Minister of Public Business Sector

Egypt 6th in world in urea production, produces 7.8M tons of nitrogen fertilizers

Tue, 28 Dec 2021 - 01:19 GMT

Egypt Today reviews Tawfik’s statements during the inauguration of Kima 2 plant in Aswan .

Egypt expected to start production of electric vehicle "Nasr E70" in mid-2022

Tue, 13 Apr 2021 - 01:02 GMT

Tawfik announced in a statement, Tuesday, the start of the work of the committee for determining the locations of public charging stations for electric cars in Giza Governorate, followed by the governorates of Cairo, Alexandria and Qalyubia over a period of 4 weeks.

Public Business Sector Ministry, FECC, FEI ink protocol on developing 1st e catalog for Egyptian products

Tue, 12 May 2020 - 12:52 GMT

The protocol was signed by Public Business Sector Minister Hesham Tawfiq, FECC President Ibrahim Al Araby, and FEI Chairman Mohamed el Sewedy.

Minister: Enterprise law amendments to stop public sector losses

Mon, 11 May 2020 - 03:26 GMT

The public enterprise sector is in dire need for ramping out all its capabilities to compete with the private sector, noted the minister.

Plan underway to develop Egypt's cotton industry, says minister

Sun, 12 Apr 2020 - 02:56 GMT

CAIRO, April 12 (MENA) - Minister of the Public Business Sector Hesham Tawfiq said on Sunday that a plan was in the pipeline in coordination with the agriculture and trade ministries to develop Egypt's cotton industry. The minister made the remarks at

Minister: We seek to revive textile industry, restore Egyptian cotton glory

Sun, 16 Feb 2020 - 03:49 GMT

He said that the developed gin in Fayyoum and other new gins would produce pure cotton with special standards to help improve the price of exported cotton.

Egypt to float Heliopolis Company for Housing on EGX by Q1 2020

Sun, 08 Dec 2019 - 01:13 GMT

The minister affirmed that the only offering made under the programdemonstrated the investors' appetite to invest.

Egypt postpones 2nd phase of gov’t IPOs to Jan. 2020

Sun, 01 Sep 2019 - 04:20 GMT

The second phase includes 10 companies, containing eight mining and industrial companies, in addition to e-finance and Banque du Caire.

Profits of affiliated companies doubled in 2017/18: min.

Tue, 23 Apr 2019 - 03:24 GMT

Minister of Public Business Sector Hesham Tawfik said that the companies are working in many fields.

2nd phase of gov’t IPOs include sectors that do not exist on EGX

Sun, 24 Mar 2019 - 02:47 GMT

The strategic objectives of the government’s IPO program are to expand the ownership base, increase governance practices and private sector participation in management, and provide the necessary financing to restructure and develop companies.

Heliopolis Housing to float 32.25% of its shares on EGX

Thu, 02 Aug 2018 - 09:19 GMT

The general assembly of the Holding Company approved the draft consolidated budget for 2018/2019 with target revenues of LE 19.2 billion.

Indian company to develop Egypt's cotton ginning with $2.3M

Wed, 03 Jan 2018 - 11:55 GMT

The new contract comes under the framework of developing 11 cotton ginners in Egyptian governorates.