Egypt has postponed payments for its large wheat purchases, in some cases by months, reported Reuters, citing a government official and traders. Egypt, which grapples with a shortage of hard currency, is one of the [ More … ]
The shipments are reportedly held up at Egyptian ports as local banks struggle to secure US dollars to release them. Egypt’s hospitals are being forced to deal with a critical shortage of essential medical supplies [ More … ]
Amid a major hard currency crisis in Egypt the North African country is suffering a massive backlog across the country’s ports, with goods worth $9.5 billion are still stuck there. The Egyptian ports have recently [ More … ]
Managing Director of Citi Bank says the increased external trade environment will affect Egypt badly. Managing director and head of Emerging Markets Economics at Citi Bank David Lupin said Monday at Euromoney conference that if [ More … ]
The Egyptian poultry producers were shocked by the decision of Egypt’s Prime Minster to exempt the poultry imports from customs duties. The decision raised great dissent and anger among the local producers, who said that it would [ More … ]
BY: Abdel-Hafez Al-Sawi* The past days have remarkably witnessed an accelerating decline in the value of the Egyptian pound, to the extent that the decline in the pound’s value against the dollar occurred more than [ More … ]
Government officials in Qatar have declared Egyptian strawberries safe to eat amid concerns over whether the frozen fruit carries the Hepatitis A virus, said Doha news. This declaration came after samples of strawberries imported into [ More … ]
An official in the Sudanese government said that the Ministry of Finance and Economic Planning has recently issued a decision to ban the entry of the Egyptian ceramic products until the full payment of the [ More … ]
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