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

Yomna Yasser - 2018-02-12 12:54:54
The United Arab Emirates and France signed in Dubai Sunday a deal on cooperation in space exploration. Sheikh Mohammed Bin Rashid Al-Maktoum, UAE Vice President and Prime Minister as well as Ruler of Dubai, and French Prime Minister Edouard Philippe attended the signing ceremony of the cooperation deal between the UAE Space Agency and France's National Center for Space Studies. The signing ceremony took place on the sidelines of the three-day 2018 World Government Summit which started on Sunday. Also at the summit held under topic "Shaping future governments," the final designs of the Hope Probe, the Arab World's first interplanetary mission, were unveiled, along with details of the Mars 2117 plan, which aims to create the first human settlement on Mars, and UAE's astronauts programme. The Mohammed bin Rashid Space Centre also released plans of the "KhalifaSat," the UAE's first completely indigenously built satellite. More»
Amwal Al Ghad English - 2018-02-12 12:01:53
Egyptian state-owned Sidi Kerir Petrochemicals Company’s (Sidpec) profits dropped by 21 percent, registering 1.13 billion Egyptian pounds ($63.7 million), during 2017, announced financial statements on Sunday. Earlier, profits increased to 1.42 billion pounds during 2016. Revenues jumped to 5.018 billion pounds, compared with 3.4 billion pounds. More»
Mahmoud Shabaan - 2018-02-12 11:31:44
Minister of Petroleum Tarek el-Molla said that to the ministry seek announce number of initiatives to improve the petroleum sector in addition to recognize current possibilities and increase co-operation with international companies and oil industry’s experts. He made these remarks during his speech at the opening of EGYPS 2018, taking place from February 12 to 14, 2018. the minister further noted that an agreement with an international company will be signed to carry out a seismic survey in Suez Canal that would contribute with attracting more companies intensify exploring activities. The EGYPS 2018 exhibition provides the largest and most important platform for industry professionls to gain insights into the upcoming oil and gas opportunities in Egypt and North Africa, from future licensing rounds, project requirements to short and long-term strategic plans and priorities. The exhibition aims to bring together the region’s key stakeholders shaping the energy industry’s future, noted the event organizer Global Energy of dmg events in statement. More»
Amwal Al Ghad English - 2018-02-12 07:22:07
Energy group DEA plans to invest nearly $500 million in developing its oil fields in Egypt over the next three years, its chief executive office said. “We intend to pump around $500 million over the next three years in Egypt to develop the West Delta, Desouk and the Gulf of Suez fields,” Maria Moraeus Hanssen told journalists in Cairo on Saturday evening. The Hamburg-based company has been involved in exploration and development for oil and gas in Egypt since 1974. It is a partner of BP in the West Nile Delta gas fields. More»
Amwal Al Ghad English - 2018-02-12 07:01:13
A delegation of over 50 UK companies arrived in Cairo on Sunday, the biggest British trade delegation in the country in almost two decades, the British embassy said. The five-day visit, headed by British Trade Envoy to Egypt Jeffrey Donaldson, is aimed at fostering UK-Egyptian trade links and exploring investment opportunities across Egypt, with a focus on the oil-and-gas, education, infrastructure, and health sectors. Over 50 companies will be taking part in talks over the next few days, including existing investors in Egypt such as Bombardier, Fujitsu, Mott MacDonald, and GSK, as well as companies looking to put money into the North African country for the first time. The visit "is a very encouraging sign of the vast potential British companies are seeing in investing in Egypt’s future," Jeffrey Donaldson said, according to a statement sent to Ahram Online by the British embassy. The delegation includes 33 companies from Scottish Development International, six from the Energy Industries Council, 14 companies from the transport and healthcare sector, and four companies focused on opportunities in the education sector. The UK is Egypt's largest foreign investor, with British investments in the country amounting to $30.5 billion since 2011, according to Egypt's State Information Service website. Mutual trade between the two countries is worth over £1.5 billion per year, UK ambassador to Egypt John Casson said in mid-2016. Donaldson has hailed an economic reform programme the Egyptian government embarked on in 2016, which includes tax increases, subsidy cuts and loosening capital control. "We’re seeing Egypt reaping the benefit of recent reforms, with a new wave of foreign investment and exports rising," he said. "The next step is to ensure that these reforms have a real impact on the lives of everyday Egyptians, by creating jobs, and it’s exciting to see so many British companies looking to invest here in order to do just that." "The UK, as Egypt’s top economic partner, is here to support Egypt– through our work with the Egyptian government, through StartEgypt, our new fund to support Egyptian start-ups, and through our business-to-business links." More»
