Egypt’s business digest July 18: Foreign trade balance deficit down by 26%; Egypt’s total grants over past 5yrs reached $3.9 bln
Egyptian Minister of International Cooperation Sahar Nassr

CAIRO: No more browsing from site to site, view the top business news stories on July 18 here:


26% decrease in foreign trade balance deficit: CAPMAS

The value of the deficit of the foreign trade Balance reached 23.9 billion EGP during April 2016 versus 32.3 billion pounds for the same month of the previous year with a decrease of 26 percent, said a release by the Central Agency for Public Mobilization and Statistics (CAPMAS.)


Egypt’s total grants over past 5yrs reached $3.9 bln: report

Egypt’s Ministry of International Cooperation revealed in a report that the total grants the ministry signed during the past five years reached around $3.9 billion.

A source at the Ministry told Youm7 that Egypt has used $2.3 billion out of the total grants so far.


Egyptian businessmen seek Lebanese expertise targeting Africa markets

Egyptian businessmen will seek assistance of their Lebanese counterparts to open new markets for Egyptian exports in Africa by making use of Lebanese expertise and presence of huge investment in the continent, Youm7 quoted businessman Fathullah Fawzy, the head of Egyptian-Lebanese Friendship Association.

Fawzy said that his association will organize a trip for Egyptian businessmen to Beirut, as well as two trips to Ghana and Ivory Coast.


Blood derivatives drugs disappear at markets due to dollar crisis

Pharmaceutical market has witnessed a shortage in Biopharmaceuticals, including blood derivatives, blood clotting factors, anti RH ampoules and Albumin due to lack of dollar crisis.


CAMPAS to announced poverty rate in Egypt July 26

The Central Agency for Public Mobilization and Statistics (CAPMAS) will announced the results of the latest survey on incomes and spending for the year 2014/2015 on Tuesday, July 26.

The survey will show poverty rate in Egypt as well as all changes occurred in society during the past two years and know the average income and expenditure among citizens.


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