Trade News
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Business or politics? Egypt cancels major trade agreement with Turkey
The agreement, signed in 2012, facilitated exporting Turkey’s goods to the Gulf and African nations through Egypt's mainland via Egyptian ports.
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Egypt's natural gas exports down 86% y-o-y in August
Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.
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EA traders fear cheaper goods from Egypt will swamp regional market
Extending Free Trade Area (FTA) to Egypt, without any qualifications based on rules of origin, would render EAC products less competitive.
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Egypt to stop wheat imports until March
Egypt, the world's biggest wheat importer, will stop purchasing wheat until March 2015, the supplies minister said on Saturday.
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Questions arise over Egypt's proposed Nile shipping lane
Egypt’s serious efforts to implement a project to convert the Nile River into a shipping lane has run into several hurdles.
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Egypt to sign trade deal with Kuwait in November
Trade and industry cooperation agreement to be signed by Egypt and Kuwait in November.
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Egypt participates in African trade meetings
Egypt to talk to Common Market for Eastern & Southern Africa (COMESA), Southern African Development Community (SADC), & East African Community (EAC).
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Egypt's top refinery hopes expansion will revive exports
Egypt has struggled with soaring energy bills caused by high subsidies it provides on fuel for its population of 85 million.
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Egypt's exports to Nile Basin countries up 15% in 2013: CAPMAS
Sudan is the largest importer of Egyptian goods from the group of nine African nations, while Kenya is the largest exporter to Egypt.
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Egypt tenders to buy fuel oil for Oct-Dec
EGPC is also seeking five cargoes of 40,000-45,000 tonnes each, of a similar grade of fuel oil for delivery to Suez port and three optional cargoes.
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Egypt's GASC buys 55,000 tonnes of US wheat
The wheat was purchased from Ameropa at the price of 244.22 a tonne, on a cost and freight basis, GASC Vice Chairman Mamdouh Abdel Fattah said.
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Saudi–Egyptian bilateral trade to rise 12 percent by year’s end
Egypt expects bilateral trade between both countries to grow thanks to continually improving mutual economic relations.
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Egypt's trade deficit plunges in June
Egypt's trade deficit falls 63.5 percent year-on-year in June, as exports rise slightly and the value of total imports decreases sharply.
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Minister: Egypt keen on promoting cooperation with Russia
Minister of Trade and Industry Mounir Fakhry Abdel-Nour has underlined Egypt's keenness on enhancing cooperation with Russia in all fields.
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Egypt, Uganda discuss boosting bilateral cooperation
They discussed ways to boost bilateral cooperation in the field of agriculture and livestock wealth.
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Egypt must revise trade agreements, extraction industry concessions: Experts
UNCTAD 2014 Trade and Development Report warns of growing trends that shackle government policy-making.
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Egypt and Sudan's new trade agreement comes with territorial dispute
Egypt's FM spokesperson stresses that Halayeb and Shalateen are two Egyptian cities when addressing Egyptian-Sudanese for economic integration zone.
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Egypt’s PICO looks to Asia and Russia for export market growth
PICO has expressed its confidence that it can significantly increase exports to both markets.
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Egypt cooperates with WTO to save Bali trade agreement
Egypt has emerged as a mediator in a dispute between World Trade Organisation members and India over last year's trade facilitation.
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Government considers new legislation to counter customs smuggling
Legislation to regulate customs transactions and control all ports to eliminate smuggling and prevent entry for non-compliant goods.