Latest in Trade Highlight
Latest in Trade
The MoU’s signing took place on the final day of the virtual Economic Forum of Brazil and Arab Countries, which took place from 19 to 22 October. It was organised by the ABCC in partnership with the Arab League and the Union of Arab Chambers.
The value of the trade deficit amounted to about $2.28bn in July 2020, compared to $4.73bn in the same month of the previous year.
153 exporting companies received first batch of dues worth EGP 1.8bn
Egyptian Commercial Service in Kenya coordinated with Kenyan authorities to life tariffs
The report, entitled “The Measures Tourism Marketing Companies Must take in light of COVID-19”, was launched by BCG in cooperation with internet search platform Google.
Further concerns have been raised regarding the cancellation of pre-existing orders due to the measures Kenya has imposed, namely the non-preferential customs duties that are applied on COMESA origin goods.
Trade exchange between Egypt and COMESA countries stands at approximately $2.5bn
Egypt sees trade deficit of $3.30bn in June 2020
Though it is a big dream to reach $100bn of exports, Egypt has carried out recently some mega projects that seemed very difficult at the beginning to be fulfilled
Joining the CFD market is a very easy task but making consistent profit in the market is a very tough one
Indicative prices relating to Egyptian customs have caused significant local price hikes, especially for low-income consumers, says Division of Importers member
Imports of medicines and pharmaceuticals recorded a decrease of 12.7%
The report, issued on Wednesday, noted that the country’s trade deficit stood at $2.59bn during May 2020, down the $4.05bn in May 2019
Increased cooperation needed in various fields, such as AI and information exchange, says El-Said
Egyptian exports to US equivalent to 7.2% of Egypt’s total exports in 2019
COMESA countries followed with Egyptian exports reaching $2.1bn in 2019, an increase of 11.3% on the $1.9bn in 2018.
Ministry conducts comprehensive review of industrial lands to prevent land hoarding
China accounts for over 20% of trade, 16% of FDI in Africa, says Union of African Chambers
Decline attributed to decreased value of some commodities, including fertilisers, petroleum products, and assorted edibles
Gamea said the decision is to ensure that the needs of Egypt’s citizens and medical institutions are provided for during the ongoing coronavirus (COVID-19) pandemic.
Non-oil exports declined 1.8% to $8.707bn between January and April compared to figures for the same period in 2019
CBC recommends member states ease movement of essential transit cargo across region
Trade, Industry Ministry issues urgent instructions for port to remain functional
Egypt’s exports rise by 3.3% to $2.69bn in same month
Exports increased by 1.4 % to reach $2.48bn in January 2020, compared to $2.45bn for the same month of the previous year. This is due to the decreased value of some commodities such as crude oil by 102.6%, fertiliser by 7.3%, and various food preparations by 18.1%, among other items.
Factory on an area of 10,000 sqm in partnership with Jordanian company: Fathy
Al-Faris pointed out that Mork has participated in the last three sessions of the Food Africa exhibition, which is held in Cairo, and will be participating in the current session of the Gulfood exhibition in Dubai to market its nut products.
Exports of crude oil, ready-made clothes, plastics, fruits have increased, says report
Expectations of an increase in demand for green beans, according to Al-Amry
General manager of the company Reda Mohamed said, in the coming period, Grand Egypt aims to expand in the production of oranges, garlic and pomegranates to meet the needs of the markets to which it exports.