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Trade, Investment ministries form permanent committee to promote industrial investment  

Minister of Trade and Industry Amr Nassar and Minister of Investment and International Cooperation Sahar Nasr sing joint ministerial decree to promote cooperation in the field of encouraging investment climate in industrial sector and promote available investment opportunities. Nasr pointed out that the industrial sector is one of the most important sectors of investment in …

Shaimaa Al-Aees

Aramex, EG-GATE sign MoU to double export rates of Egyptian goods

Aramex, the provider of comprehensive logistics and transportation solutions, signed a memorandum of understanding (MoU) with the marketing and advertising company EG-GATE and one of Tahya Misr Fund’s companies to double and increase rates of exporting Egyptian goods to the world. The MoU targets the activation of the national strategy for e-commerce through using the …

Shaimaa Al-Aees

North Korea aims at boosting political, economic cooperation with Egypt

A source from the embassy of North Korea told Daily News Egypt that his country aims at boosting relations with Egypt in the political and economic fields, adding, “hopefully we will receive some visits during this year and the years ahead.” The source mentioned that the economic cooperation with Egypt is very modest, and thus …

Hagar Omran

Egypt signs Japanese grant to develop automated system for collecting VAT

The Ministry of Investment and International Cooperation signed a Japanese grant on Sunday worth EGP 15.5m to develop an automated system to collect the value-added tax (VAT). This was done in the presence of Finance Minister Mohamed Moeit, minister of investment and international cooperation, Sahar Nasr, and Japanese Ambassador Takehiro Kagawa. A press statement from the …

Daily News Egypt

2.8% increase in cargo volume at Damietta Port in May

A report issued by the Damietta Port Authority showed an increase in the number of ships at the port during May 2018 compared to May 2017. According to the report, the number of ships at the docks of Damietta Port amounted to 281 vessels in May, compared to 254 vessels in the same period of …

Mohamed Alaa El-Din

105.5% increase in Egypt’s exports to US in 2017: CAPMAS

The value of Egyptian exports to United States reached EGP 23.6bn in 2017, accounting for 5.1% of Egypt’s exports to the world, this is up from EGP 11.5bn in 2016, marking an increase of 105.5%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The CAPMAS announced on Wednesday the Economic Relations between …

Hossam Mounir

18% increase in handled cargo at Damietta Port in March

A report issued by the Damietta Port Authority (DPA) showed that the number of docked ships at Damietta Port in March 2018 was rather steady compared to March 2017. The number of ships at the port in March 2018 reached 230, and the number increased by 27% compared to the same period in 2017. According …

Mohamed Alaa El-Din

181.6 % increase in Egyptian cotton exports in Q2 2017/2018

The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued its quarterly bulletin on cotton for the second quarter (December to February) of the agricultural season 2017/2018. The total amount of Egyptian cotton exports reached 379,700 kantars during that period, up from 134,800 kantars during the same period of the previous season, marking a large …

Hossam Mounir