Saudi Arabia receives approximately 540,000 Egyptian pilgrims annually, according to Secretary General for the Council of Saudi Chambers of Commerce and Industry Dr. Fahad al-Sultan. The pilgrims spend an estimated US$1 billion each year on Saudi (...)
Egyptian private- and public-sector officials have criticized the Foreign Ministry's seeming disregard for demands by the Trade Ministry's Trade Representation Agency for US$1.1billion in compensation to be paid out to Egyptian companies and workers (...)
Investment Minister Mahmoud Mohi Eddin is scheduled to start his new job as managing director of the World Bank in October, and sources at the Council of Ministers said the government has three scenarios following his departure.
The first scenario (...)
Minister of Industry and Foreign Trade Rachid Mohamed Rachid has referred recent complaints of price increases imposed by maritime services companies to the ُEgyptian Competition Authority.
The complaints were submitted by the Federation of Egyptian (...)
China is taking steps to curb the shipment of goods to Egypt, according to the state-run General Organization for Export and Import Control (GOEIC). The move comes as part of a deal between Egypt and China aimed at imposing tighter control measures (...)
The group Citizens Against High Prices have decided to file a complaint with the Egyptian Competition Authority against Ezz El-Dekheila Steel Company for raising the price of its products by an average of LE820 per ton during the month of April.
Ezz (...)
Iron companies have raised the prices of iron to be sold in February by between LE200 to LE250, after Ezz Steel Company raised the price of one ton of iron by LE230 yesterday. According to the new prices, one ton of iron will now be sold for between (...)
Prices of local poultry have seen an unprecedented rise over the last few days, bringing the price of one kilogram of poultry to LE20. As a result, Egypt has for the first time begun importing cheaper poultry from Oman, with lower prices.
The price (...)
According to informed sources, the government is currently thinking about raising the price of subsidized sugar sold at state cooperatives from LE3.50 to LE 4.50 per kilo. These sources say that prices of sugar extracted from beetroot--which will be (...)