Trade News
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Parliament passes bill on new export, investment guarantee agency
The Egyptian Parliament has passed a bill on the establishment of a new entity, the Egyptian Export and Investment Guarantee Agency (EEIGA), in an effort to amplify the export sector.
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Egypt’s cigarette prices to increase once more following new VAT tax
The draft law included an increase in the fixed table tax on cigarette products in the local market by 50 piasters for the three segments.
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Egypt, Germany trade exchange hits €5.5B in 2022
Trade volume between Egypt and Germany has reached €5.5 billion in 2022, marking a 7% increase from the previous year. Both countries aim to strengthen their economic ties and boost these figures even further.
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Egyptian and German trade ministers discuss building industrial zone in SZCONE
The Egyptian Minister of Trade and Industry Ahmed Samir has discussed with its German counterparts building an industrial zone in the SCZone.
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Egypt's Export Reaches $51.6B in 2022: IDSC
Exports from Egypt reached a total value of $51.6 billion in 2022, according to the IDSC. Non-petroleum exports accounted for $35.3 billion.
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Egypt, East Asia trade exchange hits $34.5B in 2022
CAPMAS reported that the total value of Egyptian exports to East Asian countries witnessed a 15.9 percent increase in 2022, reaching $7.7 billion.
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The India-Middle East-Europe Economic Corridor: Promises and Challenges
The India-led G20 Summit in New Delhi in September set out a program for the establishment of the India-Middle East-Europe Economic Corridor.
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Egypt, Russia Discuss Arrangements for BRICS Accession
Russia is confident in the positive contribution that Egypt will be able to make to the joint work of the BRICS countries
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Madbouly and ministers discuss ways to boost exports to Africa
Madbouly stressed the Egyptian government’s commitment to increasing trade between Egypt and African nations as part of the country’s strategy
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Egypt, Bulgaria to enhance cooperation across diverse sectors: Trade minister
Egypt plans to enhance economic and trade cooperation with Bulgaria in the coming period, said Minister of Trade and Industry Ahmed Samir on Sunday.
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Egyptian Planning Minister Discusses Investment Opportunities with Japanese Delegation
Egypt’s Planning Minister Hala El Said showcased the country's investment opportunities to a Japanese delegation. The potential areas of cooperation cover various sectors, from infrastructure to hospitality.
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10 Key facts about the MOU between Egypt and China
Egypt is the first country to sign a debt swap agreement for development with the China International Development Cooperation Agency.
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Spinneys continues to expand across Egypt with new opening in Obour city
The new store, which opened on October 18, is located on the main Obour axis, right next to the Chillout gas station.
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Egypt could be more of logistical, trade hub for “Belt and Road” countries
Egypt's Prime Minister underscores the country's potential as a logistical and trade hub for Belt and Road Initiative (BRI) countries at a forum in Beijing.
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Korean investments in Egypt exceed $800 million: Ambassador
The Korean investments in Egypt exceeded $800 million, while the bilateral trade recorded $3.2 million during 2022.
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Maait, Gentiloni Discuss Enhancing Cooperation between Egypt, EU
This came on the sidelines of their participation in the meetings of the International Monetary Fund (IMF) and the World Bank in Marrakesh.
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Russia cancels massive industrial zone project in Egypt
The Russian government cancelled the project to build an industrial zone in Egypt's Suez Canal Economic Zone (SCZone).
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Egypt identifies 10 sectors for joint investment with Turkey, African countries
Egypt made a significant announcement during the fourth edition of the Turkish-African Economic and Trade Forum in Instanbul, revealing plans to identify sectors for joint investments with Turkey and Africa.
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Egypt supports exportered by EGP 40.7 bln in 10 years: CAPMAS
Egypt has supported exports by EGP 40.7 billion ($1.32 billion) during the last 10 years, according to data released by CAPMAS.
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Egypt's Exports Record Significant Development, Reaching $311.7 Billion in the Last Decade
Egyptian exports have observed remarkable growth, reaching a total value of $311.7 billion over the last decade despite fluctuations.