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28 Dec 2017

8% increase in manufacturing, extractive index in October 2017

The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued metadata on the production index of manufacturing and extractive industries for October 2017.

The index of manufacturing and extractive industries"...

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28 Dec 2017

Agriculture Export Council negotiates with 2 foreign labs to inspect products before exporting

The Agriculture Export Council (AEC) is negotiating with two laboratories from Spain and Netherlands to examine samples of export-oriented crops. Abdel Hamid Al-Demerdash, chairperson of the AEC, said that the two offices had submitted proposals to the council and the council is currently"...

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28 Dec 2017

FRA greenlights establishing 8 holding companies 24 hours after completion of required documents

The Financial Regulatory Authority (FRA)’s committee in charge of establishing and licensing companies has recently approved issuing shares and establishing eight holding companies, only 24 hours after the completion of their required documents.

“The"...

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28 Dec 2017

Sugarcane farmers, government head-to-head again

A controversial issue between sugar cane farmers and the government has started to loom over prices of supplying sugar as some farmers are enduring losses after the flotation of the Egyptian pound.

Wages and salaries"...

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28 Dec 2017

Sisi stresses importance of finalizing transportation network of New capital

President Abdel Fattah El Sisi affirmed on Monday 25/12 /2017 the need to complete the transportation network in the new administrative capital before moving the ministries and institutions to it.

These remarks were"...

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28 Dec 2017

Egypt's GASC receives offers at its latest wheat tender

The lowest offer presented at Egyptian state grain buyer GASC's wheat tender on Wednesday was for 60,000 tonnes of Russian wheat at $192.35 a tonne, on a free-on-board (FOB) basis, traders said.

The offer was made by supplier GTCS.

GASC is due to announce the"...

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28 Dec 2017

Foreign Ministers Of Ethopia, Egypt Discuss Dam Project, Trade And Investment

Ethiopian Foreign Minister Dr. Workneh Gebeyehu has held discussions here with his Egyptian counterpart, Sameh Shoukry, on bilateral issues, including the Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydro-electric power project which Cairo fears may the flow of Nile River"...

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28 Dec 2017

Egypt: Car Sales Down 50 Percent as Prices Hit Record High in 2017

Car prices have maintained their price increases since last year, especially after the liberilisation of the exchange rate. Auto companies increased their prices in December, making it difficult for the market to improve sales before the end of the year.

Opel,"...

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28 Dec 2017

Egypt trade finance transactions record $70.8 billion since EGP float: CBE

Egypt's banks have funded trade finance transactions worth $70.8 billion since the Egyptian pound was floated in November 2016, the Central Bank of Egypt (CBE) announced Wednesday.

By"...

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28 Dec 2017

Egypt: new e-commerce strategy aims to double online businesses

Egypt launched its new e-commerce strategy in the presence of President Abdel Fattah el-Sisi this month during Cairo ICT 2017 – a trade fair for information and communications technology"...

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