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FINANCIAL NEWS
Egypt’s imports drop by USD7bn
24 Oct 2016
(MENAFN) Egypt’s imports have dropped by USD7bn in the Jan-Sep period of this year, while its exports increased over the cited period, which contributed to falling deficit by USD8bn.
Accordingly, building materials, chemicals, fertilizer, food industries and furniture were the sectors that achieved the highest growth in exports.
In addition, the chemicals sector has achieved a remarkable growth in export rates, particularly to the African market, where exports to Nile Basin nations grew by 147pct in 2015.
Meanwhile, the council aims to organize a conference on competitiveness in the field of engineering industries in November.
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