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Egyptian Cement to inaugurate EGP 4.5 bn cement factory in Sohag amid supply glut
Egyptian Cement is planning to inaugurate a EGP 4.5 bn cement factory in Sohag next year, CEO Ahmed Abou Hashima…
Beheira and Sharqia to hold cotton auctions until 15 December 2020
A new cotton trading system was rolled out in Beheira and Sharqia on Tuesday, with public auctions due to be…
Cement oversupply crisis could force six producers out of Egypt by 2021
Supply glut could push six cement producers out of Egypt by next year, Lafarge boss says: As many as six…
Private sector makes bids in government auction of 2020 cotton crop
The private sector has for the first time in the modern era participated in the state’s cotton crop auction sale…
Earnings Watch- Cleopatra Hospitals Group, Pioneers Holding, Suez Cement, Sidi Kerir for Petrochemicals
EARNINGS WATCH- Cleopatra Hospitals Group reports a 67% y-o-y decline in 2Q2020 net profits to EGP 14 mn, down from…
FinMin mulls exempting sheet metal from development fees
The Finance Ministry is considering exempting importers from the 10% development fee on imports of sheet metal following a request…
Aton Resources to execute reverse stock split to finance Abu Marawat expansion
Egypt-focused Aton Resources will execute a reverse stock split sometime in mid-September to finance exploration at its Abu Marawat concession,…
Industry requests another cut in gas prices to USD 3.5/mmbtu
Industrial players still want to pay less for natural gas… Chemicals and fertilizer manufacturers are raising the issue of lowering…
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