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

Planning Minister Meets with British Ambassador

Minister of Planning and International Cooperation Mohammed al-Faqmi met with the United Kingdom’s Ambassador to Yemen Abda Sharif.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/09/02 Time 12:07:36
Latest News:

Planning Minister Meets with British Ambassador

Ambassador Balfaqih Discusses Strengthening Bilateral Cooperation with Indonesian Official

Yemen Participates in Non-Aligned Movement Meeting in Belgrade

U.S. House Holds Hearing on Countering Houthi Terrorism and Protecting Red Sea Security

Prime Minister Receives Acting WFP Executive Director in Aden

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.