Trade News
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Egyptian exporters are turning to North African markets, as they struggle to supply Russia
Egyptian exporters have been particularly affected by the war in Eastern Europe, Russia being a market that massively absorbs Egyptian production.
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Global fashion brand DeFacto opens 25th store in Egypt
DeFacto, the global fashion brand continues its investments in Egypt which it started by opening its first store in 2013, without losing momentum.
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CAPMAS: Inflation increased to 18.7% in November
According to Naeem, supply shortages and increasing production expenses were the main factors behind the monthly increase.
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Supply Ministry prepares list of food commodities with indicative prices
Among those commodities so far are sugar, rice, oils, pasta, jam, flour, vegetables, fruits, meat, poultry, and fish.
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Egypt, Malaysia in talks for $30mln palm oil production project
Under the first stage, a storage facility for Malaysian palm oil packaging will be established with investments of $10 million.
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Cabinet reviews efforts to operate fast "RoRo" shipping line to export agricultural crops to EU
The state adopts specific policies to work to increase the volume of Egyptian exports and open more foreign markets.
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Germany provides €370 million to finance 16 projects in Egypt until 2024
This came after the ministry organized the Egyptian-German round of governmental negotiations for the year 2022.
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US business representatives express interest in expanding projects in Egypt to President Sisi
President Abdel-Fattah El-Sisi attended Friday an open dialogue with representatives of the US business sector.
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El-Mulla unveils $100 million gold refinery project
The project aims to maximize the added value of gold resources and complete the value chain for manufacturing the metal.
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Police seize 1,913 strategic commodities violating cases within 24 hours
Among those cases, was the case of selling white rice for more than the price, with seizures amounting to 4,025 tons.
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Egypt’s exports to Africa grow 25.4% YoY in Q1 2022
Egyptian exports to Africa increased at a faster pace in 2021 than to the country’s total exports to the world.
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MSMEDA, EU, AFD cooperate to develop informal settlements
Gamea praised the continuous cooperation between MSMEDA and the Ministry of International Cooperation in concluding agreements.
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Christian Dior to launch into Egyptian Market in 2024
Baudy stated that Dior is following up on Egypt’s efforts to stabilize its economy, and expediting procedures in ports, customs.
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Egypt's exports to European Union doubled in 2022
Egypt's exports to the European Union (EU) have doubled in 2022 after reaching about 8 billion euros, up from 4 billion euros in 2021.
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Qatar: Deputy prime minister and minister of foreign affairs meets Egyptian minister of planning and economic developmen
During the meeting, they discussed bilateral cooperation relations between the two countries and means of supporting and consolidating them.
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Azza Fahmy collaborates with Balmain on A bustier inspired by ancient Egyptian legacy
Azza Fahmy received inspiration in the form of ancient Egypt and, through channeling new realms of creativity, created a masterpiece.
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Could Egypt ban exports of raw gold?
The decision to ban exports of raw gold aims to preserve Egypt's wealth of precious metals and prevent it from fleeing the country.
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Trade exchange bet. Egypt, USA hit $7.3B in 9 months
Egypt’s exports to the United States amounted to $1.8 billion during the first 9 months of 2022, compared to $1.9 billion during the same period 2021.
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Aton resources completes phase 2 diamond drilling program in Abu Marawat concession
The company said that the program was after drilling a total of 9,073 meters from 85 holes.
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Dubai International Chamber opens new Cairo office
The Cairo office will provide Egyptian MNCs and SMEs access to trustworthy partners required to unlock Dubai’s global hub opportunities.