52114
Egypt Imports  Fall, Exports Rise
Egypt Imports  Fall, Exports Rise

Egypt Imports Fall, Exports Rise

Egypt Imports Fall, Exports Rise

Egypt’s imports have declined by $7 billion in the period from January to September, according to Minister of Trade and Industry Tarek Kabil, Ahram reported. Egypt’s exports, however, increased over the past 9 months, which contributed to decreasing trade deficit by $8 billion. From January to September, Egyptian exports increased by $1 billion compared to the same period last year, Kabil said. The minister said that building materials, chemicals, fertilizer, food industries, and furniture were the sectors that achieved the highest increase in exports. During his meeting with the heads of export councils, Kabil noted that the ministry is working on a new strategy to double exports over the next five years, in coordination and cooperation with various export sectors. The meeting dealt with reviewing the export council plans, in light of each sector’s export achievements, as well as visualizing the target plan for each council during the next phase.

 

Short URL : https://goo.gl/sMY1Wj
  1. https://goo.gl/rgtLBx
  • https://goo.gl/R97K2N
  • https://goo.gl/UIp3r6
  • https://goo.gl/5fl7xN
  • https://goo.gl/eyu5S9

You can also read ...

Innovation, Technology Should Boost Hong Kong Economy
Innovation and technology will become profitable in Hong Kong...
Annual expansion in the second quarter fell to 4.5%.
Malaysia cut its full-year growth forecast and reported much...
Government data shows the number of jobs created in July fell to the lowest levels in over eight years.
South Korea’s ranking officials revealed a disparity in their...
Canada Inflation Surges
Canada’s inflation rate surged to 3% in July, fueled by rising...
As technological progress makes people richer in terms of many basic goods and services, it may be inevitable  that more human activity is devoted to zero-sum competition for available income and assets.
Across the global economy, the potential for automation seems...
Trade War Won’t Dent China GDP
Analysts are trying urgently to evaluate the potential impact...
Italy to Launch New Infrastructure Plan
The government will launch a plan aimed at making Italy’s...
Amazon to Challenge TiVo With Live TV Recorder
Amazon.com Inc. is developing a new device that records live...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus