amwalalghad :: Industry & Trade

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        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

Hisham Ibrahim & Sanaa Allam - 2017-12-30 13:09:00
Trade volume between Egypt and Turkey has risen by three percent, reaching around $3.457 billion in the first 10 months of 2017, from $3.349 billion last year. Egypt’s exports to Turkey increased by 44.2 percent to $1.657 billion in the January-October 2017 period, compared to$1.149 billion last year, Egyptian Industry and Trade Minister Tarek Qabil said Saturday. Qabil made his remarks after receiving a report on the intra-trade activity indicators between the two countries from the Head of Commercial Representation Office in Istanbul. “Egyptian imports from Turkey fell by 18.7 percent during the first ten months of the current year, registering $1.8 billion, compared to about $2.2 billion during the same period last year,” the Egyptian minister added. The significant increase was due to a 299.5 percent surge in the Egyptian methanol exports to Turkey, reaching around $93.5 million at the end of October, compared with $23.4 million, said Ahmed Antar, head of Egypt's Commercial Service Office (ECS). “Egyptian exports of urea fertilizers reached about $282 million against $114 million, with a 145.6 percent rise,” Antar stated, referring that denim cloth exports also jumped 57.8 percent to $66.8 million from $42.3 million. More»
Mahmoud Shabaan - 2017-12-30 12:54:00
The first phase of the electricity interconnection project between Egypt and Saudi Arabia will be operated during 2021 , aiming to exchange a total capacity 3,000 MW between both countries, according to the Minister of Electricity Mohamed Shaker. On the other hand, Shaker added that the electricity sector has signed a memorandum of understanding of linkage project with Cyprus and Greece in Europe so that Egypt would turn into an axis center  for electricity interconnection between the three continents. More»
Hesham Ibrahim, Sanaa Allam - 2017-12-30 11:54:29
Egypt's Export Development Authority is coordinating with the Egyptian Commercial Service Office and the Egyptian Exporters Association- Expolink to establish a logistics centre in Russia, according to its chairperson Sherine El Shorbagy. The EDA is a governmental entity affiliated with Egypt’s Ministry of Trade and Industry, its goal is to boost global Egyptian exports. El Shorbagy noted that the authority exerting more efforts to strengthen the  exporting process and implement the ministry of trade strategy to increase exports through drafting and developing the exports policies and conducting the plans and programmes that aims to promote the Egyptian exports and develop the exports capabilities of the Egyptian exporter. More»
Amwal Al Ghad English - 2017-12-30 09:59:01
Airbus said Friday it has now confirmed its mammoth $49.5 billion order to supply 430 aircraft to U.S. private equity fund Indigo Partners. Veteran airline investor Bill Franke of Indigo Partners signed the preliminary order at the Dubai Airshow in November which will trigger delivery of 274 A320neos and 156 A321neos. The deal is Airbus' largest ever single order and provides aircraft for Wizz Air, Frontier Airlines, Jetsmart and Mexico's Volaris. Indigo has stakes in all ‎four airlines. Bill Franke, managing partner of Indigo Partners, said in a statement Thursday that the deal would help give customers of the ultra-low cost carriers "even more value". The list price of the aircraft is $49.5 billion but Airbus has previously confirmed that the private equity firm would not pay that price with the final cost not being revealed. Franke, who secured financing to conduct the deal on a sale and lease-back basis, said engine selections will be made at a later date. In a separate deal announced Friday, Airbus has revealed that China Aircraft Leasing (CALC) has signed up to buy 50 A320neos in a deal worth $5.42 billion at list prices. The European plane maker said the latest order brings CALC's total order book with Airbus up to around 200 single-aisle aircraft. CALC is currently the largest aircraft operating lessor in China and is listed on the main board of the Hong Kong Stock Exchange. Chinese companies have placed huge aircraft orders in the past year. During a visit by Chinese President Xi Jinping to Germany in July, Airbus announced a $22 billion order to supply 140 planes. More»
Amwal Al Ghad English - 2017-12-30 09:51:27
Turkey and Russia signed on Friday an accord for Moscow to supply Ankara with S-400 surface-to-air missile batteries, Turkish authorities announced, finalizing a deal set to deepen military ties between NATO member Turkey and the Kremlin. The S-400 deal, reportedly worth some $2.5 billion and in the works for more than a year, has worried the West because the system cannot be integrated into NATO's military architecture. As part of NATO's collective defense pledge, the allies integrate their ships, planes and weapons systems to make them work together, as well as sharing command across the alliance. The accord is the latest in a series of moves by Ankara to boost its defense capabilities as it faces threats from Kurdish and Islamist militants at home and conflicts across its borders in Syria and Iraq. In a statement late on Friday, Turkey's Undersecretariat for Defence Industries (SSM) said that Moscow would supply the S-400 missile batteries to Ankara in an initial delivery planned for the first quarter of 2020. On Wednesday, Sergei Chemezov, head of the Russian state conglomerate Rostec, told the Kommersant daily that Russia would supply Turkey with four batteries of S-400s under the deal. However, the SSM said Turkey would buy two S-400 batteries from Russia under the agreement, with one being optional, and added the systems would be used and managed "independently" by Turkish personnel, rather than Russian advisors. It said the Turkish Armed Forces (TSK) would have full control over the systems, and added that the accord signed