Industry News
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Chinese Dongfeng introduces E70 EVs in Egypt
The new car was introduced to the local market at a press conference over the weekend.
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All you need to know about Egypt’s Grand Astronomical Observatory
Last week Egypt announced plans to construct in Sinai the largest astronomical observatory in the Middle East and the Mediterranean.
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42,000 apply to tax-free car import initiative for expats
Maait confirmed that the recent facilities approved by the Cabinet will continue, including cancelling the deposit before the transfer.
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Egypt Interleather 2023: A great success
Egypt's leather and leather products exports have increased by 47.2 percent in the first two months of 2022, registering $16.4 million.
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Egypt launches Horus 1 satellite for remote sensing from China
Egypt and China are also establishing a center for assembling, integrating and testing satellites.
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Multi-million-dollar deals to be signed for UAE, Egypt, Jordan, Bahrain projects
Under the partnership, the member states will collaborate to grow their respective industrial sectors by integrating resources and industries.
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Social solidarity min. inaugurates ‘Diarna’ handicrafts exhibition
Social Solidarity Minister Nevine al-Qabbaj on Friday opened the “Diarna” exhibition for handicrafts.
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Turkish Beko injects $100m in its projected plant in Egypt
The project is expected to strengthen Beko’s presence in the local market, offering it a variety of high-quality and innovative home appliances.
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IDEX 2023: Egypt takes COTS route for protected vehicles
The Temsah-4 armoured vehicle is based on a Mercedes-Benz chassis to reduce through-life costs and features scalable protection levels.
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Egypt signs 3 binding agreements to pump $145M investments in automotive sector
The three companies (Nissan, General Motors and the French Stellantis Group) will deliver an average of 60 to 70 thousand cars annually.
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Saudi Shura Council approves MoU with Egypt on electricity, renewable energy
MoU was okayed during the council’s 22nd regular session held on Tuesday under the chairmanship of its Deputy Speaker Dr. Mishaal bin Fahm Al Salmi.
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Oriental Weavers Group announces its strategic partnership with Hayah International Academy
The 9th Art Competition featured 800 artworks produced by 40 schools’ most creative and talented students.
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Egypt’s gov. seeks to localize electric vehicles industry
It also noted that the public sector companies are committed to annually replace 5 percent of their vehicles by locally-made electric ones.
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Finance minister says 42,000 expats apply to import cars for personal use
As many as 13,000 payment orders worth about $202 million have been issued, as well as 2,900 import approvals, the minister made it clear.
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HAL, Egypt Tejas aircraft contract in the works
HAL will supply 35 Tejas LCA Mk-1A to Egypt, as well as provide a complete transfer of technology (ToT) for Egypt to produce the aircraft locally.
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Egypt to build the largest astronomical telescope in the country
Kottamia Observatory is the largest telescope in the Arab world, the Middle East and North Africa, established in 1964.
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How long do Egyptian cotton sheets last?
The durability of Egyptian cotton comes from its unique construction crafted from extra-long staple fibers that were picked by hand in Egypt’s Nile.
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Finance launches initiative to provide 150 billion pounds to fund agricultural, industrial production
The government plans to increase the proceeds of exports to 100 billion dollars, to strengthen the structure of the national economy.
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Egypt, Italy may sign $3.5bln power link deal in June
It will be one of the largest interconnection projects in Africa.The project is expected to cost nearly $3.5 billion.
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Egypt: Arab Cotton Ginning’s standalone profits shrink 80% in H1-22/23
The revenues totalled EGP 24.60 million as of 31 December 2022, a 22% year-on-year (YoY) decline from EGP 31.41 million.