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Shocking nobody, Kima needs to restructure its debts
The Egyptian Chemical Industries (Kima) is in talks with a syndicate of six local banks to restructure EGP 6.8 bn…
TMG says it’s not doing another JV with banks + ABUK net income up
FACT CHECK- Talaat Moustafa Group (TMG) says it hasn’t established a new real estate joint venture, dubbed Rawasi, with the…
Ahmed Ezz takes direct controlling stake in Ezz Steel
Ahmed Ezz now directly owns a controlling stake in Ezz Steel after purchasing a 33.4% stake in the company from…
Earnings: state-owned El Nasr Civil Works, Egyptalum remain in the red
EARNINGS WATCH- State-owned Egyptian Aluminium Company (Egyptalum) saw its net losses narrow to EGP 348 mn in 9M2020-2021, compared to…
Egyptian Iron and Steel downs tools ahead of liquidation
State-owned Egyptian Iron and Steel officially stopped operations yesterday as a prelude to its liquidation, Masrawy reports, quoting an unnamed…
Iron and Steel mining spinoff begins trading on the EGX
Shares of state-owned Egyptian Iron and Steel’s mining spinoff started trading this morning, the exchange said. The spinout, inventively named…
Iron and Steel for Mines and Quarries to list tomorrow
Shares of state-owned Egyptian Iron and Steel’s mining spinoff — Iron and Steel for Mines and Quarries — will be…
One step closer to another listing
Trading of Egyptian Iron and Steel shares will be suspended as of tomorrow, pending approval from the EGX listing committee…
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