Egypt's central bank issues new instructions to facilitate import process

Tue, 20 Sep 2022 - 03:06 GMT

The CBE also excluded the foreign component from opening a documentary credit in the case of electronic goods that are assembled in Egypt and consist of local parts next to the imported parts, and shipping documents are accepted in light of the fact that they are a production requirement.

Egypt's trade deficit dips 12.4% to $3.21 in June

Mon, 12 Sep 2022 - 07:31 GMT

CAPMAS elaborated that exports decreased 3.3 percent, recording $3.75 billion in June 2022, compared to $3.88 billion during the same month of 2021.

Egypt facilitates import procedures

Thu, 01 Sep 2022 - 05:28 GMT

The decisions included allowing shipping agencies to transport imported goods from ports to warehouses and dry ports outside customs ports, giving a period of 4 months for food commodities before converting them to “disused,” and 6 months for non-food products.

Package of exceptional measures approved to ease imports' release, ease investors' burdens: Maait

Tue, 30 Aug 2022 - 04:48 GMT

Maait said the package will be effective within the coming few days in implementation of the presidential directives followed up by Prime Minister Mostafa Madbouli.

Cabinet: Gap between exports, imports decreased to lowest levels in 7 years

Tue, 26 Jul 2022 - 04:20 GMT

Exports' value reached its highest levels in 2021 with a total value of $43.6 billion compared with $29.03 billion in 2020, added the report.

Trade exchange bet. Egypt, Somalia records 67.5M in 2021

Mon, 25 Jul 2022 - 04:02 GMT

Egypt’s exports to Somalia increased 10.2 percent during 2021, recording $66.3 million, compared to $60.1 million in 2020.

Egypt's trade deficit declines 53% to $1.7B in April

Wed, 06 Jul 2022 - 04:49 GMT

Exports increased 54.2 percent, recording $4.94 billion in April 2022, compared to $3.20 billion during the same month of 2021.

Saudi investments in Egypt exceed $32B

Tue, 21 Jun 2022 - 11:39 GMT

The Egyptian investments in Saudi Arabia amount to $5 billion through more than 802 Egyptian companies.

Volume of trade between Egypt, Russia rises to $4.7B in 2021 - min.

Thu, 16 Jun 2022 - 04:47 GMT

The minister made the remarks during her participation in St. Petersburg International Economic Forum, according to a press release by the trade ministry.

Egypt's trade deficit declines 39.7% to $3.74B in March

Wed, 15 Jun 2022 - 05:53 GMT

Exports increased 44.1 percent, recording $5.48 billion in March 2022, compared to $3.81 billion during the same month of 2021.

Egypt's exports to America rise 56.3% in 2021

Tue, 07 Jun 2022 - 06:45 GMT

Exports of ready-made garments ranked first with 47.6 percent of total exports to the United States of America, reaching $1.2 billion in 2021, compared to $0.8 billion in 2020, marking an increase of 50 percent.

COP27 Champion says approach to climate change mitigation, adaptation not fair

Mon, 23 May 2022 - 11:49 GMT

The COP 27 Champion pointed out that Africa’s contribution in emissions is just 3-4%.

Egypt's imports from COMESA countries record decline by end of 2021: CAPMAS

Thu, 12 May 2022 - 08:30 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) monitored a noticeable decline in the volume of Egyptian imports from the COMESA group recently.

Egypt's trade Min. denies issuing any restrictions to limit imports from Saudi companies

Sun, 17 Apr 2022 - 03:01 GMT

Gaber pointed to the ministry's keenness to provide the necessary facilities for Saudi companies, whether investing or exporting to the Egyptian market.

Halted brands from imports do not constitute 5% of Egyptian market: Foodstuffs Division

Sun, 17 Apr 2022 - 02:05 GMT

He noted that there is a branch of the Persil company that is manufactured in Egypt, and the Egyptian market will not be affected by not importing these products from abroad.

Egypt prevents imports of hundreds of brands, Control Authority explains the reason

Sun, 17 Apr 2022 - 01:49 GMT

The most prominent companies whose products were banned from entering Egypt as a result of being removed from the registry of the Egyptian Export and Import Control Authority are the Saudi Almarai Company, Mobaco for Industry and Trade, the South Korean LG, Dania Foods Ltd., the Jordanian Furniture Manufacturing Company, and the Middle East Pharmaceutical Industries.

Egypt's trade deficit declines 32.3% to $2.44B in January

Wed, 13 Apr 2022 - 03:02 GMT

Exports increased 34.5 percent, recording $3.99 billion in January 2022, compared to $2.97 billion during the same month of 2021.

Trade exchange bet. Egypt, China hits $19.97B in 2021

Tue, 12 Apr 2022 - 12:43 GMT

It added that China's imports from Egypt reached $1.7 billion dollars, with a jump of 84.8 percent year on year.

Egypt has received 150 million coronavirus vaccine doses so far: Health ministry

Fri, 01 Apr 2022 - 08:41 GMT

Egypt has so far secured a total of 150 million doses of eight different coronavirus vaccines since the start of the pandemic, Spokesman for the Ministry of Health Hossam Abdel Ghaffar said.

Egypt's trade deficit dips 21.6% to $2.41B in December

Tue, 15 Mar 2022 - 02:33 GMT

Exports increased 45.3 percent, recording $4.32 billion in December 2021, compared to $2.97 billion during the same month of 2020.