Business news wrap-up



Sun, 03 Sep 2017 - 06:13 GMT


Sun, 03 Sep 2017 - 06:13 GMT

Economy - Pixabay

Economy - Pixabay

9th BRICS Summit kicks off in China today

The 9th BRICS Summit 2017 kicked off on Sunday in the Chinese port city of Xiamen with the participation of President Abdel Fattah El Sisi of Egypt for the first time ever.

China's Xi says BRICS must promote open world economy

The BRICS group of emerging economies must promote trade liberalisation and an open world economy, Chinese President Xi Jinping said at a business meeting on Sunday at the start of a three-day summit being held in southeastern China.

Egypt placed among world’s 21 most powerful economies in 2030

Egypt is ranked among the world’s 21 most powerful economies in 2030, according to British newspaper the Independent, citing a report by global accounting firm PricewaterhouseCoopers (PwC) published earlier this year.

China invests $11.2B in Egypt’s New Administrative Capital

The Chinese investments in the New Administrative Capital included $3.2 billion invested in the second phase of the project, Osama Magdoub, Egypt’s Ambassador to China said Sunday.

Moreover, investments worth $8 billion will be implemented in the new capital over the next 10 years.

Two significant agreements to be signed between Egypt, China

The first will be for the funding of the electric train project between Salam City and the New Administrative Capital, while the second will entail the establishment of Egypt’s second satellite “Egypt Sat 2”.

Egypt seeks to promote tourism at China-Arab States Expo

Egypt, represented in the Tourism Development Authority, is participating in the 2017 China-Arab States Expo as a guest of honor. There, it will highlight its tourist products and promote the country’s tourist destinations.

INFOGRAPH: Facts, figures about BRICS

An infograph that shows some facts and figures about this group of emerging economies.

UK trade delegation in Cairo this month to boost investments

A high-level British trade delegation, led by UK trade envoy to Egypt Jeffrey Donaldson, will visit Cairo this month to discuss pumping more investments in various sectors in Egypt.



Leave a Comment

Be Social