Trade News
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Indian investments in Egypt reach $3.2 bln: Trade minister
Indian investments in Egypt amounted to $3.2 billion distributed in 52 projects in several fields including food industries, chemicals, and tourism.
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Lower imports cuts Egypt’s trade deficit by 23.6 percent in FY2022/23
Egypt’s trade deficit declined by 23.59 percent during the fiscal year 2022/2023, primarily due to a significant decline in non-oil imports.
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Egypt Remains Russia's Largest Trading Partner in Africa
The volume of trade with African countries increased by 43.5% over a period of eight months.
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Egyptian importers call for expanding food export bans amid price increases
As Egypt’s three-month ban on onion exports comes into effect on Sunday, importers have asked for stronger measures to control prices.
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Egypt buys 170,000 tons of European wheat despite drop in Russian prices | Hellenic Shipping News Worldwide
European wheat has continued its winning streak in Egyptian tenders as an unofficial price floor has weighed on Russian wheat’s competitiveness.
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Egypt, UAE sign trade agreement swapping EGP 42 billion for 5 billion AED
The Central Bank of Egypt (CBE) signed a trade agreement with the Central Bank of the UAE (CBUAE) that involves swapping EGP 42 billion for AED 5 bln.
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Egyptian businessmen, Japanese officials discuss cooperation
It will also boost the transfer and localization of advanced technologies in production and in the fields of research and development to Egypt.
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UK investments in Egypt reached $21.5B, says Trade Minister
Trade exchange rates between Egypt and the UK have recently significantly improved, reaching almost GBP 3.4 billion in 2022.
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Egypt seeks to enhance investments with Greek and Cyprus
Egypt's Prime Minister, Mostafa Madbouly, meets with Greek and Cypriot counterparts to discuss strengthening investments and cooperation.
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Egypt-Switzerland trade rose 7.8% in 2022: Trade minister
Trade exchange between Egypt and Switzerland reached $1.52 billion in 2022, up 7.8 percent from $1.41 billion in 2021.
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EgyptAir Cargo resumes flights to US after 8-year hiatus
EgyptAir Cargo has recommenced its freight services to the US, lifting an eight-year suspension. The resumption follows the Minister of Civil Aviation's announcement detailing crucial security enhancements.
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Trade exchange between Egypt, China hits $16.2B in 2022
Trade exchange between Egypt and China rose 2.2% in 2022 reaching $16.2B. Significant growth was also observed in Egypt's exports to China, which marked a 25.1% increase.
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Tripartite Cooperation Mechanism Held between Egypt, Greece, Cyprus at Ministerial Level
Egypt, Greece, and Cyprus conduct Tripartite cooperation mechanism at the 78th UNGA session in New York, further highlighting their strategic ties.
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Egypt, Brazil discuss boosting ties in different fields
Foreign Minister Sameh Shoukry met with his Brazilian counterpart Mauro Vieira at the United Nations General Assembly to discuss ways to strengthen Egyptian-Brazilian relations.
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Egypt and India expand trade relations
India is the fourth largest trade partner of Egypt. Bilateral trade rose by 13.7% to $6 billion in 2022. India championed Egypt's BRICS inclusion.
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Egypt keen on furthering joint cooperation with China
Egypt is eager to strengthen its strategic ties with China, aiming to boost economic, trade, and investment cooperation, says Trade and Industry Minister Ahmed Samir.
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Egypt chairs Arab delegations to 7th Arab-China Cooperation on Energy
Deputy Minister of Electricity and Renewable Energy Osama Asran will lead the Arab delegations in the 7th Arab-China Cooperation Conference on Energy, to be held in Hainan, China.
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Egypt’s trade with G20 countries hit $88 bln in 2022
The trade exchange between Egypt and G20 countries reached $88 billion in 2022, up 10 percent from $80.1 billion in 2021.
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Egypt to Host the Third Edition of Intra-African Trade Fair
Egypt is set to host the third Intra-African Trade Fair, attracting participation from 75 countries and 1,600 exhibitors. Anticipated trade and investment deals are expected to reach up to $43 billion.
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Egypt's Exports to France Increase 61% to $1.8 bn
While the value of Egyptian imports from France reached $2.2 billion during 2022, compared to $1.8 billion during 2021, an increase of 19.2%.