Trade News
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Egypt’s GDP grew to over 410 bln USD
GDP in the fiscal year from July 1, 2021 to June 30, 2022 increased more than three times from the fiscal year 2013-2014.
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Egypt's trade minister urges more inter-Arab cooperation
Ahmed Samir has urged for further cooperation and coordination in all fields of joint Arab action to confront global economic and social challenges.
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Egypt facilitates import procedures
The decisions included allowing shipping agencies to transport imported goods from ports to warehouses and dry ports outside customs ports.
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Recent finance minister’s decisions to temporarily return goods to market
The facilities announced were for goods currently stored in Egyptian ports
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UK's Johnson discusses trade with Egypt's Sisi
Leaders welcome close relationship on security and defence, and discuss more ways to build co-operation.
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Egypt's agricultural exports reach 4.4 mln tons
Egypt’s agricultural exports reached 4.4 million tons from January till 24 August 2022, Minister of Agriculture El-Sayed El-Quseir announced.
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Trade between Iraq and Egypt increases 14.1% in Q1 2022
Egypt’s exports to Iraq reached $141.8 million in Q1 of 2022, up from $124.1 million at the same time in 2021.
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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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Egypt, Bahrain trade exchange hits $917mln in 2021
This represents a rise of 128.70% when compared to 2020.
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Hutchison Ports bags $700 million container terminal deal in Egypt
Hutchison has inked two concession agreements with the Egyptian Government to operate the container terminals in Ain Sokhna and El Dekheila ports.
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Egypt’s trade balance deficit decreases by 35.8% in May
Exports rose by 18.3 percent to record $4.01 billion in May 2022, up from $3.39 billion in May of last year.
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Saudi PIF sets up unit to invest in Egypt
SEIC will invest in priority sectors including but not limited to, infrastructure, real estate development, health care and financial services.
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Egypt, Djibouti discuss developing trade exchange, joint investments
Djibouti represents strategic depth for Egypt in Red Sea region, says Djibouti Trade Minister.
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Switzerland offers $1.8 bln for Aswan water project
Swiss Ambassador in Cairo Yvonne Baumann announced that the Swiss Agency for Development and Cooperation (SDC) would offer a grant worth USD 1.8bln.
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Egypt-Germany trade exchange increases to $4.8bn in 2021
The agency indicated that the volume of Egyptian exports to Germany increased to $848.2m in 2021, compared to $646.1m in 2020 — an increase of 31.3%.
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Egypt, GCC trade in 2021 estimated at $16.1bn
The value of remittances from Egyptians working in the GCC countries increased to $20.9bn in FY2020/21.
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Bangladesh and Egypt to derive mutual trade benefits
BGMEA President Faruque Hassan said Bangladesh and Egypt have substantial scope to further engage in trade and investment and derive mutual benefits
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Egypt eyes investment in basic sectors in South Sudan
These are animal and fish production, food processing, mining, and pharmaceuticals.
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Cost of imported wheat and oil burdens state’s budget
The prices of imported wheat and oil have hiked, which poses a burden on the state’s finances and budget, Minister of Finance Mohamed Maait said.
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Egypt launches Gosoor e-catalogue for exportable products
The catalogue aims to promote the presence of Egyptian products abroad, especially in African countries.