Egypt-UAE Economic Relations Witnessed Unprecedented LeapSource: www.export-egypt.com 9/25/2017, Location: Africa |
|
|
|
|
 Minister of Trade and Industry Tarek Qabil asserted that the Egyptian-UAE relations are strategic and deeply rooted at the political, economic and social levels, noting that economic relations in particular have recently witnessed an unprecedented leap due to the joint development projects that serve the interests of both countries.
The minister's remarks were made before leaving for Abu Dhabi as part of the delegation accompanying President Abdel Fattah El Sisi who embarked on a two-day official visit to UAE. He said UAE has been supportive of the Egyptian economy over the past period, noting that such backing has positively reflected on the development projects in the basic economic sectors. Egypt's exports to UAE in the first half of the current year hit dlrs 1.204 billion compared with dlrs 1.126 billion in the same period of the past year, recording an increase of seven percent, the minister added. Trade balance tilts in favor of Egypt as it recorded dlrs 735 million in the current year, compared with dlrs 685 million in the year before, the minister explained. Qabil also said the UAE market ranked first on the list of countries that have established investments in the Egyptian market with a total investment value of dlrs 6.2 billion distributed over 868 projects in the communication, banks, real estate, tourism and information technology fields. Egypt's main exports to UAE include appliances, furniture, fruits and vegetables, foodstuff and medical products and supplies, he added |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
