logo

OPEN// FM: Egypt keen on bolstering trade, investment coop. with North, Latin American countries

Middle East04-05-2025

CAIRO, May 3 (MENA) - Foreign, Emigration and Expatriates Affairs Minister Badr Abdelatty said luring foreign direct investments (FDIs) and boosting trade exchange is a key priority for the Egyptian government, especially in light of the promising cooperation opportunities across the two Americas.
Abdelatty was speaking during a meeting on Saturday with senior officials from the ministry's sector concerned with the two Americas to follow up on the latest developments in Egypt's relations with North and South American countries and monitoring the progress made in the activities undertaken by the ministry's various sectors.
The minister emphasized the importance of strengthening and expanding economic, trade and investment cooperation between Egypt and the countries of the two Americas, especially in the energy, manufacturing, healthcare, agriculture, tourism, ICT and AI industries.
He also highlighted the importance of stimulating inbound tourism from these countries and opening new markets for Egypt's tourist destinations.
During the meeting, Abdelatty was given a detailed account of the progress of bilateral relations with the countries of the two Americas and how to advance them at the economic, investment, political and technical levels to serve national interests. (MENA)
M A A/R G E

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Moon Hall Cairo Opens June 15 as Egypt's First Centre for Learning Difficulties
Moon Hall Cairo Opens June 15 as Egypt's First Centre for Learning Difficulties

Daily News Egypt

time6 hours ago

  • Daily News Egypt

Moon Hall Cairo Opens June 15 as Egypt's First Centre for Learning Difficulties

Egypt's first dedicated centre for learning difficulties, Moon Hall Cairo, will open on June 15. The launch includes an educational workshop featuring UK and local specialists, aimed at raising awareness and introducing the centre's services. The facility is located within the New Giza Educational Hub and has been developed in partnership with Moon Hall School UK, a British institution specialising in support for students with dyslexia and related conditions. The project was first announced in London in September 2024. Moon Hall Cairo will provide services including: Speech and language therapy Occupational therapy Support for dyslexia Assessments for ADHD and autism Educational psychology Programmes for gifted students The centre is staffed by a multidisciplinary team using internationally recognised methods, adjusted for the local context. The opening follows a collaboration agreement signed last year during a UK-Egypt trade mission, hosted at the Egyptian Embassy in London and attended by British and Egyptian officials. The initiative is part of broader education partnerships led by New Era Education, which has also launched other UK-affiliated institutions in Egypt, including Uppingham Cairo and the upcoming King's School Canterbury International College. Moon Hall Cairo's website will also launch on June 15, offering more details about available services.

OPEN// Tunisian president greets President Sisi on Eidul Adha
OPEN// Tunisian president greets President Sisi on Eidul Adha

Middle East

time8 hours ago

  • Middle East

OPEN// Tunisian president greets President Sisi on Eidul Adha

CAIRO, June 4 (MENA) - President Abdel Fattah El Sisi received a phone call on Wednesday from his Tunisian counterpart Kais Saied during which the Tunisian leader greeted Sisi on Eidul Adha. During the phone call, Saied wished the Egyptian people permanent security and stability, Presidency Spokesman Mohamed el Shennawy said. President Sisi expressed his sincere thanks and gratitude to the Tunisian president for his fraternal gesture, wishing Tunisia and its people continued security and progress. (MENA) I S N/S R E

Govt committed to flexible exchange rate
Govt committed to flexible exchange rate

Middle East

time8 hours ago

  • Middle East

Govt committed to flexible exchange rate

CAIRO, June 4 (MENA) - Prime Minister Mostafa Madbouli's reiterated on Wednesday his government's full coordination with the Central Bank of Egypt (CBE) on the country's monetary policy and exchange rate. Speaking to "Baheb Izaa'a" radio program, cabinet spokesman Mohamed el Homsani said the prime minister stressed during the latest press conference that monetary policy remains the exclusive mandate of the CBE and that the government supports a flexible exchange rate. He praised the sound management of the monetary file, citing improved currency stability and the disappearance of the parallel market since March 2024, following a series of professional reform measures by the central bank. About Egypt's industrial strategy, the spokesman said Madbouli reviewed the Public Works Ministry's efforts to overhaul the textile and spinning factories in El Mahalla El-Kubra city, saying the State is investing around EGP 60 billion to develop this important sector with the aim of engaging the private sector in managing and operating these factories in a bid to maximize profits. He said the State is attaching importance to localizing electric vehicle (EV) production and is adopting a comprehensive strategy that involves replacing old vehicles with new ones and offering enhanced incentives to both domestic and foreign investors. He noted that EV development has become a national priority due to its environmental benefits. He added that the government has made tangible progress in boosting local automotive output for both domestic consumption and exports. Customs clearance duration was significantly reduced from one week to four days and is to reach two days by September, easing costs for importers and lowering consumer prices. About the social housing file, the spokesperson said the government covers nearly 60% of the cost of each social housing unit offered to low-income citizens, a kind of financial support that cannot be afforded by the private sector. He highlighted Madbouli's directives to all governors to intensify preparations for Eidul Adha to ensure the availability of essential goods. (MENA) S R E

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