Latest in Tag: Minister of Supply Highlight
Latest in Tag: Minister of Supply

Egypt has six months worth of sugar reserves: minister of supply
Egypt has sufficient strategic sugar reserves equivalent to six months of consumption, Minister of Supply Aly Moselhy said on Monday. However, the minister did not specify the exact amount of these reserves. Last week, Egypt cancelled a tariff imposed last year on sugar exports, the Ministry of Trade and Industry said in a statement received …

Wheat reserves at all-time high: Minister of Supply Ali Moselhy
Reserves adequate for 4.3 months, until end of April

Investment, supply ministries hand over loads of 24 cargo trucks to young people
Minister of Investment and International Cooperation Sahar Nasr, Minister of Supply Aly El Meselhi, and Head of Long Live Egypt Fund Mohamed Ashmawy handed over the loads of 24 refrigerated cargo trucks—each of which is 1.5 tonnes—to a number of young people. In a press statement issued Thursday, the Ministry of Investment noted that that …

EGP 14 increase on ration cards per citizen in Ramadan
Government supports 71 million citizens with 21 million cards worth EGP 21 per citizen, for a total of EGP 1bn

Challenges that new ministers face
On 16 February, Prime Minister Sherif Ismail got parliamentary approval for the new ministers that he had chosen for the cabinet reshuffle. The reshuffle comes during a time that is seeing extreme instability of the economy. The new ministers will also have to deal with the heavy burdens that citizens face after the implementation of …

Cabinet accepts Minister of Supply’s resignation
Reports about a limited cabinet reshuffle next week allegedly include the ministers of education, health, transportation, and investment

Egypt’s wheat reserves in question
Last May, wheat reserves were reported to be 165,000 tonnes

Egypt takes steps to launch commodity exchange in 2016
Legislative amendments on public business sector law to offer increases of holding companies’ capitals in EGX

Strategic wheat stock sufficient until mid-May: Minister of Supply
Date of next tender has yet to be scheduled, says Hanafy

State to adjust prices of 10 basic commodities: Supply ministry
A logistics zone was opened in Obour market to sort and package vegetables and fruit for consumer complexes, says Hanafy

Egypt’s commodities reserves sufficient until April
New logistics system improves storage of commodities, says Supply Minister

FIHC 7 cooking oil companies record EGP 950m in Q1 FY 15/16
The revenues of these companies in the first quarter of current FY 2015/2016 have recorded EGP 950m.

FEDCOC submits memo to Minister of Supply to cancel deposit maximum: Sources
CBE decreased EGP exchange rate against the dollar by 10 piasters on Thursday

Wheat reserves sufficient until March 2016
GASC contracts to buy 23,000 tonnes of wheat from Europe

National project to build 60 silos to be completed in January 2016
Arab, foreign investors welcome participation in Global Logistics Centre for Grain project

Egyptian families spend minimum of EGP 2,000 on food in Ramadan
Ministry of Supply offers food exhibitions to sell products at low prices

Integrated trade zones to be established using EGP 800m: Supply minister
The investments in the internal trade sector will increase from EGP 7.8bn to reach EGP 50bn

Government committee to monitor gas cylinders’ distribution on ration cards: Supply minister
The cards are currently being filtered of those who have passed away during the past three months, says the Minister of Supply
Egypt signs $6bn contracts to invest in commercial, food commodities projects
65m tonnes of grains and basic food commodities are expected to be traded annually through Logistic Centre, says Hanafy
Government limits collection of value of commodities, services to EGP: Cabinet
Prohibition does not apply to tourists in Egypt, said Cabinet spokesperson

Commercial Registry draft law creates attractive investment environment: Minister of Supply
Investment environment’s attractiveness is particularly relevant ahead of March’s Economic Summit

Sudan to invest in Damietta logistics project
This is the first official agreement for investment and cooperation in the logistics project signed with another country, says supply ministry

ITDA offers lands on usufruct basis for commercial, investment projects
Minister of supply says authority to establish commercial and shopping city near Suez Canal development with EGP 40bn in investments

Wheat stock sufficient until March: Supply minister
Egypt will receive 235,000 tonnes of wheat from France and Ukraine in December

Italy, Egypt cooperate in global logistics project
Global logistics centre to start in December, commercial and shopping area project to start soon

Egypt planning to store wheat for Arab countries: Supply minister
The minister estimated that savings to be achieved from the new bread subsidy system in the canal governorates will amount to 30% of the total subsidies provided.

Minister of Supply approves General Committee for Foreign Aid budget
Committee aimed at balancing prices of goods to meet citizens’ needs, says minister

Bread distribution system is a failure: Minister of Supply
The government’s subsidised bread programme has “allowed bakery owners to smuggle flour and sell it on the black market at higher prices,” Khaled Hanafy says

Minister of Agriculture reveals new strategy for marketing wheat
Strategy stipulates that PBDAC finance agriculture co-ops to allow them access funding prior to wheat season