amwalalghad :: Industry & Trade

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Canal Shipping Agencies   7.39        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        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        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        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 - 2018-03-01 11:37:52
Egyptian President Abdel Fatah al-Sisi ordered, during the inauguration of the first phase of Alamein new city of to finish the procedures of the insurance policies for temporary and seasonal workers "daily workers" within 15 days. Sisi further called on the Armed Forces Engineering Authority, and the Ministry of Housing to obligate the companies working with them to provide their temporary employees with insurance within 15 days. Prime Minister Sherif Ismail affirmed that Aman insurance certificate for temporary employment has no procedures or administrative documents, adding that it is worth LE 500 and can be doubled until it reaches LE 2500. Ismail clarified that Aman certificate’s monthly installment starts from LE 4 and its highest monthly installment is LE 20 with a benefit period of 5 years or 10 years. More»
Sana Allam - 2018-03-01 10:42:23
The ninth exhibition of metal and steel  along with Batimat and Egypt Project Summit have kicked of today , held at Cairo International Convention & Exhibition centre (CICC) in the Egypt from 01 to 04 March 2018. The two exhibitions will be inaugurated by Ahmed Abdel Razek the head of Industrial Development Authority on behalf of the minister of industry and Trade, Tarek Qabil. Metal & Steel Exhibition is One of the most specialized events in the Middle East and North Africa Region (MENA). Metal & Steel 2018, the Middle East's largest trade show for the metal working, Metal & Steel 2018 is an exclusive exhibition that will bring together the leading names in the metal & steel industry from home and abroad. BATIMAT is a leading show in the building industry in Europe and West Africa. All the decision makers meet the contractors to choose their partners and find products/services for the buildings of today and tomorrow. More»
Amwal Al Ghad English - 2018-03-01 06:09:07
Egypt will maintain its current customs exchange rate of 16 Egyptian pounds per 1 US dollar, effective until the end of March. In an official statement on Tuesday, the finance ministry said the decision to maintain the customs exchange rate from previous months was due to a stabilization of currency price. “This comes as part of a plan by the finance ministry in the past period to set the currency exchange rate in light of the stability witnessed by the Egyptian economy,” the statement read. In January 2018, Egypt kept its customs exchange rate at 16 pounds per US dollar, a figure which had been maintained for the last five months of 2017. Egypt began setting a monthly customs exchange rate in January 2017, following the flotation of its currency in November 2016. The Egyptian pound has remained roughly at the same level in recent months, trading at around 17.63 pounds to the dollar on Tuesday. More»
Hisham Ibrahim, Sanaa Allam - 2018-02-28 14:34:52
The next period will witness coordination between the Egyptian and Nigerian ministry of industry and trade to establish the Egyptian-Nigerian business council according to the minister of Industry and Trade, Tarek Qabil. He added that a memorandum of understanding would be signed to identify the council tasks and its role in strengthening  the commercial and investment relations. Egypt and Nigeria  has agreed on forming a joint business council for developing commercial and investment relations between the two countries, especially that Nigeria has big investments in the Egyptian market in the felids of Power inverters and communication services. More»
Amwal Al Ghad English - 2018-02-28 12:53:38
Egypt’s El Sewedy Electricity Holding Company (EEHC) unveiled Wednesday that its profits jumped to 6.4 billion Egyptian pounds ($363.1 million) in 2017 from 3.9 billion pounds in 2016. During the three months ended in September 2017, profits rose to 1.56 billion pounds, compared with 746.6 million pounds during the same period in 2016. More»
Amwal Al Ghad English - 2018-02-28 12:50:08
Profits of Egypt’s snack food maker Edita increased by 44.5 percent, reaching 243 million Egyptian pounds ($13.8 million) during 2017, according to a bourse filling on Tuesday. Earlier, profits stood at 168.17 million pounds during 2016. The company made sales estimated at 3 billion pounds last year up from 2.5 billion pounds a year earlier. During the third quarter of 2017, profits jumped by 43 percent to 74.11 million pounds, compared with 51.75 million pounds during the same period in 2016. More»
