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Importers can now turn the page on L/Cs
Moves on import curbs + privatization: Egyptian authorities removed import restrictions and approved the state ownership policy document on Thursday,…
Some imports will be released immediately from ports
A small sigh of relief: The Trade and Industry Ministry will allow the immediate release of some goods imported for…
Relaxation of import restrictions dominates the airwaves
Surprising no one, the CBE’s leaked new rules for facilitating FX for imports dominated the airwaves yesterday, with the nation’s…
Karmell, take two + everything is set for the National Dialogue to begin
SODIC has relaunched its Sheikh Zayed residential project Karmell, which was puton hold last year after the Housing Ministry decided…
Car sales fall 22% in May as industry struggles continue
Passenger car sales fell for the third consecutive month in May against a backdrop of continued economic headwinds and import…
Business conditions decline in May on inflation worries
Activity in Egypt’s non-oil private sector declined for the 18th month in a row in May as inflation continued to…
More trouble ahead for importers as customs exchange rate rises
Leading the airwaves yesterday: The Customs Authority’s decision to hike the USD customs exchange rate to EGP 18.65 this month…
Don’t hold your breath if you expect to buy a new car anytime soon
Need a new car? Good luck. Some foreign car manufacturers have suspended sales to Egypt after a change to how…
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