Building-Materials News
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Sinai Cement incurs EGP 330.5m consolidated losses in 2022
The EGX-listed firm generated sales worth EGP 2.34 billion last year, higher than EGP 1.44 billion in 2021, according to the financial results.
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South Valley Cement reports nearly $6.8mln losses in 2022
Loss per share stood at EGP 0.43 as of 31 December 2022, versus EGP 0.47 a year earlier.
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Misr Cement's 2022 consolidated profits cross $4.3mln
The sales reached $91.59 million in the 12-month period that ended on 31 December 2022 up YOY from EGP 2.52 billion.
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Egypt's exports of building materials rise 7% YoY in 11 months
The UAE topped the list of importers with $843 million, followed by Canada with $795 million and Italy with $550 million.
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Vicat Egypt ups stake in Sinai Cement for $5.66mln
Vicat Egypt purchased 21.50 million shares in the EGX-listed firm at an average price of EGP 6.49 per share, according to a stock exchange statement.
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Egypt raises natural gas prices for cement, petrochemical industries
The decree also set the price of natural gas supplied to the petrochemicals industry for the production of the ethane-propane mix to a minimum of $4.5
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The business of war: Egypt, others eye reconstruction bids
It appears Egypt will be involved in rebuilding both Syria and Iraq along with Chinese, Russian and European investors.
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Debut Egypt Property Show nets over $55m sales
Egypt Property Show (EPS) 2017 ended its inaugural GCC edition on a successful note with leading developers clinching sales deals worth E£1 billion.
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Egypt greenlights construction of grain storage hub
Egypt approved construction of a ‘global logistics hub’ for grain storage in the country in an effort to reduce annual food import bill.
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Egypt aims to get infrastructure improvements back on track
Zazou said he was confident that Egypt’s tourism industry is turning around and that money is flowing back in.
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52.5% growth in railway passengers in August: IDSC
According to the report, of which the Daily News Egypt was able to obtain a copy, only 10.1 million passengers used railways during August 2014.
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Japan funds new terminal in Egypt's Borg Al Arab Airport
Japan has signed Wednesday a soft loan deal worth EGP 1.2 billion (US$167.7 million) to build a new passenger terminal in Borg Al-Arab Airport.
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Cairo-Cape Town Highway: From vision to reality in 2015
Egypt’s Minister of Transportation has announced that the Cairo-Cape Town Highway will commence trial operations at the start of 2015.
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Egypt to float shares in Suez Canal project
Five-hundred million shares in the project will be available to investors at a rate of $14 a share for Egyptians and $100 per share for foreigners.
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Egypt government mulls securing EGP18bn for Metro Line 3's Phase IV
Egypt's government is studying to contribute EGP 18 billion to implement the fourth phase of Cairo Metro Third Line project.
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Egypt imposes fees on stone exports, banning raw minerals
Decision intended to reduce exports of marble, granite, and sand and includes a ban on minerals Quartz, Talc, Manganese, and Feldspar.
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Egypt's Badr investors to launch Holding Firm with EGP200mn capital
Badr Investors Association is scheduled to launch the firm in cooperation with the Housing Ministry to complete suspended infrastructure projects.
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The Suez Canal Corridor: What's the plan?
The Egyptian government planned a project to develop the Suez Canal Axis and is calling for investors to pitch in. Here is their plan.
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Transformative infrastructure investments can have a multiplier effect on African economies
Hisham El-Khazindar, Managing Director and Co-Founder of Citadel Capital, explains how they raised US$234 million for the national railway of Kenya.
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Rift Valley Railways Investments Turns a Corner Ahead of Major Loan Signing
Rift Valley Railways Investments (RVRI) of Kenya-Uganda has reported US$ 674,000 in EBITDA for the month of June 2011.