{"id":628991,"date":"2018-05-20T03:55:30","date_gmt":"2018-05-20T03:55:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/trade-deficit-narrows-by-11-y-o-y-in-9m2017-18-planning-minister-at-cabinet-meeting\/"},"modified":"2018-05-20T03:55:30","modified_gmt":"2018-05-20T03:55:30","slug":"trade-deficit-narrows-by-11-y-o-y-in-9m2017-18-planning-minister-at-cabinet-meeting","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/trade-deficit-narrows-by-11-y-o-y-in-9m2017-18-planning-minister-at-cabinet-meeting\/","title":{"rendered":"Trade deficit narrows by 11% y-o-y in 9M2017-18 - Planning Minister at Cabinet meeting"},"content":{"rendered":"<p><strong>CABINET WATCH- Egypt\u2019s trade deficit narrowed by 11% y-o-y to EGP 26.8 bn in 9M2017-18,<\/strong> from EGP 30 bn in the same period last year, said Planning Minister Hala El Said during Thursday\u2019s Cabinet meeting, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/the-Council-of-Ministers-meeting-No.-120.aspx\">according to an official statement<\/a>. <strong>Non-oil exports for the nine-month period rose 12% y-o-y<\/strong> to EGP 17.5 bn, up from EGP 15.6 bn in the comparable period last fiscal year. Non-oil imports also dropped 3% y-o-y to EGP 44.4 bn.<\/p>\n<p><strong>Latest in state drive to make it easier to formalize land ownership: <\/strong>The Ismail Cabinet approved on Thursday lowering government inspection fees of EGP 2,000-10,000 on requests to legalize land ownership status, the deadline for which expires on 14 June.<\/p>\n<p><strong>Cabinet also signed off on proposed amendments to the national building code<\/strong> and has passed the bill on to parliament. The amendments give the the Local Development Authority power to award building and operating licenses for commercial and logistical projects, which is meant to facilitate processes and expand the agency\u2019s role. Other decisions from Thursday include:<\/p>\n<ul>\n<li>Review plans to<strong> partner with an international firm on the renovation of the Shepherd Hotel <\/strong>in downtown Cairo; <\/li>\n<li>A new <strong>law proposal to establish and govern tech universities<\/strong> that would be built first in New Cairo, Beni Suef, and Quesna.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- Egypt\u2019s trade deficit narrowed by 11% y-o-y to EGP 26.8 bn in 9M2017-18, from EGP 30 bn in the same period last year, said Planning Minister Hala El Said during Thursday\u2019s Cabinet meeting, according to an official statement. Non-oil exports for the nine-month period rose 12% y-o-y to EGP 17.5 bn, up from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628991","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"58c7e55d-c49c-4fe4-91ca-18d976eaf666","order":"0","is_powered_by":true,"section_story_id":"a2fbeb4e-fcb2-434c-924a-9eeb3e2167a1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628968],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trade deficit narrows by 11% y-o-y in 9M2017-18 - Planning Minister at Cabinet meeting - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/trade-deficit-narrows-by-11-y-o-y-in-9m2017-18-planning-minister-at-cabinet-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade deficit narrows by 11% y-o-y in 9M2017-18 - Planning Minister at Cabinet meeting\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Egypt\u2019s trade deficit narrowed by 11% y-o-y to EGP 26.8 bn in 9M2017-18, from EGP 30 bn in the same period last year, said Planning Minister Hala El Said during Thursday\u2019s Cabinet meeting, according to an official statement. Non-oil exports for the nine-month period rose 12% y-o-y to EGP 17.5 bn, up from [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/trade-deficit-narrows-by-11-y-o-y-in-9m2017-18-planning-minister-at-cabinet-meeting\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-20T03:55:30+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/trade-deficit-narrows-by-11-y-o-y-in-9m2017-18-planning-minister-at-cabinet-meeting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/trade-deficit-narrows-by-11-y-o-y-in-9m2017-18-planning-minister-at-cabinet-meeting\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Trade deficit narrows by 11% y-o-y in 9M2017-18 - 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Among those now out: Real estate developer Palm Hills Developments reported an increase of 15.5% y-o-y in net profit after tax for 9M2017, which\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639330,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/etisalat-egypt-net-profit-up-to-egp-1-8-bn-in-9m2017\/","url_meta":{"origin":628991,"position":1},"title":"Etisalat Egypt net profit up to EGP 1.8 bn in 9M2017","author":"enterpriseam admin","date":"26 October 2017","format":false,"excerpt":"EARNINGS WATCH- Etisalat Misr reported net profit of EGP 1.8 bn up for 9M2017, up from EGP 1.3 bn for the same period last year, according to a filing to the Abu Dhabi Exchange. Revenues for the quarter rose 13% y-o-y to EGP 8.3 bn during the period. Variances from\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635571,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/overall-budget-deficit-declines-to-2-of-gdp-in-1qfy2017-18-from-2-2-in-last-fiscal-year\/","url_meta":{"origin":628991,"position":2},"title":"Overall budget deficit declines to 2% of GDP in 1QFY2017-18 from 2.2% in last fiscal year","author":"enterpriseam admin","date":"7 December 2017","format":false,"excerpt":"Egypt recorded an overall budget deficit of EGP 85.3 bn for the first quarter of FY2017-18,or around 2% of GDP, compared to 2.2% (EGP 76.8 bn) in the same period last year, the Finance Ministry announced yesterday (pdf). Inflows into state coffers rose 33% y-o-y to EGP 129 bn during\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626422,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/02\/egypt-bop-nets-usd-11-0-bn-surplus-cbe\/","url_meta":{"origin":628991,"position":3},"title":"Egypt BoP nets USD 11.0 bn surplus -CBE","author":"enterpriseam admin","date":"2 July 2018","format":false,"excerpt":"Egypt\u2019s current account deficit fell 57.5% y-o-y to USD 5.3 bn in 9M2017-18, down from USD 12.5 bn in the same period last year. \u201cThis improvement was an outcome of the increase in both services balances surplus by 138.2% and net current transfers by 23.2%, [as well as a] retreat\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637116,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/earnings-watch-obour-land-2\/","url_meta":{"origin":628991,"position":4},"title":"Earnings Watch: Obour Land","author":"enterpriseam admin","date":"8 November 2017","format":false,"excerpt":"EARNINGS WATCH- Cheese maker Obour Land reported its 9M2017 net profit increased to EGP 176.5 mn from EGP 110.1 mn a year earlier. 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