Egyptian prime minister Moustafa Madbouly received Arab Brazilian Chamber of Commerce and Union of Arab Chambers heads last weekend in Cairo.
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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.
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
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 institution issued an initiative to guarantee import operations through covering risks associated with issuing letters of credit.
Executives from the Arab Brazilian Chamber of Commerce and the Egyptian Food Export Council met during Gulfood in Dubai and discussed initiatives to increase food trade between Brazil and Egypt.
The company executive says it will participate in the APAS show to learn about the needs of the Brazilian market for spices, seasonings, and plant-based beverages.
Covertina is an Egyptian company specializing in chocolates. Its products reach 25 countries, including Ecuador, Costa Rica, and Panama.
A USD 40 million investment provided by a US agency to develop the internationalization of SMEs in Egypt could generate up to USD 255 million in exports.
