There is no need to argue on Saudi Arabia and Iran as the two biggest regional powers in the Gulf, the rising tension between the two countries who are engaged in proxy wars in Syria, Yemen, Iraq and somehow Bahrein had installed a climate of Cold War.2.
How did we get there?
Saudi Arabia existed since 1932 as a Sunni country and the birthplace of Islam. Its history of creation is so unique, mesmerizing and fascinating.
Iran, has a glorious past, with various empires that conquered the Arab-Islamic world at certain period of time.
While the Shah was in power, Iran’s relations with the Arab Gulf States were normalized, Iran’s navy used to act as the policeman of the gulf. The situation has changed when the Iranian Islamic revolution occurred in 1979, with consequences on both countries and on their relationships. Iran’s Ayatollah wanted to export their respective model and undermine Saudi Arabia that Iranian officials see as corrupt and unworthy due to its relation with the United States and the West. The Shia country is also supporting Shia communities in the Gulf which is seen as a direct threat to Saudi Arabia.
Not only the leaders of the Iranian revolution see Saudi Arabia as a corrupt country, but they also see them as treacherous and disloyal. The reason behind is more than a Shia-Sunni rivalry; it is important to contextualize the order before the Islamic revolution; an oil embargo was occurring in the world where Iran’s leaders wanted to stop selling oil to Western powers. They called upon Saudi Arabia to do the same in retaliation toward countries who helped Israel in the « Yom Kippur War », but Saudi Arabia didn’t stop selling its oil, and decided to increase the price of the barrel to destabilize the economy of the Western countries that helped Israel, without disturbing their strategic alliance with the United States.
Today, the relationship between the two countries is delayed.
The succession of events from 2011 where Iran wants to seize the opportunity of a possible vacuum of power during the Arab Spring, by supporting the Shia protests that erupted in Bahrein and the idea of a Shia Islamic republic, has proved the ability of Saudi Arabia and the GCC to sends its troops into Bahrain. Was it a symbolic gesture, or a warning for Tehran?
Then it cames to Yemen, Iraq and Syria, where today Saudi Arabia and Iran are engaged in a proxy war. The Iranian Nuclear deal with the P5+1, the uncontrolled situation in Yemen, the Hajj crush where Iran claimed more than 400 dead citizens, The execution of 27 Sunnis by the Iranians, the execution of Nimr al Nimr (a Shia Sheikh) by the Saudis, the attack of the Saudi Embassy in Tehran, then the cuts of the diplomatic ties between the two countries, and the intensification of the rivalry.
What is for the future to expect?
In this scenario, Saudi Arabia and Iran will have to sit in the table of negotiation and find a com-promise. But how can two rival countries negotiate? common interest if there is any or a mutual threat?
Iran and Saudi Arabia are both rich countries, with large access to natural resources, big territories and their economic model is based on oil. If there is no common interest between the two powerful states in the region, the creation of ISIS constitute a threat to both governments. Iran doesn’t want a powerful Sunni group in Iraq and Syria and ISIS is threatening the Gulf monarchy. However, Tehran and Riyadh seems to have no intention to lower the temperature and talk again for a potential solution toward the defeat of « Daesh », and the rivalry between them is distracting attention from the war against ISIS. If a mutual threat is not enough to push for negotiations what can be the other solution?
As a consequence of the Iranian deal, the Saudis seem to be fed up with the shock therapy that the United States is exerting in the region at a point that they refused a seat in the Security Council. Saudi Arabia is today looking for new partnership with different countries, the latest highest meet-ing of the GCC has proved the lack of confidence of the Saudis regarding their alliance with the United States. With the intensification of tensions between Riyadh and Tehran, the Americans show no will to interfere and defend the interest of their historical ally, and Saudi Arabia is being exacerbated by the Washington-Tehran reconciliation.
