Latest news with #InformationandDecisionSupportCenter
See - Sada Elbalad
7 days ago
- Business
- See - Sada Elbalad
Egypt's Non-Oil Trade Deficit Narrows as Exports Surge in Q1 2025: Cabinet Report
Ahmed Emam The Information and Decision Support Center (IDSC) of Egypt's Cabinet has released the 17th edition of its quarterly report on non-oil merchandise exports, offering an in-depth analysis of Egypt's non-oil trade balance for the period spanning Q1 2024 to Q1 2025. According to the report, Egypt's non-oil trade deficit shrank to $5.6 billion in the first quarter of 2025, down from $6.4 billion in Q1 2024—marking a 12.5% decrease. The improvement is attributed to a significant rise in non-oil merchandise exports, which outpaced the growth in imports. Egypt's non-oil exports climbed to $13 billion during Q1 2025, up from $9.7 billion in the same quarter last year, reflecting a robust year-on-year growth of 34%. Meanwhile, non-oil imports increased to $18.6 billion from $16.1 billion, representing a 15.5% rise over the same period. The report also highlighted quarter-on-quarter progress. Non-oil exports in Q1 2025 grew by 17.1% compared to Q4 2024, when export value stood at $11.1 billion. Among Egypt's top export groups, 'Natural or Cultured Pearls and Precious Stones' led in value, reaching approximately $2.9 billion in Q1 2025—a dramatic surge from $305.3 million in Q1 2024. This group alone accounted for 22.4% of Egypt's total non-oil exports, up from just 3.1% a year earlier, making it the only group among the top ten export categories to increase its relative weight. In contrast, several other major export categories saw a decline in their export share. These included: >> Edible fruits and nuts (from 8.9% to 6.6%) >> Iron and steel (from 5.3% to 3.3%) >> lPlastics and plastic products (from 6.6% to 4.8%) >> Vegetables and edible roots and tubers (from 7.1% to 5.4%) The report also includes an analysis of Egypt's trade balances with key global partners, though further details were not disclosed in the summary. This latest edition underscores Egypt's improving trade performance and diversification of its export base—driven notably by a surge in precious stones and jewelry exports—despite global economic headwinds. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
See - Sada Elbalad
05-07-2025
- Business
- See - Sada Elbalad
Egypt Climbs 8 Spots in UN Human Development Index Over a Decade
H-Tayea Egypt has advanced eight positions in the United Nations Human Development Index (HDI) over the past ten years, according to a report released by the Cabinet's Information and Decision Support Center (IDSC). The progress reflects the government's ongoing efforts to invest in human capital as a cornerstone for building a prosperous and sustainable economy. Over the past decade, Egypt has implemented numerous programs, initiatives, and projects aimed at improving the living standards of its citizens. The report highlighted that these efforts have led to positive transformations across various sectors of human development, including education, healthcare, and income levels, contributing to Egypt's notable improvement in the global HDI rankings. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
26-06-2025
- Business
- See - Sada Elbalad
Egypt Nears Sugar Self-Sufficiency with Major Boost in Domestic Production
Ahmed Emam Egypt is making significant strides toward achieving self-sufficiency in sugar production, thanks to government-led efforts to expand the cultivation of sugar crops and support associated industries. The Egyptian Cabinet's Information and Decision Support Center (IDSC) published a series of infographics detailing the progress on its official social media platforms. The campaign highlights a broader national strategy aimed at maximizing agricultural output and optimizing the use of available resources to boost food security and stabilize domestic markets. According to the data, sugar beet cultivation has increased by 25%, with cultivated land expanding from 600,000 feddans in the 2023/2024 season to 750,000 feddans in 2024/2025. This is expected to yield 2.5 million tons of sugar, up from 1.5 million tons the previous year. For the first time in Egypt's history, sugar production is projected to reach 2.6 million tons in 2025, compared to 2.3 million tons in 2014. The outlook is even more optimistic for 2026, with forecasts predicting a rise to 2.9 million tons. The government's efforts have already shown results in reducing imports. Egypt's raw sugar imports dropped by 54.5% in the first quarter of 2025, falling to \$111.1 million from \$244.4 million during the same period in 2024. The data also revealed that Egypt achieved 81% self-sufficiency in sugar as of March 2025. Authorities anticipate that sugar imports will no longer be necessary by early 2026. Current government-held stocks of subsidized sugar are sufficient to meet national demand for 13 months. In terms of infrastructure, Egypt now boasts eight major sugar beet processing factories. Among them is Canal Sugar, the world's largest single-line beet sugar factory, which currently has a production capacity of 350,000 tons and plans to increase this to 750,000 tons by 2026. Other key facilities include the El Sharqiya plant in New Salhiya City with a