Trade News
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Egypt moves closer to set up 11 free zones to boost economy
The Egyptian premier underlined that the main goal is to quickly provide ready industrial land, specifically for projects that export their products.
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Egypt : 5.0 % Increase in the value of trade balance deficit
The deficit value of trade Balance reached 3.07 billion dollars during November 2023, versus 2.92 billion dollars for the same month of previous year.
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Egyptian exports to Libya reach $1.6 billion in 2023
The value of Egyptian exports to Libya reached $1.6 billion during this period, compared to $1.1 billion during the same period in 2022, marking a 48%
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Egypt, Switzerland begin preparations for 2025-2028 cooperation program
The new program will build upon the existing Egypt-Swiss cooperation program that has been in effect from 2021 to 2024.
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PM in talks over Performance Indicators of Private Free Zones
Madbouly talked about setting criteria regulating the establishment of private free zones to make an accurate assessment of the privileges offered.
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Egypt Participates in BRICS as Member for 1st Time
Egypt participated for the first time in BRICS meetings after joining as a full member as of January 1, 2024.
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Egypt, Italy forge strong agreements in diverse development sectors valued at €82M
Egypt and Italy have engaged in collaborative efforts across various development sectors, amounting to €82 million.
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Conflict in Red Sea will weigh on Egypt’s elevated financing needs; inflation to soar
The Red Sea crisis will further elevate public sector gross financing needs for most emerging markets and middle-income countries in MENA.
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Cairo retail sector rents rose by 9% in 2023 – JLL
The retail sector saw limited project launches and completions in Cairo in 2023.
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Supply Minister: State working on plan for modern civilized markets nationwide
In addition to their compatibility with developmental and service-related advances, these new markets will also keep road encroachments in check.
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Egypt, Russia trade exchange increases by 14% during 2023
During the first 11 months of 2023, Egypt's exports to Russia valued at $469 million, showing a decrease of 13.7 percent, compared to $543 m in 2022.
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Egypt's Suez canal authority head: revenue down 44% in Jan 2024
Egypt's Suez canal authority head Osama Rabie told Asharq TV on Thursday the canal's revenue fell by 44% in January 2024 compared to last year.
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Egyptian exports 2023/24 forecast to increase by 25 percent
Most orange exporters are producers who own packing facilities approved for export by the government.
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EU accounts for 27% of Egypt’s total trade: Commissioner Varhelyi
Commissioner of the European Commission Oliver Varhelyi announced that the EU is Egypt's primary trading partner.
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Everything you need to know about the 5 latest agreements of Suez Canal
These groundbreaking pacts signal the commencement of negotiations for 50 prospective deals.
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Top 10 electronics retailers in Egypt
With continued government support and collaboration with global brands, Egypt's position as a regional electronics hub is strengthening.
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Egypt keen on advancing bilateral relations with Asia: Finance Minister
Maait highlighted the government's willingness to explore the Asian financial market as a means to diversify funding sources.
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SCZone Launches Digital Platform “E-tabadul” to Link Production, Service Projects
Promoting and introducing this platform is an important matter, as well as the necessity of full direct coordination with the Federation of Industries
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Partnerships between Egypt, Team Europe initiative record $12.8 bln: Minister
Partnerships between Egypt and the Team Europe initiative have pumped $12.8 billion over four years in soft financing to both the public and private.
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Egypt-Russia Trade Exchange Records $5.1 Billion: CAPMAS
The value of Egyptian exports to Russia was $469 million during the first 11 months of 2023, compared to $543 million, year-on-year, a decrease of 13.