{"id":630464,"date":"2018-04-22T04:08:42","date_gmt":"2018-04-22T04:08:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/russian-businesses-apparently-dont-see-much-economic-benefit-in-the-riz\/"},"modified":"2018-04-22T04:08:42","modified_gmt":"2018-04-22T04:08:42","slug":"russian-businesses-apparently-dont-see-much-economic-benefit-in-the-riz","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/russian-businesses-apparently-dont-see-much-economic-benefit-in-the-riz\/","title":{"rendered":"Russian businesses apparently don\u2019t see much economic benefit in the RIZ"},"content":{"rendered":"

Russian businesses apparently don\u2019t see much economic benefit arising from the USD 7 bn Russian Industrial Zone (RIZ)<\/strong>, Al Monitor says<\/a>. Russia was \u201cdragged into\u201d signing on for the project for political, rather than economic purposes, and many business figures don\u2019t think that setting up projects in the RIZ is certain to yield significant returns, a Russian trade and industry official says. \u201cThis is just flag-waving. Russia\u2019s internal market alone devours anything we produce and is also profitable,\u201d according to the official. Egyptian officials also tell Al Monitor that Moscow and Cairo\u2019s ties are more grounded in a common political outlook than potential economic benefit, and the two see each other as \u201cpredictable\u201d partners.<\/p>\n

Volatility in international markets such as Egypt, Saudi Arabia, and Nigeria have contributed to Procter & Gamble\u2019s \u201cweak\u201d sales growth last quarter<\/strong>, the Wall Street Journal says<\/a>. The company is also one of several of the world\u2019s biggest consumer product makers that are facing difficulties in raising their prices in these markets, some of which are becoming less accepting of price increases, according to the newspaper<\/a>.<\/p>\n

Otherwise worth noting in brief:<\/p>\n