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National Investment Bank wants to sell down stake in Misr Cement Qena
Misr Cement denied knowledge of the report
Gas supplies to energy-intensive industries slashed by up to 30%
The move comes after gas imports fell to zero following Israel’s suspension of all gas exports to Egypt
Kandil Steel borrows USD 25 mn from IFC amid industry headwinds
The money will help the company pay for raw materials and maintain production amid the FX crunch and soaring inflation
An aluminum news dump + Belcash is now Seven
Aluminum Bahrain and Emirates Global Aluminum are both interested in expanding in Egypt, according to the ministry
Three local steel companies are looking to acquire state-owned Delta Steel
The gov’t is reportedly studying whether to offer 100% or a smaller share of the company
ADQ may need to make an MTO for Sidpec following its merger with Ethydco
ADQ is buying a 27% stake in Ethydco, which could translate into a controlling stake in the company formed when…
Egypt enlists foreign firm for USD 1 bn steel complex
The plant will have an annual capacity of 1.8 mn tons
Private players in talks to develop USD 2 bn Eastern Desert industrial zone
Orascom, Elsewedy, CPC Egypt, and IDG are all in talks to establish the zone
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