Latest in Tag: commodities Highlight
Latest in Tag: commodities
20-30% price hike of commodities in Egypt due to global spikes: GOEIC
This led to an abundance of goods, especially since the market has been going through a major recession since before COVID-19 outbreak.
FRA adds new commodities, services under consumer finance umbrella
The move aims to facilitate the financing of their purchase, and to facilitate the meeting of consumer needs.
Parliament approves development fees on some commodities, services
Presidential decree extending state of emergency for further three months also approved
Egyptâs stock of commodities sufficient for 3 months: Cairo Chamber of Commerce
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.
Egypt signs agreement with ITFC to fund commodities imports worth $1.1bn in 2020
The funds are within the $3bn agreement framework between Egypt and ITFC that was signed in January 2018.
Total of 400,000 Egyptians removed from subsidised food commodities ration cards
Deleted members non-eligible beneficiaries, added Ministry
Military Production Ministry handles bread, supply commodities system
Contract signed between the Information Systems and Computers Centre and the Supply Commodities Authority to manage and supervise the operation of the system using the smart family card
CPA, investors association discuss pricing commodities during trading phases
CPA calls for study for the final price
Higher customs fees on 364 commodities unlikely to greatly affect inflation: experts
While experts agree that the governmentâs decision to increase customs duties on 364 types of imported products will not greatly affect the rate of inflation, their views differ when it comes to the timing and how this move will actually affect the state and its citizens. Abou Bakr Emam, the head of Prime Bankâs research …
China trade falls on weaker yuan and global demand
Chinese imports and exports in dollar terms dropped sharply in June as the country’s currency depreciated against the US currency. Falling commodities prices and weakening domestic demand also played a role.
Supply Ministry receives 350,000 tonnes of wheat from local suppliers
Armed Forces Engineering Authority built 17 silos this year with UAE economic assistance
Banks direct foreign currency to importers as commodities are held at ports due to dollar shortage
To reduce dollar shortage crisis at banks, the foreign currency deposit cap was raised to $250,000 a month for companies importing basic goods, according to Ghorab
Tahya Masr Fund makes trucks available for the sale of discounted food commodities
The trucks will sell meats, chicken, fish, basic food commodities, vegetables, and fruits
Egyptâs commodities reserves sufficient until April
New logistics system improves storage of commodities, says Supply Minister
7 FIHC subsidiaries record EGP 15bn revenues in FY 2014/2015
FIHC aims to launch stock market issuances to increase capital
IMF: ‘Bumpy’ road ahead for emerging economies
The world’s lender of last resort, the International Monetary Fund (IMF), has said up-and-coming nations must do more to weather the fallout of weaker global growth and a slowdown in China’s economy. The IMF’s managing director, Christine Lagarde, on Tuesday warned the emerging countries of the world that the road ahead could be “somewhat bumpy,” …
Commodities crisis crushes BHP profits
Anglo-Australian mining giant BHP Billiton has seen its annual net profits almost wiped out as China seems to have lost its hunger for raw materials, causing commodities prices to tumble across the world. BHP Billiton unveiled a dismal result for its fiscal 2014 ending June 30, showing a decline in its net profit of a …
Weakening outlook for global economy amid fears over China: Merrill Lynch Survey
Merill Lynch, the Bank of Americaâs (BofA) wealth management division, released on Tuesday the results of its Fund Manager Survey for August. It showed a weakening outlook for the global economy amid fears over China, recording low sentiment towards emerging markets and the energy sector. While the concern over a Chinese recession continues, global investors …
Emergency plan in place to offer subsidised food during Eid Al-Fitr
EGP 500m additional subsidy for commodities on ration cards offered during Ramadan
Commodity prices stable, prices drop: Minister of Supply
The minister pointed out that enough quantities of cooking oil have been contracted to suffice for consumption till the end of July – a total of 172,000 tonnes – with a value of EGP 1.5bn. A supply of Brazilian poultry, 23,300 tonnes, was also contracted.
0.5 million deceased removed from ration cards
Citizens who have been out of country for over 6 months will also be removed
Al-Sisi appoints Mehleb to head executive committee of global logistics centre
Minister of Supply says the project covers the construction of five investment and industrial zones for grains and food commodities with a total land use of 1.7m metres.
Ration card commodities prices increased for quality improvement: Ministry of Supply spokesman
New ration card system provides citizens 20 privately and government-produced products including meat and chicken items, ministry says
Surge in fuel prices threatens food commodities
Fuel prices to reflect on food commodities, says head of Citizens Against Price Rises Association
Supply ministry continues Ramadan offerings
Food commodity prices offered at 30% discount, ministry says
Al-Sisi pledges to control rising prices
Presidential candidate asserts he will not depend on fixing prices as a means of control
Citizensâ monthly purchasing power to reach EGP500m: Supply Minister
All products will be offered at a 25% discount
Cabinet to kick off food and commodities discounts
Discounts are meant to counterbalance increasing inflation rates, cabinet says
EGP 2.38bn to be allocated from budget âto supply necessary goodsâ to citizens: Galal
Oil sector will receive EGP1.106bn, ministry says in an official statement
Government striving to restructure energy subsidies: Assistant to Minister of Finance
The current interim government intends to reach a solution for the subsidies problem before it is replaced