Recently Saudi Arabia’s King Salman met the Chinese President in Riyadh where they signed a memorandum of understanding on the construction of a high-temperature gas-cooled reactor that can help the growing energy demand for electricity and water desalination in the Monarchy. This will also evolve the beginning of a nuclear program in Saudi Arabia. Actually, Since 2006, The monarchy was projecting to construct and promote a peaceful nuclear capacity program within the GCC, and in 2007 the six Gulf States studied with the IAEA (International Atomic Energy Agency) the feasibility for a regional nuclear power, with the assistance of France. Saudi Arabia started singing many international agreements for a nuclear cooperation with different countries as France, Argentina, South Korea, China.
Recently, in June 2015, Russia and Saudi Arabia signed an agreement for cooperation in the field of nuclear energy including the design, construction, operation of nuclear power, education and training and other aspects related nuclear reactors. Now, what if Saudi’s decide to weaponize the use of nuclear? It will have subsequent effects in the region and will lead to an arms escalation of WMD.
Nevertheless, if this situation is unwanted, it can bring back stability in the region, the history has proved it.
During the cold war, the Soviet Union and the United States were expending their ballistic missiles, the Cuban missile crises and the threat of a nuclear war between the two blocs that can destroy Russia and the United States and may be the world, had generated the need for negotiations to find a compromise. Khrushchev was going to dismantle the offensive weapons in Cuba and in exchange the U.S made a public declaration that it would never invade Cuba without a direct provocation, but it also said it would dismantle its missiles from Turkey and Italy. The outcome of the negotiations between the two blocs resulted in the establishment of a hotline between the Kremlin and Pentagon and the beginning of the « detente » period.
The struggle of power in the region between Saudi Arabia and Iran is already leading to an arms escalation, and it might be possible for both countries to start a weaponization of nuclear facilities, it doesn’t matter who will start first, as long as the other will follow. Pakistan never wanted a nuclear bomb until India got one. Achieving parity with a rival country would lead to sit in the table of negotiation and the achievement of a compromise. Iran can promise not to get involved in Yemen and in Bahrain while Saudi Arabia would pull-out its intervention in the Syrian conflict, and Iran would join the war against ISIS.
The year 1979 marked the Islamic revolution in Iran, the Iranian theoretical or « spiritual » leader was aiming at exporting the Shia-Islam brand to Shiites minorities within the Middle East, this constitute a threat for the powerful Sunni-Monarchy, as it can undermine the existing equilibrium in the region. The Iranian clerics were urging the Shiites communities of the gulf States to rebel against their rulers, and demonstrations started in Saudi Arabia, Kuwait, Bahrain and Iraq.
A year later, Iraq attacked Iran, and the two countries engaged in a war that was serving the interests of Iraq, and the Gulf countries, more precisely Saudi Arabia; despite the support by western countries, this war undermining the West’s interests in terms of oil flows disruption. Saudi Arabia with Kuwait were financing Iraq, and the United States was indirectly supporting the Iraqi government by cutting off Iran’s supplies. The Iranian revolution, followed by the war installed a climate of increasing rivalry between the powerful Shia and Sunni countries. With the recent uprising of the Arab Spring, the situation intensified.
Since the conflict in Syria and Yemen seems to offer no political solution, a climate of cold war is installed in the region between Saudi Arabia and Iran.
The 3rd round of the Geneva peace talks about Syria, included the participation of delegates from the Saudi-backed opposition, the delegates from the Syrian government, the High Negotiations Committee and other opposition figures to discuss a possible ceasefire, relate of prisoners, humanitarian aid deliveries and the threat posed by ISIS. The problem is that neither the opposition nor the actual Bashar’s government wants to negotiate with each others, and neither Saudi Arabia and Iran are willing to bury the hatchet in Syria.
With the Iranian nuclear deal, the reconciliation between Iran and the west and the failure of finding a solution in Syria and Yemen, the tensions between the two powerful nations in the regions are reaching their peak. One should not forget that the assassination of Archduke Ferdinand was sufficient to cause the first World War; and today a small incident in the region can have large consequences. Both nations are exacerbated from each others, we can imagine a small event going wrong in Syria or Yemen leading to a direct war between Iran and Saudi Arabia.
