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ATICOT to list up to 50% of shares in 2019
IPO WATCH- ATICOT looking to list up to 50% of shares in 2019: The Arab Trade, Investment & Cotton Trading…
Commodities
Cairo 3A seeks EGP 3.4 bn loan for expansions
Agricultural commodity trader and manufacturer Cairo 3A is in talks with the National Banque of Egypt, Banque Misr, CIB, and…
GASC to change payment terms to at-sight LCs for Egypt’s wheat tenders
The General Authority for Supply Commodities (GASC) will begin using at-sight letters of credit (LCs) for upcoming wheat tenders, assuring…
Books, garlic and WhatsApp kept talking heads busy last night
The Cairo International Book Fair, WhatsApp, and garlic were among the topics keeping the talking heads busy last night. President…
An end to flaring? Egyptian oil companies use associated gas for power
Two Egyptian oil companies are bucking the industry trend of flaring associated gas by using it for power generation instead,…
Chinese investors to build EGP 100 mn fodder factory in Egypt’s Luxor this year
Unnamed Chinese investors are planning to invest EGP 100 mn this year in a new animal fodder production facility in…
HyperOne, Seoudi, and Carrefour win tenders for new retail complexes
Supermarket chains HyperOne, Seoudi, and Carrefour won tenders issued by the Supply Ministry to develop 7 retail complexes in Cairo,…
Agiba Petroleum drills two new wells
Agiba Petroleum has drilled two new wells with an initial production capacity of 7,500 bbl/d, company head Mohamed Al Kaffas…
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