earlier on Friday included clauses on cooperation for technologic gains and joint development. Turkey's purchase of the systems has unnerved NATO member countries, who are already wary of Moscow's military presence in the Middle East, as the system is incompatible with the alliance's systems. NATO officials have warned Turkey about unspecified consequences of purchasing the S-400, but Turkish President Tayyip Erdogan has said ties with NATO remain strong. Chezmezov said Moscow was expected to begin the first deliveries in March 2020 and that Turkey was the first NATO member state to acquire the advanced S-400 missile system. Earlier on Friday, Turkish newspapers cited Erdogan as saying Turkey would borrow in the Russian currency in a loan deal under the accord. Borrowing "in rubles" "We will not borrow in dollars in this loan, we will borrow in rubles," Hurriyet newspaper quoted Erdogan as telling reporters on his plane, returning from a trip to Africa. According to Chemezov, Turkey would pay 45 percent of the cost of the agreement up front, with Russia providing loans to cover the remaining 55 percent. The Russian Finance Ministry will finance a deal from the state treasury, while Russian banks will take part solely in the transfer of funds in the deal, a Russian banking source said. Relations between Moscow and Ankara deteriorated sharply in 2015 after Turkey shot down a Russian air force jet that it said had crossed into Turkish airspace, but they have since repaired ties despite having backed different sides in the Syrian war. They are now cooperating on Syrian peace efforts as well as projects in the defense industry and energy sectors. While pushing ahead with the S-400 project, Ankara has sought to secure defense deals with other countries as well. In November, Turkey signed a letter of intent with France and Italy to strengthen cooperation on joint defense projects. As a first step, the Franco-Italian EUROSAM consortium and Turkish companies will look into a system based on the SAMP-T missile systems. Turkey has also invested heavily in the development of its domestic defense industry, with projects encompassing areas including combat helicopters, tanks, drones and warships. More»
Amwal Al Ghad English - 2017-12-30 07:41:40
Egypt's Electricity Holding Company (EEHC) has signed a contract worth 570 million Egyptian pounds ($32.1 million) with Elsewedy Power System Projects, an affiliate of the county's cable maker El Sewedy Electric. The two companies signed the agreement in favour of Upper Egypt Electricity Distribution Company. The agreement entailed implementing mechanical tasks and pipelines installation at the 650-megawatt thermal power plant project in the Upper Egypt governorate of Assiut, Elsewedy highlight in a filing to the Egyptian Stock Exchange (EGX). The OPEC Fund for International Development (OFID) will finance the Walideya power plant in Assuit with $25 million in a bid to bolster and strengthen Upper Egypt’s electricity grid, according to the statement. The project is set to be executed in 29 months, followed by two years of operation guarantee, the company added, noting that the project will be established under the supervision of the owner’s advisor Pegaso Consulting Group. Given Elsewedy Electric is in talks with the New and Renewable Energy Authority (NREA) over establishing a wind power plant in the Gulf of Suez. In March, Elsewedy Electric signed a memorandum of understanding (MoU) with Japan’s Marubeni to set up two 500-megawatt wind farms. More»
Hisham Ibrahim, Sanaa Allam - 2017-12-28 14:47:00
The trade exchange between Egypt and the United States has increased by 13 percent between January and October 2017 recording $ 4.534 million compared to $3.9 million in 2016. Non-petroleum exports to the U.S.  hiked by 18.4 percent in the first 10 months of 2017, with a value of $1.234 billion, compared to $1.42 billion in the same period last year, Trade Minister Tarek Qabil said Thursday Qabil said that exports within the Qualified Industrial Zones (QIZ) agreement increased by one percent  standing  at $633 million, compared to $626 million last year More»
Amwal Al Ghad English - 2017-12-28 11:23:04
The Egyptian cabinet approved during its Thursday meeting four new oil and gas exploration agreements worth $230 million according to the Minister of Petroleum Tarek el-Molla announced. Two of the four agreements are related to the Egyptian General Petroleum Corporation (EGPC) for exploration in the Red Sea and Western Desert areas, while the other two are related to South Valley Petroleum Holding Company (Ganope). More»
Hisham Ibrahim, Sanaa Allam - 2017-12-28 09:42:00
Egypt suspends the application of the annual  cuts on tariffs of vehicles imported from the European Union in accordance with a comprehensive EU-Egyptian trade agreement,  the minister of industry and trade Tarek  Qabil said. The Tariffs were meant to be lowered at the beginning of 2018, the minister added. The Egyptian-EU partnership agreement stipulates that Egypt is to lower tariffs on cars imported from the EU by 10 percent annually. The agreement was implemented in 2010 and, according to it, the tariffs on imported European automobiles will be cancelled by 2019. More»
Amwal Al Ghad English - 2017-12-28 08:01:50
The UK has achieved its greenest year ever in terms of how the nation's electricity is generated, National Grid figures reveal.The rise of renewable energy helped break 13 clean energy records in 2017. In June, for the first time, wind, nuclear and solar power generated more UK power than gas and coal combined.Britain has halved carbon emissions in the electricity sector since 2012 to provide the fourth cleanest power system in Europe and seventh worldwide. In April, the UK had its first 24-hour period without using any coal power since the Industrial Revolution. The government is committed to phasing out unabated coal by 2025 as part of efforts to cut the UK's greenhouse gas emissions in line with legal obligations.  More»