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        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        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        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        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

Amwal Al Ghad English - 2017-03-23 13:38:11
Egypt's National Railways Authority reported a 17.5 percent increase in revenues to reach 304.9 million Egyptian pounds ($16.6 million) during the last two months. Earlier, the revenues stood at 259.4 million pounds during the same period in 2016.Revenues rose 11.2 percent to 140.8 million pounds during February, compared with 126.6 million pounds during the same month in 2016, the country's state-run statistics agency CAPMAS said Wednesday in its latest bulletin. More»
Amwal Al Ghad English - 2017-03-23 12:20:15
China-based TBEA and the Egyptian Orascom have won the tenders for implementing transformers’ substations and civil works for the 650 MW Walideya power plant  in Assiut, a report said. TBEA will be awarded a contract worth 94.860 million Egyptian pounds ($5.22 million) for the substations, while Orascom will sign a contract over 1.25 million pounds for the civil works, reported Daily News Egypt, citing sources at the state-run Upper Egypt Electricity Production Company (UEEPC). The sources noted that the proposals for another tender for pumps are being evaluated, including those from Mitsubishi and KSB. The total value of that tender is estimated at €16.3 million ($17.6 million). The project, which comes within the 2012-2017 five-year plan, is composed of a steam turbine with a capacity of 650 MW, condensers, generators, and other facilities. The plant works through a steam boiler with supercritical pressure, fuelled by natural gas and fuel oil. The output energy will be linked to the main station in Assiut with a voltage of 500 KV. Upper Egypt Electricity Production Company’s (UEEPC) CEO, Ibrahim El-Shahat was quoted as saying that the total cost of the power plant amounts to 5 billion pounds. More»
Islam Salah, Mohamed Hamdy & Islam Abdelhameed - 2017-03-21 18:40:40
The Egyptian parliament is expected to approved the long-awaited new investment law between one week and ten days, said head of the economic committee Aly El-Gohary said Tuesday. The new law will focus on the diversification of incentives and guarantees for investors. The government first approved an investment law in March 2015 and later amended it in December. The new law aims to bolster investor confidence, eliminate bureaucracy, ease the procedures to obtain licences for projects and attract foreign investment. Egypt is trying to revive its economy and attract foreign investment and the new investment law is expected to tackle bureaucracy and ease procedures to obtain licences and start new businesses. Egypt hopes to receive foreign direct investments (FDI) of $10 billion in financial year 2016/2017, the former minister of investment, Dalia Khorshid said in earlier statement. More»
Amwal Al Ghad English - 2017-03-21 15:15:11
A trading unit of top Russia’s oil producer Rosneft has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the state-run Egyptian Natural Gas Holding Company this year. The first delivery by Rosneft Trading SA (RTSA) is expected in May, Rosneft said. "This agreement will help to further strengthen the strategic partnership between Rosneft and Egypt in an important area of energy security," the company said. RTSA delivered three LNG cargoes to Egypt in 2016. Once an energy exporter, Egypt has become a net importer because of declining oil and gas production and increasing consumption. It is trying to speed up production at recent discoveries to fill its energy gap as soon as possible. Rosneft does not produce its own LNG yet but plans to launch production jointly with ExxonMobil later this decade. The company declined to comment on the sourcing of the LNG cargoes for Egypt. More»
Hisham Ibrahim - 2017-03-20 18:02:44
