Latest in Industry Highlight
Latest in Industry
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have signed a Memorandum of Understanding (MoU) for the financing and promotion of Africa’s automotive industry.
Egypt’s chemical industries exports to Turkish market amounted to $766m in 2020, increase of 12% compared to 2019
Germany is third largest importer worldwide in all commodity sectors, says FEC
Division expects EVs to spread significantly between now and 2026, with opening charging stations
Egypt’s Minister of Trade and Industry Nevine Gamea and Minister of Military Production Mohamed Ahmed Morsi have witnessed the signing ceremony of a joint manufacturing agreement to produce electric buses in Egypt.
Total of 48 public enterprise sector companies lost EGP 60bn in past few years, says Minister Hisham Tawfik
IDB’s financing programmes aimed at contributing to implementation of government’s strategy to double Egyptian exports
The Misr Chemical Industries Company (MICH) is planning to obtain a new Evaporation Unit, worth EGP 90m-EGP 130m, and which increases liquid soda concentration and its volumes by 5%-10%.
They discuss removing obstacles that hinder flow of goods between two countries such as customs, taxes
Lease term for industrial units was extended from 5 to 10 years
Pharmaceutical, chemical industries index increases 7% due to higher demand for medicines, disinfectants
Local component in electric cars projected to be 58%, says El Nasr Automotive CEO
Egyptian government vows to protect rights of sacked Iron and Steel workers, cites massive losses at company
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 …
Project to take around 3 years to break even, contribute to company’s cash flow
MSMEs exempted from stamp tax, documentation fees, while custom duties on machinery, equipment reduced from 5% to 2%
Chemical industries, fertiliser exports record average increase of 14% annually over last 4 years, growing from $3.3bn in 2015 to $5.5bn in 2019
Work is underway to launch incentive fund to deepen local products, says Nevine Gamea
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 …
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 …
The Egyptian Chemical Industries Export Council has called on the Egyptian government to reconsider the pricing of natural gas for industrial use, according to the council’s Chairperson Khaled Abul Makarem
Egypt has reported a standard number for its manufacturing and extractive industries, excluding crude oil and petroleum products, of 96.45 in October 2020
President reviewed the most important productive activities to be established within the Suez Canal Economic Zone to localise industry
Country sees investments in industry reaching EGP 49bn in FY 2019/20
The Chemical Industries Export Council, headed by Chairperson Khaled Abul Makarem, has announced that Egypt’s chemicals and fertilisers exports during the first ten months (10M) of 2020 amounted to about $4.165bn.
The Managing Director of Haier Egypt for home appliances and consumer electronics has revealed that the company allocated investments of EGP 200m
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 …
Following the bold economic and social reforms, Egypt is fully qualified to become a regional centre for colours and paint industry, GLC Paints said
Trade Ministry extends application period for units in new industry clusters to 12 December
During the council’s newly-formed Board of Directors’s first meeting on Monday, Abu Al-Makarem stressed the importance, strength, and attractiveness of the chemical industries sector to local and foreign investors. Minister of Trade and Industry Nevine Gamea participated at the meeting.