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Abu Auf plans new EGP 75 mn coffee factory in Tenth of Ramadan industrial city
A subsidiary of commodity player Abu Auf is planning to set up a EGP 75 mn coffee plant in the…
Basic materials
Better Cotton Initiative launches in Egypt to certify local farmers
Global non-profit the Better Cotton Initiative (BCI) has launched a program in Egypt to train 2k local farmers to cultivate…
Egyptian Steel eyes EGX listing after covid-19 crisis
IPO WATCH- Egyptian Steel Group could go public on the EGX once the covid-19 crisis has died down, founder and…
Egypt’s GASC purchases 240k tonnes of wheat
The General Authority for Supply Commodities (GASC) purchased 240k tonnes of wheat on Thursday from Russia, Romania, and Ukraine, according…
Arabian Cement profits triple in 1Q2020 to EGP 16 mn
EARNINGS WATCH- Arabian Cement profits triple in 1Q2020 to EGP 16 mn: Spending cuts helped Arabian Cement to deliver a…
State grain buyer GASC has purchased 120k tonnes of Russian wheat
State grain buyer GASC purchased yesterday 120k tonnes of Russian wheat, according to Reuters. The shipment will bring Egypt’s total…
Earnings Watch: Misr Cement, Abu Qir, Telecom Egypt
EARNINGS WATCH- State-owned Telecom Egypt (TE) reported a 19% y-o-y decline in 1Q2020 net profits to EGP 1.3 bn on…
Your top infrastructure stories of the week
Your top infrastructure stories of the week: Five cement factories could close this year as covid-19 compounds sector’s woes, officials…
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