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Gold sees worst weekly drop in over three years amid post-US election market reset
Gold prices are down 6.6% already this month
Aton Resources to launch gold extracting and processing facility in 2026. PLUS: BP to drill two new wells, Sabbour Consulting expands to KSA, British Council promotes inclusion
The facility will process finds from its Abu Marwat concession in the Eastern Desert
Electricity Ministry sets offtake prices for stored solar energy. PLUS: Knauf + Hassan Allam Construction, Siemens, Dynamic Distribution, Aton
RENEWABLES- Egypt sets tariffs for stored solar energy: The Electricity Ministry has put a price tag on energy produced from…
Global firms are interested in Egypt’s oil sector. PLUS: News from Bonya, Alex Container, Telecom Egypt
PLUS- Energean’s USD 945 mn asset sale to Carlyle set to go through by year end
Eastern Company hikes cigarette prices for the fourth time this year. PLUS: News from Palm Hills, Misr Petroleum, GASC
The increase came in response to the Finance Ministry enacting the law that allows companies to raise prices by 12%…
AngloGold to acquire Centamin next month. PLUS: News from Modon, Adeer, Abu Qir
The transaction will be carried out on 22 November
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
AngloGold Ashanti to buy Centamin in USD 2.5 bn transaction in bid to acquire Egypt’s Sukari mine
The transaction is expected to close in 4Q 2024
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