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

President al-Alimi praises adherence of Shoura Council, political parties to references of transitional stage

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) praised the nationalistic and responsible stances of the Shoura Council and the National Coalition of the Political Parties (NCPP) which affirmed their categorical rejection of any unilateral measures that weaken state institutions or undermine the existing partnership among national forces battling the Iranian regime backed Houthi terrorist militias.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

African Development Bank supports transport infrastructure in Somalia with $76 million

The African Development Bank has approved additional funding of $76.37 million for the road infrastructure program in Somalia, which is a key component of the Horn of Africa Corridor project connecting Somalia, Djibouti, and Ethiopia.

CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco

The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.

Last Update: ، 2025/12/15 Time 06:30:29
Latest News:

Yemen Participates in 19th Meeting of CEDARE Board of Trustees in Virtual Session

Foreign Minister meets with Austria's Special Envoy

Maj. General al-Zubaidi briefed on health services in government-held governorates

Minister al-Soqatri Discusses with World Food Program Support for Agricultural, Fisheries Sector Projects

Guterres: What Hadhramaut is witnessing is a dangerous development, Houthis' arrest of UN employees unacceptable

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.