Tuesday, December 24, 2024
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    Egypt

    Ashry Steel secures credit facilities from Suez Canal Bank

    Egypt admin - 0
    Suez Canal Bank has signed a cooperation agreement to provide Ashry Steel Group with EGP 2.35 bln (USD 46.1 mln) in credit facilities. The...
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    AD Ports selects Hassan Allam for major terminal infrastructure project

    Egypt admin - 0
    AD Ports Group has appointed Hassan Allam Construction, a subsidiary of Hassan Allam Holding, to build the infrastructure for Noatum Ports - Safaga Terminal...
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    Steel exports drop 13pct in Jan-Oct 2024 YoY

    Egypt admin - 0
    Egypt's iron and steel exports declined by 13pct YoY (YoY) from January to October 2024, totaling USD 1.695 bln, down from USD 1.942 bln...
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    Chinese firm to build USD 1.65 bln industrial complex in SCZONE

    Egypt admin - 0
    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...
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    Ezz Steel to voluntarily delist from Egyptian Stock Exchange

    Egypt admin - 0
    Ezz Steel has announced its decision to voluntarily delist from the Egyptian Stock Exchange (EGX). The decision, approved during a board meeting on December...
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    Nissan Egypt invests USD 45 mln to boost local automotive production

    Egypt admin - 0
    Nissan Motor Egypt has signed a USD 45 mln contract to produce a third model, sourcing over 45pct of its components locally, as announced...
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    Ezz Steel board restructures top leadership roles

    Egypt admin - 0
    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...
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    Ashry Steel to open galvanizing and lighting poles factory

    Egypt admin - 0
    Ashry Steel is set to launch its new USD 30 mln galvanizing and lighting poles factory in Sixth of October City next month, according...
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    Ezz Steel shuts down one meltshop at Suez plant after transformer malfunction

    Egypt admin - 0
    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...
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    Ataqa’s net profit rises in Jan-Sep 2024

    Egypt admin - 0
    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...
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