The Egyptian Minister of Planning and Economic Development, Hala El-Saeed, reviewed the preliminary indicators of the country’s economic performance from July through September.
Author: Omar Assi
Producers will be required to direct 55% at the subsidized price of EGP 4,500 (USD 286) instead of EGP 3,300 (USD 210), the Ministry of Agriculture of Egypt said.
Brazil and Argentina are the top suppliers of Egyptian Starch & Glucose, an exporter that plans on adding new products to its export basket.
A group formed by five ministers and other government representatives will work to double Egyptian exports to African countries by 2025.
According to the president of the Egypt Internal Trade Development Authority, the country accounts for 15% of foreign investment in the continent. Ibrahim Ashmawy announced several new improvements for the Egyptian trade sector, such as a commodity exchange, strategic inventory expansion, and e-commerce platforms.
Liquefied natural gas and hydrogen exports from Egypt were up 900% in the third quarter of 2021, the highest rate in the world, according to a report of the OAPEC.
E-commerce accounts for 2.5% of the market in Egypt, and the sector has been achieving high growth rates.
Egyptian pomegranate exports surpassed 100,000 tonnes a year, and the minister of Agriculture announced China approved the product’s entry into its market.
Egypt’s canal was crossed by 1,847 vessels, with a net tonnage of 112.1 million tons in October.
The exhibition features a collection of pictures from Egypt dating back to the 19th century. These images were acquired by emperor Pedro II during his visits to Cairo in 1871 and 1876.
Egyptian agricultural exports year to date saw an increase of 600,000 tonnes from a year ago.
PepsiCo, Deloitte, Johnson Controls, Didi Chuxing, Philips, Siemens, and Samsung are among the 44 companies that announced the capital of Saudi Arabia as their choice for regional headquarters.
United International has invested USD 9.5 million in a poultry and cattle farming project in the Egyptian province of New Valley.
According to the Ernst & Young index, the United States and China occupy the top positions in ranking the most attractive countries for investment in the sector, while Morocco and Egypt are at the forefront among Arab nations.
