Trade News
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Egyptian gov't to provide weekly updates on import backlogs
Egypt seeks to resolve the $9.5 billion import backlog soon to keep the economic wheel turning and keep production running.
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Egypt to sell trains tickets to foreigners in Dollar, Euro
There are 1023 travelers, who paid the value of train tickets in foreign currency during the past days.
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Saudi Arabia 2nd largest investor in Egypt with $6.1 bln
Saudi Arabia is the second largest investor in Egypt, investing $6.1 billion till now in 6,017 projects in industry, construction, tourism and more.
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Egypt announces arrangements for successive release of goods in ports
This came during a meeting held by Madbouly to follow up the markets and preparations for the holy month of Ramadan.
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Trade min. holds talks with senior Saudi officials
The talks tackled means of benefiting from the great economic potentials of Egypt and Saudi Arabia.
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Madbouly directs government to reduce time required for goods release at ports
This step aims at meeting the increasing demand for strategic commodities and securing them ahead of Ramadan.
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Egypt, Equatorial Guinea discuss joint projects
The two sides probed the current preparations for Malabo’s hosting of the GECF’s ministerial meetings next year, the statement added.
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Gold prices increase, 21-karat hits EGP 1760
He added that 24-karat reached EGP 2012, 18-karat recorded EGP 1509, 14-karat was sold at EGP 1174, and the pound of gold was estimated at EGP 14080.
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Egyptian food companies target Saudi market
This week, a trade mission with 43 companies from Egypt took place in Saudi Arabia. The Saudi market accounts for 7.5% of Egypt’s food exports.
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Egypt's sales of gold, silver in 8 years worth $5.3B
The Australian company Centamin, which is operating the Sukari gold mine in Egypt, said that there has been an increase in the mine reserves.
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Egypt's non-oil exports hit $30.4 billion within 10 months
The report also explained that exports of printing, packaging, paper, books, and technical works increased to reach $909 million.
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Macron praises Qatar for World Cup and Egypt for COP27
The next COP will be held in the United Arab Emirates, which shows how much the region is becoming a diplomatic epicentre.
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Egypt's exports of gold, jewelry, precious stones increase by 47%
It reached $1.326 billion, compared to $901 million during the same period of 2021.
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Egypt's Suez Canal registers record revenue of $7.9 billion in 2022
Egypt's Suez Canal registered a record-breaking revenue of $7.9 billion in 2022, authorities said.
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Egyptian-Lebanese trade grows 33% YoY in 2021
Egyptian exports to Lebanon grew by 18% to $329 million in 2021 from $280 million in 2020.
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Egypt succeeds in decreasing trade balance deficit
Also, there was a leap in the Egyptian exports with a percent of 26.6 during the first nine months of 2022 recording $38.7 billion.
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CBE sets new measures for gold exports to support Egyptian pound
CBE sent on Sunday a circular to the banks that includes new measures meant to control the proceeds of gold exports from the local market.
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Majid Al Futtaim inaugurates over $4mln Mall of Egypt Road
The road offers alternative routes to and from key locations in the 6th of October and Sheikh Zayed cities.
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Egypt-Kuwait trade exchange records $401mln in 11M-22
In 2021, trade exchange between the two nations amounted to $306 million.
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Al-Sisi expresses pride in strong Egypt-Jordan relations
President Al-Sisi stressed the importance of continuing efforts to deepen ties in various fields.