• Wednesday, 14 April 2021

    Gov’t introduces aluminum tariffs for three years

    All aluminum products will face additional import duties for a three-year period, Trade and Industry Minister Nevine Gamea said in a statement yesterday. A 16.5% tariff of the CIF (cost, ins. and freight) value of imported aluminum moulds, cylinders and...
  • Tuesday, 13 April 2021

    Current account deficit widens to USD 4.8 bn in 2Q2020-2021

    Egypt’s current account deficit widened to USD 4.8 bn in 2Q2020-2021, from USD 3.2 bn in the same period last year, according to our math based on central bank figures (pdf) released last night. The deficit grew 74% on a...
  • Monday, 12 April 2021

    Shipping companies will need to file with Nafeza from July

    Shipping companies will be required to send information about their cargo electronically to the Customs Authority’s new digital platform when the system goes live later this year, according to a recent decision by the Finance Ministry. Cargo data and documents...
  • Monday, 5 April 2021

    Also on our Radar on 5 April 2021

    Some 25 shipments of liquefied natural gas were exported via Egypt’s Idku LNG terminal in the first three months of 2021, sources told Youm7. More shipments will be exported from the Damietta and Idku liquefaction plants, sources added.Shipments began making...
  • Tuesday, 30 March 2021

    So long, farewell

    At least 113 container ships are traveling in both directions after the Suez Canal reopened to marine traffic yesterday evening, with more ships set to sail as of today 8am, Suez Canal Authority (SCA) boss Osama Rabie said at a...
  • Wednesday, 24 March 2021

    Also on our Radar on 24 March 2021

    A syndicate of domestic banks has agreed to almost double the value of a loan taken on by the Saudi Egyptian Construction Company to fund several projects, mainly in New Damietta, according to CEO Mohamed Taher. The company will now...
  • Wednesday, 24 March 2021

    What we’re tracking on 24 March 2021

    Good morning, friends. The big question on everyone’s mind this morning: Will investors step in today on the EGX to “buy the dip” after the EGX30 posted another day of losses yesterday. After spending the first quarter solidly in the...
  • Tuesday, 23 March 2021

    Damietta LNG plant ships first cargo to Europe

    The first Europe-bound LNG shipment from the Damietta liquefaction plant arrived in Belgium on Sunday — almost a month after the facility restarted operations and sent out trial shipments of gas following an eight-year hiatus, according to S&P Global. The...
  • Tuesday, 23 March 2021

    Damietta LNG plant ships first cargo to Europe

    The first Europe-bound LNG shipment from the Damietta liquefaction plant arrived in Belgium on Sunday — almost a month after the facility restarted operations and sent out trial shipments of gas following an eight-year hiatus, according to S&P Global. The...

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