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Industry & Trade
Euro zone recovery slows in September as coronavirus infections rise
Euro zone business activity has taken a hit in the month of September as countries face a second wave of…
US represents 17% of Egyptian glass exports in 7M
The US has accounted for 17 percent of the total Egyptian exports of glass and its products in the first seven…
Egypt’s GASC purchases 405k tonnes of Russian wheat in global tender
The Egyptian General Authority for Supply Commodities (GASC) purchased 405,000 tonnes of Russian wheat in an…
Egypt assigns EGP 13bn for low-income under consumer spending initiative
Egypt's finance ministry revealed that an amount of 13 billion Egyptian pounds has been allocated to ration card…
Egypt’s manufacturing index falls 6.5% in July – CAPMAS
Egypt’s index of manufacturing and extractive industries, excluding crude oil and petroleum products, fell by 6.5%…
La Mancha, Centamin, Barrick Gold bid for Egypt’s gold mining tender
Canadian mining firm Barrick Gold, Naguib Sawiris’ La Mancha, and Egypt-focused Centamin are among the companies…
East Mediterranean Gas Forum officially turns into an Egypt-based organisation
Six states signed a charter for an Egypt-based energy forum on Tuesday, giving formal status to a group that seeks…
Raya Auto invests EGP 200 mln in local EV assembly over 3 years
Raya Holding’s automotive arm, Raya Auto, is investing 200 million Egyptian pounds ($12.7 million) in the local…
World Bank mulls $640 mn loan to fund Egypt’s railway upgrades
The World Bank is studying $641.2 million loan to fund a project to improve safety provisions on the railway line…
Egypt launches second export support initiative
The Egyptian Ministry of Finance announced the launch of the second initiative for supporting small exporters under…