Trade News
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Infograph: Egypt’s non-oil trade deficit drops 26.3% YoY in Q3 2023
Egypt’s non-oil trade deficit dropped 26.29 percent year-on-year (YoY) to $6.63 billion in the third quarter of 2023 from $8.99 billion.
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Egypt's 5th Jewelry Art Festival Showcases Diverse Talents with 80 Designers
Running until January 17th, the festival offers a platform for a wide array of designers, from up-and-coming talents to established professionals.
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Egypt EGPC to stay out of bitumen market in 2024
Egypt's state-owned EGPC will stay out of the bitumen market for a second year running as it plans to issue no import tenders in 2024.
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Egypt’s BRICS Entry: A New Chapter in Global Influence
The process began recognizing the economic potential and strategic positions of the new members at the Johannesburg Summit in August 2023.
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Egypt looks to culture to strengthen ties with BRICS group
Egypt ranked 31st globally in 2022 in the Global Soft Power Index, an increase of 3.3 points on the previous year.
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Al-Sisi urges to develop international cooperation in development projects
He emphasized the importance of investing in human capital, providing services and social protection equally in all regions of the Republic.
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Planning Min. Discusses with US Ambassador Enhancing Ways of Cooperation
She pointed to the Ministry’s role in evaluating each party’s proposed investment projects, diversifying funding sources for development plans.
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Libya proposes new trade border crossing with Egypt
During the meeting, the Libyan side invited Egyptian businesspeople to visit Libya and explore investment opportunities.
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Egypt to host 4th Pakistan Africa Trade Development Conference in January
Egypt is set to host the fourth edition of the Pakistan Africa Trade Development Conference (PATDC) and Single Country Exhibition (SCE) from 9 to 11/1
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TradeHub launches digital platform to support exports, local manufacturers in Egypt
TradeHub, an Egyptian startup, has launched a digital platform to simplify exports and trade operations for local manufacturers.
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Egypt, China in final negotiations on debt swap agreement
The debt program aims to convert debts owed to China into investments in green projects in early 2024, the official said.
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Egypt, Iraq, Jordan working on final plan to start operations on 1st-ever Arab Trade Line
Work is underway to build the Taba–Arish trade/logistics railway corridor, one of seven international developmental logistics corridors in the project
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Egypt’s exports drop 22% YoY in nine months
Egypt’s exports dropped 22 percent year-on-year (YoY) to $30.8 billion during the first nine months of 2023.
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Suez Canal disruption: What is at stake for Egypt and global economy?
The current disruption of the movement of shipping vessels through the Suez Canal -- due to the conflict in the Bab al-Mandab Strait -- poses a threat
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BRICS-led dedollarization should alarm the US
Writing for the Atlantic Council, Thomas Hill noted that Egypt, among others, was added to the BRICS club while Algeria and Tunisia were turned down.
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Egypt’s exports to Africa rise 13 percent in 10 months
Egypt’s exports to Africa surged 13 percent year-on-year (YoY) to $6 billion between January and October, Minister of Trade and Industry said.
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Explaining an enigma: Inflation rates declining but prices keep rising in Egypt
Ahram Online picked the brains of two financial experts on why prices are still rising in Egypt despite recent official data showing that inflation.
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PM issues decision to enforce printing prices on commodities
This came as part of a set of governance procedures aimed at curbing price hikes resulting from intermediaries between producers and consumers.
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Morocco and Egypt seem to be great beneficiaries of Brexit
Both countries have experienced a significant increase in the value of their exports to the United Kingdom.
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Egypt's food exports surge by 15% in first 10 months of 2023: Food Export Council
Egypt's food exports increased by 15 percent, reaching $4.3 billion during the first 10 months of 2023, up from $3.8 billion.