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No subsidies for electric car charging in Egypt, companies seeing potential
No subsidies for electric car charging stations? The Electricity Ministry will not subsidize electricity sold to recharge electric vehicles, Electricity…
Egypt’s Edita Food Industries to invest EGP 300-350 mn next year to increase capacity
Edita is planning to invest EGP 300-350 mn next year to increase production capacity and finance overseas expansion, CEO and…
Trade minister downplays ‘automotive directive,’ says talks are ongoing with unnamed global car manufacturers on Egypt investments
Trade Minister: Please stop asking about the “automotive directive.” Trade and Industry Minister Amr Nassar threw cold water on years…
Chinese company to invest USD 300 mn in steel factory in Egypt’s Ain Sokhna
INVESTMENT WATCH- An unnamed Chinese company is looking to invest upwards of USD 300 mn next year in a new…
El Sisi holds talks with MbS on Egypt-Saudi investment and joint projects
President Abdel Fattah El Sisi held talks yesterday with Saudi Crown Prince Mohammed bin Salman, who landed in Cairo on…
Raya to begin manufacturing air conditioners in USD 4 mn factory in Egypt
Home appliance distributor Raya Trade is mulling between Sadat City and 6 October for the location of their USD 4…
Egypt’s NPPA nominates 200 local companies to participate in Dabaa project
The Nuclear Power Plants Authority (NPPA) has nominated 200 local companies to supply Russia’s Rosatom with components for the latter’s…
Earnings watch: Egypt’s Domty reports EGP 34.7 mn 3Q2018 net profit
EARNINGS WATCH- Cheese producer Domty reported a net profit of EGP 34.7 mn in 3Q2018, up from EGP 22 mn…
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