Trade News
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10 things you need to know about the closure of retail brands in Egypt
This move comes as a response to the prevailing economic challenges, including the devaluation of the Egyptian Pound.
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Top 10 retailers in Egypt
Egypt's retail market, set to grow from $200B in 2020 to $254B in 2025, thrives on apparel, food, and digital platforms, inviting foreign investors.
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10 Key facts about the MOU between Egypt and China
Egypt is the first country to sign a debt swap agreement for development with the China International Development Cooperation Agency.
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Egypt and India expand trade relations
India is the fourth largest trade partner of Egypt. Bilateral trade rose by 13.7% to $6 billion in 2022. India championed Egypt's BRICS inclusion.
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Ministry of trade & industry launches 80 investment opportunities to boost national industry
The objective is to increase value-addition, reduce the trade balance deficit, and create job opportunities.
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Eid celebrations in Egypt affected by economic challenges
Eid El-Adha holiday and its traditions in Egypt are being overshadowed by economic difficulties faced by many Egyptians.
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The significance of Indian PM Modi’s visit to Egypt
The visit also marked the invitation extended by PM Modi for Egypt's participation in the upcoming G20 meetings in New Delhi.
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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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Imports are now easier in Egypt - Here is how
Egypt has taken several steps over the last few weeks to make imports easier. These include duty reduction and the exemption for gold imports.
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Top 30 multinational companies in Egypt
Egypt is an attractive destination for multinational companies to invest. Who are they? And why do they choose Egypt? This article explains it all.
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Who Are the Top 500 Companies in Egypt in 2023?
We are pleased to announce the release of the second edition of our report on "Egypt's Top 500 Companies." Download your copy now.
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Why is Egypt considering alternatives to the Dollar in trading commodities?
The idea is to import goods from these countries and pay in their local currency, rather than using dollars for the trade.
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What Egyptian Entrepreneurs can learn from France, USA, and Russia
For many young Egyptians, starting their own business is a promising option to beat high unemployment rates. We describe which skills are important.
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Amazon.eg Ramadan sales to last till 21 march
Amazon.eg customers will have access to Ramadan deals across every product category, with additional instant bank discounts and 0% installment plans.
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German managers are cautious about investing in India
German industry sympathises more with Egypt than India. Only every third company wants to invest in India. Customs and bureaucracy slow down imports.
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Economic growth reaches 6.6 percent in FY21/22
Inflation is at 15% affected by international events, while unemployment in Egypt at the end of the last fiscal year stood at 7.2%.
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NBE to open a subsidiary in South Sudan
The move is part of NBE’s strategy to establish itself internationally and strengthen its operations outside of Egypt.
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3 ways the Russia-Ukraine conflict can affect Egypt economy
Russia and Ukraine are the major suppliers of wheat and tourism to Egypt, But Egypt might have an opportunity to enter the European oil and gas market
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Suez Canal records highest revenue ever
In 2021, the Suez Canal recorded revenues of $6.3 billion, this represents an increase of 12.8% compared to 2020.
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Towards Stronger UK-Egypt relations
Newly appointed UK Ambassador expresses Britain’s readiness to encourage investments in Egypt, especially after Brexit.