amwalalghad :: Industry & Trade

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Misr Chemical Industries   5.65        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        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        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        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        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        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

Abdel Halim El Gendy - 2015-11-26 17:01:28
Egyptian paints and coatings manufacturer, Kapci says its newly built factory in India will be operative within the second half of 2016. According to Mohamed Rateb - Kapci’s sales and marketing manager, the investment cost of the new factory is US$12.5 million i.e. exceeds 100 million Egyptian pounds. Kapci is the first Egyptian company to build a coatings factory in India, Amwal Al Ghad quoted Rateb as saying Thursday. The factory is built on a space of 50,000 metres in Bangalore, south of India, he added. The location of the factory is based on scientific and marketing studies conducted by Kapci. Furthermore, Rateb said the Indian factory is set to be an exporting hub where Kapci’s products can reach the South Asian region, backed by India's free trade agreement with the ten member states of the Association of Southeast Asian Nations (ASEAN). The free trade agreement reduces the tariffs on a majority of traded goods between India and ten-member ASEAN bloc; Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam. Additionally, Kapci’s Indian factory will contribute to boost the group’s exports to the country, which currently stood at US$3.5 billion, the Egyptian official stated. The company is still determined to chalk out an aggressive expansion strategy, by opening up new export markets for the coming period, Rateb added. He also said Kapci Coatings currently exports to more than 55 countries worldwide. Kapci is not only the biggest coatings firm in the Middle East region, but also it is placed the 67th in world rankings engendering confidence in Kapci brand, Rateb said. This inspired Kapci’s employees to exert more efforts to acquire larger market shares not only in the Middle East but on the global level. More»
Hesham Ibrahim - 2015-11-26 14:57:50
A delegation of prominent Italian firms will be visiting Egypt by the end of January, 2016, Egyptian minister of trade Tarek Qabil announced Thursday. The delegation will be headed by the Federica Guidi – Italy's Minister for Economic Development. The Egyptian minister’s remarks were made during his meeting with Marcello Sala, Co-President of the Italian-Egyptian Business Council. The two parities discussed methods to maximise the role played by the Italian-Egyptian Business Council in boosting investment and trade ties between Rome and Cairo in the coming phase. Italy is a key EU trade partner for Egypt, minister Qabel said, referring to multiple potential opportunities to promote bilateral cooperation in a number of key sectors in Egypt, notably the car assembly industry. More»
Hisham Ibrahim - 2015-11-26 13:24:56
Egyptian trade minister Tarek Qabil headed Thursday to Emirati capital Abu Dhabi to attend the trilateral meeting between Egypt, Russia, and UAE about activating the joint investment fund. The Egyptian-Russian-Emirati fund includes a number of organisations, financing funds in addition to international and Arab banks. It aims at executing a number of projects in Egypt within the upcoming period. The chairmen of the National Bank of Egypt (NBE) and Banque Misr (BM) are set to accompany the minister to agree on the fund's activities and its capital. In May 2015, Egypt has agreed with both Russian and Emirati sides to establish investment fund in which Abu Dhabi Investment Fund, Russian Direct Investment Fund (RFPI), NBE, and BM will contribute. The Egyptian-Russian-Emirati fund is set to provide necessary funds for a number of projects notably those set to be implemented among the framework of developing Suez Canal region as well as touristic projects. More»
Ahmed Fayez - 2015-11-26 12:04:11
The Egyptian Cabinet has agreed in principle on Wednesday to a referendum from China's Sinohydro company to establish  pumped-storage hydroelectric power station in Ataqah, Suez governorate. The new station is set to operate with PC+FINANCE system and the capacity of 2,100 MWs. Sinohydro is a Chinese state-owned hydropower engineering and construction company. The Cabinet has agreed on increasing the volume of the participations of the Egyptian companies in project's construction works and lowering project's cost. Additionally, the Cabinet has agreed to discuss with the Chinese firm the possibility of repaying the loan in Egyptian pounds, through three tranches instead of one only. This comes among the framework for activating the agreements that have been signed during Egypt's March Economic Summit in Sharm El Sheikh, the Cabinet asserted. More»
Amwal Al Ghad English - 2015-11-26 11:58:59
