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Egypt was considering new cement, steel licenses despite supply glut
Was the gov’t considering new cement licenses in FY2020-21? The government was planning to license new cement producers starting July…
Cement looks set for another tough year in 2020
Cement looks set for another tough year in 2020: As covid-19 continues to ravage economies and pummels once-healthy sectors such…
Suez Cement to offload stake in Kuwait’s Hilal Cement after reporting EGP 1.2 bn loss
M&A WATCH- Suez Cement to offload stake in Kuwait’s Hilal Cement after reporting EGP 1.2 bn loss: Cement producer Suez…
What we’re tracking on 9 March 2020
It’s shaping up to be an ugly day. Covid-19 infections continue their slow-burn spread in Egypt and global markets are…
FRA to review Titan Group’s MTO for Alexandria Cement
M&A WATCH- Regulator to review Titan Group’s MTO for Alexandria Cement: The Financial Regulatory Authority (FRA) has received and will…
Egypt’s cement producers still unhappy with natgas prices
Cement manufacturers will only go back to using natural gas if the government halves the price at which it sells…
Egypt is expected to cut nat gas prices to factories in 1Q2020, analysts say
Egypt to cut natgas prices to factories in 1Q2020, analysts say: Plunging natural gas prices and market oversupply are increasing…
FRA extends Titan Group’s MTO deadline for Alexandria Cement another month
M&A WATCH- Market regulator extends Titan Group’s MTO deadline for Alexandria Cement shares by another month: The Financial Regulatory Authority…
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