trade
Among individual trading partners, the United States topped the list, with bilateral trade reaching $5.838 billion
Despite this upward trend, current traffic levels still fall short of the 72 to 75 vessels per day that were typical before Houthi-related disruptions
El Sisi, Spain’s PM discuss boosting ties, urge Gaza ceasefire, reject displacement, and back two-state solution and regional stability.
Negotiations are reportedly underway with suppliers from Qatar, Algeria, and Saudi Arabia, as well as major global trading entities.
As part of the alliance’s expansion strategy, plans are underway to host an exhibition in Kenya to showcase Egyptian products, creating a platform for increased visibility and export opportunities.
Data from Egypt’s Central Agency for Public Mobilization and Statistics revealed a significant increase in trade between Egypt and Lebanon in 2024.
Trade turnover between Russia and Egypt climbed by 30% in 2024, reaching a record of $9 billion, Russian President Vladimir Putin said at a meeting with his Egyptian counterpart Abdel Fattah el-Sisi, adding that it gained another 80% in the first two months of this year, TASS news agency reported.
Besides Egypt, the countries identified as most at risk include Jordan, Lebanon, Bahrain, Tunisia, and Morocco
Trade with countries outside of the top 14 amounted to $10.21 billion—$7.22 billion in imports and $3.00 billion in exports
This pioneering initiative will contribute to economic growth, job creation, and a thriving investment climate that will attract more Foreign Direct Investment (FDI) to Egypt
The Chamber’s objectives for 2024 included addressing challenges faced by food manufacturers, representing their interests to relevant stakeholders, and providing industry data to support decision-making
Egyptian Minister of Foreign Affairs and Immigration Dr. Badr Abdel Aty stressed the importance of strengthening trade and investment relations between Egypt and the United Kingdom (UK).
The report also notes that more than 100 ships were attacked by Houthi forces since late 2023 and throughout the past year.
This rise was primarily driven by strong demand in sectors like petroleum products, fresh fruits, ready-made garments, and food preparations.
Mostafa Ibrahim, Deputy Chairman of the China Committee at the Egyptian Businessmen’s Association, forecasts that Chinese investments in Egypt will reach between $2 and $3 billion by 2025.
The two sides also discussed ways to develop trade, industrial and investment cooperation, in the interest of the two countries and the two brotherly peoples.
The expansion of Egypt’s food export markets in 2024 was notable, with growth across Arab, European, American, and African regions, according to the latest FEC data shared by Bazan.
In a meeting with representatives from 23 prominent maritime companies, Rabie shared his optimism about the region’s recovery
The ongoing conflict in Gaza, which began in late 2023 after Hamas’s attacks, has led to numerous assaults on ships passing through the Bab-el-Mandeb Strait by the Houthis
Despite challenges, Rabie reiterated the SCA's commitment to delivering seamless maritime services, continually evolving to meet industry demands
