Egyptian exports to EU increase by 38% in eight months

Short Url
Updated 07 November 2021
Follow

Egyptian exports to EU increase by 38% in eight months

CAIRO: Egypt’s exports to the EU increased by 38 percent in the first eight months of 2021, reaching nearly $4.74 billion, Egypt’s Minister of Trade and Industry Nevine Gamea said on Saturday. 

Gamea said the increase was the result of high demand of Egyptian products from 23 European countries including Italy, Spain, Germany, and the Netherlands.

Fruits, electrical equipment, textiles and clothing, glass products, cotton, and ceramics were also in high demand in the EU countries, she said. 

Egypt exported iron and steel exports worth $608.19 million, aluminum ($308.08 million) and organic chemicals worth $139.66 million, according to data released by the ministry. 

The head of the Egyptian Commercial Services, Ahmed Maghawry, said that Egypt's exports of plastic products, fertilizers, aluminum, iron and steel, and organic chemicals recorded a remarkable increase. 

Egypt is keen on boosting trade cooperation with the EU, being “Egypt’s biggest trading partner,” the minister said.

 


Closing Bell: Saudi main index climbs to 10,485 

Updated 21 December 2025
Follow

Closing Bell: Saudi main index climbs to 10,485 

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Sunday, gaining 34.32 points, or 0.33 percent, to close at 10,484.59. 

The total trading turnover of the benchmark index stood at SR2.59 billion ($690 million), with 168 listed stocks advancing and 87 declining. 

The Kingdom’s parallel market Nomu also gained 100.37 points to close at 23,454.65. 

The MSCI Tadawul Index advanced by 0.13 points to 1,377.44. 

The best-performing stock on the main market was Nama Chemicals Co., whose share price increased by 9.98 percent to SR22.38. 

The share price of Al Masar Al Shamil Education Co. rose by 9.15 percent to SR23.85. 

Saudi Paper Manufacturing Co. also saw its stock price climb by 8.42 percent to SR57.95. 

Conversely, the share price of Canadian Medical Center Co. dropped by 6.37 percent to SR6.03. 

The stock price of Kingdom Holding Co. also declined by 3.16 percent to SR8.28. 

In the parallel market, Alfakhera for Mens Tailoring Co. was the top performer, with its share price advancing by 16.40 percent to SR8.80. 

On the announcements front, Theeb Rent a Car Co. said it had signed a long-term vehicle leasing services contract valued at SR110.4 million with Hungerstation Co. 

Under the deal, Theeb will lease 2,000 vehicles to HungerStation for a period of four years starting from 2026, according to a Tadawul statement. 

The statement added that the vehicles will be delivered in batches within the first six months from the contract start date, taking into consideration global logistical circumstances and procedures beyond the control of both the agents and the company. 

The contract is expected to have a positive impact on the company’s financials from the first quarter of 2026. 

The share price of Theeb Rent a Car Co. declined by 0.79 percent to SR37.80.