Trade News
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Egypt Participates in BRICS as Member for 1st Time
Egypt participated for the first time in BRICS meetings after joining as a full member as of January 1, 2024.
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Egypt, Italy forge strong agreements in diverse development sectors valued at €82M
Egypt and Italy have engaged in collaborative efforts across various development sectors, amounting to €82 million.
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Conflict in Red Sea will weigh on Egypt’s elevated financing needs; inflation to soar
The Red Sea crisis will further elevate public sector gross financing needs for most emerging markets and middle-income countries in MENA.
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Cairo retail sector rents rose by 9% in 2023 – JLL
The retail sector saw limited project launches and completions in Cairo in 2023.
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Supply Minister: State working on plan for modern civilized markets nationwide
In addition to their compatibility with developmental and service-related advances, these new markets will also keep road encroachments in check.
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Egypt, Russia trade exchange increases by 14% during 2023
During the first 11 months of 2023, Egypt's exports to Russia valued at $469 million, showing a decrease of 13.7 percent, compared to $543 m in 2022.
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Egypt's Suez canal authority head: revenue down 44% in Jan 2024
Egypt's Suez canal authority head Osama Rabie told Asharq TV on Thursday the canal's revenue fell by 44% in January 2024 compared to last year.
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Egyptian exports 2023/24 forecast to increase by 25 percent
Most orange exporters are producers who own packing facilities approved for export by the government.
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EU accounts for 27% of Egypt’s total trade: Commissioner Varhelyi
Commissioner of the European Commission Oliver Varhelyi announced that the EU is Egypt's primary trading partner.
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Everything you need to know about the 5 latest agreements of Suez Canal
These groundbreaking pacts signal the commencement of negotiations for 50 prospective deals.
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Top 10 electronics retailers in Egypt
With continued government support and collaboration with global brands, Egypt's position as a regional electronics hub is strengthening.
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Egypt keen on advancing bilateral relations with Asia: Finance Minister
Maait highlighted the government's willingness to explore the Asian financial market as a means to diversify funding sources.
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SCZone Launches Digital Platform “E-tabadul” to Link Production, Service Projects
Promoting and introducing this platform is an important matter, as well as the necessity of full direct coordination with the Federation of Industries
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Partnerships between Egypt, Team Europe initiative record $12.8 bln: Minister
Partnerships between Egypt and the Team Europe initiative have pumped $12.8 billion over four years in soft financing to both the public and private.
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Egypt-Russia Trade Exchange Records $5.1 Billion: CAPMAS
The value of Egyptian exports to Russia was $469 million during the first 11 months of 2023, compared to $543 million, year-on-year, a decrease of 13.
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Qatar, Egypt discuss enhancing economic, investment cooperation
During the meeting, the focus was on establishing cooperation mechanisms that would facilitate seamless economic integration.
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To support exports: Egypt inks agreement with Italy for Ro-Ro cargo line
Egypt signed an agreement with Italy for cargo transport through the roll-on/roll-off (Ro-Ro) system capacity of 420 trucks every week.
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10 things you need to know about the closure of retail brands in Egypt
This move comes as a response to the prevailing economic challenges, including the devaluation of the Egyptian Pound.
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Alshaya Group closes down Debenhams, Mothercare, The Body Shop in Egypt
Alshaya Group, a key regional operator overseeing renowned brands such as American Eagle, H&M, and Victoria’s Secret to scale down in Egypt.
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Local Brands: From Online to On-site Bazaars
Egyptian local brands are applying online-to-offline (O2O) commerce strategy.