Egyptian trade with G7 countries shrunk by 17% last year: CAPMAS

Thu, 13 Jun 2024 - 02:55 GMT

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

Trade exchange between Egypt, Arab states hit $26B in 2023

Wed, 12 Jun 2024 - 02:03 GMT

Exports and imports recorded $13.6 billion and $12.4 billion, respectively.

Highlights of projects aimed at turning Egypt into trade, energy hub

Tue, 04 Jun 2024 - 10:56 GMT

Since 2018, the government has been implementing projects in relevant sectors with the aim of achieving that goal.

Trade deficit shrinks by 23.2% to $2.37B in March 2024: CAPMAS

Sun, 02 Jun 2024 - 01:27 GMT

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.

Engineering exports surge 32.3% YoY during first 4M of 2024

Tue, 28 May 2024 - 12:15 GMT

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

Egypt's non-oil private sector activity slows down to 47.4

Thu, 09 May 2024 - 11:14 GMT

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

Egypt, UK strengthen investment and trade relations through MoU signing

Thu, 02 May 2024 - 09:21 GMT

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

Value of trade exchange between Egypt, Kuwait is $3B per annum

Tue, 30 Apr 2024 - 04:10 GMT

The value of Kuwaiti investments in Egypt hit $15 billion, while that of Egyptian investments amounted to $1.1 billion.

Egypt, Belarus sign MoUs on investment, trade, tourism

Tue, 30 Apr 2024 - 02:14 GMT

Belarusian Prime Minister Roman Golovchenko is holding a visit to Egypt.

Egypt’s foreign trade reported at $24.59B during Q1 FY2023/2024, CBE

Mon, 29 Apr 2024 - 01:38 GMT

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

Cooking oil prices witness additional 14% reduction, reaching LE 65

Sun, 21 Apr 2024 - 12:12 GMT

The decision encompassed rice, pasta, dairy products, oils, beans, sugar, and certain types of cheese.

Cabinet approves Suez Canal Company for Modern Boats free zone establishment

Thu, 18 Apr 2024 - 12:12 GMT

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

Turkish exports to Egypt reaches $872M in Q1 of 2024

Tue, 16 Apr 2024 - 01:24 GMT

According to the Turkish Exporters' Assembly, Turkish exports to the Egyptian market reached $872 million in the first quarter of this year,

Egypt’s PMI increases to 47.6 in March: S&P Global

Wed, 03 Apr 2024 - 12:24 GMT

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

Egypt's agricultural exports increase by $300M in Q1 of 2024

Sat, 30 Mar 2024 - 12:43 GMT

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.

Egypt, EU trade volume declines by 19% in 2023

Mon, 18 Mar 2024 - 11:58 GMT

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

Egypt releases $3B worth of accumulated goods in ports

Wed, 13 Mar 2024 - 06:12 GMT

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

Egypt’s merchandise exports grew by 6% in 2024

Mon, 11 Mar 2024 - 02:51 GMT

The exports amounted to $6.12 billion, reflecting a 6 percent increase compared to the same period in 2023

Egypt’s cooking oil prices drops by 20% to reach LE 80: Supply Minister

Tue, 05 Mar 2024 - 02:41 GMT

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.

Egypt's PMI slips to 11-month low as Suez Canal disruptions impact economy

Tue, 05 Mar 2024 - 11:53 GMT

The latest PMI reading indicates a notable decrease in demand, output, and employment levels across various sectors of the Egyptian non-oil economy