Egypt, Sudan move to deepen industrial, trade cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Sudan’s Minister of Industry and Trade, Mahasin Ali Yaqoub, and her accompanying delegation to explore ways to strengthen bilateral relations and expand industrial
CBE’s 1% rate cut eases financing costs, boosts industry, market confidence
The Central Bank of Egypt (CBE) announced a 1% cut in its key interest rates last Thursday, marking a significant step towards easing monetary conditions and supporting economic activity amid signs of moderating inflation. The decision was widely welcomed by
Egypt, Tanzania explore joint strategic projects in transport, industry
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held high-level talks with Tanzanian officials on launching joint strategic projects in the transport and industrial sectors, underscoring the deepening partnership between the two countries.
Egypt’s food industry exports surge 11% to exceed $5.8bn this year
Egypt’s food industry exports reached more than $5.8bn during the first ten months of 2024, marking an 11% increase compared to the same period last year, Deputy Prime Minister for Industrial Development Kamel al-Wazir said on Thursday. Opening the fourth
PM says Egypt’s non-oil exports expected to reach $48-50bn this year
Egypt expects its non-oil merchandise exports to reach between $48bn and $50bn by the end of the current year, marking a 20% annual growth rate, Prime Minister Mostafa Madbouly said on Wednesday. Speaking at a weekly press conference, Madbouly stated
Cabinet grants golden licenses to MAC, Deli Egypt for EGP 15.1bn in new investments
The Egyptian Cabinet, chaired by Prime Minister Mostafa Madbouly, approved a package of major decisions during its 71st meeting, underscoring efforts to localise industry, attract foreign investment, expand clean energy, and support regional development. Chief among the approvals was the
Four-nation consortium launches 2GW Atum Solar plant in Egypt targeting US exports
Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, Bahraini, and Egyptian partners with a targeted annual capacity of 2 gigawatts (GW). The
Egypt, Qatar explore joint industrial projects to strengthen economic cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir held high-level talks with Ahmed bin Mohammed Al-Sayed, Qatar’s Minister of Foreign Trade, to explore the launch of joint Egyptian-Qatari industrial projects aimed at deepening
Egypt launches mobile app to streamline investor support, industrial complaints
The Egyptian Ministry of Industry has launched a new mobile application, Investor Support, aimed at simplifying the submission and tracking of industrial complaints and inquiries. Available on both Android and iOS, the app provides investors with a direct communication channel
Deli Group breaks ground on new factory in 10th of Ramadan City
Deli Group, one of the world’s largest companies in office supplies, stationery and workplace solutions, has laid the foundation stone for its new factory in 10th of Ramadan City during a high-level ceremony. The Group holds a strong global position,