Search Result for : Egypt

The Dollar Business Bureau India’s Ambassador Sanjay Bhattacharya and Egypt’s Minister for Supply and Internal Trade Supply, Ali El Moselhy, met and discussed various ways to expand trade and reaffirmed that the bilateral relations between the two countries were ‘very strong’. "Last year, India and Egypt had concluded a G to G (government to government) agreement for supply of rice to Egypt at a friendship price," India's Ambassador to Egypt Sanjay Bhattacharyya said. In May this year, Egypt contracted to import 20,000 tonnes of Indian rice though Egypt is a ‘traditional rice exporter’. According to United States Department of Agriculture, Egypt’s rice paddy production was estimated to be 5.1 million metric tonnes while its annual consumption is about 3.95 million metric tonnes. The ...

The Dollar Business Bureau Credit rating agency S&P Global Ratings on Wednesday lowered the credit rating of Qatar by one level to AA- and put the country on a watch on concerns of further downgrading after four Gulf Arab nations severed ties with Doha.   “We believe this will exacerbate Qatar's external vulnerabilities and could put pressure on economic growth and fiscal metrics,” S&P Global said.  Saudi Arabia, Bahrain, Egypt and the UAE on Monday announced that they were severing diplomatic relations and closing air, land and sea links with Doha.   Saudi Arabia and its allies alleged that Qatar is providing support to extremist groups and serving the interests of Riyadh’s regional rival Iran, claims which Doha has strongly declined.   “At this ...

The Dollar Business Bureau Coffee exports from India recorded a growth of 11.5% year-on-year in April this fiscal on account of robust demand in the world markets. The country exported $92.42 million worth of coffee during the month. The country’s shipment of coffee stood at $82.88 million in the same month last year, as per the data by Ministry of Commerce. In terms of rupee, the exports witnessed a growth of 8.22% at Rs.596.17 crore in the given month. India primarily exports Arabica and Robusta varieties of the commodity, in addition to instant coffee. The country’s key export destinations are Belgium, Italy, Greece, Germany, Spain and Switzerland. Coffee is one of the world’s most extensively traded agriculture commodities. India’s share is around 4.5% in the overall ...

PTI The UK today imposed a ban on carrying laptops as part of cabin baggage on Britain-bound passenger flights from six Muslim-majority countries, hours after US introduced a similar move citing terrorism concerns. The ban will cover around 14 airlines that operate direct flights from largely Muslim countries Turkey, Lebanon, Jordan, Egypt, Tunisia, Saudi Arabia. The UK restrictions also apply to tablets, DVD players and phones over certain size. "Direct flights to the UK from these destinations can continue to operate to the UK subject to new measures being in place. Travellers are advised to keep up-to-date with the latest FCO [Foreign and Commonwealth Office] travel advice and to check online with their chosen airline for further information," a UK government spokesperson ...

Manishika Miglani “India is a market that needs to reposition itself in the backdrop of challenges faced by the MSME sector due to globalisation 2.0,” said Surendra Nath Tripathi, Additional Secretary & Development Commissioner, Government of India while addressing the 13th Global SME Summit 2016 organised by Confederation of Indian Industry (CII) in New Delhi. According to Tripathi, the ministry is looking at making MSMEs globally competitive with the ongoing steps that the Govt is taking in ease of doing business and also with the implementation of the Goods and Services Tax (GST). The latter will specifically be a key enabler for smaller enterprises which need to enhance their business competitiveness by a simplified taxation system. The conference was also addressed by Giriraj Singh, ...

The Dollar Business Bureau Sanjay Bhattacharya, Indian ambassador to Egypt, met with Egypt’s Minister of International Cooperation Sahar Nasr and Minister of Social Solidarity Ghada Wali last week. India and Egypt have a close partnership in various fields and are envisaging to expand into new areas of cooperation. “India and Egypt have a very close partnerships in various fronts and we want to expand our agenda which will include the possibility of new cooperation opportunities,” Sanjay Bhattacharya told the media. He was speaking to the media after meeting the Egyptian Minister of Social Solidarity recently. India had extended its collaboration in achieving two large developmental projects; the solar project and the vocational training project in Egypt. The success of both the projects has made Egypt ...

The Dollar Business For centuries, India and Egypt have shared strong political and cultural ties. They will now work towards enhancement of trade and investments. On the sidelines of the seminar on “India by the Nile” cultural fest, held in Cairo, India invited Egypt to invest in its rapidly expanding economy. Indian Ambassador to Egypt Sanjay Bhattacharyya stressed on the significance of working towards trade and investment in the world of economics. The seminar decoded that the Make in India initiative aims to transform the country into a manufacturer’s hub for innovations, producing eco-friendly, low cost products with no defects. And these efforts paid results. The country bagged huge investments from across the globe attracting investors, buyers and partners. The Make in India initiative, ...

The Dollar Business Bureau   In order to expand its manufacturing prowess, Dabur India Ltd is going to invest around Rs 500 crore this year. This comprises an amount of Rs 250 crore to establish a new manufacturing unit in Assam, for healthcare and personal products. The company said that its board on Thursday approved an investment of Rs 250 crore to set up a manufacturing unit at Tezpur, Assam, in order to meet the increasing demand for its products. The unit is expected to start the operations in 2017. The company will also use a portion of the investment to upgrade the capabilities of its facilities abroad. With 20 manufacturing units, Dabur operates 12 in India and the remaining in countries like Nepal, ...