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Egypt hikes fuel prices for the third time in 2024
Petrol prices have risen by 33-38% and diesel prices have jumped by 63.6% since the beginning of 2024
Arla Foods looks to take over Domty in USD 183 mn transaction. PLUS: ECA greenlights AngloGold’s bid for Centamin
Arla is offering to pay EGP 31.48 per Domty share
EGAS is setting up a JV to supply Europe with gas. PLUS: News from Beltone, Amoun, FRA, CBE, GB Capital
The JV will focus on the trade, transport, supply, and regasification of natural gas in Eastern European countries and Greece
Chevron to start drilling a new gas well soon. PLUS: News from NBE, Raya IT
The project is part of a broader plan to develop gas reserves in the Narges field
Suez’s coal and diesel production complex should be complete next year. PLUS: News from AMEA, Hassan Allam Holding, Ezz Steel
The facility aims to boost Egypt’s production of diesel, gasoline, and other fuels
Egypt mulls adding corn flour to subsidized bread to reduce import bill
The proposal could save USD 35-41 per ton of wheat
GDP growth slowed to 2.4% in FY 2023-24
The figure represents a drop from the 3.8% growth rate recorded during the previous fiscal year
GASC purchases 3.1 mn tons of wheat to be supplied monthly through April
The purchase is one of GASC’s largest
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