Industry News
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Egypt’s Raya Auto to locally assemble China’s XPeng EVs within 3 years
Raya Auto will bring XPeng’s P7i, G6, and G9 models to the market during the first half of the year — importing and distributing the cars.
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Egyptian beauty startup Mira raises $200,000
Cairo-based direct-to-consumer (D2C) beauty and wellness startup, Mira, has raised $200,000 from Wingoo Investment and Technology.
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PM inspects electricity distribution panel at “Fares” Village in Kom Ombo
This came as part of Madbouly visit on Saturday 20/01/2024 to a number of projects in Aswan.
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Chinese house appliance company builds new factory in Egypt
The construction of the factory will be completed in nine months, the SCZone said in the statement.
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Malta and Egypt agree on strengthening cooperation in energy sector
The agreement lays down the areas for possible cooperation between the two countries, seeking to increase the exchange of knowledge and expertise.
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First Vietnamese factory inaugurated in Egypt
Vietnam's European Plastics Joint Stock Company (EuP) has inaugurated a factory specialising in producing filler masterbatch in Sadat city.
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JV plans USD 100 mn investment to localize the production of Geely cars in Egypt
Auto Mobility will localize the assembly of Geely cars in Egypt,developing points of sales, and exporting to African and Middle Eastern markets.
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Egypt's Women Clothing Exports Reach USD 2.2 Billion in 2023
The sector’s exports to the European Union, the second largest market for Egyptian ready-made garments, rose by 6%.
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Egypt to launch world’s largest textiles factory in February
The Cotton and Textile Industries Holding Co, affiliated to the public business sector ministry, is finally getting ready to operate the factory.
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10 Key facts about Egypt's focus on prioritizing local industry
rime Minister Mostafa Madbouly highlighted the nation's determination to prioritize local industry, fostering economic growth and job creation.
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Egypt’s women’s clothing exports reach $2.2bn in 11M 2023
Spain was the top European importer of clothing, with a value of $116m in the first 11 months of 2023, compared to $87m in the same period of 2022.
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Egypt's zero-customs car import initiative sees demand surge
Egypt's zero-customs car import initiative has seen an influx in demand in the first two months of its second phase.
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Egypt’s FriendyM raises $2 million investment
According to the car data that the user registers through the application, "FriendyM" sends notifications to remind you of the car’s maintenance.
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Egypt, Bahrain bolster economic ties at Integrated Industrial Partnership meeting
Egypt's Minister of Trade and Industry Ahmed Samir held a meeting with his Bahraini counterpart Abdullah bin Adel Fakhro.
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Egyptian private equity firm Ezdehar Management acquires 80%+ stake in apparel company behind Dalydress and Premoda
Local private equity firmEzdehar Management has purchased above 80% stake in clothing company SETA Textiles.
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Egypt’s plastic products export reaches $1.7bn in 2023: CEC
The CEC announced the opening of the PLASTEX 2024 and the Egypt Plast 2024 exhibitions from 12 January and cover 30,000 sqm in three halls.
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Russian EVs producer Concordia to set up manufacturing factory in Egypt
Per the partnership, GV Investments will provide the plot of land needed for the project and construct the factory, reports say.
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Top 10 things you need to know about the new electricity prices
These new electricity prices are expected to have significant implications for both citizens and the economy as a whole.
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Egypt targets 10% increase in chemical, fertilizer exports in 2024
The North African country’s exports of chemicals and fertilizers exceeded $6 billion in 2023.
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Recent electricity price hikes to reduce sector losses to LE 75B: Egypt’s PM
On Tuesday, the Ministry of Electricity and Renewable Energy announced a 16-26 percent increase in electricity prices, effective from January 2024.