Trade minister: Egypt-US economic ties improving
Trade and Industry Minister Tareq Qabil
Cairo - MENA
Trade and Industry Minister Tareq Qabil said Saturday that economic relations with Washington are witnessing a quantum leap.
President Abdel Fattah El Sisi's visit to the US is sure an important step toward further improving the partnership between the two countries, Qabil said.
He put the volume of trade exchange between Egypt and the US at about five billion dollars in 2016.
Egyptian exports to the US upped by six percent to reach 1.493 billion dollars compared with 1.405 in 2015, the minister said.
Egypt's imports from the US declined in 2016 by 26 percent to 3.506 billion dollars down from 4.752 billion dollars in 2015, he added.
Qabil made it clear that Egypt was the US' biggest investment partner in Africa and its second biggest partner in the Middle East, coming just after the UAE, in 2015.
Direct US investments in Egypt made up 33 percent of America's total investments in Africa in 2015, Qabil noted.
GMT 13:11 2017 Thursday ,23 November
Business team to head for Djibouti soon to probe logistic zoneGMT 09:02 2017 Tuesday ,04 July
Sisi's visit to Hungary promotes Egyptian economicGMT 12:59 2017 Wednesday ,28 June
Egypt signs new contractsGMT 13:39 2017 Tuesday ,13 June
Sisi keenness on meeting int'lGMT 21:19 2017 Thursday ,04 May
Trade min., IMF team review 2nd tranche of $12bn loanRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 12:30 2018 Friday ,14 December
Noriaki Kasai: 30 years of World Cup ski-jumping
GMT 12:01 2018 Tuesday ,09 January
Bacteria makes blue jeans green
GMT 22:59 2017 Friday ,02 June
Human Rights Committee calls for investigating
GMT 18:35 2018 Thursday ,25 October
South Sudan frees five political detainees
GMT 06:52 2017 Thursday ,16 February
Infectious Diseases Kill 1,121 in China in January
GMT 08:49 2017 Wednesday ,19 July
French military chief upbraided by Macron quits
GMT 04:48 2017 Thursday ,29 June
570 accidents in Ras Al Khaimah during Eid holiday
GMT 21:31 2017 Monday ,08 May
Exchange rate stable at major Egyptian banksGMT 17:29 2011 Wednesday ,13 April
Desperate Housewives stars to be paid \'£12million each\'
GMT 08:09 2018 Saturday ,13 January
Marvel creates Chinese superheroes
GMT 08:42 2018 Friday ,12 January
Global shift' as Olympics set up shop
GMT 12:25 2018 Thursday ,04 January
Tokyo's Nikkei index closes up 3.26% on first trading day of 2018
GMT 09:03 2016 Friday ,05 August
UC researchers probe how sunflowers move by clockGMT 11:50 2011 Wednesday ,22 June
pop-porn will damage a generation of children
GMT 09:20 2017 Monday ,14 August
Meet the Muslim Miss Universe starGMT 04:28 2012 Wednesday ,22 February
luxurious villa Castillo
GMT 08:58 2017 Sunday ,26 November
Human form of 'mad cow' disease
GMT 06:58 2017 Tuesday ,25 July
'Despacito' singers slam Maduro for 'illegal' useGMT 15:41 2011 Friday ,27 May
Al Jasmi in Malaysia
GMT 08:47 2017 Thursday ,21 September
Kingdom’s sports authority chief announces
GMT 09:38 2017 Sunday ,10 September
Hot weather but humid at times with some clouds
GMT 13:00 2017 Saturday ,30 September
Hind Sabry presented model of strong woman
GMT 09:37 2017 Monday ,18 December
Actress Menna Fadali reveals her health problem
GMT 07:01 2017 Monday ,20 November
US 1960s cult killer Charles Manson dead at 83GMT 02:16 2011 Sunday ,10 April
Migration\'s victims
GMT 09:01 2017 Monday ,13 November
Purists alarmed over moves to make French less machoGMT 14:46 2011 Friday ,28 October
South African utility gets loan for renewable energy projects
GMT 20:41 2016 Sunday ,24 July
UAE, South Korea sign Operating Support Services pact for Barakah Nuclear Power Plant
GMT 19:44 2017 Tuesday ,28 March
Lufthansa subsidiary Eurowings to serve over 30 European destinations
GMT 11:24 2016 Thursday ,10 November
ADNOC to expand use of EOR and ERD technologies to maximise value of resources
GMT 20:17 2017 Monday ,20 March
Laila Elwy happy for being ambassador of Bahia institution
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor