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English news

24-Apr-2016

Federation of Egyptian Industries calls on government to increase export rebate allocation to EGP10 billion

The Federation of Egyptian Industries (FEI) has made a request to the government requesting an increase in provisions allocated to export rebates to EGP10 billion/annum. FEI maintains that an increased rebate would help support exports; thus, offering support in alleviating the FX crunch that has hit the Egyptian market, the statement added. The statement also called for setting measures to facilitate the process for exporters including smoothing out the issuance of Letters of Guarantees and facilitating working capital or production needs. (Al Mal)

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