Industry News
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Arafa Holding plans European market entrance in 2015
Egypt’s monetary policy encourages importers and deters producers, Egyptian pound losing real value
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Egypt forgives Iraqi debt in exchange for oil
Iraqi prime minister's visit included signing several agreements
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Suez Canal revenues record $445.5m in December
The Suez Canal is a key source of foreign currency for Egypt
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Egypt, Abu Dhabi sign agreement developing maritime transportation
Red Sea Port Authority and Abu Dhabi’s counterpart to form joint companies encouraging marine investments
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MTZ tractor exports to Egypt up 2.3 times in 2014
Egypt is the biggest market for MTZ on the African continent
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Aston Martin launches in Egypt
Various models of Aston Martin will be available on order
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Egypt's cabinet approves funding for $1.6 bn electricity link with Saudi Arabia
To be completed by 2017, the new link to Saudi Arabia will make 3,000 megawatts of extra electricity available for peak hours
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Customs confuses automobile market calculations
Pilot prices for European products rang between fact and fantasy, agents complain about excessive customs values.
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Egypt's GB Auto says plans $134 mln rights issue
The rights issue would increase GB Auto's capital to 1.1 billion pounds, the company said in a statement.
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Arafa Holding plans European market entrance in 2015
Egypt’s monetary policy encourages importers and deters producers, Egyptian pound losing real value
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Gold miner Centamin Egypt's revenues rise 6pct in 2014
Centamin, working out of the Sukari mine in Egypt, says its production will rise by 11 percent in 2015.
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Essel Propack boosts manufacturing capacity in Egypt, China
Essel Propack claims to be the world's largest specialty packaging company manufacturing laminated plastic tubes catering to FMCG and pharma sectors.
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New subsidy cut may be the end of Egyptian Cotton
The removal of government subsidies on cotton may leave farmers harvesting 'anything but'.
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"Paints market in Egypt is highly fragmented," says SCIB Paints
Interview with Manish Mehra, Regional Head - Middle East and Egypt of Asian Paints (SCIB Paints).
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Government decides on support for textile workers, adopts industry as national project
Prime minister appoints ministers of industry and agriculture and Egyptian Chamber of Textile Industries to agree on cotton cultivation policy.
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Egypt electricity sector owes LE80 billion in fuel payment arrears
Power generation still largely reliant on petrol fuels in a country which still heavily subsidises them.
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Off with those lights: Energy trouble drives innovation
A new online platform helps consumers track energy consumption as electricity costs climb.
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MTZ to open office in Egypt in 2015
The company is also determined to increase the export of tractors to Sudan and tractor sets to the assembly enterprise in Algeria.
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Alstom pleads guilty of bribing officials in Egypt, KSA
The settlement announced by the Justice Department on Monday marks the largest-ever criminal fine levied by the United States.
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The US is giving Egypt 10 Apache Helicopters
The United States originally announced in April that it had decided to lift its hold on the delivery of the attack helicopters.