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        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        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

Hisham Ibrahim, Amgad Ali - 2016-10-20 14:40:17
Around 64 investors got approvals to expand their industrial facilities with investments worth 2 billion Egyptian pounds (US$225 million) in September 2016, Egyptian Industry Minister announced. Minister Tarek Qabil said Thursday that 51 investors were granted expansionary licences in September 2015, with investments cost estimated at 3 billion pounds. According to the report released by state's Industrial Development Authority (IDA), 74 projects were given immediate, initial, and conditioned approvals in September 2016 -divided upon 5 industrial sectors- opposed to 127 approvals in September 2015, the minister clarified. Egypt's chemical industries sector got 39 immediate, initial, and conditioned approvals followed by engineering industries sector that was given 17 approvals and food industries with eight approvals. More»
Sanaa Allam - 2016-10-20 14:16:58
The total volume of Egyptian exports to UAE hiked by 149.1 percent during the first half of 2016. Egypt's total exports to UAE registered 10.3 billion Egyptian pounds (US$1.1 billion) in January-June 2016 opposed to 4.1 billion pounds at the same period of 2015. In its bulletin on state's foreign trade, Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) stated that Egypt's exports to UAE soared by 219.7 percent in June 2016 to 2 billion pounds versus 620 million pounds in August 2015. Egypt's exports of pearl and gemstones to the Emirati market recorded 6.2 billion pounds during the first six months of 2016 versus 267.9 million pounds a year earlier, soaring by 2219.6 percent and seizing 60 percent of Egyptian exports to UAE. The bulletin stated that Egypt's tobacco exports increased by 314.7 percent in January-June 2016 to 198.1 million pounds from 47.8 million pounds at the same period of 2015. More»
Sanaa Allam - 2016-10-20 13:02:00
The total volume of Egyptian chemicals exports to Africa is planned to be raised by 20 percent annually to be doubled within five coming years. Head of Egyptian Chemical Export Council (CEC), Khaled Abu El Makarem stated that the council has agreed with one of the Egyptian marketing firms to promote Egypt's exports of chemical products in Africa. The company is set to participate in organising a number of promotional campaigns to Africa, the official noted. Hereby the agreement, the firm is scheduled to send the first promotional mission within three months including 15-20 firms that represent different sectors of the council. The promotional mission is set to be preceded by mutual meetings to showcase available investment opportunities,  Abu El Makarem pointed out. More»
Hisham Ibrahim, Amgad Ali - 2016-10-20 12:22:39
Egyptian Industrial Development Authority (IDA) granted licences for 150 new projects with investment cost estimated at 2.2 billion Egyptian pounds (US$247.7million) in September 2016. State's Industry Minister Tarek Qabil stated Thursday that the new projects are set to be established inside and outside the industrial zones. In September 2015, the Egyptian authority gave licences for 189 projects whose investment cost worth 2.3 billion pounds, the minister clarified. According to IDA's report, the new projects include eight different industrial sectors; 48 approvals for food industries sector, 42 approvals for engineering industries, 29 approvals for chemical industries, 19 approvals for textiles sector, in addition to 12 approvals for four sectors. More»
Enas Shaaban, Sanaa Allam - 2016-10-20 11:02:08
Egypt's total production of steel reached 4.801 million tonnes during the first eight months of 2016 versus 4.750 million tonnes at the same period of 2015. Executive Director of Metallurgical Industries Chamber at Federation of Egyptian Industries (FEI), Mohammed Hanafi asserted that steel firms produce around 700,000 tonnes monthly . The official pointed out that the expectations about the raise in production volume depend on providing dollar for companies to import raw materials as the chamber has received a lot of complains about the shortage in dollar liquidity. More»
Amwal Al Ghad English - 2016-10-20 09:25:29
Egypt's dollar crisis is the reason behind Juhayna Food Industries SAE's decline in net profits, its chairman told Reuters on Thursday. Juhayna on Thursday reported a drop in net profit of about 34 percent, to 58.19 million Egyptian pounds ($6.55 million) from 88.23 million a year earlier. Chairman Safwan Thabet said the company had begun work on reducing the proportion of imported raw materials it uses to 50 percent from 60 percent over the next year. More»
