Industry News
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Egypt discusses detection systems with Smiths Devices, Saudi Arabia’s METCO
METCO and Smiths have been cooperating for many years in X-ray detection devices.
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Egypt's TCI Sanmar Chemicals plans $15mln investment in 2023
The company, a part of India’s Sanmar Group, is a significant player in Egypt’s petrochemical industry.
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What to know about Egypt’s first fashion week
Egypt will soon be joining the growing roster of international fashion weeks, as it prepares to host its first edition from May 12 to 15, 2023.
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Egypt, Italy discuss power linkage as interconnection with Cyprus, Greece progresses
Power transmitted from Egypt through a submarine cable would have a capacity of 2,000 megawatts.
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Application deadline for tax-free car import is 14 May
Maait added that the Egyptians abroad imported 600 cars under the initiative, and the total value of payment amounted to $385m so far.
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Egypt treasury gained $385 mln under special car-import deal for expats
The deadline for receiving requests to import cars under the initiative is 14 May, Maait stressed.
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Finance min.: Cars replacement initiative spearheaded in 15 governorates in 2 years
This falls within the framework of the government’s efforts to realize green transition and promote use of eco-friendly vehicles.
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Arab Cotton Ginning posts 16% higher consolidated profits in H1-22/23
Revenues increased by 5% year-on-year (YoY) to EGP 560.69 million in H1-22/23 from EGP 532.07 million, according to the initial financial results.
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Engineering industry's exports hit $ 626M in 1st 2 months of 2023
The exports of the sector increased in February by 6.3 percent to record 348 million dollars in comparison to 327 million dollars in February 2022.
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Abou Ghaly Motors ranks 1st in Africa, 6th worldwide as GEELY Auto agent for 2022
GEELY Auto recently announced the performance evaluation of its global agents for 2022.
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Cairo Begins Implementing Electricity Rationalization in Streets, Squares
The heads of neighborhoods to follow up periodically to rationalize electricity consumption in all buildings and facilities.
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Auto sales in Egypt plunge 76% YoY in February
Passenger car sales dropped by 78.4% YoY to 4,263 units during February 2023, compared to 19,700 in February 2022.
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10 things you need to know about Egypt Express Electric train
The high-speed electric train system will represent a significant leap in transportation in Egypt and serve the transportation of goods and people.
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Manufacture of Egypt's 1st express electric train begins
The train is scheduled to operate in Egypt, with a length of approximately 2000 km, on 3 lines linking all Egyptian cities.
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Egypt’s government grants golden licence to BSH Bosch and Beko Group
Egypt’s Cabinet agreed during its weekly meeting on Wednesday to grant the golden licence to BSH Bosch company and Beko Egypt Group.
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Egypt opens new textile factories in July: official
The textile factory project is being implemented the Holding Company for Cotton, Spinning, Weaving, and Clothes.
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Egypt Amends Controls for Pricing of Industrial Lands
The Egyptian Cabinet, approved a draft decision to amend a resolution regarding controls for the management and pricing of industrial lands.
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Egypt constructs first automotive city in Middle East
The new automotive city was established in a record time of about a year.
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First pics of Egyptian-Saudi power linkage project emerge
Egypt Today has taken the first pictures of the Egyptian-Saudi power linkage project showing concrete bases for transmission towers in Badr City east.
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Egypt’s Eagle Chemicals raises offer for Pachin amid bidding war with UAE’s National Paints Holding
Eagle Chemicals is now offering to purchase at least 75% of Pachin for EGP 37.00 per share, EGP 1.00 higher than the bid NPH put.