Latest in Tag: Export Highlight
Latest in Tag: Export
Total of EGP 5.6bn was dispersed in FY 2019/20, in addition to EGP 2.4bn from 1 July to 25 November
Initiative reviews, updates all export procedures at EDA, to ensure they comply with global regulatory rules
Trade deficit reaches $3.3bn in November 2020, versus $3.4bn in November 2019
Beneficiaries can access initiative’s second phase at Finance Ministry from 7 to 28 February
1,069 companies receive EGP 10.3bn in export subsidies
Country starts domestic manufacturing of some production requirements instead of importing them
ITIDA launches IT export programme covering proceeds for 2019 and 2020
1,069 companies benefit from lump-sum payment initiative to settle export subsidy dues before 2021, says Minister Maait
Egypt’s engineering exports increased by 8% to $1.340bn in the first half (H1) of fiscal year (FY) 2020/21, compared to $1.240bn during the same period of FY 2019/20.
Egypt’s engineering exports increased by 6% to $1.11bn in the first five months (5M) of fiscal year (FY) 2020/21, compared to $1.05bn during the same period of FY 2019/20.
The Chemical Industries Export Council, headed by Chairperson Khaled Abul Makarem, has announced that Egypt’s chemicals and fertilisers exports during the first ten months (10M) of 2020 amounted to about $4.165bn.
It comes as part of the lump-sum payment initiative recently announced by the Egyptian government, to settle the delayed dues of companies with the fund.
The study highlighted that there are nine target markets in Africa, namely Kenya, South Africa, Uganda, Ethiopia, Senegal, Tanzania, Zambia, Djibouti, and Ghana.
Korean Ambassador in Cairo Hong Jin-wook took the unusual step of playing Egypt’s national anthem himself on the saxophone, while a group of Egyptian artists played the national anthem of Korea.
Improving business environment is top priority for government’s action plan, says Trade Minister
Fund receives applications from 903 exporting companies, submission to continue until end-November, says Minister Nevine Gamea
The countries that will receive the Egyptian manufactured vaccine are Russia, Ukraine, Kazakhstan, Uzbekistan, Moldova, Belarus, Kurdistan, Tajikistan, Poland, the Czech Republic, and Slovakia.
The initiative has been designed to provide exporters with cash liquidity required to fulfil their obligations and preserve employment.
The decision was announced by Mohamed Khamis Shaaban, Secretary-General of the Egyptian Federation of Investors Associations (EFIA), following his meeting with Maait last Wednesday.
Kim added that the remaining 30% of these locally manufactured products will be directed to local consumption.
ORWE, DSCW to benefit from payment of export rebate arrears
The project will help raise Egypt’s market value in exports and ensure that families and households become more sustainable, according to Minister of International Cooperation, Rania Al-Mashat.
GNA Deputy Prime Minister Ahmed Maiteeg says joint technical committee will supervise oil revenues and ensure fair oil distribution
In July, Domty implements cost-cutting programmes to improve company’s bottom-line
First tranche of subsidy arrears worth EGP 400m to be paid to export companies next month
Banque Misr puts export finance services on top of its priorities, in order to support Egyptian government’s drive to increase exports to Africa
Decline in Egypt’s tourism revenues also means country’s GDP will decrease by 1% in 2020
MERCOSUR agreement supports state’s current trend of increasing exports, opening of new markets, says Nevine Gamea
COMESA countries followed with Egyptian exports reaching $2.1bn in 2019, an increase of 11.3% on the $1.9bn in 2018.
Ministry conducts comprehensive review of industrial lands to prevent land hoarding