Latest in Tag: Ministry of Trade and Industry Highlight
Latest in Tag: Ministry of Trade and Industry
Egypt, Saudi Arabia enhance economic, social, cultural, media cooperation
Egypt and Saudi Arabia have held their second meeting as part of ongoing collaboration to enhance economic, social, cultural and media cooperation has taken place online.
SMEs Development Agency injects EGP 2.4bn in infrastructure over 6 years
Agency keen to continuously coordinate with International Cooperation Ministry in providing necessary funding for national projects
Trade, Military Production Ministers sign agreement to manufacture electric buses
Egypt’s Minister of Trade and Industry Nevine Gamea and Minister of Military Production Mohamed Ahmed Morsi have witnessed the signing ceremony of a joint manufacturing agreement to produce electric buses in Egypt.
Egypt, Switzerland discuss boosting economic cooperation
Egypt is keen to activate the European Free Trade Association (EFTA) agreement signed between Egypt and EFTA states: Minister Nevine Gamea
Egypt-Sudan promotion programme for youth projects detailed
It includes entrepreneurship programmes to familiarise young people with know-how to establish SMEs, prepare feasibility studies
Trade Ministry, IDB discuss increasing support to industrial, export sectors
IDB’s financing programmes aimed at contributing to implementation of government’s strategy to double Egyptian exports
Egypt, Sudan agree to utilise mineral resources for industrial purposes
They discuss removing obstacles that hinder flow of goods between two countries such as customs, taxes
Egyptian Trade Minister, Sudanese ministers discuss boosting bilateral trade
Talks covered developments in establishing Egyptian industrial zone in Sudan, re-operating Egyptian Commercial Center in Khartoum
403 investors apply to acquire industrial units in 7 complexes
Lease term for industrial units was extended from 5 to 10 years
Egypt’s imports shrink 12% in 2020: Trade Minister
Country starts domestic manufacturing of some production requirements instead of importing them
Egypt, AfCFTA discuss stimulating continental trade
Egypt is pivotal player in African trade system, says AfCFTA’s Secretary General
Trade Ministry, Attijariwafa Bank discuss cooperation in Egypt, Africa
Bank’s presence in Africa could enhance Egypt’s trade, industrial, and investment cooperation with other countries in continent
Egypt, ITFC sign finance cooperation programme worth $1.1bn
Programme to finance Egypt’s imports of basic commodities such as food and petroleum products
New tax facilitation in pipeline for SMEs: Trade Minister
MSMEs exempted from stamp tax, documentation fees, while custom duties on machinery, equipment reduced from 5% to 2%
Contracting procedures for old car replacement standardised across all banks: Trade Minister
Citizens can access payment plans up to 7-10 years under initiative
Procedures to allocate 7 industrial complexes completed by January 2021 end: Trade Minister
Work is underway to launch incentive fund to deepen local products, says Nevine Gamea
20,000 citizens register data under Car Replacement Initiative: Trade Minister
Egypt’s Minister of Trade and Industry Nevine Gamea has revealed that 20,000 citizens registered their data, during the recent Go Green Exhibition, to benefit from the government’s Car Replacement initiative. Gamea said that the initiative aims to convert and replace vehicles to run on clean energy and natural gas. Of the registrants, more than 10,000 …
Mahmoud Momtaz appointed as Egyptian Competition Authority Chairperson
Egypt’s Minister of Trade and Industry Nevine Gamea has issued decision No 640 of 2020 appointing Mahmoud Momtaz as Chairperson of the Egyptian Competition Authority (ECA). Prior to his appointment, Momtaz served as a Private Sector Development Specialist at the World Bank’s headquarters in Washington DC, a position he held since August 2018. During that …
250k natural gas vehicle conversions, replacements planned over 3 years
Programme saves 50% of money spent on traditional fuels, provides better income for taxi and microbus drivers, and decreases air pollution: Nevine Gamea
Egypt to launch ‘Go Green Exhibition’ for eco-friendly vehicles on Monday
Egypt’s first “Go Green Exhibition”, highlighting the conversion of vehicles to clean energy and replacement technologies, will kick off on Monday at the Egypt International Exhibition Center (EIEC).
Egypt reports respective 17%, 12% decrease in trade deficit, imports
Country’s exports stood at EGP 22.8bn in 11M of 2020
Egypt records industrial growth of 6.3% in FY 2019/20
Country sees investments in industry reaching EGP 49bn in FY 2019/20
Egypt, Afreximbank discuss strengthening cross-border trade in Africa
Egypt’s Minister of Trade and Industry Nevine Gamea held a digital meeting with President of African Export and Import Bank (Afreximbank) Benedict Oramah
Egypt, Jordan, Iraq coordinate on activating tripartite industrial, commercial integration
Egypt’s Ministry of Trade and Industry has commenced coordinating with Jordan and Iraq on activating industrial and commercial integration between the three countries.
Egypt halts ceramics, porcelain imports for 3 months
Decision aims to protect local productivity rates from fallout due to COVID-19 pandemic
NBE leads banking alliance to provide EGP 2bn in financing to Oilex
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an increase in financing for Oilex, an Egypt-based international company for the extraction of multiple forms of oils.
Ministry of Trade and Industry inspects factories for COVID-19 measures implementation
The inspections are to take place to ensure compliance with the measures to ensure worker safety in factories and production continuity during this delicate stage.
Egyptian drug companies to provide contracted medical supplies to ‘unified procurement authority’ for 3 months
Ministry decision aims to secure country’s needs of medical products to counter coronavirus
Egypt imposes 25% tariff on steel rebar, 16% on iron billets for three years
Since the beginning of this year, Egypt’s iron industry has been subjected to a legal battle started by integrated steel plants and hot rolled steel manufacturers after the Ministry of Trade and Industry issued a resolution in April, imposing a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days ending in October.
Egyptian exports to exceed $30bn by end of 2019: Nassar
Ministries of Trade and Industry, Finance, Transport discuss simplifying trade across borders’ procedures