“Egypt Home textile export council (HTEC) will participate with 40 companies in the upcoming “Heimtextil-International Trade Fair for Home Textiles” exhibition, scheduled to be held Frankfurt, Germany between January 9-12, 2018…HTEC demanded a meeting with Governor of Central Bank of Egypt (CBE) Tarek Amer to discuss a mechanism that would enable exporters of home textiles to benefit from the CBE‘s initiative of facilitating funds for industrial sector…In January 2016, President Abdel Fatah al-Sisi announced Egypt‘s banking sector will inject LE 200 billion to support small and medium-sized enterprises SME)…Head of HTEC Said Ahmed said according to the statement that there are surpluses in the allocations made for SME‘s by CBE, which could be used for establishing new production lines, raising the production capacity in addition to creating new jobs…Export councils were assigned by the trade ministry to prepare sectoral plans including ways to increase Egypt‘s exports globally…Industry and Trade Minister Tarek Kabil said in November that his ministry aims to double exports during the coming period, highlighting the role of export councils in tackling the challenges facing Egyptian exports abroad…“Home textile sector need the CBE‘s initiative more than any sector else as it face a brutal competition with products from East Asia states,” Said added…Exports of the home textiles sector increased by three percent in the first nine months of 2017 to reach $375 million, compared with $365 million in the same period last year, the Egyptian Home Textile Export Council (HTEC) said in late October…Source: EgyptToday.com”