Trade News
-
Egypt’s tax-free car import initiative generates $685M in revenues
Ghatoury further informed that payment orders had reached $1.6 billion by the end of the previous week, with a total of 464,000 beneficiaries.
-
CAPMAS: Egypt-EU Trade Exchange Records $31.2 Billion
The value of trade exchange between Egypt and European Union countries recorded $31.2 billion during the year 2023.
-
Egypt Reduces Import Expenditures by 13.5%
Petroleum products topped the list of the top ten goods imported by Egypt in 2023, with imports valued at USD 7.4 billion.
-
PM Madbouly discusses boosting Egyptian exports with trade minister
Samir said the strategy aims to increase industrial output by 20 percent annually and provide 7 to 8 million jobs.
-
5 ways AI is changing digital marketing
Expected productivity gains from AI are currently fuelling soaring share prices. Here are a few examples from marketing.
-
Egypt Achieved Gains from the Deal to Sell a Stake in Eastern Company
During the state's repeated offering of its shares, no tobacco company came forward to buy a stake, except for an Emirati company.
-
Egypt’s merchandise exports grew by 6% in 2024
Turkey topped the list with imports valued at $551 million, followed by the Kingdom of Saudi Arabia at $511 million.
-
Egyptian Customs authorizes release of $780M commodities
The goods were distributed as follows: $280 million on Thursday and $500 million on Friday.
-
Egypt’s annual polyester imports amounts to $800M: PM
Madbouly inspected the artificial silk and polyester factory in Kafr El Dawar, and is currently heading to the Alexandria port.
-
Egypt begins immediate release of food commodities and medicines
At the same time, the government decision to exempt about 12 goods from duties for a period of six months expires on April 10.
-
Gold Prices Increase, 21-Karat at EGP 2900 Amid Rise in Global Stock Market and US Dollar Parallel
The 24-karat gold reached EGP 3314, 18-karat registered EGP 2486, 14-karat gold sold at EGP 1934, and the gold pound hit EGP 23200.
-
JT Group opens new office in Cairo
JT Group has opened a new Japan Tobacco International (JTI) office in Cairo and held a series of important meetings with strategic stakeholders.
-
Last week to enjoy Amazon.eg's Ramadan sales
Beyond the discounts of up to 50% across 30 product categories, Amazon.eg seeks to elevate the Ramadan journey for its customers.
-
Egypt-EIB cooperation portfolio values $3.6 billion in 18 development projects
The EIB provides financial and non-financial services in more than 160 countries around the world.
-
AWIU devises list for trade exchange in local currencies with BRICS
Yassa explained that this list includes furniture, textiles, ready-made clothing, and disinfectants – especially those designated for hospitals.
-
Egypt hosts inaugural BRICS meeting on global grain trade, anti-competitive practices
This is the first competition related meeting hosted by Egypt after its official joining of the BRICS group earlier this year.
-
Suez Canal revenues decline up to 50% due to Red Sea tensions
The number of ships that crossed the canal decreased to 1,362 ships in January, compared to 2,155 ships in the same month last year.
-
Egypt's Trade Deficit Drops by 68%
The report included the largest receiving markets for Egyptian exports during the month of January, which included Turkey and KSA.
-
Egypt to boost economic cooperation with Germany's Bavaria
This encounter took place during Shoukry's participation in the 60th Munich Security Conference 2024.
-
Egypt plans for $100B in annual exports with new industrial strategy
Samir announced in an interview with Asharq Bloomberg that the strategy will be finalized by the end of February.