amwalalghad :: Industry & Trade

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

Investment - Industry & Trade

Enas Shaaban - 2015-03-26 15:09:36
Egypt will present on Friday around 82 feddans to establish a trade zone in Gharbia governorate, the country’s Internal Trade Development Authority (ITDA) stated. According to ITDA’s Vice President Yasser Abbas, the trade zone will be with total investments worth 500 million Egyptian pounds (US$65.5 million). Abbas added that the launch of 82 feddans is a first step within the authority’s plan to inaugurate the second generation of commercial developers to establish logistic zones in all governorates. He refers to plans to establish a logistic service zone in Gharbia. The vice president further added that the authority agreed with the governorates to provide variable space lands in all governorates to build retail outlets to sell the different food and non-food commodities at affordable prices to meet the citizens’ needs, notably of low-income classes. More»
Amwal Al Ghad English - 2015-03-26 09:55:02
Thailand's largest energy firm PTT PCL is keen to sell a 25 percent stake in Egyptian gas pipeline company East Mediterranean Gas (EMG), which has stopped operations in recent years, chief financial officer Wirat Uanarumit announced on Thursday. "We are looking at an option to sell the stake. Some (investors) have approached us, but there is no progress so far," Wirat told Reuters. PTT has already written off the investment in Egypt, he said. PTT, which is also in the process of selling its palm business in Indonesia, bought the stake in EMG for $487 million in December 2007. EMG is a company registered in Egypt that owns and operates a cross-border gas pipeline that receives Egyptian gas from an exporting terminal at Al-Arish in Egypt and transports it to a receiving terminal at Ashqelon in Israel. More»
Amwal Al Ghad English - 2015-03-26 08:36:26
The Cairo and Giza Tobacco Traders Association called on the Minister of Supply to distribute a monthly quota of cigarettes through the ration card system, which benefits 40 million low-income citizens. The association also called on Prime Minister Ibrahim Mehleb to overcome failures in controlling the customs ports, which allow counterfeit and anonymous cigarettes to pass. Ration cards is a type of the governmental subsidy system especially for support poor and low-income people in Egypt. This subsidy comprises food subsides like sugar, oil, rice, bread and beans. Every poor or low-income family is supposed to have such a ration card to collect the subsided goods from distribution points. The demand is for 30 cigarette-packets per month to be distributed through the general ration card system. Those who smoke a larger amount can then buy from the market, with prices 50% more than the official price. More»
Amwal Al Ghad English - 2015-03-25 18:59:02
Ethiopia approves to allocate 2 million metres in favour of an Egyptian industrial zone in its lands, chairman of the Egyptian Junior Business Association (EJB) Hossam Farid announced on Tuesday. The agreement was made during Egypt’s President Abdel Fattah al-Sisi’s visit to Ethiopia and meeting with Ethiopian Prime Minister Hailemariam Desalegan. President Sisi called on Egyptian businessmen to establish their own national industrial zones in Ethiopia during his two-day visit to the country on Tuesday. During a meeting with Egyptian businessman in Addis Ababa, the Egyptian president also revealed that he is looking forward to linking both countries with a new highway and sea route to facilitate the transport of products and lower the prices of certain goods. "We hope this will lower the price of meat in Egypt," Sisi said during the meeting. Ethiopia is one of the main exporters of meat to Egypt where it is relatively expensive. Sisi also announced plans to establish an Egyptian- Ethiopian commission aimed at increasing cooperation both nations. Not less than 40 Egyptian companies were given the permission to invest and begin projects in Ethiopia. The meeting with Egyptian businessmen in Ethiopia was attended by Ethiopian Prime Minister Hailemariam Desalegan. Egypt's President Abdel Fattah al-Sisi has paid a two-day visit to Addis Ababa where he has addressed the Ethiopian parliament today, Wednesday over the controversial Grand Ethiopian Renaissance Dam- "GERD". On Monday Sisi signed a declaration of principles agreement on "GERD" specifically related to the countries respective share of Nile water, along with Sudanese President Omar Al-Bashir and Ethiopian Prime Minister Hailemariam Desalgan in Khartoum, Sudan. More»
Amwal Al Ghad English - 2015-03-25 18:28:06
