Industry News
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WTC partners with Ghandour Auto to enable online booking, import of cars
Walid El Ghandour mentioned that Egyptians abroad can use this service to buy their cars and send them to Egypt with simple steps.
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Egypt’s Leap into the Future of Sustainable Transportation
Electric vehicles are no longer a distant dream for Egypt, as the nation gears up to launch its first electric car, the Nasr e70.
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Project: Automotive spare parts
Cairo: Supply of automotive spare parts under two contracts
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Prices of home appliances expected to rise following a climb in input prices
Factories manufacturing in Egypt are facing a surge in steel prices, with the most recent increase by Ezz Dekheila Steel Company (Ezz Steel).
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Egypt's finance minister confirmed that the country will implement financial policies that support the industrial sector
Egyptian Finance Minister Mohamed Maait mentioned the launch of a national programme for the production of environmentally friendly cars.
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Sphinx Glass Partners with DFI in Egypt under Exclusive Distribution Agreement
Sphinx Glass to introduce DFI glass coating technology in Egypt and the Mediterranean North African region.
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Egypt’s MOIC launches Hafiz platform to support private sector
The platform will offer a range of 75 services, both financial and non-financial, from 20 different development partners to businesses in Egypt.
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ADNOC to acquire Nassef Sawiris’ OCI stake in Fertiglobe for $3.62 bln
The UAE’s ADNOC has reached an agreement to purchase Nassef Sawiris’ European chemical producer OCI's entire stake in Fertiglobe for $3.62 billion.
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Egypt’s SCZONE attracted $1.7 billion in industrial investments in 2023: Official
The Suez Canal Economic Zone (SCZONE) has attracted more than $1.7 billion in industrial investments since the beginning of 2023.
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Egypt allocates EGP 100.7 billion to manufacturing industries sector in FY2023/24
The Egyptian government has allocated EGP 100.7 billion in investments for the country's manufacturing industries sector during the current FY.
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Egypt's Power Cuts to Be Lifted during Presidential Elections
The ministry has full capacity to provide power for the entire country during the presidential elections, coinciding with the decline in consumption.
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MSMEDA bolsters cooperation with Arab, African nations to aid entrepreneurs
Rahmi’s remarks came during his attendance at the summit of African Ministers responsible for emerging enterprises in Algeria.
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EDEX 2023: Egypt’s AOI, France’s Safran Engines sign agreement for aircraft engine maintenance, manufacturing
This agreement marks a significant step forward in Egypt’s localization of advanced manufacturing technologies in the defence industry.
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Schneider Electric and Redcon Properties Forge Sustainable Partnership in Egypt
This landmark agreement signifies a significant stride toward creating a blueprint for smart and sustainable communities within Egypt.
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Egypt's Suez Canal Authority to co-establish boat manufacturing company
Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats.
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Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Other investors that participated in the round include Dutch Founders Fund, Aditum Ventures, LoftyInc Capital and other local and global investors.
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Egypt’s PMI for non-oil business rises in November for sixth time in 2023
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector rose slightly in November to 48.4 points compared to 47.9 points in October.
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China’s Befar wants to build USD 2 bn chemicals production complex in Egypt
The first phase of the project is expected to cost USD 500 mn and will be powered by solar and wind energy.
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What the government is doing to boost Egypt’s marble + granite industry
The broad majority of the marble + granite industry is concentrated in the Shaq El Tebaan in Maadi’s Tora area, east of the Autostrad road.
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Egyptian engineering exports surge 8.5% to $3.5bn in 10M 2023
The EECE’s monthly report highlighted that engineering exports in October 2023 alone achieved a remarkable 22% growth.