Trade News
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TradeHub launches digital platform to support exports, local manufacturers in Egypt
TradeHub, an Egyptian startup, has launched a digital platform to simplify exports and trade operations for local manufacturers.
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Egypt, China in final negotiations on debt swap agreement
The debt program aims to convert debts owed to China into investments in green projects in early 2024, the official said.
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Egypt, Iraq, Jordan working on final plan to start operations on 1st-ever Arab Trade Line
Work is underway to build the Taba–Arish trade/logistics railway corridor, one of seven international developmental logistics corridors in the project
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Egypt’s exports drop 22% YoY in nine months
Egypt’s exports dropped 22 percent year-on-year (YoY) to $30.8 billion during the first nine months of 2023.
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Suez Canal disruption: What is at stake for Egypt and global economy?
The current disruption of the movement of shipping vessels through the Suez Canal -- due to the conflict in the Bab al-Mandab Strait -- poses a threat
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BRICS-led dedollarization should alarm the US
Writing for the Atlantic Council, Thomas Hill noted that Egypt, among others, was added to the BRICS club while Algeria and Tunisia were turned down.
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Egypt’s exports to Africa rise 13 percent in 10 months
Egypt’s exports to Africa surged 13 percent year-on-year (YoY) to $6 billion between January and October, Minister of Trade and Industry said.
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Explaining an enigma: Inflation rates declining but prices keep rising in Egypt
Ahram Online picked the brains of two financial experts on why prices are still rising in Egypt despite recent official data showing that inflation.
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PM issues decision to enforce printing prices on commodities
This came as part of a set of governance procedures aimed at curbing price hikes resulting from intermediaries between producers and consumers.
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Morocco and Egypt seem to be great beneficiaries of Brexit
Both countries have experienced a significant increase in the value of their exports to the United Kingdom.
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Egypt's food exports surge by 15% in first 10 months of 2023: Food Export Council
Egypt's food exports increased by 15 percent, reaching $4.3 billion during the first 10 months of 2023, up from $3.8 billion.
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Carrefour Honors Five-Year Partnership with the Egyptian Food Bank
Carrefour’s contributions, surpassing EGP 3 million, have provided crucial food supplies, impacting over 15,000 beneficiaries.
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Egypt-Brazil Trade Exchange Hit $2.4 Billion
Brazilian Ambassador to Egypt said that that commercial and investment activities between the two countries have steadily increased in the past years.
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Non-oil and petroleum industries drive increases in both exports and imports of 2022, CAPMAS
Non-oil exports saw a 9 percent year-on-year (YoY) growth, reaching $35.50 billion by the end of 2022, up from $32.60 billion.
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Volume of Egyptian exports rise by 19.4% in 2022: CAPMAS
Among Egypt's exports in 2022, finished goods held the highest share at 41.2 percent of the total export value, followed by fuel at 33.5 percent.
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Egypt’s trade deficit hits $3.14B in September 2023: CAPMAS
The report indicates a notable decline in the value of exports, which amounted to $2.94 billion during September 2023.
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Starbucks Loses $12 Billion amid Boycotts over Israel-Gaza War
Starbucks is an American multinational chain of coffeehouses headquartered in Seattle, Washington, with over 35,711 stores in 80 countries.
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Military production min: We are keen on boosting cooperation with Russian companies
This came during his meeting on Russia’s “Rosoboronexport” representatives on the sidelines of the third edition of Egypt Defense Expo “EDEX 2023”.
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Egypt, Saudi Arabia sign MoU during EDEX 2023
The International Defense Industries Exhibition EDEX 2023, held in Egypt in its third edition from December 4-7
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Fewer exports widen Egypt’s trade deficit by 10.3% in September
Egypt’s trade deficit increased by 10.3 percent to reach $3.24 billion in September compared to $2.84 billion in the same month last year.