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Trade, Industry Minister discusses executive plan with Siemens delegation

Egyptian Minister of Trade and Industry, Amr Nassar, met Siemens delegates headed by Emad Ghaly, CEO of Siemens Egypt, to follow-up on the implementation of memorandum of understanding (MoU) signed by ministries of industry and trade, education, and technical education and training with the Siemens Company. This is in order to improve the competitiveness of …

Daily News Egypt

ECS to organise trade mission to Uganda in March

The Egyptian Commercial Service Office (ECS) plans to organise a trade mission to Uganda in March, according to Ahmed Antar, head of the ECS. Antar told Daily News Egypt that the ECS is organising several trade missions during the current year including to Kazakhstan and Turkmenistan. Furthermore, Antar elaborated that the trade missions will include engineering …

Shaimaa Al-Aees

Africa on path towards resolving economic challenges

It is estimated that by 2030, one in five people will be African. Given the continent’s population size, Africa’s labour force has the potential to prompt the global growth for decades. However, in order to do that, Africans must implement the necessary reforms today. As its population matures, governments, institutions, and organisations need to help …

Shaimaa Al-Aees

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