Trade News
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Egypt could be more of logistical, trade hub for “Belt and Road” countries
Egypt's Prime Minister underscores the country's potential as a logistical and trade hub for Belt and Road Initiative (BRI) countries at a forum in Beijing.
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Korean investments in Egypt exceed $800 million: Ambassador
The Korean investments in Egypt exceeded $800 million, while the bilateral trade recorded $3.2 million during 2022.
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Maait, Gentiloni Discuss Enhancing Cooperation between Egypt, EU
This came on the sidelines of their participation in the meetings of the International Monetary Fund (IMF) and the World Bank in Marrakesh.
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Russia cancels massive industrial zone project in Egypt
The Russian government cancelled the project to build an industrial zone in Egypt's Suez Canal Economic Zone (SCZone).
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Egypt identifies 10 sectors for joint investment with Turkey, African countries
Egypt made a significant announcement during the fourth edition of the Turkish-African Economic and Trade Forum in Instanbul, revealing plans to identify sectors for joint investments with Turkey and Africa.
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Egypt supports exportered by EGP 40.7 bln in 10 years: CAPMAS
Egypt has supported exports by EGP 40.7 billion ($1.32 billion) during the last 10 years, according to data released by CAPMAS.
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Egypt's Exports Record Significant Development, Reaching $311.7 Billion in the Last Decade
Egyptian exports have observed remarkable growth, reaching a total value of $311.7 billion over the last decade despite fluctuations.
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Egypt to suspend customs on essential goods for 6 months: PM
Prime Minister Mostafa Madbouly, in collaboration with the Ministry of Finance, announced that the government will suspend duties on essentials.
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Egypt, France probe bolstering economic ties
Egyptian Minister of International Cooperation Rania Al-Mashat has met with the French Minister of State for Development Chrysoula Zacharopoulou.
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Indian investments in Egypt reach $3.2 bln: Trade minister
Indian investments in Egypt amounted to $3.2 billion distributed in 52 projects in several fields including food industries, chemicals, and tourism.
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Lower imports cuts Egypt’s trade deficit by 23.6 percent in FY2022/23
Egypt’s trade deficit declined by 23.59 percent during the fiscal year 2022/2023, primarily due to a significant decline in non-oil imports.
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Egypt Remains Russia's Largest Trading Partner in Africa
The volume of trade with African countries increased by 43.5% over a period of eight months.
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Egyptian importers call for expanding food export bans amid price increases
As Egypt’s three-month ban on onion exports comes into effect on Sunday, importers have asked for stronger measures to control prices.
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Egypt buys 170,000 tons of European wheat despite drop in Russian prices | Hellenic Shipping News Worldwide
European wheat has continued its winning streak in Egyptian tenders as an unofficial price floor has weighed on Russian wheat’s competitiveness.
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Egypt, UAE sign trade agreement swapping EGP 42 billion for 5 billion AED
The Central Bank of Egypt (CBE) signed a trade agreement with the Central Bank of the UAE (CBUAE) that involves swapping EGP 42 billion for AED 5 bln.
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Egyptian businessmen, Japanese officials discuss cooperation
It will also boost the transfer and localization of advanced technologies in production and in the fields of research and development to Egypt.
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UK investments in Egypt reached $21.5B, says Trade Minister
Trade exchange rates between Egypt and the UK have recently significantly improved, reaching almost GBP 3.4 billion in 2022.
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Egypt seeks to enhance investments with Greek and Cyprus
Egypt's Prime Minister, Mostafa Madbouly, meets with Greek and Cypriot counterparts to discuss strengthening investments and cooperation.
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Egypt-Switzerland trade rose 7.8% in 2022: Trade minister
Trade exchange between Egypt and Switzerland reached $1.52 billion in 2022, up 7.8 percent from $1.41 billion in 2021.
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EgyptAir Cargo resumes flights to US after 8-year hiatus
EgyptAir Cargo has recommenced its freight services to the US, lifting an eight-year suspension. The resumption follows the Minister of Civil Aviation's announcement detailing crucial security enhancements.