Industry News
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Egypt's non-oil sector edges closer to growth in June
"Egyptian non-oil companies saw an increase in sales volumes in June for the first time since August 2021," S&P Global said.
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Manufacturing and extractive industries production index falls to 95.54
Egypt’s furniture industry production index rose by 9.27 percent to an initial recording of 147.08 in April, according to CAPMAS data.
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Volkswagen Group Africa Signs New Agreement with Egypt To Develop Assembly Lines
Government of Egypt aims to establish a Special Purpose Vehicle (SPV) to construct the buildings for the Body Shop and Assembly Line.
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Auto sales in Egypt decline 14.2% YoY in May
The report also showed that car sales fell by around 2.3% YoY in the first five months of 2024, totaling 29,811 units.
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Egypt to stop power cuts during the summer starting July 21
Egypt announced Monday that electricity cuts will be suspended starting from July 21 until the end of summer on September 21.
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Alexandria Fertilizers suspends operations due to gas shortage
The Alexandria Fertilizers Company (AlexFert) has halted operations at its three factories due to the interruption of the natural gas supply needed.
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Egypt’s Automobile Dealers Association anticipates 25% increase in car prices
There are 39,000 cars held at customs, anticipating an increase in car prices and the return of overpricing.
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ElAraby Group will develop a USD 500 mn industrial zone in Egypt
The complex will be developed in partnership with Japanese electronic company Sharp, Taiwanese textile company Richie and another unnamed company.
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Egypt, Nissan Agree to Produce 100,000 Cars a Year
The agreement is part of efforts to boost the proportion of locally made auto components in cars assembled in Egypt with a view to exporting.
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8 facts about the fertilizer plants crisis in Egypt
Discover the key facts about the ongoing crisis in Egypt's fertilizer industry as major plants halt operations due to natural gas shortages.
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Global Perspectives—Printing Industries in Egypt
Each edition of the drupa daily featured a Global Perspectives article that looked at the state of the printing industry in a specific nation.
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Egypt to Import $1.18 Billion in Energy to End Summer Power Cuts
To combat increasing costs and cuts, the Prime Minister also revealed that all commercial shops will close at 10 PM except supermarkets and pharmacies
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Egypt’s Abu Qir Fertilizers suspends operations over gas supply shortage
The state-owned Abu Qir Fertilizers Company has suspended for the second time in June the operations of its three plants due to natural gas shortage.
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Japan's SARAYA to inaugurate 3 factories in Egypt
The first phase, which began pilot operation in 2023 and will be officially inaugurated today, Tuesday, stretches on 8,000 square meters.
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Egypt Extends Power Outage Hours on Sunday, Monday
This is as a result of the extremely high heat wave, and thus the increase in energy-generating gas consumption.
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Egypt anticipates $2bln revenues from tax-free car import initiative
Moreover, the minister said that over 250,000 import approvals have been issued and more than 35,000 imported cars have been released so far.
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28,000 new cars rolled out to replace old ones
The new cars were assembled in Egypt, as part of government efforts to boost local manufacturing.
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Egypt Announces Exempting Strategic Industrial Projects from Certain Taxes
Maait said that up to 40.5 billion pounds have been allocated in the next fiscal year’s budget to finance programs to stimulate economic activities.
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Egypt's Exports of Chemical Products, Fertilizers Record $2 Billion in 4 Months
Chemical exports declined during January-April by about 8% compared to the same period last year. Turkey and Italy top importers.
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Chips and solar panels made in Egypt?
Madbouly gov. will launch a tender to select an international consultant who will be develop a strategy to localize the chip and PV cells industry.