A war in the region can erupt at any moment, it is certainly the least preferable scenario, but the most likely to happen if the tensions between the two regional powers are not softened. A direct conflict between the two influent States would undermines the west interests, the oil prices, and the economy of the world and will shift a regional war to a Third Word War.
In one side, the United States with the European powers would back Saudi Arabia and the other Arab Golf States; on the other side Russia would back Iran and Syria militarily and financially. Who will be the winner? We can’t tell, but a War is very expensive for both countries and for their allies, especially for Russia that is now suffering economically from its intervention in Syria. What is certain is that a Third World War can leave the economy, culture and politics of Iran and Saudi Arabia completely destroyed, and would change the actual « World Order ».
Since the Arab Spring, Iran started increasing its military presence in the Middle East. In Iraq, it has sent its soldiers to fight alongside the Iraqi Army, in Syria the Iranians are financially supporting the Assad’s government, Hezbollah in Lebanon and the Houthis in Yemen are backed by Iran. Can Iran’s rising power destabilize the region stability and create a conversion of power?
As my professor Anis Bajrektarevic well summarized on the Gulf and its surrounding intellectual scenery: “as it solely bridges the two key Euro-Asian energy plateaus: the Gulf and Caspian. This gives Iran an absolutely pivotal geopolitical and geo-economic posture over the larger region – an opportunity but also an exposure! …Nearly all US governments since the unexpected 1979 Shah’s fall, … have formally advocated a regime change in Teheran. On the international oil market, Iran has no room for maneuver, neither on price nor on quotas. Within OPEC, Iran is frequently silenced by a cordial Saudi-led, GCC voting”. Therefore, only now, the United Nations sanctions against Iran are formally lifted, which reconnected Iran to the global economy. The European embargo on Iranian oil is to come to an end and the Iranian banks will re-establish connections with the European banking system and private companies would be able to operate with no fear of a western sanction.
Nowadays, Iran is representing a diverse emerging market in the fields of manufacturing, retail and energy.
The public sphere was demonizing Iran for decades, but with the Rouhani government Iran is converting to a charming country. Jawed Zarif, Iran’s foreign minister, gives the image of an open country for negotiations, that is looking for long term solution and for stability in the region and in the world, but also a country that is trying to improve the economical and political situation of its young citizens.
Meanwhile, Saudi Arabia is suffering from a huge deficit in its public financing for the first time. With the crash of the crude prices, the deficit in the resource-rich Monarchy is more than 20% of the GDP that is according to Saudi Arabia’s finance minister around $120bn. To balance the budget, the kingdom needs an oil price of 100$ a barrel, its decision to keep the production high caused the plunge of the oil prices.
The decision of OPEC with the influence of Saudi Arabia to keep the production high, is going to burden the U.S shale oil and put the U.S gas industry under pressure, which can undermine the relationship between the two allies in the region.
The emergence of a prosperous Iran at the international level could serve as a pattern in the region, and shift the attention from the petrodollar monarchy to the « charming » country not far from it. While today Iran is improving its image in the public opinion, changing from the « devil » to « the sexy lady », Saudi Arabia’s model of « Wahhabism » is more and more connected to Islamic extremism and is blamed of causing terrorism.
Iran can use its new charisma plus its energy resources to attract the west, improve the situation in the country, offer a stability in Iraq and Syria and fill all the gaps where Saudi Arabia has failed.
The two regional powers are playing a poker game… Will the winner take it all?
