The financial crisis has left traditional exporters incapable of supplying the demand. Businessmen who visited the Brazilian stand at Cairo Fair see in the country an alternative.
Author: Randa Achmawi
Representatives of the Ministry of Social Development had three days of meetings in Cairo. The Egyptians want to use the Brazilian model to implement programmes in the area.
The UN branch believes that social actions in Brazil may provide inspiration for projects in the Arab country. Representatives of the Ministry of Social Development are in Cairo discussing the matter.
A delegation from the Ministry of Social Development is in Cairo to discuss the adoption, in the Arab country of initiatives that were successful in Brazil, like the Family Purse.
The international financial turmoil was the main topic at the meeting of Foreign Ministers held yesterday in Cairo. It was a preparatory meeting for the 2nd Summit of Arab-South American Countries.
The foreign minister of Brazil, Celso Amorim, said yesterday that the Arabs and South Americans may seek mechanisms to face the turmoil, like the creation of a biregional investment fund.
The contribution was announced yesterday by Foreign Minister Celso Amorim during an international conference for aid to Palestine, in Egypt. Losses in the territory are estimated at US$ 2.7 billion.
High-level employees of the governments of both regions discussed in Cairo the minutes of the next Summit of Arab-South American Countries, to take place in Doha, Qatar, in early April.
The government of Egypt announced a US$ 2.7 billion plan to try to stunt the foreign investment drop in the country. The funds should be turned to projects in partnership with private organisations.
The agreement between the Egyptian and German airlines is aimed at improving the quality of the services of Egyptair. The idea is to establish a new company with investment of US$ 10 million.
The strategy is aimed at reducing dependence on countries like Russia and the Ukraine. Egypt, Jordan, Syria and Iraq, as well as other nations that produce oil, should be among the suppliers.
In a meeting in Cairo, representatives of the governments of both regions discussed the declaration to be presented at the 2nd bi-regional summit, to take place in Doha, Qatar.
Diplomats from both regions discuss the declaration to be adopted in the next bi-regional summit and other cooperation initiatives.
The Egyptian minister of Trade, Rachid Mohamed Rachid, who came to Brazil in August, stated that large companies like Coteminas, Sadia, Friboi, and Copersucar are analysing investment in his country.
