Latest news with #Trade
See - Sada Elbalad
9 hours ago
- Business
- See - Sada Elbalad
Uzbek Gov't Delegation Tours Agricultural Projects, Research Centers in Egypt
Taarek Refaat An Uzbek government delegation headed by the Director of the Cabinet Secretariat for Investment, Export, Trade, Agriculture and Water Resources visited several agricultural projects and research centers during a four-day visit to Egypt. The Uzbek delegation began its field trip with a visit to the Agricultural Research Center, where they were briefed on the center's research activities and its efforts to achieve food security and improve crop productivity. They also visited the Excellence and Innovation Exhibition. The Uzbek delegation also visited the Desert Research Center, where they learned about the center's efforts to address the challenges of desertification and climate change. The Uzbek group expressed their great admiration for Egypt's experience in establishing integrated agricultural communities aimed at achieving social stability and sustainable development, commending the role of the Desert Research Center in providing pioneering models and practical solutions to environmental and agricultural challenges in desert regions. They also inspected the "Future of Egypt" sustainable agriculture project, the first project aimed at achieving self-sufficiency and exporting surpluses. The targeted area for reclamation is 1.5 million feddans, out of the total area of the New Delta project, which amounts to 2.2 million feddans. They affirmed Uzbekistan's keenness to exchange successful experiences with Egypt in land reclamation, natural resource management, and modern agriculture, especially in light of the environmental and climate challenges facing both countries. 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 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 Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks
Egypt Today
18 hours ago
- Business
- Egypt Today
Egypt, Uzbekistan discuss agricultural cooperation
Agricultural land CAIRO – 29 May 2025: Minister of Agriculture and Land Reclamation Alaa Farouk discussed with a high-level delegation from the Republic of Uzbekistan under the Director of the Cabinet Secretariat for Investments, Exports, Trade, Agriculture, and Water Management ways to enhance joint cooperation between the two countries in various fields of the agricultural sector. The meeting comes within the framework of presidential directives to strengthen cooperation with Uzbekistan and to follow up on the technical aspects of implementing the outcomes of joint committees. During the meeting, both sides reviewed the agricultural capabilities available in Egypt and Uzbekistan and explored opportunities to develop partnerships in agricultural and livestock production, exchange of expertise and technical knowledge, and enhancement of trade exchange in agricultural products. Farouk emphasized the deep historical ties between Egypt and Uzbekistan across various fields and at all levels. He also highlighted the political leadership's keenness to develop these relations, including in the vital agricultural sector. The Minister of Agriculture expressed his ministry's readiness to provide all forms of support and expertise to ensure the success of joint cooperation in achieving food security and agricultural development in both countries. He also referred to his recent meeting with Mansurbek Kilichev, Uzbekistan's Ambassador to Egypt, during which the importance of strengthening cooperation in various agricultural fields was discussed. The minister explained that in recent years, under the leadership of President Abdel Fattah El Sisi, Egypt has witnessed significant development and a genuine renaissance in all fields, including the agricultural sector, which now receives considerable attention from the political leadership. He noted that Egypt has taken many steps to improve the investment climate and simplify procedures to encourage investors. He added that the agricultural sector in Egypt holds great investment potential and offers many opportunities that can be included in areas of joint cooperation. The Minister of Agriculture directed the External Agricultural Relations Department to organize intensive field visits for the Uzbek delegation to various agricultural projects and entities in Egypt, including research centers, institutes, laboratories, and model farms producing various crops. These visits aim to post the delegation on important experiences that could benefit the exchange and transfer of expertise. For their part, the Uzbek delegation stressed their country's political leadership's commitment to strengthening joint cooperation in various areas, especially agriculture and food security, and to intensifying efforts to enhance agricultural relations between the two countries. They expressed interest in boosting cooperation with Egypt in the agricultural field and benefiting from Egypt's distinguished expertise in the sector. They stressed the importance of exchanging visits and experiences between specialists on both sides to advance the prospects of cooperation. They also discussed ways to increase trade in crops and agricultural products, especially since the trade balance between the two countries reached around $55 million in 2024. (
IOL News
a day ago
- Business
- IOL News
Ithuba Lottery considers legal options as temporary licence decision looms
Outgoing national lottery operator Ithuba Lottery is considering the legal implications of Minister of Trade, Industry, and Competition Parks Tau's decision to award the operating licence to Sizakhaya Holdings. Image: Supplied Outgoing national lottery operator Ithuba Lottery is considering the legal implications of Minister of Trade, Industry, and Competition Parks Tau's decision to award the operating licence to Sizakhaya Holdings. Ithuba stated that this decision disregards the progress made in building a truly home-grown lottery ecosystem that empowers small businesses, drives local job creation, and maximizes revenue for good causes. In response to the decision announced on Wednesday, Ithuba expressed deep disappointment, stating that it undermines the principles of localisation and inclusive economic growth outlined in the Request for Proposal. As a fully South African-owned and black-empowered operator, Ithuba has invested significantly in developing the first African Central Lottery System, owned and developed for Africa by South Africans. 