Trade News
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Egypt, Turkey to sign free trade agreement: Finance Minister
Maait expressed Egypt's intention to attract more Turkish investments, particularly in the industrial sector.
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New increase in Egypt’s cigarette prices announced
The price of the Cleopatra Box (10 cigarettes) rose to LE20, compared to LE15 previously, while Cleopatra King Size cigarettes have risen to LE27.
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Egypt Explores Barter System for Kenya’s Tea Import Amid Dollar Shortage
Egypt, facing a shortage of dollars, is pursuing a barter arrangement to secure tea supplies from Kenya.
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Maait: 790 Turkish Companies Operate in Egypt with Investments of $2.5 Billion
The minister added that there are about 790 Turkish companies operating in our country with investments of $2.5 billion in several sectors.
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Egypt readies launch of new ECA
In recent weeks, Egypt’s legislature passed a bill enabling the creation of the Egyptian Export and Investment Guarantee Agency (EEIGA).
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Egypt’s Trade Volume with Other Countries Hits $110.4 Billion in FY2022/2023
Egypt's trade surged to $110.4 billion in FY2022/2023 with 14 countries leading the international trade, accounting for 61.1% of the total volume, translating to $67.469 billion.
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Trade minister, German-Arab Chamber of Industry examine future coop opportunities
Egypt's Trade Minister and German-Arab Chamber of Industry are exploring opportunities for economic cooperation.
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Egypt said to buy around 100,000 metric tons white sugar in tender
It was bought from Wakalex on behalf of ED&F Man and also from Savola Egypt at estimated $780 a metric tons CIF.
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Egypt's Exponential Rise in Exports to Saudi Arabia in 2023
Egypt's exports of melons to Saudi Arabia has doubled in just eight months of 2023, setting new records for the year.
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INTERVIEW: Egypt gateway to African, European, ME markets for trade, investment: Korea’s KOTRA’s director general
There are around 40 Korean companies are actively operating in the Egyptian market.
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Egypt raises local wheat procurement price to support Egyptian farmers
Egypt has increased its local wheat procurement price from LE 1500 to LE 1600 per ardeb, fostering supportive conditions for its farmers.
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Egypt’s PMI for non-oil activity drops in October to lowest level in 5 months
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector decreased in October to a five-month record low of 47.9 points.
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Egyptian, Venezuelan FMs discuss economic cooperation
Minister of Foreign Affairs Sameh Shokry received Sunday his Venezuelan counterpart Yvan Gil Pinto to confer over bilateral relations.
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Boycott campaigns in Egypt: Effective weapon or friendly fire?
FEDCOC issued a statement on Thursday calling for people to suspend the campaign, arguing that it is affecting Egyptian businesses.
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Egypt raises local wheat procurement price for new season
The Egyptian Cabinet increased the reference local wheat procurement price from EGP 1,500 to EGP 1,600 per ardeb (150 kg) for the new harvest season.
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Benghazi Chamber of Commerce signs MoU with Egypt’s Matruh Chamber
The signing took place at the Benghazi Chamber’s headquarters which hosted the Chairman and members of the Board of the Matruh Chamber of Commerce.
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UAE to pump new investments in Egypt: Emirati investment minister
The UAE is poised to inject additional investments in Egypt across various development sectors, said Mohammed Al-Suwaidy.
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Trade deficit narrows by 26.4% YoY during first 9M of 2023, media reports
The source attributed the deficit’s decline to the country’s woes with foreign currency, leading to exports dropping by 3 percent to record $26.2 bln.
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Egypt, Austria mull fostering trade, industrial cooperation
Esmat noted that Egypt is keen on cooperating with Austrian firms seeking to invest or expand in the country.
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Project: Transport Vehicles
Cairo: Supply of 20 transport vehicles for workers