Trade News
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MENA’s growth to decelerate to 3.5% in 2023 amid the global economic crisis
The report ascribed that to the high inflation that erodes real wages and weighs on domestic consumption.
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Egypt, Somalia sign MOUs on higher education, cultural cooperation, media in Cairo
The MoU aims to boost cooperation between Egyptian and Somali higher education institutions and universities and to exchange educational delegations.
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Don't believe 'nonsense' about economy, says Egypt's El Sisi
President's comments come the same day as an austerity package designed to address the foreign currency crunch.
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Egypt Suez Canal chief says revenues for 2023 expected at $8.7 bln
Egypt's Suez Canal is expected to generate $8.7 billion in revenues during 2023.
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4 bulkers to bring Ukrainian foods to Egypt, UK, Turkey, Sri Lanka
MV Leo I will deliver 49,500 tonnes of wheat to Sri Lanka, while MV True Harmony will bring 25,900 tonnes of corn to Egypt.
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Traffic in Suez Canal normal after ship breakdown dealt with, SCA says
The breakdown was expected to cause only minor delays, with convoys of ships resuming regular transit by 11:00 local time (09:00 GMT).
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Syndicate: amateur fishing fees increase to EGP 217
The Secretary General of the Fishermen’s Syndicate stated that fishing will not be allowed for those who do not have a fishing permit.
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Egypt’s GASC seeks wheat in World Bank-funded tender
The deadline for offers is Jan. 10, GASC said.
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Azimut Egypt aims to launch gold investment fund next February
The fund is awaiting final approvals from the Financial Regulatory Authority to launch it in the coming days.
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Saudi Arabia announces contractual exceptions for companies without HQ in Kingdom
The decision, was issued in 2021, and will enter into force in 2024, restricts any contracts with bodies, institutions, and funds affiliated with gov.
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Egypt’s agricultural exports hit 6.5 mln tons for 1st time ever
The country’s top agricultural exports were citruses, potatoes, fresh onions, grapes, fresh tomatoes, sweet potatoes, strawberries, guava.
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Egypt's exports of medical, cosmetics grew by 45% in 2022
The African market is promising for the sector's products during 2023, but some obstacles must be dealt with.
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Egypt's GASC starts year with fresh wheat tender for Feb shipment
GASC announced fresh tender set to close on January 10 looking for optional origin milling wheat for February 10-25 shipment.
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India and Arab Republic of Egypt: opportunities for mutually beneficial cooperation
India has invited President El Sisi of Egypt, as a Chief Guest for the Republic Day celebrations on January 26, 2023.
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Egypt’s digital exports hit $4.9bln in 2022
The statement added that the sector’s contribution to the gross domestic product (GDP) had reached 5%.
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SCZone looks forward to more cooperation with China in coming period
SCZOne is enjoying a distinguished strategic location, which in turn contributes to the importance of its presence within the Belt and Road initiative
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Egyptian-Chinese rich developmental model creates numerous cooperation opportunities
Planning and Economic Development Minister Hala el Saeed hailed on Thursday 5/1/2023 the Egyptian-Chinese.
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Garlic volumes to drop by 50% in Egypt
The garlic season in Egypt will face a volume decline of up to 50%. According to Mr. Anthony Mina, CEO of E2M.
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Supply Minister: Egypt Imports more than 60% of Food Needs
The Minister of Supply revealed efforts to control the markets through the Consumer Protection Agency and the Supply Investigations.
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Egypt acquires 12 Chinook helos from Boeing
With this sale, Egypt will replace its CH-47D aircraft fleet with the modern F model, and benefit from its advanced multi-mission capabilities.