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FinMin mulls exempting sheet metal from development fees
The Finance Ministry is considering exempting importers from the 10% development fee on imports of sheet metal following a request…
Basic Materials + Commodities
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Basic Materials + Commodities
Aton Resources to execute reverse stock split to finance Abu Marawat expansion
Egypt-focused Aton Resources will execute a reverse stock split sometime in mid-September to finance exploration at its Abu Marawat concession,…
Egypt targets 15.6 tonnes of gold production in FY2020-2021
Egypt is targeting the production of 15.6 tonnes of gold in the current fiscal year, the local press reports, citing…
Egypt’s potato exports dip 25% y-o-y
Egypt’s potato exports declined 25% this year, coming up almost 200k tonnes short of our 850k-tonne target for the year…
Egypt’s GASC wants unspecified amount of wheat for October delivery
State grain buyer GASC has launched a tender for an unspecified amount of wheat it plans to have delivered between…
Egypt’s Supply Ministry raises compensation for subsidized bread bakers
The Supply Ministry is paying bakeries a higher fee for producing subsidized bread, according to a decision seen by Al…
New cotton trading system for 2020-2021 to rely on public auctions for pricing
The government will implement a new cotton trading system in four governorates — Fayoum, Beni Sueif, Beheira, and Sharqia —…
Egypt’s Obour Land to break ground on EGP 255 mn dairy farm before year-end
Obour Land will break ground before the end of the year on a new dairy farm expected to cost EGP…
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