Latest news with #Russian-Egyptian
Al-Ahram Weekly
12 hours ago
- Business
- Al-Ahram Weekly
SPIEF discusses promising sectors for Russian-Arab cooperation - Economy
The first day of the St. Petersburg Economic Forum featured a special session that discussed practical experiences and expertise on how Russian businesses can succeed in the Arab world and Africa. The session emphasized the importance of building partnerships based on trust, a good reputation, and an understanding of the specificities of local markets. Ahmed Bourai, Executive Director of the Egyptian Exporters Association, emphasized the need to recognize the diversity of these markets. Bourai identified the most promising sectors for Russian-Egyptian cooperation: textiles and clothing, information and communications technology, furniture manufacturing, chemical fertilizers and plastics, and building materials (granite, cement). He added, "You can never do business in Tunisia or Morocco without a contract. The Middle East is very diverse, and comparing Iraq to other countries is like comparing apples to oranges." Bourai also offered a clear formula for success: "Don't buy fish in freshwater." Be clear about your goals, reach out to the right people, and don't rely solely on the advice of friends or colleagues. Look for someone who won't abandon you halfway. Russian President Vladimir Putin arrived in St Petersburg earlier. The first event on the sidelines of the St Petersburg International Economic Forum is a meeting to discuss economic matters. Putin said:' Our primary and most important task is to improve the quality of life for people, enhance our cities and communities, develop healthcare and education, and address environmental challenges, 'among other priorities. "To work on all this efficiently, we must monitor the situation, observe the macroeconomic trends within our borders, and consider external challenges and the situation in international markets. Based on this analysis, I suggest we discuss the short-term options available to us and potential legislative amendments that could be enacted to adjust and supplement our efforts to develop the economy, social services, regions, and all of Russia." Follow us on: Facebook Instagram Whatsapp Short link:
See - Sada Elbalad
15-05-2025
- Business
- See - Sada Elbalad
Cairo, Moscow Discuss Establishing LNG terminals in Egypt
Taarek Refaat Russia and Egypt are strengthening their energy cooperation through plans to build liquefied natural gas (LNG) terminals in Egypt, Russian Minister of Industry and Trade Anton Alikhanov confirmed, according to Russian state news agencies on Wednesday. During a session of the Russian-Egyptian intergovernmental committee, Alikhanov revealed to reporters the ongoing discussions regarding LNG terminal projects. "Work is underway," he said, indicating a serious commitment to cooperation. The construction of these terminals is expected to boost the energy sectors of both countries, reflecting a strategic partnership in increasing LNG production and distribution. Alikhanov indicated that LNG terminal construction projects are under consideration and confirmed that work is underway on these projects. The proposed terminals will be used to process and handle LNG. Further details regarding the scope, timeline, and financial aspects of these proposed projects have not yet been disclosed. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Egypt Independent
10-05-2025
- Politics
- Egypt Independent
Sisi commends Egyptian-Russian relations
President Abdel Fattah al-Sisi commended Egyptian-Russian relations that were culminated with signing the comprehensive strategic partnership agreement in 2018. During his summit with Russian President Vladimir Putin in Moscow Friday evening, President Sisi expressed pleasure at meeting with the Russian leader again and showed gratitude for the warm reception and hospitality. President Sisi greeted Russia's president and people at the Victory Day parade that he attended. The Egyptian president praised the frequency of holding the political consultation mechanism's meetings, wishing the success of the 15th session of the Russian-Egyptian intergovernmental commission on trade, economic, scientific, and technical cooperation to be held in Moscow on May 12-14.
Egypt Independent
10-05-2025
- Business
- Egypt Independent
Trade turnover between Russia, Egypt hits record $9 bln in 2024
Trade turnover between Russia and Egypt climbed by 30 percent in 2024, reaching a record of US nine billion dollars, Russian President Vladimir Putin said at a meeting with his Egyptian counterpart Abdel Fattah al-Sisi, adding that it gained another 80 percent in the first two months of this year, TASS news agency reported. Putin called Egypt one of Russia's key partners in Africa. 'Today the Russian-Egyptian relations are developing successfully. Our cooperation is diversified, based on provisions of the treaty on comprehensive partnership and strategic cooperation. Egypt is one of Russia's key partners in Africa,' Putin added. Today Moscow and Cairo foster a regular and meaningful political dialogue, Putin noted. 'Our countries coordinate approaches to relevant international issues, including the situation in the Middle East,' said the Russian president.
Egypt Today
10-05-2025
- Business
- Egypt Today
Trade turnover between Russia, Egypt hits record $9 bln in 2024, says Putin
Trade - file MOSCOW - 10 May 2025: Trade turnover between Russia and Egypt climbed by 30% in 2024, reaching a record of $9 billion, Russian President Vladimir Putin said at a meeting with his Egyptian counterpart Abdel Fattah el-Sisi, adding that it gained another 80% in the first two months of this year, TASS news agency reported. Putin called Egypt one of Russia's key partners in Africa. "Today the Russian-Egyptian relations are developing successfully. Our cooperation is diversified, based on provisions of the treaty on comprehensive partnership and strategic cooperation. Egypt is one of Russia's key partners in Africa," Putin added. Today Moscow and Cairo foster a regular and meaningful political dialogue, Putin noted. "Our countries coordinate approaches to relevant international issues, including the situation in the Middle East," said the Russian president.
