Business

   by Fatima Badawi Malaysia’s Deputy Minister of Investment, Trade, and Industry, Liow Chin Tong, has announced a significant economic milestone. Between 2022 and 2023, the country approved 898 foreign investment projects valued at 281.5 billion Malaysian ringgit, equivalent to approximately US$59.4 billion, in the manufacturing and services sectors. Tong highlighted that these investments resulted in the creation of 98,725…

  The Chinese State Construction Engineering Corporation (CSCEC) recently hosted an Open Day event under the theme “Witnessing Happiness – Building a Better Future.” Held at the company’s headquarters, the event aimed to strengthen relations, enhance the brand image, and deepen Sino-Egyptian friendship. Attendees had the opportunity to share their stories about China, emphasizing the quality of collaborative construction projects…

  On March 10th, the Japanese Ambassador, Mr. Oka, embarked on a visit to the Egyptian Petroleum Research Institute, where fruitful discussions and exchanges took place with researchers, notably Professor Mahmoud Ramzy, the acting director of the institute. During the visit, Ambassador Oka conducted a thorough inspection of the institute’s facilities and centers. It is worth mentioning that the Petroleum…

by: Fatima Badawi Qatar National Bank (QNB) has forecasted modest growth and weak performance for global trade in 2024, attributed to the modest recovery in the manufacturing sector, increasing trade barriers, and slowing investments in emerging markets. According to the bank’s weekly report, global trade serves as a direct indicator of the state of the global economy, reflecting consumer appetite…

by: Fatima Badawi The Qatar Financial Center Authority, the legal and tax arm of the Qatar Financial Center, has recently signed a memorandum of understanding with the Chartered Institute for Securities and Investment (CISI), a prestigious British institution specializing in securities and investment. This collaboration aims to enhance the skills of the workforce within the Qatar Financial Center and the…

El Sewedy Electric Company, a leading player in the electrical engineering and manufacturing sector, has reported a remarkable increase in profits for the past year. The company’s consolidated financial statements revealed a surge of 93.55% in profits on a yearly basis, showcasing its robust performance in a challenging economic landscape. Corporate Profile: Founded in 1938 by Ahmed El Sewedy, El…

Qatar, a significant player in the energy market, has adjusted the price of Shahine Crude for May loading, according to reports from trading sources on Friday. This move follows the sale of two shipments through its monthly tender. The sources revealed that the price of Shahine Crude for loading in May has been set with a premium of $1.47 per…

    By Fatima Badawi Indonesian Vice President Ma’ruf Amin urged for the improvement of public services and exceptional efforts to attract investment and create a favorable business environment in Indonesia. During the launch of the Indonesian Ombudsman’s 2023 annual report in Jakarta, Amin stated, “Enhancing the quality of public services is a fundamental factor in attracting investment and fostering…

  by: Fatima Badawi An online meeting of the Special Working Group of the Conference on Interaction and Confidence-Building Measures in Asia (CICA) was held under the chairmanship of Talgat Kaliyev, Ambassador at the Ministry of Foreign Affairs of Kazakhstan, according to Kazinform news agency. The press service of the Kazakh Ministry of Foreign Affairs reported. During the meeting, member…