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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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        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        

Industry & Trade

Saudi Arabia's Investments in Egypt are worth US$27bn: FECC


Published 2014-11-23 14:33:44| Hesham Ibrahim, Enas Shabaan

Chairman of the Federation of Egyptian Chambers of Commerce, Ahmed El-Wakil asserted that Saudi Arabia ranked first in terms of Egypt's investments which are US$27 billion and the numbers of projects that reached around 2800 projects including the various productive, service and economic fields. On the sidelines of Egyptian-Saudi Business Council conference, El-Wakil added that the total number of projects is around 1300 projects with investments up US$2.5 billion. The total volume of trade exchange between the two countries ups US$5 billion in addition to Saudi tourism represents 20% of Arab tourism in Egypt, El-Wakil noted. He pointed out that the businessmen of the two countries have a big task to achieve Arab integration dream, especially in light of supporting the political leadership and the visions of the two countries.
Tech news
The African countries are keen to witness greater Egyptian technological presence, said Ali Jjunju of Uganda’s General Manager of Isys Electronic Payment Services. He further described Egyptian technology firms’ plans to expand into the African markets as ‘good step’ towards boosting bilateral cooperation with each African state and accordingly raising the awareness of this vital sector in the continent.The growth currently witnessed by Africa in depending on technological tools makes the continent a promising and tempting soil for the Egyptian companies to expand, he noted. Jjunju further stated that Egypt is one of the most welcome countries to invest in the African continent. The "Isys" group, one of the largest companies providing electronic services via smartphones and tablets, and the fastest-growing company in Middle East and North Africa region, has participated for the first time in the Cairo ICT 2014 in its eighteenth session which was recently held on November 4-7. Commenting on the Group's participation in the Cairo ICT exhibition this year, “engineer Mohamed Al-Rashedy”, group’s founder and CEO, confirmed that “Isys’ has decided to participate in the Egyptian’s exhibition which is specialized in the telecommunications and information technology sector, in accordance with the company's strategy in the Egyptian market and the Middle East region to expand its business in the region where the company expects to increase its business and its customers over the next few months”. During the exhibition’s events, Isys has launched the application system Payit, which is one of the programs based on electronic cash payment services on smart phones and tablet. The "Isys" Company has begun its work since 2005 in Kuwait; where it was entitled by the Kuwaiti telecommunication group "Zen" to be one of its key partners, after the company has provided its first services of chat programs, SMS and other interactive services. In 2006, the "Isys" company expanded in its activities to begin its launch to several countries, as it has begun its activities in Sudan with the company "Mobitel" to provide “medical” services in the form of short medical text messages as well as providing support to the Agence France-Presse "AFP" in France in many magazines including newsletters. Moreover, the company's activity has also extended from 2007 till 2013 to many countries and it has 12 offices such as its office in Bahrain, Egypt, Uganda, Kenya, South Sudan, Palestine, Jordan, Nigeria, Libya and the United States.
Internet News
Facebook Inc is secretly working on a new website called "Facebook at Work" that would allow users to keep their personal profile separate from their work profile, the Financial Times reported. The new website, that will look very much like Facebook, will compete with professional social network LinkedIn Corp, Google Inc, and Microsoft Corp, the newspaper said. (on.ft.com/1vgu64P) Facebook's new site will allow users to chat with colleagues, connect with professional contacts and collaborate over documents, the newspaper reported, citing unidentified sources. Facebook was not available for comment outside regular U.S. business hours. Facebook employees have long used the site in their daily work and the social networking site is now testing it with companies, the newspaper said.