Latest in Industry Highlight
Latest in Industry
Industry ministry bans rice exports starting 4 April
The ministry is coordinating with all ministries to tighten restrictions on all customs and borders to prevent rice smuggling, says the minister
Cabinet approves draft law for industrial licence procedures: Industry Minister
The new draft law will reduce the duration of issuing licences to just 30 days down from 634 days, says Qabil
Group of Arab companies asks to establish industrial city in northwest Gulf of Suez with $3bn investments
Alliance formed of a group of Arab companies including Saudi, UAE, and Lebanese companies, which decided to submit a request to General Authority for the Suez Canal Economic Zone (SCZone) to develop an area of 5m sqm in the northwest Gulf of Suez and establish a large industrial city on it
Domty announces indicative price range for its IPO
Arabian Food Industries Company Domty announced Thursday the indicative price range for an offering of up to 122.5m of existing ordinary shares, representing 49% of the Company’s outstanding share capitalised in the Egyptian Exchange (EGX)
SCZone signs MOU with Spanish alliance to develop East Port Said industrial area
The alliance will consult on power, desalination of water and residential projects worth €8bn
Ministry of Industry prepares legislation to regulate issuance of licences and allocation of land
Establishment of five commercial offices in Africa to increase Egyptian exports, says Kabil
Furnex exhibition launched
Previous Furnex exhibitions saw the signing of export contracts worth $100m, according to Minister of Industry
IMC approves industrial sector urgent problems resolving plan for the coming 6 months: Industry Minister
IMC succeeded in providing 1138 service for 553 companies during six months, says executive manager
Qalaa Holdings closes sale of Misr Glass Manufacturing, United Glass Company
The sale is at a combined equity value for 100% of both MGM and UGC of EGP 828m
Production index surges by 8.8% in one month
Production index for metals and transportation equipment increases, while food index drops
Tripartite Free Trade Agreement, restructuring of export councils represent key changes in foreign trade in 2015
An annual report issued by the Ministry of Industry and Foreign Trade stated milestones of the trade sector in 2015. Among these milestones was the decision to establish an Egypt-based component of the Egypt-Kuwaiti Economic Cooperation Council, amid a larger restructuring of Egypt’s export sector. With the aim of promoting bilateral trade between Egypt and …
Ministry of Industry issues its 2015 annual report
Ministry issued report finds work stoppage in 871 factories, NBE provides 11 factories with EGP 27.5m in loans to recommence production
Ministry of Industry establishes Handicrafts Industries Chamber
The chamber includes industries of handmade textiles, pottery, porcelain, ceramics, woodwork, metal handicrafts, carpets and jewellery
Cabinet approves business in existing private free zone, declines establishing new ones
Giving license to established projects requiring heavy energy is not allowed except for sectors, regulation approved by cabinet
Four industrial expos for machines will kick off Thursday
Holding expos is indicator of ability of Egyptian economy to strongly rise in various industrial, commercial, and economic fields, says IFG
Egypt is capable of manufacturing automotives: Minister of Industry
Egypt seeks to develop an integrated incentive system to encourage global-producing companies to manufacture their products in Egypt, says Qabil
Implementation of 3 roads in national plan progresses
Total cost of the national plan for developing the road network is EGP 34bn
Egypt and China to sign business deals, loans: Abdel Nour
CDB to provide $100m loan to finance SMEs, further Chinese grant of $30m for remote satellite sensing, says minister
DP World 1H profits increase 22%
Net profits recorded $405m, up from $322m in the same period in 2014
440 factories to start operating in New Cairo by October
A new vision on industrial zones to be implemented in Qaliubiya
Customs should be applied on imported steel: Industry official
Steel prices expected to remain stable next month
ECA’s accusations contradict CAPMAS reports: Oriental Weavers
Company intends to appeal decision to refer it to prosecution on charges of monopolistic practices
91 approved projects with investments of EGP 1.857bn: Industry Minister
61 investors received approvals on expanding their industries within and outside industrial zones with investments of about EGP 9.692bn, says Abdel Nour
Mehleb receives export councils’ memorandum to review CBE’s policies
CBE governor does not accept requests to meet with exporters or importers, says ECBM head
El-Nasr Company plans to strengthen Egyptian products in Africa: Industry minister
The plan will take advantage of the 23 El-Nasr Company branches in 21 African and Arab countries to promote Egyptian products
Decision to allow cotton imports revives textile industries: Holding Company for Spinning and Weaving Chairman
Meeting between cotton industry experts, officials and concerned ministries to study new agricultural policy for cotton, says cabinet statement
Indian company, Sednaoui control land allocated for new El-Mex Salines Company factory: CEO
Delay in transferring the company’s factory is causing losses estimated at EGP 46m, besides $20m layoffs and compensations, says Abdel Aziz
Ministry of Industry continues free trade negotiations with African IMO, CEMAC blocs
Egypt is interested in cooperation with Africa, as it is the second-fastest region in the world in growth rate after Asia, says industry minister
OCI NV merges with US’s CF Holding to form world’s largest fertilisers firm
Deal valued at $8bn, OCI would own approximately 27.7% of the new company
German factory orders surge in June
German industrial orders are up significantly in June, surprising analysts expecting more moderate growth amid economic turbulence in Greece and China. A weak euro has proven instrumental in filling German order books. German factory orders were up sharply by 2 percent in June, with a weak euro fueling strong global demand, the Economics Ministry said …
