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Industry & Trade
Egypt’s trade deficit records $2.7 billion in September, decrease 32.4 %
Egypt’s trade deficit dipped 32.4 percent during September 2020, recording $2.7 billion, compared to $4 billion in…
Egyptian government mulls creating a fund to boost automotive industry, minister
Egypt's government is studying the possibility of creating a fund designed to boost the automotive industry in…
Egypt can become an automotive hub, Nissan Africa chief says
Egypt needs to cancel dutyfree access for imported cars if it wants to encourage domestic car assembly and become a…
Hotel occupancy rates are at 5% only in Marsa Allam, a rebound by March
Hotel occupancy rates in the popular resort town of Marsa Allam are now at 5 percent following the second wave of…
Greek energy company Energean acquires Italy’s Edison portfolio including assets in Egypt
Greek energy company Energean has completed the acquisition of Edison’s energy portfolio, which includes…
Egypt to establish 4 logistics centres, branches in Africa during 2021
Leading public enterprise sector company, El-Nasr Export & Import Co, is seeking to establish four logistics…
Egypt’s Mashroak pumps EGP 16.5bn into 158k SMEs
The Egyptian National Programme for Community, Human, and Local Development (Mashroak) has financed about 158,000…
Egypt, Russia upbeat as Eurasian Economic Union free trade talks enter new round in Q1
Egypt expressed optimism about the prospect of a free trade deal with the (Russia-led) Eurasian Economic Union…
Abu Dhabi’s ADNOC considers acquiring Egyptian military-affiliated Wataniya…
Abu Dhabi National Oil Co. (ADNOC) is mulling the acquisition of a majority stake in Wataniya Petroleum Company,…
Cement manufacturers produce 38 mn tonnes by 2020-end more than Egypt needs, Lafarge CEO
Cement manufacturing remains plagued by its longstanding oversupply problem, with existing production lines during…