Industry News
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Egypt's zero-customs car import initiative sees demand surge
Egypt's zero-customs car import initiative has seen an influx in demand in the first two months of its second phase.
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Egypt’s FriendyM raises $2 million investment
According to the car data that the user registers through the application, "FriendyM" sends notifications to remind you of the car’s maintenance.
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Egypt, Bahrain bolster economic ties at Integrated Industrial Partnership meeting
Egypt's Minister of Trade and Industry Ahmed Samir held a meeting with his Bahraini counterpart Abdullah bin Adel Fakhro.
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Egyptian private equity firm Ezdehar Management acquires 80%+ stake in apparel company behind Dalydress and Premoda
Local private equity firmEzdehar Management has purchased above 80% stake in clothing company SETA Textiles.
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Egypt’s plastic products export reaches $1.7bn in 2023: CEC
The CEC announced the opening of the PLASTEX 2024 and the Egypt Plast 2024 exhibitions from 12 January and cover 30,000 sqm in three halls.
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Russian EVs producer Concordia to set up manufacturing factory in Egypt
Per the partnership, GV Investments will provide the plot of land needed for the project and construct the factory, reports say.
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Top 10 things you need to know about the new electricity prices
These new electricity prices are expected to have significant implications for both citizens and the economy as a whole.
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Egypt targets 10% increase in chemical, fertilizer exports in 2024
The North African country’s exports of chemicals and fertilizers exceeded $6 billion in 2023.
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Recent electricity price hikes to reduce sector losses to LE 75B: Egypt’s PM
On Tuesday, the Ministry of Electricity and Renewable Energy announced a 16-26 percent increase in electricity prices, effective from January 2024.
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Electricity prices increased, effective Jan. 1, 2024
Households consuming within the 0-50 kWh consumption bracket will pay LE 0.58 per kWh, consumers of between 51-100 kWh will pay LE 0.68 per kWh.
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Egypt limits power outages to mornings during mid-year academic tests
According to a cabinet statement, the power outage plan will be applied between 11 am and 5 pm at a daily rate of two hours for each district.
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Over $2B investment in 9 key Egyptian industrial projects during 2023
The ministry's achievements throughout 2023, emphasizing its commitment to developing the Egyptian industry and boosting exports to global markets.
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Egyptian government approves new facilities for industrial licences
The Saturday decree increased the construction ratios for industrial projects from 40% to 65-70% of the total land area.
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SCZone signs agreement with Chinese firm to build $50 mln bags factory
The Suez Canal Economic Zone (SCZone) signed an agreement with Henneway, a Chinese travel bags manufacturer, to build a factory with up to $50 million
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Egypt’s manufacturing industry index drops about 4% in October
The official data showed a decrease in electrical appliances and medical production.
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Electricity load reductions in Egypt to continue until March 2024: Officials
Daily load reductions will range from 600-800 megawatts. This capacity will be distributed to all governorates in periods not exceeding 10 minutes.
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WTC partners with Ghandour Auto to enable online booking, import of cars
Walid El Ghandour mentioned that Egyptians abroad can use this service to buy their cars and send them to Egypt with simple steps.
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Egypt’s Leap into the Future of Sustainable Transportation
Electric vehicles are no longer a distant dream for Egypt, as the nation gears up to launch its first electric car, the Nasr e70.
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Project: Automotive spare parts
Cairo: Supply of automotive spare parts under two contracts
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Prices of home appliances expected to rise following a climb in input prices
Factories manufacturing in Egypt are facing a surge in steel prices, with the most recent increase by Ezz Dekheila Steel Company (Ezz Steel).