Industry News
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Egypt approves MoU with Norway to explore connecting electricity grid to Europe
The Egyptian cabinet approved an MoU with Norway, signed in November, to study connecting Egypt’s electricity grid to Europe through Italy.
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Toyota Tsusho is exploring establishing a car factory in Egypt
Toyota Tsusho, a Japanese car maker, announced plans to establish two car factories in Africa, with an annual production capacity of 100k cars each.
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Egypt raises fees for triptik vehicles
The Egyptian Customs Authority has increased the fees of imported cars with a temporary release system, known as triptik vehicles.
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Africa's fastest growing companies 2023: A look at the top 100 companies
Only 4 Egyptian companies are among the top 50 companies in Africa.
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UAE’s National Paints officially acquires state-owned Pachin in a $25m deal
National Paints Factories previously submitted a compulsory purchase offer to the FRA to purchase up to 100 percent of the shares Pachin.
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Project: Automotive spare parts
Cairo: Supply of tractor spare parts
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Egypt’s passenger car sales drop 76% YoY in March
Nissan topped the best-selling passenger car brands in March with a market share of 33%, accounting for 1,515 cars, AMIC added.
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Egypt signs deal with Korean Dae Sun to build two multi-purpose MPC14K ships
Egypt's Alkahera Company for Ferries and Maritime Transport signed on Monday a contract to build two multi-purpose MPC14K ships with South Korea.
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Saudi Arabia’s United Electronics Co. shelves plans for Egypt expansion
The expected negative financial impact of shelving the expansion in Egypt is about SR38 million ($10.13 million), the company said in a statement.
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Uflex: Indian film producer sets up PET production in Egypt
Indian packaging film manufacturer Uflex is planning to build a PET production plant at the Egyptian petrochemical site Ain Sokhna.
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PM tours number of factories in 10th of Ramadan city
Prime Minister Mostafa Madbouly kicks off Saturday a tour to inspect a number of factories in the city of 10th of Ramadan in Sharqiya governorate.
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Samco Holding to launch its first projects in the Egyptian market at EGP 15bn investments
Eng. Saddam Al-Sayed: The group owns companies operating in the contracting and industrial sectors.
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Egypt's South Helwan Power Station project won Abdul Latif Youssef Al-Hamad Development Award
The award is presented to the best economic and social development project in the Arab countries.
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Top five upcoming petrochemical complexes in Africa
Two of the five are in Egypt, while the other three are in Nigeria.
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Pachin stock closes near highest acquisition bid price
The company’s stock closed near the highest bid price, reaching EGP 39.08 per share, by the end of Wednesday’s trading session.
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Egypt: Sidpec announces 2022 cash dividends
Sidpec will pay out EGP 0.50 per share on 17 May, while the remaining EGP 0.40 will be disbursed on 4 October 2023.
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76.4% percentage of patents granted to Egyptians by Egyptian Patent Office in 2022
Number of applications submitted for trademarks reached (30423) in 2022, compared to (36955) applications in 2021, a decrease by17.7%.
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Egypt converted 50,000 cars to bi-fuel models in first 9 months of FY2022/23
The Egyptian government converted around 50,000 cars to run on gasoline and natural gas between July 2022 and March 2023.
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105k Egyptian expats register for tax-free car import initiative
There are only 19 days left until the end of the initiative and it will not be extended, Maait added on Tuesday.
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SCZone announces localizing number of new industries in coincidence with Sinai liberation celebrations
The authority added El Arish port is the sole maritime outlet in North Sinai, where Sinai products are exported, according to the statement.