Latest in Trade Highlight
Latest in Trade
In midst of recession, clothes retailers call on Ministry of Supply to start sale season early
Only about 10% of displayed winter clothes have been sold, says head of FEDCOC ready-made clothes sector
14% increase in volume of goods handled at Damietta Port in November
18% decrease in volume of exports due to decrease in exported fertilisers by 40%
Egypt salt imports reach $3.6bn
Egypt’s imports of sodium chloride (salt) during the period from 2014 to 2016 reached $3.6bn, Deputy Head of Petroleum & Mining Industries Chamber Abdul Latif El Kourdy said, adding that Egypt should move to export salt rather than importing it. During a workshop on the salt industry in Egypt, El Kourdy said that the wealth …
Egypt targets $70m in exports to Senegal by end-2018: Commercial Advisor in Senegal
Direct flight between Egypt, Senegal ‘oxygen tube’ to revive economic relations
Ready-made garment exports increased 13% in 11 months
Exports of ready-made garments increased by 13% from January to November, registering $1.305bn compared to $1.155bn in the same period last year, according to Readymade Garments Export Council of Egypt’s monthly report. The report said that the volume of ready-made garments exports fell by 4% to reach $108m in November, compared with $112m in the …
Trade minister attends Mercosur ministerial meeting in Brazil
Trade and Industry Minister Tarek Kabil participated in the ministerial meeting of Mercosur countries in Brazil, according to press statement on Thursday. The ministry said that trade exchange between Egypt and Mercosur members is $3.3bn annually. Kabil stressed the importance of intensifying efforts to achieve a balance in trade between the two sides, which is …
Canadian Food Inspection allows Egyptian grapes into Canadian market
Major grape exporters delegation to visit Canada in February to promote next grape season, says minister
$421m, 9M volume of Egyptian exports to Russia in 2017
Minister of Trade and Industry Tarek Kabil announced that Egyptian exports to Russia have increased significantly by 28.5% during the first nine months of this year. He explained that the volume of Egyptian exports to Russia during the period from January to September 2017 amounted to $421m, compared to $327.5m during the same period last …
Trade Ministry delegation participates in joint MERCOSUR committee meeting
Reflecting the Ministry of Trade and Industry’s eagerness to increase the volume of trade exchange and joint investments between Egypt and MERCOSUR countries, an Egyptian delegation from the ministry participated in the first meeting of the joint committee of the Free Trade Agreement (FTA) between Egypt and Mercosur countries, which was held on Wednesday in …
GMC scheduled to double exports in 2018: company chairperson
New acquisition deals, investment into oil planned
Consultations begin to facilitate entry of Egyptian exports to Ukrainian market: Kabil
Considering establishing joint Egyptian-Brazilian economic committee to enhance cooperation between two countries in various productive, service sectors, says minister
Exports of engineering industries aimed to increase to $30bn: Aboufreikha
Export Council for Engineering Industries plans to increase its exports to $30bn, said council chairperson Amr Aboufreikha. He did not specify a time frame for achieving this goal, but said the council had prepared a study on global markets and leading exporters, seeking to benefit from those experiences. Council exports now amount to $2bn a …
11th WTO Ministerial Conference kicks off amid complex circumstances: trade minister
Egypt fully supports interests, priorities of African continent within framework of multilateral trading system, says Egyptian minister
€2.594bn volume of trade exchange between Egypt, Italy in H1 2017
Egyptian exports to Italian market grew 35%, reaching $995m in H1 2017, says Kabil
Beheira Commerce Chamber establishes poultry, fish exchanges, two ‘model markets’ worth EGP 200m
Chamber considers establishing textile city, president to open commodity exchange in August, says chamber head
Afreximbank and EBE sign $500m agreement to support exports
The agreement will boost industrialisation and intra-African trade, said Afreximbank president
‘Africa 2017’ emphasises Egypt’s stance on African cooperation: Shoukry
Egypt is base of African movement, matchmaking centre for private sector, says foreign ministry
74 vessels cross Suez Canal in 24 hours
The Suez Canal recorded on Saturday the highest number of single-day ship traffic in its history, with 74 large vessels crossing, which were also carrying the largest weight of shipments, at 5.2 million tonnes. Furthermore, he added that the number of transiting vessels from the north reached 50 vessels, with loads of 3.1 million tonnes, …
Launching “Africa 2017″ common market
The annual forum of the Common Market for Eastern and Southern Africa (COMESA) was recently launched under the theme “Africa 2017”. The conference will be attended by 10 presidents and prime ministers, 40 ministers from 24 African countries, more than 500 African and international organisations, and some 1,500 investors from Africa and the rest of …
COMESA looks to raise share of global trade to 12% in 10 years: COMESA Business Council chairperson
Egypt exports to COMESA countries worth $2.5bn; 60% to Sudan, Libya
COMESA develops instruments for implementing Digital Free Trade Area
Organisation provides favourable trading environment for Egyptian exports, says COMESA secretary general
3 logistics centres to be established in Kenya, Djibouti, Tanzania: Elsewedy
Centres support exports to Africa, reduce shipping time from 3 months to few days
Trade, investment exchange with Africa has not achieved expected progress: Nasr
Nasr calls for Africa to invest in Egypt
Re-Shrimp buys prawn peel at EGP 6 per kg
Company extracts chitosan and supplies it to agricultural companies
Egypt’s cotton exports amount to 86,200 metric kantars in 3 months
India ranks first among importing countries, accounting for 41.5%
SCZone receives 13 requests for investment on 6 sqkm
Companies seek to build petrochemical, textiles plants; feasibility study for establishment of pharmaceutical city to be reconsidered
$334bn total market cap of cryptocurrencies following Bitcoin surge
The total market capitalisation of all cryptocurrencies currently in circulation reached a record high of $334.5bn on Saturday, according to data from industry website CoinMarketCap, as a result of the recent Bitcoin price hike. A total of 16 coins are currently valued at $1bn or more, and around 13 coins are coming in at over …
Egypt scraps foreign exchange restrictions for importers
CBE removes caps for deposit, withdrawal of foreign currency for importers of non-essential goods
Gold rises on surge on world exchanges
Local market witnesses state of recession in buy, sell movement
GOEIC rejects 354 imported containers due to non-conformity
The General Organisation for Export and Import Control (GOEIC) received approximately 19,584 imported food and industry containers during October. Inspection results showed the validity of 19,230 containers, while 354 were rejected for non-conformity to standards. The report pointed out that the number of imported industrial containers was 12,135, while food containers amounted to 7,449. The …