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        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        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        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

Sanaa Allam - 2016-06-30 11:41:12
Egyptian Furniture Export Council (EFEC) targets rising furniture exports by 66 percent to hit 5 billion Egyptian pounds (US$563 million) within the coming four years versus 3 billion pounds in 2016. EFEC Chairman Ihab Derias stated Wednesday that the council finished paperwork for boosting furniture sector exports including many suggestions notably submitting 13 documents by the exporter that determine container price. He added that the paperwork also included most competitive privileges of the sector and what it could achieve after getting an effective support from the state. Derias stated that furniture sector is vital for national economy as it is one of the prominent sectors that witnesses rabid growth rates in production volume beside attracting more investments. Moreover, the chairman clarified that furniture industry is a labour-intensive one since it encompass around 120,000 facilities, seizing 13% of industrial manpower. Accordingly, the sector could participate in solving state’s unemployment crisis. More»
Sanaa Allam - 2016-06-29 13:33:15
Egyptian furniture exports rose by 11 percent in January-May 2016 to 1.3 billion Egyptian pounds (US$146.3 million) opposed to 1.2 billion Egyptian pounds at the same period of 2015. According to the latest report of General Organization for Export and Import Control (GOEIC) released Wednesday, the largest importing markets of Egyptian furniture is the Saudi one with imports of 419 million pounds followed by UAE (189 million pounds). Following Saudi Arabia, Jordan imports of Egyptian furniture recorded around 113 million pounds followed by Iraq whose imports reached 99 million, then Qatar with imports estimated at 90 million. More»
Hisham Ibrahim - 2016-06-29 11:24:38
A delegation of 40 American firms is scheduled to visit Egypt on October 25, 2016 to showcase available investments opportunities in the Egyptian market. Speaking to Amwal Al Ghad Wednesday, Chairman of Egypt-U.S. Business Council (EUSBC), Omar Mohanna stated that the council will organise joint meetings with a number of local investors to discuss current situation in national projects notably Suez Canal Axe and New Administrative Capital City projects. The council is set to held its meeting during the visit of the American delegation, the chairman pointed out. On other side, the statistics of Egyptian trade ministry showed that the total volume of Egyptian exports to U.S. reached around US$1.4 million in 2015, while state's Qiz exports recorded US$1 billion, seizing 71 percent of the total volume. Moreover, the total volume of American investments in the Egyptian markets are estimated at around US$22 billion. More»
Amwal Al Ghad English - 2016-06-29 10:33:07
Soft drink producer Coca-Cola Egypt plans injecting new investments of US$500 million into Egyptian market within the upcoming period. In a press conference held Wednesday, Public Affairs and Communications Manager in Coca-Cola Middle East and North Africa, Ghada Makady stated that the Egyptian market is a prominent one in which the mother company eyes developing its business through upgrading production lines. Coca-Cola pumped massive investments within the last period to establish packing factories and a distribution network in the Egyptian market, the official said. Makady noted that the company started working in the Egyptian market since 1942 as it provides job opportunities for around 12,000 employees. On other side, Manager Makady asserted that Coca-Cola has no intention to raise prices of its products within the coming period, adding that it exerts efforts to develop Egyptian society and create more job opportunities. More»
Amwal Al Ghad English - 2016-06-29 09:37:32
Japan's retail sales fell more than expected in May in a third straight month of annual declines, data showed on Wednesday, keeping policymakers under pressure for more stimulus to support a fragile economic recovery. Retail sales fell 1.9 percent in May from a year earlier, more than a median market forecast for a 1.6 percent declines, data from the Ministry of Economy, Trade and Industry showed. The weak reading underscores the relative fragility in Japan's economy, with slow wage growth and gloomy prospects of recovery weighing on household spending. "Consumer spending has been stagnant and the trend is likely to continue for a while due to sluggish growth in wages," said Hidenobu Tokuda, senior economist at Mizuho Research Institute. "A strong yen will push down import prices, which would be positive for consumers. But the yen's rises would hurt exports, corporate earnings and capital spending," he said. The ministry maintained its assessment that retail sales were weakening as a trend. The market turmoil in the wake of Britain's vote to leave the European Union adds to headaches for Japanese policymakers worried about the drag the yen's recent rises could have on exports. "Uncertainty and risks remain in financial markets," Prime Minister Shinzo Abe told a meeting held Wednesday morning with Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda to discuss financial market developments. Japan stepped up threats to intervene to weaken the yen after the "Brexit" vote drove the currency to multi-year highs, but the risks of a costly failure may dissuade policymakers from matching words with action. The Bank of Japan (BOJ) is also wary of rushing into expanding its monetary stimulus, preferring to wait and see if the market turmoil lasts long enough to threaten Japan's economic recovery, sources say. That puts the onus on the government, which is willing to spend at least 10 trillion yen ($97.6 billion) on a stimulus package that will include assistance for small businesses hurt by the jump in the yen. ($1 = 102.4200 yen) More»
