Trade News
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Industry federations deny halting buying, selling gold
The Federation of Egyptian Industries and the Federation of Egyptian Chamber of Commerce denied reports on halting buying and selling gold.
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Egypt halts importing products from 814 foreign and local factories
The companies in question did not provide the required documents, and so legal measures were taken to implement the rules of the registration system.
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Unilever: Our products are completely manufactured in Egypt
What some newspapers and news websites circulated about stopping the company's exports to the Egyptian market is not true.
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Egypt approves India as wheat supplier
There is a sharp decline in availability of wheat in the global markets due to the ongoing conflict between Russia and Ukraine.
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Libya and Egypt’s trade expected to exceed $2 bln
The Libyan market may take in about two million Egyptian workers with the expansion of economic partnerships between the two countries.
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Trade exchange bet. Egypt, Cyprus hit $66M in 2021
The total Cypriot investments in Egypt amount to $ 358 million in 191 projects in the fields of services, industry, services, construction & tourism.
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Trade between Egypt and Saudi Arabia hit $8 billion
Egypt has adopted a modern system of legislative rules and infrastructure to support global, commercial, industrial and investment and development.
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Sisi Approves Letters of Exchange With Japan
Under the letters of exchange, Japan seeks to contribute to establishing outpatient clinics of specialized pediatric hospital affiliated to Cairo Uni.
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British American Tobacco raises cigarette prices in Egypt
British American Tobacco (BAT) announced on Sunday a new price increase of up to EGP three for some of its cigarette brands on the Egyptian market.
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Business from Cuba and Egypt promote bilateral ties
During a virtual meeting, the secretary general of the Egyptian Federation of Chambers of Commerce, Alaa Ezz, highlighted the excellent relations.
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CargoX extends agreement with Egypt
NAFEZA became the mandatory system for Egyptian ports on Oct. 1, integrating over 26 cargo clearance-related government systems.
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Sudan activates trade agreement with Egypt
In its first meeting, the committee agreed to activate the trade agreement with Egypt.
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3 ways the Russia-Ukraine conflict can affect Egypt economy
Russia and Ukraine are the major suppliers of wheat and tourism to Egypt, But Egypt might have an opportunity to enter the European oil and gas market
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MSMEDA signs cooperation protocol with Jumia Egypt
This comes within the framework of the agency’s keenness to support project owners and help them market their products using modern technology.
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Trade exchange between Egypt, Arab countries surged by 18% in 2021
Egyptian state has taken great strides towards deepening local industrialisation, increasing export rates, and enhancing the added value.
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MSME sector accounts for 80% of Egypt’s economy
This is why the government is keen on strengthening cooperation with international partners on development programs in this regard.
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Egypt-Belgium trade exchange hits $2bln in 11 months
Egyptian exports to Belgium during the January-November period of 2021 were valued at $411.6m, jumping by 75.5% year-on-year (YoY) from $234.5m.
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63.1% decrease in trade deficit during November 2021
The value of exports increased by 80.6% to $4.48bn in November 2021, compared to $2.48bn in November 2020, due to a price increase of some commodities
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Egypt to implement new import rules in March
Egypt has struggled to contain a rising import bill and a current account deficit that widened to $18.4 billion in 2020/21 FY.
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Egypt to boost trade with Libya, Jordan
The talks were held on the sidelines of the 109th meeting of the Economic and Social Council of the Arab League.