Egypt studies granting around 12 new licenses for cement production within the coming three months, the Industrial Development Authority’s vice chairman announced Tuesday. IDA’s vice chairman Magdy Ghazy made his remarks in a telephone interview on Tuesday with Dina Abdel Fattah’s ‘Kol Al Zawaya’ programme at Al-Nahar TV channel. He said the North African country aims to avoid witnessing a possible gap between the factories’ cement production and growing consumption rates. Within 2020, the cement consumption rates in Egypt are expected to reach 80 million tonnes, Ghazy stated. The production capacity for each licence is set to reach 1.5 million tonnes annually, with total investments worth 12 billion Egyptian pounds (US$1.6 billion), he added. Several of Egypt's major cement producers have begun retrofitting their plants to run on energy from imported coal, beating high gas prices and energy shortages that have curbed industrial output last year. Egypt has been suffering from an energy crisis in recent years as supply from state-owned Egyptian Natural Gas Holding Company (EGAS) has been intermittent and power blackouts commonplace. More»
Amwal Al Ghad English - 2015-03-25 08:10:32
Approximately EGP 2bn worth of investments will be pumped by businessman Mohammed Abou El-Enein, the chairman of Cleopatra Group for Real Estate Projects, during the upcoming two years. Abou El-Enein revealed to Daily News Egypt that these investments include a new tourism project in Marsa Allam, which is currently under study. The project will include 1,200 rooms, he noted. The businessman added that the other project will be a commercial shopping mall in Sheikh Zayed. Abou El-Enein highlighted that his companies are also looking into projects that are related to new and renewable energy, particularly solar energy. “All the expansions that we have stopped since the revolution, will be back on track,” the businessman added. Following the Economic Summit, several companies announced their intentions to investment in the country, and a number of businessmen also pledged to recommence their halted projects. More»
Sanaa Allam, Enas Shaaban - 2015-03-24 12:35:25
GMC Egypt Group for Industrial, Commercial and Financial Investments targets investments worth EGP 100 million (US$13 million) in 2015, founder and CEO Mohamed Genedy told Amwal Al Ghad on Tuesday. Those investments will be allocated to expand into a number of GMC’s industrial and commercial activities, clarifying that the production capacity of the group's factories would be boosted by entering new production lines. Moreover, GMC’s chairman stated that the new manufacturing lines would be added to develop group's products, notably washing machines and deep freezers in addition to plans to create new lines for home appliances field. More»
Amwal Al Ghad English - 2015-03-24 11:22:49
Egypt's President Abdel Fattah al-Sisi issued a decree to modify laws governing the development of the Suez Canal on Monday, allowing funds generated from bond sales for the canal's expansion to be used to create new infrastructure and industries and draw foreign investment. Companies and states recently pledged several billions of dollars to build up the area, including installations to store grain and set up logistics hubs in cities along the vital waterway. The canal itself is currently undergoing an expansion to allow two-way traffic that is scheduled to open in August. That project was funded by a bond issue that collected $8.5 billion in just eight days by selling non-tradable certificates with a maturity of five years at 12 percent interest to Egyptian nationals. The decree, issued Monday, did not say how much funding was sought and it was unclear if it would involve the issuance of new bonds. More»
Amwal Al Ghad English - 2015-03-24 10:48:08
A former principal vice president of US-based Bechtel Corp. was sentenced to 42 months in prison for accepting $5.2 million in a scheme to manipulate bidding for power contracts in Egypt. Asem Elgawhary, 73, of Potomac, Maryland, was sentenced Monday after pleading guilty in December. He took kickbacks from three power companies in exchange for giving them inside information on the bidding process for contracts with Egypt’s state-owned electricity company, the U.S. Justice Department said in a statement. One of the companies, Alstom SA, along with a Swiss subsidiary, pleaded guilty Dec. 22 to paying bribes to Elgawhary and others in violation of the Foreign Corrupt Practices Act. Elgawhary, a dual U.S. and Egyptian citizen, also was ordered to forfeit $5.2 million. He pleaded guilty on Dec. 4 to mail fraud, conspiracy to commit money laundering and obstruction and interference with the administration of the tax laws The case is U.S. v. Elgawhary, 14-cr-00068, U.S. District Court, District of Maryland (Greenbelt). More»
Amwal Al Ghad English - 2015-03-24 10:21:28
South Africa’s steel production dropped by 11.8% year on year (y/y) to an estimated 500,000 tonnes in February 2015 after declining by 9.6% y/y to 550,000 tonnes in January 2015, according to World Steel Association’s latest report. This makes Egypt tops Africa’s steel production. Steel accounts for 4.7% of total manufacturing production and is an important indicator of the overall health of the sector, as it feeds into other manufacturing sectors. The latest decrease follows a 0.6% drop in 2014 to 7.21-million tons (Mt) and means that Egypt is now Africa’s top producer. Egypt grew its production by 8.7% y/y in the first two months to 1.155Mt compared with SA’s 1.05Mt. In 2014 Egypt only produced 6.485Mt. More»