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161 news items from Egypt. Show all
Egypt's Industrial Engineering Company for Construction and Development (ICON) reported a 140pct YoY increase in consolidated net profits for H1 2024, reaching EGP 519.59 mln (USD 10.6 mln), up from EGP 216.32 mln. The…
Misr National Steel (Ataqa) reported net profits of EGP 535.45 mln (USD 10.9 mln) for the first half of 2024, up from EGP 410.74 mln in H1 2023. Net sales reached EGP 2.77 bln (USD 56.6 mln) as of June 30, 2024…
Egypt's steel rebar production surged 37pct YoY to 4.15 mln tons in the first half of 2024. This growth was supported by the availability of USD and increased exports, according to official data. Rebar consumption in…
Al Ezz Dekheila Steel Co., the largest steel manufacturing facility in Egypt, has selected MORE to provide pneumatic lime injection technology for its 160-ton electric arc furnace. The new lime pneumatic injection…
The Egyptian government has awarded the construction of the light-rail transit (LRT) third phase to an Egyptian-Chinese consortium for USD 550 mln, according to local media reports. The consortium includes China's Avic…
Egypt's steel producer, Ezz Steel, reported a profit in the first quarter of 2024, according to the company's financial statement. The company recorded a profit of EGP 1.26 bln (USD 26.2 mln), compared to a loss of EGP…
Zahraa Maadi Investment and Development (ZMID) has assigned Nasr Company for Civil Works (NCCW) to implement the construction works of a residential compound in Zahraa El Maadi in Cairo for USD 5.4 mln. Nasr for Civil…
Price volatility continues for key construction materials in Egypt, despite a relative cooling of prices as of March 2024. This trend is attributed to the liberalisation of the exchange rate and government-implemented…
The Canada Border Services Agency (CBSA) has announced the preliminary determination of its antidumping duty investigation against wire rod imports from Egypt, China, and Vietnam. Focusing on Egypt, the Canadian…
Egypt’s Al Ezz Dekheila Steel (EZDK) has secured a loan of USD 125 mln from Emirates NBD in order to finance the acquisition of the government's stake in the company, according to the local media reports. The loan will…
Egypt's exports of iron and steel increased by 46pct YoY to USD 943 mln in the first five months of 2023, compared to USD 647 mln during the same period the previous year. According to the Export Council for Building…
The Egyptian Ministry of Trade and Industry has announced that it will maintain tariffs on steel rebar imports from China, Turkey, and Ukraine for a period of five years. The antidumping duties on rebar imports from…
Egyptian steel producer, Ezz Steel, faced a net loss in Q1 2023 as profitability was impacted by sharp currency depreciation. According to the company's financial statement, they posted a net loss of EGP 2.489 bln in Q1…
Egypt's steel production has been adversely affected since the beginning of the year, as reported by two board members from the Chamber of Metallurgical Industries (CMI) at the Federation of Egyptian Industries. CMI…
Minister of Petroleum and Mineral Resources, Tarek El Molla, engaged in talks with a delegation from Saudi company ArcelorMittal Jubail to explore potential cooperation in the manufacturing of oil and gas pipelines, the…
Indian manufacturers from various sectors, including steel, have shown keen interest in launching projects in Egypt to tap into both local and international markets, according to a statement released by the Suez Canal…
According to the latest data released by the World Steel Association, crude steel production in the Middle East witnessed a 1.1pct growth during the first four months of 2023, reaching a total of 18.7 mln tons compared…
Egyptian developer LMD broke ground for its W Residences Cairo and W Cairo, which marks the debut of the W Hotels brand in Egypt and Africa. The hotels in New Cairo are scheduled to be completed by early 2026 and be…
Egypt's Ezz Steel has taken significant steps to reduce water consumption in water-scarce Egypt. In a strategic move, Ezz Steel partnered with Veolia Water Technologies Egypt to transition from using freshwater from the…
Several steel manufacturers in Egypt have been compelled to halt or reduce production and even shut down their factories due to a shortage of foreign currency required for importing raw materials, according to a local…
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