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

Sanaa Allam - 2014-11-01 12:50:51
The Ethiopian-Egyptian Business Forum is set to start tomorrow, Sunday in Addis Ababa. Around 50 Egyptian major companies will take part in the forum, aiming to bolster economic and trade ties with Ethiopia. In this respect, Egyptian Minister of Trade and Industry Mounir Fakhry Abdel Nour stressed the importance of such a forum in reviewing common political and economic files alongside increasing joint investments and industrial cooperation. The forum is also set to highlight investment opportunities in Egyptian market in the coming period, he noted. The Egyptian minister further referred that his country is willing to give its full technical support for the Ethiopian government to help the latter’s in becoming World Trade Organisation (WTO)’s state member. He also said the Egyptian Ministry of Trade and Industry recently received a proposal from the Arab Union for Industrial Exports Development so as to hold a trade conference next January in Addis Ababa for a period ranging between 3-7 days. The proposed conference would be for inviting all the Arab and Egyptian companies to get to know the investment opportunities in Ethiopian market. In earlier statement to Amwal Al Ghad, Ayman Eissa – President of the Ethiopian-Egyptian Business Council (EEBC) – said the Forum would be held on the sidelines of the upcoming Ministerial Meetings of the Fourth Session of Joint Committee presided by the foreign ministers of the two countries. The Ministerial Meetings will be on November 3 and 4, aiming to boost bilateral cooperation between the two countries in various sectors, he added. It was agreed with the Ethiopian party to present during the forum, the available investment opportunities in Ethiopia, notably in areas of building and construction, engineering industries, food industries, leather and consulting services, Eissa noted. More»
Amwal Al Ghad English - 2014-10-30 14:40:12
The governments of Egypt, Greece and Cyprus urged Turkey on Wednesday to stop trying to chart gas deposits in areas of the east Mediterranean claimed by Cyprus, saying the work was illegal. Cyprus, a member of the European Union, is anxious to develop the gas reserves in its so-called exclusive economic zone -- an offshore region lying south of the island. Turkey does not recognise Cyprus, ethnically split between its Greek and Turkish Cypriot populations, and the government in Nicosia has accused it of dispatching a research vessel to collect seismic data in the disputed area. The foreign ministers of Egypt, Greece and Cyprus met in Nicosia on Wednesday to prepare for a summit between the three nations next month, and condemned Turkey's actions. "The ministers deplored the recent illegal actions perpetrated within Cyprus's EEZ, as well as the unauthorised seismic operations being conducted therein," they said in a statement. Cyprus discovered an estimated 5 trillion cubic feet (tcf) of gas in one offshore field in late 2011 and has licensed U.S. energy firm Noble, Italy's ENI and France's Total to search for gas. "We are hopeful all activity in the eastern Mediterranean will conform with international regulations ... understandings which are based on good neighbourly relations," Egyptian Foreign Minister Sameh Shukri told reporters, flanked by his Cypriot and Greek counterparts. The gas row has already triggered a suspension of peace talks between Greek and Turkish Cypriots on the island partitioned by a 1974 Turkish invasion that followed a brief coup engineered by the military junta then ruling Greece. Egypt, which lies south of Cyprus, has penned a deal with the Nicosia government recognising sea boundaries between the two countries for the purpose of commercial exploitation. Cyprus has also signed a similar deal with Israel. Egypt is facing its worst energy crisis in decades, with declining gas production and high consumption that has turned the country from an energy exporter to a net importer in the past three years. Last week BG Egypt, a subsidiary of global energy company BG, said it had held talks with Cypriot officials on the potential of Cyprus supplying Egypt with gas. Cyprus has become particularly keen to develop offshore gas reserves as a potential source of revenue since it was compelled to seek an international financial bailout in early 2013. More»
Hesham Ibrahim - 2014-10-30 13:25:49
