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 - 2016-10-01 08:16:23
Russia on Friday resumes imports of fruits and vegetables, except for potatoes, from Egypt, following the agricultural safety watchdog Rosselkhoznadzor's decision to lift the ban. On September 22, Russia introduced temporary restrictions on the import of Egyptian agricultural produce over the systematic violations of phytosanitary requirements by the Egyptian side. On Monday, Russia's watchdog decided to lift the ban following the talks with Egyptian representatives. "The sides agreed to resume the deliveries of agricultural produce from Egypt to Russia, except potatoes, on condition that the Egyptian side will meet all Russian demands on sanitary safety of supplied produce," Rosselkhoznadzor spokeswoman Yulia Melano said after the negotiations. Fruit and vegetables sold at Anapa's city market Russia Lifts Ban on Imports of Egyptian Fruits, Vegetables She added that the decision on potato imports would be made after a visit of Russian experts to Egypt in October or November. Earlier in the year, Moscow and Cairo had disputes over grain deliveries. In August, Egypt introduced a new zero-tolerance policy on the common grains fungus ergot which effectively ended grain imports to the country. A number of grain shipments already set for departure to Egypt were rejected, including from Russia, Egypt's top grain supplier. On September 21, Cairo lifted restrictions on grain imports. More»
Sanaa Allam - 2016-09-29 14:54:14
The number of Moroccan companies operating in Egypt has reached 152, with investments totalling $80 million, Mohammed Bin Ayad, General Secretary of the Moroccan Ministry of Trade and Industry, said Wednesday. During the Moroccan delegation’s visit for the Federation of Egyptian Industries on Wednesday, Ayad said that Egypt’s investments in Morocco currently amount to $30 million. He further said that there are several opportunities to double and increase investments between Egypt and Morocco. Hitting $400mn of the trade exchange between Egypt and Morocco, according to trade dates back to 2015, which is not suitable for abilities and relations between the two countries. In 2015, trade exchange between Egypt and Morocco stood at $400 million. More»
Amwal Al Ghad English - 2016-09-29 14:17:32
Italian oil major Eni has agreed a common strategy with Egyptian government to build renewable energy projects in the country, the company announced Thursday. The first project will be a solar plant in Sinai with a maximum output of 50 megawatts. Construction is expected to be sanctioned next week and completed by the end of 2017. The project is part of Eni's push into green energy, with the aim of bringing 420 megawatts of mostly solar power generation online by 2022. Eni, the owner of the massive Zohr gas field expected to start production next year, currently produces about 210,000 barrels of oil equivalent per day in Egypt. More»
Islam Salah - 2016-09-29 13:21:16
Egyptian investments in Africa have reached $7 billion, Mohamed Khodair, chairman of the General Egyptian Authority for Investments (GAFI), said on Wednesday. GAFI seeks to boost these investments by coordinating with the private sector firms in Egypt and Africa, Khodair said during a forum organised by Preferential Trade Area Bank (PTA), the financial arm of the Common Market for Eastern and Southern Africa (COMESA). The forum has discussed funding and investment opportunities in developmental projects in COMESA countries and PTA member states. Egypt’s Ministry of Investment considers the private sector as a partner of success in Egypt and Africa and an essential factor for development, Khodair added. GAFI encourages more partnerships between Egyptian and African investors, he stated. More»
Amwal Al Ghad English - 2016-09-29 08:26:32
State-run Egyptian General Petroleum Corp (EGPC) is seeking 177,000 tonnes of gasoil for delivery into Suez, Alexandria, and El Dekheila in October, two tender documents showed Thursday. The company is seeking three cargoes of 35,000 to 37,000 tonnes each of 0.1 percent sulphur gasoil for delivery into Suez over Oct. 4 to 6, Oct. 11 to 13 and Oct. 15 to 17. The tender closes on Sept. 30, with same-day validity. It is also seeking two cargoes of 30,000 to 33,000 tonnes each of 0.1 percent sulphur gasoil for delivery into Alexandria or El Dekheila over Oct. 1 to 3 and Oct. 6 to 8. More»
Amwal Al Ghad English - 2016-09-29 08:00:53
At the U.S.-Africa Business Forum last week, Caterpillar Inc. (CAT) Chairman and CEO Doug Oberhelman and Egyptian President Abdel Fattah al-Sisi discussed the future of Egyptian rail, infrastructure and power generation. The company affirmed commitment to Egypt's Infrastructure Development. "Meeting with President Sisi offered an impressive vision for the future of Egypt," said Oberhelman. "Infrastructure development is one of his top priorities, and we are uniquely positioned to advance these efforts as Caterpillar has been involved in some of the largest infrastructure projects in Egypt's history. Egypt is on the move and Caterpillar is committed to being a central part of the exciting developments on the horizon." The company noted that its products helped expand the Suez Canal, while Caterpillar power generation products provided standby power for this massive infrastructure project. The company is also powering the construction of Egypt's massive Tunnels Projects. Cat machines can also be seen building thousands of kilometers of new roads as part of Egypt's National Roads project and actively participating in the construction of the New Capital City outside Cairo. During last week's U.S.-Africa Business Forum, Caterpillar and its dealers announced their plan to make a major investment in Africa. As part of that, Caterpillar's Egyptian dealer Mantrac intends to build a branch that will support the construction of Egypt's new administrative and business capital on the outskirts of Cairo. More»
