Latest in Tag: mounir fakhry abdel nour Highlight
Latest in Tag: mounir fakhry abdel nour

Economic reforms are weak and insufficient: 3 former ministers
The blurry monetary policy is an obstacle to economic growth, and development requires an effective political system, says former finance minister

Abraaj Capital partner, Tarek Kabil, sworn in as new Industry Minister
Tarek Kabil was sworn in as Minister of Industry and Foreign Trade, replacing Mounir Fakhry Abdel Nour.

Tariff adjustments to be imposed on all imported goods, except iron: Industry minister
The Ministry of Industry and Foreign Trade targets 9% of industrial growth, says Abdel Nour

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

Egypt and China to sign business deals, loans: Abdel Nour
CDB to provide $100m loan to finance SMEs, further Chinese grant of $30m for remote satellite sensing, says minister

Rice exports halted
Abdel Nour said the decision comes to meet domestic rice requirements
Dumping duties of 54%-77% to be applied on Chinese blankets: Abdel Nour
Market dumping phenomenon was confirmed, China informed complaints were accepted, says Al-Seginy

91 approved projects with investments of EGP 1.857bn: Industry Minister
61 investors received approvals on expanding their industries within and outside industrial zones with investments of about EGP 9.692bn, says Abdel Nour

El-Nasr Company plans to strengthen Egyptian products in Africa: Industry minister
The plan will take advantage of the 23 El-Nasr Company branches in 21 African and Arab countries to promote Egyptian products

Ministry of Industry continues free trade negotiations with African IMO, CEMAC blocs
Egypt is interested in cooperation with Africa, as it is the second-fastest region in the world in growth rate after Asia, says industry minister

‘Egyptian Industrial Product Preference’ regulation will decrease foreign product imports: FEI board member
The regulation states that the proportion of Egyptian components in industrial products should not be less than 40%

Russian delegation visits industrial development companies
The delegation is to decide which company is capable of developing the Russian industrial zone, says Al-Yafi

Cabinet cancels decision to ban cotton imports
Greece had threatened to ban Egyptian exports if cotton imports are banned

Abdel Nour discusses medical tourism investments with Russian company
The volume of medical tourism in Egypt is very low, representing only 1% of tourism income
Egypt discusses bilateral trade, joint investments with African ministers
Cairo will host meetings in September to discuss investment opportunities in Egypt, says Abdel Nour

Egypt seeks export increase to African countries over next 3 years
Egyptian imports from these countries amounted to approximately $810m during 2013, compared to $1bn during 2012. The most important receiving countries for Egyptian exports are Libya, Sudan, Kenya and South Africa, according to El-Leithi.

IDA issues 2,300 approvals in 10 months
Lands allocation system altered after New Investment Law’s ratification in March

Eshtaghal EXPO employment fair open for 2 days
PepsiCo offers 14,000 positions for youth

WASME to discuss new Egyptian SMEs law next month
Association will discuss cooperation to promote Egypt’s SMEs during meeting with Industry Minister

Industry Ministry studies new steel, cement licences
Head of Metallurgical Industries chamber says there is a gap between steel factories production capacity and actual production

Olympic Group renamed as Electrolux Egypt
Electrolux sells products in over 150 markets with total sales of EGP 99bn in 2014, says CEO

Abdel Nour meets Kenyan Minister of Agriculture
Ministerial meeting dealt with possible increase in Kenyan exports to Egypt, especially in products such as tea, fresh meat, live cattle
Government limits collection of value of commodities, services to EGP: Cabinet
Prohibition does not apply to tourists in Egypt, said Cabinet spokesperson

New investment law to be issued beginning of March: Investment minister
Any postponement of parliamentary elections would not affect Economic Summit, says trade minister

Egypt invites 100 Italian companies to Economic Summit: Abdel Nour
Government implemented financial, monetary reforms to restore global market confidence and reassure them about investing in Egypt, says Salman

190 Italian companies visit Egypt for economic cooperation
Mission targets talks for commerce and industrial partnership opportunities in the mechanical, renewable energy, infrastructure sectors

Commercial Registry draft law creates attractive investment environment: Minister of Supply
Investment environment’s attractiveness is particularly relevant ahead of March’s Economic Summit
Egyptian-Chinese Business Council formed
Minister of Industry and Trade Mounir Fakhry Abdel Nour issued a decree Monday stipulating the formation of the Egyptian-Chinese Business Council, headed by Ahmed Al-Sewedy. The decree stipulates in its second article, that the head of the Egyptian side of the Council will issue a semi-annual report on its efforts and activities to the Minister …

Consultations with Eurasian Union to sign free trade agreement: Minister of Industry
The agreement would open up a market of 400 million consumers
“Business News” launches annual “Egypt Automotive” Summit
The Business News Foundation for Press and Publication will launch “Egypt Automotive”, the annual summit for automotives manufacturing in Egypt, on 14 December. The summit falls under the sponsorship of Minister of Industry and Trade Mounir Fakhry Abdel Nour and Minister of Investment Ashraf Salman. The 2014 summit is held under the title “The future …