Egypt’s garment exports worth $645 mn in Jan-May

2018/07 05 05:07

Egypt’s garment exports rose by 12 per cent during January-May to reach $645 million against $575 million during the same period last year, the Readymade Garments Export Council (RMGEC) said in its monthly report. Exports to the United States also rose by 12 per cent in the same period, recording $310 million, against $276 million […]

Egypt sees rise in cotton area, exports

2018/06 17 15:06

The total area under cotton cultivation this season has increased by 100,000 feddans on a year-on-year basis to about 321,787 feddans. The growth in area under cotton is due to demand for Egyptian cotton in export markets. In the quarter (Q2) from December 2017 to February 2018, Egyptian cotton exports soared by 181.6 per cent […]

Egypt starts building biggest textile city in Al-Sadat

2018/01 18 12:01

Egypt has started construction of the biggest city for textiles and clothing in the country in Al-Sadat city, minister of industry and foreign trade Tarek Kabil announced recently. The textile city, with 568 factories and $2 billion paid capital to be invested during seven years with 87 per cent foreign investment, will cover 3.1 million […]

Cotton Egypt Association unveils new ‘Be Human’ brand

2018/01 16 12:01

Courtesy: Cotton Egypt Association Cotton Egypt Association has unveiled new 'Be Human' brand identity and digital platform to re-enforce Egyptian Cotton as the finest cotton in the world. Developed with brand specialist Salesworxs, the new platform places consumers at the centre of the Egyptian Cotton experience, with an emphasis on how the luxury hand-picked fabric […]

Egypt’s home textiles exports up 4.8% in Jan-Nov ’17

2018/01 05 07:01

Exports of home textiles from Egypt increased 4.8 per cent year-on-year in January-November 2017. Exports during the eleven-month period were valued at $664 million, as against $443 million registered in the same period last year, according to the Egyptian Home Textiles Export Council (HTEC), under the ministry of foreign trade and industry. Around 40 companies, […]

Egypt to develop spinning, weaving firms in north

2018/01 05 07:01

The Egyptian Government plans to develop spinning and weaving companies in northern parts of the country in the next five years, head of the Cotton and Textile Industries Holding Company Ahmed Mostafa recently said. The plan needs EGP 20 billion and some government land affiliated to a spinning and weaving company will be used to […]

Egypt’s HTEC wants exporters included in CBE’s SME support

2017/12 15 03:12

Egypt’s Home Textiles Export Council (HTEC) has demanded a mechanism to enable exporters of home textiles to benefit from the Central Bank of Egypt’s (CBE) initiative of facilitating funds for the industrial sector. President Abdel Fatah al-Sisi had earlier announced injection of LE 200 billion to support small and medium enterprises (SMEs). HTEC head Said […]

Egypt’s cotton exports reduce by 38.4% in Jun-Aug 2017

2017/12 06 14:12

Egypt’s cotton exports reduced by 38.4 per cent between June and August, the fourth quarter of the agricultural season 2016-17, standing at 3,276 tonnes compared with around 5,733 tonnes in the same period last year. India was the top country importing Egyptian cotton during that period, with almost 1,474 tonnes, representing 41.5 per cent of […]

Egypt to offer incentives to textile sector investors

2017/12 06 14:12

Egyptian Minister of Industry and Foreign Trade Tarek Kabil recently said the country will offer incentives to investors for new textile projects. In a meeting with the supreme council for textile industries, Kabil said three cities and other industrial complexes for the textile industry have been set up in Kafr El-Dawar city and El-Mahalla city. […]

Egypt keen to boost ties with India in MSMEs, textiles

2017/11 25 08:11

Egypt is eager to boost cooperation with India, particularly in the field of micro, small and medium enterprises (MSMEs), minister of trade and industry Tarek Kabil said in a recent statement. The sectors for cooperation include textiles and leather, he said while meeting Indian ambassador to Egypt Sanjay Bhattacharyya and a delegation of 50 Indian […]

Egypt’s textile exports increase 3% in 10 months: TEC

2017/11 23 06:11

Exports by Egypt’s Textile Export Council (TEC) between January and October stood at $673 million, a 3 per cent rise over $651 million in the same period in 2016. Turkey topped the nations importing Egyptian textile with a share of $230.27 million of the exports, followed by Italy ($132.98 million), Saudi Arabia ($26.79 million) and […]

Long staple cotton production in Egypt to be expanded: PM

2017/11 16 04:11

Long staple cotton production in Egypt will be expanded and 128 firms owned by the public business sector are being renovated to boost production, Prime Minister Sherif Ismail said inaugurating the second ‘Destination Africa’ fair for apparel and textiles at Cairo recently. The government also is keen on renovating public spinning and weaving firms, he […]