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The 19th Arab Steel Summit has called for the establishment of a common Arab steel market as part of six recommendations outlined in the Cairo Declaration issued last week. The declaration, announced by Ahmed Ezz, chairman of the Arab Iron…
Egypt
Egypt has reduced natural gas supplies to several steelmakers, including Ezz Steel, as rising global LNG prices increase the cost of securing the country's energy needs. The government has cut gas supplies to Ezz Steel by 30pct, equivalent…
Iran
Iran's steel production declined by 10.6pct YoY in the first six months of the Iranian year, from March 21 to September 22, mainly due to energy shortages and the impact of the war, according to the Iranian Steel Producers Association…
Saudi Arabia
Ukraine’s Interpipe has completed the delivery of more than 1,000 railway wheels to Saudi Railways for the repair of freight wagons. The company supplied the wheels under its KLW brand, which is part of Interpipe's Railway Production…
Saudi Arabia
Saudi Arabia's Al-Babtain Power and Telecommunication reported a 41.5pct YoY increase in net profit for the first nine months of 2026, supported by higher sales and lower costs. Net profit reached SAR 443.4 mln (USD 118.2 mln) in…
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