trade
Minister of Foreign Affairs, Immigration and Egyptian Expats Badr Abdel Aty received Wednesday a phone call from Croatian counterpart Gordan Grlic Radman.
Minister of Investment and Foreign Trade Hassan al-Khatib inaugurated the labs earlier this week.
The decline was attributed to a slight increase in Egyptian exports which was up by 0.8 percent to reach $3.29 billion compared to $3.26 billion recorded in April 2023
CAPMAS also revealed that the food product industry’s index reached 123.72, declining 19.04 percent from March’s 152.81, which the statistics agency attributed to a shortage in raw materials required
Egypt's exports of strawberries represented 2 percent of the amount of Egyptian exports and 6 percent of the value of exports.
Garments topped the list.
Trade between Egypt and G7 countries dipped in 2023, dropping by 17% to around $26 billion, reported the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday
Exports and imports recorded $13.6 billion and $12.4 billion, respectively.
Since 2018, the government has been implementing projects in relevant sectors with the aim of achieving that goal.
The value of imported goods experienced a decrease of 16.2 percent, totaling $5.94 billion in March 2024, down from $7.09 billion in the same month of the previous year.
According to Sherif Al-Sayyad, Chair of Egypt's Engineering Export Council, April 2024 reported a record 50.3 percent increase in engineering exports, the highest in the sector’s history, reaching $431.5 million, compared to $287.1 million in April 2023
The increased availability of foreign currency, coupled with hopes of exchange rate stability, lower prices, and improved material availability, boosted confidence among non-oil firms regarding the year-ahead outlook for activity
Under the MoU, the UK Export Finance, which serves as the British export financing agency, will provide financial support for a range of projects in close coordination with GAFI
The value of Kuwaiti investments in Egypt hit $15 billion, while that of Egyptian investments amounted to $1.1 billion.
Belarusian Prime Minister Roman Golovchenko is holding a visit to Egypt.
During the first quarter of FY2023/2024 (July – September 2023), Egypt’s foreign trade volume hit $24.595 billion, dropping by around 18 percent compared to the first quarter of FY2022/2023
The decision encompassed rice, pasta, dairy products, oils, beans, sugar, and certain types of cheese.
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
