Mohamed Haroun

Multinational developers consider investing in Egyptian real estate
Business

Multinational developers consider investing in Egyptian real estate

The Egyptian real estate market has become the focus of interest on the part of several multinational companies, some of…
IDA offers contractual terms for new permits for steel production
Business

IDA offers contractual terms for new permits for steel production

Egypt's Industrial Development Authority (IDA) on Sunday offered the contractual terms for new production permits for construction steel and billets…
Govt finalizes Madinaty re-sale to TMG
Egypt

Govt finalizes Madinaty re-sale to TMG

A panel commissioned to oversee the re-sale of the Madinaty property to Talaat Moustafa Group (TMG) will not alter the…
President calls for legal committee to resolve Madinaty land case
Egypt

President calls for legal committee to resolve Madinaty land case

President Hosni Mubarak has called for the formation of a "neutral legal committee" mandated with resolving the case of the…
TMG eyes international arbitration in wake of Madinaty ruling
Egypt

TMG eyes international arbitration in wake of Madinaty ruling

Legal advisor for the Talaat Moustafa Group (TMG) Shawqi al-Sayyid has threatened to seek international legal arbitration in an attempt…
Consortium: Egypt capable of producing cement needed for nuke reactor
Business

Consortium: Egypt capable of producing cement needed for nuke reactor

A consortium of multinational companies comprised of KHD (Germany), ABB (Switzerland) and UZIN (Romania) have submitted a feasibility study to…
Local steel, cement plants to lose power at peak hours
Business

Local steel, cement plants to lose power at peak hours

The Ministry of Electricity and Energy has agreed with local steel and cement factories to temporarily cut their electricity during…
Cement plants will need to provide their own energy, say government sources
Business

Cement plants will need to provide their own energy, say government sources

Licenses issued for building new cement factories will require investors to independently secure energy needs, according to an announcement from…
Cement company requests permission to import gas
Business

Cement company requests permission to import gas

In an unprecedented move, the Egyptian Cement Company has officially demanded permission from the Ministry of Petroleum to import either…
No need to rely on multinationals for oil exploration, USGS advises Egypt
Business

No need to rely on multinationals for oil exploration, USGS advises Egypt

The US Geological Survey (USGS) has advised Egypt not to grant oil exploration concessions--or any share of its oil production--to…
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