Trade News
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Egypt’s exports rose by 20% to $53.8 billion in 2022
Non-petroleum imports were been kept unchanged over the past year at around $80 billion, Madbouli added.
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Egypt's gold exports recorded $1.5 billion in 2022
ECBM stated that Egypt exported gold, jewelry and precious stones to about 43 countries during the first 11 months of last year.
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Sisi arrives in UAE for Abu Dhabi Summit
Sisi’s involvement in the Abu Dhabi summit comes out of Egypt’s desire to strengthen all relations with the countries participating in the summit.
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Egypt's trade deficit up 21.1% YoY in October
Exports stood at $3.77 billion last October, down by 9.4% from $4.16 billion in October 2021.
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Egypt to sell discounted bread to fight inflation
Egypt's private sector importers and mills have struggled in past months to pay for hundreds of thousands of tonnes of wheat stuck at ports.
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Egypt signed of 17 collective bargaining agreements in 2022
A total of 25,685 workers have benefited from these agreements in various sectors like tourism and hotels, food and chemical industries.
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Egyptian-Chinese FMs discuss ways of cooperation
Shoukry pointed to the importance of strengthening cooperation to uphold the principles on which relations are based in light of joint coordination.
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Egypt's exports rise by 23% year-on-year in first 10 months of 2022
The top ten importers included Spain and Turkey with commodities worth $3.1 billion each, followed by Italy with $2.8 billion and the US with $2 bn.
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Potatoes of Egypt – how will the shrinking Russian economy affect the sector?
Tn general since Russia is the main market for potatoes and vegetables from Egypt.
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21.1% an increase in trade balance October 2022
The deficit value of the trade Balance reached 3.58 billion dollars during October 2022, versus 2.95 billion dollars for the same month of 2021.
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GoDaddy’s Small Business Survey reveals the majority of Egypt’s small businesses are optimistic
67% of small businesses in Egypt are optimistic about their business sector growing in 2023.
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Egyptian ports release goods worth $1.5 billion in 10 days
PM Mostafa Madbouly reviewed a detailed report on the latest developments regarding the situation of goods released at Egyptian ports.
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Integrating the informal economy
Following its two-week recess, the Senate debates ways to regulate informal economic activity.
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Gold prices in Egypt reach record high
The price of the 21-karat gram hit a record high of EGP 1,630 in December, up from EGP 1,054 in August.
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Japan loans Egypt $306m towards cost of line 4 of Cairo metro
Japanese systems and trains will be used as part of the official development aid loan, which has a 40-year repayment horizon.
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Government postpones costly projects after local currency depreciation
The gov. will stop spending on new projects that need US dollars and ordering state entities to get approval from the Finance Ministry and the CBE.
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MENA’s growth to decelerate to 3.5% in 2023 amid the global economic crisis
The report ascribed that to the high inflation that erodes real wages and weighs on domestic consumption.
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Egypt, Somalia sign MOUs on higher education, cultural cooperation, media in Cairo
The MoU aims to boost cooperation between Egyptian and Somali higher education institutions and universities and to exchange educational delegations.
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Don't believe 'nonsense' about economy, says Egypt's El Sisi
President's comments come the same day as an austerity package designed to address the foreign currency crunch.
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Egypt Suez Canal chief says revenues for 2023 expected at $8.7 bln
Egypt's Suez Canal is expected to generate $8.7 billion in revenues during 2023.