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 | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |