Trade News
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Egypt's trade deficit grows 4.3% in Febraury
The increase in imports and decline in exports is behind the deficit.
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Egypt's Suez Canal revenues rise to $422 million in April
The Suez Canal is one of the main sources of foreign currency for Egypt.
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Sisi meets members of Egypt-Kuwait Business Council
The government is keen to resolve investment disputes with foreign investors through amicable means.
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Egyptians in talks to buy foodstuffs in Brazil
A representative of importers will convene with Brazilian commodity suppliers to stock up for Ramadan.
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Egypt seeks expansion of QIZ trade agreement
The US was Egypt's third biggest trading partner in the last fiscal year ending 30 June 2014 with trade worth a total of $6.7 billion.
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Dollar exchange rate forces increased automotive prices
Sector workers cannot keep up with increase in taxes and customs.
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Egypt eyes Viet Nam's investment potential
Last year, trade between Viet Nam and Egypt reached US$395 million, a $100-million increase from 2013. The two countries are striving to raise this figure to $400 million this year.
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Russian business delegation to visit Egypt May 25
Trade volume between the two countries amounted to $5.5 billion in 2014, according to the State Information Service.
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Egypt Stocks Eye Bear Market as Dollar Squeeze Curbs Trading
Egypt’s dollar drought is driving last year’s best-performing Middle Eastern stocks toward a bear market as trading slumps.
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Egypt targets 5% growth in FY2015/16: Minister
The state budget will only feature LE55 billion in government investments while the rest will be financed from various sources.
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Israel says Egypt buying advanced Russian air defense system
Egypt depends on extensive U.S. military aid, which can potentially be influenced by Israel's own lobbying clout in Washington.
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European Union and Ministry of Finance launch Twinning Project
The project aims to enhance the accounting and auditing profession in Egypt
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Egypt, Italy sign airlines development deal
Italy is Egypt's biggest European trading partner, with trade between the two countries reaching $6.1 billion in the fiscal year 2013/14.
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Egypt issues $1.302 bn in USD denominated t-bills at avg yield of 2.643 pct
The minimum yield was 2.6 percent and the maximum yield was 2.65 percent.
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UAE provides EGP11bn to finance 50,000 residential properties
Project to be finalised by July, according to head of Executive Body for Social Housing
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Mehleb visits France for economic cooperation discussions
Prime Minister’s first official visit to France tackled mutual interests.
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FEDCOC promotes investments in agriculture and food industries in Expo Milan
26 Egyptian companies and investment entities took part in bilateral meetings with European counterparts.
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Monti (ICE), new mission with Calenda in July
Italy is optimistic after Sharm Italy economic summit.
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Egypt moving forward with reforms, trade minister
Italy confirms confidence during Abdel Nour's visit to Rome.