Trade News
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Egyptian, Venezuelan FMs discuss economic cooperation
Minister of Foreign Affairs Sameh Shokry received Sunday his Venezuelan counterpart Yvan Gil Pinto to confer over bilateral relations.
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Boycott campaigns in Egypt: Effective weapon or friendly fire?
FEDCOC issued a statement on Thursday calling for people to suspend the campaign, arguing that it is affecting Egyptian businesses.
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Egypt raises local wheat procurement price for new season
The Egyptian Cabinet increased the reference local wheat procurement price from EGP 1,500 to EGP 1,600 per ardeb (150 kg) for the new harvest season.
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Benghazi Chamber of Commerce signs MoU with Egypt’s Matruh Chamber
The signing took place at the Benghazi Chamber’s headquarters which hosted the Chairman and members of the Board of the Matruh Chamber of Commerce.
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UAE to pump new investments in Egypt: Emirati investment minister
The UAE is poised to inject additional investments in Egypt across various development sectors, said Mohammed Al-Suwaidy.
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Trade deficit narrows by 26.4% YoY during first 9M of 2023, media reports
The source attributed the deficit’s decline to the country’s woes with foreign currency, leading to exports dropping by 3 percent to record $26.2 bln.
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Egypt, Austria mull fostering trade, industrial cooperation
Esmat noted that Egypt is keen on cooperating with Austrian firms seeking to invest or expand in the country.
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Project: Transport Vehicles
Cairo: Supply of 20 transport vehicles for workers
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Parliament passes bill on new export, investment guarantee agency
The Egyptian Parliament has passed a bill on the establishment of a new entity, the Egyptian Export and Investment Guarantee Agency (EEIGA), in an effort to amplify the export sector.
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Egypt’s cigarette prices to increase once more following new VAT tax
The draft law included an increase in the fixed table tax on cigarette products in the local market by 50 piasters for the three segments.
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Egypt, Germany trade exchange hits €5.5B in 2022
Trade volume between Egypt and Germany has reached €5.5 billion in 2022, marking a 7% increase from the previous year. Both countries aim to strengthen their economic ties and boost these figures even further.
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Egyptian and German trade ministers discuss building industrial zone in SZCONE
The Egyptian Minister of Trade and Industry Ahmed Samir has discussed with its German counterparts building an industrial zone in the SCZone.
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Egypt's Export Reaches $51.6B in 2022: IDSC
Exports from Egypt reached a total value of $51.6 billion in 2022, according to the IDSC. Non-petroleum exports accounted for $35.3 billion.
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Egypt, East Asia trade exchange hits $34.5B in 2022
CAPMAS reported that the total value of Egyptian exports to East Asian countries witnessed a 15.9 percent increase in 2022, reaching $7.7 billion.
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The India-Middle East-Europe Economic Corridor: Promises and Challenges
The India-led G20 Summit in New Delhi in September set out a program for the establishment of the India-Middle East-Europe Economic Corridor.
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Egypt, Russia Discuss Arrangements for BRICS Accession
Russia is confident in the positive contribution that Egypt will be able to make to the joint work of the BRICS countries
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Madbouly and ministers discuss ways to boost exports to Africa
Madbouly stressed the Egyptian government’s commitment to increasing trade between Egypt and African nations as part of the country’s strategy
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Egypt, Bulgaria to enhance cooperation across diverse sectors: Trade minister
Egypt plans to enhance economic and trade cooperation with Bulgaria in the coming period, said Minister of Trade and Industry Ahmed Samir on Sunday.
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Egyptian Planning Minister Discusses Investment Opportunities with Japanese Delegation
Egypt’s Planning Minister Hala El Said showcased the country's investment opportunities to a Japanese delegation. The potential areas of cooperation cover various sectors, from infrastructure to hospitality.
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10 Key facts about the MOU between Egypt and China
Egypt is the first country to sign a debt swap agreement for development with the China International Development Cooperation Agency.