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New cotton auction system to be mandatory for private sector
Private companies will be forced to participate in a new cotton auctioning mechanism that could be rolled out nationwide for…
Basic materials
Egypt scraps minimum price for cotton exports
The Holding Company for Spinning and Weaving is scrapping a decision from October 2018 that set a minimum price for…
FRA orders Greece’s Titan to submit MTO for Alexandria Cement
M&A WATCH- FRA orders Titan Cement to submit MTO for Alexandria Cement: The Financial Regulatory Authority (FRA) has ordered Greek…
Titan Cement to acquire IFC stakes in Egypt, Southeast Europe businesses
M&A WATCH- Titan Cement to acquire IFC minority stakes in Southeast Egypt, Europe businesses for EUR 81.8 mn: Cement producer…
Gov’t to decide fate of Egyptian Iron and Steel after talks with stakeholders
Gov’t to decide fate of Egyptian Iron and Steel: The government will soon hold talks with the House of Representatives,…
Ezz Dekheila Steel acquires Ezz Flat Steel in a USD 356.07 mn transaction
M&A WATCH- Ezz Dekheila Steel acquires Ezz Flat Steel in a USD 356.07 mn transaction: Ezz Steel divested its full…
Egyptalum to start EGP 7 bn upgrade project in early 2020
Egypt Aluminum (Egyptalum) will begin a EGP 7 bn project to upgrade a production line in early 2020, Mahmoud Agouz,…
El Rashidy El Asly inaugurates new EGP 200 mn factory
Confectioner El Rashidy El Asly inaugurated the first phase of its EGP 200 mn factory in Sixth of October City,…
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