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Government abandons decision to exempt imported poultry from customs

Prime Minister Sherif Ismail decided to cancel the decision to exempt imported poultry from customs for a period of six months, according to a press statement released on Monday. The decision was made to ensure what poultry products are provided at an affordable price, according to regular reviews. The statement did not provide a reason …

Daily News Egypt

Customs on imported cars increase by 66% after flotation

Customs charges on imported cars increased by 66% on Friday following the flotation of the Egyptian pound. This decision was made on Thursday when customs recorded a 52% increase calculated according to the price of the US dollar against the Egyptian pound in the free market, which will be reviewed on a daily basis. The …

Ahmed Amer

China trade performance slumps

China has logged worse-than-expected trade figures for July, with both exports and imports falling sharply. The world’s second-largest economy is feeling the pinch of lackluster domestic demand and mounting debt.

Deutsche Welle