Full financing by Egyptian Banks clears accumulated goods at Egypt's Ports

Sun, 24 Mar 2024 - 11:43 GMT

As of March, the accumulated value of goods at Egyptian ports, including petroleum products, stands at approximately $6 billion, Ghatouri added.

Total value of Egypt imports decrease by 13.5% in 2023

Thu, 14 Mar 2024 - 01:56 GMT

Italy and India were noteworthy as well, as Egypt imported goods worth $3.2 billion each from these countries. Additionally, Brazil's imports amounted to $3 billion, while Turkey and Kuwait had imports valued at $2.8 billion and $2.7 billion, respectively.

Egypt releases $1.7B goods from ports in 10 days, prioritizing essential commodities

Wed, 13 Mar 2024 - 02:56 GMT

"During the past 10 days of March, there has been an increase in the release rates of basic goods and directly supportive production requirements for the industry," the Finance Minister, Mohamed Maait, said.

Goods worth over $12B released from Egyptian ports since January

Thu, 07 Mar 2024 - 01:10 GMT

He added that the past few days witnessed a significant growth in the rate of customs clearance for goods according to the strategic priorities set by the state.

Egypt's PM initiates gradual release plan for $1.3B goods in customs with focus on essential commodities, medicines

Sun, 25 Feb 2024 - 03:24 GMT

This directive was given during a meeting on Sunday, chaired by the Prime Minister, to monitor the provision of necessary financing in foreign currency for strategic goods and medicines.

Egypt releases $131B imported goods, products in 21 months

Wed, 26 Jul 2023 - 01:50 GMT

The total value of goods is $136.4 billion, which means that there are goods worth $3.5 billion that have not been released yet due to the absence of delivery permits from the foreign source to the Egyptian importer, according to a statement issued by the Ministry of Finance, Wednesday.

Goods at Egyptian ports valued at $3.9B: Cabinet

Sun, 12 Mar 2023 - 05:39 GMT

Saad noted that those goods are waiting for customs releases to go out to the market.

Egypt announces release of goods worth $1.5B within Jan. 18-23

Tue, 24 Jan 2023 - 04:17 GMT

The Spokesman stated that the meeting witnessed a discussion of some proposals and mechanisms that would speed up the completion of procedures and the exit of containers at the ports.

Egypt’s PM in Alexandria to follow up on measures of releasing goods stuck at port

Sat, 31 Dec 2022 - 12:33 GMT

Egypt’s Prime Minister Mostafa Madbouli has visited Alexandria on Saturday to follow up on measures of releasing goods stuck at ports as per presidential directives.

Egypt has sufficient stock of goods, inaugurates 8K outlets for "Welcome Ramadan" exhibitions

Thu, 24 Mar 2022 - 02:44 GMT

"Egypt has a sufficient stock of goods which secures the availability of goods to citizens at reasonable prices," Madbouli confirmed.

Egyptian, Djiboutian presidents confer over Horn of Africa issues, joint projects

Thu, 27 May 2021 - 01:26 GMT

"It is my pleasure to be the first president of the Arab Republic of Egypt to hold a state visit to Djibouti, which plays a pivotal role in the region," President Sisi said.

Damietta Port receives 29 container ships, cargo vessels

Fri, 12 Mar 2021 - 11:15 GMT

The Damietta Port received 29 container ships and cargo vessels over the past 24 hours.

Egypt's Information and Decision Support Center launches app offering 2K types of data

Mon, 22 Feb 2021 - 12:22 GMT

Madbouli stated that the app is aimed at making available correct information in order to raise the awareness of people on various matters making good use of digital technology.

Shifting trends in maritime transport, logistics in view of COVID-19

Sun, 22 Nov 2020 - 10:50 GMT

The COVID-19 outbreak has caused a slowdown in consumption, and subsequently, international trade disrupting maritime transportation.

Egypt modifies tariffs on specific goods to encourage local manufacturing

Sun, 20 Sep 2020 - 05:22 GMT

The Ministry of Finance began implementing on Sunday presidential decree no.59/2020 on modifying tariffs on specific goods.

600 goods exported to MERCOSUR exempted from full customs as of Sept

Thu, 27 Aug 2020 - 01:20 GMT

The MERCOSUR agreement support increasing exports to the different international markets and opening new horizons for the Egyptian products, Gamea' said.

Egypt to establish electronic system to track goods for 1st time

Tue, 25 Aug 2020 - 01:37 GMT

It aims to deal in customs with goods contracted with a modern e-commerce system, with the possibility of pre-clearance and payment of customs duties before the arrival of the goods.

Finance minister reveals measures to help consumers benefit from 10% discounts

Wed, 05 Aug 2020 - 09:59 GMT

The initiative also aims to lift the burden on low-income citizens, who are given an additional 10% discount on all consumer goods offered for sale within the initiative.

New initiative supporting Egyptians by goods at reduced prices to launch Sunday

Sat, 25 Jul 2020 - 04:44 GMT

A presidential initiative aiming to support Egyptian consumer by providing goods at reduced prices will launch Sunday.

Cabinet reveals change in consumption rates of some goods, services

Sun, 28 Jun 2020 - 08:25 GMT

The Cabinet announced Sunday that the expenditure of citizens on medical products increased by 80 percent due to the outbreak of COVID-19.