Overall, engineering products’ exports saw positive growth, with an increase of 28% in FY 2020/2021
The index’s benchmark, which excludes crude oil and petroleum products, recorded an initial 116.84 in March from 104.09 in February
Importers and their agents will be able to pay 30% of dues in advance for their cargo before its arrival to Egyptian ports as part of efforts to speed up customs procedures
In a separate statement, Minister of Finance Mohamed Maait pointed out that the decision reflects continued confidence for the Egyptian economy
The latest allocated state budget is 6x higher than previously set aside in FY 2013/2014