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Fertilizer prices drop 30% — but gas risks cloud the outlook
Egypt’s fertilizer industry is enjoying lower prices and steady production, but gas costs, export pressures, and black-market risks remain serious…
CBE cuts interest rates by 200 bps
Good morning, friends, and happy weekend. We’re being treated to cooler-than-usual weather this weekend, and to that we say: thank…
USD rebounds against EGP
Good morning, friends, and happy weekend. As temperatures rise, so do our collective desires to stay in, pick up a…
Banks ease FX curbs as liquidity improves
Good morning, friends, and happy weekend. We’re in for quite the warm weather this weekend, so if there’s a pool…
Egyptian Soda Ash Company inks USD 490 mn financing agreement for long-awaited soda ash plant
The facility in New Alamein will produce 600k tons of soda ash a year
Opening date for Grand Egyptian Museum set for 1 November
Good morning, friends, and welcome to the weekend. With last weekend’s hotter-than-ever weather behind us, we can finally get out…
EGP extends gains, hits nine-month high against USD
Good morning, friends, and welcome to the weekend. We’re manifesting cooler weather — and calmer days. Haven’t planned out your…
Gov’t slaps factories with fines for water overconsumption
The Holding Company for Water and Wastewater is billing manufacturers for exceeding newly imposed consumption quotas
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