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Bishay expected a price hikes in commodities ranging between 5-10% as a result of the delay of some imported shipments and goods, but the situation is under control.
The funds are within the $3bn agreement framework between Egypt and ITFC that was signed in January 2018.
Deleted members non-eligible beneficiaries, added Ministry
Contract signed between the Information Systems and Computers Centre and the Supply Commodities Authority to manage and supervise the operation of the system using the smart family card
CPA calls for study for the final price
While experts agree that the government’s decision to increase customs duties on 364 types of imported products will not greatly affect the rate of inflation, their views differ when it comes to the timing and how this move will actually affect the state and its citizens. Abou Bakr Emam, the head of Prime Bank’s research …
Chinese imports and exports in dollar terms dropped sharply in June as the country’s currency depreciated against the US currency. Falling commodities prices and weakening domestic demand also played a role.
Armed Forces Engineering Authority built 17 silos this year with UAE economic assistance
To reduce dollar shortage crisis at banks, the foreign currency deposit cap was raised to $250,000 a month for companies importing basic goods, according to Ghorab
The trucks will sell meats, chicken, fish, basic food commodities, vegetables, and fruits
New logistics system improves storage of commodities, says Supply Minister
FIHC aims to launch stock market issuances to increase capital
Merill Lynch, the Bank of America’s (BofA) wealth management division, released on Tuesday the results of its Fund Manager Survey for August. It showed a weakening outlook for the global economy amid fears over China, recording low sentiment towards emerging markets and the energy sector. While the concern over a Chinese recession continues, global investors …
EGP 500m additional subsidy for commodities on ration cards offered during Ramadan
The minister pointed out that enough quantities of cooking oil have been contracted to suffice for consumption till the end of July – a total of 172,000 tonnes – with a value of EGP 1.5bn. A supply of Brazilian poultry, 23,300 tonnes, was also contracted.
Citizens who have been out of country for over 6 months will also be removed
Minister of Supply says the project covers the construction of five investment and industrial zones for grains and food commodities with a total land use of 1.7m metres.
New ration card system provides citizens 20 privately and government-produced products including meat and chicken items, ministry says
Fuel prices to reflect on food commodities, says head of Citizens Against Price Rises Association
Food commodity prices offered at 30% discount, ministry says
Presidential candidate asserts he will not depend on fixing prices as a means of control
All products will be offered at a 25% discount
Discounts are meant to counterbalance increasing inflation rates, cabinet says
Oil sector will receive EGP1.106bn, ministry says in an official statement
The current interim government intends to reach a solution for the subsidies problem before it is replaced
Federation of Egyptian Chambers of Commerce: no alternative for “redeveloping trade” to adjust prices in the markets
Preliminary approval to set compulsory prices of vegetables and fruits if merchants fail to lower their prices within a week
By Farah Halime, Rebel Economy Egypt’s state oil company, the Egyptian General Petroleum Corporation, is in big trouble. It has racked up billions of dollars of debt in the last decade with some estimating its dues to banks and oil companies is as high as $20 billion. The magnitude of EGPC’s debts is such …