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Egypt, Turkey mull local currency trade. PLUS: News from Rology, Taqa x Aman, and Telecom Egypt
Egypt wants to boost trade with Turkey by 50% to USD 15 bn in five years
Egypt buys 170k tons of wheat in int’l tender
State grains buyer GASC has purchased the grain from Romanian and Bulgarian suppliers
Global trade suffers biggest slump since covid as rate hikes bite
Trade volumes fell 3.2% y-o-y in June, according to new figures
The IDA has a new (temporary) head
The deputy chair of the Industrial Development Authority, Nahed Abdou, has been appointed acting chair following the appointment of her…
Infinity to charge BMW EVs in Egypt. PLUS: Africa tariff cuts ratified, onion export ban, another wheat buy, and a West Cairo BRT could be in the making.
Infinity aims to increase its charging stations to 300 by 2024
OPEC Fund to help Egypt fund commodities imports. PLUS: AUC receives USAID grant
The fund is contributing to the ITFC’s USD 200 mn loan to fund commodity imports
Abu Dhabi’s export finance agency is funding more Emirati exports to Egypt
The agreement comes less than a month after ADEX agreed to finance Emirati wheat exports to Egypt
Our Manufacturer of the Month: Oriental Weavers
Oriental Weavers exports some 70% of its products to major retailers including Ikea and Walmart.
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