Latest in Industry Highlight
Latest in Industry
Trade delegation of entrepreneurs to UAE and Germany: Kabil
“It is essential to find brands for entrepreneurs’ product, market their products electronically to increase sales domestically and abroad”
ALPLA Taba launches packaging factory with investment of EGP 500m
The new factory will be built on an area of 40,000 sqm in 10th of Ramadan City
Kabil keen on organizing the industry of marble
Ministry is seeking to set rules to attract unlicensed establishments to join the official system
Al-Assar, Cypriot defence minister discuss ways to enhance cooperation between both countries
Minister of Military Production Mohamed Al-Assar met with Christoforos Fokaides, the Cypriot minister of defence, at the headquarters of the Ministry in Cairo, where they discussed ways of utilising Egypt’s military production capabilities to enhance relations between both countries. Fokaides extended his country’s condolences to the victims of the recent terrorist attacks, stressing the importance …
Sugar, rice prices to decline starting mid-April: Rice Division
Importers, distributors compelled to write factory sale price on packages to eliminate random pricing, says Shehata
Minister of Industry and Trade in Sohag, Assiut on Saturday and Sunday
The minister will inaugurate several new investment projects, inspect several existing others, and take part in the third investment and entrepreneurship conference “Saidi Startup”
“Egypt” entrepreneurship company to be established with aim of helping small investors
The joint contribution will include the Ministry of Investment and International Cooperation, the SFD, and NI Capital, with EGP 451mn of investments
Military Production Ministry to cooperate with Samsung to manufacture solar panels
The agreement aims to establish a solar panel factory at Benha with an annual capacity of 200MW
$65m fund from Kuwaiti Fund for Arab Economic Development
Finances will be provided to two projects in the agriculture and seawater desalination sectors
Tradeline to reduce Apple product prices in Egypt
The new price list will take effect starting 9 March
Signing of Russian industrial zone in Egypt agreement soon
The new zone will bring back Russian industry to the Egyptian market
Ministry of Trade and Industry approves 226 new industrial projects with EGP 8bn investments
Positive indicators reflect ministry’s strategy to promote development until 2020: Kabil
Launch of industrial development strategy most important achievement in 2016: Kabil
The ministry designed several programmes within its strategy
Banque Misr signs new cooperation protocol to finance leather tanneries
Governmental incentives will be provided to the first 10 tanneries moving to Rubeiky city, says trade minister
Kafr El-Sheikh governorate grants EBSC 50,000 feddans for usufruct for 20 years
The Egyptian Black Sand Company (EBSC) signed an usufruct agreement with Kafr El-Sheikh governorate for 50,000 feddans of land designated for establishing a black sand separation plant. A source at the company said that the cost of the plant is $35m. EBSC set 30 December as the deadline for global companies to obtain the brochure …
50% increase in gas prices sold to factories due to Egyptian pound’s flotation
Factories’ agreements for gas were signed according to the official market rate at the time
GE Oil & Gas expands services facility in industrial free zone with additional 2,000 sqm
The expanded facility will handle the assembly, disassembly, repair, maintenance, and testing for GE Oil & Gas upstream products
Flotation of the Egyptian pound is the first step in the right direction: El-Zorba
Galal El-Zorba, the former head of the Federation of Egyptian Industries, said that the decision to float the Egyptian pound is the first step towards real reform and attracting foreign investments. He told Daily News Egypt that reducing the currency value will reflect positively on the main sources of hard cash, exports, tourism, and remittances, …
Allocations for petroleum product subsidies expected to increase after floating the Egyptian pound
Allocations for petroleum product subsidies expected to exceed previous amount of EGP 35bn
Juhayna reports 34% decline in Q3 net profits, despite increased sales
Higher costs due to the dollar shortage is the reason behind the drop in profits, says Juhayna’s CEO
Industry Minister seeks to increase use of cement plants for alternative fuel sources by 30%
The increase of alternative fuel sources will save $50m annually by 2025, says minister
Glass industry in Egypt is in danger: Sphinx Glass Ltd executive manager
The flat glass industry in Egypt is in danger due to rising costs, the foreign currency shortage, and the lack of some production inputs, according to Mohamed Khattab, executive manager and managing director at Sphinx Glass Ltd, and member of the Chamber of Chemical Industries at the Federation of Egyptian Industries (FEI). Khattab said that …
Lack of clear industrial strategy, US dollar appreciation threaten to stop production
US dollar crisis facilitates flourishing of informal economy, says exporter
Flawed industrial policies slow manufacturing sector growth rates
Professor Amirah Haddad’s research presents short-, medium-, and long-term proposals for industrial policy changes
Egypt seeks development of new industrial complex
New complex part of ministry’s vision to establish specialised industrial complexes, linking small and big companies
IDA has completed facilitation of 37 industrial zones in 20 governorates with funding worth EGP 4.4bn
Ismail Gaber, head of the Industrial Development Authority (IDA), said that the total number of industrial zones in Egypt has reached 129, of which 77 zones are affiliated with their respective governorates and 15 zones belong to the Ministry of Trade and Industry. Twenty of the aforementioned zones belong to the New Urban Communities Authority, …
Designs for new 33m sqm industrial city under preparation: Minister of Industry
The Egyptian consumer must be encouraged to buy “Made in Egypt” products over their imported equivalents, says Kabil
Siemens to launch SICEMENT Electrification system to support cement industry
Siemens will launch the SICEMENT Electrification system tailored to provide the energy requirements of industrial cement plants and achieve mechanisation in manufacturing operations. The new system is scheduled to be launched on 18 August during the “Bringing Power to Cement Industry” forum in Cairo. Egypt is one of the major cement producing and consuming countries …
Industry Ministry sets 7 axes to export support programme
The new axes of the export support programme were scheduled to be applied in July 2016, says minister
Edita to establish new EGP 50m factory next year
The new factory will allow Editia to expand its production by providing the production inputs and controlling production costs