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Egypt Today
10-05-2025
- Business
- Egypt Today
1st meeting of Egyptian-Swiss economic committee held in Bern
This comes within the framework of Egypt's prioritization of enhancing trade and investment relations with various countries around the world, attracting investments and opening markets for Egyptian exports, as well as the efforts made by Egyptian embassies in their respective host countries in this regard. Egypt's Ambassador to the Swiss Confederation Mohamed Negm stated during the celebration held on this occasion that the first meeting of the Joint Economic Committee represents an important milestone in Egyptian-Swiss cooperation and a serious step toward strengthening economic relations between the two countries in line with their shared aspirations for sustainable development across various sectors. He also expressed his hope that the Joint Economic Committee would become an effective platform for enhancing relations, facilitating mutual investment opportunities, boosting trade, attracting investments, exploring new market opportunities and addressing the challenges of economic relations and trade issues raised by the private sectors of both countries. He highlighted that Egypt serves as a regional hub for supply chains for European companies and for the transfer and distribution of renewable and green energy, given its geographic proximity, strategic location and the unprecedented boom in infrastructure development it has witnessed in recent years. He stressed the potential of this committee to expand cooperation in new areas in light of Egypt's recent achievements in private sector development, infrastructure growth and strengthening economic institutions. Egypt is Switzerland's top trading partner in Africa and the largest market for Swiss exports on the continent. The trade volume between the two countries amounts to approximately 1.26 billion Swiss francs. Switzerland is also the seventh-largest foreign investor in Egypt, with total direct Swiss investments estimated at around 1.2 billion US dollars. About 100 Swiss companies operate in Egypt, creating over 25,000 job opportunities, primarily in the energy, pharmaceutical and food industries.
Asharq Al-Awsat
15-04-2025
- Politics
- Asharq Al-Awsat
Shura Council Speaker Receives Newly Appointed Saudi Ambassadors to Several Countries
Speaker of the Shura Council Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al Al-Sheikh met on Tuesday at the council's headquarters in Riyadh the newly appointed Saudi ambassadors to several brotherly and friendly countries. The officials included Ambassador to the Hellenic Republic (Greece) Ali bin Youssef; Ambassador to the Argentine Republic Hatem Al-Ghamdi; Ambassador to the Swiss Confederation Abdulrahman Al-Dawood; Ambassador to the Union of the Comoros Mohammed Al-Shamrani; Ambassador to the Republic of Maldives Yahya Al-Qahtani; Ambassador to the Oriental Republic of Uruguay Sultan Al-Muzaini; Ambassador to the Republic of Mozambique Ahmed Al-Wuhaib; and Ambassador to the United Mexican States Fahd Al-Manawer. According to SPA, at the outset of the meeting, the Speaker of the Shura Council congratulated the ambassadors-designate on the royal trust bestowed upon them to represent the Kingdom at its embassies. He emphasized the significance of their role abroad in serving the homeland and its citizens, wishing them success in their duties and in strengthening cooperation and fraternal relations between the Kingdom and the brotherly and friendly nations across various fields. The newly appointed ambassadors expressed their gratitude to the Shura Council, highlighting the significance of the council's role in parliamentary diplomacy. They emphasized the importance of building bridges of friendship and cooperation with parliaments around the world and actively participating in regional and international parliamentary forums to strengthen relations between the Kingdom and both brotherly and friendly nations.
