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Loss-making Egyptian Iron and Steel could be coming under military control
The Military Production Ministry may be about to take over Egypt Iron and Steel after industry insiders submitted a report…
Basic materials
Egypt’s farmers call for cotton subsidies as low prices bite
Cotton traders are demanding the government provide subsidies to farmers worth EGP 200-300 per qintar to offset the low prices…
Suez MTO for 100% of Tourah Cement kicks off today
Shareholders in Portland Tourah Cement Company (Tourah Cement) will be able to subscribe to a mandatory tender offer by parent…
Egypt’s FRA approves HeidelbergCement, Suez Cement MTOs for subsidiaries
M&A WATCH- HeidelbergCement and Suez Cement’s MTOs for the remaining stakes in their subsidiaries got the regulatory greenlight from the…
Egypt’s ESIIC taps German-Saudi consortium to overhaul sugar business
A consortium of four consultancies will work with state-owned sugar manufacturer ESIIC on a restructuring and factory upgrade plan under…
Private sector buys 40k qintars of cotton under new auction system
Private-sector companies bought nearly 40k qintars of cotton since the launch of the state’s new auction-based cotton trading system, which…
IMEX acquires 94% of Nile Cotton Ginning
IMEX International acquired 93.9% of Nile Cotton Ginning on Thursday for EGP 2.48 bn, buying 49.76 mn shares at EGP…
Centamin gold production to fall 42% on Sukkari mine delays
Australian gold miner Centamin expects production to drop 42% in the final quarter, after extraction plans slated for this year…
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