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Industry & Trade
DP World to build a sprawling industrial zone in Egypt’s Ain al-Sokhna
Dubai port operator DP World plans to build a 10 million square metre industrial zone in the Egyptian Red Sea port…
EGAS intends to sign 7 deals with $690m investments in FY20/21
The Egyptian Natural Gas Holding Company (EGAS) seeks to ink seven new agreements with total investments of $690…
Egypt’s Suez Canal post revenues to $5.8 billion in 2018/19
Egypt's Suez Canal Authority, has announced that the revenues from the Suez Canal rose to $5.8 billion in 2018/19…
Mankai halts China-Egypt textile park roadshow plans on coronavirus outbreak
The outbreak of the coronavirus is driving Mankai Investment to halt its roadshow to promote an anticipated…
Apache Corp, Pharos Energy bid for Shell’s Egypt onshore assets
Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and…
Egypt raises taxes on all tobacco & cigarette products
Egypt will increase Tobacco and cigarette prices at different rates as of Tuesday after parliament’s approval on…
Egypt’s exports under QIZ agreement record $12.3B in 14 years
Egyptian exports under the Qualifying Industrial Zone (QIZ) Agreement recorded $ 12.3 billion in 14 years, from…
Pharaonic Petroleum to pump $277 investments in FY20/21
The total output of Pharaonic Petroleum Company reached 435 million cubic feet of gas per day and about 8,000…
Egypt’s non-petroleum exports increase 4% YoY in January
Egypt’s non-oil exports rose by $85 million or 4 percent year-on-year (YoY) during January, according to the…
CI Capital posts an increase in net profit by 46% during 2019
CI Capital achieved net profit of 544.8 million Egyptian pounds in 2019, an increase of 46%percent year-over-year…