Egypt steps up factory coordination to boost investment, exports

Mohamed Farid, Minister of Investment and Foreign Trade, stressed the importance of Egyptian companies’ efforts to expand production, increase the use of local components, and strengthen their ability to access foreign markets. He directed full coordination between the ministry’s entities and factories to boost investment and promote exports. Farid made…

DALTEX partners with China’s Irritech to expand advanced irrigation solutions across Egypt, Algeria and Libya

DALTEX Corporation, a leading Egyptian agribusiness with an integrated portfolio spanning agricultural production, fresh produce and irrigation solutions, has entered into a strategic partnership with China-based Irritech, a specialist in large-scale irrigation systems. Under the agreement, DALTEX will serve as the exclusive seller of Irritech’s irrigation solutions in Egypt, Algeria…

Egyptian expat remittances surge to $29.7 billion over 7 months

The Central Bank announced on Monday that remittances from Egyptians working abroad increased by 28.1 percent during the first seven months of 2026, recording approximately $29.7 billion, compared to around 23.2 billion dollars during the same period last year. The bank explained that remittances from Egyptians working abroad continued their…

Investment Minister stresses boosting exports, production

Minister of Investment and Foreign Trade Mohamed Farid stressed the importance of supporting existing investments and maximizing the use of available production capacities to increase output, expand local manufacturing and create jobs. He also underscored the importance of boosting exports by existing companies and opening new markets for Egyptian products,…