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United News of India
4 days ago
- Business
- United News of India
Kabul holds six-day Industry exhibition showcasing products by Afghan industrialists
Kabul, May 27 (UNI) A six-day industrial exhibition titled 'Industry Week', with over 700 booths showcasing products made by Afghanistan industrialists and entrepreneurs, opened on Tuesday at the Afghanistan International Expo center in the country's capital city, Kabul. According to the Ministry of Industry and Commerce statement, the exhibition aims to assist domestic investors, facilitate interactions between individuals and businesses, and educate the public about local products. In his opening remarks, acting Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar Akhund emphasised the Afghan interim government's commitment to support industrial development, investment attraction, economic progress, and local products. "Holding domestic exhibitions has many benefits, including making people aware of domestic products and people knowing that there are manufacturing companies in Afghanistan, and through this, Afghan industry is also introduced to the world." Basir Ahamad Nazari, the head of a food manufacturing companies, told Xinhua. Speaking about the event at a press conference earlier, Shirbaz Kaminzada, the Director General of the Afghanistan Chamber of Industries and Mines, said that over 700 booths will showcase products made by Afghanistan industrialists and entrepreneurs, offering a unique opportunity to explore the diversity of domestic manufacturing. Additionally, Kaminzada had announced a special 25% discount on selected goods to encourage citizens to purchase items—especially Eid essentials—at prices lower than regular market rates. This initiative is aimed at easing economic burdens and increasing visibility for local producers, according to a report by Khaama News. Mohammad Saber Latifi, the Director General of the Afghanistan International Exhibition Center, also emphasised that the exhibition is intended to encourage and support the country's industrial sector, and actively encouraged locals to support national industries by purchasing locally made goods. He stressed that by buying Afghan products, citizens can play a direct role in strengthening the economy and motivating investors to expand domestic production. UNI ANV RN
Biz Bahrain
20-05-2025
- Business
- Biz Bahrain
BDB Launches Rewards Campaign for New Current Account Holders
Bahrain Development Bank (BDB), the Kingdom's leading financial institution supporting small and medium-sized enterprises (SMEs), has launched a new campaign that rewards entrepreneurs for opening current accounts. The initiative underscores BDB's continued efforts to simplify banking access and enhance financial inclusion for the SME sector. As part of the campaign, five customers who open their BDB current accounts between 18th and 31st May 2025 will be awarded a cash prize of BHD 500 each. Winners will be selected through a draw conducted under the supervision of the Ministry of Industry and Commerce. This initiative forms part of BDB's broader strategy to deliver accessible and flexible banking services that align with the operational needs of SMEs. Customers opening current accounts during the campaign period will also benefit from the tijara platform, which is Bahrain's first end-to-end digital banking solution built exclusively for SMEs. It empowers entrepreneurs with streamlined account management, seamless transactions, and dedicated features that simplify business banking. Commenting on the occasion, Mr. Ali Al Aradi, Chief Banking Officer of BDB said, 'As a key enabler of entrepreneurial growth in the Kingdom, we remain steadfast in our mission to provide SMEs with agile financial solutions that serve their evolving needs. This campaign highlights our ongoing commitment to financial empowerment and aligns with Bahrain's Vision 2030, which aims to diversify the economy and foster digital innovation.' BDB continues to play a vital role in strengthening Bahrain's SME ecosystem through its comprehensive suite of offerings that include tailored financing products, specialised advisory services, and innovative banking solutions. The Bank also seeks to expand strategic partnerships with public and private sector entities that ensure business sustainability and contribute to long-term economic progress.
