Trade News
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Egypt, China ink 3 MoUs to strengthen economic bilateral ties
Egypt has signed three memorandums of understanding (MoUs) with the Chinese National Development and Reform Commission (NDRC).
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MSMEDA seeks to find export opportunities in Arab, African markets
Rahmi highlights the Authority’s ongoing efforts to involve clients in various exhibitions, both locally and internationally.
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13,000 tons of goods handled at Red Sea Ports
About 13,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said.
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Egypt plans to increase exports, attract 30 million tourists
The government aims to increase the growth rate of exports by more than 15 percent annually.
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Egypt plans to raise outsourcing exports to $9 bln by 2026
Egypt plans to expand outsourcing service exports to $9 billion by 2026, the cabinet said in a statement on Tuesday.
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Egypt's Investment, Foreign Trade Ministry to drive economic transformation
The objective is to fully leverage Egypt's capabilities across various industries, as outlined in the state ownership policy document.
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Egypt’s exports to international blocs reach $42bn in 2023: CAPMAS
Among these blocs, Egypt’s exports to the Arab Free Trade Area stood at $13.3bn in 2023 (up from $12.2bn in 2022, a 9.4% increase).
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PM: EU is Egypt's first strategic partners for trade, investment
The Egypt-European Investment Conference has contributed to enhancing strategic partnership between Egypt and European Union (EU).
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Egypt’s PM Mostafa Madbouly targets $100 billion exports by 2030
The meeting emphasized on several ways to make Egyptian products more competitive and increase their market share.
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Greece-Egypt investment relations on positive course
Sofia Efraimoglou, the president of the Athens Chamber of Commerce and Industry said Greek businesses are highly interested in the Egyptian market.
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PM follows up on recent developments of price reduction initiative
Madbouly emphasized that these efforts have contributed to a decline in inflation rates.
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Egypt’s exports to the U.S. rise by 34.5 percent in Q1 2024
Egypt targets $191 billion by 2026 from merchandise exports, tourism and Suez Canal revenues.
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Egypt merchandise exports up by 9.8% in first 5 months of 2024
Egypt’s non-oil exports from January to May 2024 reached $16.5 billion, up from $15.4 billion in the same period of 2023, marking a 9.8% increase.
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Egypt's Tahya Misr station receives 330 ships, 410K containers
The length of the station's quays is 2,300 meters, enabling it to handle 12-15 million tons of goods per annum and receive 6-7 ultra large ships.
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Egyptian exports to U.S. grow by 34.5% in Q1 of 2024
Garments topped the list with $168.9 million achieving a 9.2-percent growth. Yet, the growth occurred the most in the exports of fruits and vegetables
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Egyptian trade with G7 countries shrunk by 17% last year
Egyptian exports to the G7 countries saw a significant decline of 9.7% compared to the previous year, totaling about $8.6 billion in 2023.
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Trade exchange between Egypt, Arab states hit $26B in 2023
The top importers are Saudi Arabia with $2.7 billion; the UAE with $2.2 billion; Libya with $1.8 billion; Sudan with $984.4 million; and, Algeria.
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EGP 5 bln disbursed for 360 exporters
360 export companies have received their overdue receivables under the seventh phase of the Immediate Cash Payment initiative.
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Search CAPMAS: Egypt-Jordan trade exchange volume reached $864M in 2023
The value of Egyptian imports from Jordan reached $206 million in 2023, compared to $259 million in 2022.
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Egypt, EU probe private sector guarantees
Mashat and Koopman held a virtual meeting to follow up on the preparations for the investment conference between Egypt and the European Union in June.