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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

102 Egyptian companies participated in Fruit Logistica: Kabil 

Minister of Trade and Industry Tarek Kabil announced on Wednesday, in a press release, that 102 Egyptian companies, some of the largest producers of vegetables and fruits, participated in the activities of the Fruit Logistica trade show. This came according to the latest report received by the minister from the Egyptian Commercial Office in Berlin on …

Daily News Egypt

38.5% increase in Egyptian exports to Turkey in 2017

Minister of Trade and Industry Tarek Kabil announced that Egyptian exports to Turkey achieved unprecedented growth during the past year, increasing 38.5% to reach $1.998bn compared to $1.443bn in 2016. The minister added that Egyptian imports from Turkey witnessed a remarkable decline last year to reach $2.36bn compared to $2.733bn in 2016, a decline of …

Daily News Egypt

Cyprus faces unprecedented Turkish intransigence, arrogance: Cypriot presidential commissioner

Cyprus’s presidential commissioner, Photis Photiou, said that Cyprus faces the intransigence of Turkey and its unprecedented arrogance, in addition to flagrant violations of international laws relating to Cyprus’s sovereign rights in its exclusive economic zone. Photiou’s remarks came during a press conference on Sunday, where he explained that his country will continue efforts to find …

Mohamed Samir

$9.624bn Egyptian exports to 5 countries in 2017

Egyptian exports to the five largest countries in the world during 2017 reached $9.624bn, accounting for 37.3% of total Egyptian exports to the world, which amount to $25.8bn, according to the Egyptian Foreign Trade Bulletin issued by the Central Agency for Public Mobilisation and Statistics (CAPMAS). The report showed that the UAE ranked first among …

Daily News Egypt

35% increase in Egypt’s exports to Russia during 2017

Tarek Kabil, minister of trade and industry, announced that Egyptian commodity exports to the Russian market increased by 35% last year, reaching a value of about $504.6m compared to $374.1m in 2016. He highlighted the great diversity of Egyptian export items to the Russian market, explaining that this diversity contributed to the enhancement of Egyptian …

Daily News Egypt