in the order. The senior administration official said the rates were based on trade imbalance with the US and regional economic profiles. On Thursday morning, Mr Trump engaged in a phone conversation with Mexican president Claudia Sheinbaum on trade. As a result of the conversation, the US president said he would enter into a 90-day negotiating period with Mexico, one of the nation's largest trading partners. The current 25% tariff rates are staying in place, down from the 30% he had threatened earlier. 'We avoided the tariff increase announced for tomorrow and we got 90 days to build a long-term agreement through dialogue,' Ms Sheinbaum wrote on X after a call with Mr Trump that he referred to as 'very successful' in terms of the leaders getting to know each other better. The unknowns created a sense of drama that has defined Mr Trump's rollout of tariffs over several months. However, the one consistency is his desire to levy the import taxes that most economists say will ultimately be borne to some degree by US consumers and businesses. 'We have made a few deals today that are excellent deals for the country,' Mr Trump told reporters on Thursday afternoon, without detailing the terms of those agreements or the nations involved. The senior administration official declined to reveal the nations that have new deals during the call with reporters. Mr Trump said that Canadian prime minister Mark Carney had called ahead of 35% tariffs being imposed on many of his nation's goods, but 'we haven't spoken to Canada today'. Mr Trump separately on Thursday amended a previous order to raise the fentanyl-related tariff on Canada from 25% to 35%. My statement on Canada-U.S. trade: — Mark Carney (@MarkJCarney) August 1, 2025 Mr Trump had imposed the Friday deadline after his previous 'Liberation Day' tariffs in April resulted in a stock market panic. His unusually high tariff rates, unveiled in April, led to recession fears — prompting Mr Trump to impose a 90-day negotiating period. When he was unable to create enough trade deals with other countries, he extended the timeline and sent out letters to world leaders that simply listed rates, prompting a slew of hasty deals. Mr Trump reached a deal with South Korea on Wednesday, and earlier with the European Union, Japan, Indonesia and the Philippines. His commerce secretary, Howard Lutnick, said on Fox News Channel's Hannity that there were agreements with Cambodia and Thailand after they had agreed to a ceasefire to their border conflict. Going into Thursday, wealthy Switzerland and Norway were still uncertain about their tariff rates. EU officials were waiting to complete a crucial document outlining how the framework to tax imported cars and other goods from the 27-member state bloc would operate. Mr Trump had announced a deal on Sunday while he was in Scotland. Mr Trump said as part of the agreement with Mexico that goods imported into the US would continue to face a 25% tariff that he has ostensibly linked to fentanyl trafficking. He said cars would face a 25% tariff, while copper, aluminium and steel would be taxed at 50% during the negotiating period.


Powys County Times
2 days ago
- Powys County Times
Trump signs order imposing new tariffs on a number of trading partners
President Donald Trump has signed an executive order that sets new tariffs on a wide swath of US trading partners to go into effect on August 7. The move is the next step in his trade agenda that will test the global economy and sturdiness of American alliances built up over decades. The order was issued shortly after 7pm on Thursday. It came after a flurry of tariff-related activity in the last several days, as the White House announced agreements with various nations and blocs ahead of the president's self-imposed Friday deadline. The tariffs are being implemented at a later date in order for the rates schedule to be harmonised, according to a senior administration official who spoke to reporters on a call on the condition of anonymity. After initially threatening the African nation of Lesotho with a 50% tariff, the country's goods will now be taxed at 15%. Taiwan will have tariffs set at 20%, Pakistan at 19% and Israel, Iceland, Norway, Fiji, Ghana, Guyana and Ecuador among the countries with imported goods taxed at 15%. Switzerland would be tariffed at 39%. Mr Trump had announced a 50% tariff on goods from Brazil, but the order was only 10% as the other 40% were part of a separate measure approved on Wednesday. The order capped off a hectic Thursday as nations sought to continue negotiating with Mr Trump. It set the rates for 68 countries and the 27-member European Union, with a baseline 10% rate to be charged on countries not listed in the order. The senior administration official said the rates were based on trade imbalance with the US and regional economic profiles. On Thursday morning, Mr Trump engaged in a phone conversation with Mexican president Claudia Sheinbaum on trade. As a result of the conversation, the US president said he would enter into a 90-day negotiating period with Mexico, one of the nation's largest trading partners. The current 25% tariff rates are staying in place, down from the 30% he had threatened earlier. 'We avoided the tariff increase announced for tomorrow and we got 90 days to build a long-term agreement through dialogue,' Ms Sheinbaum wrote on X after a call with Mr Trump that he referred to as 'very successful' in terms of the leaders getting to know each other better. The unknowns created a sense of drama that has defined Mr Trump's rollout of tariffs over several months. However, the one consistency is his desire to levy the import taxes that most economists say will ultimately be borne to some degree by US consumers and businesses. 'We have made a few deals today that are excellent deals for the country,' Mr Trump told reporters on Thursday afternoon, without detailing the terms of those agreements or the nations involved. The senior administration official declined to reveal the nations that have new deals during the call with reporters. Mr Trump said that Canadian prime minister Mark Carney had called ahead of 35% tariffs being imposed on many of his nation's goods, but 'we haven't spoken to Canada today'. Mr Trump separately on Thursday amended a previous order to raise the fentanyl-related tariff on Canada from 25% to 35%. My statement on Canada-U.S. trade: — Mark Carney (@MarkJCarney) August 1, 2025 Mr Trump had imposed the Friday deadline after his previous 'Liberation Day' tariffs in April resulted in a stock market panic. His unusually high tariff rates, unveiled in April, led to recession fears — prompting Mr Trump to impose a 90-day negotiating period. When he was unable to create enough trade deals with other countries, he extended the timeline and sent out letters to world leaders that simply listed rates, prompting a slew of hasty deals. Mr Trump reached a deal with South Korea on Wednesday, and earlier with the European Union, Japan, Indonesia and the Philippines. His commerce secretary, Howard Lutnick, said on Fox News Channel's Hannity that there were agreements with Cambodia and Thailand after they had agreed to a ceasefire to their border conflict. Going into Thursday, wealthy Switzerland and Norway were still uncertain about their tariff rates. EU officials were waiting to complete a crucial document outlining how the framework to tax imported cars and other goods from the 27-member state bloc would operate. Mr Trump had announced a deal on Sunday while he was in Scotland. Mr Trump said as part of the agreement with Mexico that goods imported into the US would continue to face a 25% tariff that he has ostensibly linked to fentanyl trafficking. He said cars would face a 25% tariff, while copper, aluminium and steel would be taxed at 50% during the negotiating period.