amwalalghad :: Industry & Trade

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        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

Amwal Al Ghad English - 2015-05-30 10:54:06
Egyptian Prime Minister Ibrahim Mahlab and Electricity Minister Mohamed Shaker will inaugurate Assiut power plant next Monday, a source familiar with the matter said on Saturday. Assiut power plant will cover all Upper Egypt's governorates with the capacity of 1.500 Megawatts (MW). The source stated that PM would head Sunday evening to Assiut, accompanying a number of ministers to open the plant. Assuit power plant would be added to the unified electricity grid after going into operation to participate in reducing power outages, the minister told the reporters during his visit to Jordan with the PM. Furthermore, Shaker affirmed that 3.600 megawatts (MW) would be added to the national grid at the end of August and 6.800 megawatts (MW) would be added to it at the end of 2015. Moreover, the power station was built by Orascom Construction Industries and General Electric.
Amwal Al Ghad English - 2015-05-30 07:40:11
General Motors Co (GM.N) is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp (7312.T), the U.S. automaker said. The trucks are 2007 and 2008 model Chevrolet Silverados and GM Sierras. Subaru will expand its recall of 2004 and 2005 model Impreza compact cars with Takata air bags to about 80,000 from 20,000, the unit of Japan-based Fuji Heavy Industries (7270.T) also said on Friday. More»
Marwa Hemdan - 2015-05-28 15:05:37
Egypt’s State for Environment Affairs Minister Laila Iskander has witnessed today signing fuel production from waste agreements between Suez and Qalyubia governorates and the French cement maker Lafarge SA. Suez governor Al-Araby al-Serwy has contracted with Lafarge to implement the third phase of household waste disposal project. Lafarge undertakes the residential waste collecting, which it uses in energy production. Al-Serwy affirmed that Suez already contains four cement factories and suffers from energy crisis. In cooperation with Lafarge, the governorate will recycle the unused tonnes of waste to turn it into reliable energy sources. From his part, Qalyubia Governor Mohamed Abdel Zaher assured that the new agreement is a major step to get rid of the crisis of waste and trash piles in streets. More»
Amwal Al Ghad English - 2015-05-28 13:02:15
Orascom Construction (OC) has completed the first phase of a power plant in the Upper Egyptian governorate Assiut; adding capacity of 375 megawatts (MW) to the nationwide electricity network, the company announced Thursday.OC started implementing the project in the 15th of December 2014 and finished the first phase after five and half months in cooperation with 5500 Egyptian workers and total working hours of 5.7 million. Orascom Construction is among a consortium that has signed two contracts to build two power plants in Assiut and West Damietta with capacity of 1000 megawatts (MW) and 500 megawatts (MW) respectively. More»
Islam Salah - 2015-05-28 13:16:50
Egyptian Investment Minister Ashraf Salman has inaugurated Thursday the first state-run factory, affiliated to El Nasr for Electric & Electronic Equipment - Neeasae, to produce LED lamps. The factory will be constructed in Alexandria governorate with total cost of EGP15 million (US$2 million) with the capacity of 500.000 lamps monthly. Salman asserted that the new factory is one among the current developments on public sector's firms. Factory's net profit is expected to record EGP 5.7 million (US$747 thousands), minister stated. Furthermore, he added that this factory is to participate in saving energy within the upcoming period by producing power saving lamps with international qualifications. Moreover, the head of The Chemical Industries Holding Companies Mohamed Reda clarified that the new factory comes among firm's strategy to support affiliate companies to use and develop available resources. More»
Islam Salah - 2015-05-28 12:51:16
Egypt's free zones capture 25% of total exports' volume recording US$ 8.2 billion annually, Investment Minister Ashraf Salman said on Thursday. The free zones are playing important role in the Egyptian economic system, Salman added, asserting that the total invested capitals in those free zones reached US$10 billion recently. Ministries of Investment and Finance are currently making regulations on private free zones to be submitted to the Cabinet soon, Salman elaborated. Moreover, the minister clarified that foreign labor's volume in those zones is estimated at 3.500 workers out of 69.000 workers as total in all zones in different governorates. More»
Eslam Salah - 2015-05-28 12:00:36
Egypt’s Holding Company for Metallurgical Industries has pumped EGP18 billion investments (US$2 billion) through ten years to upgrade 12 affiliated firms, Zaki Basyouni - Chairman- said on Thursday. The chairman made these remarks on the sidelines of Investment Minister's visit to review Egyptian Copper Works today. Basyouni added that Egyptian Copper Works is one of the most important affiliated companies that received investments worth EGP 840 million (US$ 110 million) through the past 10 years. He added that EGP 650 million (US$ 85 million) of those investments were invested in fixed equipments in order to support company’s performance in the upcoming period. Moreover, the chairman clarified that Metallurgical Holding Company's strategy during the current period depends on enhancing the communication with the affiliated companies to improve their production powers. More»
Amwal Al Ghad English - 2015-05-28 09:30:13
The penchant of rich mainlanders for flaunting their wealth is a big reason that China is set to dethrone the U.S. as the luxe automaker’s biggest market this year. Newly minted Chinese millionaires have long heralded their status by buying big, expensive cars such as Porsche’s Cayenne SUV. But after a government crackdown on graft and conspicuous consumption, growth in luxury-car sales is slowing, and Chinese buyers are settling for less opulent models. That could spell an end to the gold rush for brands such as Porsche, BMW, and Audi, which have relied on China for about 50 percent of their global profits, estimates Sanford C. Bernstein. “The enormous growth rates luxury-car makers like us have seen in China in recent years won’t continue,” Porsche Chief Financial Officer Lutz Meschke said in May in Atlanta, where the sports-car maker was unveiling a test track and customer center to foster U.S. interest in the brand. “We have to adapt to that.” More»
Amwal Al Ghad English - 2015-05-28 09:18:30
UK car production fell in April after a rise in vehicle output for the domestic market failed to offset a drop in exports. Production in April was 3.8% lower than last year, according to the Society of Motor Manufacturers and Traders (SMMT). The number of cars produced for the domestic market increased by 11.1% to 29,930. However, those intended for export, which represents a much larger portion of the market, fell 7.6% to 98,382. Low demand in Europe may have hindered UK exports. "Europe as a whole is three million units off its peak," SMMT chief executive Mike Hawes told the BBC. More»
Amwal Al Ghad English - 2015-05-28 07:29:02
The Egyptian Natural Gas Holding Company (EGAS) has stopped pumping gas to 60% of Egypt’s high consumption gas factories. The stoppage is due to high temperatures, and power stations’ demands for gas exceeding 65% out of Egypt’s total gas production. An EGAS official revealed that power stations increased their consumption to 3.2bn cubic feet of gas on a daily basis, due to the sudden rise in temperature. He added that 240m cubic feet of gas is pumped daily out of the total 510m cubic feet needed for fertiliser factories. The official confirmed the gas will be pumped to Abu Qir, Mobco, and Al-Masriya Fertiliser 2 only, and no additional amounts will be pumped to El Nasr, Helwan, Alexandria, and Al-Masriya Fertiliser 1. Talkha fertiliser factory no longer receives gas due to maintenance work at the factory. Gas is also no longer pumped to the two production lines of Ezz Steel. Instead, only one production line is operating, and 35m cubic feet of gas are pumped daily to the line, of the total 100m cubic feet for the three production lines contracted upon. More»