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FINANCIAL NEWS
Unicom plans USD 12mn of exports to Egypt
22 Feb 2016
(MENAFN) Unicom will depend on government institutions due to the instability of the Egyptian market, which is a trading firm with a specialty in trading in agricultural supplies.
Moreover, the Co. is one of the main exporting houses in Egypt and is united with local corporations, like United Commodities based in Syria and Tradigrain with premises in Dubai.
The firm expects USD 12mn value of exports from projects in the coming two quarters, which concentrates on exporting with rice, broken rice, broad beans and others.
“The complex problem is that prices skyrocketed in the local market when compared to the international market prices,” said Unicom Managing Director.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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