The port of Safaga was prepared on Tuesday to receive three vessels, namely Love, Freedom 2, Express Cores, with 81 trucks and 13 vehicles on board, while the Poseidon Express, carrying 101 trucks and 5 vehicles, left.

Nile Stock Exchange records a decrease of 0.43% on Tuesday, 22 January 2019.recording 469.67 points on the shares of 11 companies during the 1,404 million shares executed over 177 transactions; the total value traded recorded 1,122 thousand. Total Market Cap LE 245 million
COMPANY NAMEP.C.CLOSE%CHGVALUE (LE) VOLUMETRADESMARKET CAP (LE MILLION)
The Egyptian Modern Education Systems
1.0221.011-1.0837,981.9337,575932
Misr Kuwait Investment & Trading Co.
0.9000.9000.001.712218
Barbary Investment Group ( BIG)
1.0781.049-2.69806,898.63769,31710432
International Company For Fertilizers & Chemicals
1.2781.2780.0019,510.0016,000629
International company For Medical Industries -ICMI
0.5910.5910.0025,675.0045,000714
Brothers Solidarity For Real Estate Investment&Food Security
1.9201.824-5.0075,686.8841,495177
Arab Development & Real Estate Investment
0.3530.3530.002,572.007,300221
M.B Engineering
0.5000.5102.0038,788.0576,055834
Genial Tours
2.8002.8000.0010,906.004,100213
Union Pharmacist Company For Medical Services and Investment
1.4611.4610.004,154.982,982220
Arabian Rocks Plastic Industries
0.2400.2462.5099,491.52404,0001825

Investing.com –

Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Agriculture & Food, Cement and Insurance sectors led shares lower.
At the close in Saudi Arabia, the Tadawul All Share lost 0.03%.
The best performers of the session on the Tadawul All Share were Alujain Corporation (SE:2170), which rose 9.95% or 2.12 points to trade at 23.42 at the close. Meanwhile, Saudi Steel Pipe Company (SE:1320) added 8.40% or 1.52 points to end at 19.62 and Saudi Industrial Services Co. (SE:2190) was up 3.78% or 0.42 points to 11.54 in late trade.
The worst performers of the session were Saudi Cable Company (SE:2110), which fell 3.13% or 1.40 points to trade at 43.30 at the close. United Int Transportation Company (SE:4260) declined 2.42% or 0.70 points to end at 28.20 and Mobile Telecommunications Company (SE:7030) was down 1.90% or 0.18 points to 9.30.
Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 100 to 75 and 16 ended unchanged.
Crude oil for March delivery was down 1.52% or 0.82 to $53.22 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.37% or 0.86 to hit $61.88 a barrel, while the February Gold Futures contract fell 0.03% or 0.35 to trade at $1282.25 a troy ounce.
EUR/SAR was down 0.09% to 4.2581, while USD/SAR rose 0.00% to 3.7505.
The US Dollar Index Futures was up 0.07% at 96.058.

TOKYO (AP) —



Toyota Motor Corp. and Panasonic Corp. are setting up a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns about global warming.

The Japanese automaker and the Japanese electronics maker said in a joint statement Tuesday that Toyota will take a 51 percent stake and Panasonic 49 percent in the joint venture, which is to be running by the end of 2020.

The companies have been studying working together on batteries since 2017. They did not say how much would be invested in the joint venture.



Panasonic will transfer equipment, assets and workers from its plants in Japan and China to the joint venture, which will employ 3,500 workers from both companies.

Separately, Panasonic already has invested in a battery factory with U.S. electric car maker Tesla Inc.

Innovations in batteries are critical for electric vehicles, with charging times and costs key obstacles.

Toyota, Japan's No. 1 automaker, is thought to have fallen behind rival Nissan Motor Co. in pioneering electric vehicles, and has been trying to catch up in recent years.

The companies said the auto sector was trying to meet various challenges that require innovation, including autonomous driving and car-sharing services.

"Today's automotive world is also being called on by society to help find solutions to such issues as those related to global warming, resources and energy," they said in a joint statement.
uted.

(Bloomberg) –

The International Monetary Fund’s deputy research head warned that the U.S. can’t continue expanding beyond its potential growth rate for very long, even as the fund left its growth forecast for the world’s largest economy unchanged, adding that Washington will need to address its budget deficit.
“In the U.S. we have what we call pro-cyclical fiscal policy, we have the economy virtually at full employment but a large fiscal deficit and that is something that will have to be addressed,” Gian Maria Milesi-Ferretti, deputy director of the IMF’s research department, told Tom Keene in a Bloomberg TV interview from Davos.
The IMF on Monday cut its forecast for the world economy, predicting it will grow at the weakest pace in three years in 2019 and warning fresh trade tensions would spell further trouble. Still, the fund left its projection for the U.S. unchanged at 2.5 percent.
“The U.S. comes out of a very protracted expansion,” Milesi-Ferretti said. “But it cannot continue to grow much above its potential growth rate for a very long time simply because the unemployment rate is already so low.”

The Minister of Petroleum and Mineral Resources confirmed that a work program is being implemented to expand petrochemical projects to meet the needs of the growing local market of these vital products, whether by adding new projects or production units for existing projects.

The Petroleum Society of Egypt organized an expanded seminar on 20 January 2019 under the title "Petroleum Sector ... Strategy and Achievements" in the presence of a large number of leaders of the Petroleum Sector and members of the Assembly and MPs. The Minister of Petroleum and Mineral Resources, Tarek Al-Mulla reviewed the most important indicators of achievements during the period 2014 to 2018 in the oil sector.

Egypt ranked among the top 20 in terms of the share of the government's public debt in GDP, ranking 14th out of 114 countries around the world by 92.5% after France directly, according to the latest data issued by the International Monetary Fund last October.

The International Monetary Fund (IMF) has confirmed weak global expansion, adding that the expected 2018 growth is estimated at 3.7%, previously forecasted in the October 2018 World Economic Outlook, despite poor performance in some economies and notably in Europe and Asia.

The International Monetary Fund (IMF) said that while global growth in 2018 is close to the high levels following the crisis, the global economy has begun to weaken and at a somewhat faster rate than previously expected.

Global expansion has been weakened and global growth is estimated at 3.7% for 2018, as forecast in the October 2018 World Economic Outlook.

Suez Canal revenues last December were $ 471.8 million, a slight increase over the same period last year, which recorded $ 471.5 million, according to the website of the Information and Decision Support Center of the prime minister.

Wam

The Abu Dhabi National Oil Company, ADNOC, has been named the most valuable brand in the Middle East, by Brand Finance, the world’s leading brand valuation and strategy consultancy.

ADNOC, is the first regional oil and gas company to be featured in the annual Brand Finance Global 500 report with a brand valuation of US $8.9 billion (AED 32.69 billion). It is one of five Middle East brands included in the list of the world’s 500 most valuable brands.



Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO said, "In line with the leadership’s guidance, ADNOC has been undergoing a significant business transformation, underpinned by innovative partnerships and investments that are key to unlocking and maximising value across our full portfolio.

"ADNOC’s transformation and growth strategy has been supported by transparent, proactive and strategic communications and marketing, which have played a critical role in reinforcing the scale of our business, the size of our contribution to the UAE’s economy, and the extent of our impact on the global oil and gas industry.

"This honour is a well-deserved recognition of the hard work and dedication of all our employees who are reshaping the company, as we forge ahead with our integrated 2030 growth strategy and further unlock, enhance and create value from all our resources," Dr. Al Jaber added.

In addition to ADNOC, two other UAE brands, Etisalat and Emirates, are included in the Brand Finance Global 500 list which is headed by Amazon and also includes IBM, Shell, Mercedes-Benz, Samsung and China’s State Grid, Asia’s most valuable B2B brand.

David Haigh, CEO of Brand Finance, said, "As ADNOC leverages the opportunities being created by the evolving energy market, its brand value has demonstrated significant growth. Its debut in our ranking of the world’s top 500 most valuable brands, and as the most valuable Middle East brand, is a testament to its on-going commitment to becoming the National Oil Company brand of the future and its role as a powerful catalyst for economic growth, diversification, in-country value creation and foreign direct investment into the UAE."

Over the last two and half years, ADNOC has consolidated its businesses and unified its brand identify; entered the global capital markets for the first time; launched the first ever IPO of an ADNOC business; opened-up concessions to new strategic partners; competitively tendered new exploration blocks; embarked on a comprehensive digital transformation and taken its first steps to expand internationally.

Brand value is understood as the net economic benefit that a brand owner would achieve by licensing the brand in the open market. Brand strength is assessed through a balanced scorecard of factors, including marketing investment, stakeholder equity, and business performance, and is used to determine what proportion of a business’s revenue is contributed by the brand.

Founded in 1996, Brand Finance is the world’s leading independent branded business valuation and strategy consultancy. Headquartered in the City of London, we are present in over 20 countries. Every year Brand Finance values over 3,500 brands - across all sectors and geographies. The 500 most valuable brands are included in the Brand Finance Global 500 2019 league table.

(Bloomberg) –

The International Monetary Fund’s deputy research head warned that the U.S. can’t continue expanding beyond its potential growth rate for very long, even as the fund left its growth forecast for the world’s largest economy unchanged, adding that Washington will need to address its budget deficit.
“In the U.S. we have what we call pro-cyclical fiscal policy, we have the economy virtually at full employment but a large fiscal deficit and that is something that will have to be addressed,” Gian Maria Milesi-Ferretti, deputy director of the IMF’s research department, told Tom Keene in a Bloomberg TV interview from Davos.
The IMF on Monday cut its forecast for the world economy, predicting it will grow at the weakest pace in three years in 2019 and warning fresh trade tensions would spell further trouble. Still, the fund left its projection for the U.S. unchanged at 2.5 percent.
“The U.S. comes out of a very protracted expansion,” Milesi-Ferretti said. “But it cannot continue to grow much above its potential growth rate for a very long time simply because the unemployment rate is already so low.”

Al-Mal:
The government plans to upgrade six oil refineries at a cost of about $9 billion over four years to expand local oil production to 41 million tonnes a year, according to petroleum minister Tarek El Molla.

During a conference in Cairo, he said that the aim was to secure crude oil supplies for refineries to increase the volume of refined products.

Currently, the minsitry of petroleum has eight refineries with a capacity of 38 million tonnes, of which only 25 million tonnes are utilized.
Al-Mal:
China has signed a deal to lend Egypt $1.2bn for the construction of a 68km electric railway running from the outskirts of Cairo to the planned New Administrative Capital in the desert to the east of the capital, Global Construction Review reported.
The new railway will link the 10th of Ramadan City outside Cairo to the new capital, taking in El Salam and other new cities.

The loan from China Exim Bank, signed on 16 January, comprises $739m at an interest rate of 1.8% for infrastructure, and $461m with a 2% interest rate for the trains, reported Daily News Egypt.

The loan is to be repaid over 15 years, with a five-year grace period. An initial agreement for the loan was signed in September 2018 during the visit of President Abdel Fatah El-Sisi to China.

Officials said there would be 11 stations, and that the speed of the trains would reach 120km/h.