amwalalghad :: Industry & Trade

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        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 - 2014-07-28 09:57:49
Egyptian Prime Minister Ibrahim Mahlab will lead his country’s delegation to the four-day US-Africa Leaders Summit due to be held in Washington on August 4. The summit titled “Investment in the next generation” will be an opportunity to discuss ways of encouraging development, increasing job opportunities and creating a healthy environment for the next generation. NGOs forums will be held on the sidelines of the summit. The summit will also tackle a number of issues like Africa’s integration in the international economy via enhancing African countries’ capabilities, encouraging investment in Africa, empowering youth and establishing peace and security in the black continent. More»
Sanaa Allam - 2014-07-27 11:45:23
Egypt's Asfour Crystal, the world's largest producer of full-lead crystals, recorded first half exports totalling 297.7 million Egyptian pounds ($416.331), the Chemicals and Fertilizers Export Council (CEC) announced. According to CEC's latest report on local glass exports for the first half of 2014, Al Alamia for Glass Manufacture was ranked second with total exports at value of 47.2 million Egyptian pounds. Coming third, Misr Glass Manufacturing Company-MGM registered total exports during first half amounting to 42.04 million Egyptian pounds. CityGlass Group came in the fourth position, with total exports worth 34.8 million Egyptian pounds. Fifthly, Middle East Glass Manufacturing Company (MEG) obtained total exports of 27.2 million Egyptian pounds. Moreover, the report referred that UAE was the largest recipient of the Egyptian glass exports during first half, registering imports worth 100.9 million pounds. Hong Kong was the second largest recipient of the Egyptian glass exports, importing 66.1 million pounds. The Sudan managed to be the third largest recipient of 58.4 million pounds. The report also revealed that Egypt's H1 glass exports reached 670 million pounds, versus 736 million pounds for the same period last year. More»
Amwal Al Ghad English - 2014-07-27 08:50:17
A proposed deal to export Israeli natural gas through Egypt has the potential to enable Israel’s entry into its first major export markets, help Egypt escape a deepening energy crisis, and welcome the first European players into Israel’s natural gas industry. However, the deal is complicated by political realities and a history of deeply rooted grievances between the two countries, made worse by the recent violence between Israel and Hamas in Gaza. On May 5, 2014, Texas-based Noble Energy, which claims a 36 percent stake in Israel’s Tamar gas field, announced a non-binding letter of intent between the consortium of Tamar field partners and Spanish-Italian energy giant Union Fenosa Gas (UFG). The letter of intent proposes that Israel’s Tamar field supply 2.5 trillion cubic feet of natural gas over a 15-year period to an existing natural gas liquefaction plant in Damietta, Egypt. The deal could be worth up to $20 billion.[1] The Damietta plant is owned by the Spanish Egyptian Gas Company, in which UFG has an 80 percent stake, with Egyptian national energy companies claiming the remaining 20 percent.[2] Strategically located on Egypt’s Mediterranean coast near the Suez Canal, the Damietta plant provides convenient access to export markets in Europe and Asia, where natural gas fetches higher prices than in the Levant region. More»
Hesham Ibrahim & Enas Shabaan - 2014-07-24 14:10:58
Egypt's government is studying to contribute EGP 18 billion to implement the fourth phase of Cairo Metro Third Line project. According to the Chairman of National Authority for Tunnels (NAT) Ismail El-Nagdy, the Egyptian government will issue its final decision to finance the fourth phase by end of next August. The authorities in Egypt are willing to immediately start the implementation process of the fourth phase within next October, he noted. The project will run from Heliopolis district, to complete its path toward Cairo International Airport. With a total length of 15.8 km, the fourth phase will include 10 stations; namely Haroun, Heliopolis square, Alf Maskan, Shams Club, Nozha 1, Nozha 2, Qiba, Omar Ibn Al Khattab, El-Salam, 10th of Ramadan Station, and Airport. Cairo Metro, the first metro network in Africa, has been operational since 1990. The network consists of two lines, and a further two are planned. More»
Amwal Al Ghad English - 2014-07-24 11:36:33
British American Tobacco (BAT), the world’s second-largest tobacco company by sales, announced Thursday that it modified cigarettes prices in Egyptian market. This comes in the light of the Egyptian president's decree to issue new tax on cigarettes. Egypt increased the sales tax on cigarettes by up to 120 % on Sunday as part of a series of measures to curb the budget deficit and reform the economy. The company added, in a release on Thursday, that modifications included the below mentioned brands: Brand Name New Price in EGP Dunhill 20 Kent 20 Rothmans 13 Viceroy 11 BAT has a market-leading position in over 50 countries and operations in around 180 countries. More»
Amwal Al Ghad English - 2014-07-24 11:12:57
TAQA Marketing, a subsidiary of TAQA Arabia, contributes to the growth of the Egyptian economy with new investments to expand its network of service stations.Qalaa Holdings (CCAP.CA) , formerly Citadel Capital, announced Thursday its energy sector subsidiary TAQA Arabia aims to expand its network of fuel stations in Egypt through TAQA Oil Marketing Company. The company currently offers comprehensive services with the highest levels of quality, through 36 state of the art gas and fuel stations nationwide.TAQA Arabia's Board of Directors, headed by Khaled Abu Bakr, recently approved the ambitious expansion plan presented by TAQA Marketing Managing Director, Mohamed Nafea. The company's strategy is focused on serving remote areas of the country that are in need of premium service stations outside the major urban centers of Cairo and Alexandria."The Egyptian market has immense growth potential. In light of the government's efforts to revive the economy and regain investor trust, we will continue to invest heavily in energy as one of our core industries. This initiative on the part of TAQA to expand its network of stations is an important step that will make oil products more readily available in rural areas that have witnessed the worst of the country's energy shortage," said Mohamed Shoeib, Managing Director and Head of Qalaa Holdings Energy Division. TAQA Oil Marketing is currently pursuing a strategy that aims to see the company become one of the top 5 oil marketing companies in the country within the next 10 years, particularly with regards to its market share. Its new stations are state of the art one stop shops offering a variety of petroleum products."We have already differentiated ourselves and built strong brand equity in the market by providing customers with the highest quality products and services. Now TAQA Oil Marketing looks forward to rolling out our new expansion plan in Egypt's underserved markets," said TAQA Arabia CEO, Pakinam Kafafi. TAQA Oil Marketing has capitalized on its exclusive deal with Castrol, one of the biggest lube producing companies in the world. As the exclusive distributer of Castrol's products in Egypt, the company provides services to the automotive, industrial and maritime sectors."TAQA Marketing has become a profitable company with return on equity expected to exceed 20% by year's end and will reach 25% within two years," said the company's Managing Director, Mohamed Nafea.. TAQA Arabia is the largest private sector energy distribution company in Egypt with over 16 years of experience, investing and operating energy infrastructure including gas transmission and distribution, power generation and distribution and marketing of petroleum products. The company serves more than 600 industrial, 50,000 commercial and 600,000 residential customers and has converted 1 million appliances to natural gas in Egypt and the MENA region. Energy is one of Qalaa Holdings' (formally Citadel Capital) core industries along with cement, agrifoods, transportation & logistics and mining. More»
Enas Shabaan - 2014-07-24 10:45:56
Egypt's state-run General Authority for Supply Commodities (GASC) has bought 235.000 tonnes of Romanian, Russian and Ukrainian wheat for shipment September 01-10, at total cost of $421 million. The tender is the second to sign as pursuant to the country's budget for the fiscal year 2014/2015. Of the total, GASC bought 120.000 tonnes of Russian wheat, 60.000 tonnes of Romanian wheat, 55.000 of Ukraine's at average price of $256.66 a tonne, said Minister of Supply Khaled Hanafy. Accordingly, Egypt's strategic stocks of domestic and imported wheat are sufficient to last for six coming months, the minister told Amwal Al Ghad on Thursday. Egypt is the world’s largest wheat importer, which usually purchases around 10 million tons of wheat per year from international markets and uses a mixture of domestic and imported wheat for its subsidised bread program. More»
Enas Shabaan, Sanaa Allam - 2014-07-23 13:11:04
Egypt's Ceramica la Beauté and Majestic Purslina firms which affiliated to Al Omaraa For Ceramic Production Group Eye attaining EGP1billion sales within this year. Commercial director for the group Gamal Fouad asserted that his group seeks increasing its sales with about 20% in compared to the last year through pumping EGP300 million investments via launching two new plants in Tenth of Ramadan and Quweisna-Cairo. Furthermore, the group aims making its production capacity of the two plants 85.000 meter Ceramic per day, noting that it seizes 20% from the Egyptian Ceramic industry market. More»
