trade
The company will specialize in the manufacturing and maintenance of yachts and marine units, with a commitment to meeting all necessary licensing and regulatory requirements
According to the Turkish Exporters' Assembly, Turkish exports to the Egyptian market reached $872 million in the first quarter of this year,
The March PMI survey indicated that recent measures taken to address Egypt's currency crisis, such as raising interest rates and floating the Egyptian pound, provided some relief in terms of price pressures
Despite the challenges posed by global and regional conditions that affect supply chains and the Egyptian government's decision to stop exporting some agricultural products to support the local market, the country's agricultural exports witnessed a healthy increase.
The value of Egyptian exports to EU members declined by 31.8 percent year-on-year, amounting to $11.8 billion and the value of imports from EU members witnessed a drop of 9 percent and were valued at $19.4 billion
Madbouly highlighted that this phase is characterized by numerous positive indicators, with a notable focus on the gradual restoration of remittances from Egyptians residing abroad to their regular levels
The exports amounted to $6.12 billion, reflecting a 6 percent increase compared to the same period in 2023
Furthermore, he anticipated a forthcoming decrease in the prices of essential food commodities, projecting a potential reduction of up to 25 percent in the coming weeks.
The latest PMI reading indicates a notable decrease in demand, output, and employment levels across various sectors of the Egyptian non-oil economy
One of the key points of discussion was the possibility of conducting trade transactions using the local currencies of both countries
In contrast, the Cape of Good Hope witnessed a surge of nearly 75 percent in shipping volume, as stated by Kozack
The government plans to achieve this goal by focusing on the development of the industry sector, enhancing the value of Egyptian products
Al-Kharafi stressed the keenness and seriousness in searching for available investment opportunities in Egypt, as he offered to enter into some of the opportunities available within the Egyptian initial public offering (IPO) program
Under the new pricing scheme, a medium-staple quintal of cotton in Upper Egypt will be set at LE 10,000, while a long-staple quintal in Lower Egypt will be priced at LE 12,000
The President of the Egyptian Ready-made Garments Export Council of Egypt (RMGEC), Marie Louis, stated that their goal for 2024 is to restore the positive performance of exports
President el-Sisi added, "I would like to welcome the Turkish President on his first visit to Egypt in over 10 years to open a new page between our two countries.
The visit of Turkish President Recep Tayyip Erdogan to Egypt gives a new impetus to enhancing economic cooperation and trade exchange between both countries, especially since they are linked with distinguished historical economic relations.
According to CAPMAS, Turkish investments in Egypt amounted to $167.2 million in the Fiscal Year 2022/2023 (FY22/23), marking a 7.1 percent decline compared to the previous FY21/22 when it reached $179.9 million
Mollema emphasized the strength of the strategic relations between the Netherlands and Egypt, acknowledging the pivotal role played by the Suez Canal as a vital link between Europe and Asia
The proposed industrial zone in Egypt aims to replicate the success of the existing industrial zone in Bursa, which specializes in various sectors including textiles, automobiles, aluminum, machinery, equipment, and advanced technologies
