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Earnings watch: Edita net profit jumps 19.2% in 3Q2019
EARNINGS WATCH- Edita net profit jumps 19.2% y-o-y in 3Q2019: Leading snack food maker Edita’s net profit rose 19.2% y-o-y…
Manufacturing
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Manufacturing
Steel prices hit four-year low amid falling demand
Factory prices of steel rebar have fallen below EGP 10k per ton, its lowest level since the EGP float, the…
Egypt’s SCZone receives bids worth USD 1.45 bn to establish iron, steel factories
The Suez Canal Economic Zone has received requests from two investors to implement USD 1.45 bn in projects, according to…
Egyptian Arab Metals to establish new USD 100 mn stainless steel factory
Egyptian Arab Metals (Zeinox) plans to establish a USD 70-100 mn stainless steel production plant, Deputy Chairman Wael Abbas told…
Egypt’s non-oil trade deficit narrows slightly to USD 32.19 bn in 9M2019
Egypt’s non-oil trade deficit narrowed slightly to USD 32.19 bn in 9M2019, down from USD 33.86 bn during the same…
Egypt’s non-oil industrial output climbs 21.6% to EGP 188.8 bn in 4Q2018
Industrial output rises by 21.6% in 4Q2018: Egypt’s non-oil industrial output jumped 21.6% in 4Q2018 to EGP 188.8 bn, up…
New Pioneers Holding pharma arm looking to acquire manufacturer this year
M&A WATCH- Pioneers’ new pharma arm on the lookout for acquisition targets, first transaction by year end: Pioneers Holding’s new…
Nestlé to invest EGP 600 mn to set up new mineral water factory in Egypt
INVESTMENT WATCH- Nestlé will invest EGP 600 mn in three years to set up a new bottled water factory, and…
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