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18% increase in handled cargo at Damietta Port in March

A report issued by the Damietta Port Authority (DPA) showed that the number of docked ships at Damietta Port in March 2018 was rather steady compared to March 2017. The number of ships at the port in March 2018 reached 230, and the number increased by 27% compared to the same period in 2017. According …

Mohamed Alaa El-Din

181.6 % increase in Egyptian cotton exports in Q2 2017/2018

The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued its quarterly bulletin on cotton for the second quarter (December to February) of the agricultural season 2017/2018. The total amount of Egyptian cotton exports reached 379,700 kantars during that period, up from 134,800 kantars during the same period of the previous season, marking a large …

Hossam Mounir

Agreement between EG-Gate, DHL to support SMEs’ export logistics

In the framework of activating the national e-commerce strategy with the aim of establishing an integrated system to support the export logistics of micro, small, and medium enterprises, Egyptian Global Gate (EG-Gate), a company of Tahya Misr with contributions from the Ministries of Tourism, Aviation, and Communications, signed a memorandum of understanding with DHL to …

Mohamed Alaa El-Din

Russia lifts ban on Egyptian potato exports

Tarek Kabil, minister of trade and industry, announced in a press statement on Saturday that Russian authorities have agreed to lift the imposed ban on Egyptian potato exports from eight agricultural areas. He added that exporting from those areas will begin starting from 6 June. The minister added that the decision is the culmination of …

Nihal Samir

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