construction

Cement price surge puts a damper on construction materials sector
Business

Cement price surge puts a damper on construction materials sector

As inflation and energy shortages strike Egypt’s economy, construction materials producers are feeling the crunch. The cement industry, in particular,…
Construction sector shrinks as material prices soar
Business

Construction sector shrinks as material prices soar

  The number of registered contracting and building companies has fallen from 41.000 to 14,000, according to Mohamed Abul Enein,…
The real estate pirates behind Alexandria’s collapsing tenements
Egypt

The real estate pirates behind Alexandria’s collapsing tenements

That just three people — a mother and her daughters — died when a building collapsed in Alexandria on Monday places the incident amongst…
Somalia’s capital enjoys building boom
World

Somalia’s capital enjoys building boom

Somalia's last president before the country erupted into decades of war made an ominous warning: Force him from power, and…
Govt report: Growth of GDP, construction sector revitalize economy
Business

Govt report: Growth of GDP, construction sector revitalize economy

The Egyptian economy partially recovered in the second quarter of the fiscal year 2011/2012, from October to December, according to…
Orascom Construction Q4 net falls more than expected
Business

Orascom Construction Q4 net falls more than expected

Egyptian group Orascom Construction reported a 34 percent drop in quarterly net income, missing expectations after being hit by debt…
Egyptian Resorts posts narrower full-year loss
Business

Egyptian Resorts posts narrower full-year loss

Real estate company Egyptian Resorts posted a narrower full-year loss, helped by new revenue from its Sawari project on the…
Optimism pervades Cityscape real estate convention
Art news

Optimism pervades Cityscape real estate convention

Real estate developers participating in Cityscape Egypt 2012 used longer payment plans, smaller affordable houses and additional promotional material to…
Steel and cement prices rise in January
Business

Steel and cement prices rise in January

The prices of steel and Portland cement rose in January by around 2 percent and 11 percent, respectively, compared to…
US expert: Leadership of ‘Military Inc.’ is running Egypt
Business

US expert: Leadership of ‘Military Inc.’ is running Egypt

The Egyptian military’s economic interests have long been considered too taboo to discuss in the mainstream media, so little is…
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