By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
    TikTok updates its community guidelines
    March 23, 2023
    IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
    IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
    March 23, 2023
    Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
    Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
    March 23, 2023
    EFG Hermes records EGP 11bn revenue in FY22
    EFG Hermes records EGP 11bn revenue in FY22
    March 23, 2023
    Egyptian Environment Minister discusses cooperation with WFP representative in Cairo 
    Egyptian Environment Minister discusses cooperation with WFP representative in Cairo 
    March 23, 2023
  • Politics
    PoliticsShow More
    Egypt's Health Minister discuss bilateral cooperation with an Italian delegation 
    Egypt’s Health Minister discuss bilateral cooperation with an Italian delegation 
    March 23, 2023
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    March 22, 2023
    Turkish President  Recep Tayyip Erdoğan and Egypt President Abdel-Fattah Al-Sisi met in Doha
    Opinion| Türkiye and Egypt: For better times with many opportunities
    March 22, 2023
    Drought caused 43,000 deaths in Somalia in 2022: UN
    Drought caused 43,000 deaths in Somalia in 2022: UN 
    March 22, 2023
    Opinion| The Chinese dragon occupies America's place in the Middle East
    Opinion| The Chinese dragon occupies America’s place in the Middle East
    March 22, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Egypt to partake in 24th St Petersburg International Economic Forum
Share
Notification
Latest News
Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
TikTok updates its community guidelines
Business
Strong representation of women in TV series of Ramadan 2023
Strong representation of women in TV series of Ramadan 2023
Culture Cinema
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
EFG Hermes records EGP 11bn revenue in FY22
EFG Hermes records EGP 11bn revenue in FY22
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Egypt to partake in 24th St Petersburg International Economic Forum
Business

Egypt to partake in 24th St Petersburg International Economic Forum

Daily News Egypt
Last updated: 2021/06/03 at 12:37 AM
By Daily News Egypt 4 Min Read
Share
Rania Al-Mashat Minister of International Cooperation Daily News Egypt
SHARE

Egypt’s Minister of International Cooperation Rania Al-Mashat will attend the 24th St Petersburg International Economic Forum (SPIEF) in Russia, on 2-5 June, which will include bilateral meetings, plenary sessions, and high-level discussions.

For the last 24 years, the forum has been a leading global platform for the business community to discuss economic challenges faced by emerging markets, and other countries. 

This year, SPIEF is bringing together government representatives, heads of state, business leaders, and the creative community to create dialogue around the way forward. It will also involve formulating common objectives under the central theme “A Collective Reckoning of the New Global Economic Reality”. 

As a keynote speaker, Minister Al-Mashat will be taking part in a panel discussion titled “World Fairs and International Cooperation as a Driver of Sustainable Global Development”, to discuss globalisation, technology, and Egypt’s progress in sustainable development.  

Last year, Egypt was singled out for its sound policy choices and partnerships that supported economic growth, despite the challenges posed by the novel coronavirus (COVID-19) pandemic.  

In accordance with the theme posed by SPIEF that emphasises a new global economic reality, the world order has shifted to embrace global cooperation and multilateralism. 

In another panel on Russian-African relations, Minister Al-Mashat will discuss business opportunities, economic partnerships, trade, and cooperation strategies in Africa.  

Held in October 2019 in Sochi, Russia, the first Russian-African Summit and Economic Forum was co-chaired by the Russian President Vladimir Putin and Egypt’s Abdel Fattah Al-Sisi, acting chair of the African Union (AU) at the time. 

The forum aided in developing economic investment and trade relations between Russia and Africa, allowing for diversified opportunities in Russian-African cooperation. The Egyptian cooperation Africa includes various sectors such as transportation, water, irrigation, construction, electricity, and energy. 

On the sidelines of the forum, Minister Al-Mashat will also be holding bilateral meetings with: Russia’s Minister of Economic Development, Maxim Reshetnikov; Minister of Industry and Trade, Denis Manturov; alongside Sergey Stolyarov, CEO Russian Railways International (RZD); and Sergey Pavlov, First deputy CEO JSC Russian Railways. 

These meetings aim to strengthen bilateral relations between Egypt and Russia on several fronts, including trade and investment. 

A comprehensive partnership and strategic cooperation agreement was signed between Egypt and Russia in October 2018, and entered into force in January 2021.  

Egypt and Russia share a portfolio of bilateral cooperation that includes tourism, culture, electricity, energy and petroleum, including various projects such as the Dabaa Nuclear Power Plant project. 

In the transportation sector, Russia has supported Egypt by supplying and manufacturing over 1,000 railway vehicles. 

The two countries also signed a 50-year agreement that will establish a Russian Industrial Zone in the Suez Canal Economic Zone (SCZone). This is in addition to attracting over $7bn of investment and creating 35,000 jobs. 

In terms of trade, Egypt is Russia’s top partner in Africa, holding 83% of its African trade volume and 33% of its overall trade volume with Arab countries. 

This year’s SPIEF taps on several areas such as international partnerships to advance national development targets, and to capitalise on new technologies in response to global challenges. The forum aims to start strategic conversations where countries can learn from one another, fostering global economic growth and stability in emerging markets. 

You Might Also Like

TikTok updates its community guidelines

IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses

Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023

EFG Hermes records EGP 11bn revenue in FY22

Egyptian Environment Minister discusses cooperation with WFP representative in Cairo 

TAGGED: Petersburg, St Petersburg International Economic Forum
Share this Article
Facebook Twitter Email Print
Previous Article JICA celebrates 80% completion at Egypt’s El Atf, Sidi Krir power plants upgrade
Next Article Integrated Diagnostics Holdings sees revenues rise 19% y-o-y to EGP 2,656m in revenues IDH aims to expand through acquisitions in several emerging markets: Chairperson
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
TikTok updates its community guidelines
Business
Strong representation of women in TV series of Ramadan 2023
Strong representation of women in TV series of Ramadan 2023
Culture Cinema
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?