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13.9% increase in value of Egyptian imports from East Asian countries in 2015

The Central Agency for Public Mobilization and Statistics (CAPMAS) recently issued its annual bulletin of trade exchange between Egypt and East Asian countries for 2015, including export and import statistics from Malaysia, China, India, Japan, Indonesia, Pakistan and South Korea The total value of imports from East Asian countries reached EGP 151.6bn in 2015 versus …

Hossam Mounir

Aikido alive and thriving in Egypt

The Heliopolis Sporting Club (HSC) celebrated “Aikido Day” last week, featuring demonstration bouts by skilled Egyptian practitioners. HSC celebrates Aikido day every month, and invites other practitioners from different clubs to promote the martial art. Aikido is a modern Japanese martial art that utilises and redirects an opponent’s momentum. In attendance were several members of …

Maya Nawar

International Cooperation Ministry signs $396m funding agreement with Japan to develop electricity sector

  International Cooperation Minister Sahar Nasr and Japan’s ambassador to Egypt Takehiro Kagawa signed a $396m funding agreement for the electricity sector rehabilitation project. Egyptian Electricity Holding Company chairperson Gaber Desouky, representing Egypt, and Teruyuki Ito, the chief representative of the JICA Egypt office, signed the executive agreement for the project. Nasr said that the …

Daily News Egypt

$460m loan from Japan to finance construction of Grand Egyptian Museum

Minister of International Cooperation Sahar Nasr and Japanese ambassador to Egypt Takehiro Kagawa signed on Monday a $460m loan to finance the second phase of the Grand Egyptian Museum. Minister of Antiquities Khaled El-Anany also signed the loan agreement for the project with Teruyuki Ito, chief representative of the Japan International Cooperation Agency (JICA). Nasr …

Hisham Salah

China and Japan take a trip to Cuba

In the next few days, the prime ministers of Japan and China will visit Havana to talk about trade and investment. The two countries hope to gain a foothold in a market that is still off- limits to US companies.

Deutsche Welle

Japan exports tank on stronger yen

Japanese shipments abroad have fallen considerably, the government has said in its latest report on trade activity in the world’s third-largest economy. The strong national currency remains a headache.

Deutsche Welle

Japan promises huge stimulus package

The Japanese government has said it’ll compile a huge stimulus package to kickstart the Asian country’s flagging economy. The announcement put more pressure on the Bank of Japan to increase monetary easing.

Deutsche Welle

Line messenger app shares soar in IPO

Priced high to begin with, Line shares shot up even further in value in its first day of trading. The chat app’s emojis have made it a hit in Asia, and investors seem confident that it’s success will spread.

Deutsche Welle