Sisi’s visit to Armenia and Azerbaijan to join the Eurasian Union and BRICS
President El-Sisi’s visit to India, followed by Armenia and Azerbaijan, came as an affirmation from the Egyptian side and its president, Abdel Fattah El-Sisi, of Egypt’s desire to enter into several giant economic blocs, led by the BRICS with the help of China and India, and then the Eurasian Union with the help of Russia and Armenia mainly. Rather, let us transfer the experience of the Eurasian Union to Egypt and the countries of the region, which is considered as a project for economic and political integration, based on the customs union of the countries of (Belarus, Kazakhstan, Russia), as well as the countries of the United Economic Zone, and announcing later its expansion plan, to include other countries of the economic group. Eurasian, which is known for short as:
From my point of view and my reading of the general political and economic scene of the Egyptian state, and of President Sisi’s moves towards the east mainly, away from those complex calculations of Washington and the West and the political and economic conditionality of the International Monetary Fund and Western loans, Egypt’s accession to the Eurasian Union, or what is known as the Group of Independent States, will enable Egypt in the coming period to An alliance worked with those countries, leading to the establishment of a free trade zone between Egypt and the countries of the Eurasian Union, led by Russia and Armenia, leading to the establishment of the customs union between Egypt and the countries of Eurasia, ending with the establishment of the United Economic Zone, and even planning to establish a unified currency for the countries of the Eurasian Union, which facilitates The process of trade exchange between Egypt and those countries in the future, and of course contributes to the impact on the strength of the US dollar and its collapse and devaluation in the end.
Also, President El-Sisi’s moves towards India, then Armenia and Azerbaijan in particular, is part of the Egyptian support for the eastern bloc, headed by China, Russia and then India. This reflects the Egyptian vision to enter into the Eurasian Union, so that the emergence of this Eurasian Union can be seen as part of the announced Russian strategy to restore the importance it had previously on the international political arena during the so-called Cold War during the Soviet Union period, and this is mainly in the interest of Egypt and its President El-Sisi moves towards the Eastern Bloc and his aspiration to join the BRICS membership and then the Eurasian Union, so that this Eurasian Union will in the end serve as a counterweight to the European Union, in addition to the role of the Shanghai Cooperation Organization, which includes in its membership both Russia and China.
Also, the Eurasian Union, led by Russia and Armenia, was able to create a single currency like the euro in the European Union, which is to be called the “Altyn currency”.
It will be a balance to the forces of the European Union in the eastern bloc, led by Russia, China, India, and then Armenia, with an invitation to the rest of Central Asian countries to join the single Eurasian currency later, which serves the Egyptian side and the economic agendas of developing countries in the foreseeable future, and reduces the value of the dollar in the long run.
Bearing in mind, the United States opposes the Eurasian customs union project for the easy transfer of goods and commodities between countries, and Washington sees it as an attempt to re-establish Russian hegemony in the concept of the Soviet Union among the post-Soviet states.
This was explicitly announced by the Russian President, “Vladimir Putin”, that his goal is to expand the membership of the Eurasian Customs Union, to include all post-Soviet countries, to include the Baltic countries that are members of the European Union, on top of which are:
(Armenia – Azerbaijan – Georgia – Kyrgyzstan – Moldova – Tajikistan – Turkmenistan – Ukraine – Uzbekistan)
In addition to allowing the presence of countries that act as observer members, as is the case in most international federations and blocs, which makes it easier for Egypt, in the event of its completion, to open strong and influential economic and investment partnerships with those countries in the eastern bloc, away from the calculations and pressures of the West.
The Egyptian Ministry of Trade and Industry has already started several rounds and serious and actual negotiations to join the Eurasian Union with Russia, Armenia and the countries forming it, and it was announced in June 2021 the success of the fourth round of free trade agreement negotiations between Egypt and the countries of the Eurasian Economic Union, with the aim of integration in common economic issues. Among the countries joining it, and this is what Egypt and President El-Sisi aspire to at the present time.
The fourth round of negotiations between Egypt and the Eurasian Union countries has already ended in the Russian capital, Moscow, with the Egyptian side making tremendous efforts to join the Eurasian Union. This was mainly welcomed by the Russian side, and then President El-Sisi’s visit to Armenia strengthened the ability of the Egyptian file to join the Eurasian Union. This was reflected in the strong will and desire of all parties to accept the Egyptian side’s request for membership in the Eurasian Customs Union, in the heart of which is Russia and then Armenia.
