The agreement represents a notable step towards sustainable and decarbonized agriculture in Egypt.
Chemical and fertiliser exports by the most populous Arab nation peaked at nearly $9 billion in 2022.
The discussions on the deal began when Egyptian President Abdel Fattah El-Sisi raised his country’s need for the grain during a meeting with PM Modi.
The financing will be dedicated to the phosphatic acid production project implemented by El Wady for Phosphate Industries and Fertilizers.
The recorded net profits were higher by 6% than EGP 3.73 billion in H1-22, according to the financial results.
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).
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.
Speaking on the sidelines of the Egypt Mining Forum, Saeed revealed that the combined offers have an estimated investment value of $1.6 billion.
The first round of the Agro Egypt exhibition, under the strategic sponsorship of the Export Council for Chemical Industries from 9-11 July.
To be operation-ready in the first half of 2026, the $300 million (AED1.1 billion) plant is designed to produce 600 tonnes per day of Nitric Acid.
The meeting comes as part of the EDA’s efforts to tap Egyptian medicines into African markets.
The plant, whose completion is expected in the first half of 2026, will produce 600 tpd of Nitric Acid.
Last year, the standalone net profits after tax of Mopco enlarged by 148%.
Eligible shareholders will receive the dividend on 14 May 2023, according to a bourse disclosure.
During the first half (H1) of FY22/23, the EGX-listed firm generated EGP 7.23 billion in net profit after tax.
The complex is implemented by ThyssenKrupp AG, a German industrial engineering and steel production multinational conglomerate, and Egypt's Petrojet.