Latest in Tag: Ministry of Supply Highlight
Latest in Tag: Ministry of Supply

Ministry of Supply to start third stage of ration-card system’s reforms in April
During third stage, ministry will look into appeals of ration cardholders who got excluded during second phase

50%, increase in consumer consumption of goods in Ramadan: Ministry of Supply
Egypt’s Minister of Supply and Internal Trade Aly El Meselhi said in a television interview that the volume of consumer’s consumption of food commodities during Ramadan is 50% higher than other months. Manufacturers and traders are achieving high profits in this Holy month, despite of the large price cuts such as extreme discounts of up …

Egypt to implement electronic linkage of food commodity outlets: Supply Ministry
Ahlan Ramadan food exhibition to be held at Cairo International Convention Centre

In midst of recession, clothes retailers call on Ministry of Supply to start sale season early
Only about 10% of displayed winter clothes have been sold, says head of FEDCOC ready-made clothes sector

Commerce chambers rage against Supply Ministry, describe confiscation of goods as “unlawful”
The Federation of Egyptian Chambers of Commerce (FEDCOC) denounced the Ministry of Supply and its Investigation Bureau for confiscating food commodities found in storage, with traders or in factories. Over the past few weeks, the Investigation Bureau at the Supply Ministry has been raiding factories, stores, and storage spaces, confiscating the goods it finds—especially sugar, …

Former Supply Minister denies staying in hotel on cabinet expenses
Hanafy resigned in late August amid wheat-supply corruption claims

Wheat fraud case another blot on Supply Ministry’s corruption file: PFORT
Partners for Transparency counts 64 cases of corruption in state institutions

Falsely reported wheat supplies worth at least EGP 4bn: Fact Finding Committee
Committee inventoried 10 silos, while other regulatory authorities examined 100 storage centres

Sugar prices stabilise in the local market despite global volatility: Ministry of Supply
The Sugar Committee, headed by Minister of Supply and Internal Trading Khaled Hanafy, decided to maintain the stability of sugar prices in ministry outlets and in private sector markets despite the global volatility of prices in order to provide sugar at low prices for citizens, especially low-income citizens, and to increase its strategic reserves of …

Tahya Misr launches first education investment fund with EGP 100m
A committee to examine schools’ potential locations and designs across Egyptian governorates is currently being formed in cooperation with Japan, says director

Supply Ministry receives 350,000 tonnes of wheat from local suppliers
Armed Forces Engineering Authority built 17 silos this year with UAE economic assistance

Egypt attempts to contain repercussions of pound’s devaluation on food commodities
Armed forces will secure commodities for citizens at prices 50% less than their market counterparts

Local producers report inability to supply wheat to silos
Minister of Agriculture issued orders to form committees to survey unregistered wheat production areas

Egypt purchases wheat from France at higher prices
New contract agrees to purchase of 60,000 tonnes of wheat from France at $189.2 per tonne, in comparison to $185.4 per tonne agreement last month

Ministry of Supply initiates unified electronic trade network
The network will link wholesale companies, consumer complex companies, Food Industries Holding Company (FHIC), and supply stores

Prices of food items ‘increased’, minister promises control
Food prices will not increase following dollar rise, Hanafy says

GASC purchases 300,000 tonnes of wheat, reserves safe until June
Wheat quantities to be supplied in March from France, Romania, Ukraine, and Argentine

Ministry of Supply plans FIHC IPO
Studies on FIHC IPO and commodity exchange market to be finalised before year’s end

EGP 3.5bn in urgent funds to improve public services: Finance ministry
Ministry of Finance dedicates EGP 100m for facilitating industrial zones in different governorates

Cement prices stable in 2015 but uncertainly looms as market faces regulatory measures
Average cement production per week in December was recorded at 1m tonnes

Ministry of Supply signs protocol with Unilever to develop consumer complexes: Hanafi
Unilever helps branches market their products and provide solutions for extended storage of high quality, says supply minister

7 FIHC subsidiaries record EGP 15bn revenues in FY 2014/2015
FIHC aims to launch stock market issuances to increase capital

Supply minister meets with 3 companies to establish logistic zones
The three companies are Dia Corporate, Arma Group and Alsaeed Trading Company

Largest consumer complex in Upper Egypt inaugurated in Qena
The ministry is negotiating to buy 105,000 tonnes of Sudanese meat at a price of EGP 40 per kilo

104 corruption cases detected in August: PFT report
Highest number of cases occurred at Ministry of Supply, which saw 20 incidents

Rice exports resumed with annual 1m tonne limit
FEI says rice exports generate $600m for Egypt every year

EGP 2.8bn in urgent funds to improve public services: Finance ministry
Ministry of Finance dedicates EGP 74.1m for operation of non-economic railway lines and student subscriptions, says Abdel Fattah

Rice exports halted
Abdel Nour said the decision comes to meet domestic rice requirements

Sudan urges Egyptian investments in gold extraction sector: CBOS Deputy Governor
Egypt is afraid to do business in Sudan, despite the latter having great investment opportunities, says Elbashir

Ministry of Supply to negotiate with NBE Khartoum branch to import Sudanese meat
International companies welcome investing in Global Logistics Centre for Grain Handling and shopping project in Damietta, says El-Meseiri