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Egypt’s Obour Land to break ground on EGP 255 mn dairy farm before year-end
Obour Land will break ground before the end of the year on a new dairy farm expected to cost EGP…
Basic materials
Earnings Watch- AT Lease, Domty, Misr Cement Qena, Obour Land
EARNINGS WATCH- AT Lease reported EGP 35.7 mn in net profits during 1H2020, up 4.6% from EGP 34.14 mn in…
Egypt’s GASC receives record number of offers in wheat tender
The General Authority for Supply Commodities (GASC) has accepted seven offers in a tender to purchase 410k tonnes of wheat…
Earnings Watch: Centamin Mining, Ezz Steel, Juhayna, Amer Group, MNHD, ERC
EARNINGS WATCH- Centamin Mining pre-tax profits surge on rising gold prices, higher production: Centamin Mining’s pre-tax profits soared by 221%…
Egypt to increase sugar production to 2.5-2.6 mn tonnes this year
Egypt will increase sugar production to 2.5-2.6 mn tonnes in FY2020-2021, up from 2.48mn tonnes last year, Mustafa Abdel Gawad,…
Egyptian Steel in talks to obtain EGP 2 bn in Islamic financing
The Egyptian Steel Group is seeking EGP 2 bn in shariah-compliant funding to increase its working capital and finance the…
Galina to set up EGP 120 mn greenhouse JV with Germany’s Sun Pharma
Agrifood player Galina-Agrofreeze is setting up a greenhouse production JV with Germany’s Sun Pharma called Sun Pharma Egypt, Chairman Abdel…
Chemical Holding to acquire half of Al Ahli Capital’s stake in WAPHCO
M&A WATCH- Chemical Holding to acquire 10% stake in phosphate company: The Chemical Industries Holding Company is closing in on…
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