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        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        Universal For Paper and Packag   4.94        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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

Hisham Ibrahim & Sanaa Allam - 2018-01-07 13:57:55
Egypt’s exports of building materials captured 27 percent, representing $5 billion out of total non-petroleum exports in 2016, said Industry and Trade Minister Tarek Qabil on Friday. “The sector (building materials) includes nine industrial sectors; cement, marble, granite, insulating materials, refractory materials, ceramic, sanitary materials, paper weight, and quarry industries,” Qabil further stated. The Egyptian minister added that the strategy of developing building materials sector, which aims at making Egypt a regional centre to produce and export building materials and increase the private sector’s opportunity in the national economy. The strategy focuses on five mega axes, including developing infrastructure and exports, training manpower, and supporting for small and medium-sized enterprises and industrial complexes, Qabil said. More»
Mahmoud Shabaan - 2018-01-07 13:53:13
The total value of Egypt’s fuel imports rose to $601 million during September 2017 from $476 million during the same period in 2016, the country’s state-run statics agency CAPMAS said Thursday. “Crude oil imports fell to $151 million in the same period (September 2016),” CAPMAS further added. The imports of petroleum products dropped to around $284 million, compared with $299 million. “The value of coal imports registered about $34 million versus $22 million, with an increase of $12 million,” the agency stated. Egypt’s Petroleum Ministry targets achieving self-sufficiency of oil products and natural gas within the next two years in conjunction with the entry of new fields and wells into production phase, notably Zohar and northern Alexandria fields, Minister Tarek el-Molla said. “Egypt will be able to achieve the self-sufficiency of oil by 2019,” el-Molla referred. More»
Hisham Ibrahim, Sanaa Allam - 2018-01-07 11:40:51
Trade relations between Egypt and the United Arab Emirates (UAE) is developing significantly in the current period, with the trade balance tilting in favor of Egypt to reach $1.5 billion in 2017, compared to $1.4 billion in 2016, Trade Minister Tarek Qabil said.The minister noted that there is a slight improvement in value of the surplus of the trade balance between the two countries with an increase of 7 percent .UAE is the biggest investor in the Egyptian market with total investments of $6.2 billion in a lot of  production and services sectors.Egyptian exports to the UAE have increased significantly during the first half of 2017, amounting to $1.204 billion, up from $1.126 billion during the same period of 2016, marking a 7 percent increase, according to previous statements by Qabil. "The trade relations between Egypt and UAE witnessed  a remarkable development during the current period" , the minister said. More»
Amwal Al Ghad English - 2018-01-06 08:49:25
China's fears of a financial crisis will spur Beijing to keep the country's growth target in check, a widely followed China expert said Friday. "Their top priority is to prevent a financial crisis, so the government is looking for any pockets (of risk) that might be a trigger," independent economist Andy Xie told CNBC's "Squawk Box." Chinese authorities have been cracking down on money fleeing the country and warning on "gray rhinos," which are risks that could potentially be solved but have been unaddressed so far. More»
Amwal Al Ghad English - 2018-01-06 08:37:14
Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year.The sale of up to 5 percent of Saudi Aramco, expected to go ahead in the second half of 2018, is a centerpiece of Vision 2030, an ambitious reform plan to reduce the dependence of the Saudi economy on oil. The plan is championed by Saudi crown Prince Mohammad bin Salman. The change, which was published in a cabinet decree in the kingdom’s official bulletin on Friday, is a requirement for local companies in Saudi Arabia ahead of listing, a senior Aramco source, who declined to be named, told Reuters. More»
Amwal Al Ghad English - 2018-01-06 08:32:12
Saudi Arabia’s decision to ban imports of Egyptian strawberries due to pesticide residues will go into force as of January 18, the General Organisation for Export and Import Control said Thursday. An official committee is currently conducting an investigation to find out the company, or companies, that were responsible for the decision to bar strawberry exports to Saudi Arabia. In November, an official delegation visited the kingdom to review the decision, but Saudi Arabia has decided to temporarily ban strawberry imports from Egypt. The kingdom had imposed a similar ban on Egyptian strawberries over pesticide residues in July 2017. Saudi Arabia is the largest importer of Egyptian pepper, with its imports reaching 15,000 tons out of Egypt’s total pepper exports that amounted to 23,000 tons last season. Last year, Egypt has faced a series of bans on several agricultural products, such as pepper, lettuce and onion, by Bahrain, Kuwait and the United Arab Emirates also on concerns over pesticide residues. The government has asked an agricultural quarantine body to advise on shipments and warn of exporters who violate agreed-upon international standards. The three Gulf countries have agreed to lift the ban in October 2017 after a series of meetings and negotiations held between an Egyptian delegation and the Gulf countries. Egypt’s agricultural exports rose 13.9 percent during the first nine months of 2017, reaching 4.1 million tons compared to 3.6 million in 2016. Egypt’s agricultural export season runs from September through August. More»
Amwal Al Ghad English - 2018-01-06 08:27:43
Egypt's Suez Canal revenues rose to $5.3 billion in 2017 from $5 billion in 2016, a statement by the Canal authority said on Thursday. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency. Its revenues were at $462.7 million in November 2017. More»
Sanaa Allam - 2018-01-04 13:52:27
The seventh session of the Egyptian Exhibition of Plastic Exporters and Manufacturers (EGYPLAST) and international trade fair Plastex will take place in Cairo on January 18. Plastex, which is dedicated to the plastic machinery, components, raw materials, and chemicals in Africa, and its sub-event EGYPLAST present products, services, technologies, innovations, trends, and tendencies for trade markets. They represent an international meeting-place for worldwide suppliers and regional manufacturers. EGYPLAST is a forum that provides an opportunity for the plastic producers to explore recent technological improvements for a variety of machinery, raw materials, additives, processing and recycling to improve functionality and add value to the companies. The two fairs are to be launched under the auspices of Egypt’s Industry and Trade Ministry, said Khaled Abu El Makarem, chairman at the county’s Chemical Export Council (CEC), on Wednesday. A number of Egyptian major plastic factories are set to partake in the event, Abu El Makarem further stated, adding that this will be a good chance to market local products for businessmen and manufacturers from Africa and the Arab world. Egypt’s plastic exports rose 26 percent, reaching $1.323 billion in the first 11 months of 2017, Abu El Makarem said, expecting the number will increase by 28 percent this year. More»
Amwal Al Ghad English - 2018-01-04 08:15:40
Egypt’s gold reserves declined by $30 million or 1.1 percent month-on-month in December 2017, according to data by the Central Bank of Egypt (CBE) on Wednesday. The value of the precious metal stood at $2.67 billion at the end of December, compared to $2.7 billion in November. Meanwhile, the North African country’s special drawing right (SDR) of the International Monetary fund (IMF) surged to $749 million. Furthermore, foreign-currency reserves reached $33.57 billion in November 2017, compared to $33.24 billion in the same period a year earlier, the CBE highlighted. More»
Amwal Al Ghad English - 2018-01-04 08:07:21
Egypt's New Urban Communities Authority (NUCA) seeks to increase its total investments to 40 billion pounds from 30 billion pounds at the end of financial year 2017/2018, Alborsa News reported, citing sources at Egypt’s housing ministry. The new investments will be distributed across Egypt’s main cities, such as Sheikh Zayed, New Cairo, the Sixthof October cities, the sources highlighted. The sources forecast the NUCA to raise 8 billion pounds to 10 billion pounds in investment to complete the New Administrative Capital project by the end of the current financial year. NUCA’s total investments amounted to about 15 billion pounds in the period from July to December 2017. More»