logo
El-Khatib visits UAE to bolster economic ties

El-Khatib visits UAE to bolster economic ties

Zawya22-05-2025
Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib has embarked on a visit to the UAE aimed at strengthening economic relations between the two countries in various fields and at all levels, as per a statemnt.
El-Khatib is scheduled to meet with Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, to review developments in the negotiations related to the strategic partnership agreement between both nations.
He will also meet with Patrick Chalhoub, the Executive Chairman of Chalhoub Group, to explore investment opportunities in the Egyptian market.
Additionally, El-Khatib will participate in the Emerging Markets Intelligence & Research (EMIR) Center conference.
Moreover, he will meet Mahmood Alhay Alhameli, CEO of GAL, to explore areas of cooperation in key sectors, including aviation, cargo, maintenance, training, and air transport services. This aims to meet the needs of the local market as well as expand into African markets.
The minister will review the latest devenlopments in the Ras El-Hikma project, along with Abdullah Al Sahi, Managing Director of Modon Properties.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Carbon Markets Africa Summit reveals packed programme featuring continent's entire carbon markets value chain
Carbon Markets Africa Summit reveals packed programme featuring continent's entire carbon markets value chain

Zawya

time30 minutes ago

  • Zawya

Carbon Markets Africa Summit reveals packed programme featuring continent's entire carbon markets value chain

The upcoming Carbon Markets Africa Summit (CMAS) programme features the continent's entire carbon markets value chain in what is a compelling combination of successful early carbon market movers, climate-finance-ready projects, regulatory bodies as well as global institutional development organisations and investors. The event is taking place in Johannesburg from 22 to 23 October, with pre-conference sessions on 21 October. CMAS is dedicated to unlocking Africa's carbon market potential, incorporating integrity, investment and impact. The United Nations Development Programme (UNDP) and the German Agency for International Cooperation (GIZ) are official supporters of the event. Shifting global landscape Day 1's opening session will focus on the continent's pivotal opportunity to define its own carbon trajectory, attract meaningful investment and align carbon market growth with the priorities of climate resilience, equity and sustainable development. Speakers already confirmed include: - Iain Banner, Chairman, South Africa - Fenella Aouane, Global Green Growth Institute, Luxembourg - Maxwell Gomera, UNDP - Javier Manzanares, Allen Manza, Panama - Caroline Tixier, EU Delegation to South Africa - Angela Churie Kallhauge, Impact, Environmental Defence Fund, USA Aligning strategy with global agendas The session on the "Road to COP30: Aligning Africa's Carbon Strategy with Global Agendas" will look compare Africa's carbon strategy with global frameworks such as Article 6. High-level representatives from the GMEX Group, AfDBm Verra and ACMI will be part of this panel discussion. Carbon market frameworks As African countries move from climate ambition to implementation, regulatory clarity is becoming the cornerstone of carbon market development. A session titled 'Turning Policy into Action,' will explore how national frameworks are evolving post-COP29, what integration of Article 6 looks like on the ground and how public-private collaboration can drive effective execution. Strong representation from across the continent and value chain bodes for an enlightening discussion, including the UNDP, Government of Nigeria, the South African Department of Fisheries, Forestry and the Environment, Zambia's Ministry of Green Economy and Environment and Uganda Climate Change Department. The challenges with regards to integrity that carbon markets have faced will be tackled head-on during CMAS. Promethium's Principal Climate Change Advisor Olivia Tuchten will lead the panel discussion around standards, verification and market oversight with experts from Verra, Gold Standard and Anthesis. Financing Africa's carbon pipeline Day 2 of the packed CMAS programme features investor roundtables in a more intimate setting, aimed at 'Connecting Climate Capital with Scalable Carbon Solutions,' during which a select group of carbon market investors and financiers can present their funds, strategies and investment opportunities to both potential capital partners and carbon project developers. Keynote on investment Day 2's keynote session on 'Financing Africa's Carbon Pipeline: Derisking, Scaling and Innovating" will address both sides of the investment equation with participants from Shell Nature Based Solutions, Standard Bank, MIGA, AfDB and South Pole. Jonathan First, Senior Advisor at Climate Policy Initiative will also unpack the question of how to mobilise private capital for Africa's carbon markets with several financiers from TransEnergy Global, FSD Africa, the JSE and JP Morgan. Pre-conference day The CARBON 101 masterclass will provide investors, policymakers and developers with the necessary insights into the burgeoning business of carbon markets. The expert facilitators in this relatively new field will cover everything from international frameworks, African policy landscapes, credit integrity and investment fundamentals. 'Trust plays a key role' As part of CMAS 2025's mission to catalyse high-integrity, African-led carbon markets, Dominic Wilhelm, Executive Director of the Global Trust Project, will also lead a high-impact dialogue working session. 'While the current value of carbon markets as of 2023 is about $950 billion, within the next 10 years, it's going to be worth $16 trillion,' says Wilhelm. 'However, the full value chain of carbon markets is very fragmented, and it's not transparent. Therefore, the full value chain needs to rapidly come together in a high-level dialogue, in which trust plays a key role to solve some of these challenges.' VUKA Group Carbon Markets Africa Summit is organised by VUKA Group, which has more than 20 years' experience in serving the business community across Africa. Event dates and location: Dates: 21 October: Pre-summit day 22–23 October: Summit Location: Johannesburg, South Africa Distributed by APO Group on behalf of VUKA Group. Additional Information: Download the Carbon Markets Africa Summit Programme Brochure here: Contact details for Carbon Markets Africa Summit: Tailor-made partnerships: Natalie Kruger Cell: +66 (0) 65 614 8605 Email: Project Lead: Emmanuelle Nicholls Cell: +27 83 447 8410 Email: Event website:

