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Daily News Egypt
02-07-2025
- Business
- Daily News Egypt
Green investment, digital economy are key for BRICS cooperation, says expert
Green investment, the digital economy, and logistics are key areas for further cooperation among the BRICS and BRICS+ states, the director general of the Annual Investment Meeting (AIM Congress) said. In an exclusive interview at the St. Petersburg International Economic Forum (SPIEF), Walid Farghal said the economic and investment potential of the BRICS and BRICS+ frameworks lies in their scale and shared ambition to shape a new global economic order. '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 at the TV BRICS studio in the Roscongress International Cooperation Area. Farghal identified several areas with 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 for the group's members. 'It plays a key role in all the BRICS countries to contribute to each other through their own resources, their own manufacturing requirements,' Farghal stated. 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 from governments 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.'
See - Sada Elbalad
23-06-2025
- Business
- See - Sada Elbalad
Expert names key areas for further cooperation among BRICS and BRICS+ states
H-Tayea 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 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
Morocco World
09-04-2025
- Business
- Morocco World
Morocco's AMDIE Wins Best Investment Promotion Agency Award in MENA
Rabat – The Moroccan Agency for Investment and Export Development (AMDIE) has been named the Best Investment Promotion Agency in the MENA region at the Annual Investment Meeting (AIM 2025), currently taking place in Abu Dhabi. The agency also received the 'Gold Partner' trophy, which recognized its role in attracting foreign investment to Morocco. 'These prestigious awards celebrate the Kingdom's ongoing efforts in promoting investment and exports,' said AMDIE in a statement, adding that they reflect the strategic reforms carried out under the leadership of King Mohammed VI. The monarch's vision aims to 'position Morocco as a competitive, reliable, and forward-looking destination,' added the statement. This recognition is also the result of collective work and the dedication of their partners, our teams, and the entire ecosystem, AMDIE added. The agency focuses on promoting Morocco's investment opportunities and supporting the implementation of high-potential foreign investment projects in the country. The award ceremony took place during the 14th edition of AIM, which opened on Monday under the theme: 'Roadmap to the Future of Global Investment: A New Vision for a Balanced Global System.' AMDIE award Morocco is represented at the event by a delegation led by Karim Zidane, the Minister Delegate in charge of Investment, Convergence, and the Evaluation of Public Policies. Morocco also has a national pavilion at the international exhibition held during AIM 2025, organized by AMDIE. The pavilion showcases Morocco's economic strengths and investment opportunities across several priority sectors. AIM 2025 is one of the world's major investment events, with over 12,000 participants from 180 countries, including heads of state, ministers, central bank governors, stock exchange leaders, top investors, and international financial institutions. The summit is a platform for dialogue and knowledge sharing on global investment trends. Topics discussed include digital economy, industry, international trade, entrepreneurship, energy, infrastructure, biotechnology, and medical technology, among other key sectors.
Daily Tribune
09-04-2025
- Business
- Daily Tribune
Minister of Tourism Participates in Ministerial Roundtable at AIM Meeting in Abu Dhabi
Her Excellency Fatima bint Jaffar Al-Sairafi, Minister of Tourism, emphasized that investment in the tourism sector is one of the fundamental pillars of supporting economic growth in the Kingdom of Bahrain. It constitutes as an effective economic tool that contributes to improving various economic sectors and creating new job opportunities, which benefits the national economy. This came during her participation in the ministerial roundtable on "Investing in Tourism: Shaping Investment Opportunities through Policy Innovation," as part of the Annual Investment Meeting (AIM) 2025, organized by the World Tourism Organization in Abu Dhabi. Al-Sairafi stated that the tourism sector is one of the most promising economic sectors in the region, and supporting tourism investment represents a fundamental pillar of sustainable development which contributes to strengthening the Kingdom of Bahrain's position as a leading global tourism destination. Her Excellency added that the private sector in the Kingdom of Bahrain is a key partner in developing the tourism sector, while coordinating and cooperating to provide diverse tourism experiences that meet the needs and aspirations of tourists and visitors. She pointed out on the Kingdom's distinguished tourism infrastructure, including a diverse hotel portfolio that caters to a variety of tastes. Al-Sairafi explained that 2024 witnessed the addition of some 4&5-star hotels, adding that the Kingdom of Bahrain is also expected to witness the opening of new 5-star hotels by 2026, reflecting the continued expansion of the hospitality sector. She emphasized that this expansion will strengthen the tourism and hotel sector in Bahrain, leading to increased tourism revenues and the creation of new job opportunities, in addition to, supporting SMEs by creating partnerships with local suppliers and contractors. Her Excellency also noted that the Kingdom of Bahrain has achieved significant successes in supporting business tourism, (MICE), by attracting numerous major events and conferences, which contributes to strengthening its position as a distinguished destination for international events. Al-Sairafi highlighted the importance of coordination between the Kingdom of Bahrain and regional and international tourism organizations, and enhancing joint Arab cooperation, which contributes to attracting tourism investments and developing the sector sustainably. She pointed out that this cooperation enhances tourism integration among Arab countries and increases inter-Arab tourism rates. She emphasized that Arab governments pay great attention to the tourism sector by providing incentives and grants to support it. On the sidelines of the visit, Her Excellency the Minister of Tourism met with His Excellency Mr. Saleh Mohammed Al-Jaziri, Director General of Tourism at the Department of Culture and Tourism in Abu Dhabi. They reviewed bilateral relations between the two countries and discussed ways of cooperation in areas of joint work related to encouraging investment in tourism and strategic projects.
Khaleej Times
08-04-2025
- Business
- Khaleej Times
Adnoc continues to drive manufacturing industry, attract local, foreign direct investments
As part of its commitment to advancing the UAE's manufacturing industry, Adnoc continues to attract Local and foreign direct investment through strategic commercial agreements enabled by its successful In-Country Value (ICV) programme. Dr. Saleh Al Hashimi, Director of Adnoc's Commercial and ICV Directorate; Ali Foolathi, ADNOC Senior Vice President - Procurement Excellence & In-Country Value; and Jasim Saeed, Adnoc Senior Vice President, Group Procurement Operations, joined senior members of the Adnoc Commercial and ICV directorate at the Annual Investment Meeting (AIM Congress) 2025. Speaking on the significance of AIM 2025, Dr. Saleh Al Hashimi said, 'The AIM Congress is a key platform that brings together corporate leaders, policymakers, investors, entrepreneurs, and experts to share strategies for attracting sustainable investment. Adnoc's involvement in AIM 2025 highlights its pivotal role in supporting the UAE's national economic agenda through our successful ICV programme and the 'Make It in the Emirates' initiative. 'By working in partnership with local and global manufacturers to exapand or set up new operations in the UAE, Adnoc will continue to create value, generate investment opportunities and empower national talent for sustained economic growth.' Launched in 2018 with the support of local stakeholders and government partners, Adnoc's ICV programme is designed to deliver greater value to the UAE by investing in local manufacturing, developing the national workforce, and accelerating industrial growth.
