Import Export News
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Lantern prices increase 20%, Chinese products infiltrate market
Ramadan lantern prices increased this Ramadan over last year due to a price increase in raw materials and exchange rate.
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Israel's Leviathan Gas Field Partners set for talks to supply BG in Egypt
The letter sets out terms of a final accord, including the sale of 7 billion cubic meters of gas a year for 15 years at a price to be determined.
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Egypt's EGAS expects delay in gas import terminal -source
Egypt can export LNG but cannot import it without installing the terminal.
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Veronafiere creates African construction hub in Cairo
Veronafiere is betting on Cairo to create a trade fair hub for the construction industry aimed at the entire African continent, named Projex Africa.
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Egypt extends purchases to buy 4 mln t local wheat -MENA
The Supplies Ministry said last week that Egypt had bought 3.7 million tonnes of domestic wheat this year.
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Algeria, Egypt's Sisi talk security, gas shipments
The offer of five 145,000-cubic-metre cargoes was made after a visit by Egyptian President Abdel Fattah al-Sisi to Algiers.
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Egypt taking oil shipments for June needs despite free Gulf fuel-official
Energy prices in Egypt are among the cheapest in the world, with subsidies eating up a fifth of state spending.
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Egypt GASC seeks wheat for Aug 1-10 shipment
Tenders should reach GASC by noon local time (1000 GMT) on Saturday and the results should come out after 3:30 p.m. on the same day.
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Egypt seeks more cotton imports from African countries
Exports have dropped to 17,028 tonnes since the beginning of the marketing season of the cash crop in September 2013, a drop of 45.3 percent.
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Egypt's natural gas exports fell 81% Y-o-Y in April: Report
Natural gas production also down by 14 percent from same period last year, as government looks to improved year in fiscal year starting in July.
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EU, Egypt discuss fostering economic relations
The European Union adviser for economy and trade said that the transitional phase in Egypt did not affect economic relations with the EU.
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Wheat market decline cuts prices at Egypt tender
Egypt's GASC grain authority at tender bought 180,000 tonnes of Romanian and Russian wheat, for an average of $262.15 a tonne including freight.
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Egyptian non-petroleum exports rise for first time in 2014: Industry ministry
Egyptian exports grow by 3% in May after continuous monthly decline since the beginning of 2014.
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Egypt wants to be 'global hub' for grain storage
Egypt's government is striving to boost self sufficiency and cut its 32 billion Egyptian pound ($4.48 billion) food import bill.
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Arab Customs Union to be established by 2015: Arab League
“The establishment of the Arab Customs Union was waiting for a political decision to be implemented,” Tuwaijri said.
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Egypt trade deficit falls for seventh straight month
Report by state statistics body shows the decline in the trade deficit was driven by a drastic fall in imports.
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Egypt, UAE choose army-linked company to build wheat silos
The UAE is taking a hands-on role in supporting Egypt and is funding a range of development projects including the wheat silo-building effort.
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Egypt opens tender to import fuel in July-Sept 2014 -official
Egypt's government wants to avoid major power blackouts during the months of increased consumption in the summer.
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Egypt "urged" for duties on Turkish steel
Cuts to energy subsidies, which account for 13 percent of the state budget, are seen as necessary by leading business figures.
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Exports to drive Egyptian FMCG sector
Following the civil unrest and political turnover of 2013, FMCG manufacturers reported a drop in sales and disruptions in production.