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News illustration depicting Tubos Reunidos' creditors' arrangement filing amid Amurrio plant strike and share trading suspension.
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Tubos Reunidos files for creditors' arrangement due to imminent insolvency

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Tubos Reunidos filed for voluntary creditors' arrangement on Monday before an Álava court due to cash tensions worsened by the indefinite strike at its Amurrio plant. The CNMV immediately suspended trading of its shares. The company aims to protect the interests of creditors, workers, suppliers, and shareholders.

Industry Minister Khaled Hashem met a delegation from Türkiye’s Gürok Group to review plans for a new glass tableware factory in Egypt aimed at export markets.

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The Ministry of Revenues has opened an office at the Eastern Industrial Park to deliver efficient and transparent tax services to manufacturers.

Egypt's Minister of Industry Khaled Hashem held an extensive meeting with the Chamber of Pharmaceutical, Cosmetics and Medical Supplies Industries to discuss challenges and measures to strengthen performance and exports. The meeting was attended by the chamber's chairperson, board members, and Export Council representatives. Hashem reaffirmed the ministry's commitment to the sector as a strategic priority.

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Cairo for Investment and Development Company (CID) has launched an offering of 31 ready-to-operate production units and five service shops in the third phase of Robbiki Leather City. The move aims to boost investment in Egypt’s leather manufacturing sector. Applications will open from May 5 to 25, 2026, via the company’s online portal.

The Ifo Institute's employment barometer fell to 91.3 points in April, the lowest since December last year. Companies plan more layoffs than hires, especially in industry and trade. Ifo's Klaus Wohlrabe warns of ongoing pressure on the job market.

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Colombia's National Association of Entrepreneurs (Andi), via its Food Industry Chamber, voiced concerns over a Ministry of Health resolution draft to overhaul frontal and nutritional food labeling. The business group warns the proposal would create legal and technical instability, plus economic burdens for 51,200 sector companies.

 

 

 

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