Egyptian billionaire Ahmed Ezz’s Ezz Steel hit by 30% gas cut as $120 million LNG cargoes squeeze Egypt
Billionaires Africa | 10.11.2026 17:21
Egyptian billionaire Ahmed Ezz’s Ezz Steel, the Arab world’s largest steelmaker, has been hit with a 30% cut in natural gas supplies as soaring import costs force Cairo to ration fuel to heavy industry.
