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        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        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        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        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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 - 2015-01-31 15:46:22
Egypt-Rwanda Business Council urges the necessity of establishing a navigational line linking between Egypt and East Africa countries. One of the most challenging obstacles in the Egyptian-African relations is the high cost of transportation, said the Egypt-Rwanda Business Council’s chairman Emad El Prince. This in return requires reaching a strategy to unify the transportation process in African markets, he added. The Egyptian official further elaborated that the intra-African transportation process is highly expensive and complicated, which arouses the need of making the best usage of the existing transportation network in the continent. There are 4 routes to Nepad states that needed to be connected to Egypt to guarantee the trade flow between it and the majority of the African countries, El Prince noted. The New Partnership for Africa's Development (NEPAD) is an economic development program of the African Union. NEPAD was adopted at the 37th session of the Assembly of Heads of State and Government in July 2001 in Lusaka, Zambia. NEPAD aims to provide an overarching vision and policy framework for accelerating economic co-operation and integration among African countries. Hence, El Prince stressed the necessity of reconsidering the navigation line- that connects Egypt to East Africa states - as the best solution for the difficulties African markets face such as; imposing higher freight rates by foreign countries.
Mostafa Adel - 2015-01-31 14:35:26
Egypt will start launch of 19 logistics developer centres to ease customs clearance procedures, minister of finance announced on Saturday.  This move comes within the Egyptian finance ministry's plans to control custom borders and fight against smuggling. According to Egyptian Minister of Finance Hani Demian, the planned logistic centers would be constructed in two phases. The first phase will include 8 centers in ports of Cairo, Port Said, Al Sukhna, Alexandria, Damietta, Al- Dekhela, Adabiya, and customs pre-clearance. The second phase would encompass 11 centers in ports of Eastern Company S.A.E., Aswan, Ismailia, Port Fuad, Nuweiba, Safaga, Sallum, Arish, Alexandria Airport, Amreya, and Al-Awja. More»
Amwal Al Ghad English - 2015-01-31 08:40:12
Egypt has invited Cypriot businesses to bid for some of the 6 billion euros in large construction projects currently underway, Communications, Works and Transport Minister Marios Demetriades and his Egyptian counterpart Hany Dahy said on Thursday as reported by Cyprus News Agency. The two men headed a meeting of delegations from the two countries in the context of Dahy's visit in Nicosia and discussed ways of cooperation, including the possibility of a ferry connection, cooperation on cruises, the employment of Egyptian personnel in ships under Cypriot management and the use of Cyprus as a link between Egypt and the EU. Dahy said there were a number of ongoing projects in Egypt that Cypriot businesses had been invited to bid for. "We have discussed the current transportation projects and presented them to our friends in Cyprus," he said. The two men discussed ways of cooperating by making use of Cyprus' and Egypt's geographic locations especially with regard to ports, and the current expansion of the Suez Canal. They also spoke of the possibility for the employment of Egyptian maritime graduates and of establishing a branch of the Arab Academy of Science Technology and Maritime Education in Cyprus. Another item on the agenda according to Demetriades was "the possibility of doing together some EU projects and getting funding from the EU". Demetriades said Cypriot businesses had been invited to bid for huge projects such as the Suez Canal, and motorways of 3,200 km-long. More»
Amwal Al Ghad English - 2015-01-31 08:39:52
Several vessels with wheat for the state buyer of Egypt, the world's largest wheat importer, are stuck in Russia's Black Sea ports ahead of the launch of an export tax in Moscow on Feb. 1, trade sources said. If vessels are not able to get their final loading documents by Feb. 1, trading companies will have to pay the tax, one of the sources said. More»
Amwal Al Ghad English - 2015-01-31 08:30:47
Qatar Airways has emerged as the owner of a 10% stake in International Airlines Group (IAG), the owner of British Airways (BA) and Iberia. The Gulf airline is already a member of the Oneworld alliance. Willie Walsh, IAG's chief executive, said he was delighted Qatar had become a "long-term supportive shareholder". More»
Amwal Al Ghad English - 2015-01-31 08:24:59
Egyptian Investment Minister Ashraf Salman met on Thursday 29/01/2015 with Germany's Ambassador to Egypt Hansjörg Habar on boosting bilateral relations and trade ties. The meeting focused on the ongoing preparations for the international economic conference, to be held in Egypt in March, and the government's plans to rearrange the economic structure and improve the business environment. The Minister said that the conference would focus on restoring investors' confidence in the Egyptian market and promote for Egypt as a global business hub. For his part, Habar asserted that he is keen on partaking in Egypt's economic conference for developing the Egyptian economy and following up the recent procedures taken by the Egyptian government for improving the investment climate. More»
Amwal Al Ghad English - 2015-01-29 09:55:24
