Trade News
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Climate envoys haggle over final deal in Egypt
112 world leaders had gathered to advance the global climate agenda and deliberate on how to turn commitments into implementation.
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10,000 Egyptian expats registered to import cars without customs
About 10,000 Egyptian expatriates registered over the past 48 hours on the Egyptians Expats Cars app.
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Egypt, EU sign hydrogen strategic partnership MoU
It aims to encourage investments in the infrastructure needed for hydrogen distribution, storage, and export as well as generating renewable energy.
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Trade exchange bet. Egypt, Germany reaches €5.1B in 2021
Samir stated that German investments in Egypt amounted to about $2.9 billion until the end of April 2022.
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Egypt’s annual inflation jumps to 16.2% in October
This surpasses the 15.7 percent mark registered in November 2018, the Central Agency for Public Mobilisation and Statistics (CAPMAS) announced.
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Egypt to establish green logistics hub in Sokhna 360
BASF has entered into this MoU with Elsewedy Industrial Development, to build one of the biggest, and most sustainable logistic hubs in Sokhna 360.
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Qatar’s sovereign wealth fund deposits $1 bln into Egypt’s CBE
Qatar’s sovereign wealth fund, deposited $1 billion into the Central Bank of Egypt, to pave the way for the authority to pump new investments in Egypt
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Egypt and Germany strengthen LNG and green hydrogen links
By signing a Joint Declaration of Intent, the two countries underscore their ambitions to combat climate change.
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Suez Canal to hold panel on green solutions, investment opportunities
The panel will also highlight the measures to be taken in the future to achieve sustainable development and tackle the risks of climate change.
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Low-income families struggling in Egypt’s economy
Egypt’s annual urban consumer inflation has spiked to 15 percent, its highest in four years, eroding value of earnings.
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Egypt, Palestine officials discuss strengthening economy, trade relations
The two sides stressed the depth of the strong “brotherly relations” and the true partnership that unites the two countries.
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Vietnam pushes forward economic ties with Egypt
The Vietnamese Embassy in Egypt has been actively promoting economic diplomacy to further boost bilateral economic, trade, investment and tourism ties
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Egypt-UK trade grows 35% YoY in 2021
Bayley said that his country is looking forward to promoting economic and investment partnerships with Egypt.
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Egypt, UAE celebrate 50th anniversary of bilateral relations
“Egypt and the UAE…One Heart”. Both countries aim to further strengthen their already solid ties spanning more than five decades.
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India seeks to increase trade exchange with Egypt to US$ 2 billion
Indian Foreign Minister Subramaniam Jaishankar announced that his country is seeking to increase trade exchange with Egypt by up to two billion dollar
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India, Egypt to now explore opportunities in renewable energy, trade
India and Egypt have stepped up defence and security cooperation and will explore opportunities in renewable energy, trade, tourism and connectivity.
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Egypt seeks to push forward key IMF deal
The Ukrainian crisis led foreign investors to pull nearly $20 billion out of Egyptian treasury markets in a matter of weeks.
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Egypt’s economy more capable of green recovery
Egypt seeks to lure more development investments, especially in the green projects, through giving more opportunity to the private sector.
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Egypt-Ghana trade deal to help reach $100 bn exports
This is the first trade deal to be signed in light of the AfCFTA, which came into force on January 2021.
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Private sector’s contribution to Egypt’s economy 70-75%
President Abdel Fattah El-Sisi affirmed that the state is keen to remove all obstacles facing investors.