amwalalghad :: Industry & Trade

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        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        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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

Amwal Al Ghad English - 2014-12-22 16:51:03
 Shakespeare and Co. the Dubai-based franchise that was recently awarded the “2014 Best Middle East and North Africa Franchise Brand”, has decided to inaugurate its first branch in Egypt. The brand has an aspiring plan to launch 10 branches across Egypt over the upcoming periodwith investments worth 100 Million Egyptian Pounds. Shakespeare and Co. is another example of ambitious youth investment projects that will help create more job opportunities and establish a higher industrial benchmark in the food & beverage sector. Worth mentioning that fb Republic is the owner of the trademark in Egypt. Shakespeare and Co. has 37 branches in the Middle East region in all of the U.A.E, Lebanon, Jordan, Qatar, Oman, and Iraq, in addition to 2 other branches in Lexington, Kentucky in the USA.Moreover, Shakespeare and Co. has plans to spread into the Saudi and Bahraini markets. The café restaurant concept of Shakespeare and Co. is a proven and winning combination that satisfies customers’ desires for great food, delicious beverages and a truly unique experience and ambience. More»
Amwal Al Ghad English - 2014-12-22 14:17:25
The global drop in oil prices will save Egypt a third of its fuel subsidy bill in the current fiscal year, the Minister of Petroleum said. Fuel subsidies will drop to about LE70 billion ($9.7 bn) in the fiscal year ending 30 June 2015, down from LE100 billion originally planned if Brent crude remains at the current level, Sherif Ismail said in an emailed statement today. The Egyptian government used $105 per barrel to forecast its expenses in 2014/15 fiscal year, the state budget showed. Oil fell to a five-year low of $54 a barrel before rebounding to about $60 by the end of last week. The fall in oil is good news for the Egyptian government which in July slashed fuel subsidies, raising pump prices by up to 78 percent. It hopes to reduce the budget deficit to 11 percent of GDP this year, down from 12.8 percent last year. More»
Ahmed El Damrdash - 2014-12-22 12:15:55
Egypt's Nile Company for Pharmaceuticals and Chemical Industries (Nile Pharma) plans to launch and register 6 news drugs, 5 for human usage and one for veterinary purposes, with the current fiscal year 2014-15, an official from Nile the company told Amwal Al Ghad . The official added that the launch of new drugs is part of company's strategy to boost its products in local market. Moreover, he affirmed that the company seeks to register these drugs within the current fiscal year. On other side, Nile Pharma decided to allocate EGP 13.8 million, within the current fiscal year, to develop and upgrade researches.  In contrary, the company dedicated EGP 130.1 million during the last fiscal year. More»
Amwal Al Ghad English - 2014-12-22 07:32:53
Egypt has sufficient wheat supply to last until late April, just after the government will begin buying wheat from the local harvest, the supplies minister said in a statement on Sunday. Khaled Hanafi said the government would start procuring wheat from local farmers in mid-April. He said the state would pay farmers 420 Egyptian pounds ($59) per ardeb, the equivalent of around 150 kg. That is the same price it paid last year. The local price exceeds the price Egypt pays in the international market by more than $100 per tonne. The minister frequently issues statements about the level of strategic reserves, and these statements do not have a bearing on the world's top wheat importer's purchases from international markets. Indeed, Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Saturday it had bought 300,000 tonnes of wheat from France and Russia in a tender due for shipment on Jan. 21-31. More»
Enas Shaaban - 2014-12-21 16:35:56
Egypt is not in the Russian list of countries banned as sources of imported wheat, Egyptian supply minister Khaled Hanafy said on Sunday. According to Hanafy, Egypt has sufficient wheat supply to last until end of April 2015, just after the government will begin buying wheat from the local harvest. He further said the government would start procuring wheat from local farmers in mid-April. The state would pay farmers 420 Egyptian pounds ($59) per ardeb, the equivalent of around 150 kg. That is the same price it paid last year, the minister noted. More»
Amwal Al Ghad English - 2014-12-21 14:57:13
