Turkey’s Ziraat Bank mulls opening rep office in Egypt
Turkish state-owned lender Ziraat Bank is considering opening a representative office in Egypt, in the latest signs…
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Dior aims to launch its business in Egypt in Q4/2024
French fashion label Christian Dior aims to start its operations in Egypt within the fourth quarter of 2024,…
Ukraine wheat shipment for Egypt ‘secure’, looks for new carrier – minister
Egypt’s Minister of Supply Ali Moselhy said on Wednesday that the Ukrainian wheat -- purchased by Egypt's…
Egypt’s competition authority approves cement output cut extension till July 2023
Egypt’s competition authority (ECA) has approved a request by 23 cement makers to extend cement production cuts for…
Uruguay, Egypt look at making green hydrogen together
Uruguay is looking to reach a framework agreement with Egypt to work together on green hydrogen production,…
Egypt’s El-Garhy Steel offers to acquire National Company for Glass and Crystal
Egyptian steel manufacturer El-Garhy Steel Group has submitted a mandatory offer to acquire 100 percent of shares…
ITFC approves $2.6 billion financing for Egypt
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group,…
Cairo to host fifth round of Eurasian Economic Union free trade talks in November
Cairo will host the fifth round of free trade talks with the Russia-led Eurasian Economic Union (EAEU) member…
Poland chooses Egypt for first overseas industrial zone
Poland is choosing Egypt to build its first overseas industrial zone, as it will be in Egyptian canal city of Ain…
Exporters receive EGP 2.4 bn arrears as part of export support programme phase II
Exporters have received 2.4 billion Egyptian pounds of subsidy arrears from the Export Development Fund since…
Egypt imposes anti-dumping duty on aluminum imports for 3 years
Egypt will be imposing anti-dumping duty on imports of aluminum products, according to Egyptian Minister of Trade…
Egypt ends Uganda tariffs crisis on its exports of iron sheets
Egypt has ended the crisis resulting from a 35 percent customs tariffs imposed by Uganda on Egyptian exports of…
Brazil gets its first shipments of Egyptian oranges
Egypt’s new citrus season has just begun and its first shipments of locally produced oranges have been exported to…
SCZone to launch incentives to attract new investments soon
Egypt’s General Authority for Suez Canal Economic Zone (SCZone) aims at launching a bunch of incentives to attract…
Egypt, Sudan will sign a MoU on boosting SMEs
Egypt and Sudan will be signing a memorandum of understanding to boost cooperation on developing micro, small and…
Egypt’s trade deficit narrows by 17% in 2020 – minister
Egypt’s balance of trade deficit shrank by 17 percent to $38.291 billion in 2020, compared to $46.225 billion in…
ECS provides Egyptian exporters $573mln investment opportunities during 2020
The Egyptian Commercial Service (ECS) has made available investment opportunities of $573 million for the Egyptian…
Egypt, Afreximbank explore strengthening cross-border trade in Africa
African Export and Import Bank (Afreximbank) and Egypt has discussed the bank’s current and future projects and…
NBE leads banking consortium to provide EGP 2bn in financing to Oilex
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an…
Egyptian government mulls creating a fund to boost automotive industry, minister
Egypt's government is studying the possibility of creating a fund designed to boost the automotive industry in…
Egypt, Russia upbeat as Eurasian Economic Union free trade talks enter new round in Q1
Egypt expressed optimism about the prospect of a free trade deal with the (Russia-led) Eurasian Economic Union…
Italian Agency for Development Cooperation to grant €3 million for projects in Egypt
The Italian Agency for Development Cooperation (AICS) is working on a grant project worth €3 million ($3.6 million)…
Egypt extends white and raw sugar import ban for 3 months – minister
Egypt has extended an import ban on white and raw sugar for three months, the country’s trade and industry ministry…
UAE’s investments in Egypt exceed $7bln, minister
The United Arab Emirates (UAE) investments in Egypt exceed $7bn in different projects, with additional $7bn worth…
Egypt-COMESA trade exchange increases to $3.9bn in 2019
Trade exchange between Egypt and the members of the Common Market for Eastern and Southern Africa (COMESA) grew by…
US investments in Egypt hit $21.8bn,Trade Minister
Bilateral trade between the countries amounted to $8.618 billion in 2019, up from $7.530 billion a year earlier,…
South Korea pumps $570 mln into181 projects in Egypt
South Korea has invested a total of $570 million in 181 projects in Egypt, covering industry, services,…
Hungarian Export-Import Bank earmarks €100 million for joint industrial projects in Egypt
The Hungarian Export-Import Bank Plc. (Eximbank) has earmarked €100 million ($117.2 million) to establish joint…
Fine Hygienic Holding to invest up to $40 mln in Egypt over 2020
Tissue and sanitary products manufacturer Fine is planning to almost double its investments in Egypt through 2021,…
Amazon sees Egypt as MENA strategic industrial hub, seeks to manufacture its product…
The E-commerce giant Amazon seeks to locally manufacture its products in the Egyptian market as being a strategic…
Egypt announces end to Kenya’s tariff crisis
he Egyptian Minister of Trade and Industry, Nevine Gamea, announced an end of a crisis that affected exports to…
Egypt’s cement demand may decline 15 % during 2020: Lafarge Egypt CEO
Egypt's demand for cement may decrease by 13-15 percent during the current year on the back of the novel…
Africa captures 22% of Egypt’s chemical industries exports
The African market accounts for 22 percent of Egypt’s chemical industries total exports, registering $ 1.2…
5 mln beneficiaries from World Bank-funded Upper Egypt development scheme
The number of beneficiaries of the Local Development Programme for Upper Egypt, primarily funded by the World Bank,…
Egypt’s exports of building materials increase 24 % during H1
Egypt’s exports of building materials, refractory and metallurgy industries post $ 3.025 billion during the first…
GAFI says establishment of new companies index hiked in June over 15%
The index of establishing companies hiked in June this year 15.4 percent compared to June 2019, according to…
Egypt looking to ban importing products with local alternatives
Egypt plans to implement a mechanism banning the import of any product that has a local alternative, in order to…
Egypt offers 204 industrial units for investors in Mergham 2
Minister of Trade and Industry offers 204 industrial units to investors at the Plastic Industries Complex in…
Samsung investments contribute to increase Egypt exports of electronics
Samsung's investments has contributed to the increase in Egypt's exports of electronics as the company exports more…
Egypt’s foreign trade declines 25% during Q1 due to coronavirus
Egypt’s foreign trade slumps 25 percent reaching $23.848 billion during the first quarter of 2020, down from…