Latest in Tag: import Highlight

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Latest in Tag: import


EGP41m value of importing ice cream in 10 months 

Egypt imported ice cream and other edible ice with value of about EGP 41m in the period from January to October 2016, according to Baseera. Egypt imported ice cream by $1.419m from across the world in 2016, compared to $2.2m in 2015. Data acquired from Trade Map website shows that France came in the first …

Shaimaa Al-Aees

First gas import license to be granted in 2018

An official source at the Ministry of Petroleum and Mineral Resources said that the executive regulation of the gas market regulation law is expected to be completed within the next month. According to the source, the members of the Natural Gas Market Regulatory Authority will be announced next month, while next month will also see …

Ahmed Ismail

Egypt to stop importing gas by end-2018: EGAS

According to Vice President of the Egyptian Natural Gas Holding Company (EGAS) Magdy Galal, the company aims to stop importing liquefied natural gas from abroad by the end of next year. According to Galal, the Ministry of Petroleum owns the bulk structure that qualifies Egypt to become a regional energy hub. It owns the Sumed …

Ahmed Ismail

GOEIC rejects 354 imported containers due to non-conformity

The General Organisation for Export and Import Control (GOEIC) received approximately 19,584 imported food and industry containers during October. Inspection results showed the validity of 19,230 containers, while 354 were rejected for non-conformity to standards. The report pointed out that the number of imported industrial containers was 12,135, while food containers amounted to 7,449. The …

Shaimaa Al-Aees

High import cost opens the expansion file for oil crops cultivation

High oil import costs led to opening the cultivation of oil crops’ file. Abdul Moneim El-Banna, Egyptian Minister of Agriculture, said that the ministry will pay a great deal of attention to oily crops during the coming period to reach a production of 25% of oil needs in the local market. Agricultural experts and investors …

Daily News Egypt

Egypt aims to import LNG shipments in 2018

Egypt is planning to import between 100 and 108 cargoes of liquefied natural gas (LNG) this year while preparing to begin production at two gas fields. This step will help the country approach its self-sufficiency target. According to a reporter from Bloomberg familiar with the matter whom asked not to be identified, the LNG shipments …

Farida Ismail

Government abandons decision to exempt imported poultry from customs

Prime Minister Sherif Ismail decided to cancel the decision to exempt imported poultry from customs for a period of six months, according to a press statement released on Monday. The decision was made to ensure what poultry products are provided at an affordable price, according to regular reviews. The statement did not provide a reason …

Daily News Egypt

13.9% increase in value of Egyptian imports from East Asian countries in 2015

The Central Agency for Public Mobilization and Statistics (CAPMAS) recently issued its annual bulletin of trade exchange between Egypt and East Asian countries for 2015, including export and import statistics from Malaysia, China, India, Japan, Indonesia, Pakistan and South Korea The total value of imports from East Asian countries reached EGP 151.6bn in 2015 versus …

Hossam Mounir

How should the government pace its reforms after the IMF loan approval?

On 11 November, the executive board of the International Monetary Fund (IMF) approved a $12bn three-year extended fund facility for Egypt, in support of the government’s economic reform programme. Ever since negotiations with the IMF started, the government has implemented a number of economic reforms, including passing the civil service and value-added tax laws, floating …

Hisham Salah

US dollar shortage negatively affects banks financing import operations, lending to projects with a foreign component

The US dollar shortage has negatively affected banks’ activities that are related to financing imports and lending to projects that include a foreign component, according to Amr Tantawy, managing director of Misr Iran Development Bank (MIDB) and board member of the Federation of Egyptian Banks’ (FEB) board of directors. Tantawy told Daily News Egypt that banks’ activities are divided between local and foreign trading …

Hossam Mounir