Steel prices Hike by USD 11.205 Per Tonne

• Thursday, 3rd August 2017
• by Menna A. Farouk

Cairo Chamber of Commerce announces that three Egyptian steel producers have raised steel prices for the local market by EGP 200 (USD 11.205) per tonne, Reuters reports.

Egypt’s Misr Cement H1 Profit Falls

• Friday, 14th July 2017
• by Menna A. Farouk

Egypt's Misr Cement announces the consol net profit after tax at EGP 50.6 mn versus EGP 137.6 mn year ago, Invest-Gate reports.

Cairo’s Hotel Occupancy Rates Fall in May

• Wednesday, 12th July 2017
• by Menna A. Farouk

Cairo’s hospitality market witnesses a 10.1% year-on-year decline in occupancy in May 2016, Invest-Gate reports.

Egyptian Iron & Steel Records EGP 1.11 bn Sales in 11 Months

• Tuesday, 11th July 2017
• by Menna A. Farouk

Egyptian Iron and Steel registered lower sales in the first eleven months of FY2016-17 compared to the prior-year period, Invest-Gate reports.

Gov’t to Finalize EGP 6.436 bn Projects by Year-End

• Monday, 3rd July 2017
• by Menna A. Farouk

The Central Agency for Reconstruction is expected to complete new development projects by the end of December 2017, Invest-Gate reports.

Sheraton Reopens Cairo Hotel in Innovative Style

• Monday, 3rd July 2017
• by Menna A. Farouk

Sheraton Hotels & Resorts, a subsidiary of Marriott International, announces the reopening of a hotel in Cairo, Invest-Gate reports.

Housing Ministry Delivers 700 Units in El-Noubariya El-Gadida

• Tuesday, 20th June 2017
• by Menna A. Farouk

The government is handing over new units in in El-Noubariya El-Gadida City in El Beheira governorate, Invest-Gate reports.

Gov’t Unveils Service Projects Worth EGP 182.8 mn

• Monday, 19th June 2017
• by Menna A. Farouk

The Central Agency for Reconstruction is currently implementing new service projects as part of its plan for the fiscal year 2016/2017, following the completion of 13 projects in 12 governorates, Invest-Gate reports.  

Steel Rebar Prices Up in Egypt on Import Tariffs

• Monday, 19th June 2017
• by Menna A. Farouk

 Steel rebars used in construction increase by approximately 17% in Egypt after temporary import tariffs on rebars from China, Turkey and Ukraine came into effect last week, Reuters reports.  

Egypt to Establish 20,110 Units in 16 Cities by Year-End

• Sunday, 18th June 2017
• by Menna A. Farouk

The government is to complete the establishment of 20,110 residential housing units in 16 governorates by the end of this year, Invest-Gate reports.