Trade News
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Spinneys continues to expand across Egypt with new opening in Obour city
The new store, which opened on October 18, is located on the main Obour axis, right next to the Chillout gas station.
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Egypt could be more of logistical, trade hub for “Belt and Road” countries
Egypt's Prime Minister underscores the country's potential as a logistical and trade hub for Belt and Road Initiative (BRI) countries at a forum in Beijing.
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Korean investments in Egypt exceed $800 million: Ambassador
The Korean investments in Egypt exceeded $800 million, while the bilateral trade recorded $3.2 million during 2022.
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Maait, Gentiloni Discuss Enhancing Cooperation between Egypt, EU
This came on the sidelines of their participation in the meetings of the International Monetary Fund (IMF) and the World Bank in Marrakesh.
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Russia cancels massive industrial zone project in Egypt
The Russian government cancelled the project to build an industrial zone in Egypt's Suez Canal Economic Zone (SCZone).
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Egypt identifies 10 sectors for joint investment with Turkey, African countries
Egypt made a significant announcement during the fourth edition of the Turkish-African Economic and Trade Forum in Instanbul, revealing plans to identify sectors for joint investments with Turkey and Africa.
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Egypt supports exportered by EGP 40.7 bln in 10 years: CAPMAS
Egypt has supported exports by EGP 40.7 billion ($1.32 billion) during the last 10 years, according to data released by CAPMAS.
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Egypt's Exports Record Significant Development, Reaching $311.7 Billion in the Last Decade
Egyptian exports have observed remarkable growth, reaching a total value of $311.7 billion over the last decade despite fluctuations.
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Egypt to suspend customs on essential goods for 6 months: PM
Prime Minister Mostafa Madbouly, in collaboration with the Ministry of Finance, announced that the government will suspend duties on essentials.
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Egypt, France probe bolstering economic ties
Egyptian Minister of International Cooperation Rania Al-Mashat has met with the French Minister of State for Development Chrysoula Zacharopoulou.
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Indian investments in Egypt reach $3.2 bln: Trade minister
Indian investments in Egypt amounted to $3.2 billion distributed in 52 projects in several fields including food industries, chemicals, and tourism.
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Lower imports cuts Egypt’s trade deficit by 23.6 percent in FY2022/23
Egypt’s trade deficit declined by 23.59 percent during the fiscal year 2022/2023, primarily due to a significant decline in non-oil imports.
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Egypt Remains Russia's Largest Trading Partner in Africa
The volume of trade with African countries increased by 43.5% over a period of eight months.
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Egyptian importers call for expanding food export bans amid price increases
As Egypt’s three-month ban on onion exports comes into effect on Sunday, importers have asked for stronger measures to control prices.
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Egypt buys 170,000 tons of European wheat despite drop in Russian prices | Hellenic Shipping News Worldwide
European wheat has continued its winning streak in Egyptian tenders as an unofficial price floor has weighed on Russian wheat’s competitiveness.
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Egypt, UAE sign trade agreement swapping EGP 42 billion for 5 billion AED
The Central Bank of Egypt (CBE) signed a trade agreement with the Central Bank of the UAE (CBUAE) that involves swapping EGP 42 billion for AED 5 bln.
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Egyptian businessmen, Japanese officials discuss cooperation
It will also boost the transfer and localization of advanced technologies in production and in the fields of research and development to Egypt.
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UK investments in Egypt reached $21.5B, says Trade Minister
Trade exchange rates between Egypt and the UK have recently significantly improved, reaching almost GBP 3.4 billion in 2022.
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Egypt seeks to enhance investments with Greek and Cyprus
Egypt's Prime Minister, Mostafa Madbouly, meets with Greek and Cypriot counterparts to discuss strengthening investments and cooperation.
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Egypt-Switzerland trade rose 7.8% in 2022: Trade minister
Trade exchange between Egypt and Switzerland reached $1.52 billion in 2022, up 7.8 percent from $1.41 billion in 2021.