INSEAD Day 4 - 728x90

Economy

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

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

    Environment Agency – Abu Dhabi issues marine water quality policy

    ABU DHABI,  UAE – The Environment Agency – Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to…

    NYU Abu Dhabi team develops wireless pill to control gut neurons

    Abu Dhabi, UAE — Researchers at NYU Abu Dhabi (NYUAD) have developed an ingestible device that uses light to activate neurons in the gut. This new technology, called ICOPS (Ingestible…

    EVs just the start, urban mobility needs a holistic approach

    Cities must adopt EVs alongside shared transport, robust infrastructure, clean energy, and inclusivity, says Jamie Wylie, an urban mobility expert.

    Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

    Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare.

    The future of wellness hospitality: From short escapes to lifelong longevity

    In recent years, wellness travel has evolved from a niche pursuit to one of the most dynamic sectors in global tourism. What began as an occasional escape from stress has…

    INSEAD Day 4- 300x600
    INSEAD Day 4- 300x600
    [adinserter block="4"]