Trade News
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Egypt-China trade exchange hits $15.7bln in 2023
In a meeting headed by Prime Minister Mostafa Madbouly, El-Minshawi stated that more than 2,600 Chinese companies have invested $8 billion in Egypt.
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Egypt, Iraq Discuss Cooperation in Drug Export, Registration
Abdel Ghaffar lauded deeply-rooted relations binding Egypt with Iraq and their continued coordination in all domains.
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ECA announces implementation of ex-ante merger control system starting from June 2024
The authority has established fast and transparent review processes for notified economic concentration.
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Philip Morris International acquires 14.7% in Egypt's Eastern Company
Eastern Company is Egypt’s largest cigarette manufacturer, with a portfolio that also includes cigars and pipe tobacco, among other products.
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Egyptian merchandise exports reach $13bn in first 4 months of 2024
Egyptian merchandise exports reached $12.91 billion during the first four months of 2024, reflecting an annual 10 percent increase.
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Egyptian Exports to Arab Nations Reach USD 13.6 Billion
Saudi Arabia emerged as the top importer of Egyptian goods, with imports totaling USD 2.7 billion.
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Global inflation raises Egypt’s import bill by $4 bln monthly
Egypt's import bill rose by $4 billion per month due to the rise in global prices, increased shipping costs, and exchange rate fluctuations.
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Korean Delegation to Meet with Egyptian Gov't, Chamber of Commerce for Economic Cooperation
The accompanying Korean delegation includes a group of Korean businessmen and CEOs of 19 companies operating in 11 fields.
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Egypt’s Customs Authority returns tariff on expatriate gold
The head of the Customs Authority Al-Shahat Ghatouri told Al-Masry Al-Youm We returned as it was before the exemption decision because it ended May 10
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Egypt, Armenia mull ways to cement bilateral coop.
Mehrabyan hailed good ties binding the two countries, voicing Armenia’s keenness to foster co-operation with Egypt.
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Egyptian-Turkish business relations in 2024: A new era of cooperation
After nearly a decade of strained relations, marked by political and ideological conflicts, both countries have made strides in rebuilding relations.
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Egypt, Greece to launch sea freight between ports of Alexandria, Volos
Egyptian Ambassador to Athens Omar Amer met with Greek Minister of Maritime Affairs Christos Stylianides to discuss cooperation on shipping.
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Egypt's industrial sector grows by 3.8% in FY 2022/2023: Trade Minister
Minister of Trade and Industry, Ahmed Samir said that the country's merchandise exports reached approximately $36 billion in 2023.
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Philip Morris Enters Egypt Market Following Disputed Tender
Under IMF pressure Egypt has loosened its hold on the tobacco industry, allowing private investors to make inroads.
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Egypt’s Princess Fawzia Farouk To Launch Jewellery Line
The collection featuring carefully crafted pieces by artisans is expected to be sold in the French Riviera and Monaco.
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Madbouly reviews proposed revisions to Economic Zones Law
Madbouly stressed on the necessity to update the law to reflect current global standards and to leverage Egypt’s economic capabilities.
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32nd session of Egyptian-Jordanian Joint Higher Committee kicks off in Cairo
The 32nd session of the Egyptian-Jordanian Joint Higher Committee kicked off in Cairo on Tuesday, the Ministry of International Cooperation announced.
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Egypt's exports of food products grow by 31% in Q1 of 2024
During the first 10 months of 2023, the total Egyptian agricultural exports reached $3.5 billion, compared to $2.8 billion in 2022.
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New corruption case in the Ministry of Supply and Internal Trade
The main defendant in the case gave instructions to disburse quantities of bran during this period, without a document.
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Egypt & Belarus Sign Memoranda to Boost Economic Cooperation
The annual trade exchange between Egypt and Belarus amounts to USD 95 million on average.