The total value of taxes and customs which will be paid by General Motors (GM) Egypt Company up EGP1 billion within 2014, Tarek Atta Managing Director expected. GM paid around EGP780 million within the last fiscal year 2013, noting that the company is planning to continue pumping new investments in the Egyptian market by the coming period, Atta noted. This comes during the inspection tour which conducted by the Egyptian Minister of Industry and Trade Mounir Fakhry Abdel Nour to the company's production lines for the Sixth of October City, in the presence of Mario Spangenberg President and Managing Director General Motors Africa. Moreover, GM supports 'Made in Egypt' logo as the ration of domestic component for commercial transport vehicles reached more than 60%, noting that the company's new investments focus on The development of mechanisms manufacturing. More»
Ahmed Fayez - 2014-10-30 13:12:10
Nissan Motor Co. is planning to pump US$60 million in Egypt’s market in the coming phase. Egyptian Prime Minister Ibrahim Mahlab met Thursday with Takashi Hata - Senior Vice President in charge of Nissan’s Africa, Middle East and India region and Kazutaka Nambu - Managing Director and CEO of Nissan Egypt. During the meeting the officials from the multinational automobile manufacturer have outlined the development of Nissan’s activities in Egypt, which has been started in 2005. They referred that the company’s volume of investments in Egyptian market currently stands at around US$110 million. Nissan has future plans to increase its investments in Egypt to reach US$170 million, Takashi Hata and Kazutaka Nambu noted. The Egyptian prime minister has called Nissan officials to take part in the country’s upcoming Economic Forum Summit, which will take place in Sharm El-Sheikh on February 21-22, aiming to attract international community to invest in the country. Moreover, Nissan is also studying to expand in the local component in the vehicles assembled in Egypt, the two officials added. Nissan is the second-biggest car manufacturer in Egypt, produced last year 100.000 cars from its plant located in the 6th of October city. Through its plant, Nissan contributes to the Egyptian economy by directly recruiting 1300 employees, and   3000 others indirectly in the suppliers and dealers side. More»
Mahmoud Shaaban - 2014-10-30 12:15:40
Khalda Petroleum Company (KPC) is planning to boost its production rates to 940 million cubic feet of natural gas by end of 2014, said the head of the company Mohamed Abdel Azim. This comes in comparison with the company’s production rates of 900 million cubic feet during last January. Khalda is a joint venture between the Egyptian General Petroleum Corporation (EGPC) and the U.S. Apache Corporation. Speaking to Amwal Al Ghad on Thursday, Abdel Azim revealed that Khalda Petroleum’s strategy for fiscal year 2014/2015 includes the drilling of 34 new exploration wells to increase production rates of crude oil and natural gas. Moreover, Khalda is planning to obtain new franchises in the Western Desert through its foreign partner Apache Corporation, the official noted. More»
Yomna Yasser - 2014-10-30 09:58:07
Coca-Cola Co. has placed a $500 million bet that it can re-energize sales of its soda brands in Southeast Asia, which have faced stronger competition from rivals based in countries including Japan and Peru. The Atlanta-based beverages giant agreed to buy a 29.4% stake in the Indonesian business of Coca-Cola Amatil Ltd., which plans to use the funds on new factories, warehouses and fridges that house its products in gas stations and convenience stores. Coca-Cola Amatil--itself 29%-owned by Coke and operating as its Australian distributor--recently reported that earnings in its Indonesia and Papua New Guinea division fell more than 80% year-over-year in the six months through June. The push to right the business in Indonesia comes as Coke battles slumping sales elsewhere. Coke's profit fell 14% in its third quarter, with the company blaming weak consumer spending and macroeconomic volatility across much of the world. It has also faced consumer campaigns that tie obesity to soda consumption. "This investment will allow us to capture the growth opportunity in one of the largest and most dynamic countries in the world as we enable our system to be even more responsive to consumer and customer needs," Coca-Cola International President Ahmet Bozer said in a statement. Coca-Cola Amatil is Coke's sole distributor in Indonesia, the world's fourth most populous country, where it has profited from the rise in income growth in recent years. But lately rising fuel bills and higher employee salaries have pressured the business, while a sharp devaluation in the rupiah against the Australian dollar has squeezed profits further. The vast market has also drawn rivals such as Peru's Aje Group, known for its Big Cola product, and Japan's Asahi Breweries Ltd, which makes fizzy and tea-based drinks. Price cuts and marketing costs linked to the intensifying competition have hurt Coca-Cola Amatil's