• Monday, 22 March 2021

    FinMin issues new Customs Act regs

    Companies importing capital goods they need to grow — including heavy equipment and machinery — could get a breather under upcoming changes to the Customs Act’s executive regulations (pdf), the draft of which the Finance Ministry has completed ahead of...
  • Sunday, 21 March 2021

    What to expect from the WTO’s new director-general

    Ngozi Okonjo-Iweala’s World Trade Organization: In a year of travel and trade disruptions, the World Trade Organization’s (WTO) role has been increasingly scrutinized. Many have questioned whether the organization can remain effective amid a rise in protectionism (most recently manifested...
  • Thursday, 18 March 2021

    Hop on board

    Egypt could join in a new USD 1 bn continental transit [assurance] scheme from AfreximBank, which is designed to encourage trade across Africa by improving tax collection and cutting back on trade costs. The new scheme will “help remove bottlenecks”...
  • Wednesday, 17 March 2021

    IFC, Alexbank to finance solar irrigation systems for Egyptian farmers

    Egyptian farmers could collectively save up to EGP 14 bn in fuel costs by using solar-powered irrigation systems, which the International Finance Corporation (IFC) will help finance by on-lending through Alexbank, the international lender said in a statement. The statement...
  • Thursday, 11 March 2021

    Also on our radar on 11 March 2021

    Hilton Hotels will open nine new properties in Egypt in the coming five years, adding another 1.7k rooms to its Egypt portfolio, Hilton Hotels Egypt Managing Director Mohab Ghali told Reuters. This will increase the number of rooms in Egypt...
  • Wednesday, 3 March 2021

    Also on our radar on 3 March 2021

    Fertilizer export tariffs raised amid commodities boom: The Trade Ministry has raised the duty imposed on nitrogen fertilizer exports as it looks to secure local supply amid rising global prices. Fertilizer companies will now pay EGP 600 to export a...
  • Tuesday, 2 March 2021

    The post-covid commodities boom: What it means for Egypt

    What does the global commodities boom mean for Egypt? In past weeks, speculation that we’re at the beginning of a so-called “commodities supercycle” has been spreading across the pages of the financial press. Commodities prices have been seeing strong gains...
  • Tuesday, 2 March 2021

    What the markets are doing on 2 March 2021

    Turkey is the new pin-up for emerging markets: The Turkish economy grew at a faster rate than all its G20 peers except China in the final quarter of 2020, thanks to a pick-up in consumer spending, according to Bloomberg. The...
  • Sunday, 28 February 2021

    The global chip shortage explained

    Finding yourself on a wait-list for the PS5? Thank the global micro-chip shortage: Supply disruptions are once again back in the forefront of news. This time it’s with electronic devices and car production, which have been hit by a shortage...

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