capacity of 240,000 tons, and the upgraded Delta Sugar factory, whose capacity has risen from 14,000 to 21,000 tons of beet per day. The government is also investing in enhancing the productivity of sugarcane. This includes the establishment of seedling production stations like Wadi El-Saaida, which will supply 160 million seedlings per season, and the Kom Ombo station, with a capacity of 30 million seedlings per season. To further incentivize sugar crop cultivation, the government allocated EGP 16 billion for sugarcane purchases in 2025, and EGP 7 billion to cover industrial operations. Reference prices have been set at EGP 2,500 per ton for sugarcane and EGP 2,400 per ton for sugar beet at a sweetness level of 16%. Additional incentives include an early harvest bonus starting at EGP 200 per ton for beet farmers. Sugarcane farmers whose yield exceeds 30 tons per feddan will receive a bonus of EGP 50 per ton, while those exceeding 40 tons per feddan will receive EGP 100 per ton. These initiatives represent a cornerstone of Egypt's strategic plan to secure essential food commodities, reduce import dependency, and reinforce agricultural sustainability. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Egypt Today
21-06-2025
- Politics
- Egypt Today
World Refugee Day: UN hails Egypt's refugee hosting experience as example to follow
During a meeting with the Cabinet's Information and Decision Support Center (IDSC) on Friday, Hamdan hailed Egypt's efforts, at the institutional and grassroots levels, in support of refugees, describing Egypt's experience in this regard as an example to follow. There are no official camps for refugees, who are integrated into the Egyptian society, which continues to welcome them with open arms, Hamdan pointed out. She noted that the UNHCR is working closely with various ministries, as well as educational and health institutions in Egypt, to provide joint support, which reflects positively on both refugees and the host community. Hamdan said that the UNHCR's visit to Egypt, set for June 24, comes at a crucial time to launch a response plan that deals with the fallout from the Sudanese and Syrian crises while meeting the needs of other refugees in Egypt and supporting host communities in Egypt. She highlighted the burdens Egypt bears to provide decent humanitarian support to these refugees. Asserting the UNHCR's keenness to highlight the suffering of refugees and asylum seekers around the world on World Refugee Day, observed on June 20, Hamdan said global funding is still not enough to provide for refugees' needs, given the mounting humanitarian crises and their complexity.
Middle East
04-06-2025
- Business
- Middle East
IDSC sheds lights on 8 most frequently asked questions about 'halal' certification for dairy, meat imports
CAIRO, June 4 (MENA) - The Cabinet's Information and Decision Support Center (IDSC) shed light Wednesday on most eight frequently asked questions about the government's decisions related to the "halal" certification through an infographic published on its official social media platforms. The infographic addressed the Cabinet's decision to cancel "halal" certification requirements for dairy imports, a move that generated a lot of discussions about the nature of the certification and its impact on Egypt's dairy imports, as well as its implications on imported meat and poultry. The infographic brought about the eight most frequently asked questions about "halal" certification for imported dairy and meat products. It said a "halal" certification is a process carried out by a credible and accredited conformity assessment body certifying that a company's products or services meet "halal" standards and requirements. The certificate's importance lies in assuring Muslims that the products they consume comply with Islamic Sharia law, thereby enhancing consumer trust and preventing confusion as to products' religious permissibility. The infographic said halal certifications are granted only to companies that meet required standards, and these companies are permitted to put on the "halal" label on their products. The certification applies to sectors related to food industries, cosmetics, and personal care products. Egypt's decision to cancel "halal" certification for dairy products stems from the concrete fact that milk comes from live animals. Hence, the idea of mixing halal dairy with non-halal dairy is considered illogical. International monitoring has shown that halal certifications are not required for dairy in Muslim countries and are mainly applied to meat and poultry. Egypt imports various dairy products, including powdered milk and cheese, all from well-known sources, the infographic further noted. These products undergo inspections to ensure they meet standard specifications and verify the type of milk giving animals that produce milk for human consumption. Regarding meat, the infographic clarified that Egypt imports around 50% of its meat needs from world countries. No meat shipment enters the country without being thoroughly reviewed by a specialized committee to ensure that the slaughtering process complies with Islamic (halal) methods of slaughter and that the shipment is fully prepared to enter the Egyptian market in accordance with Islamic Law (Sharia). (MENA) R R N/S A S
