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Earnings watch: Juhayna reports 3Q2019 results
EARNINGS WATCH- Juhayna Food Industries’ 3Q2019 profit fell 8% y-o-y to EGP 111 mn, the dairy producer said in its…
Falling wheat prices cut import bill by 13.7% in 9M 2019
Falling global wheat prices have knocked almost USD 20 bn off the government’s import bill this year, sources from the…
Egypt and Russia to work on producing vegetable oils in Egypt
Russia’s EFKO, Egypt’s United Oil to set up USD 300 mn veg oil JV: Russian vegetable oil and mayonnaise producer…
Eni acquires 70% of Edison’s stake in North East Hapi Mediterranean concession
M&A WATCH- Eni has acquired 70% of Edison’s stake in Block 12 of its North East Hapi natural gas concession…
Sukari gold mine production falls 17% y-o-y in 3Q2019
Production at Centamin’s Sukari gold mine fell 17% y-o-y in 3Q2019 to 98,045 oz of gold, the company said in…
Agriculture Ministry to boost Egypt’s cultivation of “drought rice”
The Agriculture Ministry aims to increase the cultivation area for less water-intensive rice to 500k feddans from 150k feddans in…
Cotton exports reached 1.8 mn qintars last season
Egypt exported 1.8 mn qintars of cotton worth USD 222 mn between during the last export season, which ran between…
Netflix’s Rotten is back for season 2
Netflix’s Rotten is back for season 2: Netflix’s great docu-series on the hidden economic, and often destructive, forces that lurk…
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