Egypt El Sewedy Electric unit plans $400 million industrial city in Tanzania
A subsidiary of El Sewedy Electric plans to set up a new industrial city in Tanzania with total expected…
Author
Egypt expects construction to start on Russian industrial zone by mid-2024
Egypt expects construction works would begin on Russia’s sprawling industrial zone in the North African country by…
Orascom Construction, Engie, Toyota Tsusho granted land for 3 GW wind project in Egypt
A consortium, which includes Orascom Construction PLC, ENGIE, and Toyota Tsusho, has signed on Wednesday a…
Six more Egyptian companies join QIZ agreement with U.S.
Six Egyptian companies have been included in the Qualified Industrial Zones (QIZ) agreement with the U.S., a step…
UAE’s Agthia seeks to complete Egypt’s Abu Auf acquisition in 3 months
United Arab Emirates food and beverage group Agthia plans to complete a proposed acquisition of 60 percent of…
Egypt eyes $5 billion in QIZ exports with U.S.
Egypt is planning to maximise the potential of the Qualified Industrial Zones (QIZ) agreement with the U.S. to…
Egypt’s Sisi says ‘no issue’ with staple goods reserves, wheat stock at 5.5 mln tons
Egyptian President Abdel Fattah al-Sisi said on Tuesday the country had “no issue” with the provision of its needs…
AmCham-Egypt mission starts door knock mission to U.S. today
The American Chamber of Commerce in Egypt (AmCham Egypt) has kicked off on Monday its annual 43rd door-knock…
Egypt’s Evergrow expects signing EGP 6 billion financing deal early October
Egyptian fertiliser company Evergrow is in talks with banks to raise 6 billion Egyptian pounds ($382.4 million) in…
Egypt’s non-oil private sector activity falls, but job creation rates pick up – PMI
Egypt’s non-oil private sector activity saw weaker conditions in July as output and new orders receded, a survey…
Russia to send delegation to Egypt in August for its mega industrial zone project
Russia will be sending a delegation within next August the headquarters of Egypt’s Suez Canal Economic Zone…
Tredco installs an EGP3mln solar unit at its refrigerators factory
Egyptian-based Tredco for Engineering has installed a solar unit at its new refrigerators factory worth E 3…
Philip Morris Egypt raises cigarette prices in Egypt
Philip Morris Egypt has raised prices on some of its brands, including Marlboro, L&M, and Merit, the company…
Egyptian Competition Authority is ready to review Alameda-Cleopatra Hospitals mega merger
Egyptian Competition Authority is gearing up to review the mega-merger between Cleopatra Hospitals Group (CHG) and…
Egyptian Competition Authority awaits parliament approval on amendments to Antitrust Act
The Egyptian Competition Authority (ECA) is waiting on the House of Representatives to sign off on proposed…
Egypt’s Polaris awaits licenses to start second phase of Bosla industrial complex
Industrial developer Polaris Parks is waiting to receive essential licenses to the start construction of Bosla 2…
Investors union asks trade ministry for a respite from property tax on factories
Egyptian Federation of Investors Associations EFIA has submitted a request to the ministry of industry and trade to…
Oriental Weavers subsidiary agrees with 9 local, Arab firms to invest in SCZone
Oriental Industrial Development, a subsidiary of Oriental Weavers Group, said that it has signed agreements with…
Geocycle Lafarge Egypt disposes hazardous waste at Egyptian ports safely
The waste management solutions provider Geocycle Lafarge Egypt, a member of LafargeHolcim, has teamed up with the…
Egypt Cabinet extends consumer spending initiative; one more month of discounts
Egyptians are getting at least one more month of consumer discounts after Cabinet agreed to extend the government’s…
USAID, Egypt sign $22.8 million financing agreement
The U.S. Agency for International Development (USAID) signed on Wednesday with Egypt’s Ministry of International…
Egypt’s industries federation expects Africa free trade Agreement to see light early…
The African Continental Free Trade Area will come into effect early next year as 30 countries in the continent have…
Egypt’s commodities exchange plans to add iron, gold, cotton to its spot-trading platform
Egypt’s commodities exchange is planning to add some non-agricultural produces such as iron, gold, and cotton to…
32 Russian companies keen to invest in Russia’s industrial zone in Egypt
Around 32 Russian companies are keen to invest in Egypt’s anticipated Russian industrial zone in the new Suez Canal…
Egypt awaits a clarification after Kenya imposes 25% tariffs on Egyptian exports
The Kenyan government has imposed 25-percent tariff on Egyptian exports in violation of the COMESA free trade…
East Port Said Development to receive 1.5 million sqm in Suez Canal Axis by Q1 2021
East Port Said Development company is set to receive 1.5 million metres square from the Suez Canal Economic Zone…
Saudi CPC to finish developing 1.1mln sqm in Sadat City by 2021
Saudi-based Construction Products Holding Co. (CPC) plans to complete development of 1.1 million metres square of…
Sisi: Egypt hopes $100 billion exports in 3 years
Egypt hopes to increase its exports to around $100 billion within the next three years, through maximising the…
7 types of TV panels cheaper under Egypt’s consumer-spending initiative
The Egyptian government has on Sunday dedicated a website for consumer-spending initiative, which will provide…
Evergrow to receive EGP360 bln finances from a Gulf banking consortium in August
Egyptian fertilizer company Evergrow is seeking to complete the procedures of receiving 360 Egyptian pounds from a…
Egypt’s GAFI okays establishment of 30 new projects within Saudi CPC industrial zone
The General Authority for Investment and Free Zones (GAFI) on Saturday approved 30 new projects set to be…
399 investors reserve 193 units in 3rd phase of industrial investment map
A number of 399 investors has reserved 193 industrial lands as part of the third phase of the industrial investment…
Egypt to launch 250,000 additional social housing units nationwide
Egypt’s government decided on Wednesday launching 250,000 additional social housing units nationwide.
East Port Said Development to receive 1.5 sqm in Suez canal axis
East Port Said Development company is set to receive 1.5 million metre square from the Suez Canal Economic Zone…
Egypt reviews QIZ unit plans of doubling exports
The Ministerial Economic Committee in Egypt reviewed the findings of the Egyptian committee assigned to study the…
Evergrow to float 25% of its shares on Egypt’s stock exchange by 2021-end
Egyptian fertilizer company Evergrow is planning to sell a 25 percent stake in an IPO on the EGX by the end of …
PepsiCo aims to inject $100m new investments into Egypt
PepsiCo Egypt is looking to invest $515 million in the local market between 2018 and 2021, the company’s chairman…
Egypt’s economy grows 5% in first quarter, misses government target due to coronavirus
Egypt’s economy grew 5 percent in the first quarter, official data showed on Wednesday, lower than the government’s…
U.S. hails IMF loan approval for Egypt, reiterates support for its economic development
U.S. Ambassador to Cairo Jonathan Cohen welcomed on Wednesday the International Monetary Fund's (IMF) approval of…
Egypt’s Evergrow targets less than planned exports of $220 mln in 2020 due to…
Egyptian fertilizer company Evergrow has downgraded its exports target to $220 million down from $280 million as…