Trade News
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Automotive market sales rise 14.4% during July
In April, sales of passenger cars recorded a 26 percent decline, affected by the precautionary measures imposed by the government due to COVID-19.
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Trade exchange bet. Egypt, Indonesia ranges bet. $1.2B-$1.5B in 5 years
Egypt is one of the main commercial and pivotal partners of Indonesia, and it is the main gateway for our products to enter Africa.
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Egypt’s auto market June sales surge 18%
This comes despite auto market sales in Q2 of 2020 reportedly being declining 3.8% y-o-y, and 35.3% quarter-on-quarter, amounting to 37,400 units.
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Project: Passenger minibuses
Cairo: 26 passenger minibuses duly air conditioned, WIFY, display screens & electronic fees collection
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PepsiCo expands in Egyptian market, seeks to expand in North Africa
The company's activities are focused on the manufacture and export of crackers and soft drinks.
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Al-Mashat participates in virtual webinar on knowledge economy
The virtual meeting was organized by the Sharjah Research, Technology and Innovation Park (SRTIP) with more than 1,000 attendees from the region.
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Trade exchange between Egypt, China hits $13.2bn in 2019
The Chinese imports from Egypt recorded one billion dollar, the ministry added.
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Egypt: Consumer trends in lockdown
Recently released research has shown what Egyptian consumers have been up to during quarantine.
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Egypt Economy partially open
Many workers will be going back to work, especially in the state sector and extending the hours of shops and trade centers.
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Egypt, ITFC sign $100 million deal to secure staple imports
The amount will be used to purchase 240,000 tons of wheat and 100,000 tons of sugar.
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Paris wheat futures rise after Egypt buys from France
Egypt's state grain buyer GASC said it bought 240,000 tonnes of wheat in an international tender, including 180,000 tonnes of French supplies.
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Egypt’s car sales up 10% in January
The beginning of 2019 witnessed the full application of the EU-Egypt Association Agreement which removed tariffs on European origin cars.
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Belarus, Egypt to exchange information in customs matters
Chairman of the Belarusian State Customs Committee Yuri Senko met with Head of the Egyptian Customs Authority El Sayed Kamal Hassan Negm in Cairo.
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Trade exchange bet. Egypt, world countries reaches $5.3B in 11 months
CAPMAS revealed that the trade exchange between Egypt and African countries slightly rose during 2019 to reach $131.35m, up from $128.74m in 2018.
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Egypt’s economy achieves highest growth rate in 11 years
The Egyptian economy’s growth rate reached 5.6 percent during 2018/2019, compared to 4.7 percent during 2008/09.
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Egypt's trade exchange reaches $23bn in 3 months
The CBE, in a recent report, indicated that the volume of trade exchange between Egypt and the 14 most important trading partners account for 60%.
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Trade exchange bet. Egypt, Agadir countries hits $1.9B in 2019
Gamea added that the Egyptian exports to the countries of the agreement amounted to $1.5 billion in 2019, compared to $1.4b in 2018.
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Egypt has become attractive destination for FDI: US ambassador to Cairo
Cohen was speaking on the sidelines of the American Chamber of Commerce (AmCham) monthly luncheon meeting held at the Conrad Hotel.
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Kenya, Egypt resolve to enhance economic and political collaborations
Egypt was the second nation after the United Kingdom that Kenya established diplomatic relations with.
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Egypt- Al-Sisi to visit UK, accompanied by business delegation
UK companies are interested in establishing new partnerships with Egyptian and African counterparts particularly after the Brexit from the EU.