Egypt's food industries sector is getting ready to receive the holy month of Ramadan (an Islamic month during which Muslims fast) by redoubling the production of some commodities that highly needed during the month such as the dairy and eastern (...)
Dr. Rainer Herret- CEO, German-Arab Chamber of Industry and Commerce, stated that the terms of trade (TOT) between Egypt and Germany estimated at €4 billion.
Herret, in his exclusive statements to "Amwal Al Ghad", said that the Germany exports to (...)
The volume of German aids to Egypt has totaled up to € 350 million, the country's ambassador to Egypt Mr. Michael Bock told Amwal Al Ghad on Thursday.
On the sidelines of the inauguration of the second branch of "National Employment Pact" (NEP), (...)
German ambassador to Egypt, Mr. Michael Bock, inaugurated this morning the second branch of "National Employment Pact"(NEP), which was founded by the German government's funds in the aftermath of 25th January Revolution with the aim of providing (...)
Alex Bank Intesa Sanpaolo plans to join the National Bank of Egypt (NBE), Bank Audi Egypt and Industrial Development and Workers Bank of Egypt in a program to finance franchise projects through the franchise finance gateway recently launched by the (...)
Egypt's Mo'men Group is pursuing to establish 8 new branches at EGP 25 million investment costs in 2013. The 8 new branches are divided into 4 branches by the franchise system and the other 4 branches by the Group's private investments.
Mohamed (...)
Both of the Egyptian Minister of Industry, Eng. Hatem Saleh, and the Secretariat of the Social Fund for Development (SFD), Ghada Wally, along with Tareq Wafiq, Chairman of the Egyptian Business Development Association (EBDA) inaugurated on Wednesday (...)
The Engineering Export Council of Egypt is aiming at multiplying the exports within five years through implementing a strategic marketing plan, which is being finished, particularly after achieving growth rate in the exports ranged between 20% and (...)
Citadel Capital's subsidiary Mashreq Petroleum announced today the signing of a concession agreement entailing a period of 25 years with the Port Said Port Authority in addition to another conditional 5 years for achieving 90% of the agreed upon (...)
The International Business & Investment Association (IBIA) has formed five international coalitions to kick off implementing the project of developing Suez Canal Axis next July.
Waleed Abdel Ghafar, head of the technical secretariat of the project, (...)
The US Ambassador to Cairo, Anne Patterson, has revealed that the $ 40 million US aids to Egypt, which were supposed to support democracy and develop the civil society, suspended after pursuing a number of NGOs and arresting some of their (...)
The Food Industries Chamber, at the Federation of Egyptian Industries (FEI), has invited the companies, which are members in the chamber, to take part in the functions of the international convention PACKOLOGY 2013 in Italy from 11 to 14 June (...)
James Harmon, Chairman of the Egypt-American Enterprise Fund, said the capital of the fund at the current time is $ 60 million, while another $ 60 million will be added within few months, and then $ 180 million during three years.
During a press (...)
Gold prices in the Egyptian market on Tuesday have fell for the second day in a row this week driven by global gold sufferings as gold recently shed from US$1630 to US$ 1363.
Nady Naguib, member of the gold traders chamber, has attributed the fall (...)
The Egyptian Ministry of Finance approved allocating EGP 30 million to complete the construction of Al Robeky project, and to increase the capacity of the waste-water treatment unit from 4000 to 24.000 square meters in order to meet the needs of the (...)
Suez Company for Polyester is about to finish the expansions in its factory at value of EGP 100 million. The company will expand its factor by constructing two production lines to recycle the Polyethylene terephthalate (PET).
Mahmoud Ramadan, Board (...)
Wood Working and Furniture Industries Chamber at the Federation of Egyptian Industries (FEI) has filed a complaint to the Prime Minister Hesham Kandil and Minister of Industry and Foreign Trade Hatem Saleh against the National Bank of Egypt (NBE) (...)
On Wednesday The Engineering Industries Chamber, at the Federation of Egyptian Industries (FEI), and some representatives of the General Organization for Government Service will look into the problems that hamper the participation of the Egyptian (...)
BMW & Bavarian Group is planning to increase its volume of investments in Egypt seeking to reach US$10 million within 2013, CEO said on Wednesday. This comes within BMW's expansion plan for the region for the year of 2013.
In an exclusive statement (...)
CEO of BMW & Bavarian Group has negated on Tuesday the news about withdrawing the company's investments from the Egyptian market by the end of 2014.
In an exclusive statement to Amwal Al Ghad, CEO Farid El Tobgy said BMW's investments in Egypt (...)
The Industrial Investors' General Syndicate (IIGS) has called for reviewing all the decisions and procedures relate to the subsidy, setting disciplines and connecting the subsidy to the rates of domestic manufacturing; paving the way to boost the (...)
Global Pharma Company will open a new factory in Bani Sweif's industrial zone by the end of year, at a capital of EGP 100 million.
Dr Adel Abdel Maksood, Board Chairman of Global Pharma Co, said the new factory is on an area of 7000 square meters, (...)
Eng. Hamdy Abdel Aziz, Board's Chairman of the Chamber of Engineering Industries, at Federation of Egyptian Industries (FEI), has warned of retreating the competitive level on the Egyptian product because of it high cost, which ranges between 15 and (...)
Eng. Said Ahmed, Chairman of Home Textile Export Council, unveiled that Egypt has lost one of the biggest export contract in home furnishings sector, which was announced by the biggest commercial group in Europe through a bid. But the European group (...)
The Egyptian Textile Export Council has suggested that the Industrial Development Authority (IDA) has to approve decreasing the building on the land necessary for industrial activity, in order to prove its seriousness. This decrease is based on the (...)