Industry News
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Industry minister lauds role of digital transformation in boosting competitiveness of production sectors
Samir was speaking during a conference organized by Obeikan Digital Solutions to announce future plans of the company in the Egyptian market.
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Government approves initiative to support industry, agriculture with 11% interest rate loans
Egypt’s cabinet approved the main framework of a new five-year initiative to fund industrial and agricultural sectors projects with 11% interest loans
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SIDPEC intends to implement acquisition of Ethydco in 3Q 2023
The Board of Directors of SIDPEC approved the operating budget for the fiscal year 2023, with targeted profits after tax of EGP 889.642m.
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Egyptians to access electricity services via app as ministry finalizes unified platform
The Egyptian Electricity Holding Company has developed a plan to develop all customer service centers throughout the Republic.
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Egyptian exhibitors return to international fairs
The organisers of the international Heimtextil trade fair report success: 2400 exhibitors from 59 countries. Egypt was represented by 18 companies.
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Sisi directs to proceed with comprehensive development of Sinai
He underlined the importance of increasing agricultural lands in central and north Sinai as well as urban and production projects.
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Egypt to launch new initiative to support agricultural, industrial production sectors
The idea behind the initiative is to enhance local production by focusing on priority sectors, especially the industrial and agricultural sectors.
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Egypt to adopt LE 150B initiative to back production sectors, cut loans’ interests
The initiative will come into effect after the cabinet’s approval this week, the Cabinet said in a statement on Wednesday.
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Egyptian textile companies at the trade fair Heimtextil
2400 exhibitors from 59 countries came to world's leading textile fair. Egypt was represented by 18 companies.
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Egypt launches initiative to support industry with 150 billion pounds
Mohsen stressed the need for the government to expand initiatives to support industry and deepen local industrialization.
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Oriental Weavers exhibits an unparalleled 2023 collection at DOMOTEX Hannover Fair
After a three-year-long of absence due to Covid-19 restrictions, DOMOTEX returns this year to offer a world of opportunities.
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El Molla tours the future mineral forum exhibition in Riyadh
The exhibition involved an area for presenting the latest mining techniques currently and in the future in addition to an outdoor area.
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B.TECH and CIB conclude the first securitized bond issuance worth EGP1.038bln
This issuance comes as part of a short-term EGP 5 billion securitization issuance program over two years.
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Deadline for customs-free car import initiative not to be extended
According to figures from the Central Bank of Egypt, foreign reserves registered $34 billion in December 2022, down from $40.9 billion in February.
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Yasmin Fouad: Abo Rawash waste project pioneering experience for generating electricity
At investments worth $120 million, the project, located in Abo Rawash, contributes to reducing the level of waste by producing electric energy.
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Arab Cotton Ginning’s consolidated losses shrink 1,843% in Q1-22/23
In the July-September 2022 period, the company’s standalone net losses enlarged by 56% year-on-year.
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Egypt, Greece mull naming int’l consultant for joint power linkage project
Shaker said 2,000 megawatt can be exchanged through the electricity interconnection project between Egypt and Greece.
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Egypt establishes its first global city for trade of new, used cars
The global city will include a free zone and a used car sale area, the agency complex area, traffic offices, car showrooms, and services.
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Egypt ready to fulfill Sudan electricity needs
Egypt provides Sudan with 80 megawatts. This amount is due to increase to 300 megawatts and later to 1,000 megawatts.
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India to secure fertiliser raw material from Morocco, Egypt
Indian companies are expected to set up DAP and NPK plants in both countries.