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Egypt
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GSSC reports 32% surge in annual profits, reinforces role in Egypt’s grain logistics sector
GSSC has offered a cautious outlook for the upcoming fiscal year, projecting a 37.9% drop in profits amid expected market volatility.
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North Cairo Flour Mills reports 11% drop in annual profit despite strong quarterly gains
Despite the annual profit dip, net profit for the quarter surged by 42.3% to EGP 10.409 million (US$335,000).
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Middle Egypt Flour Mills grows profit by 5% to US$2.33M despite sector pressures
The profits comes despite headwinds such as currency devaluation, rising energy prices, and higher logistics costs impacting the milling sector.
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Egypt, Italy partner in US$40M investment to boost wheat production
The partnership focuses on modernizing Egypt’s wheat value chain through technical and institutional upgrades
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Egypt signs major wheat deals with France, Romania amid push to diversify imports
The deals, announced on June 5, are part of a wider strategy aimed at stabilizing wheat imports in the face of escalating global supply uncertainties and price volatility