Industry News
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Lecico Egypt switches to profitability in H1: Egypt
Lecico is an Egypt-based public shareholding company engaged in the manufacture of tiles and sanitary ware products.
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Egypt sets into motion plan to reduce electricity loads
The Cabinet announced, in a post on its official Facebook page, a plan to reduce electricity loads which was implemented starting 12 pm on Tuesday.
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ASRT reveals details behind manufacturing Egypt’s first electric car
Saqr explained that after nine months, the first locally-made electric car that is also an Egyptian brand will be launched in the market.
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Egypt to repay participants in tax-free car import initiative after slashing cost
They would repay participants who applied for the tax-free car import initiative and paid the full amount, after slashing costs by 70 percent in May.
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Moamen Awad becomes 1st Egyptian fashion designer to be displayed at Times Square
Awad, 34, breathed new life into Egyptian civilization for western audiences though his clothing line.
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BYD says it plan to expand its business in Egypt, denying reports of market exit
BYD was founded in February 1995, and after more than 20 years of fast growth, the company established over 30 industrial parks worldwide.
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Egypt's rising star: construction chemicals
Egypt's booming construction sector spurs key developments in construction chemicals. Major players like Saint-Gobain and Sika expand new practices.
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Oriental Weavers crowned Best Producer of Hotel Carpets and Rugs
The Hospitality Awards 2023, organized by LUXlife Magazine, is renowned annual program that celebrates the best in the hospitality industry worldwide.
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Chinese auto brand unveils new SUV models in Egypt
Jetour introduced three SUV models, namely X70Plus, X90Plus and Dashing, whose ultra-modern designs are in fantastic contrast to the ancient pyramids.
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Revving Up: Egypt's auto industry accelerates with new fund, council
Heiba announced the signing of three memorandums of understanding with some of the world's biggest automakers.
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Transformative Industries: A Catalyst for Egypt’s Economic Growth
The average contribution of transformative industries to the gross domestic product (GDP) during the last two decades reached about 16.9%.
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Egypt’s power outages could extend to September in worst-case scenario
As power outages continue to plague the country, many Egyptians are turning to the Ministry of Electricity to find out more about the situation.
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Higher education min. attends signing of contract on Egypt’s first locally-manufactured electric vehicle
The exhibition was held on the sidelines of the launch of the National Strategy for Intellectual Property by the Egyptian State.
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Egyptian Tax Authority, Industries Union unite for smooth tax-customs integration
He emphasised the significant technological advances made by both the Ministry of Finance and the Egyptian Tax Authority.
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Egypt’s Al Amal wants resume Lada assembly in 2024
Al Amal Auto, the local agent of Lada and BYD vehicles, is looking to resume assembly of Lada cars in early 2024.
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China-based Midea Group eyes acquiring Zanussi brand in Egypt
The Swedish group aims to sell its assets in Egypt due to the current global financial issues facing it.
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Beko Egypt on track to open $100mln home appliances factory in Egypt in Q4
Günel outlined Beko Egypt's ambitious plans to deepen localisation and make Egypt a global export hub for household appliances.
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Fine Hygienic Holding aims to increase its investments in Egypt to $185m
Fine Hygienic Holding, affiliated to Nuqul Group, aims to increase its investments in Egypt to $185m next year, compared to about $178m currently.
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Sidi Kerir Petrochemicals sees 158.33% YoY profit surge in H1
Meanwhile, revenues grew 69.19% YoY to EGP 6.563 million, up from EGP 3.879 million in H1 2022.