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        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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

Sanaa Allam - 2016-07-23 13:59:51
Egyptian Export Council for Handicrafts (EECH) plans boosting sector's exports to around US$1 billion over the coming five years, an official at the council stated Saturday. Hisham El Gazzar noted that EECH is organising the International Handicrafts Show from 16th to 24th of November 2016 in cooperation with Chamber of Handicrafts at Federation of Egyptian Industries (FEI), Egyptian Exporters Association- Expolink, and  Al-Ahram Advertising Agency. El Gazzar added that the Show is set to witness holding joint meetings between Egyptian and foreign firms to sign export deals. The official stated that the council would discuss obstacles facing Egyptian  products to enter foreign markets besides exerting efforts to remove them within the upcoming period. Head of handicrafts chamber, Mosaad Omran noted that around 120 firms working in handicrafts sector are set to participate in the show . Around 14 European, African, Arab, and Asian states are expected to take part in the International Handicrafts Show, the head pointed out. Moreover, he stated that the chamber has a strategy to upgrade and develop handicrafts sector within the coming period. The strategy includes training workers in different workshops, using foreign expertise to upgrade the designs of those workshops, in addition to registering those workshops. More»
Sanaa Allam - 2016-07-23 12:33:55
Egyptian home appliances retailer B.Tech signed Thursday a strategic partnership with British private equity fund Development Partners International (DPI) worth 300 million Egyptian pounds (US$33.7 million). The partnership targets funding B.Tech's strategy to grow its business in Egypt. With over US$1 billion assets under management, DPI is a leading private equity firm that invests across the African continent in companies benefiting from the fast-growing emerging middle class. B.TECH -established in 1997- is the largest retailer for home appliances and consumer electronics in Egypt. Chairman and CEO of B.Tech, Mahmoud Khattab stated that “B.TECH has grown over the last ten years to be the leading household appliances and consumer electronics retailer in Egypt with a distribution platform that is second to none." He added "B.Tech’s unique integrated business model offers a strong value proposition to its customers in terms of range of products, affordability and accessibility across the country both offline and online. " About the partnership, chairman Khattab clarified that it highlights the growth potential of B.TECH in Egypt and Africa. Matouk Bassiouny and Norton Rose Fulbright LLP acted as legal counsel to DPI on the transaction while B.Tech was advised by EFG Hermes, Zulficar & Partners and White & Case on the transaction. On other side, CEO and co-founder of DPI, Runa Alam said that B.Tech is DPI's first investment in Egypt that has a proven track record in serving the needs of the emerging and established middle classes. "We believe the shift from traditional towards organised retail and the increasing formation of new households will support increasing consumption of durables and open new markets and channels for the business.”, the official noted. More»
Amwal Al Ghad English - 2016-07-23 08:37:20
French cosmetics firm L'Oréal SA said Friday it would acquire U.S.-based IT Cosmetics in a cash deal worth $1.2 billion. L'Oréal, home to brands including Lancôme, Garnier and Kiehl's, will add IT Cosmetics's stable of over 300 beauty products. For the 12 months ended in June, IT Cosmetics posted net sales of $182 million, a 56% rise compared with a year ago, according to L'Oréal. IT Cosmetics products are available on shopping channels including QVC and TSC, specialty retailers such as Ulta Salon Cosmetics & Fragrance Inc.'s stores and LVMH Moët Hennessy Louis Vuitton SE's Sephora locations and the brand's website. After the completion of the deal, IT Cosmetics is slated to become part of L'Oréal's Luxe division and will continue to operate out of its Jersey City, N.J., headquarters under its current leadership. The closing of the transaction is subject to regulatory approval. L'Oréal registered first-quarter sales growth of only 1.7% as the strengthening euro curbed higher revenues in emerging markets. But the company's Luxe division -- which includes brands such as Yves Saint Laurent, Ralph Lauren and Giorgio Armani -- increased 4.4%, the biggest jump among its business divisions. More»
Amwal Al Ghad English - 2016-07-23 08:05:43
Fiat Chrysler Automobiles NV (FCHA.MI) said on Friday it is recalling nearly 410,000 vehicles worldwide because of a defect that can lead to a loss of propulsion. The automaker said it will update software and replace wire harnesses to address the electronic issue that appears in a small number of vehicles. The recall includes 2015 model Chrysler 200 midsize sedans, Ram ProMaster City small vans, Jeep Renegade and Cherokee SUVs and some 2014 Cherokees. The recall includes about 323,000 vehicles in the United States, 35,500 in Canada and about 51,000 elsewhere. Fiat Chrysler said there were no reports of injuries or crashes related to the defect. The automaker did not disclose a schedule for when recall repairs will begin. The automaker said if owners suffer a loss of propulsion, the issue can typically be temporarily resolved by stopping the vehicle and re-starting the engine. More»
Sanaa Allam - 2016-07-21 14:48:57
Egypt's glass exports recorded 502.13 million Egyptian pounds (US$56.5million) during January-May 2016 compared to 453.9 million pounds at the same period of 2015, registering 11percent increase. According to the latest report released by Egyptian Chemical and Fertilizers Export Council (CEC) on Thursday, ten firms seized 68.8 percent of the total exports volume with exports estimated at 345.55 million pounds. Misr Glass Manufacturing Company S.A.E (MGM) was the largest glass exporter that captured 28 percent of the total volume with exports estimated at 98.4 million pounds, followed by Asfour Crystal whose exports recorded 69.2 million pounds, getting 20 percent of the total volume. The report stated that ten states captured 64.1 percent of Egypt's total glass exports during the first five months of 2016 with exports worth 321.7 million pounds. Sudan was the largest importer of Egyptian glass products with imports worth  69.9 million pounds, getting 22 percent of the total volume, followed by Lebanon whose imports hit 59.6 million pounds, capturing 19 percent of the total exports. The report further stated that Morocco imported Egyptian glass products estimated at 45.9 million, while Algeria imported glass products worth 34.8 million pounds. Additionally,  Turkey's imports of Egyptian glass products reached 27.7 million pounds. More»
