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Ministry of Environment Discusses Aquaculture Sector Investment with 60 Chinese Companies

Global Investment Promotion Conference was held in the Chinese city of Shenzhen - SPA
Global Investment Promotion Conference was held in the Chinese city of Shenzhen - SPA
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Ministry of Environment Discusses Aquaculture Sector Investment with 60 Chinese Companies

Global Investment Promotion Conference was held in the Chinese city of Shenzhen - SPA
Global Investment Promotion Conference was held in the Chinese city of Shenzhen - SPA

The Ministry of Environment, Water and Agriculture discussed ways to enhance investments between the Kingdom and China in the aquaculture sector with representatives of more than 60 specialized Chinese companies.

The discussions came during the participation of the ministry’s delegation -- represented by the National Fisheries Development Program -- in the Global Investment Promotion Conference, which was held in the Chinese city of Shenzhen.

The conference seeks showcasing the investment opportunities in the Kingdom’s aquaculture sector, discussing the development of investment opportunities, and enhancing expertise exchange between the two countries, SPA reported.

During the conference, the two sides discussed investment opportunities, improving investment relations between the two countries, enhancing efforts to develop economic and investment ties between the Kingdom and China.

They also reviewed chances of developing quality investments, and enabling the private sector to benefit from investment opportunities in the two countries.

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Egypt Inflation Unexpectedly Quickens to 26.2% in August

An aerial view shows a motorway in Egypt's capital Cairo on September 9, 2024. (Photo by AFP)
An aerial view shows a motorway in Egypt's capital Cairo on September 9, 2024. (Photo by AFP)
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Egypt Inflation Unexpectedly Quickens to 26.2% in August

An aerial view shows a motorway in Egypt's capital Cairo on September 9, 2024. (Photo by AFP)
An aerial view shows a motorway in Egypt's capital Cairo on September 9, 2024. (Photo by AFP)

Egypt's annual urban consumer price inflation rate unexpectedly accelerated to 26.2% in August from 25.7% in July, data from statistics agency CAPMAS showed on Tuesday.
Month-on-month, prices jumped by 2.1%, speeding up from a 0.4% rise in July. Food prices climbed by 1.8% in August after having eased by 0.3% in July and were 29.0% higher than a year ago.
A poll of 19 analysts had expected August urban inflation to ease to a median of 25.1%.
Sara Saada of CI Capital was one of the few analysts who had predicted inflation would accelerate.
"We expected this, as the August reading reflects energy price hikes that were announced in the last week of July. This included diesel, that has a broad-based effect," she said, speaking to Reuters after the figure was announced.
Prices rose over the last month due to higher summer produce prices, fuel hikes of 10-15% near the end of July, a 25-33% jump in metro tickets at the beginning of August and a 21-31% increase in electricity tariffs, partly in August.
Inflation had been declining gradually from September's record high of 38.0%, turning the central bank's real overnight borrowing rate, at 27.25%, positive in July for the first time since January 2022.