Expert names key areas for further cooperation among BRICS and BRICS+ states
The economic and investment potential of the BRICS and BRICS+ frameworks lies in their scale, diversity, and shared ambition to shape a new global economic order. This was stated by Walid Farghal, Director General of the Annual Investment Meeting (AIM Congress), in an exclusive interview at the TV BRICS studio in the Roscongress International Cooperation Area at St. Petersburg International Economic Forum (SPIEF) 2025.
'The BRICS and the BRICS+ represent a global segment in economy. Through their combined population – more than 3 billion people – they surpassed their presence as emerging countries to be a group contributing to the global economy and having their own power in terms of economic impact on their populations as well as for neighbouring countries and for all member countries of BRICS,' he said.
Farghal emphasised several areas of high potential for further collaboration: 'The areas of cooperation of the BRICS and the BRICS+ countries can be in the green investment, environmental investment, and the climate change. It can be also in the digital economy, the FinTech solutions, logistics, and the transport.'
He noted that development in these sectors would be mutually beneficial: 'It plays a key role in all the BRICS countries to contribute to each other through their own resources, their own manufacturing requirements.'
The Director General of AIM Congress also stressed the importance of inclusive growth and support for small and medium-sized businesses.
He concluded by calling for a joint effort to reduce barriers to trade and investment: 'It is very important to develop easy policies from all the governments of BRICS, which will facilitate more investment and trade flows in these countries.'
Text copied from https://tvbrics.com/en/news/expert-names-key-areas-for-further-cooperation-among-brics-and-brics-states/
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
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
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
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
News
Shell Unveils Cost-Cutting, LNG Growth Plan
Technology
50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
2 days ago
- See - Sada Elbalad
Egypt's FM, Water Minister Review Regional Water Coordination
H-Tayea Foreign Minister Badr Abdelatty and Water Resources and Irrigation Minister Hani Sweilam met to coordinate regional and international efforts on water issues and strengthen cooperation with Nile Basin countries. The ministers reaffirmed Egypt's long-standing support for development in Nile Basin states, particularly in the southern basin, and reviewed existing cooperation mechanisms, including a $100 million financing initiative for infrastructure projects such as dams, as well as the work of the Egyptian Agency for Partnership for Development and the Egyptian Nile Basin Development Initiative. They discussed recent joint visits, including to Uganda, and opportunities for further projects to safeguard and optimize water resources, citing examples of previous work in Sudan, South Sudan, Kenya, the Democratic Republic of Congo, Uganda, and Tanzania. These include solar-powered groundwater wells, river ports, water storage facilities, rain forecasting centers, and flood protection projects, with total funding of $100 million. On Nile issues, the ministers said Egypt is committed to cooperation and mutual benefit with basin countries while safeguarding its water security. They called for adherence to international law in managing the Nile and rejected unilateral measures in the eastern basin, adding that Egypt will take all lawful steps to protect its vital water interests. They agreed to maintain close coordination on planned projects, including the MabanKana hydropower dam in the DRC, to be financed through Egypt's new funding mechanism for southern basin infrastructure. 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 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
See - Sada Elbalad
2 days ago
- See - Sada Elbalad
Abo El-Enein Foundation Kicks Off Economic Empowerment Program for Menofia Families
H-Tayea The Abu El-Enein Foundation for Social and Cultural Work, in collaboration with the Embassy of the People's Republic of China in Cairo and under the umbrella of the National Alliance for Civil Development Work, has launched comprehensive training programs for families benefiting from the 'New Hope' initiative in Menofia Governorate. The program is designed to help participants achieve economic self-reliance through sustainable poultry production projects. The training equips beneficiaries with essential practical skills and technical knowledge to manage poultry farms effectively, covering areas such as modern breeding techniques, resource management, and strategies to maximize output. To reinforce learning, participants will take part in field visits and hands-on sessions at New Hope Company on August 13 and 14, gaining real-world experience in poultry farm operations. The Foundation emphasized that the initiative reflects its long-term commitment to empowering vulnerable families, boosting rural livelihoods, and fostering self-sufficiency. This effort is part of a broader drive to achieve Egypt's vision for integrated rural development, in partnership with leading civil society organizations across the National Alliance. 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 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
Al-Ahram Weekly
3 days ago
- Al-Ahram Weekly
Standard Chartered launches its direct custody services in Egypt - Economy
Standard Chartered has announced the launch of its direct custody services in Egypt, marking a significant expansion of its global post-trade network across the Middle East and North Africa (MENA) region, the international banking group said in a statement on Wednesday. The move aims to strengthen regional capital flows and enhance investor access to Egypt's growing financial markets. The launch builds on the bank's earlier introduction of custody services in Saudi Arabia this year and reflects its strategy to deepen its footprint in high-growth, strategically important markets. Operated through Standard Chartered Egypt, the service enables institutional clients to hold and manage a variety of securities with greater efficiency, transparency, and security. The offering covers equities, treasury bills, government bonds, and corporate bonds and includes safekeeping, settlements, and corporate action services. Clients can access these through multiple channels, including the bank's globally recognized Straight2Bank (S2B) platform. Mohammed Gad, CEO of Standard Chartered Egypt, described the launch as a key milestone in the bank's efforts to strengthen Egypt's financial infrastructure and expand investor access to the region. 'Egypt is a vital market for us, not only as a new BRICS member, but as a rising investment hub linking Africa, the Gulf, and beyond,' Gad said. 'By introducing direct custody services from day one, we are providing institutional clients with greater speed, transparency, and operational efficiency. Backed by our global platform and deep local expertise, this offering will help unlock capital flows into Egypt and support the growth of a more resilient, connected capital market.' The custody service is fully licensed by the Financial Regulatory Authority and approved by the Central Bank of Egypt. Standard Chartered said the move aligns with Egypt's wider ambitions to modernize its financial ecosystem, attract foreign direct investment, and diversify sources of capital under Vision 2030. According to the bank, growing interest from investors across Asia, the Gulf, and Africa makes this an opportune moment to offer institutional-grade post-trade solutions in Egypt. Scott Dickinson, regional head of Financing and Securities Services for Africa and the Middle East, emphasized the bank's commitment to enhancing market access in emerging economies. "Standard Chartered's expanding custody footprint across the region underlines our commitment to supporting capital markets in key emerging economies,' Dickinson said. 'By improving investor access, raising service standards, and helping attract long-term capital, we continue to play a leading role in connecting global investment to opportunity across MENA,' he added. With Egypt now part of the bank's custody network, Standard Chartered is positioned to facilitate smoother cross-border investment flows, reinforcing its role as a bridge between global investors and one of the region's most dynamic markets. Standard Chartered Bank officially commenced its banking operations in the Egyptian market in January 2024. Follow us on: Facebook Instagram Whatsapp Short link:
