Search Results for: Egyptian

AFRICA is commonly hailed as the world’s next big focus of economic growth, but for the civil aviation industry, this prospect will require significant investment in new intra-African routes and related airport and ATC infrastructure. It will also require governments to remove immigration barriers preventing African air travellers flying to other countries on their home continent.…

NORTH Africa is a region where care for appearance, grooming and personal hygiene is integral to its cultural DNA, so while personal care product majors have a strong presence, it is maybe no surprise that local beauty manufacturers continue to bubble up with fresh ideas and products that capture the imagination of consumers.…

After 34 months of intensive work and investment of more than Israeli Shekels ILS12 billion (USD3.4 billion), the partners in the Mediterranean Sea Leviathan gas field project – the USA’s Noble Energy Inc, along with Israeli partners Delek Drilling, and Ratio – have announced the start of natural gas production from the reservoir, the largest energy project in Israel’s history.…

African garment and textile manufacturers are trying to create more synergy to better integrate the supply chain within the continent, but North African producers still dominate, and are expanding capacity, particularly in Egypt, say participants at a major regional industry meeting.…

African manufacturers are trying to integrate sustainability in their textile and fashion supply chains as retailers demand compliance with increasingly high standards fuelled by consumer pressure. But to do so, manufacturers are asking for assistance from international organisations to implement change.…

Digital textile printing is growing in Egypt with companies acquiring new machines and a major new player entering the market to take advantage of low labour costs and the country’s geographical proximity to buyers in Africa and Europe. Domestic demand for digitally printed textile products, however, has been sluggish, while exporters are struggling to remain price competitive compared to Chinese competitors.…

THE NONWOVENS industry in the Middle East and North Africa (MENA) is still struggling with over-capacity, while declining purchasing power has hit the mid- and higher-tier segments, prompting global players to reconsider product offerings.

MENA economies have been impacted by low oil prices and regional instability, with growth forecast at 1.5% this year, down from 1.7% in 2018, according to investment bank JP Morgan.…

THE EGYPTIAN economy is still struggling to overcome the problem of low hard currency reserves, a challenge that has negatively affected the local paints and coatings industry due its high dependence on imports.

“There has been a crisis in terms of availability of US dollars to purchase raw materials and most of the raw materials are imported,” said Himanshu Vasisht, project lead for energy and chemicals at India-based market researcher Mordor Intelligence.…

Egypt is moving ahead with its Vision 2025 strategy to quadruple garment and textile exports, employ a further 1 million people, and attract USD17.5 billion in investment, but the double-digit growth needed to achieve the goals have yet to be reached.…

A FREE trade zone system in Egypt, linking its businesses with Israeli suppliers, is being targeted by Chinese companies wanting to access the USA, as the Trump trade war risks exports to America through standard channels. The resulting investment has been welcomed in Egypt, but some clothing and textile industry commentators are warning that large Chinese firms could muscle out local players unless Egyptian businesses are given time to mature.…