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Egypt gives private sector first call at cotton bids next year
The government plans to have the private sector make the first bid for cotton in the coming season to attract…
Basic Materials + Commodities
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New cotton auction system to be mandatory for private sector
Private companies will be forced to participate in a new cotton auctioning mechanism that could be rolled out nationwide for…
Egypt scraps minimum price for cotton exports
The Holding Company for Spinning and Weaving is scrapping a decision from October 2018 that set a minimum price for…
El Rashidy El Asly inaugurates new EGP 200 mn factory
Confectioner El Rashidy El Asly inaugurated the first phase of its EGP 200 mn factory in Sixth of October City,…
Egypt’s imported rice reserves suffice through the first week of February
Egypt has sufficient imported rice reserves to cover demand through the first week of February, Supply Minister Ali Moselhy said…
Agro Egypt to establish EGP 20 mn sorting and packaging station
Agro Egypt plans to establish a EGP 20 mn sorting and packaging facility in Sixth of October to double its…
Sawiris’ La Mancha plans GBP 6.6 mn investment in Altus Strategies:
Naguib Sawiris’ La Mancha mining company has signed a letter of intent to invest GBP 6.6 mn in Altus Strategies,…
Steel prices hit four-year low amid falling demand
Factory prices of steel rebar have fallen below EGP 10k per ton, its lowest level since the EGP float, the…
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