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Vicat Egypt launches MTO for Sinai Cement
French cement producer Vicat Egypt has submitted a mandatory tender offer to acquire another 42.1% of subsidiary Sinai Cement Company…
OC named most valuable Egyptian brand
Brand Finance has named Orascom Construction as Egypt’s most valuable brand, valuing it at USD 558 mn. Rounding out the…
Qatar to invest USD 5 bn in Egypt + Cemex, Harmony Gold to invest more here
Qatar to invest USD 5 bn in Egypt: Qatar has agreed to invest USD 5 bn here “in the coming…
The impact of war: How building material prices in Egypt are being affected by the commodity price shock
The commodity price shock is pushing up prices of building materials in Egypt, with local steel and cement prices soaring…
SODIC’s net income up 89% y-o-y for 4Q2021
Real estate giant SODIC’s net income nearly doubled during 4Q 2021, rising 89% y-o-y to EGP 518 mn, according to…
Ukraine crisis and “poor-quality petrol” top talk show coverage
Leading the conversation on the airwaves last night was the government’s efforts to repatriate Egyptians fleeing the conflict in Ukraine.…
Cement production quotas bring Spegyco back from zombie status
Saad El Din Group has restarted operations at the Spanish Egyptian Cement factory (Spegyco) after a three-year hiatus, the group’s…
THIS EVENING: Zombie cement factory brought back online + El Sisi attends AU-EU summit in Brussels. Plus: Tensions are flaring up between Russia and Ukraine
Good afternoon, wonderful people. It’s the end of a week that passed in excruciatingly slow fashion, despite being chock-full of…
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