amwalalghad :: Industry & Trade

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        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        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        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 - 2016-02-14 08:55:53
The Egyptian Natural Gas Holding Company (EGAS) has reduced the quantity of gas imports due to decline in domestic demand. The volume of Egypt's imported gas has fallen to an average of around 650mn cubic feet per day compared with 700mn cubic feet per day in January, Daily News Egypt reported Saturday. The two floating terminals that Egypt employs have capacity of 1.2bn cubic feet per day. Gas consumption in power plants declined to about 2.7bn cubic feet per day compared with 2.8bn cubic feet in January. EGAS will import 80 LNG shipments worth from $2.5bn to $3bn in 2016. More»
Amwal Al Ghad English - 2016-02-13 09:15:26
German industrial giant Siemens AG posted a 42% surge in net profit for the first quarter of fiscal year 2016 and raised its guidance for the full fiscal year. Net profit for the three months ended Dec. 31 totaled EUR1.53 billion ($1.65 billion), compared with EUR1.1 billion during the corresponding period a year earlier. Favorable currency effects helped to boost profitability, particularly in the health care division, the company said Monday. The latest results beat analysts' expectations. Analysts had forecast a first-quarter net profit of EUR1.08 billion, according to a recent poll conducted by The Wall Street Journal. The company said it now expects basic earnings per share in a range of EUR6 to EUR6.40, up from previous guidance of EUR5.90 to EUR6.20. "All divisions are in the black and have contributed to this strong kickoff," Chief Executive Joe Kaeser said Tuesday. First-quarter revenue rose 8% to EUR18.89 billion. New orders increased 27% to EUR22.8 billion, boosted by an EUR8 billion power-generation contract in Egypt. Profit was driven in part by the health-care division, whose profit margin rose to 16.5%, compared with 14.5% a year earlier, boosted by strong earnings at the diagnostic-imaging unit. Siemens last year made the health-care business a separate legal entity, a move that many analysts say signals an eventual spinoff or sale of the business. Analysts largely welcomed the results. "The strong order momentum should provide some revenue visibility for 2017," analysts at J.P. Morgan wrote in a note. "Our concern remains that other companies are far more aggressive on additional cost cuts that could support their relative earnings growth in 2017." The company released quarterly figures Monday evening, a day earlier than planned. At the same time, it announced plans to acquire U.S.-based simulation software supplier CD-adapco in a stock-purchase agreement valued at $970 million. CD-adapco will be integrated into Siemens's profitable Digital Factory division, which produces industrial software and factory-automation gear. Kaeser said Tuesday that the deal was part of Siemens's strategy to expand its electrification, automation and digitalization capabilities. "CD-adapco further reinforces our leading role in industrial digitalization," Kaeser said, referencing the German "Industrie 4.0" initiative, which seeks to match the Internet of Things with heavy industry. Still, the Digital Factory unit has come under pressure in recent quarters because of its strong exposure to the slowing Chinese economy. Digital Factory's first-quarter profit margin fell to 16.9% from 18.8% a year earlier, partly because of "industrial deceleration" in China, Siemens said. However, Kaeser said that "strong orders from Europe" had helped compensate for lower Chinese demand. The economic slowdown in China is one of a number of macroeconomic factors, including lower global oil prices, that have been holding back growth at Siemens. The company's Power and Gas division continued to be squeezed by weak oil and gas markets, with the profit margin dropping to 9.5% from 11.3% a year earlier. However, Kaeser said that "strong orders from Europe" had helped compensate for lower Chinese demand. "Power and Gas operates in a market environment that continues to be challenging and is marked by intense competition, as well as overcapacities and high price pressure," Kaeser said. Kaeser, who took over in summer 2013, moved to build up Siemens's oil and gas operations, with a $7.6 billion acquisition of U.S. oil-equipment maker Dresser-Rand just as petroleum prices started to plunge in 2014. Costs related to the integration of Dresser-Rand also held back profitability at the division, Siemens said. However, the quarterly order intake at the division was helped by the Egypt contract, the largest in Siemens's history. Last year, the company signed a deal to supply Egypt with three natural-gas-fired power plants and deliver as many as 12 wind farms to the country. But analysts and investors remain concerned over Siemens's ability to execute the project amid political uncertainty in Egypt. Kaeser's remarks Tuesday came just ahead of the company's annual shareholders meeting. Investors were expected to push Kaeser to show more operational profitability this year after two years of restructuring. More»
