United Arab Emirates to launch spacecraft to moon in 2024    UN says Libyan rivals have restarted military talks in Egypt    Liverpool coach Klopp bristles at Keane's 'sloppy' criticism after Arsenal win    Thiago to miss Liverpool's next two games: Klopp    Genoa say 14 team members and staff have tested positive for COVID-19    Amnesty Int'l halts India operations, citing gov't reprisals    Kenya extends COVID curfew for 2 months but reduces hours    Merkel says German coronavirus infections could hit 19,200 a day: Source    Morocco faces down COVID spread with tough rules    Ethiopian PM says Addis Ababa has 'no intention of harming' Egypt, Sudan with GERD    Egypt's Assiut, Sohag int'l airports receive first Saudi Airlines flights since resumption of air traffic    Egypt's central banks cuts interest rates by 50 bps    'It's important to show our ingenuity': Nigerian collector promotes local artistic heritage amidst Black Lives Matter    EgyptAir receives 11th Airbus A220-300 from Canada    3 policemen, 4 prisoners killed in Cairo jailbreak attempt    Last-minute bids    Wust El Balad band gives a concert at the Fountain theatre    Khan Almaghraby gallery group exhibition is a must go    Egyptian insurance companies' premiums 9.6% up in five months    Egypt's President Sisi names new head of anti-corruption watchdog    Egypt's c.bank offers 18 bln pounds T-bills on Sunday    EgyptAir offering discounts for some international flights    Egypt records 212 new coronavirus cases, 14 deaths on Saturday    Egypt to require PCR coronavirus tests for airport travelers    Egypt sends 125 tonnes of glass by sea to Beirut    Legend Messi officially wants to leave Barcelona, hands transfer request    Global smartphone sales drop 20% in Q2, yet Apple's iPhone sales steady    Sisi: Egypt keen on establishing development projects with Iraq, Jordan    Egyptian megastar Amr Diab releases new hit music video    Making of Harry Potter will be available for fans at new park in Tokyo    Egypt's Senate elections official results to be announced Wednesday    Netflix Egypt is bringing megastar Amr Diab back with a new original    Egypt reopens Rafah border crossing for first time since April    Egypt's senate elections 2020 trending on social media in few days    African Champions League final will be played on Oct. 16-17, CAF says    No room to delay Egyptian Premier League games – EFA's board member    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Volume of non-oil trade exchange between Egypt, UAE reached 24.5 billion dollars within 5 years: UAE economy minister
Published in Ahram Online on 14 - 11 - 2019

UAE Economy Minister Sultan bin Saeed al Mansouri said on Thursday that the volume of non-oil trade exchange between Egypt and the UAE reached 89.5 billion dirhams (24.5 billion dollars) within the past five years.
This reflects the strength of strategic partnership between both countries in all the different domains, Mansouri said in an interview to WAM during the current visit of Egyptian President Abdel Fattah El Sisi to the UAE.
The UAE comes first among the countries investing in Egypt with total direct investments of 24.3 billion dirhams until the end of 2018, he said.
The UAE investments in Egypt are in a number of pivotal sectors including the sectors of finance, banking, communication, information technology, real estate, oil, tourism, pharmaceuticals, agriculture, insurance, ports and aviation, Mansouri added.
Egypt comes in the 28th rank among the countries investing in the UAE with a total direct investment of 3.3 billion dirhams until early in 2018.
The bilateral non-oil foreign trade between Egypt and the UAE achieved positive growth within the past five years, said Mansouri.
There are several promising investment opportunities between both countries to upgrade the volume of current partnerships in the different sectors, he said.
On aviation trips and tourism exchange, Mansouri said that the number of flights of the national aviation companies reached 80 flights per week operated to Egypt.
He asserted the depth of brotherly ties binding Egypt and the UAE in the political, military, economic, cultural and social domains.


Clic here to read the story from its source.