Trade News
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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.
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Egypt’s annual polyester imports amounts to $800M: PM
Madbouly inspected the artificial silk and polyester factory in Kafr El Dawar, and is currently heading to the Alexandria port.
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Egypt begins immediate release of food commodities and medicines
At the same time, the government decision to exempt about 12 goods from duties for a period of six months expires on April 10.
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Gold Prices Increase, 21-Karat at EGP 2900 Amid Rise in Global Stock Market and US Dollar Parallel
The 24-karat gold reached EGP 3314, 18-karat registered EGP 2486, 14-karat gold sold at EGP 1934, and the gold pound hit EGP 23200.
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JT Group opens new office in Cairo
JT Group has opened a new Japan Tobacco International (JTI) office in Cairo and held a series of important meetings with strategic stakeholders.
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Last week to enjoy Amazon.eg's Ramadan sales
Beyond the discounts of up to 50% across 30 product categories, Amazon.eg seeks to elevate the Ramadan journey for its customers.
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Egypt-EIB cooperation portfolio values $3.6 billion in 18 development projects
The EIB provides financial and non-financial services in more than 160 countries around the world.
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AWIU devises list for trade exchange in local currencies with BRICS
Yassa explained that this list includes furniture, textiles, ready-made clothing, and disinfectants – especially those designated for hospitals.
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Egypt hosts inaugural BRICS meeting on global grain trade, anti-competitive practices
This is the first competition related meeting hosted by Egypt after its official joining of the BRICS group earlier this year.
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Suez Canal revenues decline up to 50% due to Red Sea tensions
The number of ships that crossed the canal decreased to 1,362 ships in January, compared to 2,155 ships in the same month last year.
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Egypt's Trade Deficit Drops by 68%
The report included the largest receiving markets for Egyptian exports during the month of January, which included Turkey and KSA.
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Egypt to boost economic cooperation with Germany's Bavaria
This encounter took place during Shoukry's participation in the 60th Munich Security Conference 2024.
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Egypt plans for $100B in annual exports with new industrial strategy
Samir announced in an interview with Asharq Bloomberg that the strategy will be finalized by the end of February.
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Eastern Company explains reasons behind tobacco price increase in Egypt
He noted that 95 percent of cigarette components are imported and that the price of cigarette filters has increased by about 400 percent.
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Egypt, Brazil strengthen ties with signing of agreements and centennial celebration
They signed MOUs for cooperation in the fields of science, technology, and innovation.
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A new chapter in Egyptian-Turkish trade relations
At the heart of this newfound cooperation lies the signing of a joint declaration to restructure the high-level Strategic Cooperation Council meetings
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Egypt-Turkey relations: Extended economic partnership, tremendous investment opportunities
Turkey is the first market for Egyptian exports, and that economic relations between the two countries have witnessed great activity recently.
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Advisor to Minister of Supply: Cabinet Is Considering Proposal to Establish Free Zone for Gold
Faraj has suggested that all duties on imports of gold and precious metals be canceled for Egyptians returning from abroad.
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Egypt, Slovenia discuss opportunities for economic cooperation
The talks took place within the framework of the the second round of the Joint Ministerial Committee for Economic Cooperation between the 2 countries.
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Philip Morris Egypt announces increase in foreign cigarette prices
This applies to all of the heated tobacco products, HEETS and TEREA, and traditional cigarettes for the Merit, Marlboro, and L&M brands.