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Egypt’s Domty signs agreement with America’s AMF for EGP 500 mn bakery line
The Arabian Food Industries Company (Domty) signed an agreement last week with US bakery equipment manufacturer AMF Bakery Systems to…
Basic Materials + Commodities
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Basic Materials + Commodities
Egypt receives USD 48.2 from Sukari gold mine in 2H2018
Egypt received USD 48.2 mn in profit share and royalties from Centamin’s Sukari gold mine in 1H2019, the company said…
Egypt announces state of emergency as Nile water volumes fall 5 bn cubic meters in 2019
The Irrigation and Water Resources Ministry has announced a nationwide state of emergency due to Egypt’s share of Nile water…
Medsofts plans to invest EGP 180 mn in Nile Silos
Medsofts is planning to invest EGP 180 mn in expanding the storage capacity of Nile Silos to 235k tonnes, General…
Fayoum, Beni Suef to experiment with auction mechanism for Egypt’s short staple cotton crops
The government will begin using public auctions on a trial basis in Fayoum and Beni Suef to sell local short…
Egypt secures USD 14 mn loan from OFID to set up wheat silos
Investment Minister Sahar Nasr signed yesterday a USD 14 mn loan agreement with OPEC Fund for International Development (OFID) CEO…
Sugar crop production rises 320k tonnes y-o-y to hit record levels
Egypt produces a record 2.48 mn tonnes of sugar crop this season, marking an increase of some 320,500 tonnes y-o-y,…
Sugar imports down 10.2% in 1H2019, frozen meat imports up 11.5%
Egypt’s sugar imports declined by 10.2% y-o-y in 1H2019 to 116.4k tonnes, compared to 129.5k tonnes during the same period…
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