14:39
cairo, gmt + 2
30 November
Saturday, 2024
Sat, 30 Nov 2024 - 11:45 GMT
Egyptian Minister of Agriculture and Land Reclamation Alaa Farouk, met with Brik Aren, Director General of the Islamic Organization for Food Security (IOFS), and discussed prospects for joint cooperation between the ministry and the organization during the coming period.
The launch of this service marks a pivotal moment in Egypt's strategy to become a regional logistics and transportation hub linking Europe and Africa.
According to the finance minister, both countries are eager to leverage their long-standing historical ties to address global economic challenges and advance their shared goals of sustainable development.
The meeting highlighted a shared commitment to enhancing trade relations and fostering new avenues for collaboration, with both leaders emphasizing the importance of joint ventures and investments.
Thursday trading saw 707.09 million shares exchanged over 80,135 trades, totaling a turnover of LE 2.516 billion.
El-Din underlined that the facility's production of flat and photovoltaic glass, which is used in solar panel manufacturing, will support the growth of renewable energy industries.
A delegation from Belchem is set to visit Egypt to advance the project.
With an investment surpassing LE 850 million, the project aims to promote industrial localization by relying entirely on locally sourced raw materials and production inputs, ensuring that 100 percent of the components are domestically produced.
Within the framework of Egypt’s goal to increase its total exports to $140-145 billion by 2030, the Chemicals and Fertilizers Export Council is planning a series of trade missions in 2025 to boost the country’s exports and strengthen its position in international markets
Talks centered on enhancing economic ties between Egypt and Saudi Arabia, exploring joint investment projects, and evaluating the positive impact of their bilateral investment agreement.
Omar Talat Moustafa was elected president of the Egyptian Golf Federation by acclamation, the federation announced. His election, along with the entire board of directors, occurred at the federation’s general assembly meeting. The new board’s term runs from 2024 to 2028.
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