Last August, the Ministry of Finance announced facilitating the release of imports at ports. Minister of Finance Mohamed Maait said that importers who completed all customs procedures, with the exception of Customs Form 4, will be able to release their goods.
Abdel Wahed said that the short-term plan represents in-kind support for exporters, such as reducing the cost of energy consumption and exempting them from toll fees on highways as long as the exporter holds an export receipt, which encourages exporters to reduce costs.
ECA’s decision to inspect only 10% of each shipment to facilitate customs pre-release procedures, however it will harm local market: Desouky Salem
Move is to protect commercial sector and allow it to fulfil obligations
Egyptian medical masks are still among world’s cheapest
Bishay expected a price hikes in commodities ranging between 5-10% as a result of the delay of some imported shipments and goods, but the situation is under control.
Minister of finance needs to reconsider decision, not override certain sectors’ interests at expense of others, says Shiha
The delegation participated in an interactive session with the supply minister, Indian ambassador, and Egyptian executives
Importers demand factories’ non-conforming products be written off rather than factories themselves
Training banking staff will develop banking work in a manner that suits requirements of this age
US dollar could be devaluated to EGP 6 or less with tight policies, says Medical Supplies Division head
A large number of Egyptians have purchased food products at small shops and large supermarket chains to take advantage of offers and discounts encouraging buyers to shop.
Businessmen in the city pledged their support for the Governorate’s plan on the condition of improvements in the security situation, particularly in Downtown districts such as Talaat Harb, Al-Tawfikia, Al-Azbakiya and Ramses.
Black market now real determiner of gold prices, says gold expert at Cairo Chamber of Commerce
Exports fell by 1.5%, while imports jumped 14.4% during the same period
In cooperation with the Cairo Chamber of Commerce, a variety of loans are being offered to enhance the call centre industry
