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        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        Misr Chemical Industries   5.65        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        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 - 2018-02-15 09:00:31
Russia is seeking to finalize multi-million-dollar investment deals with Saudi Arabia in the next three months including partnerships with state oil giant Aramco, Russia’s top state investment officer said on Wednesday.Russian banks and a Russian-Chinese investment fund are also keen to take part in Aramco’s initial public offering (IPO), the head of the Russian Direct Investment Fund, Kirill Dmitriev, told reporters, reiterating comments he made last month. The move is aimed at strengthening energy ties between the two major oil producers. Dmitriev told Reuters last month that there was great interest in the Aramco IPO from Russian pension funds and Chinese partners. More»
Amwal Al Ghad English - 2018-02-14 14:38:32
Egypt’s Ministry of Petroleum signed an agreement, during EGYPS 2018, with oilfield services company Schlumberger to conduct a seismic survey in the Gulf of Suez. The agreement was signed by Ministry's First undersecretary for agreements and exploration Ashraf Farag, and Manager of Schlumberger Hussein Ghazawy. Minister of Petroleum Tarek al-Molla commented that this agreement aims to conduct a seismic survey and Reassess data on the Gulf of Suez region, produced for more than 60 years. Molla confirmed that the Suez region is a petroleum- promising area which requires more work and studies to further discover oil and gas in it. More»
Amwal Al Ghad English - 2018-02-14 13:50:19
The growth rate of the second quarter (Q2) of fiscal year 2017/2018 increased to 5.3 percent, compared to 5.2 percent, in the first quarter of the same year, Minister of planning Hala al-Said said Wednesday. Said clarified that in Q2, the construction sector achieved a growth rate of 10.7 percent, the manufacturing sector grew 10 percent and the extractions sector witnessed a growth of 14 percent. The minister added that the inflation declined in the second quarter to 17 percent. Said pointed out that the Egyptian exports increased by more than 10 percent during the first half of this fiscal year 2017/2018. The minister also noted that the number of ships that crossed the Suez Canal increased by 6.4 percent during Q2 of 2017/2018. Egypt’s annual inflation declined to 17 percent in January 2018, the Central Agency for Public Mobilization and Statistics (CAPMAS) stated on Thursday. More»
Hisham Ibrahim, Sanaa Allam - 2018-02-14 12:55:40
Britain is considered to be the largest investor in the Egyptian market with total investments worth $5.6 billion through 1450 firms and projects according to Minister of Trade and Industry Tarek Qabil. He asserted that there is much coordination between the officials in Egypt and Britain to boost trade and economic cooperation during the coming stage especially in light of the strategic partnership between both countries' governments and business circles. British Trade Envoy to Egypt arrived in Cairo on Sunday for a 5-day visit, heading up the largest British trade delegation in nearly 2 decades. The visit will focus on the sectors of oil and gas, education, infrastructure and health. Over 50 companies will be taking part، including existing investors in Egypt such as Bombardier، Fujitsu، Mott MacDonald، and GSK، as well as companies looking to invest here for the first time. The British ambassador to Cairo John Casson said his country is keen on strengthening the economic cooperation with Egypt. More»
Amwal Al Ghad English - 2018-02-14 12:35:09
State-owned Egyptian Iron and Steel Company incurred losses stood at 231 million Egyptian pounds (13 million) during the first seven months ended in December 2017, said financial statements on Wednesday. Earlier, losses reached 188 million pounds during the seven months ended in December 2016. More»
Amwal Al Ghad English - 2018-02-14 12:23:35
State-run Egypt Gas Company’s profits before taxes rose by 9.66 percent, registering 28.73 million Egyptian pounds ($1.6 million) during 2017, announced financial statements on Wednesday. Earlier, profits stood at 26.2 million pounds during 2016. Revenues increased to 1.76 billion pounds from more than 1.5 billion pounds. The company incurred losses by 17.05 percent to 58.98 million pounds during the first nine months ended in September 2017, compared with 50.39 million pounds during the same period a year earlier. More»
