Latest in Tag: Exports Highlight
Latest in Tag: Exports

Egypt makes first exports of chemical products to Spain, Argentina
Country expects to send $5bn in chemical products to the two new markets by end of 2020

Trade Ministry announces resolution to impeded Egyptian exports in Kenya
Egyptian Commercial Service in Kenya coordinated with Kenyan authorities to life tariffs

Egypt resumes exports of alcohol, surgical masks, PPE against COVID-19
Gamea cancelled Ministerial Resolution No 186 of 2020 which put a stop to the export of alcohol and its derivatives, and Resolution No 187 of2020 which barred the export of surgical masks and infection prevention kits.

ECS calls on Egyptian companies to increase Mercosur exports
Egyptian exports to Mercosur countries increased to $490m during 2019

Kenya imposes 25% customs on Egypt exports, violating COMESA agreement
Trade exchange between Egypt and COMESA countries stands at approximately $2.5bn

Egypt’s QIZ exports to US amount to $12bn in 2005-2019: Nevine Gamea
34 companies join QIZ agreement with EGP 1bn investments

EDA introduces incentives to support pharmaceutical exports
New system enables pharmaceutical producers to export drugs before registering them with EDA

Egypt’s exports likely to increase to $100bn annually in 3 years: analysts
Though it is a big dream to reach $100bn of exports, Egypt has carried out recently some mega projects that seemed very difficult at the beginning to be fulfilled

Egypt aims to double medical exports over 3 years
Medical industries sector records $540m in exports last year

Egyptalum pressurised by falling exports, lower prices in Q4 of FY2020
Company invests about EGP 900m in productive cell overhaul operations

Egypt pays EGP 6bn in export subsidy arrears for FY 2019/20
Additional EGP 7bn allocated to support Egypt’s exports in FY 2020/21 budget, says Maait

Egyptian exports to US increase 27.5% in 2019: CAPMAS
Egyptian exports to US equivalent to 7.2% of Egypt’s total exports in 2019

Banque du Caire, Nile Pioneers cooperate to support SME exports
The programme aims to help SMEs open up in new international markets, and increase their exports in current ones, without incurring any financial burdens.

Egypt’s exports rise 2% in H1 2020, against global declines of 20%-30%
China accounts for over 20% of trade, 16% of FDI in Africa, says Union of African Chambers

25% of Egypt’s exports from chemical industries, recording $5.6bn
During the council’s newly-formed Board of Directors’s first meeting on Monday, Abu Al-Makarem stressed the importance, strength, and attractiveness of the chemical industries sector to local and foreign investors. Minister of Trade and Industry Nevine Gamea participated at the meeting.

Dice reports significant losses in Q1 of 2020, likely from weak exports
The company reported that net revenues stood at EGP 260.2m, down 40% quarter-on-quarter (q-o-q) and 23% year-on-year (y-o-y).

Egyptian steel, iron, cement exports decline 33% in 1Q 2020
The report said 67% of these exports went to Saudi Arabia, Libya, Spain, the US, the Netherlands, Kenya, Italy, and Uganda at value of $113.077m.

Egypt exports $20m worth of medicinal, aromatic plants, herbs in 1Q2020
Amgad El-Kady, General Manager of the Technology and Innovation Industrial Council

Egypt’s food exports likely to decrease 30% due to COVID-19: FEC
Factories risk halting operations if coronavirus crisis lasts for three months, says Berzi

Egypt’s exports, FDI underperformance to be exacerbated by COVID-19: WB
Oil price collapse hurts MENA’s oil industry, says report

Trade Minister meets exporters to discuss implications of Coronavirus outbreak
Government prepares urgent incentives to maintain production, export growth

Flour, par-baked and ready to bake products rank 2nd top food exports
Exports reached $253m in 2019, companies see Africa as promising

Beyti completes expansion plans, aims to increase exports to $25m
EGP 3.5bn company sales last year: Yassin

Government discusses doubling Egypt’s QIZ exports
Egypt exports $12.3bn goods under QIZ protocol, said Hala El-Said

Konoz targets $10m in honey exports in 2020
Abdel Moneim Mohamed, sales and marketing consultant at Konoz, said that in 2019 the company exported to several countries including Kuwait, Sudan, and Germany without having a factory, and it opened its first factory in Egypt at the end of last year to meet the growing export demands.

Extra Global targets EGP 44m of exports this season
Optimistic about the citrus season, exports expected to increase

Daltex bets on citrus exports this season
We are not optimistic about the potato market, and we are seeking to open new markets, El-Naggar claims

Luna Verde Export & Agri Investment to raise its exports to €28m this season
Expectations of an increase in demand for green beans, according to Al-Amry

Fruttella sales reach EGP 170m last year
Company invests EGP 25m in onion packaging, targets 20% in exports: Sarhan

Finance, Trade ministers sign 31 settlement agreements for late dues for exporters
Export Development Fund spends EGP 291m on 12 companies under stimulating investment initiative