Declining oil prices contribute to budget deficit decrease by $5.5bn: Qalaa Holding
Qalaa Holding expects to achieve earnings totalling $700m in 2017 due to declining oil prices
Latest in Tag: mazut Highlight
Latest in Tag: mazut
Use of coal would require EGP 140m investment: South Valley Cement
Cement company says it is aiming to increase investments in order to double its production capacity
$500m to be used for importing petroleum products
The Electricity Ministry would first make available $200m in funds in order to purchase and distribute 400,000 tonnes of mazut fuel oil as part of a strategic reserve for the country’s electricity stations.
Five-hundred Egyptian factories close as a result of increased Mazut prices
Ten-thousand employees have also been laid off as a result