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5.85% decrease in Egypt’s manufacturing, extractives index in May 2021

5.85% decrease in Egypt’s manufacturing, extractives index in May 2021

Egypt saw a 5.85% decrease in its manufacturing and extractive index in May 2021, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).The data was reported in a press release on Sunday about the primary data of manufacturing and extractive industries of production index of May 2021.The agency has updated the index methodology …

Daily News Egypt

Shortage of iron billets hits rolling mills locally

Shortage of iron billets hits rolling mills locally

Rolling mills in Egypt are currently suffering from low availability of iron billets production locally. The hiccup in supply has forced factory closures due to their commitment to workers, as well as their bank obligations that require them to fulfil a guarantee of factory operations. Tarek El-Gioushy, member of the Chamber of Metallurgical Industries at …

Shaimaa Al-Aees

20,000 citizens register data under Car Replacement Initiative: Trade Minister

Egypt’s Minister of Trade and Industry Nevine Gamea has revealed that 20,000 citizens registered their data, during the recent Go Green Exhibition, to benefit from the government’s Car Replacement initiative. Gamea said that the initiative aims to convert and replace vehicles to run on clean energy and natural gas. Of the registrants, more than 10,000 …

Nehal Samir

nevine gamea , MSMEDA

MSMEDA provides EGP 3.7bn in funding to youth projects during 11M 2020

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) provided EGP 3.7bn in funding to 124,000 small and micro businesses from January to November 2020, according to Minister of Trade and Industry, and MSMEDA Executive Director Nevine Gamea. The funding helped create a total of 195,000 job opportunities, Gamea said. She added that EGP 119m …

Hossam Mounir

Abu Qir Fertilizers

Abu Qir Fertilizers increases production capacity of its “3” plant

Abu Qir Fertilizers launched a project to reduce carbon dioxide emissions and raise the production capacity of the Abu Qir 3 plant. The company said in a statement to the Egyptian Exchange on Sunday that the procedures include awarding a license to Stamicarbon to carry out technical studies for the development of the liquid urea …

Alyaa Stohy