A subsidiary of El Sewedy Electric plans to set up a new industrial city in Tanzania with total expected investments exceeding $400 million, its chief executive said on Sunday.
Mohamed AlKammah, CEO of Elsewedy Industrial Development, said the (...)
Egypt expects construction works would begin on Russia's sprawling industrial zone in the North African country by mid-2024, government sources with knowledge told Amwal Al Ghad on Monday.
The Egyptian and Russian government are in advanced talks to (...)
A consortium, which includes Orascom Construction PLC, Engie, and Toyota Tsusho, has signed on Wednesday a memorandum of understanding for a 3 GW wind project in Egypt.
The Memorandum of Understanding, signed by the three companies and Egypt's New (...)
Turkish state-owned lender Ziraat Bank is considering opening a representative office in Egypt, in the latest signs of warming business ties between the former political foes.
The Turkish bank aims to establish an Egyptian branch later after getting (...)
French fashion label Christian Dior aims to start its operations in Egypt within the fourth quarter of 2024, Egyptian Industry and Trade Minister Ahmed Samir said on Wednesday.
The minister made his remarks after meeting with Jérôme Baudy, president (...)
Six Egyptian companies have been included in the Qualified Industrial Zones (QIZ) agreement with the U.S., a step that shall enable the North African country to unlock $5 billion in exports.
This brings the total number of companies under the (...)
Egypt's competition authority (ECA) has approved a request by 23 cement makers to extend cement production cuts for one additional year until July 31, 2023, senior industry sources told Amwal Al Ghad on Monday.
Last year, the ECA heeded the request (...)
United Arab Emirates food and beverage group Agthia plans to complete a proposed acquisition of 60 percent of Egyptian snacks company Abu Auf Holding within three months, a senior official said on Monday.
Agthia's corporate services officer Mubarak (...)
Egypt is planning to maximise the potential of the Qualified Industrial Zones (QIZ) agreement with the U.S. to unlock $5 billion in exports.
Last year, Egypt reached $1.2 billion in exports under the 2004-agreement, which grants Egyptian products (...)
Uruguay is looking to reach a framework agreement with Egypt to work together on green hydrogen production, Egyptian Minister of Industry and Trade Nevine Gamea said on Monday.
"The ministry has received two official letters from Uruguay's Minister (...)
Egyptian President Abdel Fattah al-Sisi said on Tuesday the country had "no issue" with the provision of its needs of staple goods and that its strategic reserves of wheat reached almost 5.5 million tonnes.
His comments came amid concerns over (...)
Egyptian steel manufacturer El-Garhy Steel Group has submitted a mandatory offer to acquire 100 percent of shares of the National Company for Glass and Crystal (NCGC), an El-Garhy official announced on Wednesday.
Mohamed El-Garhy, vice chairman and (...)
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has approved a $2.6 billion financing to support developmental projects in Egypt, according to the country's trade ministry statement (...)
The American Chamber of Commerce in Egypt (AmCham Egypt) has kicked off on Monday its annual 43rd door-knock mission to the U.S. aimed at bolstering bilateral cooperation between the two countries.
Omar Mehanna, chairperson of the Egypt-US Business (...)
Egyptian fertiliser company Evergrow is in talks with banks to raise 6 billion Egyptian pounds ($382.4 million) in debt financing, its chairman said on Monday.
The company expects to sign a financing deal with a consortium led by the National Bank (...)
Egypt's non-oil private sector activity saw weaker conditions in July as output and new orders receded, a survey showed on Tuesday.
IHS Markit Egypt Purchasing Managers' Index (PMI) declined from 49.9 in June to 49.1 in July, below the 50.0 neutral (...)
Russia will be sending a delegation within next August the headquarters of Egypt's Suez Canal Economic Zone (SCZone) in Ain Sokhna, where its long-awaited giant industrial zone is under construction.
SCZone chairman Yehia Zaki said on Wednesday that (...)
Cairo will host the fifth round of free trade talks with the Russia-led Eurasian Economic Union (EAEU) member countries next November, Egyptian Trade Minister Nevine Gamea announced on Thursday.
The EAEU, which includes Armenia, Belarus, Kazakhstan, (...)
Poland is choosing Egypt to build its first overseas industrial zone, as it will be in Egyptian canal city of Ain al -Sokhna.
On Tuesday, Poland's Katowice Special Economic Zone (KSEZ) has signed a framework agreement with the Suez Canal Economic (...)
Egyptian-based Tredco for Engineering has installed a solar unit at its new refrigerators factory worth E 3 million Egyptian pounds, according to its Chairman Sherif El Sayad
El Sayad said that the electricity bill's cost was 1.2 million pounds (...)
Exporters have received 2.4 billion Egyptian pounds of subsidy arrears from the Export Development Fund since February as the Trade and Industry Ministry launched the second phase of the export support initiative
The subsidy programme allows (...)
Egypt will be imposing anti-dumping duty on imports of aluminum products, according to Egyptian Minister of Trade and Industry, Nevine Gamea.
The decision will be in effect for three years starting from mid-April, Gamea said in a statement on (...)
Egypt ends of the crisis of the Ugandan authorities imposing 35 percent custom tariffs on Egyptian exports of iron sheets in violation to the COMESA agreement, according to he Egyptian Minister of Trade and Industry, Nevine Gamea.
The ministry's (...)
Philip Morris Egypt has raised prices on some of its brands, including Marlboro, L&M, and Merit, the company announced in a statement on Monday.
The new prices take effect on Monday.
The average price of a pack of Marlboros – of different kinds (...)
Egypt's new citrus season has just begun and its first shipments of locally produced oranges have been exported to Brazil, Egyptian trade minister announced on Monday.
The shipments of the new season of Egyptian oranges has been sent to the (...)