Boeing Co (BA.N) reported a 23 percent increase in core fourth-quarter profit on Wednesday, topping analysts' estimates and sending its shares up 4.3 percent. Boeing forecast a rise in cash flow to $6.2 billion in 2015, at the top end of expectations, from $4.3 billion at the end of the year. Boeing's results showed strong year-end performances across its businesses. But analysts saw more strength in defense, where profit margins widened. In contrast, commercial airplane margins narrowed as Boeing delivered more 787 Dreamliners, which remain costly to produce. Despite the concerns, Boeing's "solid 2015 cash flow guidance suggests confidence on lower 787 unit costs," JPMorgan analyst Joseph Nadol said in a note to clients. The cash forecast for 2015 was "a very robust number," and gives Boeing flexibility to return money to shareholders, said Peter Arment, an analyst at Sterne Agee. For 2015, the world's biggest plane maker forecast core earnings, excluding pension and other costs, of between $8.20 and $8.40 a share, below the average analyst estimate of $8.64. Analysts expected a weaker profit outlook because of tax items that boosted 2014 results. Net profit rose to $1.47 billion, or $2.02 per share, in the quarter from $1.23 billion, or $1.61 per share, a year earlier. Core earnings increased to $2.31 per share from $1.88. The latest result beat the $2.11 average that analysts expected, according to Thomson Reuters I/B/E/S. Boeing's deferred production cost balance for the Dreamliner program rose to $26.1 billion at year end from $25.2 billion in the third quarter. The figure represents the costs of making 787s, averaged over the first 1,300 aircraft that are deferred from its income statement. The rise was greater than some analysts expected, but in line with past increases. However, it suggested Boeing may struggle to cap the total balance at $27 billion as it had targeted, Nadol said. The company added $12 billion worth of orders to its total production backlog in the quarter, pushing the backlog to $502 billion from $490 billion at the end of the third quarter. As announced earlier, jetliner deliveries rose to 723 in 2014 from 648 in the previous year, topping those by rival Airbus Group (AIR.PA). For 2015, Boeing said it will deliver 750 to 755 jetliners. Boeing shares jumped $5.75 to $138.25. More»
Amwal Al Ghad English - 2015-01-28 17:37:59
Egyptian business tycoon Naguib Sawiris’ contribution to Cypriot Ayia Napa development is expected to help bring the project to fruition, Cyprus’s tourism minister Yiorgos Lakkotrypis said. The Government of Cyprus has revealed on Monday that a new strategic shareholder, represented in the Egyptian business tycoon, has joined the ambitious marina project located in Ayia Napa, along the southeastern coast of the island. Lakkotrypis further told local media sources following a formal meeting with President Nicos Anastasiades, that M.M. Makronisos Marina Ltd., the consortium responsible for the development of the marina, has concluded an agreement with Sawiris, providing for construction to begin during 2015. The marina is preliminarily projected to be completed by 2018. The Ayia Napa marina is currently one of the largest investment projects in Cyprus. Expected to require an overall investment of some €220 million, the marina is estimated to create a total of 800 jobs during construction, and an additional 200 when the project becomes operational, Cyprus-based Gold News reported. “We are looking at the development that happened in Mykonos,” Sawiris said of the inspiration behind the luxury marina project. “Even Mykonos does not have marina facilities of the high quality we are seeking to create here.” “The faster it kicks into the economy, the more success it will have,” he added. Sawiris cited both the island’s tourist potential and Cyprus’ proximity to Cairo as reasons for investing in the marina.  “The people are nice, the weather is nice and the country is beautiful, so it has all the ingredients for a successful tourist project,” he said. “Our intention with this project is to bring Ayia Napa back onto the tourist map, as the marina will provide a place for yachts to dock,” he concluded.According to Sawiris, the marina project will include a variety of residential and hospitality facilities, including apartments, villas as well as a luxury hotel. More»
Sanaa Allam - 2015-01-28 12:27:21
The Federation of Egyptian Industries (FEI) will hold a press conference today to announce its suggestions planned to submit during Egypt’s upcoming Economic Summit in March. The conference will also discuss the latest developments of the unified investment law and its role in attracting the foreign investments into Egypt. In addition, FEI will tackle the law of local product preference, the Egyptian industrial sector’s needs, and obstacles standing against the Egyptian industry. Last Monday, Egyptian President Abdel Fattah al-Sisi issued a new law on the preference of Egyptian products in governmental tenders and auctions, stipulating that the constituent of the local form should not be less than 40%. More»
Amwal Al Ghad English - 2015-01-28 10:39:50
Egypt and Canada signed today a memorandum of understanding to boost means of cooperation in food supply, storage, and distribution. The MoU has been signed by Egyptian Ministry of Supply Khaled Hanafy and Canadian Minister of Foreign Affairs John Baird. As pursuant to the memorandum, Canada would cooperate in boosting food commodities’ supply, storage, and distribution in Egypt, minister Hanafy stated. The Egyptian minister noted that the memorandum seeks to attract more international investments in order to establish new modern logistics storage centres for food commodities as well as silos and advanced distribution networks in Egypt. Moreover, the minister said the memorandum comes within the framework of supporting Egypt’s plans to launch projects on Suez Canal Corridor‎ (SCC) such as ports and modern storage centers as well as to establish the global logistics centre in Damietta for the handling and storage of grain and food commodities. It also includes in Egypt’s plans to flourish the joint trade ties between Egypt, the Middle East, Africa and Europe. The memorandum will enhance the bilateral trade relationships between Egypt and Canada in terms of exchanging expertise in order to achieve Egypt’s plan to have a commodity exchange. It will also remove trade obstacles witnessed by the two countries in field of food products, aiming to encourage the private and public sectors in both countries to invest in Egypt. In addition, the MoU would work on developing the informal markets so as to offer the products in large quantities, at high qualities, and low prices to meet the citizens’ needs and provide thousands of job opportunities. More»