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105.5% increase in Egypt’s exports to US in 2017: CAPMAS

The value of Egyptian exports to United States reached EGP 23.6bn in 2017, accounting for 5.1% of Egypt’s exports to the world, this is up from EGP 11.5bn in 2016, marking an increase of 105.5%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The CAPMAS announced on Wednesday the Economic Relations between …

Hossam Mounir

18% increase in handled cargo at Damietta Port in March

A report issued by the Damietta Port Authority (DPA) showed that the number of docked ships at Damietta Port in March 2018 was rather steady compared to March 2017. The number of ships at the port in March 2018 reached 230, and the number increased by 27% compared to the same period in 2017. According …

Mohamed Alaa El-Din

181.6 % increase in Egyptian cotton exports in Q2 2017/2018

The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued its quarterly bulletin on cotton for the second quarter (December to February) of the agricultural season 2017/2018. The total amount of Egyptian cotton exports reached 379,700 kantars during that period, up from 134,800 kantars during the same period of the previous season, marking a large …

Hossam Mounir

Agreement between EG-Gate, DHL to support SMEs’ export logistics

In the framework of activating the national e-commerce strategy with the aim of establishing an integrated system to support the export logistics of micro, small, and medium enterprises, Egyptian Global Gate (EG-Gate), a company of Tahya Misr with contributions from the Ministries of Tourism, Aviation, and Communications, signed a memorandum of understanding with DHL to …

Mohamed Alaa El-Din

Russia lifts ban on Egyptian potato exports

Tarek Kabil, minister of trade and industry, announced in a press statement on Saturday that Russian authorities have agreed to lift the imposed ban on Egyptian potato exports from eight agricultural areas. He added that exporting from those areas will begin starting from 6 June. The minister added that the decision is the culmination of …

Nihal Samir

Khedivial Marine Logistics acquires AAL’s shipping agency in Egyptian ports

Khedivial Marine Logistics (KML) acquired on Wednesday the shipping agency Austral Asia Line (AAL)’s operations in all Egyptian ports. Mohamed Al-Dahshan, chairperson and founder of KML, said the new acquisition came as part of the company’s expansion plan. The company transports general and heavy cargo via 24 vessels from the Far East (India, China, Japan, …

Daily News Egypt

$6.9bn trade exchange between Egypt, Eurasian Economic Community in 2017

Trade exchange between Egypt and the Eurasian Economic Community (EAEC) achieved an increase during 2017. The value of trade exchange between Egypt and the EAEC amounted to $6.9bn, with Egyptian imports at $6.9bn and Egyptian exports at $573m, according to Egyptian Minister of Trade and Industry Tarek Kabil. The EAEC includes Russia, Belarus, Kazakhstan, Armenia, …

Shaimaa Al-Aees