Trade News
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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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The Status of E-commerce in Egypt
Egypt is one of the main forces behind the fastest growing MENA e-commerce market.
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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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Emirates NBD aims to pump EGP 3bn in national projects in 2015
The bank’s loans and credit facilities portfolio reached EGP 8bn at the end of December
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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's GB Auto considers $1.5 bln of investments
Raouf Ghabbour also predicted revenue of about $1.7 billion in 2014 and was upbeat about investing in Egypt because of what he called a "stable political situation".
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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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Egyptian shipments of wheat avert Russia's February new export duty
Russia is the third largest supplier of wheat to Egypt, itself the largest importer of wheat in the world.
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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.
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Egypt exports to UK grow by 30% in 2014
Egypt-UK trade volume expected to surpass $2bn for first time, Egyptian-British Chamber of Commerce says.
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Egypt & Trade: Where does the problem lie?
Egypt ranked as the country with the highest business costs of terrorism and fourth before last for business costs of crime and violence.
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Egypt's trade deficit surges 82% in August
Trade deficit reaches LE32.8 billion in August compared to LE18 billion in the same period last year.
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EBRD injects $50m in trade facility for Egypt
EBRD will issue guarantees in favour of international commercial banks, covering political and commercial payment risks for transactions made by CIB.
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EU offers new trade agreement to Egypt and MENA countries
Technical committees for the partnership resume their work following a halt due to political unrest.
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Egypt to import LNG from Algeria
After Egypt's deal with Norway to construct regasification unit, it now makes deal with Algeria for LNG.
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Egypt’s trade minister attends Africa free trade talks
On the margins on the meeting, Abdel Nour is scheduled to hold talks with the trade ministers of Sudan, Burundi and Tanzania.
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Free Zones in Egypt have a market size of 1.6 bln consumers
Free Zones enjoy a special system that makes it easier for investors for obtaining licenses required to start a business.