Latest in Tag: steel Highlight
Latest in Tag: steel
Industrial sector, investments will rise when Egypt offers preferential treatment to local products: Trade minister
Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour told the Daily News Egypt in an interview for the Euromoney supplement that the law offering preferential treatment to local products will be referred to the presidency in September for approval. The minister, who also discussed the industrial lands and factory issues, stressed that …
Power crisis threatens industrial sector
Daily reduction of 725m cubic feet of gas at factories; gas supply to EBIC, Alexandria Fertilizers, and Egyptian Fertilizers stopped
Ahmed Ezz released, continues bail procedures
Former steel tycoon and NDP figure Ahmed Ezz completes bail procedures
Government will not offer new licences to steel factories: IDA
The cabinet agreed to modify Bianco’s licence to allow the company to produce rebar and billet according to the energy available after paying fees for altering the licence as well as fees for violating the terms of their current licence.
Settlement for Bianco factory reached after company pays fine, fees for licence amendment
The Industrial Development Authority (IDA) has begun settlement proceedings for a factory owned by Bianco Group of Integrated Industries, after the cabinet decided to approve “the issuance of new licences for the company, allowing it to increase its productive capacity for projects to produce steel billet, while maintaining the rights of the state” in its …
Industry minister meets with Ezz Steel, Beshay Steel and Suez Steel
Abdel Nour met with the companies to discuss repercussions of increase in energy prices on iron
Iron producers demand customs duties, protection fees on imported steel following energy price increases
The government had recently increased natural gas prices by $3 for the iron and steel industry, bringing the total price to $7 per million BTUs.
Handcrafting Ramadan
Sunrays filter through rows of glass Ramadan lanterns, spraying colour over the narrow alley in Al-Darb Al-Ahmar. People view the displayed lanterns with admiration as they walk by, but only a few negotiations with shop owners end in a sale. Using Lanterns in Ramadan celebrations is a tradition that goes back to the Fatimid …
Real estate facing price jumps on rising building materials costs: Arabia Group chairman
Real estate experts expect price jumps in properties, as government price rises for petroleum push up the cost of building materials
IPOs will support public sector businesses: Minister of Industry
Abdel Nour said that the investment climate has improved significantly over the past three months.
Reducing energy subsidies is ‘good’ but may raise prices: Egyptian Steel chairman
Investors welcome the move to reduce energy subsidies, but ask government to protect the poor from expected price jumps through social programmes
Steel mills halt production 8 hours per day due to electricity outages: Suez Steel chairman
Steel plants say they suffer from energy shortages, and despite working at only 70% of production capacity, over accumulation of their inventories has reached 150,000 tons
Court rejects appeal for Ahmed Ezz imprisonment
Steel tycoon still facing charges
Ahmed Ezz granted bail for illegal acquisition of steel company, but remains in detention
The steel tycoon remains locked up for two other financial corruption cases
Ezz Steel Q3 trims net loss
Reuters – Ezz Steel, Egypt’s biggest steel maker, trimmed its net loss by 74% in the third quarter of FY 2013 to 28.64 million Egyptian pounds from 110.05 million a year earlier, company results showed on Monday. Street unrest, political turmoil and an economic slump since a popular uprising toppled autocrat Hosni Mubarak in 2011 …
Five companies to import 30,000 tons of Turkish steel in January
Companies in Egypt have arranged for Turkish steel imports in order to lower the price of domestic steel
Iron and steel workers demand pay
Demonstration expected Wednesday
Iron and Steel workers accuse the government of deception
The workers call on the government to resign after failing to resolve the crisis
Workers’ strike issue still unresolved
Government fails to solve the problem nearly one month after the beginning of the strike
Iron and Steel workers strike a deal
Government pledges EGP 100m to striking workers
Court overturns Ahmed Ezz’s 37-year sentence
Cassation court overturns criminal court ruling of Mubarak-era steel tycoon
Iron and steel workers’ strike escalates
Workers rally outside the holding company headquarters on 14th day of strikes
ETUF declares solidarity with striking iron and steel workers
Minister of Manpower discussing worker demands with cabinet; parent company attempting to solve the issue
Striking iron and steel workers weld shut factory gates in Helwan
Strikers’ demands include removal of the board, payment of profit share
EIPR condemns ‘security interference’ in Suez strike
The Egyptian Initiative for Personal Rights says workers seriously threatened by security officials
Ezz steel case postponed
Steel magnate Ahmed Ezz released until next court session.
High prices cripple the construction sector
Rising cost of materials and devaluing currency important factors affecting the industry
Rebel Economy Wrap
Egypt steel tycoon jailed, but company lives on
Steel tycoon Ahmed Ezz sentenced to 37 years
The Giza Criminal Court sentenced the Mubarak-era politician to 37 years for illegally acquiring a state-run iron and steel company
Steel prices surge, traders call to remove tariffs
The rise of prices is also reflected in all other products in the Egyptian market, especially imported ones