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        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        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

Islam Salah - 2016-05-28 16:30:50
Private equity firm Actis is willing to expand its investments in the Egyptian renewable energy sector, Egypt’s Investment Minister Dalia Khorshed said on Friday. During meeting with Minister Khorshed in Cairo on Friday, Acts officials asserted that Egypt is one of the world’s most important emerging markets. The London-based Actis currently manages US$6.6 billion in assets, operating through 12 offices globally. Earlier in November, Lekela Power, a joint venture company between Mainstream Renewable Power and Actis, announced its third renewable energy project in Egypt. Lekela Power said it would set up a 250 MW wind energy project in Egypt which takes the company’s total project pipeline in Africa to 1.1 GW. More»
Sanaa Allam - 2016-05-28 15:06:04
Egyptian trade ministry is set to finish launching the Egyptian-Lebanese company for enhancing Egyptian exports to Africa in June 2016, Head of Chemicals Export Council (CEC) said Saturday. Speaking to Amwal Al Ghad, Khaled Abu El Makarem added that the company is set to be established with the capital of US$200,000. The set-to-be-launched firm is an offshore one whose basic structure includes 14 shareholders—eight Egyptian businessmen and six Lebanese businessmen residing in Africa who have commercial companies with a long tradition in marketing and dealing with the African market. The official added that Trade Minister Tarek Qabil agreed on the broad lines of establishing the company during his meeting to discuss preparations for the visit of a Lebanese delegation. A mission of 40 large Lebanese companies is set to start its four-day visit to Egypt on 29 May in which it will visit some industrial zones, including 6th of October City, 10th of Ramadan, Badr, Sadat, and Borg Al-Arab in Alexandria. During the visit, an Egyptian-Lebanese business forum is scheduled to take place with the participation of 200 businessmen from the two states. By establishing the firm, the Egyptian ministry targets making use of the Lebanese expertise in promoting and dealing with African markets to boost the volume of Egyptian exports there, Abu El Makarem clarified. More»
Sayed Badr - 2016-05-28 13:37:17
The volume of total executed investments in Egypt hit around 172 billion Egyptian pounds (US$19 billion) during the first half of current fiscal year, representing 12.9 percent of state's GDP. Planning Minister Ashraf El Araby said in a press conference held Saturday that during the same period of financial year 2014-15 , the total volume of implemented investments reached 142 billion pounds, representing 11.9 percent of the GDP. The minister noted that investment rates are expected to record 14-14.5 percent of the GDP by the end of fiscal year 2015-16 and to reach 16-16.5 percent during fiscal year 2016-17. El Araby added that government's scheme plans investment rates to reach 18.7 percent in June 2018. More»
Mahmoud Shaaban - 2016-05-28 12:53:23
U.S.-based conglomerate corporation General Electric (GE) is set to upgrade Egypt's Damietta and Asyut power plants, boost production rates, and increase their capacities form 1.5GW to 2.25GW. President and CEO of GE North Africa, covering Egypt, Libya and South Sudan, Ayman Khattab stated Saturday that GE is set to complete upgrading the two plants at the beginning of summer 2016. The increase in plants' capacities would participate in filling the gap between consumption and annual growing consumption, the official added. During a press conference, Khattab noted that boosting the capacity is set to depend on using the same amounts of the currently-consumed fuel besides doubling production volume during operation process. The president clarified that GE is currently studying negotiating with Egyptian electricity ministry to seize a number of projects to start executing them within the upcoming period. Khattab pointed out that the Egyptian market is currently attractive to investments in energy and power generating fields. More»
Hisham Ibrahim, Sanaa Allam - 2016-05-26 15:24:29
Exporters division at Federation of Egyptian Chambers of Commerce (FEDCOC) plans boosting Egyptian exports to US$40 billion during the coming five years, Head of the division Sherif El Gabaly said Thursday. The official made these remarks during Export Plus conference held Thursday in which he said that exporting is the main factor behind the success of many growing states' economies notably China, Korea, Brazil, and other states. He added that exporting sector represents a key reason for Egyptian economy's growth besides having direct and indirect benefits such as increasing state's resources of hard currency, boosting operation and capacity, in addition to improving the quality of the Egyptian product. El Gabaly noted that an Egyptian-Lebanese company has been established to enhance Egyptian exports to Africa as well as conducting a study for trade ministry to establish logistics centres in a lot of African states to increase Egyptian products' presence there. More»
Hisham Ibrahim, Sanaa Allam - 2016-05-26 14:26:53
Italian kitchen products manufacturer Bertazzoni-Italia is to pump investments of €55 million to establish cookers factory in Egypt, Trade Minister Tarek Qabil stated Wednesday.  Qabil said that the factory is a significant addition to the home appliance industry in Egypt since the project comes in line with ministry's strategy to deepen national industry through boosting the volume of local component in manufacturing process. The minister made remarks during his meeting with company's Chairman Paolo Bertazzoni in the attendance of CEO of ElAraby Group Mohamed El-Araby.He said the new factory’s construction will begin in August of next year and it will provide nearly 1,000 direct jobs. A total of 50 per cent of the new factory will be allocated for exporting to all markets, especially those associated with Egypt through free trade area (FTA) agreements, such as Africa, Europe, and the Middle East. More»
