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The bulletin reviewed the volume of trade, including exports and imports, with Sudan, Ethiopia, Uganda, Congo, Kenya, Tanzania, Rwanda, Burundi, and Eritrea.
During the first meeting of the Joint Egyptian-UAE Business Council, Gamea said that the UAE investments in Egypt exceed $7bn in different projects, with additional $7bn worth memoranda of understanding signed between the two countries, making the UAE the top investor in the Egyptian market.
The price of the main raw material polypropylene amounted to $985/tonne, down 2.9% q-o-q and 9.4% y-o-y.
This year’s exports reflected a rise of about 76% on the previous year.
A report published by the Ministry of Planning and Economic Development, on the development of Egypt’s green product trade balance, has revealed that the value of the country’s green exports reached $11.2bn during the 2015-2019 period.
The total exports value of non-petroleum products reached $25.5bn in 2019, compared to $24.6bn in 2018, reflecting an increase of 3.9%. At the same time, the total value of exports of petroleum products and electricity increased 5.3% to reach $5.0bn in 2019, compared to $4.7bn in 2018.
The report shows that these exports amounted to $3.959bn during this time period, compared to $3.299bn during the same period in 2019.
Pandemic has taught FMCG companies to revisit sourcing strategies, diversify product ranges, and assess resilience and agility of supply chain
Country expects to send $5bn in chemical products to the two new markets by end of 2020
Egyptian Commercial Service in Kenya coordinated with Kenyan authorities to life tariffs
Gamea cancelled Ministerial Resolution No 186 of 2020 which put a stop to the export of alcohol and its derivatives, and Resolution No 187 of2020 which barred the export of surgical masks and infection prevention kits.
Egyptian exports to Mercosur countries increased to $490m during 2019
Trade exchange between Egypt and COMESA countries stands at approximately $2.5bn
34 companies join QIZ agreement with EGP 1bn investments
New system enables pharmaceutical producers to export drugs before registering them with EDA
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
Medical industries sector records $540m in exports last year
Company invests about EGP 900m in productive cell overhaul operations
Additional EGP 7bn allocated to support Egypt’s exports in FY 2020/21 budget, says Maait
Egyptian exports to US equivalent to 7.2% of Egypt’s total exports in 2019
The programme aims to help SMEs open up in new international markets, and increase their exports in current ones, without incurring any financial burdens.
China accounts for over 20% of trade, 16% of FDI in Africa, says Union of African Chambers
During the council’s newly-formed Board of Directors’s first meeting on Monday, Abu Al-Makarem stressed the importance, strength, and attractiveness of the chemical industries sector to local and foreign investors. Minister of Trade and Industry Nevine Gamea participated at the meeting.
The company reported that net revenues stood at EGP 260.2m, down 40% quarter-on-quarter (q-o-q) and 23% year-on-year (y-o-y).
The report said 67% of these exports went to Saudi Arabia, Libya, Spain, the US, the Netherlands, Kenya, Italy, and Uganda at value of $113.077m.
Amgad El-Kady, General Manager of the Technology and Innovation Industrial Council
Factories risk halting operations if coronavirus crisis lasts for three months, says Berzi
Oil price collapse hurts MENA’s oil industry, says report
Government prepares urgent incentives to maintain production, export growth
Exports reached $253m in 2019, companies see Africa as promising