Arab Finance: Egypt’s cement prices have risen by 20% since August 1^st after cement producers cut their production, Head of the Building Materials Division at the Federation of Egyptian Chambers of Commerce Ahmed El-Zeini told Asharq Business.

The price increase ranges from EGP 200 to EGP 500 per ton, with the final price for end consumers reaching around EGP 3,000 per ton, El-Zeini noted.

He added that cement factories have been informing their agents of price hikes every week since the beginning of the month.

El-Zeini pointed out that the local cement companies exported around 9 million tons of cement during the first half (H1) of 2024.

ExxonMobil unveils new natural gas discovery in Egypt’s Mediterranean Sea Updated 1/15/2025 9:37:00 AM

China’s Geely Auto opens factory in Egypt   Updated 1/15/2025 9:17:00 AM

Egypt aims for 6-month wheat reserve with new contracts Updated 1/14/2025 11:14:00 AM

China National Tire’s Prometoen Tyre to set up 2 new projects in Egypt Updated 1/14/2025 10:12:00 AM

Egypt’s non-oil merchandise exports reach $40.8B in 2024: El-Khatib Updated 1/14/2025 9:06:00 AM