Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

Egypt’s exports to China increase by nearly 21 percent in 2022

Fuel, mineral oils and distillate products, cotton, and fruits made up the top 10 categories of goods that Egypt shipped to China. (WAM)
  • The trade exchange between Egypt and China increased by 2.6 percent during the first 11 months of 2022, reaching $14.9 billion.
  • Fuel, mineral oils and distillate products, cotton, and fruits made up the top 10 categories of goods that Egypt shipped to China.

Cairo, Egypt — Egyptian exports to China rose by 20.8 percent to $1.7 billion in the first 11 months of 2022, up from $1.4 billion in the same period in 2021, Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) said.

The trade exchange between Egypt and China increased by 2.6 percent during the first 11 months of 2022, reaching $14.9 billion compared to $14.5 billion during the same period in 2021, Egyptian media reports said, citing a CAPMAS statement.

Fuel, mineral oils and distillate products, cotton, and fruits made up the top 10 categories of goods that Egypt shipped to China in the first 11 months of 2022, totaling $1.3 billion, $104.3 million, and $76.8 million respectively.

Meanwhile, Egyptian imports from China totaled $13.2 billion in the first 11 months of 2022, up from $13.1 billion in the same time in 2021, representing a 0.6 percent rise.

The top 10 commodity categories that Egypt imported from China in the first 11 months of 2022 include organic chemical goods worth $868.5 million, and equipment and electrical gadgets worth $2.6 billion.