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Thailand expects 5% trade increase with Egypt by end of 2018

Thalerngsak Vongsamsorn, minister counsellor for commercial affairs at the Thai embassy in Egypt, expected a 5% trade increase by the end of 2018 compared to 2017, noting, “positive expectations resulted from market stabilisation. Our exports and imports were affected by the Egyptian pound flotation in November 2016, but now the situation is better.” Vongsamsorn told Daily News …

Hagar Omran

Egypt signs Japanese grant to develop automated system for collecting VAT

The Ministry of Investment and International Cooperation signed a Japanese grant on Sunday worth EGP 15.5m to develop an automated system to collect the value-added tax (VAT). This was done in the presence of Finance Minister Mohamed Moeit, minister of investment and international cooperation, Sahar Nasr, and Japanese Ambassador Takehiro Kagawa. A press statement from the …

Daily News Egypt

$4.9bn in trade exchange between Egypt, UAE in 2017

The value of trade exchange between Egypt and the UAE in 2017 amounted to $4.9bn, versus $2.8bn in 2012. This came according to a report prepared by the department of trade policies and international organisations at the UAE’s Ministry of Economy, which was reported by the Emirates News Agency on Sunday. The report stated that …

Nihal Samir

10 Egyptian companies look to invest in Poland, Slovakia

The Egyptian-Canadian Business Council will organise a trade mission to Poland and Slovakia next week to discuss further trade cooperation with the two countries. Moataz Raslan, chairperson of the council, said that the mission will include 10 companies operating in the oil and tourism sectors, as well as companies engaged in import and export, and …

Ahmed Sabry

Poland to close its trade promotion office in Egypt

The Polish government decided to liquidate its trade and investment promotion section at its embassy in Cairo starting from 1 February 2018, said head of the office Tomasz Przygoda. “30 April is the last working day in Egypt then the office will be closed,” added Przygoda noting, that the liquidation decision includes many other Polish …

Hagar Omran