• Sunday, 6 January 2019

    Trade Minister and LG Electronics Egypt’s CEO Don Kwak discuss company’s future plans in Egypt

    Trade and Industry Minister Amr Nassar met yesterday with LG Egypt CEO Don Kwak to discuss the company’s future manufacturing and export plans, according to Mubasher. According to Kwak, LG is looking to increase its reliance on locally sourced components...
  • Thursday, 3 January 2019

    Eight new companies join QIZ program

    Eight new Egyptian companies joined the Qualified Industrial Zone (QIZ) program before the end of 2018, raising the number of participating companies to 1,004 from 996, local news reported. Egypt is trying to increase the number of exporting companies, said...
  • Wednesday, 2 January 2019

    Egypt exports grew 10% y-o-y in 11M2018

    Egypt’s exports grew an estimated 10% y-o-y to USD 22.6 bn in 11M2018 from USD 20.4 bn in the same period last year, according to a Trade Ministry statement. Egypt expects the end-of-year total to reach USD 25 bn, Minister...
  • Wednesday, 2 January 2019

    Early phase of Egypt’s USD 2 bn textile complex in Sadat to launch by 2019-end

    The first phase of the USD 2 bn Chinese textile industrial complex in Sadat City is set to be completed by year end, according to a Trade and Industry Ministry statement (pdf). Phase one, which is expected to house 100...
  • Wednesday, 2 January 2019

    Egypt, China’s New Hope sign agreement to build USD 20 mn poultry farm

    The General Authority for Reconstruction Projects and Agricultural Development has signed an agreement with China’s New Hope to set up a USD 20 mn poultry farm along the Wadi El Natroun-Alamein road, said Beheira Governor Hesham Amena.
  • Thursday, 27 December 2018

    Japanese businessmen coming to Cairo in March to talk cooperation

    A Japanese business delegation will visit in March to look at ways to strengthen cooperation with Egypt, especially in the investment and trade sectors, MENAFN reports. The visit will include a sit-down with President Abdel Fattah El Sisi, Japan External...
  • Thursday, 27 December 2018

    Gov’t sets up committee to regulate electric vehicles in Egypt

    LEGISLATION WATCH- Expect a new legislative framework for electric cars: A government committee is preparing a legislative framework for electric vehicles in Egypt, according to remarks attributed by Al Mal to a senior advisor to the minister of trade and...
  • Wednesday, 26 December 2018

    Gov’t extends export duties on scrap metals, waste and paper for 12 months

    Trade and Industry Minister Amr Nassar issued a decision to extend custom duties on exported scrap metals, paper waste, and ores for an additional year, according to a ministry statement.
  • Wednesday, 26 December 2018

    Egypt to set up pharma factory in Chad

    Egypt has decided to establish a pharmaceuticals factory in Chad following feasibility studies that indicated the factory’s potential of becoming a regional distributor, Public Enterprise Minister Hisham Tawfik said earlier this week. Further details have yet to be disclosed.

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