Industry News
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Egypt’s non-oil private sector remains in contraction in March: HSBC
HSBC released a survey on Sunday and the outlook is negative.
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Egypt El-Sewedy Electric profits triples in 2014
El-Sewedy Electric, Egypt's largest listed cable maker, saw its net profit reach LE403million in 2014.
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Egypt's Sidi Kerir to pay dividend of LE1.65 per share
Petrochemicals firm posted annual net profits of LE996.6 million for the year ended in December, down from LE1.3 billion the previous year.
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Ghabbour Auto and Cisco Join Forces to Drive ICT Education in Egypt
Egypt’s Leading Automotive Assembler and Distributor Calls on Cisco to deploy the latest Network Infrastructure Technology Solutions and to deliver free ICT Skills Training.
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CBE halts Egyptian automotive market
Most companies working in the automotive sector confirmed fears that if the situation continues will lead to a new and unprecedented disaster for the automotive sector.
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Egypt Fast Becoming A Hot Renewable Energy Market
Egypt is currently “On the Hot List of Global Renewable Power Developers”.
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Terra Sola wins $3.5bn Egypt power contract
The MoU confirms the implementation of a 2,000MWp solar power project that has been specifically designed for Egypt.
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Aspire Woman and Aspire Khan celebrate the International Woman’s Day
Aspire Woman is a multi-year initiative aiming to empower 25,000, train 5000, and create job opportunities for 1000 young women.
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Al-Sisi reviews Ethiopia dam agreement with top government officials
A deal between Egypt, Sudan, and Ethiopia is to be sealed on 23 March.
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Arab Contractors to deliver US$150 million Iraqi Power Plant at 2015-end
The Iraqi electric plant is one of the biggest projects being implemented by Arab Contractors in the country.
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Energy deals dominate Egyptian Economic Development Conference on Saturday
Ahram Online follows day two of the EEDC; Suez development project to cover 500 square kilometres and include three major economic zones.
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Egypt eyeing sustainable development in 2030 – Minister
Egypt's steps to reform its economy were revealed in the economic summit in Sharm El-Sheikh.
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GE delivers turbines to Egypt
General Electric is investing $200 million in a manufacturing and training facility in Egypt's Suez City and had delivered a shipment of gas turbines to supply its grid.
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Siemens to supply four turbines for Egypt power plant
Egypt is facing one of its worst energy crunches in years.
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Egypt: Oil exploration cut-off delayed
Egypt extended the deadline for 2 months so companies can better evaluate the concessions.
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Egypt's Suez Canal expansion could see it dominate economy
The $8bn project, led by the Egyptian army, has been underwritten by Egyptian citizens who purchased canal investment certificates.
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Egypt to construct dam in South Sudan
Egypt boycotted NBI meetings in 2010 after five NBI members signed the Entebbe Agreement which seeks to re-allocate the Nile water.
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Giza Automotives expects 5% increase in car market prices
If the dollar exchange rate keeps increasing against the Egyptian pound, the total costs of the domestic and imported cars will increase at the same rate of dollar.
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UberX arrives in Cairo
The mobile App that provides safe, easy and fast transportation in 270 cities is now available in Cairo.
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Egypt's cabinet approves law privatising electricity production, transmission
In wake of recurrent energy shortfalls, Egypt will gradually push energy production, distribution and transmission to the private sector over the coming five years.