The financing will be dedicated to the phosphatic acid production project implemented by El Wady for Phosphate Industries and Fertilizers.
The Egyptian government is planning to exit 83 percent of its 26 companies in the agricultural sector.
The recorded net profits were higher by 6% than EGP 3.73 billion in H1-22, according to the financial results.
Established in 1929, EFIC is an Egypt-based company involved in the production and marketing of agricultural chemicals.
The minister also praised China’s role in supporting Egypt’s inclusion in the BRICS group, an international grouping of world economies.
Bakr said the exhibition is the first of its kind in Egypt that focuses on agriculture and irrigation equipment and solar energy.
A new study has found that the application of fertilizers rich in calcium, magnesium and zinc can vastly improve the growth of potatoes.
Romania sold wheat to Egypt last week. 60,000 tonnes of grain was concluded through trader Viterra at a price of USD 262.05 per tonne.
Seven Egyptian fertilizer manufacturers reported a marginal to moderate impact on operations following the reduction of gas supply by 20%.
The net profits after tax of Abu Qir Fertilizers amounted to EGP 14.64 billion during fiscal year (FY) 2022/2023, higher by 61.70% year-on-year (YoY).
Agriculture Minister al-Sayyed al-Qassir held a meeting with senior officials at his Ministry Monday to discuss mechanisms to support small farmers.
Egypt's agriculture exports reached more than 5 million tons during the period from 1 January until 26 July 2023, an 18 percent surge over 2022.
Egypt is looking to strengthen ties with Nigeria in agriculture, higher education, and telecommunications, Ambassador Ihab Awad said.
China’s Wuhan Engineering Co. and Italy’s Ballestra will help Egypt set up a new domestic fertilizer Complex, the third of the North African country.
Beni Swef: Supply of yellow corn, soybean meal and concentrates
Speaking on the sidelines of the Egypt Mining Forum, Saeed revealed that the combined offers have an estimated investment value of $1.6 billion.
Sweilam had received a report from his assistant for investment Dr Khaled Wassif on measures to maximize benefits from Ministry assets.
The first round of the Agro Egypt exhibition, under the strategic sponsorship of the Export Council for Chemical Industries from 9-11 July.
These seeds are distributed to farmers to the areas that need improved seeds, which is key for greater production.
The agricultural activity in Egypt in recent years now extends to implement several major national projects.