Trade News
-
Brazil’s corn exports to Egypt up by 174%
In 2024 Egypt imported USD 3.3 billion worth of agribusiness goods from Brazil, an increase of 91.4% compared to 2023.
-
Turkish company to open new investments in Egypt worth US$50 million
The Turkish ambassador said that this decision reflects the Turkish government’s will to increase cooperation with Egypt.
-
Egyptian, Mozambican FMs discuss boosting bilateral relations
The meeting underlined the importance of enhancing cooperation in different fields, including the trade and investment ones.
-
Egypt’s Customs Clearance Exceeds $79 Billion Amid Ongoing Reforms
Between January 1, 2024, and January 8, 2025, the total value of goods cleared through customs surpassed $79 billion.
-
7 facts about the Egypt-Greece-Cyprus business council
The Egypt-Greece-Cyprus Business Council represents a bold step toward regional integration and economic growth.
-
Volume of trade exchange bet. Egypt, Cyprus record $217M in 2024
Trade between Egypt and Cyprus reached a total of $217 million during the first 11 months of 2024, more than doubling the $108 million recorded 2023.
-
El-Sisi, Greek Prime Minister discuss strengthening bilateral ties
The discussions centered on enhancing economic cooperation, with a focus on strengthening ties within the East Mediterranean Gas Forum.
-
Egypt exports hit record $40 bln in 2024
Minister of Investment and External Trade Hassan ElKhatib announced Monday that Egyptian exports reached an all-time high of $40 billion in 2024.
-
Egypt to limit car imports to 1 per importer over next 5 years starting Friday
The investment ministry noted that importers must provide a bank statement to confirm their financial capacity to make such purchases.
-
Egypt's Garment Exports Rise 17% to USD 2.27 Billion in 2024
The US continued to be the biggest importer, with Egyptian exports increasing 14% to USD 971 million.
-
Uzbekistan investment minister urges creating digital platform to boost business ties with Egypt
Only 24 Uzbek companies currently operate in Egypt, primarily in the tourism, telecommunications, IT, and agriculture sectors.
-
Egypt Approves New Mechanism to Settle Exporters’ Dues
December saw updates to the export program, introducing revised percentages of foreign currency proceeds exporters are required to surrender.
-
Egypt's trade with Nile Basin countries grows to $3B in 2023
Egypt’s exports to Nile Basin countries reached $1.73 billion in 2023, marking a 2.1% increase from $1.70 billion in 2022.
-
Egypt to Streamline Customs Clearance with Bahrain, UAE Agreements
El-Kilany revealed that similar agreements with other nations are also in progress, beginning with Bahrain and then the UAE.
-
Iran-Egypt trade surges 67% in 8 months amid growing economic ties
According to Latifi, 35,883 tons of goods worth $17.18 million were exchanged between the two countries during this period.
-
Madbouly pushes for balanced trade deals with Africa to boost exports
The Central Bank of Egypt (CBE) is preparing a plan to promote fair trade exchanges with African nations.
-
Majid Al Futtaim opens first Supeco store in Fayoum
The new store opening reflects the company’s ambitious growth plans, providing accessibility and convenience to communities across the country.
-
Egypt, Jordan trade exchange surges to $923 Million in 2024
Egyptian imports from Jordan saw a sharp increase, totaling $306 million compared to $153 million during the same period in 2023.
-
Al-Mashat highlights 70 years of Egyptian-Japanese cooperation
“Egyptian-Japanese partnerships reflect the importance of collaborative efforts to tackle development challenges,” Al-Mashat stated.
-
Egypt’s total exports decline by 2.2% to record $42.5B in 2023
Egypt’s total imports declined significantly by 5.2% in 2023, reaching $72.4 billion compared to $76.4 billion in 2022. Non-oil imports fell by 4.8%.