Banque du Caire aims to ex­pand routes to sup­port for­eign trade, back Egyp­tian exporters

The Daily News Egypt - - Business -

Banque du Caire aims to ex­pand av­enues to en­cour­age for­eign trade in gen­eral, in­crease Egyp­tian ex­ports, and sup­port Egyp­tian exporters to per­me­ate for­eign mar­kets in par­tic­u­lar.

Banque du Caire spon­sored the visit or­gan­ised by the African Co­op­er­a­tion Com­mit­tee of the Fed­er­a­tion of Egyp­tian In­dus­tries (FEI) of Tanzania from 4 to 11 November 2018, aim­ing to en­hance Egyp­tian in­dus­trial and trade pres­ence in th­ese coun­tries, as well as strengthen co­op­er­a­tion be­tween Egyp­tian com­pa­nies and their counterparts in Tanzania in var­i­ous in­dus­trial fields.

The visit in­cluded a del­e­ga­tion of more than 30 Egyp­tian com­pa­nies in sev­eral sec­tors, no­tably fer­tilis­ers, chem­i­cals, con­struc­tion, health­care, phar­ma­ceu­ti­cals, food­stuffs, cloth­ing, en­gi­neer­ing and min­ing.

Chair­per­son and CEO of Banque du Caire,Tarek Fayed, stressed the im­por­tance of the bank’s role in sup­port­ing Egyp­tian ex­ports,which are wit­ness­ing a wide­spread spike in the com­ing pe­riod

The Banque du Caire CEO also wel­comed the co­op­er­a­tion with var­i­ous bank­ing in­sti­tu­tions world­wide in or­der to fur­ther co­op­er­a­tion and pro­mote Egyp­tian exporters to ex­pand in for­eign mar­kets.

Fayed af­firmed the readi­ness of Banque du Caire to sup­port all Egyp­tian com­pa­nies who par­tic­i­pated in the visit to en­cour­age their ac­tiv­i­ties both in Egypt and Tanzania, con­sid­er­ing the re­la­tions be­tween Banque du Caire and sev­eral Tan­za­nian banks.

He added that Banque du Caire aims to re­in­force ex­port op­er­a­tions, given its im­pact on in­ten­si­fy­ing the in­dus­try and in­creas­ing for­eign ex­change re­sources, by open­ing routes to fi­nance for­eign trade, by sign­ing more agree­ments and pro­to­cols with the FEI in the com­ing pe­riod.

Chair­per­son and CEO of Banque du Caire, Tarek Fayed

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