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What we’re tracking on 5 October 2020
Good morning, ladies and gents, and welcome to what is (so far) a relatively calm news day. We love writing…
Diplomacy + Foreign Trade on 4 October 2020
It was a busy weekend on the foreign trade front: The Hungarian Import and Export Bank has earmarked some EUR…
Mondi acquires Amreyah Cement plant in consolidation drive
M&A WATCH- Packaging group Mondi has acquired Amreyah Cement’s industrial bag plant, the local press reported, quoting unnamed sources close…
Your top infrastructure stories
Your top infrastructure stories for the week include: Egyptian Refining Company’s USD 4.3 bn Mostorod petrochemical refinery — the largest…
Suez Cement submits MTO for 100% of subsidiary Tourah Cement
M&A WATCH- HeidelbergCement looks to acquire 100% of subsidiary Suez Cement: Suez Cement’s German parent company HeidelbergCement has submitted a…
Distributors of electric motors have six months to comply with new efficiency standards
Importers and assemblers of electric motors will be required to adhere to new energy efficiency and testing standards under guidelines…
Al Ezz Dekheila Steel reports EGP 1.2 bn losses in 2Q2020
EARNINGS WATCH- Al Ezz Dekheila Steel (EZDK) reported consolidated net losses of EGP 1.2 bn in 2Q2020, compared to EGP…
Contractors can resume constructions on buildings up to four storeys
Construction ban partially relaxed: Contractors and real estate developers will now be permitted to resume construction on buildings that are…
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