Egypt will launch a holding fund worth EGP 2bn to guarantee and stimulate domestic consumption, according to Minister of Finance Mohamed Maait.
Maait's comments came on the sidelines of the inauguration ceremony on Sunday, which saw President Abdel (...)
Investors and factories associations are seeking to establish solar power plants to reduce their electricity consumption bill to lower monthly expenses.
The Electricity Law allows the private sector to establish renewable energy plants and sell (...)
Misr for Industry and Trade (Mintra) will establish the first integrated factory for sports shoes in Africa, the Middle East and Europe, specialised in producing shoe materials and final product, before the end of this year.
Hany Qesses, the (...)
The Egyptian-Canadian Business Council will organise a trade mission to Poland and Slovakia next week to discuss further trade cooperation with the two countries. Moataz Raslan, chairperson of the council, said that the mission will include 10 (...)
Egyptian exports within the framework of the Qualifying Industrial Zones (QIZs) agreement reached $752.7m last year.
Ashraf El Rabiey, QIZ unit head at the Ministry of Trade and Industry, said that QIZ exports rose by 1.5% from 2016, with exports of (...)
Fifty new tanneries will be launched in Rubiki in March, bringing the total number of operational tanneries in the leather city to 75.
Mahmoud Serg, a member of the board of directors of the Leather Tanning Chamber of the Federation of Egyptian (...)
Mohamed Shoukry, vice chairperson of the Chamber of Food Industries (CFI) at the Federation of Egyptian Industries (FEI), has demanded separating the roles of supervisory agencies in order to prevent an overlap of competencies.
FEI representative (...)
Egyptian exports within the Qualifying Industrial Zone (QIZ) agreement reached $191m during the first quarter (Q1) of 2017.
Ashraf El Rabie, head of the QIZ unit affiliated to the Ministry of Trade and Industry, said that 98% of total QIZ exports (...)
Minister of Investment and International Cooperation Sahar Nasr signed 4 agreements with the director of operations of the Agence Française de Développement (AFD), Laurence Breton-Moyet, which provide support for the sectors of energy, sanitation, (...)
Britain is seeking to increase the volume of trade exchange and inject direct foreign investments over the upcoming period, according to Ian Gray, head of the Egyptian British Chamber of Commerce (EBCC).
The Egyptian government has undertaken some (...)
Chairperson of the Industrial Development Authority (IDA) Ahmed Abdel Razek said that the authority targets to offer 12 ready industrial complexes to small and medium-sized enterprises (SMEs) during the current year.
Abdel Razek said—during his (...)
Leaders of a number of companies that will take part in the Fruit Logistica Exhibition called upon the government to intensify the role of trade representation offices at Egyptian embassies abroad to become a liaison between companies and (...)
Elsaad for crops targets to increase its exports by 30% in 2017 to reach EGP 130m, compared to EGP 100m in 2016.
Mohamed El-Saad, chairperson of the company, said that his company's total exports amounted to 15,000 tonnes worth EGP 100m, compared to (...)
The Turkish delegation currently visiting Egypt will meet Minister of Industry and Trade Tarek Kabil to discuss means of boosting trade exchange between both countries, secretary general of the Federation of Egyptian Chambers of Commerce (FEDCOC) (...)
The prices of motorcycles increased by 20% in less than two months as the result of price hikes on imported parts and the increase in the price of the customs exchange rate against the US dollar.
Gamal Abd Al-Moety, the chairperson of the (...)
At least 24 people have been found dead and 11 others injured after a building collapsed in Al-Maamoura, a district located in the eastern part of Alexandria, Egypt's second largest city.
Following public outcry, Alexandria police arrested two (...)
The National Bank of Egypt (Khartoum) will attract direct investments worth SU$ 500 million from Egypt to Sudan during three years, said Tarek Amer, chairman of NBE.
The bank will encourage the Egyptian businessmen to invest in Sudan through (...)
The National Bank of Egypt (Khartoum) will support Egyptian and Sudanese businessmen in establishing projects in both countries, said Saber Mohamed Hassan, the chairman of the bank.
On the Sidelines of inaugurating the bank, Hassan said the bank's (...)
The National Bank of Egypt (NBE) will inaugurate a new branch in Juba, South Sudan with a capital of US$ 30 million by the first quarter of 2013.
Hesham Okasha, deputy chairman of NBE, said the capital will be injected into the bank over three (...)
Both of Hatem Saleh, Egyptian Minister of Industry and Foreign Trade, and his Sudanese counterpart signed this morning a memorandum of understanding to construct an industrial zone on an area of 2 million cubic meters; for investment in industries (...)
The Governor of the Central Bank of Egypt Farouk El-Okdah insisted that there is no plans to devalue gradually the Egyptian pound and denied what was said that the International Monetary Fund (IMF) has conditioned its loan to Egypt on devaluing the (...)
The National Bank of Egypt (Khartoum) targets attracting SDG 100 million of deposits by the end of June 2013, said Ahmed El-Leithy, general manager of the bank. The bank succeeded in attracting deposits of SDG 56 million of foreign and local (...)
The minister of culture has decided to close down the Sayed Darwish Theatre in the opera house in Alexandria and hand control of the venue over to the army until its employees end their strike, which started on Monday.
The minister has also decided (...)
Alexandria's Channel 5 headquarters suffered an unprecedented state of confusion after its chief, Ismail Al Sheikha, ordered the evacuation of all employees at once.
The channel's broadcast was abruptly stopped late Wednesday afternoon and (...)
General Prosecutor Abdel Megeed Mahmoud has ordered a group of forensic scientists and criminal investigators to create a reconstruction of the events of the New Year's Eve Two Saints Church bombing, based on autopsy results.
Mahmoud also said in (...)