Tag: mazut

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…

Daily News Egypt Daily News Egypt

Use of coal would require EGP 140m investment: South Valley Cement

Cement company says it is aiming to increase investments in order to…

Sara Aggour Sara Aggour

$500m to be used for importing petroleum products

The Electricity Ministry would first make available $200m in funds in order…

Daily News Egypt Daily News Egypt

Five-hundred Egyptian factories close as a result of increased Mazut prices

Ten-thousand employees have also been laid off as a result

Daily News Egypt Daily News Egypt