Trade News
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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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Egypt’s trade exchange with African countries records $2.117bn in 1Q 2023
The minister said that Egyptian commodity exports to the African continent amounted to $1.611bn.
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Egypt approves sixth phase of cash repayment to subsidise exporters
The Egyptian Cabinet approved the sixth phase of the cash repayment initiative to support exporters with a value of EGP 10 billion.
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Egypt, Austria sign letter of intent to enhance economic cooperation
Madbouli and Nehammer also chaired a roundtable for the Egyptian and Austrian business communities.
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Egypt's planning minister, OECD secretary-general discuss cooperation
The minister presented progress on the country program’s five pillars that are inclusive and sustainable economic growth.
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Egyptian discount retailer Kazyon attracts $165 mln investment from Int'l consortium
The Cairo-based Kazyon, founded in 2014, is a giant discount retailer selling basic food commodities at affordable prices.
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Trade exchange bet. Egypt, African markets hits $2.117B in Q1 of 2023
Egyptian exports to the continent amounted to $1.611 billion, and Egyptian imports from the continent amounted to $506 million.
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GAFI calls for general assembly meeting of Pepsi Egypt in May
The first company carries out manufacturing operations, while the second company specializes in distribution operations.
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Projekt: Supply of Automotives under two contracts
Cairo: Supply of 10 double cabin pickup trucks and 4 forklifts with a capacity of 7 tons under two contracts
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Egypt releases $23 bln worth of imported goods since January
Egypt has released $23 billion worth of imported goods, merchandise and products from the country’s ports and customs since January.
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Egypt-Germany trade exchange rises to €5.5bn in 2022 – Min.
The Egyptian most important imports included machinery, electrical devices, chemicals and medical equipment.
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Egypt, Austria to hold business forum in April, bilateral trade up by 23%
The volume of trade exchange between the two countries increased 23% to reach $339.5 million last year compared to about $275.7 million in 2021.
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Egypt-Austria Trade Exchange Surge 23%
This came during the minister's meeting on Wednesday with Georg Stilfried, Ambassador of Austria in Cairo.
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PM asserts Egypt’s keenness on boosting bilateral ties with Italy
Prime Minister Moustafa Madbouly asserted Egypt’s keenness on enhancing bilateral ties with Italy in the different domains.
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Egypt-Spain relations witness remarkable development in recent years
There are clear complementarities between our two countries, and the trade exchange figures over the past two years are showing a clear uptick".
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Chinese amb. expresses his country's trust in Egypt's ability to overcome current challenges
Egypt's macroeconomic indicators improved as the economic growth rate reached 6.6 percent during the fiscal year 2021/2022.
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Egypt Releases Goods worth $15 Billion in Q1
Last January, Egyptian Prime Minister Mostafa Madbouly announced that the crisis of accumulation of goods in the ports had ended.
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New calculations and mutual interests: What Egypt wants from Turkiye
After a nearly nine-year rift, the pace of rapprochement between Egypt and Turkiye is accelerating.
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Presidential decree to restructure supreme council for exports
President Adbel Fattah El Sisi issued a decree No.142 of 2023 to restructure and regulate the Supreme Council for Exports.
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Egypt-UAE trade rises 6.5% in 2022
A year prior, remittances from Egyptian expatriates working in the UAE increased to $3.5 billion in FY2020/2021, compared to $3.4 billion in FY2019/20