Turkish state-owned lender Ziraat Bank is considering opening a representative office in Egypt, in the latest signs of warming business ties between the former political foes.
The Turkish bank aims to establish an Egyptian branch later after getting (...)
French fashion label Christian Dior aims to start its operations in Egypt within the fourth quarter of 2024, Egyptian Industry and Trade Minister Ahmed Samir said on Wednesday.
The minister made his remarks after meeting with Jérôme Baudy, president (...)
Egypt's competition authority (ECA) has approved a request by 23 cement makers to extend cement production cuts for one additional year until July 31, 2023, senior industry sources told Amwal Al Ghad on Monday.
Last year, the ECA heeded the request (...)
Uruguay is looking to reach a framework agreement with Egypt to work together on green hydrogen production, Egyptian Minister of Industry and Trade Nevine Gamea said on Monday.
"The ministry has received two official letters from Uruguay's Minister (...)
Egyptian steel manufacturer El-Garhy Steel Group has submitted a mandatory offer to acquire 100 percent of shares of the National Company for Glass and Crystal (NCGC), an El-Garhy official announced on Wednesday.
Mohamed El-Garhy, vice chairman and (...)
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has approved a $2.6 billion financing to support developmental projects in Egypt, according to the country's trade ministry statement (...)
Cairo will host the fifth round of free trade talks with the Russia-led Eurasian Economic Union (EAEU) member countries next November, Egyptian Trade Minister Nevine Gamea announced on Thursday.
The EAEU, which includes Armenia, Belarus, Kazakhstan, (...)
Poland is choosing Egypt to build its first overseas industrial zone, as it will be in Egyptian canal city of Ain al -Sokhna.
On Tuesday, Poland's Katowice Special Economic Zone (KSEZ) has signed a framework agreement with the Suez Canal Economic (...)
Exporters have received 2.4 billion Egyptian pounds of subsidy arrears from the Export Development Fund since February as the Trade and Industry Ministry launched the second phase of the export support initiative
The subsidy programme allows (...)
Egypt will be imposing anti-dumping duty on imports of aluminum products, according to Egyptian Minister of Trade and Industry, Nevine Gamea.
The decision will be in effect for three years starting from mid-April, Gamea said in a statement on (...)
Egypt ends of the crisis of the Ugandan authorities imposing 35 percent custom tariffs on Egyptian exports of iron sheets in violation to the COMESA agreement, according to he Egyptian Minister of Trade and Industry, Nevine Gamea.
The ministry's (...)
Egypt's new citrus season has just begun and its first shipments of locally produced oranges have been exported to Brazil, Egyptian trade minister announced on Monday.
The shipments of the new season of Egyptian oranges has been sent to the (...)
Egypt's General Authority for Suez Canal Economic Zone (SCZone) aims at launching a bunch of incentives to attract investors within the upcoming period, Yehia Zaki told Amwal Al Ghad.
He added that the SCZone is continuously aiming to develop the (...)
The bilateral trade between Egypt and Sudan reached $862 million during 2020, Egypt's Minister of Trade and Industry, Nevine Gamea said.
Egypt's exports to Sudan amounted to $496 million last year, while imports from the African country registered (...)
Egypt and Sudan will be signing a memorandum of understanding to boost cooperation on developing micro, small and medium sized enterprises and businesses ecosystem.
Egyptian Minister of Industry and Trade, Nevine Gamea is leaving for the Sudanese (...)
Egypt's balance of trade deficit shrank by 17 percent to $38.291 billion in 2020, compared to $46.225 billion in the prior year, the Minister of Trade and Industry, Nevine Gamea, revealed.
The North African nation's exports inched down by 1 percent (...)
The Egyptian Commercial Service (ECS) has made available investment opportunities of $573 million for the Egyptian exporters during 2020 according to the ministry of industry report.
The ECS than 2000 studies and reports and circulated for exporters (...)
African Export and Import Bank (Afreximbank) and Egypt has discussed the bank's current and future projects and programmes in the Egyptian market, as well as strengthening cross-border trade in the continent.
The two sides also discussed to the (...)
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an increase in financing for Oilex, an Egypt-based international company for the extraction of multiple forms of oils.
The NBE and First Abu (...)
The Egyptian government is studying the possibility of creating a fund to boost the automotive industry in order to encourage local manufacturing, especially automotive components and vehicle assembly, said Trade Minister Nevine Gamea.
The fund (...)
Egypt expressed optimism about the prospect of a free trade deal with the (Russia-led) Eurasian Economic Union (EAEU) member countries as they will launch a new round of talks.
Egyptian Trade Minister Nevine Gamea said on Thursday she was pleased (...)
The Italian Agency for Development Cooperation (AICS) is working on a grant project worth €3 million ($3.6 million) to finance a number of development projects in Egypt, its director said on Tuesday.
Martino Milli said the grant programme will (...)
Egypt has extended an import ban on white and raw sugar for three months, the country's trade and industry ministry announced in a statement on Thursday.
The extension aimed at tightening control over imported products amid precautionary measures to (...)
The United Arab Emirates (UAE) investments in Egypt exceed $7bn in different projects, with additional $7bn worth memorandum of understanding signed between the two countries, according to Minister of Trade and Industry Nevine Gamea.
She added that (...)
Bilateral trade between the countries amounted to $8.618 billion in 2019, up from $7.530 billion a year earlier, according to Egyptian Minister of Trade and Industry, Nevine Gamea, said.
There is a substantial development in commercial relations (...)