Industry News
-
Why is Egypt going back to Daylight Saving?
After years of canceling daylight saving time, Egypt will apply it on 28 April. What are the reasons that made the government decide this?
-
Egypt's 2nd line of electric train to have high-speed, normal-speed, freight trains
The number of trains to be operated will be 20 on the high-speed line, 48 on the normal-speed line, and 20 on the freight line.
-
Suez Shipyard Succeeds in Repairing Severe Damage in Giant Dry Bulk Ship
Earlier, the cargo ship was exposed to a collision accident that resulted in severe damage to the stern of the ship.
-
Tax-free car import initiative for Egyptian expats receives $500m worth of payments
Maait added that 100,000 Egyptians residing abroad have registered electronically to benefit from this initiative.
-
Nigeria-based Autochek acquires majority stake in Egypt’s Autotager
AutoTager is an Egyptian automotive technology company that makes it easier to find and buy cars.
-
Egypt’s First Railway Tracks Factory Will Be Built in Ain Sokhna
The new factory is set to start production by the end of 2023, and is expected to not just cover the country’s railway track needs, but export too.
-
Project: Supply of traction equipment
Cairo: Supply of traction equipment for Automotives
-
Egypt attracted $500 million from expat customs-free car import initiative
The minister shed light on the recent facilitations issued under the initiative, which include cutting customs tax by 70 percent.
-
Competition for Pachin acquisition sparks controversy over fair value of its stock
National Paints is competing against Eagle Chemicals which increased its offer to about EGP 39 currently.
-
EGYBEAUTY EXPO kicks off on 13th of May
It is expected that the number of visitors will reach more than 15,000 visitors of different nationalities.
-
Global electronic manufacturers expanding into Egypt
Several global manufacturers are building factories and expanding in Egypt, injecting millions of dollars in the market.
-
Fashion Week finally comes to Egypt!
The Egyptian Fashion & Design Council will present the first-ever Egypt Fashion Week, titled “Past, Present & Future” from May 12 to 15, 2023.
-
80 Swiss companies operate in Egypt: ambassador
In a meeting of the Egyptian-Swiss Business Association, it was stated that the number of Swiss companies operating in Egypt amounted to 80.
-
Cabinet approves additional incentive for wheat farmers in Egypt
On January 19th, Prime Minister Mostafa Madbouly said that the cost of wheat subsidies would increase to EGP 95 billion by the end of the year.
-
Japan’s Sumitomo to build $100mln factory for EVs wiring harness production in Egypt
The project is planned to extend over an area of 150,000 square meters under the free zone system.
-
PM reviews development progress in Damietta Furniture City
Prime Minister Moustafa Madbouli chaired a meeting on Tuesday11/4/2023 to follow up development efforts in the Damietta Furniture City (DFC) project.
-
PDS may invest up to ₹225 cr in India, Egypt to service US mkt
The move will help PDS expand its US business, which requires sourcing units closer to the West.
-
Indian company lays cornerstone for $110mln PET factory in Egypt
The company is setting up a polyester resin manufacturing plant in Egypt at a total investment of $110 million.
-
Egypt in a race against time to restore merchant fleet
Egypt’s Transportation Ministry is currently working on restoring the Egyptian merchant fleet under the directives of President Abdel Fattah El-Sisi.