Trade News
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5 new ways the government is supporting Egyptian exporters
From immediate cash payments to enhanced cooperation with the banking sector, the measures aim to provide financial support and stability to exporters
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Egyptian customs releases $44 bln worth of goods since January 2024
The Egyptian Customs Authority (ECA) has released imported goods worth $44 billion from its ports since the start of 2024, the head of the authority.
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Economic diplomacy a key to strengthen Egypt position as rising int’l power
Minister of Foreign Affairs Badr Abdelatty said Monday, in a ceremony marking the 100th anniversary of the Egyptian Stock Exchange (EGX).
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Egypt’s trade deficit shrinks 10.3 percent to $3.57 billion in May 202
Despite the narrowing trade deficit, Egypt's current account deficit widened in the first nine months of fiscal year FY 2023-24 to $17.1 billion.
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Egypt’s food industry exports record $3.2B during H1 of 2024
Exports to non-Arab African countries reached $225 million, making up 7 percent of the total exports and growing by 9 percent.
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Egypt trade deficit narrows by 10.3% year-on-year: CAPMAS
Egypt’s trade deficit narrowed by 10.3 percent year-on-year (YoY) in May to reach $3.5 billion, down from $3.9 billion a year earlier.
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Egypt implements 6 stages of the Egyptian export support initiative spans from 2019 to 2023
During this period, over 2351 companies reaped the benefits of the program, receiving a collective support sum of EGP 54.15 billion.
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Egypt trade deficit narrows by 10.3% year-on-year: CAPMAS
Egypt’s trade deficit narrowed by 10.3 percent year-on-year (YoY) in May to reach $3.5 billion, down from $3.9 billion a year earlier.
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How boycotts are boosting local brands in Egypt
Recent boycott campaigns in Egypt, driven by solidarity with Gaza, have had a significant impact on global brands.
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Delhi-Cairo economic ties soar, over 50 Indian companies now invest in Egypt
On the defence front, the EAM spoke about the expanding collaboration between the two countries, including regular bilateral exercises.
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Sheikh Mohammed bin Zayed visits Egypt to strengthen bilateral ties
President of the UAE, Sheikh Mohammed bin Zayed, has touched down at El Alamein International Airport for an extensive stay in Egypt.
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Egypt has the potential to transform into commercial, production hub: UAE ambassado
UAE Ambassador to Egypt Mariam Khalifa AlKaabi said Egypt has the potential to transform into a commercial and production hub to cover EU and Africa.
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Egyptian-Indian Business Council to bolster Indian investment in Egypt by $5B
Minister of Investment and Foreign Trade, Hassan El-Khatib, held a meeting with the members of the council where they discussed various matters.
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Egypt summer sale season kicks off in August
The Minister of Supply and Internal Trade Sherif Farouk issued a ministerial decree on Sunday to start the summer clearance season on 5 August.
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Egypt launches new labs affiliated to General Organization for Export and Import Control
Khatib inspected the quality control labs specialized in measuring pesticides, toxins, oils, additives, enzymes, and hormones in food products.
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Egypt takes step towards global trade hub in North Sinai
The land will be used to establish logistics hubs,in line with President Abdel Fattah el-Sisi’s directives to make Egypt a global center for trade.
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Egypt’s April trade deficit narrows 2.5% YoY as exports rise
Egypt's trade deficit narrowed 2.5 percent year-on-year to around $2.7 billion in April as exports recorded a slight increase.
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Egypt’s cigarette prices rise once again
Prices rose by about 22 piasters for 11 brands. This is the third increase that the company has enforced this year.
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Volume of trade exchange bet. Egypt, Serbia records $120.4M in 2023
The value of Egypt’s exports to Serbia recorded $30 million in 2023, compared to $10.8 million in 2022, an increase of 177 percent.
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Egyptian exporters to receive EGP 3 bln of their arrears
The Ministry of Finance will cash approximately EGP 3 billion on Thursday 18 July as part of the government's support to exporters.