Egypt

Misr Chemical Industries to pay EGP 1/shr dividend for FY20/21

Published on : 2021-10-03

The ordinary general meeting (OGM) of Misr Chemical Industries approved a cash dividend of EGP 1 per share or a total of EGP 73.12 million for fiscal year (FY) 2020/2021.

The dividend will be paid in two instalments worth EGP 0.50 each on 28 October and 30 December, the company said in a bourse disclosure on Sunday.

During FY20/21, the company reported net profits of EGP 133.1 million, up from EGP 63.7 million a year earlier.

Egypt, Italy probe cooperation in petroleum, renewable energy fields

According to a statement on April 22nd

Shell Egypt and Partners Launch 11th Phase Development in Nile Delta Offshore Concession

Shell Egypt, along with partners EGAS, EGPC, and Petronas, have agreed to commence the 11th development phase in Egypt Nile Delta offshore West Delta Deep Marine (WDDM) concession in the Mediterranean Sea.

El Molla Reviews Methanex Plant Progress: Boosting Methanol Production and Sustainability

Minister of Petroleum and Mineral Resources Tarek El Molla recently inspected progress at the Methanex plant in Damietta, reviewing state-of-the-art facilities and production units designed for maximum safety and global sustainability