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161 news items from Egypt. Show all
Chinese steelmaker XinFeng plans to invest USD 1.65 bln in an integrated industrial complex within the Sokhna Industrial Zone under the Suez Canal Economic Zone (SCZONE), according to the Ministry of Trade and…
Ezz Steel has announced its decision to voluntarily delist from the Egyptian Stock Exchange (EGX). The decision, approved during a board meeting on December 7, 2024, was disclosed in a filing to the EGX. The delisting…
Nissan Motor Egypt has signed a USD 45 mln contract to produce a third model, sourcing over 45pct of its components locally, as announced by the Egyptian cabinet. This aligns with Egypt's strategy to boost local content…
Ezz Steel's board of directors has appointed Hassan Ahmed Nouh as chairman, in addition to his role as managing director. Nouh succeeds the late chairman, Mamdouh El Rouby. In a stock exchange filing, Ezz Steel…
Ashry Steel is set to launch its new USD 30 mln galvanizing and lighting poles factory in Sixth of October City next month, according to Sales Manager Mohamed Ali Gad. Spanning 45,000 square meters, the facility is…
Egypt's Ezz Steel announced that a transformer at Meltshop No. 2 of its subsidiary, Ezz Flat Steel Company in Suez, has suffered a significant malfunction, according to the company's stock exchange filing. The…
Misr National Steel (Ataqa) reported an increase in net profit after tax to EGP 695.87 mln (USD 14 mln) in the first nine months of 2024, up from EGP 593.57 mln in the same period last year. Sales revenue for…
The Egyptian Ministry of Investment and Foreign Trade has initiated an anti-dumping investigation into imports of cold-rolled and coated steel products from Turkey and China. The investigation was launched in response…
Knauf Egypt, a leader in modern construction systems, has formed a strategic partnership with Hassan Allam Construction, one of the Middle East's largest construction firms. The partnership aims to advance the…
Egypt's rebar production grew by 11.3pct YoY to 6.403 mln tons in the first nine months of 2024, according to a local news report. Rebar sales in the local market also rose by 3pct YoY during January-September, reaching…
Garawany Group's subsidiary, International Steel Industry, plans to invest EGP 5.5 bln (USD 113 mln) to upgrade and expand state-owned Delta Steel under a nine-year lease, CEO Ahmed El Garawany said. The expansion aims…
Ezz Steel, a leading Egyptian steel producer, has lowered its rebar prices for the domestic market. The company is now offering rebar at EGP 38,200 (USD 789) per ton, down from the previous price of EGP 40,700 (USD 862)…
Egypt's iron and steel exports fell by 19pct YoY in January to July 2024, totaling USD 1.17 bln, down from USD 1.43 bln during the same period last year. According to a report from the Export Council for Building…
Chinese home appliances giant Haier Group laid the foundation stone for the second phase of its Haier eco-friendly complex located in 10th of Ramadan City, Egypt. Spanning an additional 50,000 square metres, the second…
Ezz Steel, Egypt's leading steel producer, reported a profit in the first half of 2024, according to its financial statement. The company achieved a profit of EGP 2.27 bln (USD 46.9 mln), reversing a loss of EGP 810 mln…
Canada has issued a final determination on the dumping of Egyptian wire rod, according to a notice from the Canada Border Services Agency (CBSA). The CBSA also confirmed final antidumping margins on wire rod imports…
Innovo has been awarded the contract for Emaar Misr for Development's project "The Peak" in Uptown Cairo, Egypt. The project, valued at over USD 51 mln, includes the construction of 139 villas over 170,000 sqm, along…
Egypt is planning to announce two Public-Partnership Projects (PPP) for a multipurpose terminal and a dry bulk terminal at El-Dekheila Port in Alexandria, according to Atter Hannoura, Director, PPP Central Unit…
Egyptian real estate developer Madinet Masr the signing of a Memorandum of Understanding (MoU) with Smart Construction and Development (SCAD) to undertake construction work valued at USD 13mln for the Sarai mixed-use…
The Egyptian Cabinet has authorised the Ministry of Transport to finalise the contract to build and operate the Borg El Arab dry port and logistics project under the Public-Private Partnership (PPP) framework. The…
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