Search Results for: Egyptian

BY KEITH NUTHALL, PAUL COCHRANE, IN BEIRUT; AND HELENA FLUSFELDER, IN JERUSALEM

IT is not often that a country that has serious energy security issues gets to choose about whether it wants an energy export industry – but the State of Israel is in this relatively happy situation.…

BY PAUL COCHRANE

UPRISINGS in the Middle East and North Africa (MENA) this year have hit demand for printers in Lebanon, which has long been the printing hub of the region. Lebanese printers canvassed privately for Print Week MEA report that the upheavals have seen demand from Egypt and Syria decline, while transportation has been marginally affected from Lebanon due to the situation in neighbouring Syria.…

BY MEGAN DETRIE and KACI RACELMA

THE IMPACT of the Arab Spring revolution has rattled though North Africa, leaving no economic sector unscathed – including the personal care products industry. Despite the fact that the growth of the cosmetics markets in countries like Tunisia, Egypt and Libya remains limited in lieu of the year of demonstrations and political upheaval, efforts are currently being made to boost the industry.…

BY PAUL COCHRANE

The successful negotiated thwarting of a planned open-ended strike of 22,000 workers at Egypt’s largest state-owned textile factory, the Egypt Weaving and Textile Company (EWTC) in Mahalla city has prompted other Egyptian textile and clothing workers to threaten walk outs.…

BY KEITH NUTHALL

THE WORLD Bank is planning to lend USD304 million to the Egyptian government to help fund building a third 750MW unit at the Giza North gas-fired power plant and 105 kilometre pipeline to supply fuel. The money would be on-lent to the Egyptian Natural Gas Company (GASCO) and the Egyptian Electricity Holding Company (EEHC), who are coordinating the project.…

BY KEITH NUTHALL

THE EUROPEAN Commission is drafting legislation seeking to break regulatory and financial logjams preventing the European Union (EU) achieving ambitious planned gas infrastructure investments. A Commission working paper predicts the proposal will come in October and warned red-tape and financial shortages are potentially delaying cross-border interconnection and pipeline projects worth billions of Euros.…

BY KEITH NUTHALL

GLOBAL anti-corruption campaigner Transparency International (TI) has called on Egypt’s transitional government to reform the country’s anti-corruption legislation, ahead of anticipated presidential elections in October or November. The group issued a detailed report saying "in its review of Egyptian legislation the interim government should look carefully at anti-corruption measures".…

BY PAUL COCHRANE

THE EGYPTIAN economy is struggling along in the wake of the revolution that ousted President Hosni Mubarak earlier this year as protests continue and workers demand more rights and better pay. And while the garment sector appears to have weathered the crisis, expecting to export more than USD2 billion in clothing this year, the spinning sector has been hit hard by the quadrupling in price of locally produced yarn over the past six months, rising from Egyptian Pounds EGP10 (USD 1.68) to EGP42 (USD7.06) per kilogram.…

BY DAVE YIN

FOLLOWING months of delays due to civil unrest, construction is in full swing for Egypt’s first polyethylene terephthalate (PET) plant, one that is expected to bolster Egypt’s economy by satisfying indigenous demand, as well as supplying exports.

Joint venture Egyptian Indian Polyester (EIPET) saw its foundation stone laid June 23 in Ain Sokhna, in Egypt’s northern Red Sea region, Nitin Puranik, managing director and chief executive officer of the new company told European Plastics News.…

BY PAUL COCHRANE

POST-REVOLUTIONARY Egypt is set to increase its minimum wage to US dollars USD117.8 (Egyptian Pounds EGP700) a month, but the move is not expected to hit the competitiveness of the country’s garment manufacturing sector.

"The increase will not have a major effect on the industry’s competitiveness," said Bassem Sultan, CEO of Alexandria-based Dyetex and honorary treasurer of the International Textile Manufacturers Federation (ITMF).…