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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…
Is the government exempting factories from property tax?
Are factories getting the real estate tax break they’ve been hoping for? Industry could be getting a leg up from…
Edita Food Industries to receive EGP 105 mn loan from Arab Bank
Edita Food Industries signed a medium-term loan worth EGP 105 mn with Arab Bank to finance a new production line,…
Foreign companies invited to bid in tender for manufacturing tablets
International hardware manufacturers will get the chance to manufacture tablet computers in Egypt in a forthcoming government tender. Cabinet said…
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