Latest in Tag: foreign trade Highlight
Latest in Tag: foreign trade
Egypt reports $69.96bn in foreign trade during 9M of FY 2019/20: CBE
Country’s imports recorded $49.012bn, while exports reached $20.953bn in same period
Egypt launched 1st of Gosoor project to promote foreign trade between Egypt and African countries
Project’s second phase to be completed in Q2 of 2020, says Egypt’s Minister of Public Enterprise Sector
Banks financed foreign trade operations worth $70.8bn from pound floatation to 14 December 2017: CBE
The total volume of foreign trade operations implemented by banks working in the local market, during the period extending from 3 November 2016 until 14 December 2017, reached $70.8bn, according to the Central Bank of Egypt (CBE). Importation operations financed by the banks since floatation up until now included basic and non-basic commodities. Production materials …
Banks financed foreign trade operations valued at $35bn since flotation: CBE
Decision to raise interest by 2% aims to curb inflation, CBE takes into account all society segments, Amer says
Banks’ foreign trade operations worth $28bn between flotation and 10 April
Documentary credits opened for $9bn, repayment of other collection and credit documents for $19bn
Banks finance foreign trade operations worth $7.9bn since flotation until 14 December: CBE
This sum includes the repayment of letters of credit and documents of collections worth $4.6bn, which were issued earlier, and new letters of credit worth $3.3bn
Deficit in trade balance down by 13.1% in July: CAPMAS
The deficit in the trade balance dropped by 13.1% in July to EGP 30.9bn, compared to EGP 35.6bn in July 2015, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) monthly bulletin of foreign trade statistics. In a statement issued on Wednesday, CAPMAS noted that the deceleration happened because the value of exports …
‘No blueprint for post-Brexit era’
Germany’s BGA foreign trade group has warned of the “dire consequences” of a Brexit for all sides. It added that it would be a severe blow to the German economy too, given the two countries’ close trade relations. The head of the Federation of German Wholesale, Foreign Trade and Services (BGA), Anton Börner, warned in …
Trade deficit sees 4.4% hike in Q3 of FY 2014/2015
In a country that is more dependent on imports, it is generally common to find a deficit in trade balance
Tense Egyptian-US relations evident in Africa summit
US is striving to expand its influence in Africa, Egypt heads project to develop its African interests, strategic expert says
$1.7bn cooperation agreement signed between Egyptian, Italian, Dutch companies
Rate of establishing new companies in March hits 9-year high, Abdel Nour says
Egyptian government aims to develop relations with Sudan: Abdel Nour
The Minister of Industry, Foreign Trade and Investment discusses with Sudanese government officials joint cooperation prospects between both nations
New holding company for mining industries approved
Minister of Industry and Foreign Trade Hatem Saleh approved the establishment of a mining holding company at the opening ceremony of the National Vision for Mining Wealth Conference held Tuesday. According to government officials, the move toward establishing a holding company for mining is proposed to boost investment in Egypt’s mining sector and expand mining …