Industry News
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Egypt’s engineering exports surge 10% in 7 months
Egyptian Engineering exports witnessed an increase in July 2023 compared to the same month in 2022, by 14%, reaching $331mln in July 2023.
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CIHC considers selling 30% or less of its shares in Eastern Company
The Chemical Industries Holding Company (CIHC) received offers from investors who are interested to buy 30 percent or less of its shares.
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Egypt's GAFI approves establishing $16.2 bln industrial city in Giza
Established in 2019, GV Investments Group is based in Egypt and operates in real estate, as well as industrial and service sectors.
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Egypt: KIMA posts 83% YoY profit growth in FY 2022/23
Sales surged 48.88% YoY to EGP 6.611 billion in FY 2022/2023, compared to EGP 4.440 billion in the FY before.
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Sisi orders continuing support to increase volume of MSME enterprises
This came during Sisi’s meeting on Sunday with Prime Minister Mostafa Madbouly and Head of MSEA Bassel Rahmy.
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E-commerce to fuel aper packaging market growth in MEA
Propaper Dubai 2023 will host a large contingent of global paper and packaging companies which are at the vanguard of innovation.
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Nigeria, Egypt to lead Africa’s fashion market with $2.5B revenue
These two nations are primed to collectively rake in a whopping $2.5 billion in revenue by the close of 2023.
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President Sisi explains the cause behind Egypt’s electricity crisis
President Sisi explained the cause of the country’s electricity crisis, saying that: “We need diesel at US$350 million per month.”
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Egypt govt to freeze electricity prices increase until January 2024
The Egyptian government approved on Thursday a decree to freeze any increase in electricity sale prices till January 2024.
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Hayat Egypt to open two new factories in Egypt by 2024
He said two new factories are expected to start operations in 2024, adding that they would create nearly 500 direct job opportunities.
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Tunisia: Dabchy expands fashion e-commerce platform to Egypt
Tunis-based peer-to-peer (P2P) fashion marketplace Dabchy has launched operations in Egypt.
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Egypt's packaging industry: powering diverse sectors and growth
The packaging industry in Egypt is evolving, with a focus on sustainable and eco-friendly packaging solutions.
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The Egyptian textile industry: unraveling opportunities for global investors
Egypt's booming textile sector, enriched by a skilled workforce, duty-free market access, and world-class facilities, is primed for foreign investment
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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.