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THIS MORNING: It’s PMI day; Corporate tax deadline today; Fertilizer diplomacy.
Good morning, wonderful people, and welcome back to what’s shaping up to be a very busy workweek as we digest…
Suez Cement has a new CEO + the IFC appoints a new North Africa director
Suez Cement has appointed commercial director Mohamed Hegazy (LinkedIn) as its new CEO, replacing our very good friend Jose Maria…
Steel prices are starting to cool off + Elsewedy inks electric motors agreement
Ezz Steel has lowered steel rebar prices by 4%, marking the first drop in price since Russia’s invasion of Ukraine…
THIS EVENING: Steel manufacturers are starting to cut prices + the EU is preparing to replace Russia’s natgas supplies
It’s a relatively calm Wednesday afternoon on the home front, ladies and gentlemen, giving us hope for a smooth slide…
We’re paying more at the pumps
The government raised fuel prices by c. 3% over the weekend amid a rise in global oil prices on the…
FAB drops its bid for EFG Hermes. Plus: Incolease, Mondi in transactions.
Emirati lender First Abu Dhabi Bank (FAB) has dropped its bid for a majority stake in leading financial services corporation…
Last Night’s Talk Shows: Soaring steel prices aren’t “fair” -Cairo Chamber of Commerce
What’s a fair price for steel? A “fair” price for steel would be between EGP 15k-17k per tonne rather than…
Investor acquired 7.5% of Sinai Cement in March
Investor acquired 7.5% of Sinai Cement amid Vicat dispute settlement: The settlement of the dispute between Sinai Cement’s parent company…
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