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Raya, China’s Haier Electric to establish EGP 200 mn home appliances factory
Raya Holding has signed a EGP 200 mn partnership agreement with Chinese HaierElectric to establish a home appliances factory under…
Egypt to complete 13 industrial complexes by end of 2020
The government will complete 13 industrial complexes, including nine in Upper Egypt, by the end of this year, Trade and…
Auto industry wants more subsidies to produce first batch of electric vehicles
Auto industry wants more subsidies to produce first batch of electric vehicles: Auto industry figures lobbying the government to increase…
Cabinet greenlights automotive strategy
Gov’t greenlights automotive strategy: The Madbouly Cabinet approved in its weeklymeeting the long-awaited automotive strategy to encourage car assemblers and…
Your top infrastructure news of the week
Top infrastructure news of the week: Transport Minister Kamel al-Wazir met Thales International head Patrice Caine totalk railway modernization and…
Suez Cement to offload stake in Kuwait’s Hilal Cement after reporting EGP 1.2 bn loss
M&A WATCH- Suez Cement to offload stake in Kuwait’s Hilal Cement after reporting EGP 1.2 bn loss: Cement producer Suez…
Signs of supply shocks in Egypt amid covid-19 disruptions
Signs of supply chain disruption in Egypt: Egypt’s supply of consumer electronics and sanitary ware is being hit by China’s…
Covid-19 outbreak weighs on Egypt’s recovering tourism, new bookings down
CORONA WATCH- Outbreak weighs on Egypt’s recovering tourism sector, new bookings down by 70-80%: Business leaders yesterday painted an ominous…
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