CAIRO: Egypt’s agricultural exports exceeded more than five million tons in 2020 despite the coronavirus outbreak and its disruption to transport and international trade, according to the country’s minister of agriculture and land reclamation.
Al-Sayed El-Quseir said that 11 new markets were opened for agricultural products, the most important of which was Japan, and that a protocol was signed to export mangoes to the US. These developments proved the quality of Egyptian agricultural products, he added.
Exports amounted to five million tons of agricultural products, equivalent to $2.1 billion (EGP33 billion), which would contribute to supporting foreign exchange reserves.
The most important agricultural exports were citrus fruits, potatoes, onions, beets, pomegranates, grapes, potatoes, mangoes, garlic, strawberries, beans, guava and pepper.
According to official data, New Zealand opened its market for Egyptian oranges, the Brunei and Indonesian markets opened for onions, the Argentine, Japanese, Uzbekistan and Brazilian market opened for citrus fruits, while the Indian and Mauritian markets opened for potatoes.
The Ministry of Agriculture and Land Reclamation said that the volume of exports being targeted in 2021 in light of the 2020 rates was subject to supply and demand.
There was also work being carried out in terms of monitoring, quarantine and supervision to ensure that the requirements of importing countries were met.
“We are working at full capacity,” the minister said.
Egypt’s agricultural exports exceed 5m tons in 2020
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Egypt’s agricultural exports exceed 5m tons in 2020
- Exports amounted to five million tons of agricultural products, equivalent to $2.1 billion (EGP33 billion)
- The most important agricultural exports were citrus fruits, potatoes, onions, beets, pomegranates, grapes, potatoes, mangoes, garlic, strawberries, beans, guava and pepper
Closing Bell: Saudi main market sheds 85 points to finish at 11,098
RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower in the latest session, falling 85.79 points, or 0.77 percent, to finish at 11,098.06.
The MSCI Tadawul 30 Index declined 0.63 percent to close at 1,495.23, while the parallel market index Nomu dropped 0.91 percent to 23,548.56.
Market breadth was firmly negative, with 42 gainers against 218 decliners on the main market. Trading activity saw 226 million shares exchanged, with total turnover reaching SR4.5 billion ($1.19 billion).
Among the session’s gainers, Tourism Enterprise Co. rose 9.40 percent to SR15.02. SHL Finance Co. advanced 4.51 percent to SR16.00, while Almasar Alshamil for Education Co. gained 3.56 percent to SR23.88.
Dar Alarkan Real Estate Development Co. added 3.03 percent to SR19.70, and Banque Saudi Fransi climbed 2.61 percent to SR19.30.
On the losing side, Almasane Alkobra Mining Co. recorded the steepest decline, falling 6.61 percent to SR96.
Al Moammar Information Systems Co. dropped 5.14 percent to SR164.20, while National Company for Learning and Education declined 4.60 percent to SR124.30. Saudi Ceramic Co. slipped 4.14 percent to SR27.30, and Arabian Contracting Services Co. fell 4.12 percent to SR116.50.
On the announcement front, Saudi Telecom Co. announced the distribution of interim cash dividends for the fourth quarter of 2025 in line with its approved dividend policy.
The company will distribute SR2.74 billion, equivalent to SR0.55 per share, to shareholders for the quarter.
The number of shares eligible for dividends stands at approximately 4.99 billion shares. The eligibility date has been set for Feb. 23, with distribution scheduled for March 12.
The company noted that treasury shares are not entitled to dividends and that payments will be made through Riyad Bank via direct transfer to shareholders’ bank accounts. stc shares last traded at SR44.80, unchanged on the session.
Separately, National Environmental Recycling Co., known as Tadweer, reported its annual financial results for the year ended Dec. 31, 2025, posting significant growth in revenue and profit.
Revenue rose 53.5 percent year on year to SR1.24 billion, compared with SR806 million in the previous year. Net profit attributable to shareholders increased 68.4 percent to SR60.9 million, up from SR36.2 million a year earlier, driven by higher sales volumes and operational expansion.
Tadweer shares last traded at SR3.80, up 2.70 percent.
