Trade News
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Egypt, Turkey sign 20 agreements
The agreements mark a significant step towards repairing strained relations between the two nations.
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Infograph: Egypt exports growth in 2023
This is especially after the announcement of the new government's programme, which included raising exports to $130 billion until FY2026/2027.
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US-Egypt Joint Economic Commission 2nd round to start in September
The second round of the US-Egypt Joint Economic Commission is scheduled for 4-5 September.
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Egypt signs on EU Tigara programme to support trade, industry, growth
The signing was at the headquarters of the Ministry of Planning, Economic Development, and International Cooperation in the New Administrative Capital
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CBE extends deadline for receiving gold jewellery export proceeds
The CBE took this action to support gold jewellery exporters due to the lengthy procedures of their trade activities.
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Korea, Egypt Discuss Strengthening Future-Oriented Economic Partnership
Ambassador Kim emphasized that Korea and Egypt have cultivated a close economic partnership across a wide range of sectors.
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Egypt's agriculture exports surpasses 5.6M tons in 2024
Citrus fruits constituted a substantial portion of these exports, totaling 2,077,386 tons.
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Egypt, Somalia trade exchange rise by 88% in first half of 2024
Trade exchange between Egypt and Somalia reached $59 million during the first half of 2024, compared to $31 million during the same period in 2023.
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Egypt, UAE sign $3 billion agreement to establish Mediterranean logistics trading zone
Agreement includes the possibility of supplying petroleum products to the local market.
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Egypt's merchandise exports to Saudi Arabia hit $1.587B during H1 of 2024
Egyptian exports to Saudi Arabia mainly consisted of medicines, carpets, vegetables, citrus fruits, copper, and wires.
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5 new ways the government is supporting Egyptian exporters
From immediate cash payments to enhanced cooperation with the banking sector, the measures aim to provide financial support and stability to exporters
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Egyptian customs releases $44 bln worth of goods since January 2024
The Egyptian Customs Authority (ECA) has released imported goods worth $44 billion from its ports since the start of 2024, the head of the authority.
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Economic diplomacy a key to strengthen Egypt position as rising int’l power
Minister of Foreign Affairs Badr Abdelatty said Monday, in a ceremony marking the 100th anniversary of the Egyptian Stock Exchange (EGX).
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Egypt’s trade deficit shrinks 10.3 percent to $3.57 billion in May 202
Despite the narrowing trade deficit, Egypt's current account deficit widened in the first nine months of fiscal year FY 2023-24 to $17.1 billion.
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Egypt’s food industry exports record $3.2B during H1 of 2024
Exports to non-Arab African countries reached $225 million, making up 7 percent of the total exports and growing by 9 percent.
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Egypt trade deficit narrows by 10.3% year-on-year: CAPMAS
Egypt’s trade deficit narrowed by 10.3 percent year-on-year (YoY) in May to reach $3.5 billion, down from $3.9 billion a year earlier.
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Egypt implements 6 stages of the Egyptian export support initiative spans from 2019 to 2023
During this period, over 2351 companies reaped the benefits of the program, receiving a collective support sum of EGP 54.15 billion.
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Egypt trade deficit narrows by 10.3% year-on-year: CAPMAS
Egypt’s trade deficit narrowed by 10.3 percent year-on-year (YoY) in May to reach $3.5 billion, down from $3.9 billion a year earlier.
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How boycotts are boosting local brands in Egypt
Recent boycott campaigns in Egypt, driven by solidarity with Gaza, have had a significant impact on global brands.
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Delhi-Cairo economic ties soar, over 50 Indian companies now invest in Egypt
On the defence front, the EAM spoke about the expanding collaboration between the two countries, including regular bilateral exercises.