Trade News
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Egypt awards British Steel contract to supply tracks for high-speed railway project
There are high hopes that "The Green Line" will revolutionise a decaying transport system in the Arab World's most populous country.
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Egypt aims to procure 3.5 million tonnes of local wheat in 2024
Egypt imported about 12 million metric tonnes of wheat every year from 2017 to 2021: a 2022 report by the United States Department of Agriculture.
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Exploring Egypt's export burden rebate program: 5 key insights
With over 1,100 companies embracing this initiative, we explore the key insights driving Egypt's export revolution.
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Egypt’s non-oil trade deficit decreases 10.6 percent, exports rise 1.2 percent
The report also noted an increase in the value of Egypt’s non-oil exports by about 1.2 percent in Q4 of 2023.
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Egypt To Benefit From More Intra-Africa Trade
With implementation of a new trade deal taking hold, two new reports see a leadership role for Egypt.
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Egyptian PM aims to bring down prices of essential goods by 15-20 percent
Egyptian Prime Minister (PM) Mostafa Madbouly launched a new measure aimed at tackling the escalating inflation and alleviating the burden on citizens
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Egypt issues warning over scams involving expat car import initiative
The Ministry explained that some scammers are claiming to accelerate obtaining approvals, transfer of deposit, the pace of procedures...etc.
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Full financing by Egyptian Banks clears accumulated goods at Egypt's Ports
This has resulted in the prompt release of goods, particularly food commodities, medicines, feed, and production necessities.
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Spinneys continues to expand across Egypt with new opening in October City
Spinneys opened its first branch in Egypt in 2006 and has since made significant strides to increase its presence locally.
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Egypt's new budget to boost exports by LE 23B: Finance Minister
The agreement with the International Monetary Fund (IMF) is expected to bring in foreign exchange inflows surpassing $20 billion.
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Egypt, EU trade volume declines by 19% in 2023
Among EU countries, Italy emerged as the leading importer of Egyptian goods, with imports worth $3.1 billion.
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Egyptian Customs Releases 25,000 Cars In Zero-Customs Import Program
This program puts Egypt on the road towards securing a greater amount of foreign currency.
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Egypt’s tax-free car import initiative generates $685M in revenues
Ghatoury further informed that payment orders had reached $1.6 billion by the end of the previous week, with a total of 464,000 beneficiaries.
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CAPMAS: Egypt-EU Trade Exchange Records $31.2 Billion
The value of trade exchange between Egypt and European Union countries recorded $31.2 billion during the year 2023.
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Egypt Reduces Import Expenditures by 13.5%
Petroleum products topped the list of the top ten goods imported by Egypt in 2023, with imports valued at USD 7.4 billion.
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PM Madbouly discusses boosting Egyptian exports with trade minister
Samir said the strategy aims to increase industrial output by 20 percent annually and provide 7 to 8 million jobs.
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5 ways AI is changing digital marketing
Expected productivity gains from AI are currently fuelling soaring share prices. Here are a few examples from marketing.
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Egypt Achieved Gains from the Deal to Sell a Stake in Eastern Company
During the state's repeated offering of its shares, no tobacco company came forward to buy a stake, except for an Emirati company.
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Egypt’s merchandise exports grew by 6% in 2024
Turkey topped the list with imports valued at $551 million, followed by the Kingdom of Saudi Arabia at $511 million.
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Egyptian Customs authorizes release of $780M commodities
The goods were distributed as follows: $280 million on Thursday and $500 million on Friday.