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Public Enterprise Sector Ministry signs contract for $270m 1st batch of modern textile machinery
Total contracts valued at $540m, second batch contracts to be singed before August 2019
Trade ministry, Messe Frankfurt discuss establishing international trade fair for textile industries in Egypt
The Minister of Trade and Industry, Amr Nassar, held an extensive meeting with representatives of Germany’s Messe Frankfurt (Frankfurt Trade Fair), headed by Uwe Behm, a member of the organisation’s board of directors, to review their plan to establish an international trade fair for textile industries in Egypt in the coming period. The minister said …
Public Enterprise Ministry to finalise textile sector reforms within 30 months
We seek to partner with private sector for beneficial management of companies, says Tawfik
Kabil, 50 Chinese textile business leaders discuss investment opportunities in Egypt
There are great opportunities for investment partnerships between Egyptian, Chinese private sectors, minister says
6% increase in Egyptian textile, spinning exports in 2017
The Egyptian Textile Export Council announced that Egyptian textile and spinning exports increased by 6% in 2017, to record $832m compared to $783m in 2016. This keeps pace with the announcement of Minister of Trade and Industry Tarek Kabil in January 2018, during the visit of President Abdel Fattah Al-Sisi to Sadat City, that Egypt …
Industry Ministry launches the second textile city in Badr on one million sqm
The city includes 198 plots of land for spinning, weaving, clothing and dyeing industries, says minister
Egyptian textile exports increase 12%, imports decline 59%
Cultivated cotton field areas increased to 215,000 feddans compared to 120,000 last year, says Kabil
Thousands of workers strike at Mahalla textile factory
Workers demand the newly issued 10% bounce as well as late payments
Implementing “The Better Work” programme to start by June: Kabil
Two international forums will be held in November to gather buyers, producers, and exporters for the textile industry, says Kabil
1m sqm provided for development of textile industries in Badr city: Minister of Industry
The Ministry of Trade and Industry will provide 1m sqm of land for textile and clothing industries in Badr City in December as part of the government plan to develop 10 industrial areas dedicated to textile and clothing manufacture over the next five years, minister Tarek Kabil announced. According to a press release from …
Additional textile factory workers referred to prosecution
For the fifth day, the workers have been on strike, demanding their company’s manager be fired for ’snitching’ on a fellow worker
Manufacturers’ request focus on textile sector
Panel explain 24% of non-petroleum exports are textile products
Industry Ministry discusses ways to support textile industry
The National Strategy for Textile Industries aims to increase exports to $10bn by 2025, said Kassim
Ownership of NCGC to be transferred to Holding Company for Cotton Spinning and Weaving
Privatisation of the Nile Cotton Ginning Company (NCGC) was halted by the Administrative Court in September 2013 and the company’s ownership was returned to the state
33 Indian textile companies participate at Intexpo Egypt
India is the second largest destination for Egyptian exports, with bilateral trade volume reaching $5bn, says Indian Ambassador to Egypt
Agriculture Ministry suspends cotton imports starting July
The step was taken targeting the protection of locally produced cotton.
Removal of cotton subsidies will harm textile industry: Chairman of Eastern Cotton Co.
Removal of subsidies continues, with agriculture minister announcing the removal of subsidies for cotton cultivation
NGOs’ reports slam judicial, security and economic system of 2014
“Decisions that affect the entire populations are made in a legislative vacuum, without transparency and in the absence of accountability mechanisms,” says EIPR
IPOs will support public sector businesses: Minister of Industry
Abdel Nour said that the investment climate has improved significantly over the past three months.
Head of Textile Workers’ Union proposes initiative to halt strikes
Mahalla textile factory workers suspend strike for two months, pending the government’s response to their demands
Banks should contribute to all economic sectors equally: Bankers
“What matters for banks is the ability to meet deadlines for loan repayments,” says former Chairman of Misr Iran Development Bank
Old textiles transform into artwork
New exhibition aims at reviving an ignored art form
The German-Arab Chamber of Commerce trains 1,000 women
GACIC and ILO will train women over a year before they are offered a one-year job contract by employers
More labour protests due to unpaid wages
Workers in Alexandria enter sixth day of sit-in
Scuffle in Shura Council textile commission
Dozens of protesters gather at investment ministry while Shura Council faces textile industry challenges
CAPMAS: Trade deficit has risen 48 per cent
By Hend El-Behary Egypt’s trade deficit nearly doubled, reaching EGP 17.6 billion in June, compared to EGP 11.9 billion in the same month last year, a 47.9 per cent jump according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). Exports have plunged by 18 percent, falling to EGP 14.6 billion, a decrease of …
Government takes measures to rescue ailing textile industry
HCSW holding a meeting, discussing developing its subsidiary companies