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Business
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Economy
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.
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Business
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Economy
11/27/2023 6:39:26 PM
Egypt doesn’t collect the value-added tax (VAT) in foreign currency on imports but on goods and services that are typically paid for in foreign currency, said Minister of Finance Mohamed Maait on Monday, according to a Cabinet statement.
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Business
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Economy
11/8/2023 8:38:59 PM
The Egyptian Cabinet approved on a Wednesday meeting extending the zero-custom initiative for gold imports by Egyptians abroad for six months ending on 10 May, according to a statement.
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Business
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Economy
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.
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Egypt
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Society
10/29/2023 10:23:41 PM
Egypt extended the duration of daily power cuts as of Saturday as a result of increased gas consumption brought up by high temperatures coinciding with falling gas imports, a Cabinet statement said on Sunday.
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Business
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Economy
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).
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Business
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Economy
10/5/2023 2:34:21 PM
Egypt's automotive market has been grappling with instability and unprecedented stagnation since March 2022, primarily due to a complex interplay of factors that have led to a sharp decline in car imports and a steep spike in prices.
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Business
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Economy
10/3/2023 3:09:39 PM
Egypt has released $53.7 billion worth of imported goods from ports between 1 January and 30 September, said Sameh El-Kheshen, the Egyptian Cabinet spokesperson, in a statement on Tuesday.
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Business
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Economy
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.
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Business
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Economy
9/27/2023 11:00:40 PM
Egypt's Minister of Supply and Internal Trade Ali Moselhi announced Wednesday the import of 200,000 tons of raw sugar, adding that the shipment is expected to arrive soon.
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World
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War in Ukraine
9/25/2023 7:45:13 PM
At his family farm, Wieslaw Gryn voiced support for Poland's ban on Ukrainian grain imports, but said it had not reversed a price drop that threatens his livelihood and those of other European farmers.
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Egypt
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Foreign Affairs
9/23/2023 5:27:37 PM
After Kyiv announced sending 17,600 tons of grain to Egypt, Moscow said it had delivered more than eight million tons of wheat to Egypt over the past fiscal year.
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World
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War in Ukraine
9/18/2023 10:20:47 PM
Kyiv on Monday said it had filed lawsuits at the World Trade Organisation (WTO) against its three EU neighbours, Poland, Slovakia and Hungary, over their bans on Ukrainian grain imports.
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Business
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Economy
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).
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Business
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Economy
9/14/2023 7:37:59 PM
The Egyptian Cabinet issued a draft law to relaunch the zero-customs car import initiative for expats for three months, according to a statement on Thursday.
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World
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War in Ukraine
9/12/2023 5:15:50 PM
The Polish government on Tuesday agreed to extend a ban on Ukrainian grain imports unilaterally even if the current EU restrictions expire on September 15.
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Business
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Energy
9/11/2023 6:22:36 PM
Russia's share of total Czech oil imports grew in the first half of this year despite EU restrictions, an oil transit company said on Monday.
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Business
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Economy
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.
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Business
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Economy
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.
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Business
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Economy
9/6/2023 3:02:57 PM
The National Bank of Egypt (NBE) has sealed a deal to secure $100 million from the Abu Dhabi foreign aid agency to fund Egyptian exports from the UAE, read a press release on Wednesday.
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