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Industry Ministry intends to increase trade to reach 45% of GDP by 2020
33.5% Egyptian trade ratio to GDP in 2016, says minister
Trade minister heads to Geneva for WTO review of Egypt’s trade policy
Egyptian Trade and Industry Minister Tarek Kabil is heading to Geneva, Switzerland with an Egyptian delegation to participate in meetings to review the trade policy of Egypt, which is held periodically for all member countries of the World Trade Organisation (WTO). The meetings are scheduled to be held between 20 and 22 February 2018 at …
Current export duties on some mining materials to continue for 1 year
Decision aims at encouraging local industry, says minister of trade and industry
UAE investments in Egyptian market worth $6.2bn: Kabil
UAE is main trading partner to Egypt with trade exchange worth $5.851bn
Industrial investment map offers more than 4,800 investment opportunities: minister
Under the auspices of President Abdel Fattah Al-Sisi, the 3rd Egypt Investment Forum, organised by the General Federation of Chambers of Commerce in collaboration with the Union of Arab Chambers and Al-Iktissad Wal-Aamal group, was inaugurated on Saturday evening with the participation of more than 600 business leaders and development partners from around the world …
Polish company launches 1st dairy production complex in Egypt worth EGP 1.5bn
Production of first phase to begin by end-2018, says minister
Mars launches two new chocolate production lines worth EGP 750m
Company’s investments reach EGP 2bn, says minister
Transfer of 3.1m sqm of land in Sadat City to Industry Ministry: housing minister
Small industrial units exempted from payment of delay penalties in case of paying all dues within 4 months from date of advertising in newspapers
Egyptian exports to Russia rose 32.8% in 11M of 2017
Preliminary indicators show Egyptian exports to Russia will exceed $500m for first time in trade relations history between two countries, says Kabil
Parliament’s approval of IDA law allows implementation of industrial policies: industry minister
Law grants IDA right to directly allocate land for industrial activity under its jurisdiction without reference to NUCA, says Ragab
Industry minister announces establishing largest textile city in Sadat City
President Al-Sisi expressed interest of 50% government financing for project on condition of reducing implementation time
Expo Egypt portal to launch this month
The pilot version of the Egyptian portal “Expo Egypt” will be launched in the current month, according to Minister of Trade and Industry Tarek Kabil. Kabil said that the portal will serve as an electronic platform containing studies and information on foreign markets and will be a virtual market to link exporters with importers. He …
IDA to put forward 5m sqm of industrial development land this year: Kabil
Authority completed allocating 8m sqm of industrial developer land in 10th of Ramadan, Sadat cities
Chinese Jushi factory starts fourth phase of Fiberglass factory with investments worth $60m
Minister of Trade and Industry Tarek Kabil said that the Chinese Jushi Egypt For Fiberglass Industry is starting its fourth phase of production, which includes grinding raw materials and manufacturing packaging materials locally, with investments worth $60m. The minister said during his meeting with the company’s chairperson and the accompanying Chinese delegation that the construction process and starting …
$1.5bn, Egypt – UAE 2017 trade balance surplus in favour of Egypt : Kabil
Ministry aims at strengthening Egypt’s commercial relations with UAE, Says Minister of Trade and Industry
Industry Ministry completes procedures to offer 13 licensed industrial complexes
Minister of Trade and Industry Tarek Kabil said that his ministry is now finalising the procedures for offering 13 licensed industrial complexes under the Presidential Initiative for Youth Employment, a ministry statement said on Tuesday. He added that these complexes will be established in 12 governorates, including nine complexes in Upper Egypt. This includes two …
26% decrease in trade deficit in 11M 2017
Minister of Trade and Industry Tarek Kabil said that the trade balance deficit has decreased significantly, by 26%, during the first 11 months (11M) of 2017, versus 13% in 2016. He added that the trade balance deficit has reached $12bn, explaining that $10bn decline in imports and $2bn increase in exports in the first 11 …
1,202 factories were opened in 2017 with investments of EGP 27bn
Industry sector saw issuing of Industrial Licenses Law, launching the industrial investment map, offering 17.5 msqm in 201
11th WTO Ministerial Conference kicks off amid complex circumstances: trade minister
Egypt fully supports interests, priorities of African continent within framework of multilateral trading system, says Egyptian minister
2,000 industrial licenses issued since announcing bylaws
Minister of Trade and Industry Tarek Kabil said that his ministry, represented by the Industrial Development Authority (IDA), granted more than 2,000 industrial licenses during the three months that followed the passage of the Industrial Licensing bylaws in August. In a brief statement to Daily News Egypt, Kabil said that the bylaws for industrial licensing …
Industry Ministry seeks to attract British investment to automotive sector
The Ministry of Trade and Industry aims to increase British investments in the automotive, engineering, and textile sectors
Export Development Fund boosts shipping cost to Iraqi and Libyan markets by 50%: Kabil
This decision will increase exports to both markets by up to 25%, says minister of trade and industry
Currency flotation increased exports by $2bn: Tarek Kabil
The industrial area will help incur more foreign inflows to the country, the trade and industry minister says
Trade exchange volume between Egypt, Greece increases by 2.8% in first 9 months of 2017: Kabil
The value of Egyptian non-oil exports to Greece rose by 39% in the first nine months of this year compared to the same period last year, says Minister of Trade and Industry
Industry Ministry launches first industrial investment map includes 4,136 opportunities
Formation of joint Committee of Trade, Industry and Immigration ministries to promote industrial projects abroad, says Makram
Lack of affordable lands, enacting laws main challenges of new industrial investment map: investors
Minister of Trade and Industry Tarek Kabil launched the industrial investment map, which includes all available industrial investment opportunities in various governorates in Egypt. The data at the ministry’s website indicates that there are 3,886 industrial investment opportunities in 27 Egyptian governorates. In February, the ministry launched the first phase of the industrial investment map, …
Minister of Trade and Industry looks into financing Egyptian infrastructure projects with AIIB
The Minister of Trade and Industry, Tarek Kabil, has met with Yi Ian, the director-general of investment management operations at the Asia Infrastructure Investment Bank, in order to discuss the bank’s current projects in the Egyptian market and several projects and financing programs planned to be launched over the upcoming period in Egypt. The meeting …
US must intervene to reduce proportion of Israeli component in QIZ: Kabil
Current government has been forced to implement the harshest economic reform programme, and the indicators show that we are moving in the right direction
Launching small industries complex in Sukhna, includes 47 factories with investments worth EGP 800m: Industry Minister
We seek to achieve a real industry that increases GDP rates and create jobs: Kabil
Egyptian exports to Kenya jump 30%, imports fall by 27% during H1 2017: Kabil
There was a 239% increase in the trade balance between Egypt and Kenya, says Minister of Trade and Industry