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Infrastructure 
NBE looks into arranging a USD 400 mn loan for Al Canal Sugar factory
The National Bank of Egypt is studying arranging a USD 400 mn loan to finance the establishment of the Saudi…
Commodities
GASC purchases 120k tonnes of Russian wheat
The General Authority for Supply Commodities (GASC) purchased 120k tonnes of Russian wheat at USD 223.5 per tonne on Wednesday,…
Egypt’s cotton exports drop 36.7% y-o-y in 1Q2017-18
Egypt’s cotton exports dropped 36.7% y-o-y in 1Q2017-18 to 128,300 qintars, down from 202,500 qintars during the same period last…
Raya Holding partners with Italy’s UVCC for USD 70 mn agricultural products factory in Uganda
Raya Holding is partnering with Italy’s UVCC to establish a USD 70 mn food production facility in Uganda, Raya CFO…
Katilo to invest EGP 120 mn in New Damietta cheese factory
Dairy manufacturer Katilo is building an EGP 120 mn cheese factory in New Damietta, Chairman Abdel Moneim Katilo tells Al…
HeidelbergCement raises synergies target from Italcementi acquisition, Egypt gives bigger presence
HeidelbergCement raised its target for synergies from its USD 4 bn takeover of Italcementi for the third time in less…
GASC issues wheat tender while Russian wheat prices expected to rise
The General Authority for Supply Commodities (GASC) issued a tender yesterday for an unspecified amount of wheat for a late…
Gov’t to set local wheat buying price in March
The government will set the price of buying local wheat in March, one month ahead of the harvest, the Agriculture…
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