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Gov’t to halt exports of legumes for three months
The Trade Ministry will suspend all exports of beans and legumes for three months to ensure domestic demand is met…
Egypt sees delays in offloading grain shipments
Egypt has encountered delays in offloading Black Sea supplies of corn and wheat for the private market, with at least…
Egypt wheat imports hold steady in 2020-2021
Egypt is expected to import 12.85 mn tonnes of wheat in marketing year (MY) 2020-2021, up a marginal 0.4% from…
Farouk Saleh Nasser appointed as vice chairman of Alexandria Portland Cement board
MOVES- Farouk Saleh Nasser (bio) was appointed as vice chairman of the board at Alexandria Portland Cement, according to an…
EGX sell-off slows following CBE’s surprise rate cut
EGX sell-off slows following CBE’s surprise rate cut: The benchmark EGX30 index dipped again yesterday, but at a slower pace…
CBE extends cash cover for basic foodstuffs
The Central Bank of Egypt has extended the exclusion period for some basic food commodities, namely rice, lentils and fava…
Suez Cement to offload stake in Kuwait’s Hilal Cement after reporting EGP 1.2 bn loss
M&A WATCH- Suez Cement to offload stake in Kuwait’s Hilal Cement after reporting EGP 1.2 bn loss: Cement producer Suez…
What we’re tracking on 9 March 2020
It’s shaping up to be an ugly day. Covid-19 infections continue their slow-burn spread in Egypt and global markets are…
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