Morocco World
27-04-2025
- Business
- Morocco World
Morocco Launches Call for Industrial and Tech Cluster Projects for 2025
Rabat — Morocco's Ministry of Industry and Commerce has launched a new initiative to find and support the best industrial and technological cluster projects for 2025. The program will provide government financial backing to selected projects. The initiative is part of the country's national program to support the development of Moroccan clusters. Both new initiatives and existing clusters can apply. Previously labeled clusters that have received public support for more than eight years are also eligible to participate. This effort aims to promote governance structures that bring together companies, startups, research centers, and training institutions to collaborate on innovative projects that generate significant added value. Project leaders can collect the specifications from the Division of Technological Platforms and Clusters at the Ministry headquarters in the Administrative District, Rabat Chellah. Alternatively, they can download the specifications from the official website . Interested companies and startups should apply no later than July 24, 2025, at 3:00 PM. Morocco, a hub for industry and tech Morocco's New Investment Charter paved the way for enhancing industrial projects in the country. The Charter has greatly driven investment across several sectors, including industrial. Reaching MAD 140 billion ($13.58 billion) between May 2023 and November 2024, the new charter is a key tool for boosting industrial competitiveness. In 2024, Morocco and the International Finance Corporation (IFC) joined forces in a partnership agreement aimed at boosting the inflow of investments in the North African country. The agreement also intends to encourage the growth of Moroccan companies throughout the African continent. In terms of tech, a report published in January of this year, 'Africa: The Big Deal,' indicated that Moroccan startups raised $70 million during the past year. Through similar initiatives, the North African country is positioning itself as a leader in industrial and tech investment, encouraging competitiveness and growth among companies and startups. Read also: Morocco Sits Fifth Behind Africa's Big Four Tech Startup Giants Tags: Industrial projectMoroccotechtech in morocco
Web Release
23-04-2025
- Business
- Web Release
Dubai Chamber of Commerce organises 252 bilateral business meetings in Luanda to enhance cooperation between companies in Dubai and Angola
By Editor_wr On Apr 23, 2025 Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully organised252 bilateral business meetings between companies from Dubai and Angola in Luanda, the country's capital city. The meetings took place during the first stop of chamber's trade mission to Angola and Mozambique as part of the 'New Horizons' initiative, which aims to support the international growth of companies based in Dubai by unlocking opportunities in promising global markets. The trade mission to Angola featured representatives from 20 Dubai-based private sector companies operating across diverse industries including agriculture; construction and building materials; electronics; energy and petrochemicals; engineering; FMCG trading; food and beverages; information technology; manufacturing; maritime and shipping services; metallurgical industries; real estate; retail; and supply chain and logistics. As part of the mission's activities, Dubai Chamber of Commerce organised a business forum in Luanda titled 'Doing Business with Angola' with the support of the UAE Embassy in Luanda, Angola's Ministry of Industry and Commerce, the Chamber of Commerce and Industry of Angola (CCIA), the Agency of Investment and Export Promotion (AIPEX), and the Consulate General of the Republic of Angola in Dubai. The forum featured a keynote speech delivered on behalf of H.E. Rui Miguêns de Oliveira, Minister of Industry and Commerce of the Republic of Angola, by Antonio Mikotene Domingos, National Director of Integration and Economic Development at the Ministry of Industry and Commerce. The forum also featured keynote speeches by H.E. Salem Ali Al Shamsi, Ambassador of the United Arab Emirates to the Republic of Angola; and H.E. Eng. Vicente Soares, President of the Chamber of Commerce and Industry of Angola (CCIA). The event attracted 416 participants, including senior officials, business leaders, and Angolan companies interested in exploring partnership opportunities with the chamber's delegation. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'We remain committed to building bridges of trade and investment cooperation between Dubai and countries around the world in support of our shared development goals and interests. This trade mission uncovers new avenues to promising business opportunities for companies in Dubai seeking to expand into vital markets such as Angola, enhancing the competitiveness of our business community and supporting the growth of Dubai's non-oil foreign trade.' The value of non-oil trade between Dubai and Angola reached AED 7.8 billion in 2024, representing annual growth of 3.3% compared to the AED 7.6 billion recorded during the previous year. The number of Angolan companies registered as active members of Dubai Chamber of Commerce reached 72 by the end of Q1 2025. During the business forum, Salem Al Shamsi, Vice President of International Relations at Dubai Chambers, delivered a comprehensive presentation on Dubai's economic landscape and outlined the emirate's unique competitive advantages for companies and investors. A discussion session was also held as part of the forum with the participation of Jerónimo Nunda Pongolola, a Board Member at Angola's Agency of Investment and Export Promotion (AIPEX). The session explored Angola's economic and investment landscapes and outlined strategic approaches for companies from Dubai to successfully establish and expand their operations in the Angolan market while tapping into the country's promising growth opportunities across various sectors. Dubai Chamber of Commerce has identified a number of high-potential export products from Dubai to Angola, including cell phones, textiles, aluminium plates, pharmaceuticals, rice, and perfumes. In terms of investment opportunities for Dubai-based companies in Angola, key sectors include offshore oil and gas technologies; airport management; marine technologies such as fisheries and ports; heath services and equipment supplies; and infrastructure projects including aviation and rail transport. Comments are closed.
