Search Site

Trends banner

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Egypt records 13 percent jump in food exports in first half

    • Saudi Arabia was the largest importer of Egypt’s food products

    • Arab countries topped Egypt’s food export market destinations with a value of $1.090 billion

    Egypt has reported a 13 percent year-on-year increase in its food exports to $2.052 billion in the first half of 2021, compared to $1.820 billion, according to the data released by the Food Export Council on Monday.

    Over the course of the January-June period, March witnessed the highest value of food exports with a value of $382 million, while May saw the largest growth of 45% to $351 million.

    Arab countries topped Egypt’s food export market destinations with a value of $1.090 billion or 55%, followed by the European Union (EU) with $340 million or 14%.

    Saudi Arabia was the largest importer of Egypt’s food products with a value of $157 million, followed by the US with $110 million and Libya with $104 million.

    During the six-month period, the council sent trade missions to Sudan, Uganda, Tanzania, and South Sudan in a bid to boost exports to African countries.