Latest in Tag: Ministry of Industry and Foreign Trade Highlight
Latest in Tag: Ministry of Industry and Foreign Trade

Egyptian products to be sold in 275 outlets in Iraq’s Kurdistan: Industry and Foreign Trade Ministry
Egyptian companies will showcase their products for free for the first two years

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

Ball Corporation considers investing $60m into Egypt branch: Trade Minister
Ball Corporation’s investment in Egypt reaches EGP 840m, says minister

Up to 50% of metro carriages are locally manufactured: Trade and Industry Minister
SEMAF delivered 11 air conditioned stainless steel metro carriages for the ERA

Ministry of Industry establishes Handicrafts Industries Chamber
The chamber includes industries of handmade textiles, pottery, porcelain, ceramics, woodwork, metal handicrafts, carpets and jewellery

Ezz Steel records EGP 145.9m losses in Q1 2015
In 2014, the company lost EGP 835.5m

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

‘Egyptian Industrial Product Preference’ regulation will decrease foreign product imports: FEI board member
The regulation states that the proportion of Egyptian components in industrial products should not be less than 40%
Industrial commodity production increased 5.7% in FY 2013/2014: CAPMAS
Food production hiked by 46.9%
Steel prices decline in July
Production in July marked 130,825 tonnes

Ministerial Economic Committee should provide EGP 5bn to support exports sector: Al-Suwaidi
Amount allocated for exports was set for EGP 2.6bn, instead of the initial EGP 5bn that was declared for the FY 2015/2016 budget

Ezz Steel loses EGP 835.5m in 2014
Company’s former chairman Ahmed Ezz was released on bail from prison in August 2014

Industry Ministry studies new steel, cement licences
Head of Metallurgical Industries chamber says there is a gap between steel factories production capacity and actual production

Egypt invites 100 Italian companies to Economic Summit: Abdel Nour
Government implemented financial, monetary reforms to restore global market confidence and reassure them about investing in Egypt, says Salman

Egyptian exports decrease by 20% in January
Foreign Trade Ministry targets $28bn in non-petroleum exports in 2015

Government to put forward tender to develop Safaga Mining Port for investors: Industrial head
Ministry of Industry and Foreign Trade working to develop Safaga Mining Port at cost of EGP 30bn, to increase the commercial and industrial activity in southern Egypt

Local steel producers do not expect high profits in 2014: Egyptian Steel chairman
Value of government-imposed protection fees is low, Ahmed Abou Hashima says

Egyptian exports fall 12.52% month-on-month
October exports register $1.309bn

Conflicting reactions to new fees on imported steel
Egyptian steel importers to pay EGP 290 fees per tonne, analysts expect increase in steel prices

Non-oil exports hit $11.8bn since beginning of 2014
Exports continue to rise for the second consecutive month, after a series of dips during the first five months of 2014

Jewellery Technology Centre prepares Egypt’s talent for international market
The Centre offers training in all things design, so young designers can build their brands and compete internationally
British companies visit Egypt to study investment prospects
The Egyptian British Business Council will study the two countries’ cooperation in the industries of information technology, communication, logistics, textiles and food

Ministry of Industry announces development of 35 industrial zones
The zones, spread across 22 governorates, will be outfitted with basic infrastructure by the end of June

Egypt and Jordan prepare for 24th Joint Commission cycle
Cycles closing session expected to witness the signing of several executive programmes in various areas, says planning minister

Minister of Industry meets with Merkel’s economic adviser to discuss investments
Lars-Hendrik Roller highlights the significance of restoring stability and security in nurturing economic relations between Egypt and Germany

Ministry of Industry, SFD team up to support insolvent Mit Ghamr aluminium factories
Around 960 factories all over Egypt are insolvent and seeking funds to resolve their problems, according to a statement from the Ministry of Industry

New committee to improve quality of Egyptian prosthetic device industry: Ministry of Industry and Foreign trade
Ministry to form a committee to improve quality of domestic manufacturing of prosthetic devices and accommodate needs of the disabled

Italy considers boosting investment in Egypt
Coming months will witness new programmes to expand economic cooperation between both countries, says Valensise

Minister of Industry prepares for France visit in February
Abdel Nour says visit aimed at restoring confidence of French businessmen after ratification of new constitution

IDA launches EGP 16m industrial zone project in Luxor
Cooperation protocol signed between Luxor governorate and Industrial Development Authority, as overseen by Minister of Industry