Industry News
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EBRD to provide Egypt with €165 loan to develop electricity grid
The European Bank for Reconstruction and Development (EBRD) is to grant a €165 million loan to Egypt to finance the upgrade of the electricity grid.
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Amid rising demand, what are the challenges facing the elevator industry in Egypt?
The elevator industry — a niche but critical sector — has been under pressure because of the FX shortage and import restrictions
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Anchorage Investments to develop $2.5bln petrochemical project in SCZONE
The project aims to contribute to GDP growth, increase foreign direct investments, and support the petrochemical sector in Egypt.
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Localizing the Electric Car Industry fits Egypt's Vision to Lower Import Expenditures: Official Statement
This comes within the framework of the directives of President Abdel Fattah Al-Sisi, to localize the industry locally.
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Private sector to sell electricity before end of 2023
The private sector in Egypt will commence the sale of electrical power before the end of 2023, as confirmed by the Minister of Electricity, Mohamed Shaker.
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FRA reviews compulsory purchase offer submitted to Dice Sport & Casual Wear
Egypt's Financial Regulatory Authority (FRA) is reviewing a compulsory purchase offer for a portion of capital shares of Dice Sport & Casual Wear. The cash price per share set at LE 0.65.
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From Vision to Reality: Egypt's booming electronics sector sees 7 Key projects
Egypt's Ministry of Communications and Information Technology has unveiled several initiatives, including seven key projects, investing EGP 643 million to strengthen its electronics manufacturing sector.
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"Our Heritage" Handicrafts Exhibition to Kick off on Oct.8
The participants will display various traditional handicrafts that characterize each of Egypt’s governorates.
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Egypt to offer stakes in state-owned petrochemicals within 2 months
The government will offer shares in state-owned petrochemical companies and Wataniya fuel stations in the next two months.
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Better Cotton And Cotton Egypt Association Inaugurate Renewed Strategic Partnership At Multistakeholder Event In Cairo
Participants discussed opportunities to collaborate and what is required to increase the uptake of more sustainable Egyptian cotton.
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10 facts about the current state of the automotive industry in Egypt
The automotive industry and market in Egypt witnessed several challenges amid global and local crises and market fluctuations.
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2nd Egypt Fashion Awards Winners Announced
The winners of the 2nd edition of the Egypt Fashion Awards were announced in a ceremony at the Mall of Arabia.
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Up to 17 million Egyptians receive electricity for less than a quarter of its price: President Sisi
President Abdel Fattah al-Sisi stated 17 million Egyptians receive electricity at significantly subsidized rates.
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TNA revolutionises potato product supply for the Egyptian Army
TNA has delivered two cutting-edge complete production lines for potato products. Specifically designed for Hash Browns and Rosti.
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Egypt to save $3.5 bln annually from power cuts: El-Sisi
Egypt could save EGP 108 billion ($3.49 billion) annually through the daily power-cut plan that commenced in July, President Abdel-Fattah El-Sisi said
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Load reduction measures will continue indefinitely, Egypt's Electricity Ministry confirms
Egypt's Electricity Ministry reveals indefinite continuation of load reduction measures. No set date for ending the outages.
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Military Production Minister posted on progress in ongoing projects
The minister said the meeting is aiming to discuss the latest developments of joint projects being carried out by the ministry’s companies.
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Highlight: 20 decisions to increase industrial investment in Egypt
The Egyptian government has taken a decisive step towards sustainable industrial development. They aim to deepen and localize industry, grow local supply chains, and facilitate interactions.
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Egypt’s bold step towards electric vehicles
The Egyptian Cabinet granted a golden license to EgyptSat Auto, a private local auto manufacturer, to establish and operate a factory for EVs.
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Egypt and India expand trade relations
India is the fourth largest trade partner of Egypt. Bilateral trade rose by 13.7% to $6 billion in 2022. India championed Egypt's BRICS inclusion.