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

Amwal Al Ghad English - 2017-04-27 12:37:30
Europe's Airbus reported on Thursday a steeper than expected 52 percent drop in first-quarter profit, weighed by weaker prices as it changes to new models and higher production costs, but reaffirmed targets for higher profits for the year. The world's second-largest planemaker after Boeing said adjusted operating profit fell to 240 million euros ($261.7 million), while revenues rose 7 percent to 12.988 billion euros. Analysts were on average expecting adjusted operating income of 344 million euros, down 31 percent, and 5.5 percent higher revenues of 12.857 billion, according to a Reuters poll. Airbus said it was still worried about problems with temperamental engines for its new A320neo passenger plane from Pratt & Whitney, and commercial exposure on the troubled A400M military aircraft program. It expects deliveries of the A320neo once again to fall predominantly in the latter part of the year, but has said it hopes to avoid the last-minute rush seen in December last year. The engine issues "need to be resolved," Airbus said in a statement. The Airbus planemaking business saw 31 percent lower profit despite a 13 percent rise in revenues. The Toulouse-based firm said this reflected a different mix of aircraft, with more of the new A350s delivered in the first quarter, "transition pricing" and higher production ramp-up costs. New aircraft tend to be sold at heavier discounts to spur further orders. The Airbus Helicopters unit slipped into loss as the world's largest commercial helicopter maker continues to suffer from the grounding of aircraft in UK and Norway, following a crash that killed North Sea oil workers. For 2017, Airbus expects to deliver over 720 aircraft and to report mid-single-digit percentage growth in operating income. Airbus' results came a day after Boeing reported a 19 percent rise in first-quarter profit, with its U.S rival also lifting its full-year forecast. More»
Amwal Al Ghad English - 2017-04-27 12:01:54
Egypt's top cigarette maker Eastern Company said on Thursday it plans to launch new cigarette brand 'Cleopatra box gold' at a consumer price of 12.75 Egyptian pounds ($0.706). Eastern Company’s remarks were made in a bourse filling. More»
Mahmoud Shaaban - 2017-04-26 12:57:50
Egypt is studying to establish joint natural gas projects with Romania in the coming period, Egyptian Oil Minister Tarek el-Molla said on Wednesday. The Egyptian minister made these remarks during his meeting with Romanian ambassador to Cairo, Mihai Ștefan Stuparu on Wednesday to explore possibilities of having joint projects in oil, natural gas, and mineral projects. More»
Amwal Al Ghad English - 2017-04-26 12:21:38
US-based global management consulting firm McKinsey & Co has concluded a competitiveness study on the Suez Canal economic zone, chairman of the economic zone authority (SCZone) announced Wednesday. Started earlier in January this year, the study assessed the competitiveness of the Suez Canal economic zone in comparison to other economic zones worldwide, SCZone chairman Ahmed Darwish further said. More»
Amwal Al Ghad English - 2017-04-26 11:27:06
Egypt’s long-awaited new investment law is expected to be issued in May, the country’s Prime Minister Sherif Ismail announced at a youth conference Wednesday. The new law will focus on the diversification of incentives and guarantees for investors. Egypt is trying to recover economically after a popular uprising in 2011 drove away tourists and foreign investors, key sources of hard currency. The government first approved an investment law in March 2015 aimed at bolstering investor confidence, eliminating bureaucracy, easing the procedures to obtain licences for projects and attracting foreign investment. More»
Amwal Al Ghad English - 2017-04-25 22:00:00
Global cross-border mergers and acquisitions activity continued to dip as political turbulence and economic uncertainty become the new normal for dealmakers, while deal flow in the Middle East remained stable, according to Baker McKenzie's Cross-Border M&A Index. The global Index, which tracks quarterly deal activity using a baseline score of 100, decreased to 218 for Q1 2017, down 17% from the prior quarter and 9% from Q1 2016. In Q1 2017, cross-border M&A made up 49% of all deal value and 35% of all deal volume. North America was a safe haven for deals in Q1 2017, and the US accounted for 94% of inbound deal value in the region. The fallout from Brexit and a series of contentious election campaigns hit EU inbound M&A activity in Q1 2017, as EU targets accounted for only 17% of cross regional deal value, compared to an average of 35% since 2009. The consumer sector led the way for deal value in Q1 2017 with 142 deals valued at US$113.3 billion, while the technology sector led deal volume with 182 deals valued at US$14.9 billion. Energy and utilities, and pharma were the second and third highest sectors in terms of value, contributing US$51.4 billion and US$49.1 billion respectively. More»
