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Explainer: Too much steel? What are the market conditions behind the decision to liquidate Egyptian Iron and Steel

“The common factor between the Egyptian Iron and Steel Company and all other steel companies in Egypt is the dysfunctional production capacity,” says a former manager at the Egyptian Iron and Steel Company, which is getting ready to exit the Egyptian market 67 years after its foundation based on the …

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Egyptian-Turkish trade agreement comes under fire

In the presence of Egyptian Minister of Trade and Industry Nevin Gamea during a parliament session Feb. 2, Hafez Omran, a member of the parliamentary Industry Committee, called for the need to reconsider the free trade agreement between Egypt and Turkey, stating that such an agreement is to the detriment …

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