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Economy

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE Egypt’s top trading partner in Middle East with $4.11 billion trade

By TRENDS Desk
June 28, 2021 5:00 am

    • The UAE is also the largest foreign investor in Egypt, as it contributes to projects with capital exceeding $7bn

    • Egypt’s exports to the UAE were $2.882bn in 2020, compared to $2.51bn in 2019

    The volume of trade between Egypt and the United Arab Emirates shot up to $4.11 billion in 2020, compared to $3.356 billion in 2019, according to the Egyptian minister of trade and industry Nevine Gamea.

    This has made the UAE the largest trading partner of Egypt, the minister added.

    The UAE is also the largest foreign investor in Egypt, as it contributes to projects with capital exceeding $7bn.

    Egypt’s exports to the UAE were $2.882bn in 2020, compared to $2.51bn in 2019.

    On Sunday Gamea met with Hamad Saeed Al Shamsi, the UAE’s new Ambassador to Egypt, to discuss enhancing cooperation between the two countries in economic cooperation.

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    INSEAD Day 4- 300x600