Trade News
-
Egypt’s Trade with BRICS Countries Surges to $50.8 Billion in 2024
Egypt’s exports to BRICS nations climbed 10.6% to \$9.4 billion. The Gulf region emerged as a major market for Egyptian goods.
-
Egypt begins paying long-overdue export debts
The Ministry of Finance has earmarked EGP 25 billion for disbursement in August, delivering on a key promise to inject liquidity.
-
Eastern Company to cap cigarette price at EGP 45
Eastern Company CEO Hany Aman announced that cigarette prices will be capped at EGP 45 per pack starting Tuesday following recent tax bracket changes.
-
Egypt-Germany economic portfolio reaches $1.8bln
The two officials touched upon the financial cooperation agreement signed between Egypt and Germany in 2022, at a value of €118 million.
-
Egypt confirms acquisition of Chinese HQ-9B long-range air defence system
Egypt’s decision to acquire the HQ-9B stems from a combination of strategic, economic, and political factors.
-
Egypt tax authority sets 30 June deadline for dispute settlement requests
Egyptian Minister in Prague to boost trade with Czech companies, seeking investment opportunities across various sectors.
-
We will discuss Egypt’s accession to free trade agreement with Eurasian Union: Putin
The Russian president explained that the union is open to cooperation with all foreign partners and actively seeks to develop mutual relations.
-
Africa’s trade report shows the continent defies all odds
Despite the strong trade rebound, the continent continues to face an estimated $100 billion trade finance gap.
-
Egypt supplies 70% of global jasmine and essential oils production
Egypt leads jasmine output, shifting to local perfume production to boost value and resilience.
-
Egypt-Serbia Trade Triples to $300 Million Amid Strengthening Bilateral Ties
This is up from $94 million in 2022—marking a significant leap in economic cooperation between the two countries.
-
Egypt sets up crisis committee to monitor repercussions of Iran-Israel war
The former Governor of the Central Bank of Egypt, Mahmoud Aboul-Eyoun, expressed his concerns about the impact on foreign exchange earnings.
-
Why Chinese factories are moving to Egypt amid the trade war
A growing number of Chinese manufacturers are shifting production to Egypt as they seek relief from US tariffs on China and Southeast Asia.
-
Egyptian exports to BRICS nations record $905M in 2024
Egypt’s exports to BRICS rose 31.5% to $905M in 2024, with imports up 40%, highlighting deepening trade ties and strategic economic integration.
-
Egypt’s trade to BRICS countries soars over 30% post-admission
Egypt’s trade with BRICS nations surged over 30% after joining the bloc, signaling stronger global ties and rising export-import momentum.
-
Egypt issues first continent-wide investment study for Africa
Egyptian investments in Africa have already topped $14 billion, and the country is showing no signs of slowing down.
-
Egyptian foreign trade surges in H1 of FY2024/2025 as imports climb
Trade activity with Egypt’s top 14 partners made up 67.9 percent of the total foreign trade, amounting to $44.109 billion.
-
Egypt's tobacco imports rise in 1st quarter of 2025
CAPMAS data estimated Egypt's total tobacco and tobacco paper imports at approximately $45.226 million during the first quarter of this year.
-
Potential of Russian-Egyptian cooperation remains substantial
The potential of Russian-Egyptian cooperation remains substantial, and the foundation is committed to supporting it comprehensively.
-
Egypt's tobacco imports rise in 1st quarter of 2025
Egypt imported $45.2M in tobacco/paper in Q1 2025 vs. $16.4M in Q1 2024, signaling a sharp demand increase.
-
Egypt Eager to Enhance Relations with China
Egypt aims to deepen trade and diplomatic ties with China, signaling stronger economic cooperation and potential investment across key sectors.