amwalalghad :: Industry & Trade

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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 - 2014-04-20 14:19:44
Egypt and Saudi Arabia are due soon to sign two agreements for customs cooperation and the avoidance of double taxation. The agreements come within the framework of strengthening Saudi investments in Egyptian market. In this respect, Mohamed El-Salhawi – Chairman of the Egyptian Customs Authority –  revealed that the joint Saudi-Egyptian committee has finalised the terms of agreements. More»
Sanaa Allam - 2014-04-20 13:30:09
The Egyptian Export Council for Medical Industries reported $130 million in exports during the first quarter of 2014, a 5% growth year-on-year, chairman Awad Gabr announced. In Q1/2013, the council registered around $123 million in exports. The council’s strategy for the current year aims for expanding into more markets, notably the Arab world, Europe and Asia, the Egyptian official noted. Moreover, Awad said the council’s exports include three products, namely the pharmaceuticals, cosmetics and medical devices. For the pharmaceuticals devices, the exports reached around $66 million. In addition, the cosmetics sector registered approximately $48 million in exports; whereas the value of medical devices sector’s exports hit $16 million. More»
Enas Shabaan - 2014-04-20 10:22:40
Egypt-based supplier T&C Garments S.A.E. is targeting new investments worth EGP200 million in local market within 2014/2015, Chairman Magdi Tolba announced. Tolba noted that the planned investments will go for bolstering the production capacity for T&C Garments’ factory from 20.000 to 30.000 clothes a day. The upcoming investments also aim for boosting the company’s lines of production to 37 lines, from 15, in addition to creating more job opportunities ranging between 2500 to 6000. Moreover, Tolba further told Amwal Al Ghad that T&C’s factory exports its entire products to around 27 countries such as Australia, Japan in addition to European markets. The US market captures nearly 90% of T&C factory’s exports as pursuant to the Qualifying Industrial Zone (QIZ), he noted. Tolba also said T&C factory targets increasing its exports to $150 million from $45 million within the framework of the company’s expansion plans next year. T&C Garments, established company in 2010,  is a joint denim manufacturing facility between private shareholder company Cairo Cotton Center (CCC) and Turkish Textiles manufacturer Taypa Tekstil. More»
Amwal Al Ghad English - 2014-04-19 14:30:34
GB Auto (AUTO.CA), a leading automotive assembler and distributor in the Middle East and North Africa, announced in a press release on Thursday that the company will remain committed in its efforts to expand into new lines of businesses and new markets. The statement comes on the heels of the company’s new entry into the lubricants sector, pre-owned vehicles and retail business just months after moving into Libya and Algeria, a marked expansion outside its traditional base of Egypt and Iraq. "GB Auto is seeking additional strategic expansion opportunities in the region in order to mitigate risk by diversifying in terms of both geographical footprint and lines of business", said Osman Sever, GB Auto’s Head of Business Development. He added that the company is exploring new investment opportunities both in Egypt and abroad as a means of achieving maximum returns for its shareholders and becoming an engine of economic growth and development in Egypt and the region. GB Auto is currently exploring alternatives to access finance to support these new investments, either through raising equity, debt or both. The company is expected to announce its final decision on financing the new investments within a month at which time it will be discussed at a board level to decide about these opportunities and the best financing alternatives. The expected economic returns from these investments make the company confident about its ability to finance the expansion plans through capital increase, debt or both. Raouf Ghabbour, Chairman and CEO of GB Auto, expressed his complete confidence in the company’s efforts to diversify its activities and expand into new markets, adding that there is a direct correlation between these ambitious growth plans and the advent of new investors in the company, which include prominent Gulf and International institutions. More»
Amwal Al Ghad English - 2014-04-17 15:34:31
Egypt and The United Arab Emirates has signed a executive agreement to initiate the training for employment project to train more than 100,000 youth and qualify them to use the latest technical programs according to the needs and requirement of the different industrial sectors to get them into the job market and provide decent job. Mounir Fakhry Abdel Nour, Minister of Trade, Industry, and investment, stated that this project comes in accordance to the agreement between the UAE and Egyptian Governments last October to tap into the package of grants and incentives given by the UAE to finance and execute a number of developmental project in the next phase. He added that the project aims at initiating an electronic and information system to monitor and the employment and skills need in the industrial sector which will set the actual needs and required training and taking the right decisions and strategic planning for the training and employment and the establishment of a Vocational training center and the preparation of curriculum and training the interns and investment required in the field of industrial training. Mahmoud El Sherbiny, Executive Director at Industrial Training Council, revealed that the project will include Ready-made clothes, food, engineering, construction materials, leather, chemical industries, printing, packaging, trade sector, services, and tourism. He added that Awareness campaign will organized to concentrate on enhancing the value of vocational work and its importance. More»
