Egypt: Qalaa 1Q16 losses
Qalaa Holdings recorded a 1Q16 net loss of EGP242.7m (US$27.3m), greater than the losses of EGP112.2m (US$12.6m) seen in the same period last year, as reported by news organisat...
Egypt
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Egypt: new licences may threaten Misr Cement
The Egyptian government will announce the results of the license 8 tender on 30 July, which will see the addition of new production capacity to compete with current companies in...
Egypt: Suez Cement ranked bottom
Egyptian company Suez Cement has ranked in the bottom quartile of the country’s performers for the year just passed. The company’s performance saw it ranked 144/144 in the BSS N...
Egypt: CDI wins EUR1bn worth of orders
Chengdu Design & Research Institute of Building Materials Industry Co Ltd,
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 peri...
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 2016...
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.
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 to...
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 of...
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 profi...