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Egypt reduces natural gas prices for three types of factories
Gov’t announces long-awaited decision to lower natgas prices for industry, but only for a few sectors: A ministerial committee lowered…
Manufacturing
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OCI NV, ADNOC complete fertilizer merger
M&A WATCH- OCI NV, ADNOC fertilizer merger done and dusted: Abu Dhabi National Oil Company (ADNOC) has completed its merger…
Egypt signs MoU with Chinese companies to produce EV charging stations
The National Authority for Military Production signed an MoU with China’s SSE International and Marathon International Technology to establish a…
Holland’s GEMCO to build EUR 18.7 mn foundry for Egypt’s Delta Steel
Dutch engineering and contracting firm GEMCO has been awarded a EUR 18.7 mn to build a steel and cast iron…
More exporters to receive cash payments for overdue export subsidies this month
Gov’t continues to disburse overdue export subsidies: Several unnamed manufacturers will receive this month part of their overdue export subsidies…
Raya’s BariQ to invest EGP 300 mn in Sixth of October facilities
Raya Holding’s recycled plastic producer BariQ aims to invest EGP 300 mn to expand its Sixth of October facilities, Sales…
Egypt’s AOI in talks with Opel for domestic EV manufacturing
The Arab Organization for Industrialization is in talks with Opel to manufacture electric vehicles (EVs) in Egypt, Chairman Abdel Moneim…
Egyptian textiles producer MardiniTex to invest EUR 2 mn next year to up output
Textiles manufacturer MardiniTex is planning to invest EUR 2 mn in mid-2020 to increase its production capacity to 300k meters…
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