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New cotton auction system draws criticism from bidding companies for high prices
Private companies refused to participate in the first cotton auction held under a new mechanism yesterday, complaining that the opening…
Basic materials
Farmers urge gov’t to impose import duty on sugar
The Agriculture Ministry has asked the government to look into proposals submitted by the Farmers’ Syndicate to control sugar imports,…
Egypt’s cotton exports rise by 74% y-o-y during 8M 2019
Cotton exports increased by 74% during the first eight months of 2019 to 1.74 mn qintars, compared to 1 mn…
Eastern Tobacco raises prices of some products
Eastern Tobacco raised the prices of its Mundial and Black Label cigarettes by EGP 1, the company said in a…
Earnings watch: Raya Holding, Domty, Suez Cement, Tourah Cement
EARNINGS WATCH: Domty 2Q2019 net profits fall 35% y-o-y: Arabian Food Industries (Domty) reported 2Q2019 net income of EGP 37.5…
Indian tea exporters eyeing Egypt as alternative to Pakistani market
India’s tea exporters are eyeing Egypt and Iraq as possible alternatives to the Pakistani market, the biggest tea importer from…
El Sisi inaugurates large fertilizer complex in Sokhna
President Abdel Fattah El Sisi inaugurated a new phosphate and compound fertilizer manufacturing complex at the Ain Sokhna Industrial Zone…
El Nasr fertilizers and Benchmark Power Int’l sign MoU for Suez ammonia factory
State-owned El Nasr Co. for Fertilizers & Chemical Industries signed an MoU with Benchmark Power International to build a USD…
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