Latest in Industry Highlight
Latest in Industry
Parliamentâs approval of IDA law allows implementation of industrial policies: industry minister
Law grants IDA right to directly allocate land for industrial activity under its jurisdiction without reference to NUCA, says Ragab
0.6% increase in manufacturing, extractive index in November 2017: CAPMAS
The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued metadata on the production index of manufacturing and extractive industries for November 2017. The index of manufacturing and extractive industries (excluding crude oil and petroleum products) reached 137.37 points during November 2017 compared to 136.53 in October 2017, an increase of 0.6% due to the …
South Sudan’s Jubek State, Atta Group sign cooperation protocol to establish largest industrial zone
Jubek State of South Sudan signed in Cairo a memorandum of understanding (MoU) and a cooperation protocol with the Arab Organisation for Industrialisation (AOI) and the Atta Investment Group on Tuesday on trade, investment, and agricultural exchanges and the establishment of the largest industrial investment zone to meet the needs of central Sudan and Africa. …
Industry minister announces establishing largest textile city in Sadat City
President Al-Sisi expressed interest of 50% government financing for project on condition of reducing implementation time
Expo Egypt portal to launch this month
The pilot version of the Egyptian portal âExpo Egyptâ will be launched in the current month, according to Minister of Trade and Industry Tarek Kabil. Kabil said that the portal will serve as an electronic platform containing studies and information on foreign markets and will be a virtual market to link exporters with importers. He …
IDA to put forward 5m sqm of industrial development land this year: Kabil
Authority completed allocating 8m sqm of industrial developer land in 10th of Ramadan, Sadat cities
Chinese Jushi factory starts fourth phase of Fiberglass factory with investments worth $60m
Minister of Trade and Industry Tarek Kabil said that the Chinese Jushi Egypt For Fiberglass Industry is starting its fourth phase of production, which includes grinding raw materials and manufacturing packaging materials locally, with investments worth $60m. The minister said during his meeting with the companyâs chairperson and the accompanying Chinese delegation that the construction process and starting …
Turkish investors to pump $6m investments into Turkish industrial zone in Egypt
Egyptian-Turkish industrial zone provides $ 2.5bn of imports
Alamiria signs contract with Rakta for printing paper supply
Local production of paper only meets 40% of the volume of consumption, says Alamiria chairperson
Industry Ministry completes procedures to offer 13 licensed industrial complexes
Minister of Trade and Industry Tarek Kabil said that his ministry is now finalising the procedures for offering 13 licensed industrial complexes under the Presidential Initiative for Youth Employment, a ministry statement said on Tuesday. He added that these complexes will be established in 12 governorates, including nine complexes in Upper Egypt. This includes two …
8% increase in manufacturing, extractive index in October 2017
The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued metadata on the production index of manufacturing and extractive industries for October 2017. The index of manufacturing and extractive industries (excluding crude oil and petroleum products) reached 139.41 during October 2017 (preliminary results) compared to 129.03 points in September 2017 (final results), an increase of …
AlexBank signs cooperation protocol with IDA to finance industrial units acquired by SMEs
Protocol addresses IDA, Alex Bankâs mutual desire to boost industrial investments in Egypt, says chairperson of IDA
24 factories fully operational in Robiki Leather City
The total number of factories currently operating in the new Robiki Leather City reached about 24, after four new factories began operating, according to Minister of Trade and Industry Tarek Kabil. The minister said that the factories include all activities in the field of tanning leather from small, medium, and large tanneries, in addition to …
MSME injects EGP 1.5bn into development projects in Kafr El-Sheikh
MSME has injected EGP 932m to fund 20,000 small enterprises, EGP 433m to fund 77,500 micro enterprises, says Gamea
Industrial sector owes EGAS EGP 7bn in debts
The debts of the industrial sector owed to the Egyptian Natural Gas Holding Company (EGAS) amounted to EGP 7bn, according to a source at the company. According to the source, who asked not to be named, the indebtedness of the industrial sector has increased recently as a result of factories tending to pay only a …
Afreximbank provides $150m for Egyptian factoring companies within 5 years
The African Export-Import Bank (Afreximbank) is providing $150m for Egyptian factoring companies within 5 years, according to the Managing Director of Intra-African Trade Initiative of Afreximbank Kanayo Awani. Awani told Daily News Egypt that the funding began this year and will end in 2021. Awani noted that the bank is very interested in the file …
Egypt participates in Mercosur summit in Brazil
Kabil to deliver Al-Sisiâs messages to heads of state of Brazil, Argentina, Uruguay, Paraguay
EGP 6.1bn microfinance volume in Q3 2017
Egyptâs microfinance volume has registered EGP 6.1bn in the third quarter (Q3) of 2017, according to official figures released by the Egyptian Financial Supervisory Authority (EFSA). The new figure registers an increase of 10% when compared to Q2. The number of beneficiaries from microfinance initiatives recorded 2.1 million individuals through industrial, service, handicraft, and commercial …
MSMEs Development Agency starts providing services to Shaq El-Teaban investors
A special office to provide financial and non-financial services to SMEs as well as technical training and marketing supportÂ
First phase of Russian industrial zone implementation starting next month
Zone is 5.2 sqkm under usufruct system in East Port Said for $6.9bn
GLC to open plastic factory worth $200m early 2018
We aim to double exports to Africa to $15m in 2 years, open new markets, says El-Hout
Iron in grip of local factories
Industry Ministry imposes anti-dumping duties on imports from 3 countries for 5 years
171 Korean projects in Egypt
The total number of Korean projects in Egypt is 171, with a total capital of $ 445m, in the sectors of electronics, textiles, automobile components, chemicals, building materials, new and renewable energy, and construction, according to Raouf Ghabbour, chairperson of the Egyptian side of the Egypt-Korea Business Council and GB Auto CEO. Ghabbour said that …
EGP 127.7bn Industrial output from private, public sectors in Q1 2017
Food products valued at EGP 33.3bn, iron & steel at EGP 14.8bn
McDonaldâs opens its 100th branch in Egypt
Price of Big Mac meal in Washington DC 116% more expensive than in Cairo
2,000 industrial licenses issued since announcing bylaws
Minister of Trade and Industry Tarek Kabil said that his ministry, represented by the Industrial Development Authority (IDA), granted more than 2,000 industrial licenses during the three months that followed the passage of the Industrial Licensing bylaws in August. In a brief statement to Daily News Egypt, Kabil said that the bylaws for industrial licensing …
Al-Assar and Laufer discuss Romanian-Egyptian industrial cooperationÂ
Delegations to be exchanged for possible transfer of Romanian technologies to military production in the fields of construction, nuclear industries, information technology, education, health, agriculture
Global Lease, MSME sign EGP 20m contract to support SMEs
They aim to support at least 20 clients with a minimum of EGP 50,000 and a maximum of EGP 1m
Metallurgical Industries Company receives 9 international bids for developing Iron and Steel Company
Holding Company for Metallurgical Industries, one of Ministry of Public Sector Affairsâ companies, received nine international bids for developing and restructuring Steel Iron and Steel Company. These offers were submitted through the international tender, which was offered by the Holding Company for Metallurgical Industries on 21 April for the development and restructuring the lines of …
Implementing âThe Better Workâ programme to start by June: Kabil
Two international forums will be held in November to gather buyers, producers, and exporters for the textile industry, says Kabil
