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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Universal For Paper and Packag   4.94        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

Enas Shaaban - 2016-08-28 13:58:57
Egypt-based Alexandria for Consumer Complexes Company-Alex Markets plans achieving sales of 70 million Egyptian pounds (US$7.8 million) during Eid Al-Adha. Chairman Mohamed Sedky told Amwal Al Ghad Sunday that Alex Markets attained sales estimated at around 52.5 million pounds during previous Eid Al-Adha. Alex Markets eyes boosting sales volume by around 17.5 million pounds in Eid Al-Adha this year, the official clarified. Sedky noted that Alex Markets finished preparations for Eid Al-Adha through providing large amounts of meat and different food products in 220 outlets all over Egypt. Alex Markets is an affiliate of Egyptian Food Industries Holding Company-FIHC. More»
Amwal Al Ghad English - 2016-08-28 13:23:20
Egyptian Agriculture Minister Essam Fayed issued decree 1421 for 2016 Sunday to ban importing any wheat shipments containing any levels of the ergot fungus. Recently, Egypt tightened restrictions on imports with a new rule preventing some grain vessels from unloading until they pass final inspection. Previously, ships that were being reviewed by authorities could discharge the cargo into bonded warehouses before receiving final approval by quarantine officials. At the beginning of 2016, French, Canadian and Polish wheat shipments were rejected due to their ergot content. More»
Sanaa Allam - 2016-08-28 10:42:44
Egyptian paper products sector witnessed a leap during the first half of 2016 as its exports grew by 25 percent. The total exports of paper products recorded around 1.9 billion Egyptian pounds (US$213.9 million) in January-June 2016 versus 1.5 billion pounds at the same period of 2015. The latest report released by Egyptian Chemical Export Council (CEC) stated that paper products sector captured 15 percent of the total exports of chemical industries sector by the end of June 2016. In June 2016, paper products exports rose by 27 percent to 302.3 million pounds opposed to 238.9 million pounds a year earlier, getting 13.5 percent of total chemicals exports. During the first quarter of 2016, paper products exports jumped to 881.2 million pounds from 763.3 million pounds a year earlier, registering 15 percent increase. Additionally, exports of paper products climbed during the second quarter of 2016 to one billion pounds opposed to 739.9 million pounds during the second quarter of  2015, making a 35.25 percent increase. More»
Amwal Al Ghad English - 2016-08-28 08:17:10
Egypt's cabinet approved on Saturday the increasing of installation fees for household natural gas connections, Al-Ahram Arabic news website reported, citing oil minister Tarek El-Molla. El-Molla stated that the fees have been raised by EGP 350 to reach a total of EGP 1,850. The minister said the new fees are due to the high cost of delivering the natural gas to households. However, the minister made it clear that the new increase would not apply to all citizens, with lower-income people to be exempt. The rise came a few weeks after the government announced new increases in electricity bills as part of a fiscal reform programme – which includes cutting subsidies and the introduction of new taxes – aimed at curbing the growing state budget deficit, estimated at 11.5 percent of GDP in 2015/16. More»
Mahmoud Shaaban - 2016-08-27 14:18:32
The Egyptian Mineral Resources Authority (EMRA) is set to announce results of its global public tender for exploring, extracting, and manufacturing mineral ores before the end of 2016. EMRA Chairman Omar Taima stated Saturday that the tender is still in technical evaluation phase and announcing the results would be through state's oil ministry. The tender include exploring mineral ores in different nine areas all over Egypt notably South Sinai, Red Sea cost, and Marsa Allam, the head added. He clarified that the tender is set to accelerate  pumping more investments during financial year 2016-17, thus, the sector would be able to achieve high growth rates. Taima pointed out that the tender includes exploring a group of mineral ores notably;  lead, zinc, tin, quartz, and others. More»
Mahmoud Shaaban - 2016-08-27 13:04:34
