Trade News
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Egypt's exports to Africa drop by 5% in Q1 of 2023, imports rise by 3%
As for imports, they increased to $1.656 billion up from $1.6 billion with the top exporter being Kenya with $83.2 million.
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Indian companies invest $170mln into Egypt in 6 months
Several Indian companies are pumping investments into the domains of green hydrogen and electric vehicles, Madbouly said.
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Egypt launches new phase of export support initiative with EGP 8.7 bln
The Exports Development Fund (EDF) announced on Saturday the launching of the sixth phase of its cash repayment initiative to support Egyptians export
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Egypt-India trade exchange soars 13.7% in 2022 to $6 bln: CAPMAS
The trade exchange between Egypt and India reached $6 billion in 2022, compared to $5.3 billion in 2021, reflecting a 13.7 percent increase.
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Egypt, Saudi Arabia discuss cooperation in boosting exports
The two parties agreed to form a joint action group to remove any obstacles facing Saudi or Egyptian companies in the two countries’ markets.
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Egyptian Chamber of Commerce in Alexandria receives global recognition as 'Best Chamber for 2023'
The announcement came at the conclusion of the 13th World Congress of Chambers, held in Geneva, Switzerland.
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Top 10 car dealers in Egypt
Egypt has a diverse and growing automotive market, with many local and international car dealers operating in the country.
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Egypt president in Paris to attend Summit for Global Financing Pact
Egypt’s President Abdel-Fattah El-Sisi arrived in Paris, France, on Wednesday to attend the Summit for a New Global Financing Pact.
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Egypt Avoids Double Taxation on Air Transport Profits with Brazil
The decision came with the aim of enhancing cooperation in the field of air transport, developing investments and trade exchange.
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Government Aims to Increase Investments to EGP 1.65 Trillion in 2023/24 Development Plan
The volume of targeted investments came within the framework of the state's endeavor to engage the private sector in accelerating economic growth.
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Egypt’s Minister of Supply and Internal Trade lays foundation stone for logistics zones project
The $194mln project is located in Kafr El-Sheikh Governorate.
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Egypt's trade deficit halved in March as wheat imports drop 42%
Egypt's trade deficit dropped by 49.6 percent in March compared to the same month last year, as wheat imports plunged by 41.9 percent.
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Egypt has released more than $30 bln goods from ports in 5 months: Finance minister
In May, Egypt released $7.3 billion worth of goods from ports, including goods valued at $ 5.3 billion that arrived during the month.
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Tahya Misr Terminal: Steps transforming Egypt into int’l trade hub
During the inauguration of Tahya Misr Terminal in Alexandria, Maeit said that to transform Egypt into an international trade hub.
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UAE leader probes trilateral cooperation in Russian Industrial Zone in Egypt’s SCZone
In 2021 an agreement was made to further expand the zone over an area of five million square metres.
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Russia, Egypt to conduct transactions in national currencies: Russian official
Aksakov added that the percentage of the dollar in international currency trading had shrunk in two years from 70 percent to 60 percent.
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India explores barter trade with economically distressed Egypt during credit line negotiations
an agreement is expected to be unveiled later this month during Indian Prime Minister Narendra Modi's inaugural visit to Egypt.
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Russia, Egypt talk establishing ‘Sun City’ industrial zone over 2,000 hectares worth US$4.6 bn
The UAE President Sheikh Mohammed bin Zayed proposed tripartite cooperation between Russia, Egypt and the UAE.
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BEBA’s trade mission in UK to promote Egypt’s investment opportunities
Mission includes Egyptian Petroleum Minister, Finance Minister, GAFI CEO, CBE Deputy Governor, along high-level investment delegation
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Egypt, Iraq sign 11 MoUs, discuss reconstruction projects
The two prime ministers attended the signing of 11 MoUs in the fields of funding and providing technical support to SMEs.