Latest in Tag: Federation of Egyptian Chambers of Commerce Highlight
Latest in Tag: Federation of Egyptian Chambers of Commerce

Importers wishing to manufacture face several challenges: FEDCOC
Beshay said that the government recently offered importers facilities to convert to manufacturing instead of importing. However, the government did not practically clarify these incentives and facilities, according to Beshay.

Egypt telecom regulator holds symposium for stakeholders on market controls
NTRA stresses importance of new digital portal for import, licensing services

Federation of Commerce Chambers lends support to SMEs in 3 governorates
FEDCOC signs cooperation protocols with Egyptian banks to provide easy financing mechanism for youth

Freight, raw material prices hike globally: Egyptian Chambers of Commerce
Imminent increase in prices of imported goods driven by concern over increasing export rates with upsurge in costs

PM Madbouly holds first meeting of ‘stimulating investment ministerial group’
Businesspersons suggest collaboration with international marketing companies to promote the country’s investment opportunities

FEDCOC to consider a number of initiatives to control prices in 2020
Al-Arabi said that the FEDCOC coordinates with the Federation of Egyptian Industries (FEI) to encourage producers and importers to provide sufficient quantities of initiatives to meet needs of Egyptian market at discounted prices.

Visa, FEDCOC launch first Egypt Card Security Week
Week-long consumer education campaign is to promote safe online shopping habits and protection against different types of payment-related frauds

Industry and Trade Ministry holds meeting with concerned ministries to study new costs of transporting food products
Industry and Trade Minister Tarek Kabil was commissioned by the prime minister to hold a meeting with Transportation Minister Galal Saeed, Supply Minister Mohammad Ali Meselhy, and President of the Federation of Egyptian Chambers of Commerce (FEDCOC) Ahmed El-Wakeel to study the fees for transporting food products following the increase in the prices of …

Prime minister, FEDCOC to meet over security raids against factories on charges of trading sugar
Police measures will lead to a severe shortage in goods and threaten investments, says Ezz

Commerce chambers rage against Supply Ministry, describe confiscation of goods as “unlawful”
The Federation of Egyptian Chambers of Commerce (FEDCOC) denounced the Ministry of Supply and its Investigation Bureau for confiscating food commodities found in storage, with traders or in factories. Over the past few weeks, the Investigation Bureau at the Supply Ministry has been raiding factories, stores, and storage spaces, confiscating the goods it finds—especially sugar, …

Building material prices expected to increase: experts
Increase in US dollar exchange rate led to 22% rise in construction costs, directly affects residential unit prices, says expert

Sugar prices up from EGP 4,150 to EGP 4,500 per tonne
Egyptian Sugar and Integrated Industries Company was requested to clearly announce its prices
Egypt to host Economic Investment Conference in November
Conference will be attended by Arab, African and European business institutions and leaders
EDBE seeks to finance exporters to Russia: ERBC Sec-Gen
Egypt was not a destination for Russian investors during past 20-30 years, Ezz noted
FEDCOC, EU representative discuss reinforcing cooperation
FEDCOC presents economic and political roadmap, procedural and legislative reforms, investment opportunities
Chambers of Commerce flies to Russia for Economic Summit promotion
Egypt’s ambassador in Moscow says summit is “once in a life time” opportunity to enter Egyptian market

EGP exchange rate drops against dollar
Dollar exchange rate is up 10 piasters in 2 days in Egyptian banks following latest auction by CBE on Sunday to sell $40m at EGP 7.1901 per dollar
Economic conference to be held, over 1,000 business leaders to attend
Prime Minister and ministers of the economic, legislative, and infrastructure group will showcase investment opportunities
Alexandria chamber donates EGP 13m for development projects
Projects foundation for Social and Economic Centre to develop Alexandria, which the chamber is launching in cooperation with the armed forces

Business community rejects independent trade unions
Egyptian Federation for Independent Trade Unions member says business community should not decide for the workers on representation

Banque Misr to fund new educational initiative worth EGP 100m
The initiative is to give computers to be used by teachers, parents of students, and staff

Meda Finance to provide private sector funding of $22m
International donors and agencies expected to line up a total of $22m in funds available to private sector companies in the Mediterranean region

New protocol signed to encourage competitiveness
A new trilateral protocol has been signed to revitalise the domestic market and increase competitiveness among companies

Troubled Egyptian- Turkish trade relations: FEDCOC
The economic ties between the two countries are under threat after the Turkish Prime Minister’s comments regarding Grand Imam of Al-Azhar Ahmed Al-Tayeb