Latest in Tag: Agriculture Highlight
Latest in Tag: Agriculture

Investment loans for farmers register EGP 9bn in FY 2013/2014: CAPMAS
Loans increased by 24.2% when compared to FY 2012/2013

German farmers to profit most from EU financial aid
EU agriculture ministers have said German farmers are to get the biggest chunk of a special aid package. It’s designed to compensate them for rapidly dwindling milk and pork prices as a result of overcapacities. At their regular meeting in Luxembourg, EU agriculture ministers on Tuesday agreed Germany should get 69.2 million euros ($78.2 million) …

Former agriculture minister arrested on corruption charges shortly after resignation
State media reported that Prime Minister Ibrahim Mehleb met with Helal early Monday and accepted his resignation. A cabinet statement said that the resignation was presented “on orders of President Abdel Fattah Al-Sisi”

Land reforms authority leaders referred to prosecution
Defendants are accused of seizing public funds upwards of EGP 6.5m

KIMA’s profits in FY 2014/2015 down 10%
Company’s net profits registered EGP 95.9m during previous fiscal year

ESC provides agriculture projects to increase productivity of Egyptian strategic crops
Cultivating wheat through traditional fertilising for one year led Egypt to stop importing

Government affirms farmers’ ownership of disputed land
Dispute witnessed violent clashes between farmers and feudal owners
Egypt, Sudan to launch new collaborative agricultural projects
Ministry of Agriculture assembly approves activating role of Egyptian-Sudanese Agricultural Integration Company

Egypt, Switzerland trade volume CHF 1bn in 2014: Swiss Ambassador
We have invested some CHF 25m that covers our framework agreement with Egyptian government, says Leitner
$20m loan to improve Egypt’s agriculture commodities sector
Fund helps to improve terminal’s utilisation rate and act as high logistics efficiency for ports

AlDahra to invest $300m in Egypt
The UAE agricultural company is aiming at 25,000 operational feddans by 2020

EGP 2.5bn to be injected in logistics, energy, transport, agriculture: Naguib Sawiris
I will not take part in proposed projects, and I don’t like partnerships with the government, top businessman says

Egypt predicted to be among major G-20 economies: The District CEO
I aim to bridge the understanding and the inclusion of small and medium enterprises [SMEs] in the Egyptian market:

Field irrigation project to provide 7%-10% increase in cultivated land: Beltagy
Project would provide approximately 10bn cubic metres of water per year for reclaiming at least 300,000 acres in new land

Removal of cotton subsidies will harm textile industry: Chairman of Eastern Cotton Co.
Removal of subsidies continues, with agriculture minister announcing the removal of subsidies for cotton cultivation

Subsidised fertiliser crisis result of production issues and poor distribution
Companies in free investment zones must export all products, no need to consider subsidised fertiliser shortages domestically
Agricultural land allocation law to be ratified within two weeks: Industry minister
Allocation controls will involve respect for prices and payment terms, says Abdel Nour

Export Council to set up Egyptian products exhibition in Uganda
100 Egyptian companies set to participate in March 2015 exhibition

FAO seeks $33m to help Gaza’s agriculture
International organisation seeks to help over 21,000 families and farmers in Gaza

Tenders and pricing for land reclamation and distribution to be decided within days: Agriculture minister
Government plans to reclaim 1 million acres of land within one year
UAE-based Al-Zahera spends EGP 750m on investments in Toshkha: Chairman
Prime Minister Mehleb invited to visit the company’s agricultural projects in Toshkha, East Owaynat
Negotiations with Russian importers ongoing: APEC chairman
Minister of Industry and Foreign Trade to visit Russia in September

Ministers of Agriculture, Industry to discuss needs of spinning, weaving companies
Government moves to save the textile industry in view of governmental failure to recognise huge losses incurred
Irrigation development project to provide 10bn cubic metres of water: Agriculture minister
Project targets 5m acres of land over the coming 10 years to achieve greater growth rates, increase agricultural lands and create 1.6m jobs

Food prices expected to rise 20% following fuel subsidy cut: Experts
Food products will rise by approximately 20% on higher costs of fuel used for transportation and production, says professor of agricultural economy

Al-Sisi unveils economic plan
New President promises in speech to develop industry and agriculture, halt export of mined raw materials and implement development projects

Wadi Group plans to expand its activities: CEO
The group is investing EGP 460m to expand poultry and fodder activities, says group CEO Tony Freiji, and is planning to increase capacity of its port in Alexandria, establishing first port on Nile in “Kafr Daoud”

Shipping lines between Egypt and Jordan not sufficient: Commercial office
Ministry of Trade and Industry and Commercial Office in Amman intend to increase trade between Egypt and Jordan

Government considers raising price of wheat to encourage farmers to step up production
Price increase would aim to encourage local farms selling more wheat to the state in order to make Egypt, the world’s largest wheat importer, less relient on imports

Legalising informal sector would increase economic growth and improve living conditions: ECES
Egyptian Center for Economic Studies says integrating unregistered property – estimated value EGP 1tn – would increase economic growth by 2% per year