Industry News
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Egypt's electricity subsidies reach LE24.6 bn in FY2014/15
The current fiscal year saw the implementation of the first stage of a five-year plan to lower electricity subsidies by 67 percent to LE9 billion.
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GREEN CREATIVE Launches PAR REFINE Series High CRI LED Lamps
GREEN CREATIVE, the commercial grade LED lighting manufacturer proudly announces the launch of its 4th generation of PAR lamps.
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Egypt: Italy provides environmental-social textile training
Filmar-Alexbank initiative Cottonforlife underway.
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El Sewedy Electric to develop solar power plant in Upper Egypt
The plant will be built in Aswan, around 800 km (500 miles) south of Cairo.
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Nissan to negotiate with overseas suppliers to establish factory in Egypt: Cabinet
We plan to produce 26,000 cars in 2015, compared to 21,000 last year, says Nissan Deputy Chairman.
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Egypt to exempt millions of subscribers from July's electricity price hikes
During the current fiscal year, which ends in three weeks, the government has cut fuel subsidies, pushing prices at the pump by up to 78 percent.
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Malawi, Egypt partner in cigarette manufacturing plant
The new factory will create jobs thereby reduce the rate of unemployment in the country.
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Egypt's Pioneers Holding buys cable factory for $37 mln
Pioneers holds a 55 percent direct stake in Giza Power, which made the acquisition.
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China competing in Egypt's nuclear power market
China has been seeking to work with Egypt on nuclear power.
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Egypt government launches LED light bulb plant
The plant aims to produce 300,000 energy-saving light bulbs a year.
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Egypt: NAHCO Aviance, Egypt Strengthen Business Ties
NAHCO provides a comprehensive handling of the ground operations for Egypt Air in Nigeria.
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Egypt's military establishes multi-industry company
The Egyptian military already contributes to infrastructure and mega-projects through its engineering authority.
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First Arab technical catalogue for machine tools
KNUTH Machine Tools published the first Arab technical catalogue for machine tools. It contains more than 2,500 machine tools and accessories
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Egypt's cabinet approves $8.7 bn deal with Siemens for power generation
The German company will also establish a factory to make the blades used in wind farms.
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Fictitious discounts advertised in Egyptian automotive market
Market indicators illustrate some companies sell certain cars below fair prices, experts say.
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Egypt's Carbon Holding eyes $4 bln loan by for petchem project
Baz added he expected construction of the scheme to begin in the first quarter of 2016.