Industry News
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Global Perspectives—Printing Industries in Egypt
Each edition of the drupa daily featured a Global Perspectives article that looked at the state of the printing industry in a specific nation.
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Egypt to Import $1.18 Billion in Energy to End Summer Power Cuts
To combat increasing costs and cuts, the Prime Minister also revealed that all commercial shops will close at 10 PM except supermarkets and pharmacies
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Egypt’s Abu Qir Fertilizers suspends operations over gas supply shortage
The state-owned Abu Qir Fertilizers Company has suspended for the second time in June the operations of its three plants due to natural gas shortage.
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Japan's SARAYA to inaugurate 3 factories in Egypt
The first phase, which began pilot operation in 2023 and will be officially inaugurated today, Tuesday, stretches on 8,000 square meters.
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Egypt Extends Power Outage Hours on Sunday, Monday
This is as a result of the extremely high heat wave, and thus the increase in energy-generating gas consumption.
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Egypt anticipates $2bln revenues from tax-free car import initiative
Moreover, the minister said that over 250,000 import approvals have been issued and more than 35,000 imported cars have been released so far.
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28,000 new cars rolled out to replace old ones
The new cars were assembled in Egypt, as part of government efforts to boost local manufacturing.
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Egypt Announces Exempting Strategic Industrial Projects from Certain Taxes
Maait said that up to 40.5 billion pounds have been allocated in the next fiscal year’s budget to finance programs to stimulate economic activities.
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Egypt's Exports of Chemical Products, Fertilizers Record $2 Billion in 4 Months
Chemical exports declined during January-April by about 8% compared to the same period last year. Turkey and Italy top importers.
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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.