Trade News
-
Egypt's exports to Greece jump over 200 percent YoY in January
Egyptian exports to Greece surged 223.5 percent in January 2023 year-on-year (YoY) according to data released by the IDSC.
-
Egypt allocates LE 28.1B in new budget to support exporting companies
Egypt has become more attractive to foreign investments with its promising and attractive opportunities, developed infrastructure.
-
Egypt-South Korea trade volume increases by 35% in 2022
The two officials discussed Korean companies operating in Egypt and ways to encourage more Korean investment.
-
Egypt, Indonesia mull inking MoU for expertise-sharing
This is to boost cooperation to share expertise in various healthcare domains, especially digital transformation and innovative healthcare services.
-
Trade with Egypt to reach US$ 20 billion, Turkish diplomat
He said that the size and proximity of the two countries creates for a very attractive and lucrative investment climate.
-
Application deadline for tax-free car import is 14 May
Maait added that the Egyptians abroad imported 600 cars under the initiative, and the total value of payment amounted to $385m so far.
-
Egypt, Greece emphasize importance of their strategic relations
Greek FM Nikos Dendias and Egyptian Ambassador in Athens Omar Amer asserted the importance of strategic relations between the 2 countries.
-
Nigeria, South Africa, Egypt slowing regional growth, says World Bank
The underperformance of Nigeria, South Africa, Egypt and other African big economies is slowing down the continent’s economic growth.
-
Egypt's exports to Cyprus surge by 68.8% in 2022
Egypt's exports to Cyprus increased to $76 million in 2022, up from $45 million in 2021, marking a hike of 68.8 percent.
-
Egypt's trade deficit decreases 47% during January
The decline in the trade balance deficit during January 2023 is due to a decrease in the value of imports by 28.2 percent, reaching $6.33 billion.
-
Philip Morris raises prices of its cigarettes, tobacco products
Philip Morris Egypt has raised the prices of cigarettes and tobacco products, the new prices are applied starting Thursday.
-
Fine Hygienic Holding acquires Easy Care, New Easy companies for cosmetics
The full integration of Easy into the FHH portfolio is expected to take place within the coming months.
-
Egypt's non-oil private sector PMI drops slightly in March
The report also mentioned the impact of exchange rate volatility in the local market, which led to significant rises in costs and charges.
-
Egypt, USAID discuss Country Development Cooperation Strategy 2020-2025
Al-Mashat also indicated the ministry's keenness on effective and continuous communication with all development partners.
-
Egypt-Saudi trade up by 13.5% in 2022: CAPMAS
Egypt's exports to the Saudi market rose by 11.2 percent in 2022 to reach $2.5 billion, up from $2.2 billion in 2021.
-
Egypt-India to boost trade exchange to $7.5bn
The ambassador said that he was keen to tour several investment projects in the fields of solar energy, agriculture and industry.
-
MARAKEZ complements Mall of Arabia
MARAKEZ welcomes a wide variety of new partners to its wide range of tenants at Mall of Arabia.
-
Cambodia, Egypt sign 3 MoUs in culture, antiquities, diplomacy
The two ministers also agreed to promote bilateral trade and economic cooperation, tourism, education, and agriculture.
-
Turkish firms pledge $500M in Egypt investments, eye $20B in trade
Denizer noted that the bilateral trade volume has always remained at the same level, at around $5 billion, while this has also begun to change.
-
A look into "Start initiative" after 6 months of its launch
The Egyptian soda ash project, which was launched in January 2023, is expected to reduce the import bill by $500 million annually.