'Ithuba Lottery has the necessary infrastructure, financial resources, and distribution systems to deliver a seamless, secure, and uninterrupted National Lottery. Our game portfolio is locally developed, our operational model prioritizes economic inclusion, and our reach extends across urban and rural communities - ensuring accessibility for all South Africans from day one,' said Ithuba's head of marketing and corporate affairs, Michelle van Trotsenburg. This comes as the Gauteng High Court is expected to rule on Friday on its previous order compelling the National Lotteries Commission (NLC) to grant a temporary licence to run the national lottery for only five months, as the current licence expires on May 31. NLC spokesperson and Head of Stakeholder Management and Communication, Rudzani Tshigemane, said the commission awaits the court's decision, which will determine the awarding of the temporary licence and its duration. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ 'We expect the court's decision by around 1 pm on Friday, after which we will announce which operator will be awarded the temporary licence, effective from Sunday, June 1, for the duration determined by the court. The operators have indicated that a five-month operating licence is not feasible, so we approached the court to extend the temporary period to 12 months,' Tshigemane said. In its application to the court, the NLC argued that unless the Gauteng High Court amends its recent order limiting the temporary licence to five months, the temporary licence, set to begin on June 1, is widely expected to be awarded to Ithuba Lottery, a subsidiary of Ithuba Holdings. Ithuba Lottery has stated that a five-month licence is not financially viable. Meanwhile, Sizakhaya Holdings, announced as the successful bidder to take over from Ithuba after the temporary licence expires, requires at least nine months to prepare, according to an affidavit by NLC chairperson Barney Pityana. The licence has been the subject of extensive litigation in the Gauteng High Court, initiated by one of the bidders, Wina Njalo. Wina Njalo claimed that Minister Tau favored Ithuba by delaying the announcement and deciding to issue a temporary licence, arguing that only Ithuba has the infrastructure in place to qualify for it. BUSINESS REPORT Visit:
Ottawa Citizen
a day ago
- Business
- Ottawa Citizen
The Bloc Québécois strikes again to protect supply management
Article content OTTAWA — First there was Bill C-216, then C-282, and now C-202. The Bloc Québécois has, once again, introduced a private member's bill aimed at ensuring 'full protection for supply management' in trade agreements. Article content Article content The text of the bill has not yet been released, but the objective that was underlined in previous bills was to amend the Department of Foreign Affairs, Trade and Development Act to prevent the minister from 'making a commitment' that would increase the tariff rate quota for dairy, poultry, or eggs in trade negotiations. Article content Article content It would also prevent tariff reductions on these products when they are imported in excess. Article content Article content Bloc Leader Yves-François Blanchet said Bill C-202 was 'similar' and believes the House of Commons could agree very quickly to send it back to the Senate, where two influential senators effectively blocked its passage in the last Parliament using parliamentary procedures. Article content 'We can send it to the Senate before summer break. That's clear. Could the Senate dispose of it before the summer break? My optimism is more cautious,' Blanchet said. Article content Bill C-282 made headlines last fall when the Bloc threatened to bring down the government if it wasn't passed alongside another bill. It was ultimately passed by nearly 80 per cent of the House of Commons in June 2023, despite opposition from some Conservative MPs. Article content However, the Senate never passed it, thanks to Senators Peter Boehm and Peter Harder. Article content Article content 'I don't think it's in Canada's national interest to pass this bill because it divides the agricultural community … and it will impact future trade negotiations,' Sen. Peter Boehm said at the time. Neither senator commented Thursday. Article content At one point, the Bloc said it was facing 'hostility' in the upper house. Article content Supporters of the bill say it would protect farmers and local communities across the country, particularly in Quebec, while opponents argue it would tie the hands of Canadian negotiators in trade talks. Article content The Canadian Agri-Food Trade Alliance (CAFTA) is among its opponents, saying such a bill 'will hurt the 90 per cent of farmers who depend on trade.' Article content CAFTA's executive director Michael Harvey told the National Post that 'every time (the bill was introduced) it's been a bad idea' and 'it's still a bad idea.'
Eyewitness News
2 days ago
- Business
- Eyewitness News
DA wants independent review of BBBEE legislation with view to scrapping law
CAPE TOWN - The Democratic Alliance (DA) wants an independent review of the country's broad-based black economic empowerment (BBBEE) legislation with the view to scrapping the law. The party said that the legislation merely recycled and enriched the same "tycoons" and people that weren't disadvantaged, and could not stay in its current form. The party made the call in Parliament on Thursday, while presenting its alternatives to the Transformation Fund, which is being championed by Trade, Industry and Competition Minister Parks Tau. The DA said it rejected the Transformation Fund as another failed BBBEE scheme that enriched the elite and not workers. The party released its submission to the Department of Trade, Industry and Competition's Transformation Fund on Thursday, offering its alternatives. DA trade spokesperson, Toby Chance, said the fund blocked growth by focusing on race instead of investment or jobs. He also recommended changes to BBBEE legislation and a new approach to transformation. "So, in specific terms, we are recommending an independent review of the BBBEE legislation and regulations with a focus on impact on economic growth and job creation." He said that two recent surveys showed how South Africans were moving away from BEE and don't believe the government should continue pushing the policy.
