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 - 2018-02-20 07:25:58
Egypt will set its local buying price for wheat in March, one month ahead of the harvest, the ministry of agriculture said on Monday. The world’s biggest wheat importer did not specify whether it would retain a system where it ties the local buying price to world prices, or return to an system where it subsidises farmers at a set price above world prices. Last year Egypt procured about 3.6 million tonnes of wheat under the new pricing scheme. The ministry said consumption of wheat used for its bread subsidy programme stands at about 9 million tonnes per year. More»
Fatma Nashaat - 2018-02-19 12:53:08
Ministry of Investment and International Cooperation and the National Service Project of the Armed Forces signed a cooperation protocol with Majid Al-Futtaim to establish 100 Carrefour retail stores in different governorates of Egypt. The protocol was signed by Minister of Investment and International Cooperation Sahar Nasr, Regional Chairman of Majid Al Futtaim in Egypt Abdullah al Nuqrashi, Director of the National Service Project of the Armed Forces Mustafa Amin. Nasr said that this protocol came within the framework of  carrying out the directives of President Abdel Fatah El-Sisi to pump new investments that support the provision of commodities, including basic commodities, to Egyptian citizens with high quality and low prices. Nasr added that this protocol will contribute with reviving the Egyptian economy and providing direct and indirect job opportunities. More»
Hisham Ibrahim, Sanaa Allam - 2018-02-19 11:41:58
Minister of Industry and Trade Tarek Qabil stated that the volume of trade exchange between Egypt and Sweden recorded €644 million ($799.04 million) in 2017. Qabil added that the Swedish investments in Egypt reached a $141 million dividend on 146 projects in different sectors. This came during a meeting with the Minister of European Union Affairs and Trade in Sweden Ann Linde, who is currently visiting Cairo. Egyptian exports to Sweden includes carpets, fruits, vegetables, food, clothing, furniture, Ceramic, and glass, while imports include woods, electronics, vehicles, papers, dairy products, and medicines, Qabil highlighted. Qabil noted that Egypt seeks to encourage Swedish companies to invest in the Egyptian market and to benefit from the available investment opportunities. More»
Ahmed El Demerdash - 2018-02-18 14:12:47
The Egyptian government seeks to issue new USD 3-4 billion Euro bonds in the financial year 2018-2019, Deputy Finance Minister Ahmed Kouchouk said Sunday. A few days ago, Egypt's ministry of finance successfully issued and priced a three-tranche USD 4 billion Euro bond only few hours in to into its launch. The three tranches are broken down as follows: USD 1.25 billion in five-year notes with a yield of 5.5%, USD 1.25 billion in ten-year notes with a yield of 6.59% and USD 1.5 billion in thirty- year notes with a yield of 7.91%. He added that the recent decrease in interest rate and the great demand for the Egyptian debt instruments would contribute with issuing more bonds. The foreign investments in Egyptian debt instruments recorded $20.2 billion since the floatation of exchange rate in 2016. More»
Mahmoud Shabaan - 2018-02-18 13:00:54
Egypt’s four consumer services sectors captured nearly 40 percent of the county’s natural gas production, exceeding 5 billion cubic metres daily, Egyptian Natural Gas Holding Company’s (EGAS) chairman said Saturday. These four sectors are industry, petroleum, automotive supply, and gas delivery to homes, Osama El Bakly further told Amwal Al Ghad. “Industry is the most prominent of these sectors as it focuses intensively on natural gas to complete the operations of the state’s ongoing major industrial projects,” he referred. More»
Amwal Al Ghad English - 2018-02-17 13:44:25
Egypt's non-petroleum industrial exports to Tunisia have made “remarkable progress”  during the last year increasing 40 percent recording $187.2 million compared to 133 million in 2016, Minister of  Industry and Trade Tarek Qabil said. The trade balance between Egypt and Tunisia has achieved a surplus of 317 million pounds during 2017 in favour of Egypt compared to 123 million pounds in 2016 with an increase of 157.7 percent. Head of the Egyptian Commercial Service Ahmed Antar attributed the rise in exports to the efforts of Egypt’s commercial service in Tunisia, which worked on helping Egypt’s products enter the Tunisia market and on maximizing the benefit from the ministry strategy to develop foreign trade by 2020. Among the exports that saw a rise were textiles and readymade garments, food industries ,  iron and steel , fertilizers and papers, Antar said. More»