Amwal Al Ghad English - 2016-10-20 09:19:47
Nestle has become the latest company to be hit by the global slowdown affecting food manufacturers after posting its weakest underlying sales growth in more than ten years. The Swiss food giant on Thursday cut its outlook for the year, saying it now expected its full-year sales to rise by 3.5 percent after posting an increase of 3.3 percent for the first nine months. It previously said it expected full-year organic sales to rise by around 4.2 percent. Its shares were indicated 1.7 percent lower in pre-market activity. Like other food manufacturers, the maker of KitKat chocolate bars and Nescafe soluble coffee has been struggling with price deflation for its products in Europe amid fierce competition among supermarkets and weak commodity prices. Tough conditions have also persisted in key markets like China and Brazil. Rivals like Unilever have increased prices to compensate for currency weaknesses in some markets like Britain. Nestle said it continued to prioritise volume increases in what it described as a soft environment, but saw some improvement in pricing. "In an environment marked by deflation and low raw material prices, we continued to privilege volume growth," Chief Executive Paul Bulcke said in a statement. "Pricing remained soft but increasing." Nestle's 9-month sales rose to 65.51 billion Swiss francs ($66.19 billion) from 64.86 billion Swiss francs a year earlier, Vevey-based Nestle said. The figure lagged the average analyst estimate of 66.00 billion francs in a Reuters poll. Analysts polled by Reuters had on average expected organic growth -- which strips out the impact of acquisitions and currency swings -- of 3.7 percent. "Europe looks like it was under pressure during the quarter while China weakness is weighing on Asia despite the recovery in India," said analyst Jon Cox at Kepler Cheuvreux. "The cut in guidance is disappointing although all of the staples companies looked like they have had a tough quarter - they need to find relevance with consumers," he added. Unilever said its underlying sales increased 4.2 percent for the first nine months of 2016, supported by a 2.7 percent rise in pricing, when it published third-quarter results last week, while French rival Danone this week posted a 2.1 increase in sales during its third quarter. More»
Amwal Al Ghad English - 2016-10-20 09:05:06
The UK-based subsea engineering, construction and services company Subsea 7 announced Thursday it has been awarded a “substantial” contract by the Pharaonic Petroleum Company offshore Egypt. Under the agreement, the global contractor will provide services at water depths of 900 metres (2,952 feet) in the Atoll field. “We are delighted to strengthen our presence in Egypt. This substantial contract award recognises our technical expertise and track record of strong execution for Pharaonic Petroleum Company,” Subsea 7’s Region Vice President for Africa, Gilles Lafaye, said. More»
Amwal Al Ghad English - 2016-10-20 08:15:09
Minister of Electricity Mohamed Shaker submitted a detailed report to President Abdel Fattah Al-Sisi on the most recent financial and legal negotiations with the Russian company Rosatom about the Dabaa nuclear power plant. Official sources said that the Russian company will complete reviewing the site’s data in the next month as a prelude to signing the commercial contract of establishing the nuclear power plant in December. Shaker announced during his meeting with Al-Sisi on Monday that the contract of the Dabaa plant will be signed before the end of this year. The sources added that all the financial and legal items, which were subject to discussions throughout the past two months, have finally been agreed on with Russia, and that a final draft for some suspended items in the contracts has been concluded. More»
Hisham Ibrahim, Sanaa Allam - 2016-10-19 14:42:59
The trade exchange between Egypt and Kenya reached US$513 million in 2015, Egyptian Trade Minister Tarek Qabil stated Wednesday. He added that the Egyptian exports to Kenya were estimated at US$239 million. He said that this volume is poor compared to the deep joint relations between two states. The minister made these remarks during the discussion session held between the Egyptian mission that takes part in the 19th Summit of the COMESA Heads of State And Government and Kenyan Deputy President William Ruto. The meeting was held in the attendance of Kenyan Cabinet Secretary for Foreign Affairs, Amina Mohamed. The Egyptian delegation is headed by Ibrahim Mahlab -the Presidential Assistant for National and Strategic Projects. More»