Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Economy

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

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.

    [adinserter block="5"]

    Most Read

    UAE’s working mothers get extended maternity leave

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

    Getting vaccinated is ‘the most patriotic thing’ to do

    The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

    Energy deals top list as Bahrain issues $1.6bn tenders in Q1 2021

    Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m     Bahrain…

    Saudi Arabia to generate $150 billion in investments from its new transport policy

    The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

    Dubai’s Shuaa plans SPACs worth $600 million

    Shuaa Capital plans to set up three blank-check companies of around $200 million each.

    [adinserter block="4"]