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Supply Ministry reduces prices on subsidized commodities ahead of Ramadan
The Supply Ministry has decided to reduce the prices of some subsidized commodities, including sugar, dates, flour, lentils, and fava…
Basic materials
Tecnimont asks for five-month extension, extra USD 76 mn for KIMA 2 project
Italian engineering and construction firm Tecnimont has asked for a five-month extension and an extra USD 76 mn to complete…
Supply minister, prime minister to discuss local wheat prices for upcoming harvest season next week
Supply Minister Ali El Moselhy is expected to meet next week with Prime Minister Sherif Ismail next week to discuss…
GASC purchases 475k tonnes of Russian and Romanian wheat in global tender
The General Authority for Supply Commodities (GASC) purchased 355k tonnes of Russian wheat and 120k of Romanian wheat in an…
Egyptian cotton production to reach 420k bales in FY2018-19, says US report
Egyptian cotton production is set to grow 40% y-o-y to 420k bales in FY2018-19, according to the latest report by…
ODE to launch Makadi Heights Red Sea project in April
Orascom Development Egypt (ODE) is planning to launch its new residential and commercial Red Sea Coast development Makadi Heights next…
Centamin investors reject company’s new remuneration policy
Shareholders of Egypt-focused gold miner Centamin refused to back the company’s new remuneration policy during an AGM yesterday, the Financial…
Turkey’s BIM to increase Egypt capital by USD 7.4 mn
Turkish discount supermarket operator BIM has decided to increase the share capital of Egypt-based unit BIM Stores by USD 7.4…
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