Trade News
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Egypt to release Ever Given vessel after owners pay up
The vessel blocked the channel for six days, costing the Suez Canal Authority $15 million per day in lost revenue.
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Trade exchange bet. Egypt, Uganda reaches $110M in 2020
The value of Egyptian exports amounted to $ 101 million, while the value of imports amounted to about $ 9 million.
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Egypt postpones tender for license to make cigarettes
An auction for the licence, which would have ended a decades-old monopoly by the state-controlled Eastern Company , was due to be held on Tuesday.
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Egypt’s economy showed high resilience during COVID-19 crisis: EU Ambassador
Berger stated that Egypt has successfully maintained macroeconomic and financial stability while safeguarding those who need it.
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Trade exchange between Egypt, China reaches $14.56B in 2020
As of December 2020, Egypt has become China's 49th trade partner.
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French train manufacturer Alstom seeks to increase business in Egypt, chairman tells Sisi
Company chairman Henri Poupart-Lafarge met with President Sisi in Cairo on Monday.
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Egypt offers continued opportunities for US business community
Economic reform programme, government steps to lessen effects of COVID-19 allowed Egypt to weather pandemic successfully, says Zahran.
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Egypt’s president expresses aspiration to boost cooperation with Greece in energy, economy
Egypt, Greece and Cyprus signed a tripartite political and economic cooperation mechanism agreement in Nicosia in October 2020.
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Egypt approves new facilities for imported second-hand cars
The decree will be applied to cars that are imported as of October of the model year through September of the following year.
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Trade exchange between Egypt, Japan hits $ 1.3B during 2020
Trade exchange between Egypt and Japan witnessed a growth of about 22 percent during 2020.
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Egypt, Iraq discuss exchange of experiences on development cooperation
Iraqi delegation expressed its aspiration to strengthen bilateral relations with Egypt in various fields.
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Egypt, Iraq and Jordan take steps for further cooperation
An Egyptian team to head to the Iraqi Capital in the upcoming weeks to visit industrial sites along with representatives from the Jordanian embassy.
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Egypt, South Korea see $1.16m trade exchange in 9M 2020
KOTRA will send 10 business delegations to Egypt starting from Q2 of 2021 once COVID-19 pandemic ends.
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Egypt business community sees South Sudan as promising investment destination
South Sudan may need Egyptian expertise in many sectors, such as health, housing, and education.
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Trade exchange bet. Egypt, Ukraine hits $2.6B in 2019
Egypt will remain the largest trading partner of Ukraine in Africa and the Middle East.
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Egypt-S.Korea trade exchange hits $1.5bln in 2019
Goods exchanged between the two countries included engineering products, electronics, furniture, ready-made garments, chemical products and more.
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IKEA to open permanent branch in Egypt by March 2021
Sweden’s furniture brand is expected to open a new and permanent mega store in Cairo's 6th of October City.
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Egypt Prime Minister approves amendments to capital market regulation
Investment in real estate assets that are not subject to legal cases can be raised or issued by a valid allocation decision from a competent authority
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Egypt-Bahrain trade exchange volume reaches $471M
Egypt occupied the 11th place with re-exports with a value of $23 million, and the trade balance reached $286 million.