Egypt: CDI wins EUR1bn worth of orders
Chengdu Design & Research Institute of Building Materials Industry Co Ltd, a Sinoma company, has signed a EUR1.053bn turnkey contract for the design, supply, construction and ...
Egypt
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Arabian Cement Q1 profits drop 41%
Arabian Cement have announced a fall in earnings of 40.5 per cent in 1Q16. The company earned EGP34.1m (US$3.85m) in 1Q16, compared with the EGP57.3m (US$6.47m) in the same p...
Egypt: Helwan Cement Company orders Gebr Pfeiffer mill
The Helwan Cement Company, an Italcementi subsidiary, has ordered a new Gebr Pfeiffer coal mill for its cement works. Delivery of the mill will start as early as the end of 201...
Israel complaint over Egyptian circumvention of Gaza cement ban
The Israeli government has filed an official complaint with its counterpart in Cairo after Egypt permitted the import of cement into Gaza, reports the Middle East Monitor. N...
Suez Cement hit by Egyptian pound devaluation
In its quarterly earnings statement for 1Q2016, Suez Cement announced that it has seen cement volumes rise 15.6 per cent YoY. However, net profits for the quarter have fallen t...
Cemex paves Egypt's first concrete highway
Cemex in Egypt contributed to the paving of Egypt’s first concrete highway. The approximately 22-mile (35km) road connects Cairo, the country’s capital, with the seaport city o...
Egypt: Arabian Cement's revenue falls in 4Q15
Arabian Cement Company (ACC) has described its 4Q15 financial results as "mixed". According to Egypt Daily News, the company added that nothing is alarming with regards to ...
ThyssenKrupp Industrial Solutions to expand in MENA
Thyssenkrupp sees future growth in the MENA, and particularly in Saudi Arabia and Egypt, for its industrial solutions business area. Boris van Thiel, thyssenkrupp's CEO of t...
Suez Cement working to limit impact of Egypt's dollar shortage
Suez Cement, a unit of Italy’s Italcementi SpA, is working to minimise the impact of Egypt’s dollar shortage on its operations and has no plans to “withdraw” from the country, ...
Suez Cement says profit transfers hit by foreign currency crisis in Egypt
Suez Cement is struggling to transfer shareholder profits out of Egypt because of a foreign currency crisis, Reuters reports. Egypt has been struggling to revive its economy s...