Egypt's gold prices fall on July 31st    Egypt signs new exploration deal with Eni, BP    Sterling set for sharpest monthly drop since 2022    Germany says process towards recognition of Palestinian state 'must now begin'    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt's Electricity Ministry says new power cable for Giza area operational    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egyptian exports in February increase 2.3% year-on-year
The Increase is due to a recently-adopted programme to support exports, according to claim by Minister of Industry and Foreign Trade
Daily News Egypt Published in Daily News Egypt on 13 - 03 - 2016

The value of Egyptian exports in February increased by 2.3% year-on-year from EGP 1.4bn in 2015 to EGP 1.5bn in 2016.
Egyptian exports in January decreased by 11% year-on-year, according to an official statement from the Ministry of Industry and Foreign Trade.
The building materials sector exported the greatest value of products at $275m, followed by agricultural crops at $235m, fertilisers and chemicals at $225m, food commodities at $214m, engineering commodities at $180m, handmade crafts at $105m, ready-to-wear clothing at $93m, textile goods at $74m, upholstery at $49m, medical equipment and pharmaceuticals at $41m, furniture $29m, leather goods at $12m, and books at $2m.
Minister of Industry and Foreign Trade Tarek Qabil said the increase came following a cabinet programme to support exports with subsidies of EGP 1.5bn in 2016 and 2017.
The programme provides funds to the food, chemical production, engineering, and textile industries.
Qabil explained in a Sunday statement that the Export Development Fund will oversee the programme's operation from April 2016 to March 2017.
The programme will support exporting companies that increased their exports by 25% in 2016 compared to 2015.
Export companies have to submit documents and bills every six months to validate their profits.
Qabil has forecast that the programme will increase the value of exports by $2.5bn.
Egyptian exports to Arab counties increased this past October to $673.4m compared to $594.7m in October 2014, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS).
Meanwhile, imports from Arab countries declined from $1.1bn during that period to $640.2m in October 2015.
Egyptian companies exported products valued at EGP 195.5bn in 2014, compared to EGP 199.8bn in 2013.
Initial reports recorded the value of Egyptian non-petroleum exports between January and November 2015 at $16.76bn, a 17.3% decline compared to the $20.27bn in the corresponding period of 2015.

Clic here to read the story from its source.