Trade News
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Egypt: ZEOT’s profits plunge 86.5% YoY in 6 months
Extracted Oils and Derivatives Company’s net profits after tax declined 86.5% year-on-year in the first half of fiscal year 2022/2023 to EGP.
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Egypt, Russia plan to increase share of settlements in national currencies
Shoukry also focused on the growth of trade turnover between Russia and Egypt, which roughly equaled $6 bln in 2022.
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Egypt’s Haggan Group seeks to export ten date containers
The Egyptian company has Brazil among its main export targets for 2023, according to an interview businessman Khaled El-Haggan gave to ANBA.
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Russia, Egypt sign contract for maintenance of Russian trains in Abu Zaabal
This is the biggest agreement of its sort in Egyptian history will see Russia build a sizable factory in the Abu Zaabal workshop area of Egypt.
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Irrigation min. lauds constructive cooperation with Germany
Irrigation Minister Hany Suweilam has stressed constructive cooperation between Egypt and Germany over the past years.
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Egypt's imports from US witnesses remarkable increase in 2022: CAPMAS
The data showed that the value of Egyptian imports from the United States of America recorded about $6 billion.
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Emigration minister, Kazakh ambassador discuss cooperation
Gendi welcomed cooperation with the Kazakh side to provide job opportunities for youth, according to a statement by her ministry.
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Blinken holds conversation with youth in AUC at the beginning of Egypt visit
As we’re looking at the partnership between the United States and Egypt, the strategic partnership that is of great consequence to the United States.
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Egypt’s strategic partnership with China: opportunities and implications
The partnership between Egypt and China also entails several implications for Egypt’s relations with the United States.
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Alexandria Container’s profit jumps 150.7% YoY in H1 FY 2022/23
The company recorded a net profit of EGP 1.8 billion in the July-December period of 2022, up from EGP 717.76 million in the year-ago period.
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Egyptian, Azerbaijani presidents discuss enhancing cooperation in energy, infrastructure, tourism
This is in addition to MoUs between the Egyptian Ministry of Trade and Industry and Azerbaijani Ministry of Economy.
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Egypt-India trade exchange reaches $4.1bln in 11M 2022
The value of Indian investments in Egypt amounted to $3.2bln in 52 projects: minister.
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Egypt receives 63,000 tons of Russian wheat at Safaga port
Safaga Port received on Saturday 63,000 tons of Russian wheat aboard the dry cargo ship PAREA, according to the Red Sea Port Authority.
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Brazil seeks to sell cotton to Egypt as market opens
Brazilian farmers aim to account for 20% of Egypt 's demand for cotton imports over the next two years.
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Egypt efforts to modernize aircraft inventory to drive defense expenditure at 3.9% through 2028
The US provides Egypt with $1.3 billion of military assistance annually to facilitate the transition from the outdated Soviet era equipment.
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India, Egypt to elevate relations to strategic partnership, take bilateral trade to $12 bn
Modi said that both he and President Sisi closely observed the adverse effects on healthcare infrastructure and global supply chains during COVID.
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Egypt's exports to Brazil hit $650M in 2022, says official
trade exchange between Egypt and Brazil jumped by more than 500 percent, especially after the MERCOSUR-Egypt Free Trade Agreement came into force.
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Egypt-India trade exchange rises to $5.2 billion
The Egyptian imports from India reached $2.94 billion in 2019, from $2.28 billion in 2018, and $2.34 in 2017.
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Egypt's exports to Brazil hit $650M in 2022, says official
Egypt was the largest exporter of oranges to Brazil in 2022, as its exports of the fruit hit $7.3 million, against $2.6 million in 2021.
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Egypt's food industry exports increase to $4.1 billion
In December 2022, exports amounted to about $291 million, compared to $304 million, year-on-year, a decrease of 4%.