Latest news with #UnionofArabChambers
Zawya
21-05-2025
- Business
- Zawya
El-Khatib highlights Egypt's economic reforms, investment opportunities at Arab-German Chamber talks
Arab Finance: Minister of Investment and Foreign Trade Hassan El-Khatib reviewed the ongoing economic reforms and available investment opportunities in Egypt during his extensive meeting with the heads of the Arab-German Chamber of Commerce and Industry, according to a statement Khaled Mohamad Hanafy, Secretary General at the Union of Arab Chambers (UAC), led the session. As part of his visit to Germany, El-Khatib addressed the importance of chambers as a strategic partner in the economic development system, lauding their role in supporting business circles and creating a stimulating business environment. Egypt is currently taking effective measures, including providing the necessary facilities to investors, to encourage and stimulate investment in all sectors, El-Khatib noted. This is in addition to implementing fiscal, monetary, and trade policy reforms to reduce customs clearance times and lower logistical costs. The minister elaborated that these measures would contribute to boosting the efficiency of foreign trade and enhancing the competitiveness of the Egyptian economy. Finally, the minister reviewed Egypt's investment assets and potential, which include modern infrastructure, new cities, a large consumer market, a qualified workforce, and competitive wages. He also reflected on the country's distinguished geographical location and its links to free and preferential trade agreements with more than 70 countries, making it a major hub for investment and trade in the Middle East and Africa. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
National News
27-04-2025
- Politics
- National News
Tuesday, April 29, 2025
9:00 Under the patronage of President of the Republic General Joseph Aoun, the University of Balamand is organizing World Water Day activities, titled "Protecting Glaciers in Lebanon," at the Zakhem Auditorium, the university's campus in Koura. 9:20 Under the patronage of Prime Minister Nawaf Salam, the Union of Arab Chambers and the Lebanon Center for Voluntary Work are organizing the 13th Arab Conference under the theme: "Working to Establish Peace, Promote Security, and Promote Growth in Our Arab World," at the headquarters of the Union of Arab Chambers, Adnan Kassar Building, Beirut
Hi Dubai
27-02-2025
- Business
- Hi Dubai
Arab Private Sector Key to Regional Economic Growth
The Arab private sector plays a pivotal role in the region's economy, contributing approximately 75 percent of the Gross Domestic Product (GDP), according to Dr. Khaled Hanafy, Secretary-General of the Union of Arab Chambers. Hanafy highlighted the sector's significant impact on production, employment, investment, and exports. The Union of Arab Chambers, which operates through a vast network of chambers in 22 Arab countries and 16 joint Arab-foreign chambers globally, works to enhance Arab economic integration. Hanafy noted that these efforts have successfully attracted companies and investors, shifting perceptions of Arab markets from mere consumer hubs to strategic partners offering valuable resources, especially human capital. However, Hanafy stressed that Arab economies face challenges in adopting modern technologies, particularly transitioning to a digital economy driven by artificial intelligence. He emphasized that this transformation is not only about upgrading industries but also improving logistics, financial services, and supply chains. Arab youth, he said, are key drivers of this digital shift. Regarding the future of the private sector, Hanafy emphasized that empowering it is essential for economic success. Governments must create a business-friendly environment that fosters growth, innovation, and competitiveness. On privatization, he clarified that the focus should be on creating conditions where the private sector can thrive, not just transferring public institutions to private hands. Hanafy also praised the UAE's achievements in digital transformation, describing it as a global model that other countries, including European nations, are looking to emulate. He concluded by stressing the importance of developing solutions tailored to each country's unique economic and social landscape. News Source: Emirates News Agency
Leaders
28-01-2025
- Business
- Leaders
Arab League Secretary-General Launches Arab-Italian Business Forum in Rome
Arab League Secretary-General Ahmed Aboul Gheit officially opened the Arab-Italian Business Forum in Rome today. The event, held in partnership with the Joint Italian Arab Chamber of Commerce and the Union of Arab Chambers, aims to strengthen economic ties between the Arab world and Italy. During his opening address, Aboul Gheit stressed the importance of the forum's focus on key sectors such as energy, infrastructure, sustainable agriculture, and tourism, which are of mutual interest to both Arab and Italian stakeholders. He emphasized the forum's potential to tackle shared economic and developmental challenges, calling for enhanced dialogue to transform the relationship into a strategic partnership that benefits both regions. Related Topics : Arab-African Energy Regulators Conference 2024 Kicks Off at Arab League Headquarters Saudi Foreign Minister Participates in 162nd Arab League Session Arab League to Organize Event to Protect Palestinian Heritage Representative to Arab League Meets Counterpart of Mauritania Short link : Post Views: 68 Related Stories
