Egypt harvested 127K feddans of cotton this season, falling far below the government’s target of 250K feddans and 3% less than the 131K feddans planted last year, Al Borsa reports. Meanwhile, the government has collected 606k tonnes of local wheat as of Friday, Supply Minister Ali El Moselhy tells Al Masry Al Youm.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
EGX30 gained 2.79% in 3Q, but September gave back most of its July-August run, with mid-caps falling the hardest
Small- and mid-cap indices widened their lead over the benchmark…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…