Trade News
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Carrefour Honors Five-Year Partnership with the Egyptian Food Bank
Carrefour’s contributions, surpassing EGP 3 million, have provided crucial food supplies, impacting over 15,000 beneficiaries.
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Egypt-Brazil Trade Exchange Hit $2.4 Billion
Brazilian Ambassador to Egypt said that that commercial and investment activities between the two countries have steadily increased in the past years.
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Non-oil and petroleum industries drive increases in both exports and imports of 2022, CAPMAS
Non-oil exports saw a 9 percent year-on-year (YoY) growth, reaching $35.50 billion by the end of 2022, up from $32.60 billion.
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Volume of Egyptian exports rise by 19.4% in 2022: CAPMAS
Among Egypt's exports in 2022, finished goods held the highest share at 41.2 percent of the total export value, followed by fuel at 33.5 percent.
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Egypt’s trade deficit hits $3.14B in September 2023: CAPMAS
The report indicates a notable decline in the value of exports, which amounted to $2.94 billion during September 2023.
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Starbucks Loses $12 Billion amid Boycotts over Israel-Gaza War
Starbucks is an American multinational chain of coffeehouses headquartered in Seattle, Washington, with over 35,711 stores in 80 countries.
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Military production min: We are keen on boosting cooperation with Russian companies
This came during his meeting on Russia’s “Rosoboronexport” representatives on the sidelines of the third edition of Egypt Defense Expo “EDEX 2023”.
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Egypt, Saudi Arabia sign MoU during EDEX 2023
The International Defense Industries Exhibition EDEX 2023, held in Egypt in its third edition from December 4-7
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Fewer exports widen Egypt’s trade deficit by 10.3% in September
Egypt’s trade deficit increased by 10.3 percent to reach $3.24 billion in September compared to $2.84 billion in the same month last year.
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CAPMAS: Egypt‘s Exports to Cyprus Jumps 20.3% to $70.5 Mln
The report stated that the value of Egyptian imports from Cyprus amounted to $8.4 million during the first nine months of 2023.
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Egyptian Mercantile Exchange’s board names CEO, Managing Director
The Board of Directors of the Egyptian Mercantile Exchange (EMX) appointed Hossam El-Garrahy as CEO and Managing Director.
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British International Investment portfolio in Egypt hits $600m: Sherine Shohdy to DNE
She highlighted the country’s promising investment climate and the corporation’s ongoing support for Egyptian businesses.
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Egyptian engineering exports surge 8.5% to $3.5bn in 10M 2023
The EECE’s monthly report highlighted that engineering exports in October 2023 alone achieved a remarkable 22% growth.
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Commodities Worth USD 63 Billion Released From Egyptian Ports in 2023
The Egyptian Customs Authority (ECA) announced that they are continuing their efforts in expediting the release process.
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Harnessing power of spontaneous shopping: Insights from Black Friday and Cyber Monday
A Salesforce survey revealed that consumers spent a whopping $1.14trn online globally during the Holiday Season.
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Majid Al Futtaim Holding Group to invest $1B into Egyptian markets
The company has a strategy to expand the number of Supeco stores, which offer wholesale prices, to 144 by 2030.
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Egypt’s new foreign currency VAT doesn’t apply to imports: Minister
Egypt doesn’t collect the value-added tax in foreign currency on imports but on goods and services that are typically paid for in foreign currency.
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Egyptian gov’t gives merchants 10 days to adjust sugar prices: Supply Minister
Egypt's Minister of Supply and Internal Trade Ali Moselhi revealed on Sunday that merchants would be given a ten-day period to regulate prices.
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Egypt releases $63 billion worth of imported goods with $5 billion remaining in ports
Egypt has released imported goods valued at $63 billion from its ports since the beginning of 2023.
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Oman, Egypt discuss establishing joint investment fund
This is to inject funds into a number of industries such as agriculture, food manufacturing, and pharmaceuticals.