Egypt, Dragon Oil sign agreement to export additional crude oil

Thu, 22 Feb 2024 - 12:06 GMT

The Egyptian Minister of Petroleum, Tarek El-Molla, witnessed the signing of the agreement along with Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Dragon Oil Company,

AOI inks $1B export MoU with Egyptian-Saudi consortium

Wed, 21 Feb 2024 - 03:33 GMT

The memorandum of understanding relates to the logistical supply for real estate development projects in the Kingdom of Saudi Arabia, which the consortium will implement in the Kingdom and elsewhere.

Egypt aims to reach $250M in annual date exports within 5 years

Wed, 21 Feb 2024 - 02:36 GMT

This initiative is in collaboration with the Ministry of Trade and Industry, and the Ministry of Agriculture and Land Reclamation.

Trade exchange bet. Egypt, Turkey reaches $5.87B in 2023

Tue, 13 Feb 2024 - 04:08 GMT

Samir noted that the Egyptian commodity exports to Turkey saw a significant increase, reaching $2.934 billion compared to about $2.288 billion during the same period in 2022, reflecting a 28 percent increase.

Egypt's engineering industries exports jump by 10.5% in 2023: EECE

Mon, 29 Jan 2024 - 03:29 GMT

This marked the highest value achieved in the history of engineering exports, surpassing the $3.841 billion recorded in 2022, according to the statement

Ezz Steel's investments soar to $5.9B as exports target $1.75B in 2024

Thu, 11 Jan 2024 - 09:11 GMT

She added Thursday that the company achieved exports totaling around $1.5 billion in 2023, and it is expected that the company's exports will reach $1.75 billion by the end of 2024.

Localizing industry is a state priority: PM Madbouly

Thu, 11 Jan 2024 - 05:23 GMT

In a televised statement concluding his tour of the SCZone in Ain Sokhna, Madbouly highlighted its transformation into a trade hub with a focus on local industry

Egypt aims to boost trading with Africa by 20% by 2029

Mon, 08 Jan 2024 - 03:51 GMT

Egypt, along with 47 countries, has ratified the agreement, explained Al-Wathiq Billah. He expected the rest of the countries to ratify the trade agreement by the second half of 2024

Egypt's Cabinet reveals top African importing markets in Q1 of 2023

Sun, 07 Jan 2024 - 01:21 GMT

The total size of trade exchange between Egypt and other African countries recorded during that period $2.117 billion.

Egypt's agriculture sector: self-sufficiency, land reclamation, and record-breaking exports

Sun, 31 Dec 2023 - 04:49 GMT

Minister of Agriculture and Land Reclamation, El Sayed El Qusair, announced the addition of over 3.5 million feddans of agricultural land through desert reclamation.

Egyptian exports of processed food grow by 15% in Jan.-Nov. 2023

Thu, 28 Dec 2023 - 02:50 GMT

The Egyptian exports of processed food recorded $4.7 billion in January-November 2023 achieving growth of 15 percent ($628 million).

Egypt's exports decline 22% in 1st 9 months of 2023

Sun, 24 Dec 2023 - 01:03 GMT

CAPMAS added that the country’s imports decreased by 21 percent on a yearly basis, totaling $58.5 billion, compared to $74 billion for the same period in 2022.

Egyptian exports to African nations increase by 13% during 2023: trade minister

Mon, 18 Dec 2023 - 12:41 GMT

In 2022, the trade volume between Egypt and COMESA countries reached its highest level, totaling $4.3 billion, as highlighted by the trade minister

Non-oil and petroleum industries drive increases in both exports and imports of 2022, CAPMAS

Tue, 12 Dec 2023 - 05:53 GMT

The largest leap was a staggering 152.7 percent in natural gas (NatGas) and liquefied natural gas (LNG) exports, soaring to $9.90 billion during January-December 2022, compared to $3.90 billion in 2021

Egyptian agricultural exports reach 5.669M tons, up 29.2% during 2022/2023 season

Tue, 12 Dec 2023 - 04:52 GMT

Agricultural exports to Arab countries amounted to 42 percent of the sector’s export volume at 2.355 million tons, valued at $1.314 billion or 37 percent of Egypt’s total agricultural trade value

Nawah Scientific becomes 1st African lab to acquire US-FDA accreditation

Sun, 19 Nov 2023 - 02:30 GMT

Egyptian exporters would be able to retain the company's services instead of sending samples for testing abroad saving half the costs and 90 percent of the time the process takes.

Egypt eyes LNG export resumption, navigating energy challenges amid regional turbulence

Fri, 17 Nov 2023 - 03:21 GMT

Egypt relies on imports of Israeli gas to meet a portion of its domestic demand, as well as for re-export purposes.

Egyptian exports to African countries to rise by 10 percent by end of 2023 to $5.5B

Tue, 14 Nov 2023 - 05:46 GMT

Speaking at the African Intra-Trade Exhibition (IATF 2023), El-Gabaly highlighted the importance of strengthening ties with African countries, emphasizing their potential as vibrant markets with a collective population of 1.5 billion

​Africa's share of world trade stands at 3%: AAAM President

Sat, 11 Nov 2023 - 10:42 GMT

The intra-Africa trade represents only 16 percent of the global share.

August figures show trade deficit down by 22.3 percent to record $3.8B, CAPMAS

Tue, 31 Oct 2023 - 05:23 GMT

Exports from Egypt declined by 1.9 percent to reach $3.36 billion during August 2023, compared to $3.43 billion reported in August of last year