Last Updated : GMT 09:40:38
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Sunday 15 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
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contracting companies

Egyptian expert reveals bankruptcy of two thousand companies

Themuslimchronicle, themuslimchronicleEgyptian expert reveals bankruptcy of two thousand companies264997/504
Cairo - Safaa Abdel Qader
Chairperson Egyptian Federation of Construction and Building Contractors Hassan Abdel Aziz blamed the increasing prices of the building materials used in the projects for the exit of two thousand contracting companies from the market during 2016. He criticized the Egyptian authorities for the delay in the issuance of the law of spreads, saying that it would lead the exit ofRead more

Egyptian official reveals the exit of contracting companies from market

Themuslimchronicle, themuslimchronicleEgyptian official reveals the exit of contracting companies from market263555/504
Cairo - Safaa Abdel Qader
Chairperson Egyptian Federation of Construction and Building Contractors Hassan Abdel Aziz blamed the increasing prices of the building materials used in the projects for the exit of two thousand contracting companies from the market during 2016. He criticized the Egyptian authorities for the delay in the issuance of the law of spreads, saying that it would lead the exit ofRead more

Cabinet approves bill of compensating contracting

Themuslimchronicle, themuslimchronicleCabinet approves bill of compensating contracting225149/83
Cairo - MENA
Housing Minister Mostafa Madbouli asserted on Sunday that the cabinet approved a draft law concerning compensating contracting companies after recent economic decisions. In a press conference after the cabinet’s meeting, Madbouli said the bill includes four articles.  A high committee will be formed to tackle the compensations in which it is planned to finalize all required measures within the nextRead more

Saudi Arabia pays SR40bn owed to contractors

Themuslimchronicle, themuslimchronicleSaudi Arabia pays SR40bn owed to contractors217001/83
Riyadh - Arab Today
Saudi Arabia has made a payment of SR40 billion it owed to private companies, in less than two weeks after Deputy Crown Prince Mohammed bin Salman, chairman of the Council for Economic and Development Affairs, announced a settlement of dues to the contractors. The payment was late due to a sharp decline in oil revenue and the new measures takenRead more

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