earnings. The company reported in August that its first-half net profit fell 16% as its Australian soft-drinks unit also remained locked in a retail price war, and subdued consumer spending meant promotions didn't bolster sales as hoped. Some analysts have questioned whether it was worth keeping the Indonesian division. On Thursday, Coca-Cola Amatil Managing Director Alison Watkins said the company considered all options with regard to Indonesia but strongly believed it would be wrong to exit the business at this time given the investment it has made in the business over the past 22 years. "We've got a real strong position in Indonesia and the growth that lies ahead for decades is really exciting for us," Ms. Watkins told journalists. Coke's investment will help the company to offer more products tailored to the Indonesian market, such as water and juice products, while being more competitive on price, she said. The announcement was made alongside the outcome of Coca-Cola Amatil's strategic review. The company has been cutting costs, including factory closures, and attempting to boost productivity across its food and drinks operations to shore up profits. Ms. Watkins said the Indonesian business would likely be "modestly profitable" this year, and management are targeting returns above the cost of capital by 2020. Overall, Coca-Cola Amatil expects its earnings per share to return to mid-single-digit growth over the next few years, with no further decline expected after 2014. More»
Amwal Al Ghad English - 2014-10-30 09:45:14
DreamWorks Animation SKG Inc. DWA, -1.94% late Wednesday said its third-quarter earnings rose to $11.9 million, or 14 cents a share, from $10.1 million, or 12 cents a share, a year ago. Revenue increased to $180.9 million versus $154.5 million. The studio credited "How to Train Your Dragon 2" for robust results. DreamWorks forecast fourth-quarter earnings to be driven by its feature film segment, aided by the release of "Penguins of Madagascar." Shares of DreamWorks jumped 5.2% in extended trading. More»
Mahmoud Shaaban - 2014-10-29 15:27:16
Egypt’s state-owned Ganoub El-Wadi Petroleum Holding Co. (Ganope) is planning to reach daily production rates of 35.000 barrels of crude oil within 2015,  said the company’s head Abu Bakr Ibrahim. Ganope produces 33.000 barrels of crude oil per day. Speaking to Amwal Al Ghad on Wednesday, the Egyptian official referred that exploration process would start early 2015 in 6 new oil wells belonged to British Dana Petroleum, UAE’s Dragon Oil and Vigo Petroleum. More»
Amwal Al Ghad English - 2014-10-29 14:40:16
Egypt has no plans to revoke the free trade agreement signed with Turkey, Egyptian Minister of Trade and Industry Mounir Fakhry Abdel Nour said. He further asserted that Egypt respects all agreements inked with other countries, state-owned news agency MENA reported. Speaking in a press conference on Tuesday, the minister said the navigation agreement signed between the two countries expired on September 24 and Egypt informed Turkey of declining to renew it. The government signed an agreement with Turkey in March 2012 to use Egyptian ports for transporting Turkish products after Syria closed its crossing to all Turkish exports. These products are transported again to Saudi ports and then to other gulf countries. The "RouRou" navigation line is between Turkey's Eskendrona port and Egypt's Damietta port on the Mediterranean Sea. More»
Islam Salah & Enas Shaaban - 2014-10-29 11:31:33
Egypt’s snack food provider, Edita Food Industries plans to double its sales to 4 billion Egyptian pounds in the coming 3 years, CEO Hani Berzi said. In a recent interview with Amwal Al Ghad, Berzi said his company’s strategy to increase its sales would be through adding more improvements on its products in addition to pumping new investments within upcoming period. Edita is also planning to reach more markets to boost its total sales within the coming year, the official noted. By end of 2014, Edita targets sales amounting to two billion Egyptian pounds, he added. Edita has four factories, namely in Kom Abu Radi (Beni Suef governorate), 10th of Ramadan City, the Third Industrial Zone, and Polaris Zone - which both locate in the 6th October City. Edita is the largest independent snack food business in North Africa, part-owned by buyout firm Actis LLP. Edita was established in 1996, and now is one of the leading FMCG companies in Egypt and the Middle East. The company is well known for its consistently high quality products and strong brands like Molto, TODO, Bake Rolz, Bake Stix, Mimix as well as the Hostess cakes range. Edita acts also as the sole regional distributor of several brands of imported sweeteners, olive oils, & pasta. More»