Saudi-based Al-Othaim Group is planning to pump investments estimated at 300 million Egyptian pounds (US$42 million) in Egypt’s leisure tourism sector within the next three years, the CEO announced. According to Fahd bin Abdullah Al-Othaim- CEO of Al-Othaim Group – the targeted investments will be notably in Cairo, aiming to carry out more expansions into other governorates. Fahd’s remarks were made during the press conference held on Saturday by Amer Group to announce the new entertainment city in Porto Cairo Mall in cooperation with Al-Othaim Group. Furthermore, Al-Othaim’s CEO said the investment cost of the new entertainment city in Porto Cairo Mall would amount to 60 million pounds approximately. The city would be the gateway to more investments in Egypt by the Saudi company in the coming three years. He added that Al Othaim contracted a major global company to receive topnotch equipment for the entertainment city. More»
Islam Salah - 2014-12-21 14:16:15
In October, around 663 new companies have been created in Egypt, totalling EGP 699.4 million in issued capitals, a recent report by the investment authority stated. This comes in comparison with 554 companies created in Egypt during September 2013. According to the Egyptian General Authority for Investment (GAFI)’s latest report, the Financial Services excluding Banks Sector allured highest number of investors during October. Sectors: Around 274 companies for financial services were established in October. The Industrial sector ranked second, with total number of companies founded in October amounting to 175. Coming third, the Construction and Building Materials sector witnessed the launch of 102 new companies during the month. Fourthly, around 41 new companies founded in October were in sector of Telecommunications and Information Technology. At the bottom of the list, the Tourism sector reported the inception of 29 new companies in September. More»
Enas Shaban & Sanaa Allam - 2014-12-21 10:04:00
Egypt has imported 60.000 tonnes of Turkish steel during the two months of November and December, Ahmed El-Zeiny - head of the Building Materials Division at the Cairo Chamber of Commerce, told Amwal Al Ghad. According to El-Zeiny, Egyptian traders have agreed to import around 60.000 tonnes of Turkish steel during November and December, at total cost of 291 million Egyptian pounds. In Egypt, the prices of Turkish steel have recently reached around 4850 pounds per tonne; while at factories, the average prices of steel range between 4800-4850 pounds per tonnes, the Egyptian official noted. More»
Amwal Al Ghad English - 2014-12-21 09:58:52
The New York Times declared today ,according to what security officials said Saturday, that Egypt received 10 Apache helicopters from the United States in the past week. It said that it is a sign that tensions between the longtime allies are easing as they confront Islamist extremism across the region. According to NY times, The Pentagon said in September that the United States would deliver the helicopters, built by Boeing, to support Egypt’s counterterrorism efforts. It added that Egypt is fighting an Islamist insurgency that has been targeting mostly security personnel and is based mainly in the lawless Sinai Peninsula bordering Israel and the Gaza Strip. It also pointed out that President Abdel Fattah el-Sisi has also expressed concern over militants who are thriving in the chaos of Libya since the downfall of Col. Muammar el-Qaddafi in 2011 and who are opposed to the Egyptian government. In another sign of improving relations between the countries, Robert Stephen Beecroft, the new American ambassador to Egypt, arrived in Cairo on Thursday after the previous ambassador left the post more than a year ago. More»
Sanaa Allam - 2014-12-20 14:06:36
The Ethiopian-Egyptian Business Council plans to host a delegation from Addis Ababa due to visit Egypt next March, said the council's head Ayman Essa. The delegation is set to encompass Ethiopian government officials and businessmen. Essa described the bilateral relations between Cairo and Addis Ababa as positive in the current phase.  He emphasized on the importance of the Egyptian President Abdel Fattah al-Sisi's planned visit to Ethiopia, saying it would work on reaching decisive solutions for the ongoing dispute over the Grand Ethiopian Renaissance Dam. "The Grand Ethiopian Renaissance Dam will not be an obstacle in bilateral relations as Ethiopia had asserted that in case of witnessing any harm to Egypt due to the dam, immediate changes will be implemented." Essa stated on the sidelines of council's ceremony for Ethiopian Public Diplomacy delegation headed by Abadula Gemeda. The President of the council called both parties to make use of the current alluring climate in opening up new markets in Egypt and Ethiopia. He affirmed that the council is currently studying current conditions to flourish the Egyptian industry in Ethiopia. Ethiopian Public Diplomacy delegation headed by Abadula Gemeda Dago – Speaker of the House of Peoples’ Representatives – ended its visit to Cairo Friday after several meetings with the Egyptian President and Minister of Foreign Affairs, Sameh Shokry. More»