Trade News
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Emirates NBD aims to pump EGP 3bn in national projects in 2015
The bank’s loans and credit facilities portfolio reached EGP 8bn at the end of December
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HOTAC develops 5 branches of internal trade companies : Investment ministry
Private sector carried investment cost of development and paid an annual income for partnership worth EGP 7.6m, with a 10% increase annually.
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Egypt's GB Auto considers $1.5 bln of investments
Raouf Ghabbour also predicted revenue of about $1.7 billion in 2014 and was upbeat about investing in Egypt because of what he called a "stable political situation".
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Egypt and Algeria to sign gas import agreement
Egypt will import 6 cargoes of LNG from Algeria between April and September.
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Egyptian shipments of wheat avert Russia's February new export duty
Russia is the third largest supplier of wheat to Egypt, itself the largest importer of wheat in the world.
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No export restrictions from Russia on Egypt
GASC recently contracted to purchase 300,000 tons of wheat from France and Russia for subsidised bread.
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Egypt’s September trade deficit surges to 70.9 percent – Report
Exports fell to 14.6 billion EGP in September, down from 16.6 billion EGP in September 2013.
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EU grain to enjoy spoils of Russian export curbs
Russia, one of the world's leading grain suppliers, is restricting exports as plunging oil prices and Western sanctions hammer the rouble.
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Minister: Egypt-China trade exchange to reach $11.5 bn by 2015
Council member Ahmed al-Sewedy said the council, with its new formation, will work on attracting more Chinese investments to Egypt.
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Egypt exports to UK grow by 30% in 2014
Egypt-UK trade volume expected to surpass $2bn for first time, Egyptian-British Chamber of Commerce says.
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Egypt & Trade: Where does the problem lie?
Egypt ranked as the country with the highest business costs of terrorism and fourth before last for business costs of crime and violence.
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Egypt's trade deficit surges 82% in August
Trade deficit reaches LE32.8 billion in August compared to LE18 billion in the same period last year.
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EBRD injects $50m in trade facility for Egypt
EBRD will issue guarantees in favour of international commercial banks, covering political and commercial payment risks for transactions made by CIB.
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EU offers new trade agreement to Egypt and MENA countries
Technical committees for the partnership resume their work following a halt due to political unrest.
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Egypt to import LNG from Algeria
After Egypt's deal with Norway to construct regasification unit, it now makes deal with Algeria for LNG.
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Egypt’s trade minister attends Africa free trade talks
On the margins on the meeting, Abdel Nour is scheduled to hold talks with the trade ministers of Sudan, Burundi and Tanzania.
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Free Zones in Egypt have a market size of 1.6 bln consumers
Free Zones enjoy a special system that makes it easier for investors for obtaining licenses required to start a business.
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Total value of Egyptian imports, exports falls in first half of 2014: EITP
Yet the value of imports and exports to the EU rises, reports Egyptian International Trade Point.
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Egypt expects new African trade bloc in December: minister
Three African economic blocs will merge into a new 27-nation free-trade zone under an agreement to be signed in Cairo next month.
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Egypt's gas exports fall 81.4% in September
Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.