The General Authority for Suez Canal Economic Zone’s (SCZone) and the ASEC-Capital alliance, which includes prominent Saudi, UAE, Egyptian, and Lebanese companies, is expected to sign a final agreement by end of this March. After signing the agreement, the alliance is expected to receive a land, at space of around six square kilometres, for the development of six million square metres in the industrial zone in the Suez area, official sources in SCZone told Amwal Al Ghad on Monday. The SCZone is currently reviewing all the technical studies on the anticipated projects the alliance plans to carry out in the coming period, the sources added. ASEC-Capital alliance, which includes prominent Saudi companies like Al Hokair Group and Al Muhaidib Contracting Company, along with firms from the UAE, Egypt and Lebanon. The alliance aims to develop an integrated business city, some 120 factories for building materials, food industries, and automotive, along with a logistics zone, with investments worth $3.3 billion. The total infrastructure investments in the alliance’s project are estimated at $300 million. More»
Amwal Al Ghad English - 2017-03-20 08:18:19
The costs of high oil import led to opening the cultivation of oil crops’ file in Egypt. Abdul Moneim El-Banna, Egyptian Minister of Agriculture, said Monday his ministry will pay a great deal of attention to oily crops during the coming period to reach a production of 25 percent of oil needs in the local market. Agricultural experts and investors are betting on expanding in the cultivation of oil crops- such as olive, sunflower, corn, and peanuts- to fill the gap between production and consumption and to protect the market from the fluctuation of the global markets and the dollar exchange rate. More»
Amwal Al Ghad English - 2017-03-19 14:41:41
Egypt has received two oil product shipments from Saudi Arabian state oil company Aramco on Friday, Egyptian Petroleum Minister Tarek el-Molla announced Saturday in a phone interview with local television channel CBC. Aramco will send two more oil shipments by end of this March, the minister added, saying that the value of the Saudi shipments would range between $320 million and $340 million per month. There will be a five-year grace period before the Egyptian government would start paying for Aramco shipments, el-Molla stated, saying his country had resumed shipment deal with Saudi Arabia under favourable conditions. Egyptian Petroleum Ministry announced a week earlier that Saudi Aramco would resume oil product shipments to Egypt some six months after halting them suddenly. The ministry said in a statement that it was working with Aramco on a timetable for the resumption of shipments and that the reasons behind the October cut-off were purely commercial. "It was agreed that the Saudi Arabian side would resume Aramco's shipping of oil products as per the commercial contract signed between the Egyptian General Petroleum Corporation and Aramco," the statement said. More»
Sayed Badr - 2017-03-19 13:17:48
The Egyptian government seeks to achieve growth rates by around five percent within financial year 2017/2018, Minister of Planning Hala El-Saeed said Sunday. El-Saeed added that the country is planning to double the growth rates to four percent at the end of next June and between 6 and 6.5 percent within 2020. The Egyptian minister made these remarks earlier during her meeting with journalists. "We target doubling the growth with rated ranging between six and 6.5 percent within 2020," El-Saeed noted.The next financial year will witness an increase in the volumes of government investments in order to create more job opportunities, she confirmed. More»
Amwal Al Ghad English - 2017-03-19 13:14:00
The Egyptian and Iraqi governments seek to increase the volume of joint trade exchange to around $2 billion at the end of 2017, said Iraqi commercial attaché to Cairo Haydar Gabr on Sunday.In 2016, the exchange rates between the two countries exceeded $1.2 billion, Gabr told Amwal Al Ghad. Earlier, the Iraqi official made his remarks on a sideline of the African Business Forum which takes place in Sharm El-Sheikh."A delegation of Egyptian businessmen is set to visit Iraq in the coming period to explore opportunities of boosting trade exchange and promoting investments in Iraq," Gabr noted. Gabr said that Mohamed El Swedy, Chairperson of Federation of Egyptian industries (FEI), will head the delegation. More»
Sanaa Allam - 2017-03-18 15:37:55
Egypt and Japan have signed Saturday a grant agreement worth $154,558 to support smallholder farmers in Dakhla Oasis, 740 km (459.8 miles) from Cairo. Takehiro Kagawa, Japanese Ambassador in Egypt, has signed the agreement with the Egyptian NGO, New Horizon Association for Social Development (NHASD) during the Japan Food Industries Forum, which took place in Cairo. The agreement aims to develop cold chain storages for the agricultural products to help farmers grow rice more sustainably and increase their incomes, NHASD chairman Ali Abdel Aal said. More»