Ahmed El Demerdash - 2016-02-11 19:39:50
General Motors (GM.N) will resume operations in Egypt next Sunday, February 14th, the company said in its Thursday statement. This comes after GM temporarily halted activities earlier in the week due to its inability to source dollars amid Egypt’s currency crisis. Egypt has been facing an acute dollar shortage since a 2011 uprising and subsequent political turmoil drove foreign investors and tourists away. Dollar reserves have more than halved to US$16.4 billion since then. "The problem has been solved," a company official told Reuters by telephone on Thursday, without providing further details. The company said earlier in the week it was halting operations after being unable to get imported production inputs released from customs because of the dollar shortage. "We will resume plant operations in 6 October City commencing Sunday, February 14," the company added in its statement. General Motors's Egypt operation includes assembling trucks and cars. It makes 25 percent of Egypt's vehicles. More»
Dina Abdel Fattah - 2016-02-11 18:54:17
Coca-Cola has announced that all Coke Trademark brands will be united for the first time since 2007 in one global creative campaign: “Taste the Feeling”, marking a significant shift in its marketing strategy. Coca-Cola Company has more than 500 sparkling and still brands, generating annual sales estimated at US$ 20 billion. Marcos de Quinto, Chief Marketing Officer of Coca-Cola Company, said the integrated “Taste the Feeling” campaign would roll out in 220 countries around the world throughout 2016 through all TV commercials, digital, print, out-of-home and shopper materials. An international network of 10 agencies has developed the “Taste the Feeling” work to fit the nuances of each recipient country, said de Quinto, who unveiled the “one brand” approach at a press conference in Dubai on Thursday. The conference was in the presence of all Coca-Cola’s chief executives and directors, and attended by more than 70 journalists from European, Asian, African, and Middle Eastern countries. More»
Amwal Al Ghad English - 2016-02-11 15:00:57
Jeffrey Donaldson, UK Prime Minister David Cameron’s trade envoy to Egypt, will meet Thursday Egyptian Minister of Petroleum Tarek El-Molla to discuss British investments and future opportunities in Egypt’s energy sector. Donaldson and El-Molla are joined by a number of leading British energy companies, including major long-term investors such as BP and BG as well as experts in industry supply chain services. In advance of the meeting, Donaldson said: “With the discovery of the enormous Zohr gas field last year and Egypt’s booming energy needs, there has never been a more exciting nor a more important time for Egypt’s energy sector. British businesses must be partners of choice for Egypt’s energy future. “Major British investors like BG and BP have been central to the development of Egypt’s energy industry. Not only that, but many smaller British companies have decades of experience from energy production in the UK’s North Sea, which could be transformational for Egypt’s future.” Donaldson’s meeting with el-Molla follows his visit on Wednesday to BG’s world-class liquified natural gas plant at Idku, which is one of the most comprehensive complexes of infrastructure and gas processing facilities in the region. BG and BP are two of Egypt’s most important long-term, committed investors. They have together invested almost $40 billion in developing Egypt’s energy sector. BP’s $12 billion investment in the West Nile Delta project was the largest investment deal in Egypt’s history and the project is expected to produce the equivalent of 25 percent of Egypt’s current gas supply. More»
Hisham Ibrahim - 2016-02-11 14:47:01
European investments in the Egyptian markets have been boosted by 4 percent during 2015, Head of European Union Delegation to Egypt James Moran stated Thursday. The European Union targets boosting the volume of European investments and mutual trade with Egypt within the upcoming period, the head stated. He made these remarks during a conference held Thursday to inaugurate EU's Trade and Domestic Market Enhancement Programme. The  Programme is funded  by  the  European  Union to  the magnitude of €20 million and will run till the end of 2017. By launching the programme, the mutual trade and economic relations will be re-enhanced , Moran clarified, adding that the new programme is coinciding  with  the  economic reform  programme  announced  within  the  Sustainable  Development  Strategy of  Egypt. Head Moran noted that the volume of mutual