Latest in Trade Highlight
Latest in Trade
Eastern Company revenues to increase by EGP 350m in FY 2017/18 on cigarette price hike
The company expects to generate EGP 50m monthly after applying VAT
Military Production, Agriculture ministries cooperate to manufacture production equipment, implement national projects
National Organisation for Military Production, IDA, CGCOC Group sign MoU to develop industrial zone in Abu Zanima
Recently opened factory will increase Q4 profits: managing director of MBEN
Ahmed Bahaa, managing director of MB for Engineering and Contracting (MBEN), and member of the Egyptian Exchange’s board, revealed that setting up the company’s recently opened factory in Sixth of October city is expected to lead to a hike in profits throughout the fourth quarter (Q4) of 2017. “The company’s financials in terms of revenues …
Egypt exports to Africa $1.253bn in 2016, $1.043bn in imports
Exports include sugar, paper, gold, essential oils, plastics, imports include natural gas, tea, copper, coal, iron ore
Launching expansions of Ismailia free zone
Nasr agrees with Ismailia governor to establish a new investment area
Black Friday retail’s saviour
Black Friday, which is the day immediately following Thanksgiving in the United States, has become synonymous with rampant shopping, becoming an essential part of media, economic, and cultural calendars. Although there is a cultural basis for Black Friday in the United States, the concept has been embraced globally, especially after the rise of e-commerce over …
Nasr, El Moselhy sign protocol to link commercial registry offices with GAFI
Protocol aims at simplifying the procedures of licensing for investors and providing establishment and post-incorporation services, says Nasr
Export Development Fund boosts shipping cost to Iraqi and Libyan markets by 50%: Kabil
This decision will increase exports to both markets by up to 25%, says minister of trade and industry
$ 3.5bn Egypt’s exports to Gulf countries in 8 months
The Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed that Egypt’s total exports to the Gulf countries during the period from January to August 2017 was worth $3.5bn. On the other hand, the total value of exports to those countries during the same period last year was $3.4bn. CAPMAS’ latest foreign trade report, for …
Egyptian-Russian company established for manufacture of machines, equipment for mills, silos, feed complexes
Military production companies will, in cooperation with the company, modernise silos, feed plants, and mills, and build new ones with domestic equipment
Egypt regains post of FIATA vice president with Ahmed Mustafa’s win
The average international income for transport and logistics is estimated at $700bn, says Ahmed Mustafa In its quest to regain African and international status, Egypt is now being represented by engineer Ahmed Mustafa as the vice president of the International Federation of Freight Forwarders Associations (FIATA) for the Africa and Middle East region. Mustafa’s win …
Currency flotation increased exports by $2bn: Tarek Kabil
The industrial area will help incur more foreign inflows to the country, the trade and industry minister says
Suez Canal Economic Zone attracts foreign investors in full swing: Mohab Mamish
The revenues of Suez Canal saw a year-on-year increase of 3.4% to reach USD 4.34 billion from January to October 2017
Trade deficit down 26.7% in August 2017
The trade balance deficit decreased in August to $3.31bn, down from $4.52bn during the same month last year, marking a drop of 26.7%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The report noted that the value of exports increased by 17.0%, as it reached $2.17bn during August 2017 versus $1.86bn in …
Egypt, Greece set up new mechanism to enhance economic cooperation
€894.5m volume of trade between both countries this year
State cannot prohibit importation of goods, as it goes against international trade laws: IDA chairperson
World Bank annual business reports are political
Attractiveness of food sector resists profitability margins decline
Acquisition deals focus on basic commodities over the upcoming period: El Gazayerly
FEC to receive delegation visiting local factories in November: executive director
Delegation represents countries from Europe, America, Africaو and Canada, which are concerned with the agricultural manufacturing, juices and sweets
Mercosur Agreement helps open Latin American markets: FEC chairperson
21% growth in exports to European markets in 8 months
Caker plans to export 85% of its production to Europe, Middle East
Company to increase the production lines of lollipops and wafer biscuits
Daltex expects sales of EGP 1.05bn by end of 2017
The company will increase its exports to India and China in the coming period
Natura Agro-Trade aims at increasing its sales to 15% next season
Europe is the most important market with an annual share of 65% of production: Miniawi
EGP 20m cost of equipment for new juice plant opening in January: Al Rabee Group
Sales expected to reach EGP 52m at the end of this year, up 8% from 2016
Al-Shams Agro Group expects EGP 100m in sales by 2017 end
Exports account for 60% of the group’s annual production, says Shams
Exporters set requirements for the development of grape exports, put hopes on Chinese market
Grape exports have achieved a boom over the last two years and we need to grow new varieties: Essa
EGAEIF aims to increase pasta exports during Christmas
The company will establish a new production line of “Spaghetti” with investments of $6m
Gold demand continues to plunge in Egypt
The price of gold is currently EGP 22,787.84 per troy ounce (August 24, 2017).
Trade deficit drops 46% in H1 2017 with exports growth and imports decline
$10bn decrease in imports, $1bn increases in exports
Trade balance deficit dropped 43.8% in May 2017: CAPMAS
Exports grew by 8.8%, reaching $2.28bn, while imports recorded $4.6bn, down by 26.1%
Nasr signs MoU with ICD to finance infrastructure projects
Nasr signed a $10m financing agreement with the IDB to combat bird flu