Amwal Al Ghad English - 2016-06-29 08:58:15
Japan's Toyota Motor Corp (7203.T) has recalled 3.37 million cars worldwide over possible defects involving airbags and emissions control units. The automaker on Wednesday said it was recalling 2.87 million cars over a possible fault in emissions control units. That followed an announcement late on Tuesday that 1.43 million cars needed repairs over a separate issue involving air bag inflators. Some of the automaker's gasoline-electric hybrid Prius models contain both of the potential defects, taking the total number of vehicles affected by the recalls to 3.37 million. No injuries have been linked to either issue. Toyota on Wednesday said evaporative fuel emissions control units in models produced from 2006 to 2015 including the Prius, Auris compact hatchback and its popular Corolla models were prone to cracks, which could expand over time and lead to fuel leaks. Late on Tuesday it recalled Prius models and Lexus CT200h cars made from 2010 to 2012 over air bag inflators that could have a small crack in a weld, which could lead to the separation of the inflator chambers. The inflator, which was not supplied by troubled maker Takata Corp (7312.T), could partially inflate and enter the vehicle interior, increasing the risk of injury, Toyota said. More»
Hisham Ibrahim, Sanaa Allam - 2016-06-28 14:08:34
Egyptian non-petroleum exports rose to US$8.4 billion during the first five months of 2016, marking 3 percent increase in comparison to the same period of 2015. Egyptian Trade Minister Tarek Qabil stated Tuesday that Egypt's exports to European Union states recorded around US$2.2 billion in January-May 2016 opposed to US$2.02 billion a year earlier, registering 7 percent growth. He added that Egypt's exports to Arab states reached around US$3.8 billion at the end of May 2016 versus US$3.5 billion in May 2015, making 6.6 percent increase while exports to non-Arab African states hit US$1.425 billion. Minister Qabil clarified that those positive statistics asserts that ministry's plan to boost Egyptian non-petroleum exports succeeded, thus, leading all export sectors to revive. More»
Sanaa Allam - 2016-06-28 13:48:59
The multinational consumer goods company Unilever achieved sales volume of around €53.3 billion in 190 states during 2015, Managing Director at Unilever Mashreq, Ashraf Bakry stated Monday. He made these remarks during Kamel Karamak campaign that Unilever launched Monday in cooperation with Egyptian Food Bank and Supply ministry. The launching ceremony was attended by Planning Minister Ashraf El Araby, Social Solidarity Minister Ghada Wali,  Tourism Minister Yehia Rashid, Minister of Antiquities Khaled al Anani, and Giza Governor Mohamed Kamal Al-Dali. Unilever is one of the prominent global firms in consumer goods field since it has more than two million consumers all over the world and encompasses around 169,000 employees. Bakry added that developing countries and emerging markets seize 58 percent of Unilever's products in 2015, including more than 400 brands notably Dove, Knorr, Sun Silk, Lux, Lipton, Vaseline, and Omo. More»
Sanaa Allam - 2016-06-28 12:57:41
Egyptian exports to Germany increased by 13.6 percent to €1.7 billion during 2015, Hassanein Tawfiq, a member of German-Arab Chamber of Industry and Commerce (GACIC) stated Tuesday. He added that German exports to Egypt increased by 25 percent to €3.35 billion in 2015, leading the volume of trade exchange between two states to hit around €5 billion. Tawfiq asserted that trade and economic ties between Egypt and Germany are strong and the GACIC plans to upgrade and enhance them within the upcoming period. The official clarified that the chamber is considered as a trade moderator between Egypt and Germany to enhance economic relations and boosting joint investments . The aim of GACIC is the trade promotion, industrial development, and strengthening Egyptian-German cooperation in business and trade fields, Tawfiq noted. More»
Sanaa Allam - 2016-06-28 11:40:41
The investments of  the International Company for Food Industries - ICFI (Cook Door) exceeded one billion Egyptian pounds (US$112 million) at the end of 2015, Chairman Osama El-Saied said Monday. He noted that Cook Door keens on increasing those investments during 2016 to boost its market share beside improving competitiveness of Egyptian products regionally. The chairman clarified that the company is currently preparing a chemistry and microbiology laboratory to analyse all raw materials and the locally-produced products to make sure that they follow global standards and specifications. Despite the challenges facing Egyptian investment climate, Cook Door is adopting an investment expansion plan to boost investments through alternative plans besides expanding locally and regionally. Cook Door is currently employing around 2,900 well-trained workers and employees and targets increasing this number within the upcoming period, the chairman noted. More»