Trade News
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23.2% decrease in trade deficit in March 2024: CAPMAS
The trade balance deficit reached $2.37bn during March 2024, compared to $3.09bn for the same month in the previous year.
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Egypt to unveil new investment opportunities for Arab, foreigner investors next month
The government will unveil several investment opportunities in key sectors during the joint investment conference between Egypt and the European Union
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Egypt gets cabinet approval for new private agricultural exports free zone
The first phase of the project is targeting an export volume of $200 million, which is expected to double once the second phase is completed.
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Volume of trade exchange bet. Egypt, Malaysia reaches $777M in 2023
The main commodities exchanged between the two countries included fresh oranges, natural calcium phosphate, and strawberries.
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SCZONE aims to attract more Korean companies in targeted industrial sectors: Chairperson
During the meeting, Gamal El-Din engaged with representatives from various Korean companies, each specialising in different sectors.
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Belgium Expresses Desire to Invest in Egypt's Electricity, Green Hydrogen Sectors
François Connet pointed to the Belgian government's desire to support and enhance cooperation with Egypt to achieve its goals and use hydrogen.
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Egypt-China trade exchange hits $15.7bln in 2023
In a meeting headed by Prime Minister Mostafa Madbouly, El-Minshawi stated that more than 2,600 Chinese companies have invested $8 billion in Egypt.
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Egypt, Iraq Discuss Cooperation in Drug Export, Registration
Abdel Ghaffar lauded deeply-rooted relations binding Egypt with Iraq and their continued coordination in all domains.
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ECA announces implementation of ex-ante merger control system starting from June 2024
The authority has established fast and transparent review processes for notified economic concentration.
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Philip Morris International acquires 14.7% in Egypt's Eastern Company
Eastern Company is Egypt’s largest cigarette manufacturer, with a portfolio that also includes cigars and pipe tobacco, among other products.
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Egyptian merchandise exports reach $13bn in first 4 months of 2024
Egyptian merchandise exports reached $12.91 billion during the first four months of 2024, reflecting an annual 10 percent increase.
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Egyptian Exports to Arab Nations Reach USD 13.6 Billion
Saudi Arabia emerged as the top importer of Egyptian goods, with imports totaling USD 2.7 billion.
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Global inflation raises Egypt’s import bill by $4 bln monthly
Egypt's import bill rose by $4 billion per month due to the rise in global prices, increased shipping costs, and exchange rate fluctuations.
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Korean Delegation to Meet with Egyptian Gov't, Chamber of Commerce for Economic Cooperation
The accompanying Korean delegation includes a group of Korean businessmen and CEOs of 19 companies operating in 11 fields.
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Egypt’s Customs Authority returns tariff on expatriate gold
The head of the Customs Authority Al-Shahat Ghatouri told Al-Masry Al-Youm We returned as it was before the exemption decision because it ended May 10
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Egypt, Armenia mull ways to cement bilateral coop.
Mehrabyan hailed good ties binding the two countries, voicing Armenia’s keenness to foster co-operation with Egypt.
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Egyptian-Turkish business relations in 2024: A new era of cooperation
After nearly a decade of strained relations, marked by political and ideological conflicts, both countries have made strides in rebuilding relations.
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Egypt, Greece to launch sea freight between ports of Alexandria, Volos
Egyptian Ambassador to Athens Omar Amer met with Greek Minister of Maritime Affairs Christos Stylianides to discuss cooperation on shipping.
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Egypt's industrial sector grows by 3.8% in FY 2022/2023: Trade Minister
Minister of Trade and Industry, Ahmed Samir said that the country's merchandise exports reached approximately $36 billion in 2023.
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Philip Morris Enters Egypt Market Following Disputed Tender
Under IMF pressure Egypt has loosened its hold on the tobacco industry, allowing private investors to make inroads.