Egypt’s exports of chemicals decreased 10% in 1H2019 y-o-y to USD 2.4 bn from USD 2.7 bn in 2018 due to the delay of export subsidies and the low participation of companies in international exhibitions, Chemical & Fertilizers Export Council executive manager Walid Azzab said, according to AMAY. The government last month announced a new EGP 6 bn per year export subsidy framework.
More from Enterprise
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Gulf stock exchanges are growing in importance, but they’re still a long way from becoming capital market hubs -Fitch
The diagnosis lands in a year when UAE and Saudi…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…