Magdy Tawfiq, First Deputy Head of the Perfumery Division at the Cairo Chamber of Commerce, said that the turnout movement is witnessing an increase in demand during the current period by 70%, especially with the approaching month of Ramadan. He explained in exclusive statements to “Amwal Al-Ghad” that the movement of sales of Ramadan goods […].
The Central Bank of Egypt expected that annual inflation will continue to record single rates during the coming period, with the possibility that it will be mathematically affected by the negative impact of the base year related to the return of monthly general inflation rates to their normal levels in 2021. According to the monetary […].
A new Spanish study warns that a more fierce pandemic will threaten the world after the termination of the Coronavirus (COVID-19). The authors of the study urge the concerned authorities to take care and introduce suitable measurements to confront the upcoming threat. The study was prepared by experts in many fields at the Barcelona […].
On Tuesday, North Korea announced it will not take part in the Tokyo Olympics this year, claiming the decision is to protect its athletes from coronavirus pandemic. According to an official statement by North Korea’s sports minister Kim Il guk, the minister reviled “North Korea’s Olympic committee decided not to join the 32nd Olympics Games […].
Ynet: Israel, UAE Sign New Trade Agreement
Ynet, an Israeli news website, has revealed that the Dubai Foreign Direct Investment (FDI) in the United Arab Emirates (UAE) and the Federation of Industrialists in Israel have signed a new trade agreement.
The Israeli website added the volume of trade between the Emirati and Israeli sides is estimated at 14 billion Shekels (14 billion UAE Dirhams).
During the months from September 2020 through January 2021, the Israeli and Emirati foundation signed trade treaties of 1 billion shekels.
On his part, Ron Tomer, chairman of the Federation of “Israeli Industrialists”, said that the new treaty aims at creating a long-range partnership between the two sides to help develop trade and economy in the region.