The dealings included acquiring stakes in the Abu Qir Fertilizers and Chemicals Company (AFC), the Misr Fertilizers Production Company (MOPCO), the Alexandria Container Handling Company, the Commercial International Bank (CIB), and Fawry.
Egypt’s public treasury bore EGP 405 million, the value of the green incentive, for about 17,900 new cars allocated to citizens who completed their procedures on the website, including 16,750 cars and 1,150 taxis and microbuses, Maait noted.
The company’s for 2021 achieved a historical leap, as the volume of the company’s contracts amounted to EGP 6 billion, with a growth rate of 35% compared to 2020. The volume of the company’s revenues for 2021 reached EGP 3 billion, with a growth rate of 42% compared to 2020.
Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Khairy Amr, Jordanian Minister of Investment, during his visit to Cairo. The meeting discussed increasing cooperation in implementing natural gas delivery projects inside Jordan with Egyptian expertise through specialized petroleum sector companies.
Prime Minister, Mostafa Madbouly, chaired the sixth meeting of the Supreme Committee concerned with preparing for Egypt's hosting of the 27th session of the Conference of the States Parties to the United Nations (UN) Framework Convention on Climate Change (COP 27), where he followed up on the ministries' efforts in preparing for the conference scheduled to be held next November in Sharm El-Shaikh.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources received Frans Timmermans, Vice-President of the European Union Commission for the European Green Deal and the European Commissioner for Climate Action and his accompanying delegation.
Engineering for Petroleum & Process Industries Company (Enppi) Chairman Mohamed Abdel Aziz announced that in 2021 the company achieved an increase in net profit by 22%, compared to last year.
Production is the main pillar of the company and the secret of its strength, as the amount of production during 2021 reached about 2.7 million tons, an increase of 12.5% over 2020.
Misr Fertilizer Production Company (MOPCO) announced that it had achieved total revenues of around EGP 10.3 billion in 2021, an increase of 40% over the previous year.
