Egypt’s foreign trade surpasses $104.7bn in FY 2023/24: CBE
Egypt’s foreign trade reached approximately $104.7bn in the fiscal year 2023/2024, as reported by the Central Bank of Egypt (CBE). This total comprises $72.1bn in imports and $32.6bn in exports, marking a significant volume of trade with global partners. According
Egypt’s October 2024 trade deficit drops by 16%
The Central Agency for Public Mobilization and Statistics (CAPMAS) has released its monthly Foreign Trade Data for October 2024, revealing a 16% decrease in the trade deficit compared to the same month last year. In October 2024, Egypt’s trade deficit
Egypt, trade hits $1.5bn with Greece, $217m in with Cyprus
The Central Agency for Public Mobilization and Statistics has reported that trade between Egypt and Greece reached $1.5bn during the first 11 months of 2024, a decrease from the $1.8bn recorded during the same period in 2023. This data was
Canada, the 51st state? Eliminating interprovincial trade barriers could ward off Donald Trump
The Conversation — Donald Trump is threatening to use “economic force” to make Canada the 51st American state. While his comments may be reckless, they are in part due to Canada’s over-reliance on the United States market in terms of
Egypt, EU discuss strengthening trade, investment ties
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, recently met with the European Union’s Ambassador-designate to Egypt, Angelina Eichhorst, to explore opportunities for enhancing trade and investment cooperation between Egypt and the EU. The discussion focused on strategies to
Al-Sisi reviews progress on transport projects, industrial localization
President Abdel Fattah Al-Sisi held a meeting on Sunday with Prime Minister Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry Kamel El-Wazir, and Amir Sayed Ahmed, the President’s Advisor for Urban Planning. During the
Egyptian investments in Africa surpass $14bn: FM
Badr Abdelatty, Egypt’s Minister of Foreign Affairs, participated in the Egypt-Gabon Business Forum held in Libreville, the capital of Gabon. The event brought together Gabonese President Ali Bongo Ondimba, seven key Gabonese government ministers—including those responsible for Foreign Affairs, Public
Egyptian, Uzbek officials discuss increased cooperation at business forum
Egyptian and Uzbek officials met on Wednesday at the Egyptian-Uzbek Business Forum in Tashkent to discuss strengthening economic ties between the two nations. The forum, which coincided with the 7th session of the Joint Egyptian-Uzbek Committee for Economic, Scientific, and
Madbouly directs efforts to forge balanced trade agreements with Africa
Egypt’s Prime Minister Mostafa Madbouly recently chaired a meeting of the Permanent Higher Committee for Monitoring Egyptian-African Relations, attended by Egypt’s economic ministers and other relevant government officials. The session, part of the government’s ongoing efforts to strengthen Egyptian-African ties,
Egypt-Ireland trade exchange hits $448m in 10M 2024
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the trade exchange between Egypt and Ireland reached $448m during the first 10 months of 2024, up from $428m in the same period of 2023, marking a $20m increase.