UAE boosts trade ties with Egypt, Czech Republic

Wednesday, 30 March 2016 09:18

The UAE is looking to step up economic and trade cooperation with Egypt and the Czech Republic, the Emirates' economy minister has said. His Excellency Sultan bin Saeed Al Mansouri has called for promoting investment opportunities in Egypt especially in sectors including aviation, tourism and logistics. According to WAM, the building of the New Suez Canal, recent discoveries of huge gas fields and a significant skilled labour market are key areas driving partnerships among organisations in the two countries. The minister also noted that the Czech Republic is a promising investment destination due to its welcoming environment. Some 50,000 Czechs visit the UAE annually, while around 2,000 live and work in the country.

More from Business

H.H. Sheikh Hamdan reaffirms Dubai’s focus on enhancing economic resilience

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has reaffirmed that strengthening the resilience of Dubai’s economy remains a key priority to keep pace with global economic trends.
UAE's AD Ports acquires Brazilian bulk port operator for over AED 3 billion

AD Ports Group has acquired Corredor Logística e Infraestrutura (CLI), Brazil’s leading independent agri-bulk port terminal operator, entering the South American market with a strategically major expansion transaction.
General Mills to sell Haagen-Dazs ice-cream shops in mainland China

General Mills has announced it will sell its Haagen-Dazs ice-cream shops in mainland China to an investor group that includes local tea chain operator Ningji, as part of a strategy to focus on businesses with stronger profit growth.
Dubai Taxi Company targets Ajman expansion through new partnership

Dubai Taxi Company has signed a memorandum of understanding with Ajman-based AJ Industries to explore a strategic partnership aimed at expanding mobility services across the emirate.