Amwal Al Ghad English - 2016-07-21 14:19:06
A new report has identified Egypt as one of the “10 emerging markets of the future” though its food industry is predicted to see a dramatic change in fortunes as part of an overall predicted slump in its primary industries over the next five years. The paper, by BMI Research, reveals that Egypt and nine other countries will cumulatively add US$4.3tr to global GDP by 2025, becoming new drivers of economic growth. Alongside Egypt, BMI’s report of fellow tiger markets includes Bangladesh, Ethiopia, Indonesia, Kenya, Myanmar, Nigeria, Pakistan, Philippines, and Vietnam. In Egypt, BMI expects increased investment in food, as well as housing and manufacturing. It lists fruits and vegetables among the country’s key exports, and cites how a fall in the value of the Egyptian pound has significantly boosted the overall manufacturing sector’s competitiveness. More»
Amwal Al Ghad English - 2016-07-21 14:02:30
Egypt's Alexandria Business Association (ABA) signed a cooperation protocol with UK on enhancing vocational training, ABA Chairman, Marwan El-Sammak stated Thursday. The protocol was signed during the meeting of ABA with UK's Trade Envoy to Egypt, Jeffrey Donaldson to discuss attracting British investments to Alexandria. Donaldson and British Ambassador to Cairo John Casson met Sunday with Egyptian Prime Minister Sherief Ismail to enhance UK-Egyptian trade deals with up to £500m in financing or insurance, money. More»
Sanaa Allam - 2016-07-21 13:12:45
Egyptian non-petroleum exports hiked by 4 percent during the first five months of 2016 to US$8.5 billion from US$8.2 billion at the same period of 2015. Executive Director of Egypt's Chemical Export Council (CEC), Ahmed Hendi stated Wednesday that the latest report of General Organization For Export & Import Control (GOEIC) showed that building materials sector led the list of largest exporters during January-May 2016. The total exports of building materials sector reached US$1.8 billion in January-May 2016 versus US$1.4 billion a year earlier, marking 26 percent increase. Hendi added that the exports of chemical industries sector recorded US$1.237 billion during the first five months of  2016 opposed to US$1.198 billion  at the same period of 2015, registering 3 percent increase. The report also showed that agricultural exports recorded a 6 percent growth by the end of May 2016 since exports volume increased to US$1.2 billion from US1.1 billion in May 2015. Meanwhile, exports of food industries sector hit US$1.179 billion in January-May 2016 compared to US$1.178 billion, making a 0.1 percent growth rate. On other side, exports of handicrafts sector declined by 12 percent to US$625 million at the end of May 2016 from US$552 million, while ready-made cloths sector achieved exports estimated at US$496 million opposed to US$591 million, marking 16 percent drop. The report showed that exports of textile sector sagged by 8 percent from US$491 million to US$349 million during the first five months of 2016. More»
Hisham Ibrahim - 2016-07-21 11:47:17
Egyptian dairy producer Juhayna For Food Industries plans to raise sales volume by 20 percent to hit five billion Egyptian pounds (US$562.7 million) by the end of 2016. Deputy CEO Seif El Din Thabet told Amwal Al Ghad Wednesday that Juhayna is currently operating with the capacity of 4,000 tonnes per day after the expansions it made in production lines. The expansions included adding around six lines for juice and yoghurt before the Holy month of Ramadan, the official clarified. Thabet added that Juhayna plans to add more three production lines in dairy sector before the end of 2016, noting that the group exerts efforts to conduct its expansion and investment plan in the Egyptian market. More»
Hisham Ibrahim, Sanaa Allam - 2016-07-21 10:58:43
Indian TCI Sanmar Chemicals Group intends to pump new investments of US$280 million into the Egyptian market to boost its production of polyvinyl chloride (PVC) from 200,000 to 400,000 tonnes. Egyptian Trade and Industry Minister Tarek Qabil stated Wednesday that the rise in firm's production is set to participate in saving US$400 million of PVC importing bill. He made these remarks during his meeting with Sanmar Group Chairman, PS Jayaraman in which two sides showcased the current joint projects in Port Said industrial zone and the projects that the company intends to execute within the upcoming period. Sanmar Group is the largest investing firm in the Egyptian market in chemicals field that acquired the petrochemicals plant TCI in 2007 and plans to turn it to the largest integrated producers of caustic soda and PVC in the Middle East and North Africa region. Qabil added that company's investments in Egypt hiked from US$1.15 billion to US$1.3 billion. The meeting discussed the first phase of establishing a project for producing sodium hydroxide and PVC in Port Said with the capacity of 180,000 tonnes of sodium hydroxide and 200,000 tonnes of PVC. Jayaraman and Qabil showcased the future projects of Sanmar Group that targets producing 200,000 tonnes of PVC per year in addition to two projects for producing calcium chloride with capacity estimated at 130,000 tonnes annually. Around 60 percent of Sanmar Group's products are exported while the other 40 percent are dedicated for the local markets. Qabil noted that the rise in Sanmar's production of PVC would participate in lowering the large amount of state's current imports since the new production is set to be allocated for the local market. On other side, Jayaraman stated that Sanmar Group is the largest firm in Egypt, Middle East, and North Africa as it provides 2,000 direct and indirect job opportunities besides issuing products in the Egyptian market that worth around 2 billion pounds. He noted that the products of the group are used in different productive sectors notably agricultural, health care, construction, infrastructure, automotive ones. More»