Latest in Trade Highlight
Latest in Trade
Egypt’s trade deficit narrows by 11% in 9M FY 2017/2018
Non-oil exports rose 12% in nine months of current FY, says planning minister
Egypt adopts three-point plan to develop exports: EDA chairperson
Egyptian exports should be directed to east, south, says El Kady
Egypt to participate in three major international trade fairs: EDA
FCCI will organise SMEs mission to France in October
3.5% increase in jetties capacity at Damietta Port in February
The capacityt of jetties at Damietta Port increased by 3.5% in February this year compared to February 2017, according to a report issued by the Damietta Port Authority (DPA). The capacity of jetties in Damietta Port increased from 199 ships in February 2017 to 206 ships in February 2018, according to the report. The volume …
$4.9bn in trade exchange between Egypt, UAE in 2017
The value of trade exchange between Egypt and the UAE in 2017 amounted to $4.9bn, versus $2.8bn in 2012. This came according to a report prepared by the department of trade policies and international organisations at the UAE’s Ministry of Economy, which was reported by the Emirates News Agency on Sunday. The report stated that …
14% increase in exports in February 2018
The deficit in Egypt’s trade balance reached $3.28bn in February 2018 compared to $3.32bn in the same month of the previous year, a decrease of 1.2%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS)’s monthly bulletin of foreign trade data for February 2018, issued on Tuesday. The value of exports increased by …
Commodity trade between Egypt, Saudi Arabia at EGP 3bn in 2017
The total volume of commodity trade between Egypt and Saudi Arabia during 2017 amounted to about EGP 3bn, according to Egyptian Minister of Trade and Industry Tarek Kabil. Kabil noted that Saudi Arabia was among the largest Arab countries investing in the Egyptian market in 2017 with a total of $6.3bn invested in 4,274 projects where …
Afreximbank provided $5bn in trade financing to Egyptian entities in last three years: president
Bank recently signed $500m financing package with Export Development Bank of Egypt to finance exports to Africa
10% increase in commodity trade value between Egypt, Greece
Egyptian commodity exports to Cypriot market last year increased by 81.5%, says minister
55% increase in trade exchange between Egypt, Russia in Q1 2018: Kabil
Egyptian-Russian economic committee meetings to be held in second half of May in Moscow, says Kabil
10 Egyptian companies look to invest in Poland, Slovakia
The Egyptian-Canadian Business Council will organise a trade mission to Poland and Slovakia next week to discuss further trade cooperation with the two countries. Moataz Raslan, chairperson of the council, said that the mission will include 10 companies operating in the oil and tourism sectors, as well as companies engaged in import and export, and …
$20bn trade exchange between Arab countries, Brazil last year
Brazilian-Arab Economic Forum discusses current investments, future opportunities between Arab, Brazilian enterprises
21% increase in Egyptian exports to EU market: Kabil
Egyptian commodity exports to European Union (EU) countries increased significantly during 2017, at a value of about €8.1bn, compared to €6.7bn in 2016, an increase of 21%, according to a Friday press statement from Minister of Trade and Industry Tarek Kabil. Furthermore, the large increase in Egyptian exports to these markets contributed to the growth …
Tax experts encourage corporations to e-file
Market awaits president’s signature on law adjustment, says Hossam Nasr
14.8% increase in traded goods at Damietta Port in January
42% growth in number of exported containers
28% increase in Egyptian exports to Belgium in 2017
Minister of Trade and Industry Tarek Kabil announced in a press statement on Tuesday that Egyptian exports to the Belgian market witnessed an increase of 28% in 2017 compared to 2016. He explained that Egyptian exports to the Belgian market grew in 2017 to record about €320m, up from €250m a year prior, bringing the …
Egyptian Customs Authority will contract 47 new examination devices
Discussions with minister of trade to fasten high radiated exports process, said head of the authority
Ministry of Trade delegation attends Arab-Brazil Economic Forum in Sao Paulo
Export Development Authority organises first trade mission to Brazil with 12 Egyptian companies participating
52.3% increase in Egyptian exports to Spain in 2017
Minister of Trade and Industry Tarek Kabil revealed, in a press statement on Tuesday, that Egyptian exports to the Spanish market increased by 52.3% in 2017, to reach €640.5m compared to €420.5m in 2016. Kabil added that the Egyptian imports from the Spanish market have declined, dropping from €1.38bn in 2016 to €1.26bn last year, …
36.4% increase of Egyptian exports to France in 2017
Minister of Trade and Industry Tarek Kabil announced an increase of Egyptian exports to the French market by 36.4% during 2017, reaching €572m in value compared to €420m in 2016, pointing out that the trade exchange between the two countries increased last year by 21.8% versus 2016. “The French market is one of the most …
Egypt to establish free zone in Nuweiba on 226 feddans
The Egyptian Cabinet approved at its weekly meeting, chaired by Sherif Ismail, the establishment of a free zone in Nuweiba in South Sinai governorate covering an area of 226 feddans, equivalent to 951,000 sqm. During the press conference, Governor of South Sinai Khalid Fouda said that the free zone will be established at a cost …
127% increase in Egyptian date exports within 2 months: Food Export Council
The Food Export Council announced, in a press statement on Monday, that Egyptian exports of dates during January and February were estimated at a value of $20.5m, an increase of about 127% compared to the same period of 2017. The statement mentioned that the amount of Egyptian date exports witnessed an increase of 81%, explaining …
13.5% increase in trade exchange between Egypt, India in 2017
Ahmed Antar, head of the Egyptian Commercial Service (ECA), announced that the trade exchange between Egypt and India witnessed remarkable development during 2017, explaining that the total trade exchange between the two countries reached about $3.5bn in 2017, an increase of 13.5% compared to 2016. The announcement came during the work of the Sub-Committee on …
$5.6bn in trade between Egypt, US; expectations of greater growth this year: Boughner
The United States is actively working with Egypt to enhance trade relations between them and expand their bilateral trade flow, said Minister Counsellor for Economic Affairs at the US Embassy in Cairo James Boughner. He added, in response to emailed questions from Daily News Egypt, that the US is deliberating “with the Egyptian government to …
€7.5bn, Egyptian exports to the EU markets in first 11 months of 2017: Kabil
Minister of Trade and Industry Tarek Kabil announced that Egyptian exports to European Union (EU) markets achieved a significant increase of 24% during the first 11 months of 2017, reaching €7.5bn, compared to€ 6.3bn during the same period of 2016. He continued that Egyptian imports from the EU decreased during the first 11 months of …
African Continental Free Trade Area is major step towards African unity: Kabil
Agreement would result in largest free-trade area in terms of participating countries since WTO formation
Egypt discusses with Romania enhancing joint trade, investment relations
Volume of trade exchange between two countries from January to November 2017 reached $617m
Egypt supports new Euro-Mediterranean preferential rules of origin: Kabil
10th UfM meeting new launching point for economic, trade relations between EU, East Europe, southern Mediterranean, says minister of trade
Cargo handled at Damietta Port increased by 32% in 2017
A report issued by the Damietta Port Authority showed an increase in the volume of goods handled at the port during the past year by 32%, growing from 32m tonnes in 2016 to 37m tonnes in 2017. According to the report, the number of inbound and outgoing ships from the port increased from 2,562 in …
Poland to close its trade promotion office in Egypt
The Polish government decided to liquidate its trade and investment promotion section at its embassy in Cairo starting from 1 February 2018, said head of the office Tomasz Przygoda. “30 April is the last working day in Egypt then the office will be closed,” added Przygoda noting, that the liquidation decision includes many other Polish …