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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
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