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 - 2018-01-15 07:12:26
Egypt's three state-owned petroleum companies, namely Alexandria Petroleum Company, Assiut Oil Refining (ASORC) and Cairo Oil Refining (CORC), are planning to produce 14.5 million tonnes of petroleum products within the financial year 2018/2019. They also seek to refine around 16 million tonnes of crude within the financial year 2018/2019 to fill satisfy domestic needs from petroleum products. The companies target producing 4.4 million tonnes of diesel, 3.1 million tonnes of gasoline, 216,000 tonnes of butane gas and 800,000 tonnes of jet fuel. The government is supporting state-owned companies working in the refining and petrochemicals sector to boost their production, Egyptian Minister of Petroleum Tarek el-Molla said this month. Egypt produces 4.4 million tonnes of gasoline annually, while it consumes seven million tons. Production of diesel amounts to eight million tonnes, while consumption reaches 14.5 million tonnes. Meanwhile, the country produces 2.1 million tonnes of butane gas, while it consumes 4.3 million tonnes. Egypt covers the gap between production and consumption through importing. Egypt’s Petroleum Ministry aims to increase its annual production of gasoline, diesel, butane gas, and jet fuel by 11.6 million tons in the next four years, at an investment of $8.3 billion, boosting total production to around 28.5 million tonnes, up from the current 16.9 million tonnes. This comes as part of the ministry’s scheme to expand and develop refineries to boost domestic production of petroleum products, with the aim of filling the gap between production and consumption. Under the plan, the ministry targets producing 3.113 million tonnes of gasoline, 6.603 million tons of diesel, 481,000 tonnes of butane gas and some 1.438 million tonnes of jet fuel. Developing the petrochemical industry will result in an improvement in plastics industry, fibers industry and other related industries. More»
Hisham Ibrahim, Sanaa Allam - 2018-01-14 14:41:17
Egyptian steel manufacturer El-Garhy Steel Group says it is working with one of the investment banks on an initial public offering aimed at raising money to accelerate an expansion drive across the country. The company plans to float 25 percent of its shares on the local stock market during the second half of 2018, Gamal El-Garhy told Amwal Al Ghad. The bourse listing is designated to secure an additional liquidity needed to finance the group’s planned expansions and investments, El-Garhy added. The group seeks to boost its production capacity to reach 2.4 million tonnes, El-Garhy said. “We’re keen to pump new investments in the local market to best benefit from the Ministry of Trade’s ongoing decree to impose temporary anti-dumping duties on rebar from China, Turkey, and Ukraine.” More»
Hisham Ibrahim, Sanaa Allam & Fatma Nashaat - 2018-01-14 14:33:25
Thailand has started an investigation into imports of steel sheets from Egypt for possible dumping and subsidisation, said head of the Egyptian Authority for Anti-Dumping announced Sunday. Ibrahim El-Segeiny said the Thai Ministry of Industry had notified the Egyptian Authority for Anti-Dumping of its plans to impose anti-dumping duties on Egyptian steel sheets in the coming period. “This isn’t correct; Egyptian steel sheets don’t capture more than 3 percent of the Thai market after all,” El-Segeiny told Amwal Al Ghad. More»
Amwal Al Ghad English - 2018-01-14 13:42:56
Egypt’s Middle East Glass Manufacturing Company (MEGM) revealed Sunday that it turned into profitability, recording 65 million Egyptian pounds ($3.7 million) during the first nine months of 2017. The company incurred net losses estimated at 103 million pounds during the first nine months of 2016. Standalone losses increased by 21.6 percent during the first nine months of 2017, due to the high cost in sales. Middle East Co.’s losses jumped to 19.76 million pounds, compared with 16.25 million pounds. Sales rose to 317.64 million pounds from 175.45 million pounds. During the second quarter of 2017, the company turned into profits, achieving 1 million pounds versus 25.65 million pounds during the same period a year earlier. More»
Amwal Al Ghad English - 2018-01-14 13:03:41
Egypt’s Memphis Pharmaceuticals and Chemical Industries (MPCI) said Sunday it turned into losses, reaching 18.4 million Egyptian pounds ($1 million) during the first half of financial year 2017/2018. The firm, an affiliate of Holding Company for Pharmaceuticals (Holdipharma), earlier achieved profits stood at 2.4 million pounds during the first half of financial year 2016/2017. Memphis incurred losses to 7.8 million pounds during the three months ended in September 2017, compared with 123,000 during the same period in 2016. More»
Hisham Ibrahim & Sanaa Allam - 2018-01-14 11:14:16
