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Latest in Trade


Khedivial Marine Logistics acquires AAL’s shipping agency in Egyptian ports

Khedivial Marine Logistics (KML) acquired on Wednesday the shipping agency Austral Asia Line (AAL)’s operations in all Egyptian ports. Mohamed Al-Dahshan, chairperson and founder of KML, said the new acquisition came as part of the company’s expansion plan. The company transports general and heavy cargo via 24 vessels from the Far East (India, China, Japan, …

Daily News Egypt

$6.9bn trade exchange between Egypt, Eurasian Economic Community in 2017

Trade exchange between Egypt and the Eurasian Economic Community (EAEC) achieved an increase during 2017. The value of trade exchange between Egypt and the EAEC amounted to $6.9bn, with Egyptian imports at $6.9bn and Egyptian exports at $573m, according to Egyptian Minister of Trade and Industry Tarek Kabil. The EAEC includes Russia, Belarus, Kazakhstan, Armenia, …

Shaimaa Al-Aees

3.5% increase in jetties capacity at Damietta Port in February

The capacityt of jetties at Damietta Port increased by 3.5% in February this year compared to February 2017, according to a report issued by the Damietta Port Authority (DPA). The capacity of jetties in Damietta Port increased from 199 ships in February 2017 to 206 ships in February 2018, according to the report. The volume …

Mohamed Alaa El-Din

$4.9bn in trade exchange between Egypt, UAE in 2017

The value of trade exchange between Egypt and the UAE in 2017 amounted to $4.9bn, versus $2.8bn in 2012. This came according to a report prepared by the department of trade policies and international organisations at the UAE’s Ministry of Economy, which was reported by the Emirates News Agency on Sunday. The report stated that …

Nihal Samir

14% increase in exports in February 2018

The deficit in Egypt’s trade balance reached $3.28bn in February 2018 compared to $3.32bn in the same month of the previous year, a decrease of 1.2%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS)’s monthly bulletin of foreign trade data for February 2018, issued on Tuesday. The value of exports increased by …

Hossam Mounir

Commodity trade between Egypt, Saudi Arabia at EGP 3bn in 2017

The total volume of commodity trade between Egypt and Saudi Arabia during 2017 amounted to about EGP 3bn, according to Egyptian Minister of Trade and Industry Tarek Kabil. Kabil noted that Saudi Arabia was among the largest Arab countries investing in the Egyptian market in 2017 with a total of $6.3bn invested in 4,274 projects where …

Shaimaa Al-Aees

10 Egyptian companies look to invest in Poland, Slovakia

The Egyptian-Canadian Business Council will organise a trade mission to Poland and Slovakia next week to discuss further trade cooperation with the two countries. Moataz Raslan, chairperson of the council, said that the mission will include 10 companies operating in the oil and tourism sectors, as well as companies engaged in import and export, and …

Ahmed Sabry

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