Trade News
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Egypt welcomes Sudanese investments in Qena, Aswan
The size of Egyptian investments in Sudan is $1 billion, while that of Sudanese investments in Egypt is $240 million.
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Egypt, Switzerland forge stronger economic ties with Joint Economic Committee
The Joint Economic Committee is designed to bolster trade, attract investments, and identify new market opportunities.
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Al Futtaim Opens Two New Carrefour Stores in Aswan and the NAC
Over the next six months, proceeds from the Aswan store’s ‘Round Up Your Bill’ initiative will be donated to support the Magdi Yacoub Heart Foundation
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Brazil’s corn exports to Egypt up by 174%
In 2024 Egypt imported USD 3.3 billion worth of agribusiness goods from Brazil, an increase of 91.4% compared to 2023.
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Turkish company to open new investments in Egypt worth US$50 million
The Turkish ambassador said that this decision reflects the Turkish government’s will to increase cooperation with Egypt.
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Egyptian, Mozambican FMs discuss boosting bilateral relations
The meeting underlined the importance of enhancing cooperation in different fields, including the trade and investment ones.
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Egypt’s Customs Clearance Exceeds $79 Billion Amid Ongoing Reforms
Between January 1, 2024, and January 8, 2025, the total value of goods cleared through customs surpassed $79 billion.
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7 facts about the Egypt-Greece-Cyprus business council
The Egypt-Greece-Cyprus Business Council represents a bold step toward regional integration and economic growth.
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Volume of trade exchange bet. Egypt, Cyprus record $217M in 2024
Trade between Egypt and Cyprus reached a total of $217 million during the first 11 months of 2024, more than doubling the $108 million recorded 2023.
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El-Sisi, Greek Prime Minister discuss strengthening bilateral ties
The discussions centered on enhancing economic cooperation, with a focus on strengthening ties within the East Mediterranean Gas Forum.
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Egypt exports hit record $40 bln in 2024
Minister of Investment and External Trade Hassan ElKhatib announced Monday that Egyptian exports reached an all-time high of $40 billion in 2024.
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Egypt to limit car imports to 1 per importer over next 5 years starting Friday
The investment ministry noted that importers must provide a bank statement to confirm their financial capacity to make such purchases.
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Egypt's Garment Exports Rise 17% to USD 2.27 Billion in 2024
The US continued to be the biggest importer, with Egyptian exports increasing 14% to USD 971 million.
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Uzbekistan investment minister urges creating digital platform to boost business ties with Egypt
Only 24 Uzbek companies currently operate in Egypt, primarily in the tourism, telecommunications, IT, and agriculture sectors.
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Egypt Approves New Mechanism to Settle Exporters’ Dues
December saw updates to the export program, introducing revised percentages of foreign currency proceeds exporters are required to surrender.
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Egypt's trade with Nile Basin countries grows to $3B in 2023
Egypt’s exports to Nile Basin countries reached $1.73 billion in 2023, marking a 2.1% increase from $1.70 billion in 2022.
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Egypt to Streamline Customs Clearance with Bahrain, UAE Agreements
El-Kilany revealed that similar agreements with other nations are also in progress, beginning with Bahrain and then the UAE.
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Iran-Egypt trade surges 67% in 8 months amid growing economic ties
According to Latifi, 35,883 tons of goods worth $17.18 million were exchanged between the two countries during this period.
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Madbouly pushes for balanced trade deals with Africa to boost exports
The Central Bank of Egypt (CBE) is preparing a plan to promote fair trade exchanges with African nations.
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Majid Al Futtaim opens first Supeco store in Fayoum
The new store opening reflects the company’s ambitious growth plans, providing accessibility and convenience to communities across the country.