Economy and macroUpdated November 9

Abu Qir stops one plant amid Egypt’s gas cuts

Asharq Business with Bloomberg reported that Abu Qir Fertilizers stopped one plant and is operating two at full capacity amid the gas-supply cuts. Egypt raised the cuts to about 33% for three fertilizer producers effective November 8; Asharq Al-Awsat reported that the increase aims to reduce reliance on costly LNG imports.

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Coverage started November 9