Section: Egypt
Newly-appointed Ukrainian ambassador to Egypt presents his credentials to Ministry of Foreign Affairs
The newly-appointed Ukrainian ambassador to Egypt, Yevhen Mykytenko, presented copies of his credentials to the Assistant Minister of Foreign Affairs of Egypt, Chief of Protocol Hatem Tageldin. Mykytenko succeeds former ambassador Hennadi Latii, according to a statement of the Ukrainian embassy in Egypt on Tuesday. During the ceremony at the...
Egypt imposes temporary 15% import tariff on iron billets, 25% on steel rebar
Egypt’s Finance Ministry has imposed, on Monday, a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days. The ministry announced that the tariff aims to protect Egypt’s domestic iron and steel industry against dumping, and unfair competition. Local steel manufacturers have been calling on the...
Egypt accepts French wheat shipment after re-testing for ergot fungus
Egypt has restested a French wheat shipment that was rejected earlier for having high levels of the grain fungus ergot, and found to have acceptable levels, on Satuday. According to Reuters, citing Othman Mohammad Younes, general manager of the Safaga silo the cargo at the Red Sea port of Safaga will be offloaded and distributed to mills after...
Egypt rejects French wheat shipment for excessive levels of ergot fungus
Egypt has rejected a French wheat shipment for because of higher-than-acceptable levels of grain ergot fungus, Reuters reported on Tuesday, citing trade sources. According to the Codex Alimentarius, a joint Food and Agriculture Organization and World Health Organization guide, the accepted world standard was set at 0.05% as the maximum acceptable...
Al Dau Development launches Cairo West project in H2 2019 with EGP 2bn targeted sales
The real estate developer company, Al Dau Development, a subsidiary company of Sami Saad Holding, intends to launch a new residential tourism project in west Cairo during the second half (H2) of 2019, with an initial investment of about EGP 1bn, according to Fahd Derbala, CEO of Al Dau Development. Derbala told Daily News Egypt that the company...
Egypt’s tourism revenues hike by 38.7% during H1 of current FY: CBE
Egypt’s tourism revenues jumped by 38.7% during the first half (H1) of the current fiscal year (FY), reaching $6.8bn, compared to $4.9 in the period from July to December 2017, according to the Central Bank of Egypt (CBE). The CBE explained in its initial report on the Egyptian balance of payments that the travel surplus rose to about...
Third edition of International Media Tournament kicks off today in Hurghada
Under the sponsorship of Bibliotheca Alexandrina (Library of Alexandria), the third edition of International Media Tournament for media persons and journalists will be kicking off starting from Wednesday to Saturday, at the Maritime Sports Club in Hurghada, organised by the Federation of Sports’ Journalists in Lithuania. Seven teams will be...
IMF expects 70% of global economy to experience slowdown
The International Monetary Fund (IMF) expects 70% of the global economy to experience a slowdown over 2019, Christine Lagarde, the IMF managing director, said on Tuesday over her speech at the American Chamber of Commerce, before the IMF’s Spring Meetings next week. “But, to be clear, we do not see a recession in the near term. In fact, we...
El Reyada For Rice Milling eyes 25% growth in exports
El Reyada For Rice Milling aims to increase its exports by 25% compared to last year by expanding into new markets. Mahmoud Al-Waili, chairperson of El Reyada For Rice Milling, said that exports in the last year reached $40m and aims to increase that to $50m this year. He pointed out that the company has already started opening new markets last...
Ukraine to launch first flight to Alamain soon: ambassador
The Ukrainian ambassador to Egypt, Hennadii Latii, announced launching the first flight from Ukraine to the Al Alamain International Airport soon. During his meeting with the Egyptian Minister of Tourism, Rania Al-Mashat, Latii said that there are 110 flights between the Ukrainian and Egyptian cities. The Al Alamain International Airport is one...
