Egypt’s non-petroleum exports to the European Union (EU) rose by 38 percent in the first eight months of 2021, reaping nearly 4.1 billion euro, up from 2.9 billion euro in the same period in 2020, Egypt’s Minister of Trade and Industry Nevine Gamea stated on Saturday.
CAIRO – 15 November 2021: Ain Sokhna Port is witnessing an ambitious plan aimed at maximizing the economic return from the port, which occupies an exceptional geographical location among international trade lines.
The Egyptian Exchange (EGX) on Tuesday reacted positively to President Abdel-Fattah El-Sisi’s decision on lifting the state of emergency, with all its indices up in the morning transactions amid strong purchase operations by investors especially the major and leading indexes.
Egypt plans to liquidate five state-owned companies “in the near future” after all efforts to end their losses have failed, and will announce the names in December, Minister of the Public Business Sector Hisham Tawfik revealed on Tuesday.
Egypt’s finance ministry will fast-track the resolution of tax disputes out of court in a way that contributes to creating a suitable environment for business and encourages investors to expand their activities in the Egyptian market, Finance Minister Mohamed Maait told Omani Ambassador to Egypt Abdullah Al-Rahbi.
