Egypt announces about establishing a firm to produce a million ton of phosphate annually at a cost of $ 250 million

Yemen, Morocco Sign Comprehensive Technical Cooperation Agreement in Civil Aviation

The Republic of Yemen and the Kingdom of Morocco signed today an expanded technical cooperation agreement in the field of civil aviation between the two brotherly countries.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/04/15 Time 08:46:57
Latest News:

Government Committee Reviews Flood Damage in Districts of Taiz

Minister Buhaybeh Discusses Strengthening Partnership with IRC in Health Projects

Yemen discusses with IMF decision to resume Article IV consultations, subsequent steps

Yemen Participates in Parliamentary Meetings Supporting Palestine, the Asian Group

President al-Alimi: Security of waterways contingent on ending control of Iran’s agents over parts ..

Egypt announces about establishing a firm to produce a million ton of phosphate annually at a cost of $ 250 million

[11/06/2024 05:42]

CAIRO-SABA
The Arab Republic of Egypt announced on Tuesday the establishment of a corporation to maximize the added value of low-concentration phosphate ores and produce one million tons per year of crude at a total cost of 250 million US dollars.

The Egyptian Ministry of Petroleum and Mineral Resources said in a statement, "This came during the signing of the shareholders' agreement to establish the company between the Egyptian Mineral Resources Authority and the two companies (East Gas) and (IMEX International) in the presence of the Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla.