Industry News
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How local fashion is growing and surviving in Egypt
Local fashion is now sold online, and has a large niche audience that is loyal to several brands that have established themselves.
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Summu Consulting buys 6.6% additional stake in Electro Cable
The transaction was executed on 235 million shares at an average price of EGP 0.475 per share.
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Misr for Chemicals Industry starts construction of evaporators unit
The project is executed in partnership with the German engineering group thyssenkrupp.
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Emirati Chimera to acquire 45% of a subsidiary of GB Auto at a value of EGP 855m
The percentage of GB Capital in GB Leasing’s capital became 55% after the sale.
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Global fashion brand DeFacto opens 25th store in Egypt
DeFacto, the global fashion brand continues its investments in Egypt which it started by opening its first store in 2013, without losing momentum.
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Electro Cable Egypt sees block trading deal worth over $4mln
The transaction was executed on 235mln of Electro Cable’s shares.
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Egypt's Ready-made Garment Chamber, IFC sign cooperation protocol
The technical and specialized clothing industry is the most important emerging field, which enjoys a rapidly growing global market.
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Apparel Group launches its Arabic website Globally in celebration of World Arabic Language Day
It is a milestone to communicate wider audience and take out the language barriers in the Middle East region.
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Gahez app becomes first commission marketing platform for wholesale in ready-to-wear sector
The new service launched by the company aims to support young men and women in increasing their income by providing a new job opportunity from home.
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Food Africa and pacprocess successfully concluded
According to the organisers, it was the most successful Food Africa in its history and a pacprocess MEA on course for growth.
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1.3M ounces of gold discovered in Egypt's Sukari mine reserves
The Sukari mine has produced more than 5 million ounces of gold, and today the expected life of the mine is 14 years.
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Aton resources completes phase 2 diamond drilling program in Abu Marawat concession
The company said that the program was after drilling a total of 9,073 meters from 85 holes.
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Egypt plans to start mining Uranium in 2024
The EAEA chief noted since crude uranium cannot be used in nuclear power plant reactors, Cairo will have to send it to other countries for processing.
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Sisi orders speeding up supplying New Delta project with electricity
The meeting came within the framework of the state’s strategic plan to expand the areas of agricultural land nationwide.
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Egypt's authorities intervening to control gold market
General Department of Public Funds Investigations had arrested some speculators in gold prices, who are behind the sharp price of gold.
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Gov’t interested in car manufacturing, not just assembly
A car manufacturing complex is under construction in East Port Said to lure further investments.
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Messe Düsseldorf expands metal trade fair portfolio to include Egypt
Metal+Steel Egypt from 2 to 4 September 2023, 4 trade fairs will be held at the Egypt International Exhibition Center for the first time.
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Siemens wins new order for grid control and smart metering infrastructure in Egypt
The electrical grid plays a key role in Egypt’s initiatives for economic growth; a secure power supply is at the heart of its expanding economy.
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Egypt’s agrifood group Haj Arafa to build US$4m date packaging facility
Egypt’s agrifood group Haj Arafa has announced plans to build a US$4 million date packaging unit next year in the Siwa oasis, west of Egypt.
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Turkey’s Beko breaks ground for $100mln domestic appliances factory in Egypt
The plant will have total capacity of 1.5 million devices per year and will provide 2,000 direct and indirect job opportunities.