Arab Today, arab today cib egypt joins chinas 1 belt 1 road initiative
Last Updated : GMT 12:19:39
Arab Today, arab today
Arab Today, arab today

CIB Egypt joins China's '1 Belt 1 Road' initiative

Arab Today, arab today

Arab Today, arab today CIB Egypt joins China's '1 Belt 1 Road' initiative

Commercial International Bank
Cairo - MENA

​​​The Commercial International Bank – Egypt (CIB) has been selected by the Bank of China to represent the African continent to join the "One Belt One Road" initiative, the bank said in a statement.

The "One Belt One Road" is China's land-based and maritime trade routes across Asia, Europe and Africa to create closer economic and trade links among 65 countries, with an anticipated trade volume exceeding USD 2.5 trillion over the next decade.

During a two-day seminar held in Beijing, CIB and Bank of China signed a MOU regarding strategic cooperation under the "One Belt One Road", the statement added.

The MOU aims at partnering with the top banks to back the initiative's implementation phases and provide the adequate, premium financial and banking services and products that will be supporting the limitless opportunities generated by this Chinese initiative.

CIB Chairman and Managing Director Hisham Ezz Al Arab said that being the only Egyptian and African bank selected for partnering with Bank of China in this enthusiastic initiative indicates CIB's distinctive, leading position and reputation in the banking market and reflects the profound trust of foreign partners in the Bank's competencies and proficiencies on both regional and international levels.

The Chinese initiative will be shaping a new prism of the world economy and capitalizing on the expected sizeable opportunities, he added.

The "One Belt, One Road" is a collective term for the initiatives of "Silk Road Economic Belt" and "21st Century Maritime Silk Road" that were proposed by Chinese President Xi Jinping during his visit to Kazakhstan and Indonesia in 2013.

The Silk Road Economic Belt is to extend through several corridors over Asia and Europe, while the Maritime Silk Road is to include infrastructure projects that lie in South Asia, East Africa, and the Northern Mediterranean Sea.

The One Belt One Road initiative is expected to feature prominently in China's 13th Five-Year Plan that will run from 2016 to 2020.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cib egypt joins chinas 1 belt 1 road initiative Arab Today, arab today cib egypt joins chinas 1 belt 1 road initiative

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cib egypt joins chinas 1 belt 1 road initiative Arab Today, arab today cib egypt joins chinas 1 belt 1 road initiative

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday