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Egypt’s ESIIC taps German-Saudi consortium to overhaul sugar business
A consortium of four consultancies will work with state-owned sugar manufacturer ESIIC on a restructuring and factory upgrade plan under…
What we’re tracking on 13 October 2020
Good morning, friends. It’s hump day, and we have plenty of news to get you through the morning — and…
Earnings watch: Egypt Aluminum plunges into the red in FY2019-20, QNB AlAhli reports 20% drop in 3Q2020 net profits
EARNINGS WATCH- Egypt Aluminum recorded EGP 1.67 bn of losses in FY2019-20, a year after turning a EGP 571 mn…
Private sector buys 40k qintars of cotton under new auction system
Private-sector companies bought nearly 40k qintars of cotton since the launch of the state’s new auction-based cotton trading system, which…
UFG, Egypt revive talks to reopen Damietta LNG facility
Could we finally be approaching the end of the Damietta LNG saga? Talks have resumed between Union Fenosa Gas (UFG)…
US imposes tariffs on aluminum imports from Egypt, 17 other nations
Egypt is among 18 countries facing almost USD 2 bn in combined US tariffs on aluminum sheet exports after an…
Fuel prices to remain unchanged till end of 2020
The government’s fuel pricing committee decided to leave fuel prices unchanged for the remainder of 2020, according to a cabinet…
Shell, Total to export 30 natgas shipments from Egypt’s Idku in 2021
Shell and Total will export 30 shipments of natural gas from the Idku liquefaction plant in 2021, Youm7 reports, citing…
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