Industry News
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AOI inaugurates first gas stove safety valves production line in Egypt
The ABD aims to supply valves to the local market to meet the increasing demand, in addition to exporting to Arab and African countries.
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Egypt and EIB discuss bolstering partnership and collaboration in electricity sector
Discussions during the meeting centered on identifying opportunities for collaboration between the ministry and the EIB.
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Egypt's imports of consumer goods decrease by $7.8 M in May 2024
Egypt's overall imports decreased by 5.1 percent in May 2024 to $7.38 billion from $7.77 billion in the same month of the previous year.
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PM: We are keen on supporting national industry
Prime Minister Mostafa Madbouly asserted the state is keen on supporting and encouraging the national industry and solving any investor problems.
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11 main objectives of Egypt's national initiative 'Ebdaa'
The initiative aims to rely on local products and reduce imports, by enhancing the role of the national private sector.
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Egyptian consortium seal $660 mln deal to establish Alexandria Supply Chain Company
The project will be implemented with 100 percent Egyptian capital with investments reaching $660 million.
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Power cuts are set to return to Egypt starting September 15
Egyptian Minister of Electricity, Mahmoud Essmat, affirmed that the load shedding plan, which was suspended on July 20.
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English Shard Capital considers $7 bln petrochemical project in Egypt
The Ministry of Petroleum and Mineral Resources stated that the English company Shard Capital proposed building a petrochemical complex.
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6 things you need to know about Egypt's Ostwal deal
The announcement of India's Ostwal Group planning to build a $300 million fertilizer plant in Egypt has garnered significant attention.
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Revitalizing Egypt's cotton industry
Recent discussions between key government officials have underscored the urgency and strategic importance of this initiative.
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India's Ostwal Group plans to invest $300M in fertilizer plant in Egypt
Managing Director of Ostwal Group of Industries Praveen Ostwal affirmed the Group's strong interest in operating and expanding in Egypt.
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Ministers join forces to revitalise Egyptian cotton industry
The focus of the discussions was on accelerating the implementation of a national project to modernise the spinning and weaving industry.
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Fertilizer Factories Operating Regularly after Natural Gas Back up
This came during a meeting Wednesday with the ministers of agriculture, business, and petroleum to follow up on the situation of fertilizer production
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Madbouly: Electricity Subsidies to be Lifted Gradually over 4 Years
The fuel consumption bill withdrawn from the Ministry of Petroleum for power stations amounts to EGP 16 billion per month.
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Egypt to establish digital platform for industrial sector
The platform will provide comprehensive services, including an industrial map, details on investment opportunities, and administrative procedures.
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Egypt sells Eastern Company’s factory no. 9 for EGP 1.58 bln
The board of directors of the Egyptian public tobacco company Eastern Company S.A.E has approved the selling of the land, buildings.
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Egypt’s engineering exports surge 28.6% in H1 2024
Importers from Egypt include the United Kingdom, Turkey, France, Germany, Georgia, Italy, the Czech Republic, and Spain.
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Petrojet Achieves 1,620-Meter Tunnel Excavation for Fourth Metro Line
This stretch covers the distance between Hadayek Al-Shagar station and Hadayek Al-Ahram station.
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Here’s why Egypt’s electricity prices are rising
One reason is the increasing rates of loss in electricity owning to rising electricity theft.
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Popularity of Chinese-made EVs grows rapidly in Egypt
The Egyptian market is witnessing remarkable growth in the number of electric cars, with many Chinese-made EVs traveling on Egyptian roads.