Industry News
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Egypt’s manufacturing, extractive industries contract by 3.86% in September
Egypt’s manufacturing and extractive industries (excluding crude oil and petroleum products) contracted by 3.86 percent on a monthly basis in Sep.
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Egypt: Arab Cotton Ginning’s consolidated profits soar 120.8% YoY in FY2022/23
The company’s revenues climbed to EGP 3.366 billion last FY, up from EGP 2.075 billion in the prior year.
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Egypt climate envoy sees international funds helping developing industries decarbonise
A financing scheme that draws on funding from Western donors to help developing countries shift to cleaner power generation could be mirrored.
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LONGi’s ‘Green Electricity + Green Hydrogen’ Solution Makes its Debut in Egypt
LONGi collaborated with leaders and practitioners from across the renewable energy value chain and industry innovation ecosystem.
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Top 10 petrochemical industry of Egypt
Needs of petrochemicals are growing in paints, rubber, plastics, detergents, textiles, and medicines. Egypt's exports surged by 23% to $8.6 billion.
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KG Mobility unveils Torres in Egypt
The company held a launching event of its mid-sized SUV in Cairo, aiming to expand the African market.
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Govt should provide more incentives for local industry amid anti-Israel boycott campaign
In order to compete with international brands that are established in the market, Egyptian brands need to launch successful marketing campaigns.
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Emirates NBD, Turkish Hayat sign €30 mln loan to establish tissue facility in Ain Sokhna
Earlier this year, Egypt and Turkey expressed their intention to further develop trade exchange and encourage Turkish investments in Egypt.
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Global Auto Group sign binding framework agreement to assemble cars in Egypt
Global Auto Group (GAG), the agent and importer for BMW and Mini in Egypt, has signed a binding framework agreement with the Madbouly government.
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MSMEDA invests LE 470M to convert cars to natural gas over 3 years
MSMEDA contributed to converting 59,000 cars, which represented about 40 percent of the cars converted in Egypt.
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Egypt: Oriental Weavers posts over $44mln consolidated profits in 9M-23
Total assets hit EGP 22.45 billion in 9M-23, versus EGP 19.17 billion as of 31 December 2022.
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Egyptian Textile Brand Naseej Fabrics Unveils Keffiyeh-Inspired Cushions in Solidarity with Gaza
For many non-Palestinian Arabs, the Keffiyeh holds significant cultural value as an early symbol of Palestinian identity.
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Egypt has strong potential in automotive software, IC design industry: ITIDA CEO
Vehiclevo’s is one of the leading tier 1 suppliers of software and automotive technology serving the world's largest automotive manufacturers.
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Project: Supply of furniture
Qena: Supply of furniture and air conditioners under two contracts
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Projekt: Maintenance of Elevators
Beheira: Amendment of the deadline for the maintenance of 30 elevators in Damanhour University
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10 game-changers in Egypt's automotive industry
Strategic partnerships, investments, and a focus on eco-friendly technologies are placing Egypt at the forefront of Africa's automotive market.
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Top 10 furniture manufacturers in Egypt
The Egyptian furniture industry provides a significant contribution to the national economy and is currently navigating a challenging landscape.
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Thales inks Egypt cooperation agreement with Hassan Allam
The partnership is to deliver a smart digital platform business in Egypt and the wider Middle East North Africa region.
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MSMEDA invests LE 50M in Damietta’s furniture industry: MSMEDA CEO
MSMEDA has already injected more than LE 805 million into Damietta Governorate between 2014 and 2023, supporting around 30,000 small and micro project
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Qatar commits $1.5 billion investment in Egypt’s industrial sector
Al-Wathiq Billah's highlighted a 47% increase in trade volume between the two countries in 2022, although specific figures were not disclosed.