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Feature: Ambassadors of MERCOSUR Celebrate 33rd Anniversary in Cairo
Feature: Ambassadors of MERCOSUR Celebrate 33rd Anniversary in Cairo
In the hospitality of the Embassy of Argentina at its new headquarters in Dokki, ambassadors from Brazil, Argentina, and Paraguay came together to celebrate the 33rd anniversary of the establishment of the Common Market of the Southern Cone (MERCOSUR). This gathering highlighted the enduring spirit of cooperation and integration among member states. Founded in 1991 by Argentina, Brazil, Paraguay,…
MERCOSUR: Fostering Economic Integration and Cooperation in South America
MERCOSUR: Fostering Economic Integration and Cooperation in South America
MERCOSUR, short for the Southern Common Market, stands as a beacon of economic integration and cooperation in South America. Established in 1991 with the signing of the Treaty of Asunción by Argentina, Brazil, Paraguay, and Uruguay, MERCOSUR aims to promote free trade and closer economic ties among its member states. MERCOSUR, which stands for Mercado Común del Sur in…
E-waste is increasing five times faster than documented e-waste recycling: Global E-waste Monitor
E-waste is increasing five times faster than documented e-waste recycling: Global E-waste Monitor
GENEVA, 23rd March, 2024 (WAM) — Global e-waste generation is increasing five times faster than documented e-waste recycling, the United Nations’ fourth Global E-Waste Monitor (GEM) has revealed. The 62 million tons of e-waste generated in 2022 would fill 1.55 million 40-ton trucks, which is roughly enough trucks to form a bumper-to-bumper encircling the equator, according to the International Telecommunications…
Malaysia Attracts US$59.4 Billion in Foreign Investment Since 2022
Malaysia Attracts US$59.4 Billion in Foreign Investment Since 2022
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…
Open Day: Witnessing Happiness – Building a Better Future at the CSCEC Headquarters
Open Day: Witnessing Happiness – Building a Better Future at the CSCEC Headquarters
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…
Japan and Egypt Forge Ahead in Oil and Gas Research and Development Cooperation
Japan and Egypt Forge Ahead in Oil and Gas Research and Development Cooperation
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…
Qatar National Bank Anticipates Weak Growth in Global Trade in 2024
Qatar National Bank Anticipates Weak Growth in Global Trade in 2024
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…
Qatar Financial Center Signs Memorandum of Understanding with Chartered Institute for Securities and Investment
Qatar Financial Center Signs Memorandum of Understanding with Chartered Institute for Securities and Investment
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 Sees Surge in Profits: A Corporate Profile
El Sewedy Electric Company Sees Surge in Profits: A Corporate Profile
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 Raises Shahine Crude Price for May Loading
Qatar Raises Shahine Crude Price for May Loading
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…