• Thursday, 6 February 2020

    Gov’t moves ahead with USD 10 mn JV to promote Egyptian products in Africa

    Gov’t moves ahead with USD 10 mn JV to promote Egyptian products in Africa: Public Enterprises Minister Hisham Tawfik met yesterday with potential shareholders in a planned USD 10 mn company to market locally manufactured products abroad, particularly in Africa,...
  • Thursday, 6 February 2020

    What we’re tracking on 6 February 2020

    The business community will be watching closely in the days ahead as regulators raise questions about two transactions that count among the largest M&As ever attempted in Egypt. The Financial Regulatory Authority has apparently required STC to make a tender...
  • Tuesday, 4 February 2020

    Trade growth between emerging economies is flatlining

    Trade growth between emerging economies is flatlining: Expectations that sluggish growth in developed economies would stimulate intra-EM trade look to have been proven wrong as trade between emerging economies continues to flatline, Steve Johnson writes in the Financial Times. Although...
  • Wednesday, 29 January 2020

    US-Egypt trade talks to restart next year

    US-Egypt trade talks to restart next year: Egypt and the US will re-enter negotiations over a bilateral trade agreement next year, US Ambassador Jonathan Cohen said on the sidelines of a conference at the American Chamber of Commerce in Cairo,...
  • Sunday, 19 January 2020

    New Valley to establish EGP 2.5 bn logistics zone

    The New Valley Governorate has begun work on a EGP 2.5 bn logistics zone that will be designated for dates and crops, according to the local press. The governorate signed a partnership contract with the Internal Trade Development Authority in...
  • Sunday, 12 January 2020

    What we’re tracking on 12 January 2020

    It was a quiet weekend on the home front, with the new agenda being driven by a mix of ‘regional’ developments and diplomatic issues. We expect business news to pick up this week with the effective end of the winter...
  • Thursday, 9 January 2020

    Egypt scraps customs on Turkish cars

    The Egyptian Customs Authority has begun applying the 0% customs rate on imported Turkish cars as stipulated in the Egypt-Turkey Free Trade Agreement, according to a brochure seen by the local press. Turkish exporters, which previously paid a 10% customs...
  • Thursday, 9 January 2020

    Cotton exports decrease by 17% this season

    Egypt’s cotton exports dropped 17% y-o-y during the first three months of this season, Cotton Exporters Association head Azza Rashwan tells Masrawy. Rashwan expects export volumes will continue to decrease during the current season on the back of lower areas...
  • Wednesday, 8 January 2020

    Egypt scraps Hydro Power Plant Executive Authority

    CABINET WATCH- Egypt scraps Hydro Power Plant Executive Authority: The Madbouly Cabinet approved draft legislation to abolish the Hydro Power Plants Executive Authority during its weekly meeting last week. Hydroelectric assets would be transferred to a new Renewable Energy Development...

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