ADNOC Makes $11B Offer to Takeover Covestro  

• Wednesday, 21st June 2023
• by Israa Ibrahim

ADNOC has offered a proposal of almost $11 billion to takeover Covestro, the German plastics and chemicals maker, according to two persons familiar with the matter, Reuters reported.

Egypt Ranks Sixth Among World’s Largest Urea Fertilizer Producers: El Molla

• Tuesday, 28th June 2022
• by Sarah Samir

Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt occupies sixth place in the world among the largest producers of urea fertilizer, with a quantity ranging between 6.5 and 7 million to ...

Natural Gas-Based Industries to Operate in Free Zones

• Monday, 2nd November 2020
• by Editorial Team

The House of Representatives gives the final approval on amending Article 34 of the Investment Law No. 72 for 2017 allowing the licensing of natural gas-based industry projects, especially fertilizers and petroche ...

Abu Qir Fertilizers Produce 24% Above Expectations

• Sunday, 27th September 2020
• by Fatma Ahmed

Saad Abu Al Maati, the Chairman of Abu Qir for Fertilizers and Chemical Industries Company, announced that the production of the company exceeded the expectations during the fiscal year (FY) 2019/2020 despite the ...

Cabinet Approves Licensing of Natural Gas-Based Industries

• Thursday, 14th May 2020
• by Editorial Team

The Cabinet approved the General Authority For Investment And Free Zones’ (GAFI) proposal to allow licensing of projects of natural gas-based industries to work according to Free Zones regulations.

China to Invest in Egypt’s Petchem, Energy

• Wednesday, 5th October 2016
• by Sarah Samir

China's Beijing Enterprises Group to pump investments into Egypt in the framework of the government’s Sustainable Development Strategy