Latest in Highlight
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EETC to offer international tender to implement Saudi Link project
The project will include the creation of a transmission line to transfer gas between the two countries at peak times for each country at a maximum of 3,000 MW.
Egyptian exports to the USA drop 37.6%, imports surge 7.6%
Flow of investment between the two countries also declines 61.7%, CAPMAS
Trade exchange with Libya falls in wake of violence
Egyptian exporters exclude Libyan market from their plans and fear failure from Libyan side to fulfil contracts
Sanitary measures imposed on Egypt have negative impact on export: ERF
Government should support firms to increase their quality and productivity in order to export
Majority of cabinet’s economic team reappointed
Abdel Nour to handle SMEs while Al-Araby takes on administrative development
Final composition of government to be announced this evening: Abdel Nour
Ministry of Investment to be separated from the Ministry of Industry and Trade, the minister noted.
Foreign minister heads delegation at Arab-Chinese cooperation forum
Fahmy arrives in China to discuss political, economic issues and strengthen Arab-Chinese relations
Shipping lines between Egypt and Jordan not sufficient: Commercial office
Ministry of Trade and Industry and Commercial Office in Amman intend to increase trade between Egypt and Jordan
Over 50 Egyptian companies seek to enter Jordanian market
Egyptian companies are looking for opportunities to enter the Jordanian market as Syrian crisis cut trade between the latter two
Scottish trade mission visits Cairo and Alexandria
The delegation is comprised of eight companies considering potential projects in the energy sector, the British embassy in Cairo says
Mehleb’s Africa trip steps up trade exchange and investment opportunities
Prime minister’s visit to African countries results in agreements on gas and wheat imports, and investment contracts for the Arab Contractors Company and Egypt Air
AFDB approves $50m CIB risk participation agreement
Agreement aids in addressing critical market demand for trade finance in Africa, the bank says
Egypt looking to revitalise economic relations with US: Industry minister
Government plans to adopt measures to attract foreign and domestic investments, says minister
Israeli gas holds promise of better ties with neighbours
Israel in talks with Egypt, Turkey on major gas export deals
Egypt considers establishing first integrated commercial city
Minister of Supply says city would boost shopping tourism and generate job opportunities
EU-Africa: What’s in the relationship?
The EU also carried out eight civilian missions – to Guinea Bissau, South Sudan and Niger among others.
1H FY 2013/2014 BOP registers $2bn surplus
The current account balance came in at $755.8m, down from $757m registered during 1Q FY 2013/2014
Egypt’s economy to strengthen from 2014 to 2016: HSBC
Trade with Europe shows promise during the next six months, the bank’s latest report noted
Russian industrial zone to be established in Egypt
Russian and Egyptian governments to start negotiations on the establishment of a free trade zone between Egypt and the countries of the Customs Union
Tourism minister expects 3m Russian tourists by end of 2014
2.4 million Russian tourists visited Egypt in 2013 and spent 23.7m tourist nights
EgyptAir freight price hike bad news for exporters: Egyptian Chamber of Commerce official
Airline attributes 5% fee increase to rising fuel prices
Foreign trade minister promotes Egyptian projects in London
Mounir Fakhry Abdel Nour visits London to strengthen British-Egyptian relations.
Fahmy looks to strengthen Africa economic and trade ties
Minister of Foreign Affairs to present proposals for deeper economic cooperation in Africa
Update: Fahmy visits DRC and Tanzania
Interim foreign minister discusses Egypt’s water share with Tanzanian counterpart; prepares for COMESA summit
Fahmy visits DRC and Tanzania
Interim foreign minister tours Nile Basin Countries; prepares for COMESA summit
Indonesia slams reported Australian spying as ‘mind-boggling’
Kerry visited Jakarta on Monday as part of an Asian tour, tensions flared over new espionage allegations in a weekend New York Times report, which said Australian spies targeted Indonesian officials during a trade dispute with the United States.
Over 40 Sudanese companies to import Egyptian products
An electronic catalogue featuring Egyptian companies’ products was distributed to all participants at Khartoum exhibition
Ministry of Manpower’s decision to freeze assets of workers’ union condemned
Decision follows freezing membership of union head
IFC and AlexBank sign trade finance agreement
IFC will help the bank’s clients expand into new markets giving them an opportunity for growth
Minister of Industry plans to increase British trade and investment, with emphasis on ICT
Minister meeting with BEBA to discuss the promotion of British investment, with a special focus on ICT