Egypt’s General Print Company for Printing and Packaging Materials seeks to invest 150 million Egyptian pounds ($8.5 million) within the next two years, said Industry and Trade Minister Tarek Qabil on Saturday. Qabil further made his remarks during opening a new production line for the company, with total investments estimated at 100 million pounds. The Egyptian minister has also inaugurated a factory for the production of smart metres in the industrial zone in Sixth of October City, with investments of 50 million pounds. “The company’s annual sales are worth around 150 million pounds and its total annual exports reach 55 million pounds,” Qabil stated, adding that General Print also plans to increase its capital to 250 million pounds within the upcoming two years. “The ministry (Trade and Industry) is keen on developing printing and packaging materials sector, which is one of the most important sectors in the national industries,” Qabil said, elaborating that it serves a number of industries and productive sectors in Egypt. Trade Ministry has established an export council for printing and packaging papers, the Egyptian minister referred, aiming at boosting the sector’s exports to reach $2.5 million within 2020. More»
Hisham Ibrahim, Sanaa Allam - 2018-01-14 09:58:43
Egyptian non-petroleum exports rose by 11-12 percent during 2017, registering $22.4 billion, Minister of Trade and Industry Tarek Qabil said. Qabil  said during his inauguration of el Jiyashi steel factory in Sixth of October city that  seeks increase exports during the upcoming period in order to reduce the trade balance deficit. More»
Amwal Al Ghad English - 2018-01-14 06:54:56
Egypt's Minister of Trade and Industry Tarek Qabil has inaugurated Saturday el Jiyashi steel factory in Sixth of October city with a production capacity of 240,000 tonnes of steel annually. The factory is worth  500 million Egyptian pounds, while 250 million pounds will be pumped to establish a new production line in the coming months, with a production capacity of 360,000 tonnes of steel to reach an overall production capacity of 600,000 tonnes of steel. In press statements during the inauguration, Qabil underlined that the inauguration of the factory is considered to be a strong addition to Egypt's steel production to meet the local market's needs. He underscored his ministry's keenness to develop the manufacture of steel, as it is considered to be a strategic industry to Egypt. More»
Amwal Al Ghad English - 2018-01-14 06:36:56
Egypt rose expectations for targeted economic growth in the current financial year 2017/2018 to between 5.3% and 5.5 percent, according to minister of planning Hala El Said. Forecast growth rate for financial 2018/2019 now stands at 6 percent,the minister said in a press conference on Saturday. The Egyptian government is targeting a 20 percent increase in total investments, as well as reducing inflation rates, El Said further added, as reported by Egypt's state news agency MENA. More»
Amwal Al Ghad English - 2018-01-14 06:23:18
Egypt's Polaris International for Industrial Parks will establish an industrial complex for small and medium-sized enterprises (SMEs) in Sixth of October City, with investments of 250 million Egyptian pounds ($14.1 million). Tunc Ozkan, Polaris's chairman, said Saturday that the new project will contribute in the development of SMEs in Egypt, which are bound to play a positive role in developing Egypt’s exports and providing foreign currency. Polaris General Manger Osman Evren Arikan said that the project will include 56 entities on an area of 56,000 square meters, which will be ready for use once the needed licenses are acquired. He said that these entities could be used in different forms such as factories and depots. Arikan added that the entities are designed to be smart, flexible for expansions and combinations to create larger spaces, which in turn will give owners the chance to expand their projects. He further said that they are designed to be environment-friendly through a system approved by the Ministry of Environment to reduce pollution resulting from factories, adding that the units are equipped with facilities such as water, electricity and modern sewage networks. This is in addition to the project’s infrastructure services that include roads connecting the area with other industrial regions in 6th October City on the outskirts of Cairo. Head of the General Authority for Industrial Development (GAFI) Ahmed Abdel Razek said that GAFI is providing all the facilitations for the start of industrial projects, pointing to that the authority and Trade Ministry‘s initiative to prepare all the needed licenses for SMEs in 30 days only. Abdel Razek added that Polaris has succeeded in developing industrial complexes of various sizes and usage in 6th October City, Suez Canal Economic Zone (SCZone) and Beni Suef. More»