Construction News
-
Arab Contractors to significantly expand Egyptian and Saudi operations
Company Chairman Engineer Mohsen Salah talks about the the company’s upcoming expansion projects in Egypt and Saudi Arabia.
-
Indian company wins $14 million contract in Egypt
An Indian company today won a major $14 million contract for a World Bank-funded project in Egypt's power sector.
-
Egypt’s Talaat Moustafa posts 12% increase in net profit in first half 2014
Revenues were up to 2.663 billion pounds compared to 2.418 in the first half of 2014.
-
Egypt's SODIC hits 5-year high, doubles profits in H1/2014
Stellar first half of 2014 for Egyptian real estate developer, as share prices reach LE44 and net profits are doubled from same period last year.
-
Egypt's Medinet Nasr sees 3% rise in profits in 1H/14
Medinet Nasr Housing and Development's Tag Sultan project was the main driver of the firm's increase in profits.
-
Egypt's steel rebars see price hikes in August
Retail prices of locally produced steel rebars have jumped to LE5,280 per tonne in August from LE5,065 in July.
-
Egypt's Amer Group H2 net profit up 28%
The firm, which owns hotels, restaurants and malls, among other businesses, made a net profit of 44.4 million Egyptian pounds.
-
Industry, food and metal production rose during 2012: CAPMAS
Risen value of several commodities influenced production value, government statistics agency indicates.
-
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 $100 per share for foreigners.
-
Egypt government mulls securing EGP18bn for Metro Line 3's Phase IV
Egypt's government is studying to contribute EGP 18 billion to implement the fourth phase of Cairo Metro Third Line project.
-
Egypt's steel industry files anti-dumping claim against imports
Steelmakers have submitted a request for the government to re-introduce anti-dumping duties on imports of rebar and wire rod.
-
Egypt imposes fees on stone exports, banning raw minerals
Decision intended to reduce exports of marble, granite, and sand and includes a ban on minerals Quartz, Talc, Manganese, and Feldspar.
-
Egypt's Badr investors to launch Holding Firm with EGP200mn capital
Badr Investors Association is scheduled to launch the firm in cooperation with the Housing Ministry to complete suspended infrastructure projects.
-
Egypt industry minister meets Ezz Steel, Beshay Steel and Suez Steel
Mounir Fakhry Abdel Nour met with the three largest companies producing iron and steel in Egypt, to discuss the repercussions of energy prices.
-
Bets on property lift Egypt's bourse; banks support Qatar
Egypt's bourse climbed 1.4 percent to a three-week high of 8,429 points as shares in property developer Talaat Moustafa Group jumped.
-
Egyptian cement producers face energy cuts
Output in the building materials industry has been impacted by the turbulence with public spending on construction and infrastructure declining.
-
Qalaa Holdings signs agreement for Sphinx Glass
The size of the transaction will imply an enterprise value of around US$ 180 million which translates into a cash consideration of US$ 114.2 million.
-
Nestle opens chocolate plant in Egypt, builds factory in Dubai
The new plant in 6th of October City is a 65 million-Egyptian-pound ($9 million) extension to Nestle's existing dry goods factory.
-
Egypt's Arab Contractors to expand investments in Africa
Leading construction company says it has 35 projects in Equatorial Guinea, plus a highway linking Ethiopia and Kenya.
-
Palm Hills Developments names new co-CEO
The move follows US private equity firm Ripplewood’s acquisition of a 2.3% stake in PHD last month.