Enas Shaaban & Sanaa Allam - 2016-09-28 16:18:11
Egypt has become a member of the world’s road transport organization, International Road Transport Union (IRU), Ahmed El-Wakeel, head of Federation of Egyptian Chambers of Commerce, announced Wednesday. IRU members are primarily national associations for passenger or goods transport. They include associations of truck, bus, coach, and taxi operators, associations for a specific category of road transport, chambers of commerce and automobile clubs. IRU also has associate members who are national and international not-for profit associations and companies. One of IRU’s core activities is to facilitate trade and help countries and people prosper by opening up and maintaining international trade routes, notably through TIR. TIR is international transit system based on a UN Convention implemented at global level in public-private partnership to facilitate and secure trade by allowing customs-sealed vehicles and freight containers to transit countries without border checks. Becoming a member of IRU, an international guarantee scheme that will enable Egypt to become a global logistics centre, El-Wakeel said. Egypt has already signed the TIR convention, which will come into effect after the parliament approves it, he added. More»
Sanaa Allam - 2016-09-28 15:26:33
Egypt’s exports of ready-made garments fell 13.2 percent to $707 million throughout the first seven months of 2016, compared to $815 million in the same period last year. Exports during July tumbled 9 percent to $100.5 million from $110 million in the same month in 2015, according to the latest statistics on exports of ready-made clothes. In May, the ready-made garment sector registered the biggest fall, in which exports reached $98 million, compared to $122 million during May 2015. More»
Sanaa Allam - 2016-09-28 11:36:24
Egypt’s building materials exports have reached 30 billion Egyptian pounds ($3.4 billion) per year for more than 100 countries, said head of the Egyptian Export Council for Building Materials Tuesday. Walid Gamal Eldin, Chairman of the Egyptian Export Council for Building Materials, added that that the council is planning to double its activity by expanding the country’s building materials exports into some major markets worldwide. Speaking at a conference on Tuesday, Gamal Eldin referred to the importance of BAU Exhibition, which will take place in Munich on 16-21 January 2017, as effective gateway to promote the Egyptian building materials in order to penetrate major markets. In its 2016 edition, the exhibition has contributed to provide Egyptian building materials an access to German market, Gamal said. The Egyptian chairman has added that the exhibition has an important position globally and receives more than 250,000 visitors and 2000 participant companies all over the world. The council seeks by taking part in the 2017 edition, to help the country’s exports enter new major markets. The BAU Exhibition takes place every biennium in Munich with more than 250,000 visitors and 2000 participant companies all over the world which makes it the most iconic event in the architectural sector. More»
Amwal Al Ghad English - 2016-09-28 10:08:04
Germany's Deutsche Post DHL Group announced Wednesday that it has agreed to acquire UK Mail Group for 242.7 million pounds ($315.5 million) to strengthen its position in the U.K. parcel market. Under the terms of the offer, shareholders would receive 440 pence in cash for each UK Mail share. Deutsche Post, Europe's leading parcel-delivery company, said the offer represents a premium of around 43% to UK Mail's closing price of 307.5 pence on Sept. 27. UK Mail's directors consider the terms of the offer to be "fair and reasonable," and intend to recommend unanimously that shareholders vote in favor, Deutsche Post said. "With this acquisition, we will further extend our network and have a strong foothold in Europe's three largest e-commerce markets, the U.K., Germany and France, which account for over 60% of online retail in the continent," said Juergen Gerdes, board member at Deutsche Post. Deutsche Post said the acquisition would deliver "significant synergy benefits." "The board believes that UK Mail will benefit significantly from becoming part of Deutsche Post DHL, and will be better positioned to continue to develop our parcels and mail businesses with the benefit of Deutsche Post DHL's greater financial and operational resources," said Peter Kane, Chairman of UK Mail. UK Mail is one of the largest integrated mail and parcel operators within the U.K., offering parcel and mail delivery solutions worldwide. It has a national network of more than 50 sites and 2,400 vehicles. More»