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MOVES- Arabian Cement appoints Salvador Cabanas Lopex as CFO
MOVES- Arabian Cement Company has appointed Salvador Cabanas Lopez as CFO, the company said in an EGX disclosure (pdf).
Basic materials
Canal Sugar to sign three MoUs for investments worth USD 1 bn
Al Canal Sugar is expected to sign three MoUs with ElSewedy Electric, Saudi’s Alkhorayef Group and China’s Sinoma International Engineering…
Egyptian Iron and Steel Company to consider tender from Russia’s MetProm
The Egyptian Iron and Steel Company is considering an offer from Russian company MetProm in a tender to help the…
Egypt’s cotton production to drop 31% in MY 2019-2020 -USDA’s Cairo office
Egypt’s production of cotton is forecast to drop 31% in marketing year (MY) 2019-20 to 337k bales, down from 489k…
Demand for Egyptian grapes is up this season
Egyptian red grapes are in healthy demand from Europe, Canada, and China this season, said May Salem, general manager for…
Egypt plans to cultivate 200k feddans of less water-intensive rice this season
The government is planning to cultivate 200k feddans of drought- and salt water-tolerant rice this harvest season as part of…
GASC orders new 60k tonne shipment of Romanian wheat
State grain purchaser GASC has re-ordered 60k tonnes of Romanian wheat from Ameropa after a previous shipment was rejected in…
Egypt no longer settling for three months commodity reserves, goes for five-six
The Supply Ministry will no longer settle for a three months-worth “strategic” stock of commodities, and has raised the floor…
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