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Importers are still pushing back on the CBE’s new L/C system
Leading industry figures are still pushing back on the CBE’s requirement that importers open L/Cs: Legislators and industry reps are…
Also on our Radar
Home / Also on our Radar
Gov’t to pay more overdue subsidies back to exporters in April + Russia moves forward on Dabaa
Exporters to get more of their overdue subsidies back in April: Exporters in the fourth phase of the government’s program…
SFE sub-funds for state-owned stake sales?
The Sovereign Fund of Egypt (SFE) could launch a sub-fund responsible for managing the sale of state-owned companies on the…
Speed Medical’s FRA lawsuits suspended as it mounts appeal
Speed Medical (SPMD) appeals FRA lawsuits, to be reviewed on 11 June: Speed Medical said (pdf) yesterday that a Cairo…
Egyptians can visit Bulgaria with no covid paperwork + FRA joins financial literacy group
Fancy a trip to Bulgaria? It’s now sans-covid paperwork. Starting today travelers arriving to Bulgaria from Egypt no longer have…
Australia (sort of) re-opens to Egyptian air cargo + contractors feeling the squeeze
Egyptian exporters can (sort of) use air freight to ship goods to Australia again after Canberra relaxed a2015 ban on…
Edita to invest EGP 1 bn by 2025
EGX-listed snackmaker Edita plans to invest EGP 1 bn over the coming three years to expand operations, company chairman Hani…
GAFI could ban forex payments between shipping + cargo handling firms
No more USD payments on cargo handling? The Finance Ministry has directed the General Authority for Investments and Freezones to…
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