Trade News
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Trade exchange between Egypt, BRICS countries increases to $31.2bn in 2022
The agency said that the value of Egyptian exports to the BRICS countries increased to $4.9bn in 2022, compared to $4.6bn in 2021.
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Egypt to establish logistic area on its border with Libya to improve bilateral trade
The news was revealed by Egyptian President Abdel-Fattah Sisi during a tour he conducted Wednesday of the north-western Marsa Matrouh Governorate.
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Egypt discusses investment opportunities with Tarastan
The visit comes as part of the minister’s plan to enhance cooperation and industrial integration with major republics of Russia and the Eurasian Uni
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Suez Canal Chairman, S. Korean Amb. Discussing Joint Cooperation
Rabie expressed his aspiration to complete constructive cooperation between the authority and South Korean institutions and companies.
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Egyptians smoke 100bn cigarettes annually
Aman said that demand for cigarettes increases each June as there is a widespread belief that there will be a tax increase in the new fiscal year.
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Egypt to disburse EGP 4 bln to 744 exporters under support initiative
The Egyptian government is set to disburse EGP 4 billion ($129.4 million) to support 744 export companies on Wednesday and Thursday.
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Egypt, Jordan, Iraq FMs discuss stronger economic ties at Cairo meeting
The tripartite mechanism is an important platform as part of joint efforts to strengthen economic cooperation between the three countries.
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Government moves to solve Egypt’s cigarettes crisis
A reference was made to increasing the supply orders for raw materials, which contributes to increasing the volume of daily production.
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Egypt offers new lands to narrow $30 bln trade gap
Egypt's Industrial Development Authority (IDA) is set to offer for sale 1.7 million square metres of lands to investors.
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Egypt's largest tobacco producer to pump an extra 50 million cigarettes daily to face shortage
According to numbers released by Eastern Company, Egyptians spent EGP 17 billion on cigarettes during the 2021-2022 fiscal year.
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Egypt issues second tranche of export subsidies in ongoing phase, Trade Minister
A diverse range of 1,193 companies across various export sectors submitted applications for the second tranche of the initiative.
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Trade exchange bet. Egypt, Palestine hits $200M in 5 months
Egyptian exports to Palestine increased to $200 million during the first 5 months of 2023, compared to $177.9 million during the same period in 2022.
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Egypt adds 225 square kilometers to Ismailiyah Free Zone
Hossam Heiba visited earlier this week the in-progress expansion works of the Ismailiyah Free Zone as utilities are being introduced in 50 feddans.
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Egypt’s non-oil exports fall 17% YoY in H1
This decrease is attributed to the lack of the raw materials and production components needed for production.
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Egypt's trade deficit increases by 4.3% in May amidst export challenges
The CAPMAS noted that exports decreased by 20.9 percent during May, recording $3.38 billion, compared to $4.28 billion for the same month in 2022.
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Egyptian-Greek trade up 5% YoY in 2022
Egyptian exports to Greece saw a 5.3% YoY increase last year, valuing at $1.7 billion, versus $1.6 billion.
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Egypt introduces new custom facilities to boost exports
Egypt’s Ministry of Finance announced in a statement on Monday new facilities for customs declarations and transits.
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Trade exchange bet. Egypt, Jordan reaches $980.4M in 2022
The CAPMAS noted that Egypt’s exports to Jordan rose 24 percent during 2022, reaching $726.5 million during 2022, compared to $711.1 million in 2021.
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Egypt's Eastern Company likely to increase tobacco prices by 17% annually over 5 years
Egypt's largest tobacco producer Eastern Company is expected to raise prices by 16.9 percent annually through FY2027/2028.
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Egypt, Turkey propose signing industrial cooperation MoU
The MoU should include exchanging technical expertise and providing technical training, pre-university and university education.