Ezz Steel Rebars, Egypt’s largest steel manufacturer, has raised its February prices for steel rebars free-on-truck (FOT) by 7.5% to EGP3,280 per ton ($698), from EGP3,050 in January. The company said that the increase was driven by price rises of raw materials in global markets. In addition Al Ezz Steel hiked by EGP200 per ton [...]
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[IH IN] Indian Hotels :: to run three hotels in Egypt
Indian Hotels, a unit of Tata Group that runs the Taj Hotels Resorts and Palaces chain of hotels, has entered into an agreement with Palm Hills Developments, to run three high-end hotels in Egypt. The three hotels will be part of Palm Hills’ upcoming developments at the North Coast, Ain El Sokhna at the Red [...]
[DANA UH] Dana Gas :: FY 2009 NI off 26.7% YoY to AED88 mn
Dana Gas’ FY 2009 Revenue from hydrocarbon sales rose by 12% YoY to AED1.28 bn, while gross profit rose by 69% YoY to AED436 mn. It’s FY 2009 NI fell by 26.7% YoY to AED88 mn from AED120 mn in FY 2008, despite significant profits from the sale of 10% of the company’s interest in [...]