Latest in Tag: foreign trade Highlight

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Latest in Tag: foreign trade

Banks financed foreign trade operations worth $70.8bn from pound floatation to 14 December 2017: CBE

The total volume of foreign trade operations implemented by banks working in the local market, during the period extending from 3 November 2016 until 14 December 2017, reached $70.8bn, according to the Central Bank of Egypt (CBE). Importation operations financed by the banks since floatation up until now included basic and non-basic commodities. Production materials …

Hossam Mounir

Deficit in trade balance down by 13.1% in July: CAPMAS

The deficit in the trade balance dropped by 13.1% in July to EGP 30.9bn, compared to EGP 35.6bn in July 2015, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) monthly bulletin of foreign trade statistics. In a statement issued on Wednesday, CAPMAS noted that the deceleration happened because the value of exports …

Hisham Salah

‘No blueprint for post-Brexit era’

Germany’s BGA foreign trade group has warned of the “dire consequences” of a Brexit for all sides. It added that it would be a severe blow to the German economy too, given the two countries’ close trade relations. The head of the Federation of German Wholesale, Foreign Trade and Services (BGA), Anton Börner, warned in …

Deutsche Welle

New holding company for mining industries approved

Minister of Industry and Foreign Trade Hatem Saleh approved the establishment of a mining holding company at the opening ceremony of the National Vision for Mining Wealth Conference held Tuesday. According to government officials, the move toward establishing a holding company for mining is proposed to boost investment in Egypt’s mining sector and expand mining …

Islam Serour

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