Industry & Trade
Egypt's Fertilizers Exports Registered EGP1.8bln in Q1 of 2014
Published 2014-04-23 14:27:40| Mahmoud Hemdan
Egypt's exports of fertilizers registered EGP1.8 billion within the first quarter of 2014, move up by 76% compared to EGP 1.24billion exports of the same period of the last year. Reliable sources in the foreign trade sector asserted to "Amwal Al Ghad" that this exporting value increased which the domestic prices increased owing to the high demand, so that the demand crisis which dominated in the recent months of the last year has finalized. According to importer of fertilizers the sources revealed that EU gained almost 50% from the exports of fertilizers in the same period, 20% for the Arab countries and the Turkish market received around EGP250 million exports.
- Egypt's Fertilizers Exports Registered EGP1.8bln in Q1 of 2014
- 9 Firms Call Cairo Centers Maadi Park to Provide 54.000m
- EGAS: Natural Gas Delivery to Egypt Homes Hit 501K
- Egypt's Orascom Hotels 2013 Net Loss Hits EGP562 mln
- Minister: Egypt’s Exports Seen Rise to EGP170 billion in 2014
- Naguib Sawiris Eyes Gold Explorations in Egypt
- Huawei Says Reports Of NSA Spying Won't Impact Growth
- Zewail University Open to Fresh Applicants Despite Campus Crisis
- Egypt’s ICT Reviews New Tech-Areas on Supreme Commission of PPP
- Global Telecom Oks $350 mln Loans to Bangalink, Mobilink
Nine Egyptian and foreign firms operating in the domestic market demanded from Cairo Contact Centers Maadi Park to provide around 54.000 meter areas to offer its services inside the zone. The expected size of the area where will be provided within the upcoming period up around 17.000 meters, Eng. Mohamed AbdelWahab, Chairman at Cairo Contact Centers Park in Maadi revealed. Within the coming three years, the ministry will start launching three new buildings, noting that the firms call providing the areas now to work in the domestic market and not fresh investments entering the market, AbdelWahab explained. Maadi Park’s board of directors formed a committee for studying the requests made by the firms and to identify the priorities of Cairo Contact Centers in order to allocate zones in accordance with the priorities, AbdelWahab noted. Intel has not addressed the board of the zone regarding giving up a part of allocated share of it till now after the decision of closing the broadcasting unit, expecting that it may use in other uses.
Google Inc's first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devices. Shares of Google were down 3 percent to $539.80 in afterhours trading on Wednesday, after initially sliding roughly 6 percent on the news. The number of "paid clicks" by consumers on Google's ads increased by 26 percent in the first quarter, disappointing some analysts who had hoped for stronger volume growth. And the average "cost per click" declined 9 percent, extending a downward trend as mobile advertising, typically cheaper than traditional online ads, make up a bigger slice of its business. The world's largest search engine, along with Facebook Inc and Twitter Inc, which are due to report financial results in coming weeks, are revamping their products and advertising business to account for smartphones. "It's an average quarter from a great company," said BGC Partners analyst Colin Gillis. "It's the same old story. Paid clicks were a little lighter than people might have hoped, CPC declines were a little higher than people would have liked, expenses continued to rise." Operating income slipped to 32 percent of revenue on an adjusted basis, from 34 percent in the year-ago period.
The Market Quotes Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.