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

Amwal Al Ghad English - 2018-02-10 07:47:24
Egypt's second largest bank, Banque Misr, in collaboration with Visa and ExxonMobil Egypt, initiated on Thursday a strategic partnership to expand electronic payment for petroleum services through 100 Exxon Mobil stations, as a first stage. Akef al-Maghraby, the Deputy Chairman of Banque Misr, said that this partnership aims to push the efforts of financial inclusion as one of the axes of economic development which drives growth by extending access to financial services to various segments of society. Visa card holders will be able to use their cards to pay at Exxon Mobil stations, said Maghraby. Banque Misr will push this partnership forward by installing electronic payment machines at petrol stations. The bank will develop loyalty programs and rewards for participating stations as well as card holders who use their cards to pay for different services provided at petrol stations, to encourage e-payment through Banque Misr machines, he added. More»
Amwal Al Ghad English - 2018-02-08 14:05:36
Egypt launched Furnex & the Home international trade fair on Thursday at the Cairo International Convention Center. Furnex & the Home international trade fair will be held from February 8 to 11(Thursday-Sunday). Furnex & the Home is a specialized trade fair serving as a major platform and market place for both trade and public to source quality products for all home and business needs for furniture, furnishings, finishing and accessories. The fair hosts the top manufacturers, exporters and traders in Egypt serving both the domestic market as well as the regional and International markets. It features the latest trends and design ideas in the entire continent. More»
Islam Salah & Gehad Abdel Ghany - 2018-02-08 12:46:02
Egypt’s Ayady Company for Investment and Development says it has launched a new firm, namely Creative Media Ventures, with issued capital of 250 million Egyptian pounds ($14.1 million). Osama Saleh, Ayady’s chairman, said Creative Media Ventures seeks to pump investments in medic sector in order to develop the industry. Established in March 2015, Ayady mains to achieve economic growth to improve living standards for Egyptians and accomplish this by tapping into attractive projects that contribute to the creation of economically beneficial ventures all over the country and ensure high returns on investment. More»
Amwal Al Ghad English - 2018-02-08 11:44:48
Egypt’s state-owned Arab Drug Company for Pharmaceuticals and Chemical Industries (ADCO) unveiled Thursday that its net profit jumped to 18.3 million Egyptian pounds ($1 million) during the six months ended in December 2017. Earlier, net profit stood at 10.2 million pounds during the six months ended in December 2016. Established in 1963, ADCO is an Egyptian joint venture company, which has a long history of achievements since its foundation. It is one of the leading firms in pharmaceutical drug manufacturing in Egypt and the Arab world. More»
Amwal Al Ghad English - 2018-02-08 11:04:08
Egypt’s annual inflation declined to 17 percent in January 2018 compared to 29% in January 2017, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). On a monthly basis, Inflation decreased 0.2 percent to 266.3 points in January 2018, compared to 266.8 points in December 2018, the monthly report of CAPMAS showed. CAPMAS noted that Egypt’s inflation in January achieved its lowest level since November 2015. The report showed that food prices declined 0.5 percent month-on-month, while they increased 16.6 percent year-on- year basis. More»
Amwal Al Ghad English - 2018-02-08 07:12:22
Egypt’s fuel subsidies jumped by 34 percent to 51 billion Egyptian pounds ($2.9 billion) from during the fist half of financial year 2017/2018, said Petroleum Minister Tarek el-Molla on Wednesday. “Fuel products subsidies has reached about 51 billion pounds in the first six months of the current fiscal year, but we are still 4 billion pounds below the allocated amounts for fuel subsidies in the 2017-18 budget,” el-Molla told Reuters by telephone. The government had initially budgeted an estimated 110 billion pounds for fuel subsidies in the financial year 2017/2018 budget. The government has raised fuel prices twice in a period of eight months, most recently in June. Egypt is currently implementing reforms that include using smart cards at gas stations and the use of ration cards to distribute subsidised cooking gas canisters to eligible households. More»
Amwal Al Ghad English - 2018-02-08 07:02:05
Egypt’s exports stood at $2.23 billion in November 2017, the county's state-run statics agency CAPMAS said Wednesday, adding that imports reached $5.09 billion during the same month of the year. Egypt’s imports dropped $4.1 billion during the first ten months of 2017, compared to $58.04 billion during the same period in 2016, CAPMAS said in January. The decrease comes on the back of a drop in Egypt’s imports of non-petroleum products, which amounted to $49.6 billion in the first 10 months of 2017, compared to $54.8 billion in 2016, according to CAPMAS figures. Meanwhile, the country’s imports of petroleum products increased, reaching $4.34 billion in the same period, versus $3.21 billion in 2016. More»
Amwal Al Ghad English - 2018-02-08 06:53:31
Egypt's Electricity Ministry plans to build the first hydropower plant in the Middle East at a capacity of 2,400 MW using the pumped-storage hydropower (PSH) technology at Ataqa Mountain, Red Sea, to utilise renewable energy resources, Electricity Minister Mohamed Shaker said. The plant will be established in cooperation with Sinohydro, a Chinese state-owned hydropower engineering company, according to Shaker. Shaker discussed means of enhancing joint cooperation in the field of electricity on Tuesday with representatives of a number of Italian companies working in the field of energy and environment as part of efforts to encourage investment in Egypt in the field of electricity and renewable energy. During the meeting, Shaker reviewed measures that the ministry has taken recently to address challenges of power outages in Egypt, which peaked in 2014. He pointed out that the ministry has completely overcome the problem since June 2015. He added that a number of agreements have been signed to establish the Benban solar park, which is part of the economic reforms in Egypt, and aims to improve basic services for citizens. According to the International Finance Corporation (IFC), the Benban solar park will be, once completed, the biggest solar installation in the world, housing 32 power plants. Shaker referred to the Ministry’s plan as well to upgrade old power stations, in cooperation with a specialized company, in order to reduce fuel consumption and optimize the operation of these stations. President Abdel Fattah al-Sisi said in a speech to the Egyptian people reviewing his first presidential term, that ending the power crises that hit Egypt in 2014 came as one of the main priorities of his agenda. The administration worked to double power stations in Egypt to sustain an estimated 25,000 megawatts, he added. More»
Amwal Al Ghad English - 2018-02-07 13:46:46
State-owned Egyptian Iron and Steel Company reported Tuesday a 2.59 percent fall in its local sales, recording 604.89 million Egyptian pounds ($34.3 million) during the first half of financial year 2017/2018. Earlier, sales increased to 620.96 million pounds during the first half of financial year 2016/2017. The company incurred losses by 22.6 percent to 231.3 million pounds from 188.7 million pounds. Revenues dropped to 753.6 million pounds, compared with 805.2 million pounds. During the five months ended in November 2017, sales declined to 481.35 million pounds, compared to 494.32 million pounds during the same period in 2016. More»
Sana Allam - 2018-02-07 12:37:00
The volume of trade exchange between Egypt and India has registered  $3.6 billion, according to Mohamed El Sewedy Chairman of the Federation of industries. India ranked seventh in terms of  the volume of trade exchange between Egypt and other countries,  he added. He made these comments during his meeting with the Indian Ambassador to Egypt, Sanjay Bhattacharyya  to promote relations between Egypt and India, and gives an overview of current economic developments and opportunities for further cooperation between the two countries. “We will discuss measures and steps necessary to increase trade and investment exchange between the two countries with the Indian Ambassdor،” said El Sewedy. '' The Indian investments in Egypt reached $3 billion through 50 companies operating in various fields" Bhattacharyya added. More»