KABO for clothing boosts daily capacity to 85,000 pieces, expands to 78 production lines
El Nasr Clothing and Textiles Company (KABO) announced the rollout of a comprehensive development and expansion plan for its factories in Amreya and Hadra, a move that will raise the…
Amazon Egypt expands storage capacity amid rising demand, local manufacturing boom
Egypt has endured one of the most challenging economic periods in its recent history over the past two years. Surging inflation and sharp exchange-rate volatility have reshaped consumer behaviour, pushing…
Egypt calls for inclusive Nile Basin dialogue, warns against ‘hostile rhetoric’
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, stressed on Sunday that the challenges facing the Nile Basin cannot be resolved through unilateral measures. He called for renewed inclusivity…
Egypt, Qatar press for full implementation of Gaza ceasefire
Egypt and Qatar, the two main mediators, alongside the United States, in securing the Gaza ceasefire, urged on Sunday the withdrawal of Israeli forces from the Strip and the deployment…
New projects, expansions underway at Egyptalum: Public Enterprises Minister
Mohamed El-Shimy, Minister of the Public Enterprises Sector, announced that several strategic projects and expansions are currently being implemented at Egyptalum in Nagaa Hammadi, a subsidiary of the Metallurgical Industries…
GAFI launches guideline for cash investment Incentive to support industrial projects
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), announced the release of the official guideline for the new cash investment incentive dedicated to industrial projects.…
Egypt’s tax revenues rise by EGP 600bn as private sector boosts investment in FY 2024/25
Finance Minister Ahmed Kouchouk said the private sector’s strong response to the government’s tax-relief initiative has encouraged the ministry to launch a second package. He highlighted that tax revenues increased…
Egypt launches initiative to transform petroleum waste into value-added resources
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, and Minister of Petroleum and Mineral Resources, Karim Badawi, witnessed on Sunday the signing of a cooperation protocol aimed at transforming…
IDG launches e2 New October industrial park with EGP 4.8bn investment
Industrial Development Group (IDG) has announced the launch of its newest industrial park, e2 New October, in New October City. With investments totalling EGP 4.8bn and spanning 1.6 million sqm,…
Egyptian developers offer unprecedented cash discounts amid mounting market pressures
“It is impossible for residential unit prices to drop, unlike cars,” said Osama Saad, CEO of the Real Estate Development Chamber, as developers grapple with rising costs and shifting market…