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The programme aims to help SMEs open up in new international markets, and increase their exports in current ones, without incurring any financial burdens.
China accounts for over 20% of trade, 16% of FDI in Africa, says Union of African Chambers
During the council’s newly-formed Board of Directors’s first meeting on Monday, Abu Al-Makarem stressed the importance, strength, and attractiveness of the chemical industries sector to local and foreign investors. Minister of Trade and Industry Nevine Gamea participated at the meeting.
The company reported that net revenues stood at EGP 260.2m, down 40% quarter-on-quarter (q-o-q) and 23% year-on-year (y-o-y).
The report said 67% of these exports went to Saudi Arabia, Libya, Spain, the US, the Netherlands, Kenya, Italy, and Uganda at value of $113.077m.
Amgad El-Kady, General Manager of the Technology and Innovation Industrial Council
Factories risk halting operations if coronavirus crisis lasts for three months, says Berzi
Oil price collapse hurts MENA’s oil industry, says report
Government prepares urgent incentives to maintain production, export growth
Exports reached $253m in 2019, companies see Africa as promising
EGP 3.5bn company sales last year: Yassin
Egypt exports $12.3bn goods under QIZ protocol, said Hala El-Said
Abdel Moneim Mohamed, sales and marketing consultant at Konoz, said that in 2019 the company exported to several countries including Kuwait, Sudan, and Germany without having a factory, and it opened its first factory in Egypt at the end of last year to meet the growing export demands.
Optimistic about the citrus season, exports expected to increase
We are not optimistic about the potato market, and we are seeking to open new markets, El-Naggar claims
Expectations of an increase in demand for green beans, according to Al-Amry
Company invests EGP 25m in onion packaging, targets 20% in exports: Sarhan
Export Development Fund spends EGP 291m on 12 companies under stimulating investment initiative
Export Director at the company, Amgad Naseem, said the company is working to reclaim and cultivate 5,000 feddans in Wadi Al-Natroun and the 1.5m-feddan project.
It comes due to decline in Jordanian power plants’ gas consumption in winter
Exports fell by 600m scf/day: Source
Amr Abu Freikha, the EEC chairperson, said that electronic, electrical, household, and electrical industries, in addition to the medical, metal, machinery, equipment, and kitchen appliances are the most important engineering industries that have achieved an increase in exports.
EETC is negotiating new 2,570MW renewable energy projects, says Mashaly
We achieve higher economic return from exporting natural gas than liquefied gas: EGAS
Imports also witnessed a decline of 3% to record $57.709bn compared to $59.336bn during the same period last year with a decrease of $1.660bn.
The CAPMAS added in its annual bulletin of foreign trade 2018 that the total value of exports of non-petroleum reached $24.6bn in 2018, up from $22.5bn in 2017, an increase of 9.3%.
The report showed out that the highest exports were concentrated in five African countries, including Libya, Sudan, Kenya, Ethiopia, and Uganda, respectively, accounting for85.5% of Egypt’s total exports to COMESA countries.
Quantities include the foreign partner’s share at an average price of $55 a barrel, say government sources
Abu Fraikha pointed out that the most important countries that receive Egyptian engineering products exports are the United Kingdom, Saudi Arabia, the United Arab Emirates, Hungary, Slovakia, France, Iraq, Algeria, and Syria.
About 36% of Egypt’s imports are production inputs, says Nassar