Latest in Tag: import Highlight
Latest in Tag: import
EU ups import tariffs on China steel
While China is trying to define its future trade relations with the US, it’s been delivered a broadside from the European Commission. Brussels announced it had raised duties on Chinese steel imports.The EU executive said Thursday it had set anti-dumping duties on imports of hot-rolled flat steel products from China at a higher rate than …
High import cost opens the expansion file for oil crops cultivation
High oil import costs led to opening the cultivation of oil crops’ file. Abdul Moneim El-Banna, Egyptian Minister of Agriculture, said that the ministry will pay a great deal of attention to oily crops during the coming period to reach a production of 25% of oil needs in the local market. Agricultural experts and investors …
Om El Nour to inject EGP 30m to develop Sila Edible Oils plant
The new investment is directed to the development of production lines, Abu Bakr says
Egypt aims to import LNG shipments in 2018
Egypt is planning to import between 100 and 108 cargoes of liquefied natural gas (LNG) this year while preparing to begin production at two gas fields. This step will help the country approach its self-sufficiency target. According to a reporter from Bloomberg familiar with the matter whom asked not to be identified, the LNG shipments …
Banque Misr finances import of basic, non-basic goods by $1.37bn since flotation: chairperson
Amount of collected US dollars amounted to $850m from clients, while new savings certificates attracted EGP 71bn, says El-Etreby
Government abandons decision to exempt imported poultry from customs
Prime Minister Sherif Ismail decided to cancel the decision to exempt imported poultry from customs for a period of six months, according to a press statement released on Monday. The decision was made to ensure what poultry products are provided at an affordable price, according to regular reviews. The statement did not provide a reason …
New customs tariffs intended to reduce imports, encourage industry: Finance Minister
Amendments are in line with Egypt’s international obligations to the WTO, and prove the government’s monetary policy bias towards national industry
13.9% increase in value of Egyptian imports from East Asian countries in 2015
The Central Agency for Public Mobilization and Statistics (CAPMAS) recently issued its annual bulletin of trade exchange between Egypt and East Asian countries for 2015, including export and import statistics from Malaysia, China, India, Japan, Indonesia, Pakistan and South Korea The total value of imports from East Asian countries reached EGP 151.6bn in 2015 versus …
How should the government pace its reforms after the IMF loan approval?
On 11 November, the executive board of the International Monetary Fund (IMF) approved a $12bn three-year extended fund facility for Egypt, in support of the government’s economic reform programme. Ever since negotiations with the IMF started, the government has implemented a number of economic reforms, including passing the civil service and value-added tax laws, floating …
Economic professors, experts criticise government’s reform programme
IMF loan will not encourage Egyptian economy, says former finance minister
Banks begin providing hard cash to import non-essential goods on Sunday
Banking sector financed import of food commodities, medicines, and production inputs worth $2.492bn in 13 days, says the CBE
High US dollar exchange rate, import restrictions lift computer prices in 2016
PC prices increased by 60% while demand fell by 50%
Motorcycle division seeks audience with presidency after import ban on two-stroke engines
There was a 15% increase in prices following the decision, says Abdel Mouti
US dollar shortage negatively affects banks financing import operations, lending to projects with a foreign component
The US dollar shortage has negatively affected banks’ activities that are related to financing imports and lending to projects that include a foreign component, according to Amr Tantawy, managing director of Misr Iran Development Bank (MIDB) and board member of the Federation of Egyptian Banks’ (FEB) board of directors. Tantawy told Daily News Egypt that banks’ activities are divided between local and foreign trading …
Egypt importing meat, poultry from Russia is a political step
Brazil has best quality at best prices; Russia cannot export a commodity it imports
Government re-allows import of 0.05% ergot-infected wheat
The Egyptian government has back-peddled on its decision to reject any ergot-infected wheat
Taqa Arabia, Dolphinus call for licence to import gas from EGAS to private sector
Preliminary approval to be granted to companies that request licences to sell gas in local market, says source
Lack of clear industrial strategy, US dollar appreciation threaten to stop production
US dollar crisis facilitates flourishing of informal economy, says exporter
GOEIC rejects 116 imported food and industry containers for non-conformity
GOEIC is examining 14,720 imported food and industry containers
Egypt refuses EU demand to lift import restrictions
The decision was made to regulate imports and protect the Egyptian economy, says trade minister
CBE sells $120m to banks to release imported intermediate goods stuck in customs
El-Menilawy added that the CBE on Tuesday morning had asked the departments responsible for issuing letters of credit in banks to submit reports of the requests of customers whose intermediate goods are stuck in customs.
CBE provides $120m to cover pharmaceutical product import requests
The CBE called banks to cover their customers’ requests with the US dollars they obtained from the weekly tender, according to the assistant general manager of the financial sector at a private bank operating in Egypt, Osama El-Menilawy
Egyptian imports decline by 27% in January and February
Egypt’s recorded US$1.891bn in non-oil exports, an increase of 4%
CBE revises mechanism of US dollar allocation
The CBE allocated $120m to banks on Tuesday to finance the import of food commodities at a price of EGP 8.78
Strain on import procedures causes Egyptian automotive market to falter
EAMA asked to meet the central bank governor and three ministers, says spokesperson
CBE amends import regulations
The CBE said the new decision attempt to address the need for expediency when dealing with the geographic dimensions of food items
EGAS stops importing gas for fertilisers due to the late delivery of LNG shipment
Power stations consumed 2.65bn cubic feet and 23,000 tonnes of oil, says official
Protesters agree to end demonstration against import restrictions upon agreement with ministry official
Demonstrators are not importers but junior traders, says head of Importers Division
Four companies apply to import natural gas
EGAS is studying their credentials, official says
CBE sets new change on import controls
It will exclude all goods imported by air freight, software programmes, applications, computers, and their accessories