Iraq to select global operator for Faw Port's superstructure phase
Iraq to select global operator for Faw Port's superstructure phase

Zawya

time30 minutes ago

  • Zawya

Iraq to select global operator for Faw Port's superstructure phase

The General Company for Ports of Iraq (GCPI) is preparing to select an international operator for the Al Faw Grand Port's superstructure phase, the state-owned company's director general told Iraqi News Agency (INA) on Thursday. The mega port project is located in the south of Iraq in Basra. Farhan Al-Fartousi said 11 international companies were invited to bid for the contract, adding that the contract will be awarded to the operator that best meets the port's operational and commercial needs, supported by a detailed feasibility study addressing volume and return expectations. In November 2024, Reuters had reported that the 11 shortlisted companies for the operator contract included China Merchants Port Group Co., Taiwanese container shipping line Evergreen, French shipping group CMA CGM, Switzerland's Mediterranean Shipping Company (MSC), India's Adani, Philippines-headquartered International Container Terminal Services (ICTSI), China's Cosco, and UAE-based ABM Global Shipping. Al-Fartousi said the Al Faw Grand Port's master plan has been designed to accommodate vessels with drafts up to 16.4 metres with depth reserves have been incorporated to enable further scalability. He said the Port's infrastructure phase is nearing completion, including all the announced berths and key components of the port's link road. To support safe navigation for larger vessels, Al-Fartousi said the company plans to install an integrated system of buoys and sensors. Unlike the Khor Abdullah Channel, where navigational buoys are spaced at 3 nautical miles, Faw will reduce this to 1.5–2 miles due to the port's increased traffic and draft requirements. Two towers are also set to be constructed near the breakwater to monitor environmental and navigational conditions such as wind speed, wave height, and tides. Additionally, a global vessel tracking system will be introduced to monitor and manage maritime traffic within Iraqi territorial waters. The $5 billion Phase 1 of Faw Port is scheduled to be commissioned before the end of 2025, according to an April 2025 Zawya Projects report. (Writing by Majda Muhsen; Editing by Anoop Menon)

flydubai launches AI-powered biometric smart gates
flydubai launches AI-powered biometric smart gates

Arabian Business

timean hour ago

  • Arabian Business

flydubai launches AI-powered biometric smart gates

Flydubai has introduced AI-driven smart gates for its crew members, aiming to streamline immigration procedures and enhance operational efficiency at Dubai airports. The UAE-based carrier has partnered with emaratech, a leading national technology provider, to deploy biometric border control systems at its Airport Operations Centre. The new smart gates leverage facial recognition, real-time data validation, and AI technology to create a seamless, paperless immigration experience for more than 3,800 pilots and cabin crew. Flydubai biometric smart gates This advanced digital-first solution significantly reduces immigration processing time, particularly during peak travel periods, and reflects the airline's ongoing commitment to innovation and punctuality. 'We are proud to partner with flydubai in pioneering a next-generation, paperless immigration experience,' said Thani Alzaffin, Group CEO of emaratech. 'Our biometric smart gates connect directly with both flydubai and immigration platforms for real-time identity validation, enabling a truly frictionless journey.' Thani Alzaffin, Group Chief Executive Officer of emaratech, said: 'We are proud to partner with flydubai in pioneering a next-generation, paperless immigration experience for their crew members. 'Through the integration of AI-powered facial recognition technology, our smart gates seamlessly connect with both flydubai's and immigration's platforms, enabling real-time validation and a truly frictionless journey.' The UAE-based carrier currently operates a modern fleet of 89 aircraft, serving more than135 destinations worldwide. The airline employs more than 6,400 staff, including over 1,300 pilots and 2,500 cabin crew. Mohammed Hareb AlMheiri, Chief Procurement and Technology Officer at flydubai, said: 'We always look for opportunities to harness the latest technologies that support our growth and operational efficiencies, and with the introduction of these biometric smart gates, this marks another step towards fostering a more seamless, punctual and secure operation.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store