Trade News
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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.
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Egypt trade deficit grows by 22.8% in September to $4.4 bln
The trade deficit rose for the third consecutive month to $4.4 billion in September, compared to $3.6 billion in September 2023.
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Volume of trade exchange bet. Egypt & Norway record $217M during 2024
Egyptian exports to Norway rose to $15 million during this period, up from $11 million in 2023.
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Egypt to launch ambitious export support program in FY2025/26
Speaking at the sixth annual Hapi, Kouchouk emphasized the government’s commitment to supporting export activities.
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Egypt launches voluntary peer review report on competition law
Al-Mashat emphasized the Egyptian government’s commitment to boosting competitiveness and creating an investment-friendly environment.
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China's total investment in SCZone exceeds $3 bln
Construction is scheduled to begin in January 2025, with operations slated to commence in December 2025.
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Egypt’s food industry exports hit $5.1bln in 10 months
The increase of $770 million in the first 10 months of 2023 reflects the highest growth rate and export value in the sector’s history.
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Egypt to announce plan for listing up to 4 Armed Forces-affiliated companies
In October 2019, President Abdel-Fattah El-Sisi emphasized the importance of listing Armed Forces-owned and managed companies on the stock exchange.
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22,000 tons of goods handled at Red Sea ports
In a statement, the RSPA said imports included 7,500 tons of goods, 463 trucks and 485 cars.
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Egypt's parliament approves €1B MOU with EU to bolster economic support
This collaboration will also strengthen European investments in key sectors such as renewable energy, green hydrogen, and food security.
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Seafood Exports From Egypt to Europe Resumed
The resumption follows the implementation of a monitoring system, ensuring quality control from source to market.