Industry News
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Egypt: Oriental Weavers posts over $44mln consolidated profits in 9M-23
Total assets hit EGP 22.45 billion in 9M-23, versus EGP 19.17 billion as of 31 December 2022.
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Egyptian Textile Brand Naseej Fabrics Unveils Keffiyeh-Inspired Cushions in Solidarity with Gaza
For many non-Palestinian Arabs, the Keffiyeh holds significant cultural value as an early symbol of Palestinian identity.
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Egypt has strong potential in automotive software, IC design industry: ITIDA CEO
Vehiclevo’s is one of the leading tier 1 suppliers of software and automotive technology serving the world's largest automotive manufacturers.
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Project: Supply of furniture
Qena: Supply of furniture and air conditioners under two contracts
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Projekt: Maintenance of Elevators
Beheira: Amendment of the deadline for the maintenance of 30 elevators in Damanhour University
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10 game-changers in Egypt's automotive industry
Strategic partnerships, investments, and a focus on eco-friendly technologies are placing Egypt at the forefront of Africa's automotive market.
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Top 10 furniture manufacturers in Egypt
The Egyptian furniture industry provides a significant contribution to the national economy and is currently navigating a challenging landscape.
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Thales inks Egypt cooperation agreement with Hassan Allam
The partnership is to deliver a smart digital platform business in Egypt and the wider Middle East North Africa region.
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MSMEDA invests LE 50M in Damietta’s furniture industry: MSMEDA CEO
MSMEDA has already injected more than LE 805 million into Damietta Governorate between 2014 and 2023, supporting around 30,000 small and micro project
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Qatar commits $1.5 billion investment in Egypt’s industrial sector
Al-Wathiq Billah's highlighted a 47% increase in trade volume between the two countries in 2022, although specific figures were not disclosed.
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Almost 32.5K companies founded in Egypt in FY2022/23
As a result, 1,555 companies injected more financing into expansion in the past fiscal year. Also, the flow of foreign investment exceeded $10 billion
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Egypt aims to boost petrochemical, fertilizer exports to Africa by 10% in 2024
Egypt plans to increase its exports of petrochemicals and fertilizers to African nations by 10 percent in 2024.
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Egypt, Volkswagen sign agreement to study building automotive zone in Port Said
Egyptian state entities signed an agreement with German automobile manufacturer Volkswagen to conduct a feasibility study for East PortSaid Zone.
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High interest rates impact car purchases in Egypt: Dr Greiche CEO
Greiche urged to encourage distribution after seeing the market to support suppliers for long-term success.
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How can we keep the Egyptian furniture industry flourishing?
Furniture manufacturing in Egypt is facing compounding issues that are challenging the centuries-old industry.
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Egypt signs four agreements for local car assembly
Egyptian government and auto manufacturing entities signed framework agreements with three local companies to cooperate in domestic car assembly.
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Mercedes-Benz officially launches its fully electric vehicle range in Egypt
The new all electric lineup entails six exceptional models with eight captivating variants, including the EQS, EQE, EQS SUV, EQE SUV, EQB, and EQA.
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Government support crucial for global reach in automotive industry: AAAM Vice President
African Automotive Forum kicked off earlier on Saturday at the third edition of the Intra-African Trade Fair, IATF2023.
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All you need to know about Egypt’s first electric car
A member of the Chamber of Commerce’s Car Import Division al-Abdul Salam Nusair explained that production of first electric car by Al-Nasr Automotive.
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Egypt: Elsewedy Electric’s consolidated profits hike 161% YoY in 9 months
The company also generated consolidated revenues of EGP 108.804 billion from January through September this year.