Industry News
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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.
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Turkish Vestel, Zorlu to establish home appliances factory in Egypt with $70 mln
The project is by Turkish companies Vestel, a home and professional appliance manufacturer, and Zorlu, a multinational holding company.
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Top 10 of Egypt's automotive industry
Egypt's automotive industry has been developing for 50 years and is now the second-largest market in Africa and the 42nd largest in the world.
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ENR and Lenza Egypt to establish new spare parts manufacturing company
The Egyptian National Railways (ENR) has announced plans to establish a new join-stock company to produce mechanical spare parts.
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Saudi cabinet approves MoU with Egypt in electricity, renewable energy spheres
The Saudi Cabinet agreed on a (MoU) between Saudi Arabia and Egypt to cooperate in the spheres of electricity, renewable energy and clean hydrogen.
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Fertiglobe reports H1 2023 revenues of $1.2bln and adjusted EBITDA of $516mln
Q2 2023 results were impacted by lower selling prices, as volatility in European gas prices continued.
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IDSC: Egypt Witnesses Boom in Electronic and High-Tech Industries
Between 2016 and 2021, Egypt saw a significant increase of 460% in the proportion of technological goods exports to total industrial exports.
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Mienta inks $5mln deal to build its third factory in Egypt
This comes under the land allocation contract signed between Mienta and Elsewedy Industrial Development, a subsidiary of Elsewedy Electric.
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Al Amal to temporarily shutter BYD assembly plant in Egypt on FX shortage
Al Amal Auto will temporarily suspend operations at its BYD assembly plant within weeks.
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Egypt’s Prime Minister meets to discuss phosphoric acid production project in Abu Tartur
The production depends on using Abu Tartur phosphate ore and maximizing its added value instead of exporting it as a raw material.
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Project: Office supplies
Cairo: Supply of 2000 kVA electric generators
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Challenges of Egypt's textile industry
The textile industry in Egypt is an important economic sector that has experienced significant development in recent years.
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General Motor Egypt eyes future expansion in local market
The ministry is keen to enhance cooperation with international companies, especially General Motors due to its great experience in the Egyptian market
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Presidential initiative to replace obsolete vehicles: Egypt
The state’s general treasury bore EGP 675m as the value of the green incentive for 27,225 new natural gas-powered vehicles.