Egypt planning new investments with Qatar, says minister

Egyptian Minister of Trade and Industry Nevin Gamea. (Twitter Photo)
Short Url
Updated 22 June 2022
Follow

Egypt planning new investments with Qatar, says minister

  • Cairo, Doha launch joint business council to strengthen economic relations
  • Egyptian minister Nevin Gamea said that she had floated a proposal for an Egyptian exhibition in Doha

CAIRO: Egypt and Qatar are holding talks to expand investments in new areas and increase their volume, especially in the energy sector, said Egyptian Minister of Trade and Industry Nevin Gamea.

During her participation in the Qatar Economic Forum in Doha, Gamea said: “During my current visit to Doha, I presented investment opportunities to the Qatari side in the field of manufacturing industries, specialized industries, textiles and leather industries as a kind of partnership between the two sides.”

She added: “There is communication between the two sides to create the climate for opening the capital of Egyptian companies to the Qatari business sector.”

Gamea said that current Qatari investments are focused on real estate, hotels and tourism, noting that there is a common desire to enhance these investments to reflect the good relations between Qatar and Egypt.

The minister met with officials in the Free Zones Authority, the Qatar Investment Authority and the Qatari Businessmen Association.

Gamea also revealed plans to launch a joint business council between the two countries, which will consist of businessmen strengthening relations in economy, investment and trade.

The Egyptian minister said that she had floated a proposal for an Egyptian exhibition in Doha to sell products in Qatar with the Qatari Minister of Commerce and Industry Mohammed bin Hamad bin Qassim Al Thani and the Qatari Businessmen Association.

Gamea said: “This will contribute to increasing the volume of trade exchange between the two countries, which is modest and does not rise to the size of the relations between the two countries. Therefore, there is interest on both sides to increase trade exchange by searching for new opportunities and prospects for cooperation in this aspect.”


Iran FM criticizes Israel for ‘doctrine of domination’

Updated 19 min 38 sec ago
Follow

Iran FM criticizes Israel for ‘doctrine of domination’

  • Doctrine allows Israel to expand its military arsenal while pressuring other countries in the region to disarm
  • His remarks came a day after renewed nuclear talks with Washington in Oman

DOHA: Iran’s Foreign Minister Abbas Araghchi on Saturday criticized what he said was a “doctrine of domination” that allows Israel to expand its military arsenal while pressuring other countries in the region to disarm.
His remarks came a day after renewed nuclear talks with Washington, with previous talks collapsing when Israel launched an unprecedented bombing campaign against Iran last June that triggered a 12-day war.
Araghchi was speaking at the Al Jazeera Forum conference in Qatar but made no reference to Friday’s talks with the United States.
“Israel’s expansionist project requires that neighboring countries be weakened: militarily, technologically, economically and socially,” Araghchi said.
“Under this project Israel is free to expand its military arsenal without limits ... Yet other countries are demanded to disarm. Others are pressured to reduce defensive capacity. Others are punished for scientific progress,” he added.
“This is a doctrine of domination.”
During the 12-day war Israel targeted senior Iranian military officials, nuclear scientists and sites as well as residential areas, with the US later launching its own attacks on key nuclear facilities.
Iran responded at the time with drone and missile attacks on Israel, as well as by targeting the largest US military base in the Middle East, located in Qatar.
On Friday, Araghchi led the Iranian delegation in indirect nuclear talks with US Middle East envoy Steve Witkoff in Muscat.
The top Iranian diplomat later described the atmosphere as having been “very positive,” while US President Donald Trump said the talks were “very good,” with both sides agreeing to proceed with further negotiations.
The talks followed threats from Washington and its recent deployment of an aircraft carrier group to the region following Iran’s deadly crackdown on anti-government protests last month.
The United States has sought to address Iran’s ballistic missile program and its support for militant groups in the region — issues which Israel has pushed to include in the talks, according to media reports.
Tehran has repeatedly rejected expanding the scope of negotiations beyond the nuclear issue.