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3.5% increase in jetties capacity at Damietta Port in February

The capacityt of jetties at Damietta Port increased by 3.5% in February this year compared to February 2017, according to a report issued by the Damietta Port Authority (DPA). The capacity of jetties in Damietta Port increased from 199 ships in February 2017 to 206 ships in February 2018, according to the report. The volume …

Mohamed Alaa El-Din

$4.9bn in trade exchange between Egypt, UAE in 2017

The value of trade exchange between Egypt and the UAE in 2017 amounted to $4.9bn, versus $2.8bn in 2012. This came according to a report prepared by the department of trade policies and international organisations at the UAE’s Ministry of Economy, which was reported by the Emirates News Agency on Sunday. The report stated that …

Nihal Samir

14% increase in exports in February 2018

The deficit in Egypt’s trade balance reached $3.28bn in February 2018 compared to $3.32bn in the same month of the previous year, a decrease of 1.2%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS)’s monthly bulletin of foreign trade data for February 2018, issued on Tuesday. The value of exports increased by …

Hossam Mounir

Commodity trade between Egypt, Saudi Arabia at EGP 3bn in 2017

The total volume of commodity trade between Egypt and Saudi Arabia during 2017 amounted to about EGP 3bn, according to Egyptian Minister of Trade and Industry Tarek Kabil. Kabil noted that Saudi Arabia was among the largest Arab countries investing in the Egyptian market in 2017 with a total of $6.3bn invested in 4,274 projects where …

Shaimaa Al-Aees

10 Egyptian companies look to invest in Poland, Slovakia

The Egyptian-Canadian Business Council will organise a trade mission to Poland and Slovakia next week to discuss further trade cooperation with the two countries. Moataz Raslan, chairperson of the council, said that the mission will include 10 companies operating in the oil and tourism sectors, as well as companies engaged in import and export, and …

Ahmed Sabry

21% increase in Egyptian exports to EU market: Kabil

Egyptian commodity exports to European Union (EU) countries increased significantly during 2017, at a value of about €8.1bn, compared to €6.7bn in 2016, an increase of 21%, according to a Friday press statement from Minister of Trade and Industry Tarek Kabil. Furthermore, the large increase in Egyptian exports to these markets contributed to the growth …

Nihal Samir

28% increase in Egyptian exports to Belgium in 2017

Minister of Trade and Industry Tarek Kabil announced in a press statement on Tuesday that Egyptian exports to the Belgian market witnessed an increase of 28% in 2017 compared to 2016. He explained that Egyptian exports to the Belgian market grew in 2017 to record about €320m, up from €250m a year prior, bringing the …

Daily News Egypt

52.3% increase in Egyptian exports to Spain in 2017

Minister of Trade and Industry Tarek Kabil revealed, in a press statement on Tuesday, that Egyptian exports to the Spanish market increased by 52.3% in 2017, to reach €640.5m compared to €420.5m in 2016. Kabil added that the Egyptian imports from the Spanish market have declined, dropping from €1.38bn in 2016 to €1.26bn last year, …

Daily News Egypt

36.4% increase of Egyptian exports to France in 2017

Minister of Trade and Industry Tarek Kabil announced an increase of Egyptian exports to the French market by 36.4% during 2017, reaching €572m in value compared to €420m in 2016, pointing out that the trade exchange between the two countries increased last year by 21.8% versus 2016. “The French market is one of the most …

Daily News Egypt

Egypt to establish free zone in Nuweiba on 226 feddans  

The Egyptian Cabinet approved at its weekly meeting, chaired by Sherif Ismail, the establishment of a free zone in Nuweiba in South Sinai governorate covering an area of 226 feddans, equivalent to 951,000 sqm. During the press conference, Governor of South Sinai Khalid Fouda said that the free zone will be established at a cost …

Daily News Egypt

13.5% increase in trade exchange between Egypt, India in 2017

Ahmed Antar, head of the Egyptian Commercial Service (ECA), announced that the trade exchange between Egypt and India witnessed remarkable development during 2017, explaining that the total trade exchange between the two countries reached about $3.5bn in 2017, an increase of 13.5% compared to 2016. The announcement came during the work of the Sub-Committee on …

Daily News Egypt

Cargo handled at Damietta Port increased by 32% in 2017

A report issued by the Damietta Port Authority showed an increase in the volume of goods handled at the port during the past year by 32%, growing from 32m tonnes in 2016 to 37m tonnes in 2017. According to the report, the number of inbound and outgoing ships from the port increased from 2,562 in …

Mohamed Alaa El-Din

Poland to close its trade promotion office in Egypt

The Polish government decided to liquidate its trade and investment promotion section at its embassy in Cairo starting from 1 February 2018, said head of the office Tomasz Przygoda. “30 April is the last working day in Egypt then the office will be closed,” added Przygoda noting, that the liquidation decision includes many other Polish …

Hagar Omran

Kabil participates in 10th UFM trade ministers meeting 

Minister of Trade and Industry Tarek Kabil announced in a press statement on Sunday that he will participate, after an eight-year Egyptian hiatus, in the 10th meeting of trade ministers of the Union for the Mediterranean (UFM) countries, which is being held in Brussels on Monday. The meeting aims to follow up and activate cooperation …

Daily News Egypt

$1.287bn of trade exchange between Egypt, EFTA countries in 2017

Saeed Abdallah, head of the trade agreements sector at the Ministry of Trade and Industry, announced on Friday that the trade exchange between Egypt and European Free Trade Association (EFTA) countries recorded $1.287bn in 2017. The EFTA is a regional trade organisation and free-trade area consisting of four European states: Iceland, Liechtenstein, Norway, and Switzerland. …

Daily News Egypt