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Centamin shares tumble on lower than expected gold production forecasts
Shares of London-listed gold miner Centamin “fell down a mine shaft,” City AM reports. The stock slid c. 28% after…
Former Centamin COO Mark Morcombe named chief operating officer at Endeavour Mining
MOVES- Mark Morcombe, the former chief operating officer at Egyptian gold minder Centamin, has been named COO at Toronto Stock…
Supply Ministry announces second phase of its subsidy rolls purge
Subsidies are back in the spotlight after the Supply Ministry announced it is going ahead with the second phase of…
GASC purchases 360k tonnes of wheat
The General Authority for Supply Commodities (GASC) purchased 360k tonnes of wheat, reports Al Shorouk. The purchase includes 60k tonnes…
Execution of Hisham Barakat’s killers, Egypt’s successful eurobond issuance in the limelight on the airwaves
The execution of nine people charged with the killing of former Prosecutor General Hisham Barakat in 2015 was in the…
Delta Sugar Company looks to boost sugar beet production
The Delta Sugar Company hopes to boost sugar output to 310k tonnes this year compared to 270k in the previous…
Egypt pays USD 200 mn in arrears to international oil companies
Egypt paid USD 200 mn in arrears to international oil companies in December, bringing its total arrears down to USD…
Non-OPEC oil producers are failing to meet their supply cut targets
Non-OPEC oil producers are failing to meet their supply cut targets: The 1.2 mbd oil production cut agreement made between…
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