President El-Sisi’s visit to Armenia comes as an important occasion, to move forward towards completing the Egyptian side’s membership file, to complete the negotiations and reach a comprehensive and balanced agreement that meets the aspirations of the Egyptian people and all the peoples of the Eurasian Union countries to develop trade exchange, and enhance industrial and investment cooperation between its parties. In addition to strengthening rapprochement between Egypt and all its parties in all aspects of economic cooperation and opening prospects for future cooperation between all parties.
Hence, we conclude that President El-Sisi’s moves towards Armenia and Azerbaijan were carefully calculated and planned by the Egyptian side, to join the powerful Eurasian Union bloc, because President El-Sisi realizes that the success of the agreement with the countries of the Eurasian Economic Union will contribute to strengthening trade, industrial and joint investment cooperation between Egypt and the countries. Eurasian Union. In addition, that Egyptian membership in the Eurasian Union bloc next to Russia and Armenia, and then the rest of the former Soviet Union countries, will support the system of transferring expertise and advanced industrial technologies to the Egyptian national industry in various productive sectors, in a way that enhances the capacity and strength of the Egyptian market and transfers various and different experiences to it.
Here we can understand and analyze the reason for President El-Sisi’s moves to that Eurasian region represented in Armenia and Azerbaijan, as well as strengthening Egypt’s relations with the Russian, Chinese and Indian sides, because President El-Sisi and the Egyptian side realize that the agreement with the countries of the Eurasian bloc referred to will support inter-regional trade between Egypt and the countries Central and North Asia and Europe across and between the countries of the Eurasian Union, and with the markets of the Arab countries and the countries of the African continent through the Egyptian market, through free and preferential trade agreements that link Egypt to those markets, knowing that the volume of trade exchange between Egypt and the countries of the Eurasian Union is with the membership of Russia and Armenia only, It has reached more than $5 billion, and that percentage is likely to increase if Egypt is officially accepted as a member of the Eurasian bloc and the Eurasian Union, according to plans by President El-Sisi and the Ministry of Industry and Trade in Cairo.
West sees Iran in a new way
The Wall Street Journal reported from Tehran that “a lethal crackdown and an ailing economy have quieted anti-government street demonstrations organised protests have largely tapered off.” The paradox is, this interpretation is widely applicable in the contemporary world situation, including many G7 countries. How can one pretend there are no “protestor grievances” in Britain or France today, and, yet, how come they are mute? – asks Indian Ambassador and prominent international observer M.K. Bhadrakumar.
The western narrative never cared to admit that Iran is ruled by elected governments. The big question is, would such street violence have erupted in Iran without the covert support and coordination by foreign intelligence agencies? It is pointless to discuss Iran’s politics while in denial mode about the whole history of foreign interference in that country’s internal affairs.
Meanwhile, Associated Press reported that Iran and Russia are also moving toward linking their banking systems, turning their back on the petrodollar. Read the US Energy Information Administration data o know why the AP report matters. Simply put, almost a quarter of the world’s oil reserves and around 40 percent of the world’s gas reserves may potentially be traded outside the western banking system if Russian and Iranian policies work in tandem, dealing a body blow to the “world currency,” American dollar.
Suffice to say, there is no question that the protests in Iran were a western reaction to the emerging alliance between Iran and Russia. Now that the protests over hijab have “tapered off,” the modus operandi will shift from colour revolution back to the classic mode of sabotage and assassinations (especially after Benjamin Netanyahu’s return to power in Israel.)
The burgeoning military cooperation between Iran and Russia puts Tehran on Washington’s crosshairs. In the context of the Ukraine conflict, the West see Iran in a new way. Indeed, the Russian interest in getting Iran on board the Moscow-brokered process of Turkish-Syrian rapprochement underscores that the Kremlin has jettisoned whatever past reserve it would had about aligning with Iran in geopolitical projects.
