Latest in Tag: import Highlight
Latest in Tag: import

Al-Sisi excludes raw materials from latest import restrictions
President meets cabinet to discuss repercussions of global economic crisis on Egypt

CBE to stop accepting documentary collection in import operations
Branches of foreign companies will be exempted from this decision

Cairo, Moscow discuss solutions to lift import ban on Egyptian oranges
Egyptian exports to Russia increased 17.5% last year

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

Egypt’s imports shrink 12% in 2020: Trade Minister
Country starts domestic manufacturing of some production requirements instead of importing them

Egypt halts ceramics, porcelain imports for 3 months
Decision aims to protect local productivity rates from fallout due to COVID-19 pandemic

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

COVID-19 causes significant drop in Arab import bill: CAEU Secretary General
In response to rumours, Ambassador Mohamed Al-Rabei says he remains in his position until 2022

DP World Sokhna operates at maximum capacity to meet import requirements
DP World Sokhna has an annual capacity of approximately 1 million TEUs, which is set to increase a further 750,000 TEUs with the opening of Basin 2 in June 2020.

Egypt imposes temporary 15% import tariff on iron billets, 25% on steel rebar
Egypt’s Finance Ministry has imposed, on Monday, a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days. The ministry announced that the tariff aims to protect Egypt’s domestic iron and steel industry against dumping, and unfair competition. Local steel manufacturers have been calling on the government to …

EGAS granted right to issue gas import licenses to private sector: source
Companies stopped importing gas after Egypt’s production increased

Officially…Establishment of first Egyptian company to import cars with low profit margin of 6%
The Nile Car Gate Company for car importation was established on Monday 18 February 2019 with a profit margin of 6%. The company will play the role of a broker. Clients would choose a car, and the company would buy it and complete all the custom measures for the new owner. A conference by the …

Removing European car import customs tariffs causes inertia in Egypt’s used vehicle market
First week of 2019: traders maintain prices, customers wait for reductions

CAPMAS issues study on competitive advantages of exports, imports based on small industries
43% of exported goods have competitive advantage

Finance ministry considers increasing customs’ dollar exchange rate, importers oppose
Inflation will rise by 1%, if customs’ dollar exchange increased, says Pharos Holding official

I trust in the ability of Egyptian companies to get a share of Chinese market: Nassar
Exchange of presidential visits between Egypt, China is great proof of strength of their bilateral relations

$3bn saved by Egypt’s gas importation halting in 2018/2019
State paid about $280m monthly, says source

$387.6m worth of Egypt’s imports of wheat, maize, tea down from $478.8m in May 2017: CAPMAS
Egypt’s imports of wheat, maize, and tea declined in May 2018 to $387.6m, compared to $478.8m in May 2017, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The value of imports of wheat reached about $217.1m in May 2018 compared to $297.2m in May 2017. Imports of maize amounted to $154.5m compared …

Monthly oil and gas import bill falls to $550m: Petroleum minister
Egypt achieves self-sufficiency of gas by end of 2018, says El-Mulla

Egypt to import 400,000 tonnes of rice in year: AEC
Al-Sisi’s decision to import rice to end monopolies, says Al-Najari

EGP41m value of importing ice cream in 10 months
Egypt imported ice cream and other edible ice with value of about EGP 41m in the period from January to October 2016, according to Baseera. Egypt imported ice cream by $1.419m from across the world in 2016, compared to $2.2m in 2015. Data acquired from Trade Map website shows that France came in the first …

First gas import license to be granted in 2018
An official source at the Ministry of Petroleum and Mineral Resources said that the executive regulation of the gas market regulation law is expected to be completed within the next month. According to the source, the members of the Natural Gas Market Regulatory Authority will be announced next month, while next month will also see …

Egypt to stop importing gas by end-2018: EGAS
According to Vice President of the Egyptian Natural Gas Holding Company (EGAS) Magdy Galal, the company aims to stop importing liquefied natural gas from abroad by the end of next year. According to Galal, the Ministry of Petroleum owns the bulk structure that qualifies Egypt to become a regional energy hub. It owns the Sumed …

Stronger pound to ease beef prices, increase in consumption, imports forecasted: FAS
Tourism recovery will lead to US beef exports to Egypt

Egypt, Cyprus reach preliminary agreement to construct gas import pipelines
Construction phase to last 2 years, import begins in 3 years

GOEIC rejects 354 imported containers due to non-conformity
The General Organisation for Export and Import Control (GOEIC) received approximately 19,584 imported food and industry containers during October. Inspection results showed the validity of 19,230 containers, while 354 were rejected for non-conformity to standards. The report pointed out that the number of imported industrial containers was 12,135, while food containers amounted to 7,449. The …

Egyptian textile exports increase 12%, imports decline 59%
Cultivated cotton field areas increased to 215,000 feddans compared to 120,000 last year, says Kabil

Egypt imports cattle from Ireland after 20-year hiatus
In 2016, an agreement was reached between Irish and Egyptian authorities to ship livestock

Decline in demand of locally manufactured, imported cars by 50%
43% decline in February: 6,500 units sold

New controls will lead 30% of importers to exit market: businessmen
Restricted policies may decrease the import bill by $2bn by the end of the current year, says El-Naggar