Amwal Al Ghad English - 2016-05-26 09:55:47
Orascom Construction posted a first quarter net profit of $23 million, up significantly from $5.8 million a year ago. The group said it signed new contracts amounting to $510 million in Egypt, Algeria and the United States in the first quarter. It reported EBITDA of $48.8 million in the first quarter. More»
Amwal Al Ghad English - 2016-05-26 08:15:33
Egypt may lose 10% to 20% of its overall wheat supplies due to inadequate infrastructure along the supply chain, according to the European Bank for Reconstruction and Development (EBRD). During a conference entitled “Securing the future of Baladi bread” held on Wednesday, the participants assured that Egypt is Africa’s largest grain producer and the world’s biggest importer of foreign-grown grains. Baladi bread is typical Egyptian flatbread that is a staple for Egypt’s fast-growing population. EBRD Director for Agribusiness Gilles Mettetal said that developing key logistical and storage infrastructure could be a turning point in improving import efficiency in Egypt’s grain sector. Mettetal said the government and the private sector can achieve this if there is strong willingness to move towards a more liberalised market to boost private investment and competitiveness. He added that the bread industry is also hampered by complex tender procedures and inspection requirements that increase the cost of Egyptian grain imports. An economist at FAO’s Investment Centre, Dmitry Prikhodko, agreed with Mettetal in this regard, saying that streamlining tender procedures, greater transparency, and consultation in the application of phytosanitary measures in line with international practice will greatly contribute to the efficiency of the grain supply chain and could eventually lead to important savings for Egyptian consumers. FAO Assistant Director-General and Regional Representative for the Near East and North Africa Abdessalam Ould Ahmed said that Egypt is aware of the importance of wheat as a strategic food item. Ould Ahmed added that FAO is doing its part in offering the technical expertise to reduce loss and waste in the value chain, and in introducing water-saving techniques in irrigation. The conference was hosted by the Food and Agriculture Organization of the United Nations (FAO) and EBRD and brought together representatives from both the private and public sectors. More»
Hisham Ibrahim, Sanaa Allam - 2016-05-25 15:03:07
Egypt and China signed Tuesday a framework agreement on executive steps of establishing a zone for textile industries in Egyptian governorate Minya. The agreement was signed between Egyptian Textile Industries Council and China National Textile and Apparel Council (CNTAC). Qabil asserted that establishing a comprehensive zone for textiles is an important step for Egypt to get its leading position in Middle East and North Africa back since it owns potentials and wide expertise in weaving and textile field. The minister made these remarks during his meeting with a delegation of Chinese businessmen headed by CNTAC's Vice-President, Gao Yong. During the meeting, the Chinese mission and Qabil showcased means of enhancing bilateral cooperation between Egypt and China in textile field as well as future visions for such important industry in Egypt. Building the new zone is set to participate directly in achieving strategy of trade ministry to develop textile industry in Egypt besides enhancing the process of economic and social development by attracting more local and foreign investments. Minister Qabil added that the ministry agreed with Minya governor to allocate around 1.2 million square meters to establish the zone. He noted that the Egyptian government is paying a great attention for this large project and committed to support it. Textile industries contribute 3 percent to Egypt's GDP and accommodate around 1.2 million workers and engineers, i.e. 30 percent of industrial labour in Egypt, the minister said, clarifying that textile industries seize 16 percent of Egypt's non-petroleum exports with US$2.6 billion. On other side, Yong stated that the visit of the Chinese mission to Egypt targets boosting mutual cooperation between two countries in textiles field as Chinese firms keen on expanding its works. Hence, Chinese investments in Egypt's textile market are expected to increase. More»
Hisham Ibrahim, Sanaa Allam - 2016-05-25 12:57:43
Egyptian trade and industry ministry targets achieving industrial growth rate of 8 percent beside lowering state's deficit in trade balance by 40 percent until 2020, Minister Tarek Qabil said Tuesday. The ministry also plans to increase the participation of industry sector in Egypt's GDP to 21 percent until 2020, Qabil stated. The minister made these remarks during his meeting with members of industrial committee at the Egyptian parliament. He pointed out that ministry's strategy aims at creating 3 million new job opportunities in addition to boosting Egyptian exports by 100 percent annually. This strategy comes as pursuant to Egypt's Sustainable Development Strategy: 2030 Vision, the minister clarified. Trade ministry is currently improving a future vision for the coming five years to upgrade both industrial and trade sector. Qabil noted that the ministry has urgent plan that includes improving trade and industry climate in line with drawing necessary plans for investment, trade, and industrial reformation so as to start executing them before the end of current fiscal year. The ministry targets achieving its plans through solving problems that face investors and exporters in addition to developing trade and industry climate, introducing legislations necessary for industrial reformation, restructuring trade ministry, and stopping the decline in exports volume. More»