Emirates 24/7
23-04-2025
- Business
- Emirates 24/7
Dubai Chamber of Commerce organises 252 bilateral business meetings
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully organised252 bilateral business meetings between companies from Dubai and Angola in Luanda, the country's capital city. The meetings took place during the first stop of chamber's trade mission to Angola and Mozambique as part of the 'New Horizons' initiative, which aims to support the international growth of companies based in Dubai by unlocking opportunities in promising global markets. The trade mission to Angola featured representatives from 20 Dubai-based private sector companies operating across diverse industries including agriculture; construction and building materials; electronics; energy and petrochemicals; engineering; FMCG trading; food and beverages; information technology; manufacturing; maritime and shipping services; metallurgical industries; real estate; retail; and supply chain and logistics. As part of the mission's activities, Dubai Chamber of Commerce organised a business forum in Luanda titled 'Doing Business with Angola' with the support of the UAE Embassy in Luanda, Angola's Ministry of Industry and Commerce, the Chamber of Commerce and Industry of Angola (CCIA), the Agency of Investment and Export Promotion (AIPEX), and the Consulate General of the Republic of Angola in Dubai. The forum featured a keynote speech delivered on behalf of H.E. Rui Miguêns de Oliveira, Minister of Industry and Commerce of the Republic of Angola, by Antonio Mikotene Domingos, National Director of Integration and Economic Development at the Ministry of Industry and Commerce. The forum also featured keynote speeches by H.E. Salem Ali Al Shamsi, Ambassador of the United Arab Emirates to the Republic of Angola; and H.E. Eng. Vicente Soares, President of the Chamber of Commerce and Industry of Angola (CCIA). The event attracted 416 participants, including senior officials, business leaders, and Angolan companies interested in exploring partnership opportunities with the chamber's delegation. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'We remain committed to building bridges of trade and investment cooperation between Dubai and countries around the world in support of our shared development goals and interests. This trade mission uncovers new avenues to promising business opportunities for companies in Dubai seeking to expand into vital markets such as Angola, enhancing the competitiveness of our business community and supporting the growth of Dubai's non-oil foreign trade.' The value of non-oil trade between Dubai and Angola reached AED 7.8 billion in 2024, representing annual growth of 3.3% compared to the AED 7.6 billion recorded during the previous year. The number of Angolan companies registered as active members of Dubai Chamber of Commerce reached 72 by the end of Q1 2025. During the business forum, Salem Al Shamsi, Vice President of International Relations at Dubai Chambers, delivered a comprehensive presentation on Dubai's economic landscape and outlined the emirate's unique competitive advantages for companies and investors. A discussion session was also held as part of the forum with the participation of Jerónimo Nunda Pongolola, a Board Member at Angola's Agency of Investment and Export Promotion (AIPEX). The session explored Angola's economic and investment landscapes and outlined strategic approaches for companies from Dubai to successfully establish and expand their operations in the Angolan market while tapping into the country's promising growth opportunities across various sectors. Dubai Chamber of Commerce has identified a number of high-potential export products from Dubai to Angola, including cell phones, textiles, aluminium plates, pharmaceuticals, rice, and perfumes. In terms of investment opportunities for Dubai-based companies in Angola, key sectors include offshore oil and gas technologies; airport management; marine technologies such as fisheries and ports; heath services and equipment supplies; and infrastructure projects including aviation and rail transport. Follow Emirates 24|7 on Google News.
