Egypt to launch EGP 2bn insurance fund to stimulate consumption
Fund aims to boost local consumerism and help citizens obtain goods, services, and property
Ahmed Sabry
20 Articles
Latest by Ahmed Sabry
Factories and companies turn to solar energy to reduce electricity bills
Infinity Solar aims to launch 200 MW power plants, sell power to factories
Mintra opens first sports shoe factory in Middle East by end of 2018
The factory’s first phase will produce 20m shoes annually, with EGP 1bn investments, says Qesses
10 Egyptian companies look to invest in Poland, Slovakia
The Egyptian-Canadian Business Council will organise a trade mission to Poland and Slovakia next week to discuss further trade cooperation with the two countries. Moataz Raslan, chairperson of the council, said that the mission will include 10 companies operating in the oil and tourism sectors, as well as companies engaged in import and export, and …
Egypt’s exports from QIZs at $752m
Exports up by 1.5% from 2016, says El Rabiey
50 new tanneries to be launched in Rubiki in March
2nd phase will be connected to utilities by March, says Serg
CPA competencies within law overlap with other supervisory agencies: CFI vice chairperson
Over the past years, the food industries sector was monitored by specific ministries and parties concerned with the sector. However, the monitoring was weak, so each agency must play its role while coordinating with several other bodies.
$191m export to Egypt within QIZ agreement in Q1 2017
Reducing Israeli components requires Knesset’s approval, El Rabie
Nasr signs 4 agreements with AFD worth €259m
The finances are programmes that support the country’s deficit for sectors of energy, sanitation, and healthcare
Sima Foods Industries aims to expand in India, Pakistan, Russia
Sima Foods Industries aims to increase exports by 35%, up from a growth rate of 25% in 2016, in a bid to offset the rise in production costs. Chairman of the company Ahmed Fendi said that the company aims to boost its production capacity through developing some production lines and acquiring new ones to come …
Meat products’ dependence on imports limits their opportunities for increasing exports
Meat product companies are unable to increase their exports due to their dependence on imported meat, the prices of which increased after the flotation of the pound in November. Imported meats are responsible for 70% to 90% of the input costs of production. Mohamed Abdelmaksoud, general director of export at Faragalla Group, said that the …
Pound flotation encourages British investors in Egypt: EBCC head
Government’s announcement of major national projects enhances investment opportunities, says the head of EBCC
12 industrial complexes are ready for SME’s in 2017: IDA
House of Representatives will issue new licensing law within 10 days
Agricultural crop companies offer prescription to increase exports after floatation
Solutions include intensifying role of trade representative offices, farmland control, and marketing
Fruit Logistica Exhibition is an opportunity to make deals, meet new clients: EGAST
Company to establish new production line, add lettuce, carrots, and potatoes to products
Green Valley demands EgyptAir collect fees in pounds rather than dollars
Green Valley Company for import and export aims to increase its exports of agricultural crops to 8,000 tonnes this year, compared with 4,000 tonnes in 2016, to compensate for the increase in the cost of production and to take advantage of the liberalisation of the exchange rate. Ahmed Yousry, the company’s chairperson, said Green Valley …
Elsaad injects EGP 50m to develop production lines over 3 years
The company allocated EGP 25m to establish a packaging line in 2017
Turkish investors pledge double investments in 2017: FEDCOC secretary general
Turkish companies consider reviving projects stalled since 2011, says El-Wakeel
US-Egypt Business Council to visit US next April
Mohanna expects a recovery in Egyptian-American relations under Trump’s presidency
20% increase in prices of motorcycles over 2 months
The customs exchange rate and foreign currency shortage has led to a decline in imports by 60%