Latest in Tag: Export Highlight
Latest in Tag: Export
Egypt provides EGP 42.5bn in export subsidy to 2,500 companies since October 2019: Finance Ministry
The export subsidies help companies continue production and fulfil their obligations, which would lead to maximizing the country’s production capacities, exports, competitiveness of Egyptian products in global markets, and realizing the dream of $100bn worth exports.
633 companies receive EGP 4.5bn in 1st batch of 5th phase of lump-sum export subsidy dues payment: Maait
Initiative provides EGP 37.5bn in export subsidy dues over 3 years: Nevine Mansour
967 Egyptian companies benefit from lump-sum export subsidy dues payment initiative
Disbursing second batch of fifth phase of lump-sum payment initiative in December
Trade Minister, P&G Regional CEO discuss expansion plans in Egyptian market, increasing export rates
During the meeting, Gamea discussed the state’s keenness to provide the necessary support and assistance to industrial companies operating in the Egyptian market, adding that the government is working to enhance the investments of these companies, whether by establishing new projects or implementing expansions of the existing factories.
Egypt’s International Cooperation Minister, Director-General of Arab Investment and Export Credit Guarantee Corporation discuss areas of cooperation
This is part of the ministry’s effort to hold periodic meetings with bilateral and multilateral development partners to advance economic relations and bolster cooperation as part of Egypt’s 2030 Vision.
Egypt has spent EGP 27bn in export subsidy dues so far: Trade Minister
She added that 925 exporting companies benefited from the initiative after being extended from January to April, receiving EGP 4.3bn after deducting all taxes and gas debts.
Egyptian MP Elsallab submits briefing request to halt raw wool exports
The brief covers suppliers of raw wool refraining from supplying the product to local manufacturers, who double its prices, and export it abroad without any industrial operations to benefit from high international prices.
Rameda’s new antiviral medication successfully opens up new export markets
Levant region has lion’s share of group’s export volumes in Q1 2021
Egyptian Government to disburse export subsidy arrears on 17 June
The repayments will take place through the second phase of the immediate cash payment to support the government to exporters initiative.
Egypt pays EGP 2.4bn in export subsidy dues: Trade Minister
This contributes to providing cash liquidity to enable exporting companies to fulfill their obligations towards their customers, preserve employment
Egypt’s Trade Minister meets export councils to discuss new subsidy programme
New export subsidy programme aims to deepen national industry, develop Upper Egypt and border areas
1,601 companies benefit from 2nd phase of lump-sum export subsidy dues payment
Total of EGP 5.6bn was dispersed in FY 2019/20, in addition to EGP 2.4bn from 1 July to 25 November
EDA launches export subsidy initiative to support local pharmaceutical industry
Initiative reviews, updates all export procedures at EDA, to ensure they comply with global regulatory rules
Egypt reports 4.7% decrease in trade deficit during November 2020: CAPMAS
Trade deficit reaches $3.3bn in November 2020, versus $3.4bn in November 2019
2nd phase of lump-sum payment of export subsidy dues approved: Finance Minister
Beneficiaries can access initiative’s second phase at Finance Ministry from 7 to 28 February
Egyptian cabinet reviews lump-sum payment initiative of export subsidy dues
1,069 companies receive EGP 10.3bn in export subsidies
Egypt’s imports shrink 12% in 2020: Trade Minister
Country starts domestic manufacturing of some production requirements instead of importing them
Egypt offers extra stimulus package for IT exporters
ITIDA launches IT export programme covering proceeds for 2019 and 2020
Egypt provides EGP 21bn to support exporters during 2020: Finance Minister
1,069 companies benefit from lump-sum payment initiative to settle export subsidy dues before 2021, says Minister Maait
Egyptian engineering exports grow by 8% in H1 of FY 2020/21
Egypt’s engineering exports increased by 8% to $1.340bn in the first half (H1) of fiscal year (FY) 2020/21, compared to $1.240bn during the same period of FY 2019/20.
Egyptian engineering exports grow 6% in 5M FY 2020/21
Egypt’s engineering exports increased by 6% to $1.11bn in the first five months (5M) of fiscal year (FY) 2020/21, compared to $1.05bn during the same period of FY 2019/20.
Egypt’s chemicals, fertilisers exports reach $4.165bn in 10M of 2020: Abul Makarem
The Chemical Industries Export Council, headed by Chairperson Khaled Abul Makarem, has announced that Egypt’s chemicals and fertilisers exports during the first ten months (10M) of 2020 amounted to about $4.165bn.
1,137 requests for lump-sum payment of export subsidy dues reviewed: Official
It comes as part of the lump-sum payment initiative recently announced by the Egyptian government, to settle the delayed dues of companies with the fund.
Egyptian Commercial Service expects $2bn export opportunities in chemical, fertiliser industries
The study highlighted that there are nine target markets in Africa, namely Kenya, South Africa, Uganda, Ethiopia, Senegal, Tanzania, Zambia, Djibouti, and Ghana.
Korean companies export $700m of “Made in Egypt” products to Africa, Middle East annually
Korean Ambassador in Cairo Hong Jin-wook took the unusual step of playing Egypt’s national anthem himself on the saxophone, while a group of Egyptian artists played the national anthem of Korea.
World Bank praises Egypt’s customs law, reforms to export-import system
Improving business environment is top priority for government’s action plan, says Trade Minister
Investors to start receiving lump-sum payment of export subsidy dues on Sunday: Gamea
Fund receives applications from 903 exporting companies, submission to continue until end-November, says Minister Nevine Gamea
EIPICO to export 100,000 Remdesivir vials to 11 countries
The countries that will receive the Egyptian manufactured vaccine are Russia, Ukraine, Kazakhstan, Uzbekistan, Moldova, Belarus, Kurdistan, Tajikistan, Poland, the Czech Republic, and Slovakia.
Investors can apply for lump-sum payment of export subsidy dues in November: Maait
The initiative has been designed to provide exporters with cash liquidity required to fulfil their obligations and preserve employment.
Egypt to settle 85% of export subsidy arrears early November: Maait
The decision was announced by Mohamed Khamis Shaaban, Secretary-General of the Egyptian Federation of Investors Associations (EFIA), following his meeting with Maait last Wednesday.