Latest in Tag: production Highlight
Latest in Tag: production

Egyptalum expects EGP 993.7m net losses in FY 2020 due to higher production costs
Company’s revenues decline to EGP 7.254bn in last fiscal year

Video: Kaaba Kiswah production in Egypt
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.

Prime Minister Madbouly asks local manufacturers to increase raw materials productionÂ
Current crisis is perfect time for local industry to strengthen its position and expand

Oil declines 22% trading; KSA announces production increase
Global trade war and Coronavirus threaten oil markets: former petroleum minister

Oil loses $5 a barrel after Aramco’s announcement of restoring full production
Market to face oil glut in coming period, prices to fall under $60: Source

Egypt’s Zohr production rises to 2.7bn scf/day: Tarek El-Molla
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.

Production costs in Egypt’s market are highly competitive: Coca-Cola
Company boosted an average investment of $500m in past 3 years, says GM

Ministry of Planning, Qalaa Holdings, Nile University sign protocol to boost renewable energy production
Egypt aims to increase solar energy share to 16%, wind energy to 14% of energy production, says Al-Saeed

Egypt’s gas self-sufficiency within reach supported by production increase: OBG
LNG imports halt expected save state $250m per month, $3bn a year, says El-Molla

Petroleum minister, Kuwait Energy discuss investment opportunities oil, gas exploration, productionÂ
Kuwait Energy achieved significant financial results in its concession areas, says El-Molla

2017 saw leaps in natural gas production: Tarek El-Molla
Petroleum Ministry aims to highlight Egypt’s success stories at EGYPS conference

Petroleum Ministry aims to increase gas production by 19.53%
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 …

Sugar price downward trajectory extends as production rises
Profitability of mills likely to fall in 2018 amid weak demand

Juhayna attributes its EGP 1,684m revenues in Q3 to dairy, juice production
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

Juhayna seeks to reduce production costs through reducing waste
The company will adopt a Japanese model to lessen waste between 5-10 percent in 2017

German production on the rise again
New data show industrial output in Germany rebounded faster than expected in April from a March slump, boosted by a big increase in energy production and a buoyant jobs market.Industrial production in Germany, Europe’s largest economy, rose 0.8 percent in April over the previous month in a positive sign for continued growth in the second …

American “Gilead Sciences” considers producing new Hepatitis C drug in Egypt
The new drug’s cure rate is 98%, and treatment period is two months: company’s director in Africa

Egyptian sugar production to increase by 7% in MY 2017/2018: GAIN Report
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

Electricity Ministry abolishes direct contracting scheme for production projects
Resolution does not include Al-Nowais coal plant, Siemens wind farm

Increase of local components in automotive industry will harm production, marketing: MasrougaÂ
The rehabilitation of manpower, research, and development are more important than developing factories

Elsaad injects EGP 50m to develop production lines over 3 years
The company allocated EGP 25m to establish a packaging line in 2017

Cabinet limits increase in prices to medicines in production
MPs worried that companies will store large amounts of medical products to take advantage of price differences

Oriental Weavers invests EGP 100m to expand production capacity in H2 of 2016
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 …

12% in production value of iron, steel in public business sector 2014/2015: CAPMAS
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%.

As linking projects stall, energy companies see production rates fall
Egypt’s average production of natural gas declined to 3.8bn cubic feet per day

Egypt gas agreements: from production sharing to tax/royalty
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 …

Egypt doubles production of gas in Q2 of 2017: Prime Minister
EGP 164bn for public investments, EGP 700bn to pay for the debt service, wages, subsidies in all forms

Ministry of Industry to issue a condition of contract for new cement production licenses
The Egyptian Cabinet approved defining a fixed value on cement licences and will accept bids from qualified applicants

Cement prices stable in 2015 but uncertainly looms as market faces regulatory measures Â
Average cement production per week in December was recorded at 1m tonnes

50 million cubic feet increase in total Egyptian natural gas production
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.