Trade News
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Volume of trade exchange bet. Egypt, Cyprus record $217M in 2024
Trade between Egypt and Cyprus reached a total of $217 million during the first 11 months of 2024, more than doubling the $108 million recorded 2023.
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El-Sisi, Greek Prime Minister discuss strengthening bilateral ties
The discussions centered on enhancing economic cooperation, with a focus on strengthening ties within the East Mediterranean Gas Forum.
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Egypt exports hit record $40 bln in 2024
Minister of Investment and External Trade Hassan ElKhatib announced Monday that Egyptian exports reached an all-time high of $40 billion in 2024.
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Egypt to limit car imports to 1 per importer over next 5 years starting Friday
The investment ministry noted that importers must provide a bank statement to confirm their financial capacity to make such purchases.
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Egypt's Garment Exports Rise 17% to USD 2.27 Billion in 2024
The US continued to be the biggest importer, with Egyptian exports increasing 14% to USD 971 million.
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Uzbekistan investment minister urges creating digital platform to boost business ties with Egypt
Only 24 Uzbek companies currently operate in Egypt, primarily in the tourism, telecommunications, IT, and agriculture sectors.
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Egypt Approves New Mechanism to Settle Exporters’ Dues
December saw updates to the export program, introducing revised percentages of foreign currency proceeds exporters are required to surrender.
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Egypt's trade with Nile Basin countries grows to $3B in 2023
Egypt’s exports to Nile Basin countries reached $1.73 billion in 2023, marking a 2.1% increase from $1.70 billion in 2022.
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Egypt to Streamline Customs Clearance with Bahrain, UAE Agreements
El-Kilany revealed that similar agreements with other nations are also in progress, beginning with Bahrain and then the UAE.
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Iran-Egypt trade surges 67% in 8 months amid growing economic ties
According to Latifi, 35,883 tons of goods worth $17.18 million were exchanged between the two countries during this period.
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Madbouly pushes for balanced trade deals with Africa to boost exports
The Central Bank of Egypt (CBE) is preparing a plan to promote fair trade exchanges with African nations.
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Majid Al Futtaim opens first Supeco store in Fayoum
The new store opening reflects the company’s ambitious growth plans, providing accessibility and convenience to communities across the country.
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Egypt, Jordan trade exchange surges to $923 Million in 2024
Egyptian imports from Jordan saw a sharp increase, totaling $306 million compared to $153 million during the same period in 2023.
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Al-Mashat highlights 70 years of Egyptian-Japanese cooperation
“Egyptian-Japanese partnerships reflect the importance of collaborative efforts to tackle development challenges,” Al-Mashat stated.
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Egypt’s total exports decline by 2.2% to record $42.5B in 2023
Egypt’s total imports declined significantly by 5.2% in 2023, reaching $72.4 billion compared to $76.4 billion in 2022. Non-oil imports fell by 4.8%.
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Food industry represents almost 14% of Egypt’s total exports
The food industry contributes approximately 14% of Egypt’s total exports, emphasizing its importance in driving economic growth.
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Egypt Aims To Lead Middle East Marble Exports
Government initiatives focus on Schuq al-Thuban region for marble and granite production growth.
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Spinneys Opens Its 30th Store in Egypt
Spinneys took convenience the extra mile as it also introduced its e-commerce and delivery service to the neighborhood residents.
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Egypt and Saudi Arabia are transforming customs operations
Egypt and Saudi Arabia have unveiled a groundbreaking agreement to slash customs clearance times to mere hours.
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PM highlights Egypt’s growing international partnerships, economic reforms
The Prime Minister spotlighted the President’s visits to Denmark, Norway, and Ireland, underscoring the strategic partnerships and agreements signed.