Amwal Al Ghad English - 2018-02-11 13:53:51
New investments have increased by 20.8 percent in January 2018 to stand at 5.2 billion Egyptian pounds, the Investment and International Cooperation Ministry said. The number of newly established firms in Egypt amounted to about 1780 companies last month, with a rise of 9.3% from 1,628 firms in the same period a year earlier according to In the monthly bulletin. The companies' issued capital jumped by 62.3% year-on-year to 4.2 billion pounds in the first month of 2018, while paid-up capital increased by 56.7% to 1.08 billion pounds, the ministry  said. The private sector's investments leapfrogged 15.2 percent in the first quarter of 2017-2018 FY to stand at  78.1 billion pounds, the ministry said. More»
Yomna Yasser - 2018-02-11 13:15:23
Egyptian Minister of Communications Yasser el-Kady said Sunday that works on the long-awaited Knowledge City in the new administrative city will start in March once received the land to carry out the project. Kady made these remarks on the sidelines of the World Summit of Governments, taking place in Dubai. Under President Abdel Fattah al-Sisi's directives, Knowledge City's first phase will be completed in three years instead of seven years, with initial investments estimated at 12 billion Egyptian pounds ($679.1 million), the minister said. "We target turning it into a regional hub for the communications and information technology industry just like the Silicon Valley in the United States." Kady said. The minister of communication affirmed that Egypt has a big and promising market with the potential to export communication and information technology’s services and electronics, referring that the investment law and the procedures taken encouraged many investors in South East Asia and other countries to invest in many areas inside Egypt. More»
Yomna Yasser - 2018-02-10 13:14:22
Spending on energy subsidies in the Arab world has dropped to around $98 billion in 2017 from $117 billion in 2015, said Arab Monetary Fund’s chief Abdulrahman Al Hamidy on Saturday. The series of successful structural reforms taken by the Arab governments have helped ease the burden on budget and decrease these countries’ energy subsidy bill, Hamidy said at the third annual Arab Fiscal Forum, organised by the Arab Monetary Fund and the International Monetary Fund, in Dubai. The recent fiscal reforms in the Arab world have contributed to lower the budget deficit in these countries to an average of 6.3 percent of the GDP in 2017 from 10.3 percent in 2016, the AMF official added. “Budget deficit in the Arab world is expected to continue to fall, reaching 5.1 percent this year.” Hamidy said. More»
Sanaa Allam - 2018-02-10 12:53:08
Egyptian Furniture Export Council (EFEC) targets an 18 percent growth in its exports to register $390 million, chairman Ihab Derias told Amwal Al Ghad on Thursday. Derias further made his remarks on the sidelines of Furnex and The Home, one the largest trade fairs in Africa, at Cairo International Convention Centre on a gross space of 50,000 square metres from February 8 to 11 (Thursday-Sunday). The show is organised by Egyptian Furniture Export Council, Chamber of Woodworking and Furniture Industry, and Global Conference Management. It was held in Egypt since 2004 with the main objective of introducing the country to the international trade community of home furnishings industries as a world class supplier of these commodities. “Imports dropped by more than 35 percent last year,” the Egyptian official stated, adding that EFEC is currently focusing on Iraqi and Sudan markets. Sherif Abdul Hadi, EFEC’s vice chairman, referred that furniture sector witnesses pumping new investments worth 1 billion Egyptian pounds ($56.6 million) since 2017. “It is expected to inject more investments into the sector within the upcoming two years,” Abdul Hadi concluded. More»
Hisham Ibrahim, Sanaa Allam - 2018-02-10 11:52:26
Trade and Industry Minister Tarek Qabil said Saturday that Egypt is seeking to benefit from Singapore's expertise in industrial development, establishing industrial zones and get to  know the latest industrial technology used in the in the industry sector in Singapore. The minister added that Egypt has great investment opportunities in the industry sector, which can attract the Singaporean businessmen especially after launching  Egypt’s first comprehensive industrial investment map. Egypt’s first comprehensive industrial investment map includes different opportunities available in the industrial sector, based on the competitive advantages of each governorate. Earlier today, Qabil returned to Egypt from his Singapore visit, where he had met with senior officials and businessmen in the Asian country. The talks  focused on efforts to boost bilateral cooperation in the small and medium-sized enterprises (SMEs) More»