Tunisia’s Central Bank has raised the country’s key interest rate from 6.25% to 7% to counter inflationary pressures.
Author: Omar Assi
With investments from the United Arab Emirates, the factory can produce around 900,000 tons of beet sugar.
The brand opened a branch in Dubai last Sunday (1) to sell products like coffee, tea, nuts, dried fruits, dates and chocolate.
This week, the two Arab countries signed agreements providing for creating green hydrogen production plants in Egypt. The project also aims to export byproducts.
After getting through the pandemic, now Egypt’s food industry faces supply shortages. The situation is worrying given the demand of Eid, the holiday that marks the end of Ramadan.
In a meeting in the office of the Arab Brazilian Chamber of Commerce, Brazil’s ambassador to Egypt, Antonio Patriota, said the embassy is open to work together for strengthening Brazil-Egypt ties.
The Egyptian Ministry of Finance is studying a proposal that would oblige payments shipping agents to settle payments of taxes like floor fines at Egyptian ports in Egyptian pounds rather than in US dollars
The Egyptian market has been experiencing a surge in poultry protein prices in recent weeks, limiting purchases during Ramadan, a period when they usually increase.
The Egyptian government has provided resources as a down payment under the account of financing the purchase of the local wheat crop to encourage farmers to supply the largest amount possible and to expedite the payment of farmers’ due.
In a meeting this week, the Egyptian prime minister spoke with different ministries on the organization of the 27th United Nations Conference on Climate Change, which will take place in November in Sharm El-Sheikh.
This week, the Egyptian Prime Minister announced measures to protect the population from the global crisis. Decisions include increases in wages and social benefits, and tax cuts.
Despite the Egyptian habit of consuming much tea, coffee has gained ground in the country. The Abdel Maboud Coffee brand imports beans from Brazil and has grown by selling exclusive blends.
The Egyptian government will offer an incentive to local farmers selling wheat to the Ministry of Supply and Internal Trade.
The Egyptian government issued a resolution suspending sales to the international market of some food products for three months. The purpose is to contain price hikes and ensure supplies during Ramadan.
