Industry Dynamics

The increase in chemical exports was driven by strong demand from international markets; Turkey led as the top importer with $595.94 million in imports, followed by Italy at $368.95 million, Spain at $221.87 million, Saudi Arabia at $210.72 million, France at $206.06 million, and...

Egypt is set to initiate a new global tender for natural gas exploration across a minimum of 10 regions in the Mediterranean Sea and the Nile Delta waters, as disclosed by a government official to Asharq Bloomberg. 

In May 2024, Egypt experienced a decrease in durable consumer goods imports, with a drop of $7.8 million to $298.1 million from $305.9 million in May 2023, as per data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Minister of Electricity and Renewable Energy, Mahmoud Esmat, convened a meeting with the heads of electricity distribution companies throughout Egypt. The purpose of the meeting was to underscore the significance of enhancing services provided to citizens and ensuring a consisten...

Chinese companies like Gotion High-Tech are working with the North African country to transform it into a major hub for electric car battery production and export, with investments totaling at least 2.45 billion euros.

This momentous occasion, following the unveiling of the "Neo" model to King Mohammed VI in May 2023, was marked by the symbolic handover of keys to ten eager customers, becoming the proud owners of the first Neo Motors vehicles designed and built entirely within Morocco.

The solar plants would power the ports to reduce the carbon footprint, as part of a larger national plan that would increase the share of renewables in the electricity mix to 52% by 2030.

Minister of Agriculture and Land Reclamation Al Sayed Al Qusair stated Tuesday during a cabinet meeting that Egypt exported the largest quantity of agricultural products in its history in 2023 as it amounted to 7.5 million tons, generating revenues worth $8.8 billion.

Chairman of the Food Export Council (FEC) Hany Barzi told press Tuesday that Egypt's exports of food products recorded $1.6 billion in the first quarter of 2024 growing by 31 percent compared to the same period last year.