Page 4 - Omar Assi News Today

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Arab Brazilian Chamber executives were received at the Egyptian Chamber of Commerce in Alexandria, where they discussed business opportunities in Brazil and scheduled a workshop for business people in the region on the subject.

Egyptians exhibiting at the Dubai show have noticed a significant increase in visitors and are excited by the upturn of business after three years hampered by the pandemic.

At a seminar on exports, an Arab Brazilian Chamber executive announced a mission to prospect business for the Egyptian chemical industry in Brazil this year.

The Egyptian government is encouraging the cultivation of crops such as soybean and maize to expand production and boost the local vegetable oil industry. Minimum price guarantees are expected to be implemented.

The Russia-Ukraine war prevented the sector from reaching the 2022 target; nonetheless, it had a marginal 0.5% growth in international sales. The local government restricted exports of some items to secure local supply.

The country has boosted the efficiency of public companies to enter the first and second phases of its public offerings program this year.

The Egyptian company has Brazil among its main export targets for 2023, according to an interview businessman Khaled El-Haggan gave to ANBA.

The Egyptian government is entering a new phase of rationalizing expenses, postponing new projects budgeted in dollars, and spending solely on essential needs.

This week, a trade mission with 43 companies from Egypt took place in Saudi Arabia. The Saudi market accounts for 7.5% of Egypt's food exports.