Foreign Minister Sergey Lavrov stated at a press conference with the visiting Egyptian Foreign Minister Sameh Shoukry in Moscow that “Russia, Iran, and Turkey are members of the ‘Astana troika’, which has been handling the Syrian settlement. Therefore, I consider it absolutely logical that any further communication on bringing relations between Turkey and Syria back to normal will also involve Russia and Iran.”
Turkish President Recep Erdogan’s foreign policy advisor Ibrahim Kalin has said: “We are pleased that Iran is joining this process. Iran is an important side. I think it will be able to contribute to this process. The participation of Iran in the negotiating process, which is held with the mediation of Russia, will make it easier.”
Unsurprisingly, a convergence of interests between the US, Israel and Kurds (and Kiev) to settle scores with Iran is only to be expected. The early signs are already there.
According to Iran’s defence ministry, three drones were involved in the attack at about midnight on a military facility in the city of Isfahan. It said one drone was destroyed by air defence systems and two were caught by “defence traps”, causing minor damage to a building. There were no casualties.
Pentagon spokesperson Brig Gen Patrick Ryder promptly said ‘the US military played no part in the strikes,’ but declined to speculate further.
However, Wall Street Journal quoted unnamed “US officials and people familiar with the operation” as saying Israel had carried out the attack. The New York Times also named Mossad, Israel’s intelligence service, citing “senior (US) intelligence officials”.
Isfahan province is home to a large air base, a major missile production complex and several nuclear sites. Iran’s official Irna news agency said the drones had targeted an ammunition manufacturing plant. The BBC highlighted that “The attack comes amid heightened tensions over Iran’s nuclear programme and its supply of arms to Russia’s war in Ukraine.”
However, a stunning dimension to this sordid affair is that a top aide to the Ukrainian president Zelensky linked the Isfahan attack to the alleged supply of Iranian drones to Russia. An unnamed Iranian official has since reacted that unless Kiev disowned any such linkage, Tehran too may adopt “a new approach that is appropriate to the behaviour of the Kiev government.”
Not much ingenuity is needed to connect the dots in the Isfahan attack — Ukrainian and Israeli intelligence (and the American masterminds in Kiev) operated through the Kurdish groups based in Iraqi Kurdistan, which have long-standing links to both the US and Mossad, and “sleeper cells” within Iran.
The bottomline is that – today almost anything concerning Iran’s security would have a foreign dimension.
The role of Guangdong Province in the Egypt – China relationship
For the past few years, Egypt-China bilateral trade has witnessed a big leap where Egypt has opened up its markets to the Chinese products. There are many aspects that impressed me the most about the economic and trade cooperation between Egypt and China, regarding the recent important role of Guangdong in the Egypt – China relationships.
Guangdong has special relations with Egypt, as they work together to advance and strengthen economic and commercial exchange and cooperation with the continent of Africa, and in particular with Egypt, as Egypt was keen to work and conduct many discussions and joint meetings with officials of Guangdong Province on enhancing investment and trade between Guangdong, China and Egypt. The trade and economic cooperation talks of Guangdong Province with Egypt came under the supervision of the (People’s Government of Guangdong Province), in cooperation with the Foreign Trade and Economic Cooperation Authority of Guangdong Province and the General Authority for investment and Free Zones in Egypt. The (General Federation of Egyptian Chambers of Commerce) is also keen to open prospects for joint economic and investment cooperation with Guangdong Province.
Both Egypt and the officials at Guangdong have already held (a conference on investment and trade between the Chinese province of Guangdong and Egypt) to identify the most important joint investments between the two parties.
The Guangdong provincial government has prepared an unprecedented large-scale trade and economic delegation to visit Cairo, which included more than 60 institutions with great weight covering all disciplines to participate in the talks with the Egyptian side. This Chinese delegation represented a number of leading and important institutions in Guangdong Province, in the field of communications, household electrical appliances, building and construction, the manufacture of motorcycles, furniture, spinning, weaving and other light industries, to transfer their expertise and investments to the Egyptian side.
Officials in the Chinese province of “Guangdong”, which represents the largest province in China in terms of the volume of foreign trade exchange, signed many agreements for investment cooperation with Egyptian businessmen.