Amwal Al Ghad English - 2014-07-23 09:35:53
Egypt's steel companies have filed a petition against rebar and wire rod imports from China, Turkey and Ukraine, one of its top steelmakers said on Tuesday, the latest move in a years-long quest to protect the fledging industry from low-priced imports. Egyptian Steel and other major steelmakers have submitted a request for the government to re-introduce anti-dumping duties on imports of rebar and wire rod, used in the construction industry, Ahmed Abou Hashima, chief executive of Egyptian Steel said in an interview. The filing was made in May. The industry moved quickly after former army chief Abdel Fattah al-Sisi won the country's presidential vote, putting a military man back in power after the brief hiatus of Islamist control. It comes at a critical time for Egypt's steel industry, which is still recovering from political turmoil, and for a global market struggling with low prices and overcapacity due to lackluster demand. "How can (foreign) rebar and wire rod enter Egypt with zero customs? We have very high-tech industries in Egypt, especially in steel, but we must protect them (from foreign imports)," Abou Hashima said. "We have to change from customers to industrials: that's the only way a country can grow." According to steel industry body Worldsteel, Egyptian steel output fell at an annual rate of 8 percent in the first four months of 2014, to 2.05 million tonnes, after rising just 1.9 percent last year amid the turmoil surrounding the overthrow of former Islamist President Mohamed Mursi. The industry sees dumping duties as necessary after Sisi slashed energy subsidies to factories in an effort to salvage ruinous government finances. "The new government has a lot of issues on hand, so we want to make sure that the issue does not die out and remains on top of their agenda," Abou Hashima said. Calls for the government to re-introduce previously short-lived dumping duties started last year after the government dropped tariffs in June after just six months. The petition in Egypt comes after other countries, including the United States, successfully imposed protection duties on imports of steel rebar. In April this year, the U.S. Commerce Department set preliminary duties on millions of dollars worth of imports from Mexico and Turkey after producers alleged foreign competitors were selling steel rebar at unfairly low prices. Previously, Egypt's Industry Ministry confirmed that no import duties were in place on imports from Turkey, the world's top steel rebar exporter, but declined to comment on whether or not the government was considering such a measure. Egyptian Steel is planning to expand its annual capacity to over 2 million tonnes by late 2016 from 355,000 tonnes now. More»
Amwal Al Ghad English - 2014-07-23 09:29:10
A tender to construct Egypt's first nuclear power plant will now be launched by the end of 2014. The tender for the El-Dabaa plant was originally scheduled for earlier this year. Ibrahim El-Osery, the Ministry of Electricity's adviser for nuclear energy, told the Daily News Egypt newspaper that a global tender for the El-Dabaa plant would be launched by the end of 2014. He was quoted as saying, "One of the tender's conditions is that whoever wins will take the responsibility of financing the project until its implementation." El-Osery said Egypt will pay for the implementation expenses after operations start. He noted, "The costs Egypt saves when using nuclear energy, as opposed to conventional energy, will be used to pay for the project." Back in 1983 the El-Dabaa site on the Mediterranean coast was selected for a nuclear plant, but this scheme was scrapped after the Chernobyl accident. However, in 2006, the same site was named in plans to build a 1000 MWe reactor for electricity generation and water desalination by 2015, in a $1.5-$2 billion project that would be open to foreign participation. Early in 2010 the proposal had expanded to four plants by 2025, the first costing about $4 billion and being on line in 2019 or 2020. However, plans were put on hold in 2011 until the political situation stabilised following the ousting of former president Hosni Mubarak. Local tribal families were reported to have occupied the site of the planned plant in early 2012, damaging existing infrastructure. However, late last year, they relinquished the site to the Egyptian armed forces. According to the state-owned Al-Ahram newspaper, the Egyptian Army Corps of Engineers began an EGP13 billion ($1.8 billion) project in May to complete rehabilitation of the plant's infrastructure. This work - including an administrative building, laboratories, storage units, workshops, and water and electricity utilities - is scheduled to be completed by early September. More»