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
ADES currently operates ten offshore drilling rigs in Egypt, which is part of its larger fleet of 49 rigs, as stated on the Saudi company's website
"Before the Red Sea disruptions, 2-3 ships used to pass through the Suez Canal daily... currently no ships of the company are passing through the canal," CEO Hashimoto said on the sidelines of India Energy Week in Goa
This marked the highest value achieved in the history of engineering exports, surpassing the $3.841 billion recorded in 2022, according to the statement
During the first 11 months of 2023, Egypt's exports to Russia valued at $469 million, showing a decrease of 13.7 percent, compared to $543 million in 2022
Shipping companies continue to select alternative routes to their destinations as Houthi attacks target Israel-linked vessels near the strategic Bab Al-Mandeb Strait in the Red Sea
Ashmawy revealed ongoing negotiations with Egyptian banks to provide financing to traders involved in commodity trading operations
Samir also emphasized the pivotal role of Egypt's cement sector as a pillar for the nation's infrastructure and urban development projects, as well as the industrial sector’s role as a key player in Egypt's recovery, addressing global and regional economic challenges
The zone will serve as a central hub for the collection and unloading of goods to and from the high-speed train, effectively linking the Red Sea and Mediterranean Sea ports
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
CAPMAS further indicated that Egypt's exports declined by 19.2 percent in October 2023, amounting to $3.23 billion, down from $4 billion in October 2022.