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Import
Egypt buys 480,000 tons of wheat from four countries including Russia
The General Authority for Supply Commodities (GASC) said on Tuesday that it has signed contracts to import 480,000 tons of wheat from four countries after an international bid round.
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‘AfCFTA an opportunity to build continent’s manufacturing capacity,’ AfCDB
With the launch of the start of trading on the basis of the African Continental Free Trade Agreement (AfCFTA), members of the African Business Council (AfBC), representing the pan-African private…
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Intra-African trade rate stands at 18%: AfCFTA secretary-general
The Secretary-General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, said the rate of intra-African trade represents only 18 percent, compared to 70 percent among Europe's…
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AfCFTA delegation visits Egypt’s Suez Canal Economic Zone, Photos
A high-level delegation from the African Continental Free Trade Area (AfCFTA), has visited on Tuesday Egypt’s Suez Canal Economic Zone (SCZone) project located in Ain Sokhna to explore investment…
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Egypt, AfCFTA discuss boosting continental trade
Egypt’s Minister of Trade and Industry Nevine Gamea expressed Egypt’s keenness to commence with the African Continental Free Trade Area (AfCFTA), whose agreement came into effect at the beginning of…
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Egypt’s trade deficit narrows by 17% in 2020, trade minister
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.
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Auto market escapes wave of price hike in January thanks to Egypt-UK Association Agreement
The Egyptian auto market has escaped a price hike on British cars that had been expected on the back of the latter’s exit from the European Union (EU), commonly known as Brexit.
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AfCFTA to provide 1.5 bn job opportunities, achieve trade exchange worth $3.4 tn: EJB
The African Continental Free Trade Agreement (AfCFTA) is projected to offer jobs for more than 1.5 billion people, with a projected trade exchange worth $3.4 trillion, the trade committee of the…
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Egypt to co-establish new shipping company
The Egyptian cabinet approved a draft decision authorising the state-run General Authority For Supply Commodities (GASC) to co-establish a joint stock shipping company.
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Egypt’s trade deficit narrows by 28.8% in October
Egypt’s balance of trade deficit shrank by 28.8 percent year-on-year (YoY) to $2.9 billion in October from $4.1 billion in the same month a year earlier, according to data released by the Central…
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