Latest in Tag: trade Highlight
Latest in Tag: trade
Chambers of Commerce announce ways of curbing inflated prices
Federation of Egyptian Chambers of Commerce: no alternative for “redeveloping trade” to adjust prices in the markets
Labour unity is a red line: ETUF
Head of Egyptian Trade Union Federation explains their stance towards the proposed Trade Union Freedoms law
Foreign Ministers stress importance of Egypt-Russia relationship
Fahmy congratulates Russian diplomacy following US-Russia agreement on Syria chemical weapons
Car market on shaky ground
Car market sales in June registered a 17% rise compared to June 2012.
Eid Al-Fitr’s weddings and engagements bolster gold market
Local gold market witnessed a surge in sales and prices in Eid el-Fitr as Egyptians seize the vacation to hold their engagements and wedding ceremonies
Abdel Nour: Urgent measures to resolve economic woes, investment challenges
The minister said such steps would spur development and industrial production, improve the performance of the economy and decrease the burdens on citizens.
Industry and foreign trade ministeryto focus on increasing exports
Mounir Fakhry Abdel Nour announced that he is reviewing a plan to increase the industrial exports to EGP 145bn by the end of this year
Turkey suspends navigational lines with Egypt due to “financial constraints”
The shipping line, run and managed by the Sisa Shipping Company, connects the Iskenderun port in Turkey to Adabiya in Port Said, was suspended this week.
Turkish investors support Egypt despite political dispute
Turkish businessmen are committed to their strategy of increasing their investments in Egypt to $5bn by 2017, at a rate exceeding 300%
Ministers explore coal as substitute to natural gas
The aim of the committee is to study how coal can be used as an energy supplement to meet the needs of the industrial plants such as producers of electricity and cement
Government calls for energy efficient air conditioners
The ministry gave providers a one-year grace period to supply household energy efficient air conditioners
Morsi seeks closer trade ties with Brazil
Rousseff hailed her guest’s “historic” visit and the two leaders witnessed the signing of several technical cooperation accords
Morsi begins visit to Brazil
President Mohamed Morsi wants to learn from Brazil’s own revolution and social programmes, State Information Services says
Minister of Supply Inspects Giza bakeries
Orders shutting down a bakery after owner verbally attacked inspectors
Morsi holds talks with Eritrea and Sudan
Egyptian president meets with delegations from the Eritrean and Sudanese foreign ministries to discuss bilateral and regional issues
Qandil arrives in Doha
An Egyptian delegation led by Prime Minister Hesham Qandil arrives in Qatar on Tuesday evening to discuss eight new investment projects
Sudanese representatives in Cairo for meetings on Darfur
Morsi expresses support for Darfur reconstruction and strengthening of bilateral relations with Sudan
Chambers of Commerce: stability is our top priority
Heads of Chambers of Commerce emphasise the need for stability regardless of referendum’s results
Trade with Europe under threat
The Union of Egyptian Chambers of Commerce would be holding an emergency meeting to discuss how the president’s decisions would affect Egypt’s economic relationship with the European Union in the coming months
Qandil says he did not ask for aid
Algeria still holds economic potential
Egypt and Iran to foster trade ties
The Iranian official said exchanging agricultural products will be the start of improved relations between Iran and Egypt.
A conversation at the Embassy of Pakistan
Official outlines Egyptian-Pakistani relationship
iPhone 5 sales top five million in first weekend
iPhone 5 breaking sales records
Oil prices slide in nervous market
“The sudden sharp decline in crude oil prices late last night in New York remains a mystery today,” said CMC Markets analyst Michael Hewson
SODIC: no litigation against us
The Sixth of October for Development and Investment Company (SODIC), Egypt’s third largest real estate developer, reported to the Egyptian Stock Exchange that no lawsuits were filed against them by the Lebanese multinational real estate developer Solidere. According to AhramOnline’s report on Tuesday; Beltone, a Cairo-based investment bank, stated that Solidere announced Sunday its plans …
CAPMAS: Trade deficit has risen 48 per cent
By Hend El-Behary Egypt’s trade deficit nearly doubled, reaching EGP 17.6 billion in June, compared to EGP 11.9 billion in the same month last year, a 47.9 per cent jump according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). Exports have plunged by 18 percent, falling to EGP 14.6 billion, a decrease of …
US lodges WTO complaint over China auto subsidies
US Trade Representative accusing Beijing of at least $1b in illegal subsidies
Food Industries Holding Invests EGP 100m on expansions
By Mahmoud Salah El-Din Tarek Shaalan, Head of the food products companies sector at the Holding Company for Food Industries, said EGP 100 million have been allocated for investment in the year 2012-2013 to develop branches of the companies and open new ones. The development plan includes developing 45 branches of Nile, Ahram and Alexandria …
New initiative to maximise benefits of international trade agreements
By Inaam El Adawy The Federation of the Chambers of Commerce (FEDCOC) has adopted an initiative to review the trade agreements signed with Egypt in previous years. The initiative is aimed at seeking methods to derive optimal benefit from the agreements. “We are currently studying the free trade agreements between Egypt and other states, to …
Ending post-Soviet journey, Russia takes WTO seat
Moscow (AFP) — Russia on Wednesday crowned a tortuous 18-year journey from communist economic isolation by becoming the largest state outside the World Trade Organization to join the preeminent free trade club. Optimistic economists think the move will give Russia’s $2 trillion economy a serious boost and herald the end of an era marked by …