Hesham Ibrahim - 2014-04-17 12:12:03
The Egyptian Investment and Industry and Trade Ministry will about to announce for its new system regarding identifying the mechanism of dealing with the industrial areas whether concerning the allocation procedures or the pricing within the coming few days, Mounir Fakhry Adel Nour, the Minister asserted. The system will include determining the relationship between the New Urban Communities Authority (NUCA), the governorates and the Industrial Development Authority in dealing with these areas, noting that Eng. Ibrahim Mehleb, Egypt’s PM promised to find solution for this dilemma in order to facilitate the obtaining industrial areas for the investors, Abdel Nour explained. Moreover, the ministry will not hesitate to take any decision to ensure the export of products with highly additional value and to stop exporting it with raw image. More»
Islam Salah - 2014-04-16 15:19:22
Hitachi Home and Life Solutions Ltd., a subsidiary of Hitachi Appliance Inc. Japan, signed today a strategic partnership with a leading manufacturer and supplier of air conditioning system in Egypt and MENA Tiba Manzalawi Group. As pursuant to the agreement, Hitachi will expand production of air conditioners and refrigerators in the Egyptian market throughout the coming five years, with investments at value of $30 million. From his side, Eng. Shady El Manzalawi – Managing Director at Tiba Group – stated that according to the partnership, the targeted volume of direct investments shall reach up to $30 million in 5 years in Egypt. Hitachi will inject  direct investments amounting to $10 million in the Egyptian market within 2014/2015, he noted. The manufacturing process will be performed at Tiba Group’s factories located in the 10th of Ramadan city, El Manzalawi added, asserting that the partnership will provide 1.000 direct job opportunities in addition to 2.000 indirect ones. This is the first partnership of its kind to Hitachi established in Egypt, the Middle East and North Africa regions, with the aim for spreading the latest Japanese technology to Egypt. More»
Amwal Al Ghad English - 2014-04-16 10:28:04
Egypt’s Orascom Hotels and Development announced on Tuesday that two subsidiary companies, Taba Heights and Taba Hotels, have signed an agreement with the General Authority for Red Sea Ports to manage Taba port. The company added in a statement to the stock exchange that according to this agreement, a new company has been established  and operate Taba Heights port or any similar activities in any other location under the name of "Taba and the Red Sea ports management" The new company's capital will be EGP one million and the General Authority for Red Sea Port will have a 51% contribution while Taba heights will have a 48% stake and Taba Hotels will have 1% stake.Orascom Development Holding AG is a holding company that subsidiary develops hotels, offers real estate, infrastructure, leisure services, and builds and operates vacation resorts. It is headed by Samih Sawiris, one of Onsi Sawiris's sons.  More»
Enas Shabaan - 2014-04-15 14:55:21
The volume of trade exchange between Egypt and the United States has reached around $8 billion, Gail W. Strickler, Assistant U.S. Trade Representative for Textiles announced on Tuesday. Egypt seeks to “open a new page” of bilateral economic relations with the United States and address mutual interests between the two countries, Minister of Industry, Foreign Trade and Investment Mounir Fakhry Abdel Nour said on Sunday, according to a statement from the ministry. The statement was made during a Sunday meeting between Abdel Nour and US Trade Representative for Europe and the Middle East Dan Mullaney to discuss methods of cooperation between the two countries, which has been hindered after 30 June, Abdel Nour said. Following the ouster of former president Mohamed Morsi, the US and Egypt’s economic relations were affected after the Obama administration began to review the impact the ouster would have on the legality of its $1.5bn in annual aid. US assistance to Egypt includes $1.3bn in military aid and $250m in economic aid. According to Abdel Nour, the Egyptian economy requires investments with a value of 30% of GDP in order to accomplish a 7% economic growth each year. He added that the government is planning to adopt measures to attracted foreign and domestic investments. The US is interested in boosting trade and investment cooperation with Egypt in the “coming period”, Mullaney said during the meeting, adding that Egypt represents a trading hub for American exports to African, Middle Eastern and European countries. During the meeting, the pair highlighted the significance of cooperation in the fields of small and medium enterprises (SMEs), communication, technology and agriculture, the statement said. Mullaney noted that an American delegation will visit Egypt in early August to discuss future cooperation in the agricultural field. More»
Amwal Al Ghad English - 2014-04-15 14:42:06
Egypt's vital waterway Suez Canal witnessed on Tuesday the crossing of 45 ships at weight of 2.411 million tons. 22 ships have passed through the Suez Canal coming from the North at weight of 1.246 million tons. The biggest ship coming from the north was Marshall Islands’ LNG Mozah at weight of 165.973 tons. Meanwhile, the number of ships passing through the Suez Canal coming from the south hit 23 at weight of 1.164 million. The biggest ship coming from the south was Panama’s container ship MSC Rosa M at weight of 158,033 tons. The canal is one of Egypt’s main sources of foreign currency.  Revenues are expected to reach a record high of $5.5 billion in the current fiscal year, according to the Suez Canal Authority. Revenues from the canal rose 8.5% in November from a year earlier to $442.4 million, according to the latest statistics. The Largest Vessel According to the Gross Tonnage: More»