tag

The Qatari German Medical Devices (QGMD) has signed a memorandum of understanding (MoU) with Dawa Holdi Egypt and Dawa USA, as part of its strategy to strengthen its regional and international presence.This partnership aims to introduce the company’s products to the Egyptian market to meet essential medical needs, localise their manufacturing in Egypt, and expand across the African continent through the marketing and distribution of medical products.The MoU also seeks to increase the volume of Qatari exports to European and American markets, the company said in its regulatory filing with the Qatar Stock Exchange.QGMD affirms that this step comes as part of its ongoing efforts to enhance its operational and financial performance, in a way that positively reflects on its shareholders and strengthens its position in the medical manufacturing sector at both the regional and global levels.

Minister of Labour of the Arab Republic of Egypt Mohamed Abdel Aziz Gibran discussed with His Excellency Mohamed bin Ahmed Al Obaidli, Board Member of the Qatar Chamber, ways to enhance bilateral cooperation in the economic and investment fields and to encourage Qatari investors to enter the Egyptian market. The two sides also reviewed Egypt's labor law during the meeting and explored mechanisms to overcome challenges facing investors in the Egyptian labor market. During the discussions, he reviewed the latest amendments to the Egyptian Labour Law, which include the establishment of an emergency fund to support workers and struggling companies, as well as the creation of an entity dedicated to training and upgrading workers' skills. He noted that the new law aims to foster a stimulating work environment conducive to investment and to support a secure and stable investment climate in Egypt. The meeting also reviewed the outcomes of the Minister's recent visit to Qatar, during which he met with representatives of the Qatari private sector. The visit resulted in positive understandings aimed at strengthening cooperation in the fields of labor, training, and employment. For his part, Al Obaidli praised the deep fraternal relations between Qatar and Egypt, affirming the Qatar Chamber's keenness to expand cooperation between the two countries across economic, commercial, and investment domains.