Latest in Tag: Ministry of Trade and Industry Highlight
Latest in Tag: Ministry of Trade and Industry

Without safeguard measures, steel factories will stop, laying off 80% of labour
Increased imports caused damage to domestic industry, says investigation authority

Egyptian government has begun to protect local industry, expect to increase anti-dumping cases in 2018: WTO
“We await decision to impose protection fees on imports of billet for 3 years to protect domestic industry, reset prices,” says government source

Trade Ministry holds first meeting to formulate upgraded version of Export Support Programme
The Ministry of Trade and Industry hosted the first meeting to formulate new version of the Export Support Programme, with the participation of the heads of Export Councils. The minister of trade and industry, the advisor for SMEs, and the general coordinator of the Export Councils, Hossam Farid, said that this meeting comes within a …

$18bn decrease in trade deficit within 18 months, intention to reduce by 50% by 2020
Industry Ministry aims at increasing the contribution of industrial production to GDP between 17.7% to 21%, says minister

Trade delegation of entrepreneurs to UAE and Germany: Kabil
“It is essential to find brands for entrepreneurs’ product, market their products electronically to increase sales domestically and abroad”

Ministry of Trade and Industry approves 226 new industrial projects with EGP 8bn investments
Positive indicators reflect ministry’s strategy to promote development until 2020: Kabil

Egyptian companies to export $12m worth of goods to Iraqi market: Trade Minister
Egyptian exports to the Iraqi market amounted to $782m in 2014 and $470m in 2015

IDA has completed facilitation of 37 industrial zones in 20 governorates with funding worth EGP 4.4bn
Ismail Gaber, head of the Industrial Development Authority (IDA), said that the total number of industrial zones in Egypt has reached 129, of which 77 zones are affiliated with their respective governorates and 15 zones belong to the Ministry of Trade and Industry. Twenty of the aforementioned zones belong to the New Urban Communities Authority, …

$400m allocated by Ministry of Finance to support exports
This is the first time such a budget has been allocated from the General Budget, said Minister of Trade and Industry Tarek Qabil, adding that the amount allocated to support exports is EGP 6bn.

General Authority for Industrial and Mining Projects to finish seven logistical areas in Q1 2015: Official
Authority aims to establish 13 industrial areas to achieve fair investments distribution between governorates during coming months
Arab Banking Corporation allocates EGP200m for retail banking sector
Corporation supports retail banking sector over the next year with investment amid its share of stimulus activities
Egypt participates in African trade meetings
It will see Egypt talk to the Common Market for Eastern and Southern Africa (COMESA), Southern African Development Community (SADC), and East African Community (EAC)

Egyptian non-petroleum exports rise for first time in 2014: Industry ministry
Egyptian exports grow by 3% in May after continuous monthly decline since the beginning of 2014

Government eliminates subsidised energy for paper and glass industries
Industries no longer considered energy intensive, says government