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Government abandons decision to exempt imported poultry from customs

Prime Minister Sherif Ismail decided to cancel the decision to exempt imported poultry from customs for a period of six months, according to a press statement released on Monday. The decision was made to ensure what poultry products are provided at an affordable price, according to regular reviews. The statement did not provide a reason …

Daily News Egypt

Customs on imported cars increase by 66% after flotation

Customs charges on imported cars increased by 66% on Friday following the flotation of the Egyptian pound. This decision was made on Thursday when customs recorded a 52% increase calculated according to the price of the US dollar against the Egyptian pound in the free market, which will be reviewed on a daily basis. The …

Ahmed Amer

China trade performance slumps

China has logged worse-than-expected trade figures for July, with both exports and imports falling sharply. The world’s second-largest economy is feeling the pinch of lackluster domestic demand and mounting debt.

Deutsche Welle

United Bank to allow paying taxes, customs through branches

The United Bank will introduce in all branches a service for paying all government dues, such as individual and company taxes and customs, the bank’s chairman Mohamed Ashmawy revealed Thursday. The move comes in cooperation with the Ministry of Finance. Ashmawy stressed the significance of enhancing electronic payments in Egypt, instead of depending on traditional …

Daily News Egypt