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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
Gamea said the decision is to ensure that the needs of Egypt’s citizens and medical institutions are provided for during the ongoing coronavirus (COVID-19) pandemic.
The company’s performance is expected to improve with the support of pent-up demand from postponed weddings and national projects. It will be further supported by the launch of higher-quality products that will compete with the cheaper Turkish and Chinese variants.
Total of EGP 5.2bn provided to exporting companies from July 2019 to May 2020
Export Development Fund disburses EGP 2.133bn in export subsidies from January to April
Trade deficit decreases by 39%
Ministry to start disbursing export subsidies for small companies without tax clearance certificates
Minister of Planning Hala El-Said, who attended the meeting, said that international institutions have downgraded their global trade growth forecast for 2020, from 2.3% to 0.4%, due to the coronavirus crisis.
Baking powder to be launched during Gulfood participation: Azzazy
20% growth in contracts last year, optimism over contracts beginning in 2020
The summit discusses export opportunities and honours the most influential companies and institutions in 2020
Lesaffre works in the strategic food industry of the fresh and dry yeast sector, and it owns several export brands which are Acta, King, and La Royal, while Forno is a leading brand in the local market.
Establishing two new production lines, with investments of $2.5m, according to Anis
Ehab Sharaf, chairperson of the company, said ITC seeks to increase the volume of its exports by cultivating 100 feddans of sweet potatoes for export to European markets.
Delek Drilling and Noble Energy, Dolphinus JV to acquire 39% stake in the pipeline
Alternative feeding will be completed via Owainat-Balat line in December
Sustainability is a big and comprehensive concept, including green architecture, which preserves the environment, says MHDH co-founder
Local media reports indicated that the Egyptian-made armored vehicle can be split into two parts when explosion ejecting the escape crew capsule, which can be installed in another vehicle. Moreover, the armored vehicle’s seats are equipped with shock absorption technology.
On the other hand, Egyptian imports from the US rose to $2.7bn in the same period, increasing by 4.1% y-o-y. Top US exports to Egypt are grains and animal feed with $293.7m, while boilers, machinery, equipment, and spare parts recorded $191.8m, meat accounted for $ 165.7m.
The program also allows exporters to apply for industrial land through the new online land allocation portal.
Poor performance of traditional real estate agents has unfortunately negatively affected the profession, says RE/MAX Egypt and UAE chairperson
Nassar pointed out that the allocations for each sector will be reviewed every six months
Tawfik said that the ministry plans to launch an integrated and sophisticated chain of transport and logistics services to support the foreign trade system and provide bridges to Africa to boost bilateral trade.