Trade News
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Egyptian consumer businesses to become more lucrative in Q4 2023: HSBC
Egyptian companies operating in the consumer sector are expected to achieve higher profits during the fourth quarter of 2023.
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GAFI CEO discusses upgrading Alexandria Free Zone
The meeting also took up an all-out scheme for upgrading the infrastructure of Alexandria Free Trade Zone, the statement said.
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Egyptian exports to Eastern Europe grow by 2.9% in January-April 2023
Egyptian exports to Turkey rose by $114.1 million to become $1.7 billion up from $1.6 billion.
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Sri Lanka to explore new areas of cooperation with Egypt
“Relations are to be elevated to the next level in all areas, including in economic and trade cooperation.”
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Egypt releases $131B imported goods, products in 21 months
There are goods worth about $1.9 billion that are still undergoing customs clearance procedures.
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Egypt-Russia: Growing ties
President Abdel-Fattah Al-Sisi’s visit to St Petersburg this week will further cement economic and political relations between Cairo and Moscow.
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Sri Lanka and Egypt successfully conclude bilateral consultations
The two sides agreed to enter into agreements in new areas of cooperation and to revisit the existing agreements.
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Egypt aims for $9bn in digital services exports by 2026
The number of workers specialized in exporting these services will reach about 550,000 in 2026.
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Egypt accounts for 50% of global jasmine production
The global production of jasmine is approximately 14 tons, with Egypt producing about 7 tons.
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Egypt studies building 3 new free zones
In July, the Egyptian government simplified the conditions for issuing licenses for private free zone projects by approving amendments to the investme
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Philip Morris backtracks on decision to raise its cigarettes prices in Egypt
Philip Morris International has made a sudden U-turn on its plan to increase cigarette prices in Egypt, just hours after the initial announcement.
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Egypt Imposes “Export Fee” on Zinc Scrap
Zinc ore is of great industrial importance as an important element in supporting clean energy technologies such as solar energy and wind energy.
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Transmar launches a New Reefer service: Connecting Egyptian Exporters to Yemen
Transmar, the region’s leading container shipping line, has announced the launch of a new service that connects Egyptian exporters out of Adabiya Port
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Ministry of trade & industry launches 80 investment opportunities to boost national industry
The objective is to increase value-addition, reduce the trade balance deficit, and create job opportunities.
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Egypt approves partnership with the private sector in four state-owned infrastructure projects
The Public-Private Partnerships (PPP) Committee has approved partnerships between four state-owned development projects and the private sector.
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Egypt's Exports Rise by 16% Year-on-year
A unified electronic platform will be launched to operate and liquidate companies, so that dealings will be done electronically.
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Carrefour opens 1st store in Porto Marina in collaboration with ACAP: Egypt
The new store is strategically located in the heart of the North Coast, at Kilometer 110 on the Alexandria-Marsa Matrouh Road.
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Vietnam, Egypt aim to raise two-way trade to 1 billion USD
Foreign Minister Bui Thanh Son hosted a reception for Egyptian Ambassador to Vietnam Amal Abdel Kader Elmorsi Salama in Hanoi on July 7.
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Foreign investors may register as importers in Egypt per draft law
The total registration term should not exceed 10 years from the date of enforcement the new law.
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Egypt’s trade deficit jumps 24% in April over slashed gas exports
Egypt's trade deficit surged 23.8 percent in April over the same month in 2022, driven by a drop of more than 75 percent in gas exports.