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المشهد العربي
VertiGlobal growth in Egypt and Algeria reaches 92%
Vertyglob recorded strong operational performance during the second quarter of 2026, with plant utilization rates in Egypt and Algeria reaching 92%, surpassing operational challenges in the UAE thanks to ongoing manufacturing improvement plans. The company also announced a reduction in its net debt to AED 2.3 billion (USD 621 million) by the end of June, compared to AED 3.7 billion in December 2025, supported by stabilized urea prices and the recovery of demand levels following the easing of conflicts and the resumption of maritime navigation. The company anticipates the urea market to remain stable in the medium term, with demand improving supported by rising prices of cash crops.
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