Latest in Tag: FEI Highlight
Latest in Tag: FEI

Pound’s flotation creates a competitive price for local products in global markets: chairperson of FEI’s Chamber of Engineering Industries
The Egypt Automotive Summit is a great annual opportunity to exchange ideas and views for the development of the automotive industry, said Hamdy Abdel Aziz, the chairperson of the Federation of Egyptian Industries’ (FEI) Chamber of Engineering Industries. Ahead of the summit, Daily News Egypt sat down with Abdel Aziz to discuss his thoughts about …

Government to determine commodity profit margins with FEDCOC, FEI next week: Prime Minister
Government in full coordination with CBE to overcome the US dollar crisis

FEI machinery and equipment division looks to hold annual exhibitions in Africa
The division targets $1bn worth of machinery exports to Africa in the coming years, says division head

Ceramics division demands intervention from PM to save ceramics industry
Increase in gas, US dollar prices pushes up production costs and decreases exports by 50%

Ministry of Industry establishes Handicrafts Industries Chamber
The chamber includes industries of handmade textiles, pottery, porcelain, ceramics, woodwork, metal handicrafts, carpets and jewellery

Dollar devaluation against EGP to contribute in paying-off importers bills: FEI head
CBE provided $1bn from a total of $4bn to meet the requests for foreign currency in import contracts

Automotive industry strategy included in unified manufacturing law: FEI Chairman
Ministry of Finance is reviewing law before presenting it to cabinet

CBE governor, FEI representatives discuss industry problems
This year is the one most challenging years for monetary policy, says Hisham Ramez

‘Egyptian Industrial Product Preference’ regulation will decrease foreign product imports: FEI board member
The regulation states that the proportion of Egyptian components in industrial products should not be less than 40%

CBE sells $281m Sunday, instead of usual $40m to banks
This Sunday and 1 March saw larger than usual amounts supplied to banks, CBE sells $420m at beginning of March in interbank market

Government has no clear vision for automotive industry in Egypt: FEI official
Engineering industry presented automotive strategy to Ministry of Industry, received no response
Federation of Egyptian Industries submits proposal amending automotive sector taxation
By Ahmed Amer The Federation of Egyptian Industries (FEI) has submitted a proposal to the ministries of Industry and Finance to amend the tax and customs system in place for the automotive sector. The proposal includes reassessing the sales tax on local and imported cars to boost domestic products, and granting advantages and competitiveness against …

Prices for import cigarettes rise
Head of Tobacco Division at FEI denies official move to raise prices

Electricity and Energy Ministry to cut down on summer time electricity flow
Members of Federation of Egyptian Industries say they were not informed of the decision

ECS: Egypt exports to the US under GSP programme total $50m
Egyptian Commercial Service president Anwar Sahragti highlights benefit of trade programme

$150m investment losses reported in Port Said
Many factory employees unable to show up to work due to roadblocks, acute among those working in port facilities

Tax proposal draws tobacco industry’s ire
The government singling out the tobacco industry, says the Head of the Tobacco Division at the FEI

Incentives to attract companies away from the grey economy
Ministry of Investment uses incentives to divert grey economy into formal economy
Government discusses ways to amend new tax decree
Minister of industry and foreign trade discusses increase of diesel prices with members and board of directors of the Federation of Egyptian Industries