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Private sector makes bids in government auction of 2020 cotton crop
The private sector has for the first time in the modern era participated in the state’s cotton crop auction sale…
Ibrahim Ashmawy appointed chairman of forthcoming commodity exchange
Egypt’s new commodity exchange just got a new chairman as we inch closer to launch: Internal Trade Development Authority Chairman…
New “smart transportation” system, consumer facilities top stories on last night’s talk shows
We were finally treated to some econ news last night, as former IMF advisor Fakhry El Fiqi discussed yesterday’s foreign…
Manufacturers continue lobbying efforts to cut gas prices ahead of fuel committee meeting
Manufacturers are pushing ahead with an aggressive lobbying campaign that aims to convince the state to cut natural gas prices.…
FinMin mulls exempting sheet metal from development fees
The Finance Ministry is considering exempting importers from the 10% development fee on imports of sheet metal following a request…
Aton Resources to execute reverse stock split to finance Abu Marawat expansion
Egypt-focused Aton Resources will execute a reverse stock split sometime in mid-September to finance exploration at its Abu Marawat concession,…
Industry requests another cut in gas prices to USD 3.5/mmbtu
Industrial players still want to pay less for natural gas… Chemicals and fertilizer manufacturers are raising the issue of lowering…
Dana Gas in talks with IPR Energy over sale of Egypt assets
M&A WATCH- The UAE’s Dana Gas is in talks with Texas-based IPR Energy over the sale of its Egypt assets…
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