On May 15, 2024, a solemn presentation of the innovative trading house MENA TRADE HOUSE took place.
The opening of the project, created to intensify business processes between Ukraine and the MENA countries, a region that traditionally includes the Middle East and North Africa, was attended by more than 80 guests, representatives of the legislative and executive authorities of Ukraine, the diplomatic corps accredited in Ukraine, heads of large and medium-sized businesses seeking to develop international business projects with the countries of the Middle East and North Africa, representatives of domestic and foreign media.
The initiators of MENA TRADE HOUSE were Dr. Emad Ballak (member of ICC Ukraine) and Oleksiy Hrynevych, experts in business development in the global market. Alyona Rymaruk, Secretary General of ICC Ukraine, welcomed the participants of the meeting, Volodymyr Mykhailov, Vice President of ICC Ukraine, delivered a welcoming speech on behalf of ICC Ukraine President Volodymyr Shchelkunov and informed the distinguished gathering about the benefits and prospects of business cooperation with the ICC Ukraine.
The presentation of the innovative trade house MENA TRADE HOUSE was made by Dr. Emad Ballak and Oleksiy Hrynevych, who outlined the main activities of MENA TRADE HOUSE: among the main strategic tasks and goals that Ukraine currently faces in the region is the expansion of markets for its products and services. The MENA market has a large capacity and significant demand for goods that are produced or can be produced in Ukraine. The activities of the innovative trade house MENA TRADE HOUSE will be aimed at determining the practical form of Ukraine’s optimal presence in these markets, developing appropriate strategic business programs with the provision of certified consultants and experts to provide consulting support to companies entering the MENA market. A key condition for successful actions will be a clear understanding of the interests, capabilities and potential of key players in various industries and networking opportunities for international business.
The strategic directions of Ukraine’s business presence in the MENA countries and the main goal of the innovative trade house MENA TRADE HOUSE is to comprehensively represent Ukraine in the region, through commercial ties between business unions, associations and individual large state corporations, to expand opportunities for mutually beneficial trade and economic activities of all parties.
Detailed information about the innovative trade house MENA TRADE HOUSE, a list of forms of cooperation, methods of ensuring successful activity is available on the official website – MENA TRADE HOUSE MENA TRADE HOUSE – Your Gateway to MENA Markets and on the website of ICC Ukraine – www.iccua.org
84% of the American Chamber of Commerce companies in Ukraine have employees serving in the Armed Forces of Ukraine, said Andy Hunder, President of the American Chamber of Commerce.
“Today, 84% of the American Chamber of Commerce companies in Ukraine have employees serving in the Armed Forces of Ukraine. This means that 9 out of 10 companies have defenders,” he said at the Ministry of Veterans’ Summit “Veteran’s Path from Military Service to Civilian Life” in Kyiv on Monday.
According to him, the issue of veterans’ reintegration is a key one for ATP.
“It is important to create conditions in which these defenders will become economically active again, will be able to realize their knowledge and skills in peaceful life,” Gunder emphasized.
Oil prices are rising on Monday morning.
The cost of July futures for Brent on the London ICE Futures exchange as of 8:08 a.m. is $82.32 per barrel, which is $0.2 (0.24%) higher than at the close of the previous trading. On Friday, these contracts rose by $0.76 (0.9%) to $82.12 per barrel.
Futures for WTI for July in electronic trading on the New York Mercantile Exchange (NYMEX) have risen in price by this time by $0.28 (0.36%) to $78 per barrel. At the end of the previous session, the value of these contracts increased by $0.85 (1.1%) to $77.72 per barrel.
Last week, the international benchmark lost 2.2%, while the North American benchmark lost 2.3%.
The pressure on the quotes was exerted by fears that the US Federal Reserve will keep interest rates high for longer than expected, which would be a threat to demand in the event of a sharp economic slowdown.
This week, the latest value of the PCE index, the US central bank’s preferred inflation indicator, will be released. This data may affect its future policy.
In addition, on Sunday, the market is looking forward to the OPEC+ meeting, where leading oil producers are expected to extend production cuts until the end of the year.
Port changes in % to previous period in 2023-2024
Source: Open4Business.com.ua and experts.news
On Monday, the electricity consumption limits in Kyiv will be enough to cover 81% of the capital’s needs, DTEK said in an update on stabilization blackouts for May 27.
“Kyiv, Kyiv region, Odesa, Donetsk, and Dnipro regions: as instructed by Ukrenergo, the outage schedules will be in effect from 06:00 to 24:00,” the company said in a statement posted on its Telegram channel.
It also emphasizes: “Kyiv. The limits set by Ukrenergo will be enough for an average of 81% of the capital’s needs.”
As reported earlier, on Monday, May 27, blackout schedules will be reintroduced for household and industrial consumers in all regions of Ukraine.
ADONIS Medical Group has launched corporate rehabilitation programs for demobilized employees of companies.
According to the medical group’s press release, ADONIS rehabilitation programs include a wide range of services to restore the physical, psychological and social status of patients.
Specifically, the program includes preparation for prosthetics and rehabilitation after prosthetic fitting, rehabilitation after gunshot wounds, shrapnel fractures of bones, burn injuries, including skin repair, and restoration of movement amplitude for contractures to maximize mobility after injuries.
“Initiatives like this not only contribute to the physical recovery of military personnel, but also impact their overall well-being and integration into active life. Companies like MHP set an example of civic responsibility and caring for their employees,” the medical group reported.
At the same time, ADONIS noted that it is ready to “cooperate with other corporations that value their employees and want to help them during this important period.”
“The return of servicemen to peaceful life is a difficult journey that requires not only physical recovery, but also psychological and social support. We develop programs taking into account the requests of companies,” ADONIS emphasized.
ADONIS is a network of private medical centers for adults and children. ADONIS private clinic was founded more than 25 years ago. Its network includes seven branches in Kiev and the region, including a rehabilitation center and a stem cell laboratory. Doctors at the clinic’s branches provide treatment in 65 medical fields. Under war conditions, ADONIS branches with surgical units provide quality medical care to military and civilians.