The coronavirus outbreak has forced various economic sectors and industries across the world to stagnate, with one of the most prominent of these sectors being the auto sector. Auto sales have stalled due to the economic uncertainties, forcing the (...)
Yehia Zaki, Chairperson of the General Authority of the Suez Canal Economic Zone (SCZone) said that the authority is organising a conference for investing in its projects, which is scheduled for next March at the Galala area.
He added that the (...)
Egyptian exports to Germany amounted to about $1.5bn annually, while the value of German exports to Egypt is approximately $3bn.
German ambassador in Cairo Cyrill Nunn spoke to media for the first time since he took over the position in August 2019. (...)
Reactions varied about the stimulus package that the government seeks to implement with the aim of promoting the electric car industry in Egypt, especially with its widespread in various countries of the world.
Ayman Mohamed, founder of Electrified (...)
Düsseldorf Fair Authority organises Wire Dusseldorf 2020 exhibition 30 March to 3 April 2020.
The German-Arab Chamber of Industry and Commerce (AHK) in collaboration with Wire Düsseldorf have organised press conference on Wednesday to announce the (...)
Sherif El-Gabaly chairperson of the Egyptian Chamber of Chemical Industries at the Federation of Egyptian Industries (FEI) said that Africa is one of the largest developing continents in the world in industrial sector, and it accounts for a large (...)
The Egyptian General Petroleum Corporation (EGPC) formed a new committee to valuate the assets offered by the Ministry of Public Enterprise Sector to settle the debts owed by the ministry's subsidiary companies to the EGPC.
A government source told (...)
Egypt's Minister of Investment and International Cooperation, Sahar Nasr, is set to sign a development agreement with Germany, on the sidelines of President Abdel Fattah Al-Sisi's visit to Berlin next week, according to German Ambassador to Egypt (...)
The car market is anticipating the impacts of eliminating customs on Turkish-origin cars, as part of the Free Trade Agreement between Egypt and Turkey.
Many wonder about the expected reduction in the car prices, in addition to whether the agreement (...)
The construction of Alexandria Metro will begin in the first quarter of 2020, at a cost of EGP 17bn, Governor of Alexandria Abdul Aziz Qansua told Daily News Egypt.
He explained that the technical and financial studies of the project have been (...)
A delegation of the German-Arab Chamber of Industry and Commerce (AHK) and the Bavarian Ministry of Economic Affairs, Regional Development and Energy announced opening a business representation office in 2020 in Cairo, during their current visit to (...)
SMG engineering automotive company, agent of the German brand Porsche in Egypt, opened a new Porsche facility in Cairo, in the presence of Chairperson and CEO of SMG group, Ibrahim Ghattas and CEO of Porsche in the Middle East, Manfred (...)
An official source at the Egyptian Customs Authority ruled out making any changes in the Free Trade Agreement (FTA) between Egypt and Turkey, despite the recent diplomatic tension between the two countries and some calls for escalation, stressing (...)
The Suez Canal Economic Zone (SCZone) plans to deliver 500,000 sqm of the Russian industrial zone by the end of this year.
Yehia Zaki, head of the SCZone, told Daily News Egypt that it was planned to complete the development of 500,000 sqm of land (...)
Ashraf Mansour, Chairperson of the Board of Trustees of German University in Cairo (GUC), said the university is Germany's largest bilateral transnational educational project, accounting for 42% of the total number of students and graduates studying (...)
Bavaria Egypt – Fire Fighting Solutions intends to add two production lines to its plant with a total investment of €2m during 2019, according to the company's Chairperson and president of Egyptian German Business Council Nader Riad.
Riad told Daily (...)
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, a German development agency, is planning to provide employment and training opportunities, together with infrastructural improvements in disadvantaged urban areas. Daily News Egypt (...)
Lufthansa Group recently appointed a new Senior Director Sales North Africa, Near East, and Turkey, Silke Wobken who has been overseeing these regions with Lufthansa's General Manager Sales Egypt Sadiq Mohamed, on her team since July. Daily News (...)
The German-Arab Chamber of Industry and Commerce (AHK) is working on promoting Egyptian products in Germany, and fostering economic relations between the two countries, said the AHK's CEO Jan Noether.
Noether told Daily News Egypt that the (...)
Techno Pharma Egypt, a subsidiary of Pharco Pharmaceuticals, announced in a press conference that it plans to double its production of contraceptives in the coming period.
Managing Director of Techno Pharma, Ahmed Refai, said the company is pumping (...)
The Lufthansa Group is pleased to announce they will be increasing their flight offering in Egypt during the upcoming winter schedule. Lufthansa will be increasing weekly connections from Cairo to Frankfurt from seven to ten flights per week and the (...)
A delegation of government members and a number of Egyptian businessmen visit Germany today to discuss attracting foreign investments to the Egyptian market.
Emad Ghaly, president of German-Arab Chamber of Industry and Commerce (AHK), said that the (...)
The German government is providing technical and financial assistance to Egypt in promoting technical education and entrepreneurship, as the financial assistance reaches approximately €400m toward technical education in Egypt to promote local (...)
Ramadan is known for producing many advertisement campaigns for many brands.
Being a spiritual month, many NGOs, hospitals, and charity organisations that rely on donations exploit Ramadan to attract more people to donate through advertising.
During (...)
German ambassador to Egypt, Julius Georg Luy said that Egypt and Germany have resumed negotiations on debt swaps which were stopped due to some economic and political issues.
Luy told Daily News Egypt that the value of the debt swap reached €240m, (...)