Import Export News
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Egypt's pound hits weakest official level since December 2012
The move comes days after the bank surprised with a cut to its benchmark interest rates of 50 basis points.
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Dubai's Mashreq Q4 profit jumps, talking with Citi for Egypt unit
Citi has received bids from ten banks for its Egyptian consumer business after putting it up for sale in October
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ALEXBANK launches Bancassurance Programme with MetLife Alico
The partnership will offer a comprehensive range of products to help customers save towards their goals
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Japan to provide Egypt $360m in energy, infrastructure and technology aid
$200m as Japanese financial support for countries fighting ISIS, says Shinzo Abe
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Egypt to organise promotional campaign after economic forum
The Egyptian government is planning a promotional campaign to subscribe to $1.5 billion bonds offered in the global market after the Sharm al-Sheikh conference in March
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World Bank forecasts Egypt’s economy to grow by 2.9% in FY 2014/15
investors’ interest in Egypt increased as the economy has began to recover, and GCC support helped ease a shortfall of foreign reserves.
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Egypt, Kenya Announce Formation of Bilateral Egyptian-Kenyan Business Council
Kenya Egypt Business Council will include 10 businesses from each country to help deepen bilateral ties via quarterly meetings
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Egypt Cuts Key Rates to Boost Growth
Sliding Oil Prices Ease Pressure on Arab State’s Strained Finances
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Egypt's Palm Hills to inject LE2.2 bn into projects in 2015
Egypt's second-largest listed real estate developer saw its third quarter net profit grow 152 percent to LE129.7 million on a rise in deliveries
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60 local, international entities to review new investment law: Minister
Current draft not final, may be subject to revision based on ongoing consultations with business community, Ashraf says
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Egypt's president to turn economy around with mega trade deal with Britain
The deal with Britain focused on developing the energy, real estate and construction sectors.
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Eni grabs two more oil and gas fields in Egypt
Italian Eni to explore two Egyptian fields in the Mediterranean
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Customs confuses automobile market calculations
Pilot prices for European products rang between fact and fantasy, agents complain about excessive customs values.
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Egypt says wheat stocks enough to last until early May
New silos to come into use in March, in time to receive the local harvest and secure strategic reserves until October.
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HOTAC develops 5 branches of internal trade companies : Investment ministry
Private sector carried investment cost of development and paid an annual income for partnership worth EGP 7.6m, with a 10% increase annually.
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Egypt and Algeria to sign gas import agreement
Egypt will import 6 cargoes of LNG from Algeria between April and September.
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No export restrictions from Russia on Egypt
GASC recently contracted to purchase 300,000 tons of wheat from France and Russia for subsidised bread.
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Egypt’s September trade deficit surges to 70.9 percent – Report
Exports fell to 14.6 billion EGP in September, down from 16.6 billion EGP in September 2013.
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EU grain to enjoy spoils of Russian export curbs
Russia, one of the world's leading grain suppliers, is restricting exports as plunging oil prices and Western sanctions hammer the rouble.
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Minister: Egypt-China trade exchange to reach $11.5 bn by 2015
Council member Ahmed al-Sewedy said the council, with its new formation, will work on attracting more Chinese investments to Egypt.