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Business - Economy

Egypt private sector faces challenges applying new minimum wage increase: Business owners

5/4/2024 3:06:00 PM

Egypt’s private sector is struggling to implement the minimum wage limit the National Council of Wages (NCW) has set recently, while the sector faces challenges on multiple levels, several business owners told Ahram Online.

Business - Economy

Egypt’s commodity exports surged in January; trade deficit shrinks

2/20/2024 5:45:18 PM

Egypt's commodity exports witnessed substantial growth in January, surpassing $3 billion, a significant rise from the $2.8 billion recorded in January 2023, resulting in a decline in trade deficit, Minister of Trade and Industry Ahmed Samir said on Tuesday.

Business - Economy

Egypt’s exports drop 22% YoY in nine months

12/24/2023 4:40:16 PM

Egypt’s exports dropped 22 percent year-on-year (YoY) to $30.8 billion during the first nine months of 2023, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.

Business - Economy

Egypt’s average inflation to decline to 27.4 percent in 2024: Report

12/12/2023 7:09:44 PM

Egypt’s average inflation is expected to decline to 27.4 percent in 2024 from 34.1 percent in 2023, according to a report by BMI Research, a subsidiary of Fitch Solutions.

Business - Economy

Fewer exports widen Egypt’s trade deficit by 10.3% in September

12/6/2023 1:13:03 PM

Egypt’s trade deficit increased by 10.3 percent to reach $3.24 billion in September compared to $2.84 billion in the same month last year, according to the data released by the Central Agency for Public Mobilization and Statistics (CAMPAS) on Wednesday.

Business - Economy

Egypt's trade balance deficit narrows by 22.3% year-on-year in August

11/2/2023 11:13:02 AM

Egypt's trade balance deficit shrank by 22.3 percent in August to reach $3.88 billion, down from $4.99 billion in August 2022, according to the data released by the Central Agency for Public Mobilization and Statistics (CAMPAS) on Wednesday.

Business - Economy

Lower imports cuts Egypt’s trade deficit by 23.6 percent in FY2022/23

10/8/2023 5:16:00 PM

Egypt’s trade deficit declined by 23.59 percent during the fiscal year 2022/2023, primarily due to a significant decline in non-oil imports, according to data released by the Central Bank of Egypt (CBE).

Business - Economy

Egyptian importers call for expanding food export bans amid price increases

10/1/2023 8:52:33 PM

As Egypt’s three-month ban on onion exports comes into effect on Sunday, importers have asked for stronger measures to control prices, including expanding the ban to other items and cracking down on hoarding.

Business - Economy

Egypt’s trade with G20 countries hit $88 bln in 2022

9/18/2023 4:05:14 PM

The trade exchange between Egypt and G20 countries reached $88 billion in 2022, up 10 percent from $80.1 billion in 2021, reported on Sunday by the Central Agency of Public Mobilization and Statistics (CAPMAS).

Business - Economy

Egypt's trade deficit drops by 47.7% YoY in June

9/11/2023 1:56:58 PM

Egypt's trade balance deficit dropped by 47.7 percent to $2.32 billion in June 2023, down from $4.43 billion in June 2922, reported the Central Agency for Public Mobilization and Statistics (CAMPAS) on Saturday.

Business - Economy

China's exports and imports fall in August as weak global demand keeps economy under pressure

9/7/2023 11:00:58 AM

China's exports and imports both fell in August from a year earlier, reflecting tepid global demand that is adding to pressures on its slowing economy.

Business - Economy

Egypt's trade balance deficit drops by 48.2 percent YoY in February

5/3/2023 3:31:48 PM

Egypt's trade balance deficit dropped by 48.2 percent to $2.1 billion in February 2023, down from $4.06 billion a year earlier, reported the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Wednesday.

Business - Economy

Egypt's exports to Cyprus surge by 68.8% in 2022: CAPMAS

4/6/2023 3:52:47 PM

Egypt's exports to Cyprus increased to $76 million in 2022, up from $45 million in 2021, marking a hike of 68.8 percent, read a statement by the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Wednesday.

Egypt - Urban & Transport

Egypt extends deadline to register for cargo tracking system at airports to 1 Jan. 2023

9/20/2022 7:11:00 PM

The Ministry of Finance has extended the deadline for importers to register in the Advanced Cargo Information (ACI) system at airports to 1 January 2023 to give importers more time to prepare, Minister of Finance Mohamed Maait announced on Tuesday.

War in Ukraine - Economy

Russia earns $98 bln from fuel exports in 100 days of Ukraine war: Report

6/13/2022 12:03:58 PM

Russia earned 93 billion euros ($98 billion) from fossil fuel exports during the first 100 days of its war in Ukraine, with most sent to the European Union, according to research published Monday.

Al-Ahram Weekly - Economy