The sector has begun recovery paving the way for figuring out demand levels, and hence, estimating supply and investments in the sector.
That was in the closing ceremonial activities of the staff capacity building program at the Ministry of Supply and the General Authority for Supply Commodities in cooperation with the International Islamic Trade Finance Corporation.
Production is double the market need.
The Egyptian company GRG and the Italian Sopria Holding Company – owner of Crai Retail Modeling – signed an MoU Sunday.
Minister of Industry and Trade Nevine Gamea issued Tuesday a decree suspending white sugar imports for another three months.
The Ministry of Supply and Internal Trade will replicate a charity initiative that took place on April 23-May 11.
They are made available at reduced prices.
Egypt's Ministry of Supply and Internal Trade affirmed, Wednesday, the availability of all food commodities at markets, affirming that there is no need to panic regarding goods amid the crises of Coronavirus (Covid-19).
The third phase of Gameaty outlets project consists of 1,800 outlets.
A number of trucks will be designed to sell frozen food.
The Ministry of Supply and Internal Trade started to electronically link the outlets selling subsidized goods with warehouses to inhibit embezzlement and random supply.
As per the subsidy system, the government should produce more than 11.4 billion loaves of bread monthly for about 76.4 million people who are eligible for the bread subsidy.
Those offices are being equipped with computers, photocopiers, scanners, fax machines, AC, waiting halls, and queue number machines.
The General Authority for Supply Commodities (GASC) announced on Tuesday it will invite a third tender to import white short and medium grain rice.
That is the second phase of an initiative that targets to limit granting in-kind subsidies to citizens who are really in need.
The minister told media that internal trade would be transformed in 2019.
The shutdown of the 315,000-bpd El Sharara oilfield in Libya also helped push up Brent, traders said.
The trade war between the world’s two biggest economies has weighed heavily on global trade, sparking concerns of an economic slowdown.
Front-month Brent crude oil futures were at $67.41 per barrel at 0746 GMT, up 65 cents, or 1 percent, from their last close.
U.S. crude futures CLc1 plunged 7 percent on Tuesday, to settle at $55.69, their lowest level this year, down from a four-year high only a month ago.