• Tuesday, 11 January 2022

    Gov’t wants to nearly double annual exports by 2025

    Egypt aims to increase export revenues to USD 60 bn a year by the middle of the decade as part of plans to eventually reach USD 100 bn a year, Trade Minister Nevine Gamea said in a phone-in with Al...
  • Tuesday, 16 November 2021

    TONIGHT: Tanmeyah is now wholly owned by EFG + unemployment inches up in 3Q2021

    It’s an energy-focused hump day, ladies and gentlemen, with a flurry of energy news coming out of various global oil, gas and commodities summits today, some of which looks like it could pose upsides on the domestic front. This includes...
  • Wednesday, 10 November 2021

    US-Egypt strategic talks wrap

    The US and Egypt wrapped up two days of strategic talks in Washington yesterday, with the Foreign Ministry and the State Department issuing a joint statement overnight to close out the meetings. The talks “reaffirmed the importance of the US-Egypt...
  • Wednesday, 22 September 2021

    Fitch “upbeat” on Egyptian fertilizer industry on rising production + exports

    Fitch “upbeat” on Egypt’s fertilizer sector on rising production + exports: Production and exports in Egypt’s fertilizer sector will continue to increase between now and 2025, despite recent hikes on export fees, Fitch said in a recent report. Egypt is...
  • Thursday, 26 August 2021

    GM eyes further Egypt investments as gov’t incentives auto exports

    General Motors could be looking to invest more in Egypt. That’s the key takeaway from GM MEA President and Managing Director Luay Al Shurafa’s sitdown earlier today with Trade and Industry Minister Nevine Gamea. The two discussed how GM’s expansion...
  • Sunday, 27 June 2021

    Russia eyes vehicle assembly in Egypt

    Egypt could see locally assembled Russian vehicles: Russia is keen to expand its manufacturing partnerships with Egypt, especially when it comes to vehicle assembly, Russian Trade and Industry Minister Denis Manturov said during a meeting with counterpart Nevine Gamea in...
  • Wednesday, 9 June 2021

    THIS MORNING: Final IMF tranche coming this month? Also: Palestine leaders in town for talks + another export subsidies rethink is in the works

    Good morning, friends. There’s not a gram of fat in this morning’s issue — it’s a heavy news day with lots of business news pushing the latest on covid-19 far down our priority list, so let’s jump right in. Oh,...
  • Tuesday, 11 May 2021

    Wanna invest in some industrial zones?

    Industrial investors can expect more clarity on how to create and manage both industrial zones and businesses that operate in them after the Trade and Industry Ministry approved yesterday the executive regulations to the law regulating the Industrial Development Authority...
  • Wednesday, 14 April 2021

    Gov’t introduces aluminum tariffs for three years

    All aluminum products will face additional import duties for a three-year period, Trade and Industry Minister Nevine Gamea said in a statement yesterday. A 16.5% tariff of the CIF (cost, ins. and freight) value of imported aluminum moulds, cylinders and...

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