News

Production index of manufacturing and extractive industries (excluding crude oil and petroleum products) rose 6.56 percent in June on a monthly basis, recording 119.38 (primary), compared to 112.3 in…
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Elsewedy Electric Co announced that its 99.80%-owned subsidiary, El Sewedy Electric for Trading and Distribution, has signed two new contracts with the Egyptian Electricity Transmission Company.
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Japan pledged $30 billion in aid for development in Africa, saying it wants to work more closely with the continent, with the rules-based international order under threat after Russia's invasion of…
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The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021’s EGP 1.74bn in profits.
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Newly appointed Minister of Trade and Industry Ahmed Samir expressed his keenness to advance industry and foreign trade sectors and to move forward with all files managed by the ministry in a way that…
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Egypt's annual urban consumer inflation rose to 13.6% year-on-year (YoY) in July from 13.2% in June, data from state statistics agency CAPMAS showed on Wednesday.
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Egypt’s Oriental Weavers, the world’s largest manufacturer of machine-made carpets, has agreed to make a full exit from China after accepting an offer to sell its full shares in its Chinese unit.
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Minister of Environment Yasmine Fouad held a virtual meeting on Tuesday with development and management partners within the framework of the Africa Waste 50 Initiative.
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FocusEconomics panelists project that Egypt’s GDP will expand 4.5% in fiscal year (FY) 2022/23, which is down 0.2% from last month’s forecast, expecting that it will reach 5.2% in FY 2024.
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Egypt’s Minister of Environment, Yasmine Fouad, signed a €4m grant agreement with the European Union on Sunday, to support the country’s efforts in environmental protection.
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