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FinancialNews
22-09-22
Qatar, Egypt joint exchange increases 50 percent to reach USD65.6M in 2021
(MENAFN) Egyptian Minister of Trade and Industry H E Dr Ahmed Samir lately had a gathering with Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani on the offshoots of the Arab Labour meeting which is being hosted in the capital of Egypt.
The conference was joined by Dr Alaa Ezz, the Secretary General of the Federation of Egyptian Chambers of Commerce (FEDCOC) in addition to Minister Plenipotentiary Trade Yahya Al Wathiq Billah, chief of the Commercial Representation Authority.
The gathering talked about earnings of improving financial and investment ties among Qatar and Egypt and the role of private area in reinforcing commercial ties among the two brotherly nations.
While giving his speech at the gathering, Sheikh Khalifa highlighted that the two nations have established long-lasting ties, mainly in the commercial sectors which saw important improvement, pointing out that both nations’ trade exchange reached QR239m (USD65.6 million) in 2021 in comparison with QR159m (USD43.6 million) in the year before (2020), a surge of 50 percent, in hope that both nations’ exchange would come back to its rate before 2017.
MENAFN22092022000045014228ID1104905777
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