Latest in Highlight
Company’s revenues decline to EGP 7.254bn in last fiscal year
Ahmed Shawky Othman Al Qasbaji is the grandson of first Kaaba Kiswah maker in Egypt. The Kiswah used to be made annually at the hands of 10 people before the pilgrimage season.
Current crisis is perfect time for local industry to strengthen its position and expand
Global trade war and Coronavirus threaten oil markets: former petroleum minister
Market to face oil glut in coming period, prices to fall under $60: Source
El-Molla explained that the current rate was achieved four months ahead of the planned date, after the completion and implementation of the second maritime line with a diameter of 30 inches and a length of 215 km.
Company boosted an average investment of $500m in past 3 years, says GM
Egypt aims to increase solar energy share to 16%, wind energy to 14% of energy production, says Al-Saeed
LNG imports halt expected save state $250m per month, $3bn a year, says El-Molla
Kuwait Energy achieved significant financial results in its concession areas, says El-Molla
Petroleum Ministry aims to highlight Egypt’s success stories at EGYPS conference
The Ministry of Petroleum is aiming to increase the average production of Egypt’s natural gas during this fiscal year by 19.53%, to reach 5.342bn cubic feet of natural gas daily, compared to 4.469bn cubic feet of gas daily throughout the past fiscal year 2016/2017, according to data from the ministry. Data reveals that the ministry …
Profitability of mills likely to fall in 2018 amid weak demand
The growth of revenues during Q3 was mainly driven by an increase in the dairy and juice segments’ revenues, which climbed 21% and 18% y-o-y respectively in the first nine months of 2017, according to Juhayna’s report
The company will adopt a Japanese model to lessen waste between 5-10 percent in 2017
The new drug’s cure rate is 98%, and treatment period is two months: company’s director in Africa
The government increasing the supply price of sugarcane and beets will result in an expansion in total harvested areas to meet demands, according to GAIN
Resolution does not include Al-Nowais coal plant, Siemens wind farm
The rehabilitation of manpower, research, and development are more important than developing factories
The company allocated EGP 25m to establish a packaging line in 2017
MPs worried that companies will store large amounts of medical products to take advantage of price differences
The company Oriental Weavers plans to inject EGP 100m in investments during the second half of 2016 to expand its production capacity. The company aims to add seven new looms after its merger with Rozatks Modern Spinning and Weaving Company, bringing the total capital expenditures to $14.5m and the production capacity to 4.2m sqm. Mohamed …
The production value in the public business sector as a whole in 2014/2015 reached EGP 95bn, compared to EGP 114.8bn in 2013/2014, with a decrease of 17.3%.
Egypt’s average production of natural gas declined to 3.8bn cubic feet per day
All oil exploration and production concession agreements in Egypt have been operating according to Production Sharing Agreements since 1973. This was a shift from the tax/royalty system towards equal sharing agreements concluded between the government, represented by the Egyptian General Petroleum Corporation (EGPC), and foreign companies, with a view to reduce the pressure on the …
EGP 164bn for public investments, EGP 700bn to pay for the debt service, wages, subsidies in all forms
The Egyptian Cabinet approved defining a fixed value on cement licences and will accept bids from qualified applicants
Average cement production per week in December was recorded at 1m tonnes
The total production of the two wells reached 83m cubic feet of gas per day that have compensated for the natural decline of fields production.