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 | EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. |