Egyptian government and CBE tackle soaring prices of essential commodities

Wed, 04 Oct 2023 - 06:02 GMT

In an official statement released on Tuesday, the Cabinet announced that an initiative to tackle this problem is being designed, with all the specific details set to be unveiled next week

Arab states imported 1.73 million agricultural commodities from egypt

Mon, 03 Jul 2023 - 09:09 GMT

The data revealed that the Arab countries imported 1.730 million tons, at a value of $938 million, representing 41% in quantity and 38% in value.

Egypt's strategic reserve of commodities "safe", wheat sufficient for 7.3 months: Min.

Tue, 09 Aug 2022 - 02:47 GMT

Since the outbreak of the Russian-Ukrainian crisis, about 1.8 million tons of wheat of various origins have been imported.

FEDCOC head says food commodity prices see decline in wholesale markets

Sun, 13 Mar 2022 - 05:37 GMT

Arabi lauded the swift measures taken by the government to control prices amid the current global fluctuations in goods' prices.

PM: State not to allow any greedy trader to hoard, hide commodities

Tue, 08 Mar 2022 - 04:48 GMT

The prime minister stressed the importance of coordinating among all ministries and official bodies concerned to provide the local market with all its needs of essential commodities at affordable prices.

459 trucks, 418 tons of goods handled at Red Sea ports

Fri, 07 Jan 2022 - 10:31 GMT

The RSPA said in a statement Friday that the volume of exports reached 371 tons of goods, 202 trucks and eight cars.

Egypt dismisses fake FEDCOC report on commodities' prices

Fri, 11 Jun 2021 - 10:44 GMT

The statement asserted that most of the commodities, especially food commodities, will remain stable.

Govt denies rumors on increasing prices of basic commodities due to increase of gasoline prices

Tue, 27 Apr 2021 - 01:02 GMT

The Ministry of Supply said that the news is void of truth, the center said in a statement on Tuesday.

Egypt's strategic reserves of commodities sufficient for 4-6 months

Thu, 15 Apr 2021 - 01:14 GMT

The Ministry has adopted a strategic plan to develop the holding company's stores, which number up to 1,500 stores, as part of the digital transformation system that allows monitoring the movement of commodity circulation to and from those stores.

FEDCOC: Strategic stock of commodities sufficient for local needs' until after holy month Ramadan

Sun, 14 Mar 2021 - 01:37 GMT

In a press release, he added that this comes as commodities are available in stores, ports, also were shipped during the past period or other shipments expected to arrive in the upcoming period.

Egypt's foreign reserves covers about 8 months of commodity imports

Thu, 11 Mar 2021 - 01:32 GMT

El-Said clarified in a statement that there is a strategic stockpile of goods available.

Egypt's exports of top 20 non-oil commodities hit $242 mln in Sept.

Mon, 19 Oct 2020 - 07:22 GMT

Soya bean exports topped the list of the 20 most exported commodities, followed by sugarcane, fresh fruits and cheese, the report added.

How will commodity stock exchange company help Egyptian consumers?

Sat, 12 Sep 2020 - 02:06 GMT

Egypt announced establishing its first commodity exchange company as part of the country’s plan to develop its internal trade, as the commodities exchange will provide protection to small farmers and producers.

PM directs to secure provision of foodstuff commodities, medicines

Sat, 28 Mar 2020 - 03:42 GMT

The meeting was attended by Minster of Trade and Industry Nevin Gamea and head of the Federation for Egyptian Industries (FEI) Mohamed el Sewedi.

Egypt signs agreement with ITFC to support commodities by $1.1B

Wed, 04 Dec 2019 - 12:41 GMT

This comes as part of the agreement worth $3 billion signed in January 2018 between the Ministry of Investment and the International Islamic Trade Finance Corporation.

Cabinet denies shortage of commodities at consumer complexes

Fri, 18 Jan 2019 - 11:26 GMT

In a report, the center said that it contacted the Ministry of Supply which denied the reports.

China trade shock rattles European stocks, commodities

Mon, 14 Jan 2019 - 09:52 GMT

“We believe trade growth next year will slow significantly on huge uncertainty and high base,” Citi analysts wrote in a note, predicting China’s exports and imports to fall 5.1 percent and 6.8 percent respectively this year.

Egypt’s annual inflation drops to 13.1% in March

Tue, 10 Apr 2018 - 08:37 GMT

On a monthly basis, inflation increased 1 percent in March to record 269.8 points.

Egypt’s annual inflation falls to 14.3% in February

Thu, 08 Mar 2018 - 08:53 GMT

On a monthly basis, inflation increased 0.3 percent in February to record 267 points, compared to 266.3 points in January.

Trade deficit balance increases 13.8% in December 2017

Sun, 04 Mar 2018 - 11:35 GMT

Exports rose 23 percent, reaching $2.47 billion in December 2017, compared to $2.01 billion in the same month of the previous year.