Industry News
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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.
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Egypt Forms Corporation To Manufacture One Million Tons of Phosphate Annually
The initiative aligns with the government’s objective of maximizing local benefits from the mining sector.
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Xpeng makes debut in Egypt marking another milestone in global expansion
Raya Auto, a subsidiary of Raya Holding, has been appointed as Xpeng’s exclusive distributor and partner in Egypt.
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Egypt’s Top 50 Listed Companies 2024
The top 50 listed companies in the annual list saw their sales in USD shrink by almost 20% to $26.4 billion in 2023 compared to 2022.
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Arab Cotton Ginning’s standalone profit grows 142% YoY in 9M-23/24
Operating revenues increased to EGP 83.09 million in 9M-23/24 from EGP 71.51 million in the equivalent period a year earlier.
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Egypt supports decarbonization of the steel industry
Investments in green capacity modernization will support the competitive advantage of local manufacturers in export markets.
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3-hour power outage in Egypt will not repeat
The volume of gas pumped into fertilizer factories represents the same gas levels present before the recent heat wave, he said.
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10 thriving Egyptian brands amid boycott campaigns
As more Egyptians choose to buy local, several homegrown brands have seen significant growth, within the domestic market but also internationally.
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Egypt temporarily curtails gas to fertiliser plants amid heatwave
The Ministry of Petroleum and Mineral Resources has assured that gas supply will gradually resume from Thursday as maintenance work is completed.
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Talaat Moustafa Group, Abou Ghaly Motors partner to offer integrated transport in Madinaty
The official transportation provider for Madinaty residents, will offer services such as the “London Cab” electric vehicle fleet and Sixt car rentals.
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Egypt adds an extra hour to rolling power blackouts
Temperatures rose to nearly 40 degrees Celsius (104 Fahrenheit) in Cairo on Tuesday and were forecast to climb even higher over the coming few days.
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Egyptian prop-tech startup Birdnest raises pre-Series A funding for expansion
Birdnest offers innovative furnishing services and rental management solutions to ensure maximum returns for real estate investors.
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Alstom completes Beni Suef Assuyt railway signaling project in Egypt
With a capacity to transport up to 60,000 passengers daily, BSA service is a vital transportation lifeline for people across Egypt.
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Offers for selling electricity to private sector lasts till Aug.
The experience of allowing the private sector to sell energy to the consumer from the private sector also opens the door to liberalizing market.
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Siemens expands upon partnership with Electro George
Siemens and Electro George are poised to deliver unparalleled value to customers, providing access to world-class technology at competitive prices.
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M&P forms strategic partnership with China Harbour Engineering
This landmark collaboration aims to significantly boost China Harbour’s involvement in Egypt’s rapidly growing infrastructure sector.
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Ready-made garment exports record 23% increase in 4M 2024
From January to April 2024, the sector’s exports surged to $856m, a substantial increase compared to the $697m recorded during the same period in 2023
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US Apache Plans $1.4 Bln Investments in Egypt in 2024
Christmann said Apache upgraded its work mechanisms in Egypt which contributed to increasing oil production by 10 percent to over 150,000 barrels/day.
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South Korean Amb.: Egypt on its way to becoming a regional center for electronics industry
The electronics industry will be an essential element in economic cooperation between Korea and Egypt.
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Why is Egypt raising electricity prices despite new gas discoveries?
The country’s needs for petroleum and natural gas amounts to US$55 billion annually, while local production only amounts to $33 billion.