Egypt s Shura Council housing committee (upper house of parliament) suggested imposing mandatory pricing on the country??s cement firms on Thursday, following recent cement price hikes made by main cement companies of the market, as the ...
Tags: Cement, Construction, Decoration
Following the rebar import duty of 6.38 percent imposed by the Egyptian government in November 2012, Turkey's rebar exports to Egypt have almost ground to a standstill. In December last year, Turkey exported only 4,972 mt of rebar to Egypt, ...
Tags: rebar import, rebar, steel
Rattled with economic woes, several Egyptian textile producers are being forced to close down their manufacturing units or operate at reduced capacities due to high cost of imported raw materials and a decline in demand for garments in ...
Tags: Economic Crisis, Egypt, Textile Industry
Turkey's Steel Exporters' Association (CIB) organized a visit to Egypt on January 12-14 led by Turkey's deputy economy minister Mustafa Sever and including the participation of CIB chairman Namk Ekinci, steel company executives and economy ...
A government source said that Turkey has immunized its USD 2 billion loan to Egypt against variables such as a court ruling. The loan agreement also requires the Egyptian government to involve Turkish companies in public sector ...
Tags: Turkey, Egypt, public sector investment, court ruling
Dana Gas, the Sharjah based producer, has made two new gas discoveries in the Nile Delta basin. Successful drilling at the two wells, located near existing Dana operations, will increase the company's proven reserves by at least 17 ...
Tags: Dana Gas, gas discoveries, gas, gas industry
Egypt has announced that it has changed from a gas exporting to a gas importing country based on a decision issued by the Petroleum Minister that went into effect on 17th December. According to the ministerial order, the Egyptian Natural ...
Tags: Egypt, gas exporting, gas importing, gas
Suez Cement has announced that it may have to halt production at two of its production lines due to an increase in the price of mazut, a heavy, low-quality fuel oil. The Egyptian government has raised the price of the fuel by 130% to ...
Tags: Fuel Price Hike, Cement Production, Cement, Construction
The Egyptian Government has allocated E£ 300 million for revival of textile companies, especially spinning and weaving units. The Government headed by Prime Minister Dr. Hisham Qandil is keen to revive the textile spinning and ...
Tags: textile sector, textile market, textile industry, weaving units