The Alexandria Minerals and Oils Company signed an agreement with France’s Axens that will see the latter provide it with technology to help improve the quality of its refined diesel fuel, Al Masry Al Youm reports. AMOC is looking to bring the quality of its diesel fuel up to international standards in a bid to increase its exports and expects the French company to complete its work by 2019 or 2020. The value of the contract was undisclosed.
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…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
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…