Latest in Trade Highlight
Latest in Trade
Egypt, Mongolia discuss enhancing economic bilateral cooperation
Agreement to activate recommendations of first session of Egyptian Mongolian Joint Committee, Executive Programme for Cultural, Scientific, and Technological Cooperation until 2018
13 international companies compete to supply 1,300 railcars
Selection of winning companies, signing of contracts within two months
Future of global bus transportation: all electric, less emissions
Electric buses to represent nearly 50% of the world’s fleet by 2025
99 Egyptian companies to participate in Fruit Logistica exhibition
Fruits accounted for 50% of Egyptian exports last season
Daltex exports near EGP 1bn in 2017
We target 15% increase this year, says El Naggar
Al-Sadat Agro Fruit exports recorded $15m last year
Company will open sorting and packaging station with $4m investments next year: Al-Saadani
Good Seed raised exports to 5,000 tonnes in 2018
We prefer to make our products available to Europe; exports to Arab countries at 10-15%, says Mubarak
Egy Pack achieved sales of EGP 2bn in 2017
Egy Pack for packaging achieved sales of EGP 2bn last year. Raafat Shafik, head of sales, said that the company aims to maintain the same sales of last year, despite problems it is currently facing. He explained that 2017 was one of the hardest years for the sector, following the decision to float the pound …
Juhayna 2017 profits soar 268% as sales accelerate
Company’s revenues climbed to EGP 6.06bn versus EGP 4.9bn in 2016
5,420 customs evasions filed in November, December 2017 worth about EGP 578m
Customs duties, evasion fines amounted to EGP 775.7m, of which only EGP 81.3m was collected
Egypt’s food industry capable of doubling exports
Economy is progressing, but reforms benefits not completely visible yet
27% increase in traded goods at Damietta Port in December
Exports up by 63%
Egyptian exports to Russia rose 32.8% in 11M of 2017
Preliminary indicators show Egyptian exports to Russia will exceed $500m for first time in trade relations history between two countries, says Kabil
6% increase in Egyptian textile, spinning exports in 2017
The Egyptian Textile Export Council announced that Egyptian textile and spinning exports increased by 6% in 2017, to record $832m compared to $783m in 2016. This keeps pace with the announcement of Minister of Trade and Industry Tarek Kabil in January 2018, during the visit of President Abdel Fattah Al-Sisi to Sadat City, that Egypt …
Maersk, IBM to form global venture applying blockchain to improve global trade
AP Moller – Maersk and IBM announced their intention to establish a joint venture to provide more efficient and secure methods for conducting global trade using blockchain technology, according to a press statement on Monday. The statement said that the aim of the new company will be to offer a jointly developed global trade digitisation …
$3.2bn increase in Egyptian exports during 10M 2017: CAPMAS
The total value of Egyptian exports during the period from January to October 2017 reached $21.1bn compared to $17.856bn a year prior, an increase of $3.236bn, according to a report issued by the Central Agency for Public Mobilisation and Statistics (CAPMAS). “The value of petroleum exports increased by $0.36bn, to reach $1.969bn, during the first …
4% growth in maritime traffic at Alexandria, Dekheila ports
The maritime traffic to/from the Alexandria Port Authority reached 341 ships in October 2017, compared to 327 ships in October 2016, an increase of 4%, according to a report issued by the authority. The authority manages the Alexandria and El-Dekheila ports. The total volume of traded goods in both ports increased to 4.8m tonnes in …
4.8m tonnes of Egyptian agricultural exports in 2017
Egypt’s total exports of agricultural crops to different countries in 2017 increased to reach over 4. 8m tonnes, compared to 4.34m tonnes in 2016, according to an official report issued by the Ministry of Agriculture and Land Reclamation on Saturday. The report revealed that citrus fruits were the most important crops exported last year, witnessing …
Egypt establishes investment company worth EGP300m to develop free trade, investment zones
At a press conference on Wednesday, Minister of Investment and International Cooperation Sahar Nasr announced that the cabinet approved the establishment of an investment company for the development of investment, free trade zones, and investment services areas, with a capital of EGP300m and it targets to reach EGP 3bn. Moreover, Nasr said the decision comes …
EGP41m value of importing ice cream in 10 months
Egypt imported ice cream and other edible ice with value of about EGP 41m in the period from January to October 2016, according to Baseera. Egypt imported ice cream by $1.419m from across the world in 2016, compared to $2.2m in 2015. Data acquired from Trade Map website shows that France came in the first …
$1.5bn, Egypt – UAE 2017 trade balance surplus in favour of Egypt : Kabil
Ministry aims at strengthening Egypt’s commercial relations with UAE, Says Minister of Trade and Industry
Egypt may become biggest orange exporter
Egypt’s orange exports have increased significantly this season, competing with the world’s largest orange exporter, Spain. In this context, FreshPlaza website, a portal specialised in the fresh produce industry, quoted Spanish company Exportaciones Aguado SL confirming great competition between Egypt, Turkey, and Greece in exporting the citrus fruit. Moreover, the company said that Egypt and …
$3.04bn trade deficit in September 2017: CAPMAS
The country’s exports, imports increased by 17.1%, 4.5% respectively
1,202 factories were opened in 2017 with investments of EGP 27bn
Industry sector saw issuing of Industrial Licenses Law, launching the industrial investment map, offering 17.5 msqm in 201
Clarksons Shipping negotiates with 2 companies to establish ship fuel supply worth $200m
We are studying establishment of navigation company with government to build modern fleet with Egyptian flag, says Metawi
More difficulties facing agricultural crop exports
Europe stresses citrus examination, Saudi Arabia threatens to boycott pomegranate imports after guava ban
Egyptian exports to Turkey increased by 44.2% during 10M 2017
Egyptian imports from Turkey declined by 18.7% from January to October 2017
Agriculture Export Council negotiates with 2 foreign labs to inspect products before exporting
Suspension of guava exports was “surprising”, promises to lift ban on strawberries, pepper exports not implemented
Current export duties to continue on haberdashery, some minerals raw materials, nitrogen fertilisers
Minister of Trade and Industry Tarek Kabil issued a decision to continue imposing the current export duties on haberdashery, the raw materials of some minerals under Decree No. 1,354 of 2016 and amended by Decree No. 1,157 of 2017, which expired on 26 December 2017. In addition, the ministry issued a decision to continue imposing …
Trade Ministry targets 15% increase in non-petroleum exports in 2018
Chemical and Fertilisers Export Council Chairperson Khaled Abou El Makarem revealed that the Ministry of Industry and Trade aims to increase the rate of non-petroleum exports by 15% in 2018, to record about 25.7bn. Abou El Makarem pointed out that a coordination meeting of the export councils was held two days ago with the participation …