Trade News
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Turkish exports to Egypt reaches $872M in Q1 of 2024
Among the leading destinations for Egyptian exports in Q1 2024, Turkey emerged as a key player with trade valued at $874 million.
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Egypt’s merchandize exports up 5.3% YoY in Q1 2024
Türkiye topped the list of importers of Egyptian merchandize exports during Q1 of 2024, with $874 million, followed by Saudi Arabia and the UAE.
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Egypt, Japan discuss deepening strategic partnership
Japan is a key Asian development partner for Egypt, with a cooperation portfolio exceeding $3bn since 2010.
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Egypt’s cigarette prices see increase starting Sunday
The Cleopatra box with 10 now costs 24.5LE, while the King Size is at 34.5LE.
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Egypt released $8 bln in imported goods since March: Finance minister
Minister of Finance Mohamed Maait said Egypt released imported goods worth $ 8 billion between March and April 2024.
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Egypt's MoMP nearing TOT agreements with Thales Group?
The Egyptian Minister of State for Military Production Mohammad Salah El-Din met with representatives from Thales Group on 6/4/2024.
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Egyptian tobacco distributors can hike prices by up to 12%
Tobacco distributor Al Mansour International Distribution Company, Philip Morris, and Eastern Company all hiked their prices earlier this year.
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Egypt’s MoMP and Rheinmetall Forge Cooperation: Skyranger acquisition and TOT
MoMP is said to be in talks with the German defense company Rheinmetall for the acquisition of the Skyranger mobile air defense system.
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Authorities thwart attempt to smuggle white sand in Alexandria
Inspections revealed 24 jumbo plastic drums with white sand hidden and distributed amongst them prepared to be smuggled out of the country.
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Alexandria Port receives Russian ship with 100K tons of grains
Alexandria Port on Saturday a giant transport ship from Russia loaded with 100,000 tons of grains.
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Egypt to launch ‘Price Radar’ app in July to limit monopoly of prices and goods
The application allows the user to specify the location, store, and price of the item, attach a picture of the price and search up the prices of goods
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Egypt taking proactive steps for summer's electricity challenges
Egypt's Natural Gas Holdings Corporation has taken decisive action, securing liquefied natural gas (LNG) shipments to bolster energy reserves.
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Egypt awards British Steel contract to supply tracks for high-speed railway project
There are high hopes that "The Green Line" will revolutionise a decaying transport system in the Arab World's most populous country.
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Egypt aims to procure 3.5 million tonnes of local wheat in 2024
Egypt imported about 12 million metric tonnes of wheat every year from 2017 to 2021: a 2022 report by the United States Department of Agriculture.
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Exploring Egypt's export burden rebate program: 5 key insights
With over 1,100 companies embracing this initiative, we explore the key insights driving Egypt's export revolution.
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Egypt’s non-oil trade deficit decreases 10.6 percent, exports rise 1.2 percent
The report also noted an increase in the value of Egypt’s non-oil exports by about 1.2 percent in Q4 of 2023.
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Egypt To Benefit From More Intra-Africa Trade
With implementation of a new trade deal taking hold, two new reports see a leadership role for Egypt.
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Egyptian PM aims to bring down prices of essential goods by 15-20 percent
Egyptian Prime Minister (PM) Mostafa Madbouly launched a new measure aimed at tackling the escalating inflation and alleviating the burden on citizens
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Egypt issues warning over scams involving expat car import initiative
The Ministry explained that some scammers are claiming to accelerate obtaining approvals, transfer of deposit, the pace of procedures...etc.
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Full financing by Egyptian Banks clears accumulated goods at Egypt's Ports
This has resulted in the prompt release of goods, particularly food commodities, medicines, feed, and production necessities.