Egyptian petroleum ministry is adopting a strategy to maximise local component and manufacturing in petroleum projects, Minister Tarek El-Molla asserted Saturday. He added that ministry's strategy targets encouraging local petroleum industry as well as lowering state's bill of importing petroleum products. El-Molla emphasised on the importance of the regular upgrade of  human cadres, capacities, equipment, and production facilities as pursuant to the massive number of petroleum activities that Egypt is currently witnessing notably in drilling and exploration fields. The minister made these remarks during his visit to the marine manufacturing facilities of the Petroleum Projects and Technical Consultations Company (Petrojet) in West Alexandria ferry. Upgrading works at the marine are estimated at 20 million Egyptian pounds, El-Molla stated. He also visited platform Abu Qir 3 that has been made for Abu Qir Petroleum company. The strategy of  also aims at putting discovered fields into operation as soon as possible to cover state's needs of gas and oil, the minister clarified. After showcasing the platform, El-Molla launched Abu Qir 3 in order to be installed in Abu Qir field to accommodate the production of nine wells that would be linked to new manufacturing facilities. Around 200 million cubic feet of natural gas and 7,000 barrels of oil and condensates are set to be produced after finishing drilling works at developmental wells in Abu Qir field, the minister said. More»
Hisham Ibrahim, Sanaa Allam - 2016-08-27 11:30:42
Egyptian commercial office at Bucharest succeeded in inking export contracts between a number of Egyptian firms and their Romanian counterparts. Chairman of Egypt's Commercial Service Office (ECS), Ali El-Leithy stated Saturday that the total costs of the signed contracts are estimated at US$4.3 million. On other side, the official added that Egypt took part in 20 global exhibition during July 2016. He noted that state's commercial office at Kuwait is in talks with Kuwait Fund For Arab Economic Development over fund's loan to finance five seawater desalination plants in Sinai with the cost of US$100 million. Moreover, El-Leithy noted that Egyptian commercial office at Erbil is currently coordinating with Egypt Expo and Convention Authority (EECA) to hold the third exhibition for Egyptian products in Erbil from 20-29 October 2016. More»
Ahmed Fayez - 2016-08-27 10:29:44
Egypt's Cabinet approved the suggestion of transport ministry for signing a Memorandum of Understanding (MoU) with a Chinese firm on establishing second containers terminal at Damietta Port. In a press conference held Thursday, Minister of Transport Galal El-Saeed stated that the initial cost of the projects is ranging between US$600-700 million. The new terminal is set to be established with length of 1,900 metres and depth of 17 metres. It is also would be built on a space of 1.2 million square metres, the minister clarified. El-Saeed noted that the ministry is currently negotiating with the Chinese firm in line with issuing providing necessary equipment for global firms. Moreover, the minister stated that government's talks with the Chinese side are on getting a loan worth 2 percent of project's total cost to be paid over 20 years. More»
Amwal Al Ghad English - 2016-08-27 09:23:14
Profits earned by China's industrial firms grew at their fastest pace in four months in July, aided by a pick-up in sales and reduced costs, the statistics bureau said on Saturday. Profits in July rose 11.0 percent to 523.01 billion yuan, the National Bureau of Statistics (NBS) said, the fastest growth rate since March. "Although the growth in industrial profits has accelerated, we still haven't seen an obvious pick up in demand in the market," NBS official He Ping said in a statement accompanying the data. He said challenges posed to strong industrial profit growth include rising management costs and the costs of tackling overcapacity. Total profits for the January-July period rose 6.9 percent from the same period a year earlier, compared with a 6.2 rise in the first half of this year. Profits in the mining sector fell 77 percent from the same period a year earlier while manufacturing profits rose 12.8 percent. Chinese industrial firms' liabilities at the end of July were 4.5 percent higher than at the same point last year. The data covers large enterprises with annual revenues of more than 20 million yuan from their main operations. More»
Amwal Al Ghad English - 2016-08-27 08:52:57
French transport group Alstom (ALSO.PA) said on Friday it had signed a 1.8 billion euro ($2 billion) deal to design and build 28 new high-speed trains for U.S. rail operator Amtrak. Under the deal, Alstom said it would also provide long-term technical support and spare parts. The trains will run on the Northeast Corridor (NEC) between Boston and Washington D.C, the statement said. More»