Amwal Al Ghad English - 2018-02-17 13:01:12
The volume of trade exchange between Egypt and Russia increased by around 62 percent, registering more than $6.7 billion during 2017, said Russian Trade Representative in Cairo Nikolai Aslanov on Saturday. “The $6.7 billion encompassed Russian exports to Egypt worth $505 million,” Aslanov further told Middle East News Agency (MENA). As for Russian exports to Egypt, the official referred that wheat represented 23 percent, recording $1.435 billion out of the total volume of Egyptian exports, while metals reached $703 million (11 percent) as well as oil and natural gas recorded $407 million (7 percet). “Egyptian exports of fruits to Russia registered $209 million (41 percent), vegetables of $180 million (36 percent), and clothes of $37 million (7 percent),” Aslanov concluded. More»
Amwal Al Ghad English - 2018-02-17 07:57:28
There is no more opportune time to invest in Egypt than the present time, said Saudi-Egyptian Business Council’s deputy chairman, Abdullah bin Mahfouz. About 4,776 Saudi companies are operating in the North African nation with $27 billion in investments, according to the statement of Investment and International Cooperation ministry. The Arab world's most populous country, in collaboration with the International Monetary Fund (IMF), has implemented an economic reform programme including currency float and cutting fuel subsidy in an effort to revive its economy. More»
Amwal Al Ghad English - 2018-02-17 07:49:39
A British delegation including representatives of 50 companies concluded its five-day visit to Egypt on Thursday after meetings and talks with Egyptian officials, the British embassy said in a statement. The release described the British trade delegation as the largest to visit Egypt in the last two decades. Headed by British trade envoy to Egypt Sir Jeffrey Donaldson, the delegation met leading Egyptian officials and businessmen in Cairo and Alexandria to discuss business opportunities in sectors like transportation, health, manufacturing, energy and education. Donaldson also met with Minister of Investment Sahr Nasr, Minister of Health Ahmed Rady, Minister of Trade Tarek Qabil, Minister of Education Tarek Shawky and Minister of Higher Education Khaled Abdel Ghaffar. "The visit comes at time when the UK is further deepening economic ties with Egypt," said the statement, highlighting a EGP 1.7 billion British investment in BenBan solar project, and a joint-venture industrial complex for high quality medical supplies. The statement also highlighted BP's announcement earlier this week that their Atoll Phase One project, involving almost $1 billion of investment, started production seven months ahead of schedule. The delegation included the 33 companies from Scottish Development International and six from the Energy Industries Council, whose companies focus on the oil and gas industry. It also includes 14 companies from the transport and health care sector, and four companies focused on opportunities in the education sector. More»
Sana Allam - 2018-02-15 10:38:20
Egypt’s unemployment rate declined to 11.3 percent in the fourth quarter (Q4) of 2017, compared to 12.4 percent in the same period of 2016, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The CAPMAS report said that the unemployed decreased by 282,000 to reach 3.3 million in Q4 on a year on year basis. On a quarter on quarter basis, the unemployed decreased by 204,000. The report pointed out that the size of labor force increased on a year on year basis by 202,000 to record 29.27 million. The unemployment rate in the third quarter of 2017 fell to 11.9 percent from 12.6 percent in the same quarter of 2016. The Egyptian government has been exerting efforts recently to reduce unemployment rates. It aims to reduce unemployment from the current percentage to 4 percent, as part of the Egypt 2030 Vision. President Abdel Fatah al-Sisi has pledged to reduce unemployment to 10 percent over the next few years. More»