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Etisalat acquires 9.8% stake in Vodafone
Etisalat acquires 9.8% stake in Vodafone: Our friends at the UAE telecoms giant Etisalat Group (e&) have acquired a 9.8%…
Dana oil output falls + Uh, which Gourmet was that, again?
Did we just say no to Brazil’s request for fertilizer? A meeting between Egyptian and Brazilian officials resulted in an…
Manufacturers get a break with exemption from L/C requirements for some imports; CBE will meet with some importers to make sure they have access to FX
Production inputs and raw materials will be exempt from CBE rules handed down inFebruary that has required the vast majority…
Egypt’s budget deficit narrowed in 9M2021-2022 + nothing will be left to rot in port over an L/C
Egypt’s budget deficit narrowed to 4.9% of GDP in the first nine months of FY 2021-2022, from 5.4% in the…
Tuk-tuk replacement still undecided + ABB to open train component plant in Egypt
The Madbouly government is in talks with an international automaker to produce vehicles to replace tuk-tuks, Public Enterprises Minister Hisham…
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…
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…
Trade Ministry explains export suspensions
Companies barred from importing their products didn’t submit their documents on time, says Trade Ministry: The decision to temporarily suspend…
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