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Vicat Egypt launches MTO for Sinai Cement
French cement producer Vicat Egypt has submitted a mandatory tender offer to acquire another 42.1% of subsidiary Sinai Cement Company…
THIS EVENING: Annual urban inflation rises in March + more FDI afoot as Vicat wants 100% of Sinai Cement
Happy Sunday, ladies and gentlemen. As we expected this morning, the news slowdown exists only in our dreams now, as…
OC named most valuable Egyptian brand
Brand Finance has named Orascom Construction as Egypt’s most valuable brand, valuing it at USD 558 mn. Rounding out the…
Qatar to invest USD 5 bn in Egypt + Cemex, Harmony Gold to invest more here
Qatar to invest USD 5 bn in Egypt: Qatar has agreed to invest USD 5 bn here “in the coming…
Gov’t settles cement dispute with Vicat
French cement producer Vicat Group and the Egyptian government have reached a final settlement in a dispute over ownership of…
The impact of war: How building material prices in Egypt are being affected by the commodity price shock
The commodity price shock is pushing up prices of building materials in Egypt, with local steel and cement prices soaring…
Price controls for unsubsidized bread are happening
Gov’t to fix price and specifications of unsubsidized baladi bread: President Abdel Fattah El Sisi ordered the government to set…
SODIC’s net income up 89% y-o-y for 4Q2021
Real estate giant SODIC’s net income nearly doubled during 4Q 2021, rising 89% y-o-y to EGP 518 mn, according to…
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