Enas Shaaban & Sanaa Allam - 2017-04-25 13:50:15
Egypt-based biscuit maker Bisco Misr Company says it is planning to increase its exports by 50 percent to 100 million Egyptian pounds ($5.5 million) within 2017. In 2016, exports stood at 5 million pounds, Mohamed Gamal, Bisco Misr's Marketing Production and Quality Manager, said on Tuesday. "We export our production to all Arab countries as well as France, England, Spain, Canada, and Australia," Gamal told Amwal Al Ghad. The Egyptian official further added that Bisco Misr is also targeting a substantial business expansion into the African markets in the coming period. In addition, Gamal stated that Bisco Misr seeks to boost its sales by 30 percent in the local market to reach one billion pounds within the current year, compared with 700 million pounds in 2016.In the holy month of Ramadan, Bisco Misr targets a 20 percent growth in the sales. The Egyptian company has earlier achieved sales estimated at 50 million pounds last year. More»
Al Zahraa Mostafa - 2017-04-25 11:52:36
Egypt has held a long-awaited international tender for the refurbishment of the country’s largest public companies, Egyptian Iron and Steel Company (HADISOLB), the company announced Monday. Submission of bids will be until July 18th, 2017, HADISOLB added. HADISOLB refurbishment plan includes a financial reform by increasing its capital through loans or current shareholders, and technical restructuring to outline the company’s upgrading production needs. Egyptian Minister of Public Sector Affairs Ashraf El-Sharkawy said earlier that the government had completed the first phase of HADISOLB’s financial restructuring process by increasing its capital on April 11th. “2017 will be the year of restructuring the country’s iron and steel as well as textile and spinning sectors.” El-Sharkawy added. HADISOLB, which was founded in the 1950s, for decades was considered the crown jewel of Egyptian heavy industry. In the 1990s, however, the industry was opened to the private sector which gradually built up a controlling share of the market, and whose firms proved more efficient than HADISOLB. Moreover, years of mismanagement crippled the company's performance and left behind huge financial problems. More»
Enas Shaaban & Sanaa Allam - 2017-04-23 14:56:04
Chinese yeast manufacturer Angel Yeast Company is planning to invest around $40 million to establish a new yeast extract plant in Beni Suef industrial area in Egypt. The company already has a plant for yeast production in Beni Suef, with investments worth $80 million, said Ahmed Azazy, head of sales at Angel Yeast Egypt, on the sidelines of a food event in Cairo on Sunday. The volume of exports from Angel Yeast’s production in Egypt amounts to $65 million, Azazy added, saying the company plans to reach $75 million this year. The new plant will be creating hundreds of job opportunities for Egyptians, he said. Angel Yeast Co., Ltd, founded in 1986, is a listed high-tech yeast company in China, which is specialised in the production of yeast and yeast derivatives. Angel Yeast has 10 international advanced production bases in China, Egypt, and Russia. More»
Hisham Ibrahim & Sanaa Allam - 2017-04-23 14:31:20
Egypt’s trade exchange with Saudi Arabia had amounted to around $4.3 billion during 2016, Egyptian trade minister Tarek Qabil said Sunday. Egypt mainly exports to the Saudi kingdom iron and steel, agricultural products, fruit, dairy products, cables, and electrical devices, while it imports petroleum and chemical products, Qabil added. Saudi Arabia tops the list of Arab investors in Egypt, with investments worth more than $6 billion through 3,421 projects in sectors of manufacturing, services, construction, housing, information technology, communications, agriculture, tourism, and transportation, the Egyptian minister stated. Meanwhile, Egypt’s investments in Saudi Arabia amount to $2.5 billion approximately through 1,300 projects in sectors of construction, communications, healthcare, and manufacturing, Qabil said. More»