Trade News
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Egypt’s GASC announces wheat tender
GASC said the tender was to supply 30,000, 40,000, 50,000, 55,000 or 60,000 tonnes, plus or minus 5% at the sellers’ discretion.
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Trade Ministry acting to secure commodities in markets ahead of Ramadan
He touched upon facilities by the government and the Central Bank of Egypt (CBE) to release big quantities of commodities and production supplies.
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Egypt’s supply ministry denies increasing prices of commodities in January
The top official noted that Egypt has a sufficient strategic reserve of commodities, denying any shortage in commodities across the country.
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Government released goods worth $5B from harbors in 23 days
He noted that by the holy month of Ramadan, a cost of $4 billion of merchandise will be released,.
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Egyptian gov't to provide weekly updates on import backlogs
Egypt seeks to resolve the $9.5 billion import backlog soon to keep the economic wheel turning and keep production running.
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Egypt to sell trains tickets to foreigners in Dollar, Euro
There are 1023 travelers, who paid the value of train tickets in foreign currency during the past days.
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Saudi Arabia 2nd largest investor in Egypt with $6.1 bln
Saudi Arabia is the second largest investor in Egypt, investing $6.1 billion till now in 6,017 projects in industry, construction, tourism and more.
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Egypt announces arrangements for successive release of goods in ports
This came during a meeting held by Madbouly to follow up the markets and preparations for the holy month of Ramadan.
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Trade min. holds talks with senior Saudi officials
The talks tackled means of benefiting from the great economic potentials of Egypt and Saudi Arabia.
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Madbouly directs government to reduce time required for goods release at ports
This step aims at meeting the increasing demand for strategic commodities and securing them ahead of Ramadan.
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Egypt, Equatorial Guinea discuss joint projects
The two sides probed the current preparations for Malabo’s hosting of the GECF’s ministerial meetings next year, the statement added.
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Gold prices increase, 21-karat hits EGP 1760
He added that 24-karat reached EGP 2012, 18-karat recorded EGP 1509, 14-karat was sold at EGP 1174, and the pound of gold was estimated at EGP 14080.
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Egyptian food companies target Saudi market
This week, a trade mission with 43 companies from Egypt took place in Saudi Arabia. The Saudi market accounts for 7.5% of Egypt’s food exports.
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Egypt's sales of gold, silver in 8 years worth $5.3B
The Australian company Centamin, which is operating the Sukari gold mine in Egypt, said that there has been an increase in the mine reserves.
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Egypt's non-oil exports hit $30.4 billion within 10 months
The report also explained that exports of printing, packaging, paper, books, and technical works increased to reach $909 million.
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Macron praises Qatar for World Cup and Egypt for COP27
The next COP will be held in the United Arab Emirates, which shows how much the region is becoming a diplomatic epicentre.
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Egypt's exports of gold, jewelry, precious stones increase by 47%
It reached $1.326 billion, compared to $901 million during the same period of 2021.
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Egypt's Suez Canal registers record revenue of $7.9 billion in 2022
Egypt's Suez Canal registered a record-breaking revenue of $7.9 billion in 2022, authorities said.
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Egyptian-Lebanese trade grows 33% YoY in 2021
Egyptian exports to Lebanon grew by 18% to $329 million in 2021 from $280 million in 2020.
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Egypt succeeds in decreasing trade balance deficit
Also, there was a leap in the Egyptian exports with a percent of 26.6 during the first nine months of 2022 recording $38.7 billion.