The agreements included the establishment of a number of joint venture companies between the Egyptian and Chinese sides in the field of electronics, motorcycles and information technology, in addition to one agreement stipulating the acquisition of 32.5% of the shares of the Egyptian “Raco” electronics company by the Chinese “GD Media” holding company and Carrier for the manufacture of refrigerators.
The total value of the agreements signed yesterday amounted to about 400 million dollars and comes within the framework of activating the role of Chinese companies in the economic zone northwest of the Gulf of Suez, which is being developed by TEDA-Egypt.
Most of the agreements between Egypt and Guangdong are aiming to transfer the Chinese manufacturing technology to the Egyptian market, provided that it is re-exported to the Middle East and African markets with an Egyptian mark of origin, to enjoy the incentives offered by the governments of neighboring countries for exported and locally manufactured products.
The first of these agreements between Cairo and Guangdong was an agreement between the Ministry of Foreign Trade and Economic Cooperation in Guangdong Province and the TEDA Egypt Investment Company to promote the economic zone in the northwest of the Gulf of Suez to Chinese companies.
The Chinese Guangdong Group also signed an agreement with Egypt China Friendship Motorcycle Company to export motorcycles, in addition to another agreement to establish a factory to assemble bicycles locally.
The same group also signed another agreement with Metal Technical Company to export electronic devices and freedom products, while Guangzhou Environstar Company signed an agreement with “Teda Egypt Company” to set up a non-woven fabric factory.
And the Guangzhou Dayun Motorcycle Company signed an agreement with the “Ibrahim Mahmoud Ibrahim” group to establish the “Egypt-dayu” company for motorcycles. The China National Research Institute of Electrical Appliances also signed a joint cooperation agreement with Rajamec Mechanical and Electrical Works Company.
Guangzhou Wuyang Motors CO. also signed an agreement with the “United Brothers” company for the distribution of motorcycles and spare parts, while Finmek Electronics signed an agreement with the economic zone in the northwest of the Gulf of Suez for investment cooperation.
Shoppingmode Huawei for Communications and Information Technology signed 3 agreements, the first with the Suez Economic Zone to undertake the work of an integrated technology system for the region, in addition to an agreement with the National Center for Communications to conduct a training program on telecommunications technology, as well as signing an agreement with Luxor Governorate in the presence of Governor Samir Farag to establish E-learning project in the province.
Guangdong Winone Elevator entered into a partnership agreement with Megastar Elvato to export electric elevators.
Guangdong VTR Buo-Tech signed an agreement with Delta Vet Center for Feed Export, in addition to Guangdong Han’s Yueming Laser Technology Company and Sharjah General Trading Company signed an agreement to export machinery.
Zhongshan City Fudi Electrical Equipment Company signed an agreement with Al-Fas Engineering Company to export home appliance accessories, in addition to TCL Overseas Marketing Company signing an agreement with the Engineering Company for Electronics and Technological Industries to export color televisions, while Zhaoqing Foodstuffs Company for export and import agreed with Al-Jasr Herbs Company for the export of agricultural products and the company “GAC-QHD (Meizhou)” for auto components, in agreement with the Matrix Engineering Company for the export of auto parts, while the Chinese Victory Furniture Factory signed an agreement with Beni Suef Governorate to establish a furniture company in the governorate.
In connection with the above, we reach an important conclusion that it is not possible to talk about Chinese investments in Egypt in isolation from addressing the tangible role of Chinese companies in the giant Guangdong Province in the process of economic and social development in Egypt, and the distinguished results they achieved in this regard. The Suez canal Zone for economic and trade cooperation between China and Egypt, known as TEDA, has become an industrial zone that enjoys the best comprehensive environment, the highest investment intensity and the highest production unit in Egypt, assisted by a large number of companies and investments in the Chinese province of Guangdong operating for years and after the launch of the Belt Initiative. And the Chinese road in Cairo, which had a special role in strengthening the special relations between Cairo and Guangdong as a special Chinese economic zone.
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