The Chairman of Cambodia’s National Council for Sustainable Development of Kingdom, Sai Samal and the Deputy Director General of Rosatom State Atomic Energy Corporation, Nikolai Spasskiy signed Tuesday a Memorandum of cooperation for the peaceful uses of atomic energy. The document was signed in the presence of the Russian Prime Minister, who is visiting Cambodia and his counterpart Hun Sen. The memorandum involves the following areas of cooperation between the parties: cooperation in the area of engineering, construction and operation of nuclear research center on the basis of multiple research reactors; basic and applied research; nuclear and radiation safety, use of radioisotopes and radiation technologies and their application in industry, medicine, agriculture and other fields; education and personnel training. The Memorandum envisages the formation of a work team to determine specific projects contributing to the implementation of the collaboration. The parties also agreed to hold plan for development and signing of  intergovernmental agreement on cooperation in the field of atomic energy for peaceful uses. More»
Amwal Al Ghad English - 2015-11-26 11:02:28
A German business delegation will be visiting Egypt next December, the CEO of German-Arab Chamber of Industry and Commerce (GACIC) announced Wednesday. Rainer Herret further said in a press conference held in GACIC’s headquarters that the delegation aims to discuss investment opportunities in the Egyptian new and renewable energy sector. The GACIC plans to organise a two-day conference on the sidelines of the German delegation’s Egypt visit, on December 7-8, aiming to review means of cooperation and potential partnerships between Egyptian and German firms in new and renewable energy sector. More»
Mahmoud Shaaban - 2015-11-25 17:29:23
Egyptian government has nothing to do with the agreement signed between Leviathan and Dolphinus Holdings, a senior source from Egypt's Petroleum Ministry said Wednesday. Dolphinus is a firm that represents non-governmental, industrial and commercial consumers in Egypt; while Leviathan is owned by a group led by Texas-based Noble Energy and Israeli conglomerate Delek Group. The source further said that companies wishing to import foreign gas must obtain state approval. It "must achieve a national interest for Egypt and must have added value for the economy", the source said. The state, the source added, does not mind allowing private sector companies that wish to import gas for their own use or for a range of industries to use the infrastructure and facilities owned by the state in exchange for a tariff to be agreed. Earlier Wednesday, the partners in Israel's offshore natural gas field Leviathan said they signed a preliminary deal to supply gas to Egypt via an existing underwater pipeline to the Sinai peninsula. Under the deal, Leviathan -- which is expected to begin production in 2019-2020 -- would supply Egypt's Dolphinus Holdings with up to 4 billion cubic meters of gas a year for 10 to 15 years, the partners said in a statement to the Tel Aviv Stock Exchange. The price of gas is similar to other contracts and is linked to the price of Brent oil, they said. More»
Yomna Yasser - 2015-11-25 14:12:57
Two trade missions from Britain and Scotland will be visiting Egypt in the first half of 2016, to discuss business opportunities and boost current investments, said chairman of British Egyptian Business Association (BEBA) Wednesday. Sameh Seif Al Yazal further said in a press conference Wednesday that the two missions would include key and prominent businessmen and firms from Britain and Scotland that seek to meet Egyptian counterparts and boost investments in Egypt. The number of companies, with British capital participation, working in Egypt exceeds 1,000 ranging from multi nationals such as BP, BG, Shell, Unilever, Vodafone, GlaxoSmithKline, Barclays, and HSBC to smaller, high tech start-up companies. More»
Sanaa Allam - 2015-11-25 11:12:38
The Federation of the Egyptian Industries (FEI) is to join the 13th African Regional Meeting of the International Labour Organization (ILO), Sherif El-Gabaly- board and executive member- said Wednesday. Speaking to Amwal Al Ghad, El-Gebaly stated that FEI is participating among the Egyptian mission -headed by manpower minister Gamal Sorour - that encompasses a number of governmental figures and representatives of business associations. More»
Sanaa Allam - 2015-11-25 11:41:45
European Union states seized 37.7 percent of Egypt's imports of engineering and electronic products within the first half of 2015. In a report released Wednesday by the General Organisation for Export and Import Control (GOEIC), the exports of EU states to the Egyptian market reached 26.3 billion Egyptian pounds (US$3.35 billion) at the end of June 2015. According to the report, Egypt's imports of engineering products recorded around 69.7 billion pounds in the first six months of 2015 opposed to 52.9 billion pounds a year earlier, marking 32 percent increase. Following EU states, US was the second largest importer of engineering and electronic products to Egypt with imports estimated at 4.5 billion pounds, followed by the Arab States whose imports to Egypt worth around 2.2 billion pounds Meanwhile, the imports of engineering and electronic products from other countries are estimated at 31.6 billion pounds. The report showed that automobile components have led the list of imports of engineering and electronic sector with imports worth 14.4 billion pounds during January-June 2015n then electric and electronic industries with imports estimated at around 11 billion pounds. The imports of machinery products recorded around 7.4 billion pounds. During the first six months of 2015, Egypt has imported electronics with the cost of 5.6 billion, metal products with around 5.3 billion pounds, other technical and medical industries with around 4.6 billion pounds, and pumps, boilers and engines with around 3.8 billion pounds. More»