Amwal Al Ghad English - 2018-02-13 11:52:42
Egypt’s Memphis Pharmaceuticals and Chemical Industries (MPCI) unveiled Tuesday that its losses stood at 19.8 million Egyptian pounds ($1.1 million) during the first half of financial year 2017/2018. MPCI, an affiliate of Holding Company for Pharmaceuticals (Holdipharma), earlier achieved profits worth 2.5 million pounds during the first half of financial year 2016/2017. Losses before taxes reached 23.5 million pounds during the seven months ended in financial year 2017/2018, compared with profits of 4 billion pounds during the same period of financial year 2016/2017. More»
Amwal Al Ghad English - 2018-02-13 08:05:53
BP is looking to invest over $1 billion (721.66 million Egyptian pounds) in Egypt this year, making the country once again a top destination for investment, its CEO said on Monday. Speaking at an industry event in Egypt, Bob Dudley said the company was no longer owed any money by the Egyptian government. “The government owes us no money,” he said on the sidelines of the conference. Cairo has pledged to eliminate arrears owed to foreign oil companies by the end of June 2019 and not to accumulate more, part of its drive to draw new foreign investment to an energy sector that is attracting interest following several major gas discoveries. The country owed $2.4 billion at the end of June 2017. Dudley also said he did not see a supply shock before the end of this decade or beyond and that BP was planning for oil prices within the range of $50 to $65 per barrel for the rest of the decade. “We’re planning this year $55 a barrel today for 2018 even though we’re a little above that and we might be a little above that throughout the year,” he said. More»
Amwal Al Ghad English - 2018-02-13 08:01:04
Egyptian oil minister Tarek El Molla on Monday announced an agreement with an international company to conduct a seismic survey of the Gulf of Suez to attract exploration investment in the area. Molla also said that Egypt was working to improve the quality of fuel products in cooperation with foreign marketing companies. "An agreement was signed between the oil sector and one of the major international companies to conduct a regional seismic survey in the Gulf of Suez that will help attract global companies to intensify search and exploration work," Molla told an energy conference in Cairo. He did not name the company or give any details on the agreement. Egypt last year began production from it's mammoth offshore Zohr gas field in the Mediterranean, with initial output of 350 million cubic feet per day. Discovered in 2015 by Italy's Eni, the field contains an estimated 30 trillion cubic feet of gas. More»
Amwal Al Ghad English - 2018-02-13 07:48:26
Production from Egypt’s huge offshore Zohr field in the Mediterranean will reach 2.9 billion cubic feet per day by mid-2019, Italy’s Eni said on Monday. Speaking at an industry event in Cairo, CEO Claudio Descalzi said the goal was to reach output of 1.8 bcf to 2 bcf per day by the end of 2018 and then ramp up to 2.9 bcf per day by mid-2019. Discovered in 2015 by Eni, the field contains an estimated 30 trillion cubic feet of gas. Descalzi confirmed that by mid-2019, seven trains would be operating. The country’s petroleum minister said on Monday Egypt’s current gas production stood at 5.5 billion cubic feet per day. Asked how many cargoes Egypt needed to fill the supply gap after a current tender for liquefied natural gas (LNG) is held, Tarek el-Molla said, “very few.” On the recent discovery of a natural gas field off Cyprus, Calypso 1, Descalzi said an appraisal well would have to be drilled to understand the real volumes there and that Eni would decide alongside France’s Total when to drill that well. Asked whether it is believed to hold around 6 to 8 trillion cubic feet, Descalzi said: “It could be more or in that range... for sure it cannot be less but we have to understand it ... It’s a good find that has merit to go ahead with additional investment.” Perched on the maritime edge of two massive gas finds in the Levant Basin - Leviathan off Israel and Zohr off Egypt, Cyprus, which still relies on heavy and expensive fuel oil for its power stations, has been keen to emulate its neighbours’ success. Egypt has been seeking to speed up production from recently discovered fields, with an eye to halting imports by 2019 and achieving self-sufficiency. More»