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Minister of Petroleum Tarek El-Molla announced on Friday that 30% of Abu Qir Fertilisers (ABUK) shares will be offered on the Egyptian stock exchange (EGX).
The Chemical Fertilisers Export Council announced an increase of 26% in the exports of the sector, to record $2.59bn, during the first half (H1) of 2018, up from $2.58bn, during the same period last year. Notably, Egypt witnessed a crisis in the prices of fertiliser and its products over the past few weeks, such that …
Company’s net profits registered EGP 95.9m during previous fiscal year
Imports stood at EGP 31.47bn during January, 21.2% less than the EGP 39.97bn recorded a year earlier, according to CAPMAS
Companies in free investment zones must export all products, no need to consider subsidised fertiliser shortages domestically
Farmers and fertiliser producers strongly opposed over pricing issue
Daily production decline of 150m cubic feet of gas in Egypt, shortage of 11m metres of gas and equivalent for fuel needed for electricity