Trade News
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Trump imposes new trade tariffs on Egypt
A sweeping shift in U.S. trade priorities puts Arab allies in the crossfire, raising questions about long-term economic impact and diplomatic fallout.
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Egypt’s wheat imports forecast at 13 million tonnes
The largest suppliers to Egypt during the past five marketing years were Russia (34.6 million tonnes), Ukraine (10.4 million) and EU-27 (9.64 million)
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Egypt’s membership of BRICS backs cultural mechanisms
Speaking to Egyptian Channel 1, she highlighted Russia’s initiative to propagate and share culture of member states.
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Egypt Nears Deal for up to 100 South Korean FA-50 Light Attack Aircraft
An Egyptian diplomatic official confirmed that Cairo is in advanced talks with South Korea for the purchase of up to 100 FA-50 light attack aircraft.
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Egypt Announces Launching of New Export Subsidy Program in January 2025
Egypt announces a new export subsidy program starting in January 2025, aiming to boost exports in key sectors like textiles and industrial crops.
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How the Belt and Road Initiative is Transforming Egypt
The Belt and Road Initiative is driving significant infrastructure and economic development in Egypt and the Suez Canal Economic Zone.
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Transport Ministry calls on businessmen to invest in logistics
Egypt's Transport Ministry urges businessmen to invest in logistics, highlighting growth in dry ports and logistics zones to enhance trade efficiency.
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Egypt’s deficit stretched by high imports and regional tension
Key factors for the massive deficit include a surge in imports and lower Suez Canal revenues due to regional tensions.
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Egypt approves establishing metro parts free zone in Borg Al Arab
It will consist of two factories on a 40-feddan site, with one focused on producing spare parts for Metro Line 6 and the other on cable manufacturing.
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Egypt, India reaffirm $12bn trade target during ministerial meeting
Minister of Investment and Foreign Trade Hassan El-Khatib emphasized Egypt’s commitment to attracting more Indian investments.
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Indian group to build cold storage facilities to boost Egypt exports
El-Khatib emphasized Egypt's commitment to attracting Indian investments by fostering a business-friendly environment.
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Egypt Introduces Fees on Producers to Reduce Single-Use Plastic Bags
A fee of 37.5 Egyptian pounds per kilogram of bags sold in the local market will be imposed starting June 3rd, 2025.
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The Egyptian Competition Authority issues its largest price fixing cartel decision and expands the scope of commercially
The Egyptian Competition Authority issues its largest price-fixing cartel decision, targeting 162 broiler chick producers.
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Suez Canal Authority, MSC discuss Red Sea stability, return to normal transit
The Suez Canal Authority and MSC Group discuss strategies to stabilize the Red Sea region and resume normal transit, addressing security concerns and
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Egypt to establish seven logistics corridors by 2030
Egypt plans to establish seven logistics corridors by 2030, aiming to enhance trade efficiency by connecting key production areas to major ports.
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MSMEDA issues 130,000 licences for small enterprises over past decade
As part of these efforts, MSMEDA has deployed 37 business regularization committees this month through its offices in various governorates.
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Egypt, UK trade reaches £4.7 Billion as Egypt strengthens economic growth
BII’s investment portfolio in Egypt amounts to approximately £547 million, spread across 64 companies.
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Nigerian Army looking to buy Egyptian armoured vehicles
Notably, the Buffalo armoured personnel carrier has already been delivered to Burkina Faso, proving its reliability in real-world conditions.
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Talabat fully acquires Instashop from parent company Delivery Hero for USD 32 mn
Talabat fully acquires Instashop from Delivery Hero for USD 32M, with Instashop continuing as an independent brand.
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Egypt's new grain buyer, run by the military, is pushing local prices up, traders claim
Egypt’s military-run grain buyer expands its influence in the local market, aiming to ensure stable food supplies amid global challenges.