trade between Egypt and the EU has been increased by 11 percent since the beginning of 2015. There are a lot of sectors available for EU to increase the cooperation with Egypt notably the service one since the second owns prominent opportunities to rise its exports through this sector, Moran said The official pointed out that the policies that Egypt adopted recently to protect its local industry have been also adopted by the EU previously since they aimed at the favor of economic and social development. On other side, Trade and Domestic Market Enhancement Programme supports  the Egypt trade ministry  and  its  affiliates  in  their efforts  to facilitate  competitiveness  and  job  creation  in  the  Egyptian  economyin  line  with  the  targets  set  in  the Sustainable Development Strategy 2030. The Programme targets boosting Egypt's role in international trade through benefiting from transparent policies and international trade agreements. Additionally, it aims at  boosting industrial development through improving quality infrastructure necessary for liberalising trade, especially towards the EU. Moreover, the Programme eyes minimising the economic differences and creating more job opportunities through focusing on developing SMEs. More»
Hisham Ibrahim & Enas Shabaan - 2016-02-11 13:36:34
Saudi-based Panda Retail Company has submitted a request to Egypt's Supply Ministry to invest in more than 16 land plots by establishing commercial chains, Minister Khaled Hanafy said Thursday. The Saudi firm also requested to upgrade around 20 branches of Alexandria for Consumer Complexes Company- Alex Markets in addition to providing training for the employees. The minister made these remarks during his meeting with Panda's Executive Director for Egypt Hossam El-Meligy in the presence of Ahlam Roshdy , chairman of Egypt's Internal Trade Development Authority (ITDA). Hanafy stated that a massive number of investors have submitted requests to ITDA to invest and establish commercial chains on 733 plots with the space of 6.2 million square meters in addition to developing 366 consumer complexes branches whose spaces are estimated at 242,000 square meters all over Egypt. Panda Retail Company is one of the biggest companies of the retail sector in the Middle East with 463 branches including Hyper Panda and Pandati in 41 cities of the Kingdom. More»
Amwal Al Ghad English - 2016-02-11 10:11:18
Egypt's Juhayna Food Industries, one of the country's largest dairy product and juice makers, is to distribute a higher 0.15 Egyptian pound per share dividend on February 28, the company said announced Thursday. Juhayna posted full year net income for 2015 of 280 million Egyptian pounds ($35.8 million) compared with 170 million pounds a year earlier, the firm said in January. The dividend paid last year was 0.10 Egyptian pound. The company said previously it is looking to invest 600 million Egyptian pounds in the coming year to expand its operations around the country. More»
Sanaa Allam - 2016-02-11 09:58:10
The International trade exhibition for construction technology, building materials and equipment for Egypt and Africa Project Egypt 2016 starts on Thursday February 11, 2016 with the participation of 120 firms. The international exhibition will take place for four days from 11-14 February 2016 at Cairo International Convention & Exhibition Center (CICC). Project Egypt 2016 will bring together prominent building materials and equipment manufacturers and distributors from around the world who will showcase their latest technologies, innovations and services to meet the needs of decision-makers and business leaders in the construction industry from Egypt and Africa. It encompasses projects planned and un-awarded estimated at more than 814.6 billion Egyptian pounds (US$104 billion). On other side, Saudi Ambassador to Cairo Ahmad Qattan is set to inaugurate the Saudi pavilion in Project Egypt that includes 30 Saudi firms. The pavilion is organised by the Saudi Export Development Authority ( SEDA). More»
Amwal Al Ghad English - 2016-02-11 08:04:11
Tesla Motors Inc Chief Executive Elon Musk on Wednesday promised investors that the electric luxury car maker will start making money this year, sending the company's shares up sharply despite a wider fourth-quarter loss. Tesla shares rose more than 10 percent in after-hours trading after the company forecast a 60 to 80 percent increase in vehicle sales this year and promised it would turn a profit on an adjusted basis. It will start generating positive cash flow in March. Tesla shares are still down more than 30 percent since the beginning of the year, reflecting investor concerns about continued losses. Musk and the company's new chief financial officer, Jason Wheeler, sought to assure investors on a conference call on Wednesday evening that Tesla is determined to cut costs, hit production targets and stanch losses. "Cash is king," Wheeler said. More»