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Egypt’s FRA approves HeidelbergCement, Suez Cement MTOs for subsidiaries
M&A WATCH- HeidelbergCement and Suez Cement’s MTOs for the remaining stakes in their subsidiaries got the regulatory greenlight from the…
SODIC’s Eastown District project to come online in 2021
Upmarket real estate developer Sodic is on track to begin delivering units in its Eastown District New Cairo (EDNC) complex…
Six companies to bid for wind plant O&M contract
Six foreign and local companies are planning to bid for a five-year operation and maintenance contract for the New and…
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…
Egypt to soon inaugurate first 230 km of new Cairo-Aswan highway
Egypt will soon inaugurate the first 230-km phase of a new EGP 26 bn, 1150-km Cairo-Aswan highway, head of the…
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…
UAE’s City Creek Construction to invest EGP 600 mn in Egypt this year
Emirati real estate developer City Creek Construction will establish an arm in Egypt and invest EGP 600 mn in three…
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