Mahmoud Shabaan - 2018-02-27 14:18:35
The law regulating the gas market is supporting Egypt’s strategic goal of becoming a regional energy hub, Petroleum Minister Tarek el-Molla said in a statement on Tuesday. This came during the first meeting of the board of directors of the gas regulatory authority headed by Molla. He said that the law regulates gas activities in the Egyptian market and will encourage private sector investment, that will help Egypt utilize its infrastructure and play a significant role in gas trade regionally and globally. Molla said that the new authority was established under Law no. 196/2017 regulating the gas market and its executive regulations, which was issued this month. He added that the meeting discussed the authority’s tasks that include the issuance, renewal, cancelation of gas permits and preparing the rules for using the state’s gas infrastructure, among others. More»
Hisham Ibrahim, Sanaa Allam - 2018-02-27 12:47:17
The investments in food industries sector has reached 500 million Egyptian pounds by the end of  2017 according to Minister of Industry and Foreign Trade Tarek Qabil. The minister added that food industry is one of the most important industrial sectors in the Egyptian economy. The minister expected the sector's growth rate to increase between 8 percent and 10 percent by the end of 2018, referring that food industries exports have registered $2.8 billion by the end of 2017. This came at the inauguration of the first phase of the expansion of Mars Wirgley Egypt's factory in the 6th of October factory, with two new production lines worth 750 million pounds. The minister further noted to Egypt's conduction of several trading agreements with different countries and international economic conglomerates like the Arab countries, COMESA, European Union, Turkey and Agadir, providing success to numerous promising markets. More»
Hisham Ibrahim, Sanaa Allam - 2018-02-27 12:22:31
The Minister of Industry And Trade inaugurates Mars Egypt factory expansion today with investments worth 750 million Egyptian pounds. The company seeks double its investment in the country to 2 billion Egyptian pounds by the end of 2018, said president of Mars Wrigley Confectionery, Martin Radvan. He added Mars expansions “reflects confidence in the Egyptian economy and our commitment is firm towards the Egyptian market." Mars regional president for AMEA region, Ehab Abu Oaf said that the latest expansion will result in doubling Mars' exports from Egypt to $100 million by the end of 2018, where 80-90 percent of the production will be directed to export. He added that the new expansions  will provide 190 direct job opportunities, in addition to hundreds of indirect jobs. Mars Egypt exports to more than 20 countries, reaching Australia, Africa, MENA and Europe. More»
Amwal Al Ghad English - 2018-02-27 11:57:30
The United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) revealed on Tuesday, as the country's shale oil boom continues to upend global markets. IEA Executive Director Fatih Birol said at an event in Tokyo the United States would overtake Russia as the biggest crude oil producer "definitely next year", if not this year. "U.S. shale growth is very strong, the pace is very strong ... The United States will become the No.1 oil producer sometime very soon," he told Reuters separately. U.S. crude oil output rose above 10 million barrels per day (bpd) late last year for the first time since the 1970s, overtaking top oil exporter Saudi Arabia. The U.S. Energy Information Administration said early this month that U.S. output would exceed 11 million bpd by late 2018. That would take it past top producer Russia, which pumps just below that mark. Birol said he did not see U.S. oil production peaking before 2020, and that he did not expect a decline in the next four to five years. The soaring U.S. production is upending global oil markets, coming at a time when other major producers — including Russia and members of the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) — have been withholding output to prop up prices. U.S. oil is also increasingly being exported, including to the world's biggest and fastest growing markets in Asia, eating away at OPEC and Russian market share. Meanwhile, U.S. net imports of crude oil fell last week by 1.6 million bpd to 4.98 million bpd, the lowest level since the EIA started recording the data in 2001, reflecting further erosion in a market OPEC has been relying on for decades. Birol said production growth was not just strong in the United States. "Canada, especially the oil sands, and Brazilian offshore projects. These are the two major (non-U.S.) drivers," he said. On the demand side, Birol said the IEA expected growth of around 1.4 million bpd in 2018. More»