What's behind the discrepancy between the “hunger” for imports and the “glut” of production?
Monday's decision has already faced substantial pushback.
Egyptian Iron and Steel is the only Egyptian company that uses iron ore found in Egypt’s mines.
Many employees believe that the company will be liquidated in as soon as two months.
Workers are also demanding that management end practices to avoid offering permanent contracts
Increases in production costs of construction materials are bound to affect the real-estate market
Employees have held several protests since the liquidation decision in January
In an effort to stem losses in Egypt’s sugar and steel industries, Minister of Trade Mounir Fakhry Abdel Nour today announced plans…
Mubarak-era steel tycoon Ahmed Ezz was ordered released from detention on Thursday on US$14 million (LE100 million) bail, reported the state-run Middle…
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