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Egypt to import up to 700k tonnes of sugar in FY 2020-2021
Egypt is planning to import between 600k and 700k tonnes of sugar this fiscal year, Reutersreports, quoting an Agriculture Ministry…
Al Gioshy Steel postpones expansion, blames new import tariffs
Al Gioshy Steel has postponed plans to add a production line to its steel rebar production facility, citing the Trade…
Supply Ministry to set up new logistics zones in South Sinai
The Supply Ministry plans to set up new logistics zones for commercial supply chains in the South Sinai, with a…
Carlyle, Cairn-backed consortium, Dragon Oil in the running to acquire Shell Egypt onshore assets
M&A WATCH- Private equity firm Carlyle Group and a consortium backed by Cairn Energy are in the running to acquire…
Egypt to resume inspecting wheat shipments at ports of origin
Egypt will allow inspectors to resume travel to check wheat shipments at their ports of origin, for countries that are…
Pipeline accident, Egyptian military intervention in Libya top stories on talk shows
It was a mixed bag on the airwaves last night: Yesterday’s pipeline explosion understandably attracted the most attention, but we…
National Bank of Egypt arranges EUR 540 mn loan for Spinning and Weaving holding co.
The National Bank of Egypt has arranged a EUR 540 mn loan for state-owned Holding Company for Spinning and Weaving…
Egypt’s current wheat current reserves to meet 5-6 months of consumption
Current wheat reserves will support domestic consumption for the next five to six months, Supply Minister Wael Abbas told Reuters.…
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