Wassef Group planning to start clothing production in ArmeniaNovember 24, 2017 - 12:50 AMT PanARMENIAN.Net - Joseph Wassef - an Egyptian-Armenian businessman and the owner of knitwear manufacturing and exporting company Wassef Group - is planning to start a clothing production in Armenia with the aim of creating more than 1000 jobs. At a meeting with Armenia's minister of economic development and investments Suren Karayan, Wassef said he wants to found a company in the light industry sector. According to the investor, the Group is specialized in all stages of production - knitwear dying, various types of printing, embroidery, decoration, stitching and packing. Also, the company supplies products to world-famous brands. Wassef hailed the Armenian workforce as one of the best in the world, adding that they are capable of creating more than 1000 jobs. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |