CAIRO, Nov 29: The Egyptian textile industry, one of the jewels of the country's economy, needs urgent reforms if it is to survive fierce global competition, exporters and officials said on Wednesday.

Around 30% of Egypt’s textile factories are understood to have closed as a result of the recession and deteriorating conditions in the country. Egyptian MP, Enas Abdel Halim, confirmed the closures, ...

Companies operating in Egypt’s textile sector continue to incur heavy losses, although their situation has somewhat moderated. According to Al-Ahram, the losses of 36 public companies active in the ...