amwalalghad :: Banks

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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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Misr Chemical Industries   5.65        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        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        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        


Business - Banks

Islam Salah & Sayed Badr - 2017-03-23 10:43:08
Egypt is negotiating the third and final $1 billion tranche of a $3 billion World Bank loan to support a government economic reform programme, Minister of International Cooperation announced Wednesday. The World Bank announced earlier on Monday that it had handed over the second $1 billion tranche to Egypt, with the funds intended for fiscal consolidation, ensuring energy supply, and enhancing competitiveness in the private sector. Following the transfer of the funds, Minister of Investment and International Cooperation Sahar Nasr met in Cairo with a high-level World Bank mission that has been visiting Egypt since mid-March. They discussed efforts to improve the business environment and advance Egypt's ranking in the Doing Business Report, according to statement on the ministry’s website. The annual report examines regulations and regulatory processes involved in setting up and operating a business in different economies worldwide. The current portfolio of the World Bank in Egypt includes 26 projects with a total commitment of $5.92 billion, according to the bank’s data. More»
Amwal Al Ghad English - 2017-03-22 11:03:41
The European Bank for Reconstruction and Development expects to invest about 1 billion euros ($1.1 billion) in Egypt this year, following a revival in investor interest after the country floated its pound currency in November, EBRD officials revealed Tuesday. The EBRD has invested 2.3 billion euros in 42 projects in Egypt since it began operations there in 2012, making the country the bank's third-biggest investment destination worldwide. The bank, which works with companies to support market economies and develop the private sector, had hoped to work on more projects last year but a foreign currency shortage in Egypt caused many investors to put their plans on hold. "There's been more investor interest in Egypt since the currency reforms and some of the other economic reforms that Egypt is undertaking," Janet Heckman, the managing director for the southern and eastern Mediterranean, told Reuters in Cairo. Egypt has struggled to revive its economy since the 2011 uprising that ended Hosni Mubarak's 30-year rule and ushered in a period of instability that scared off investors and tourists, key earners of foreign exchange in the import-dependent country. Supporting Egypt's dollar peg had drained the central bank's foreign reserves, forcing it to impose capital controls. In November, Egypt's central bank floated the pound, in a dramatic move that has seen the currency halve in value. The flotation helped Egypt clinch a $12 billion IMF loan to support a government reform programme. The EBRD welcomed the liberalisation of the currency at the time and Catarina Bjorlin Hansen, the bank's deputy head for Egypt, said interest from private sector investors had picked up. "In the autumn things slowed as people put on hold projects both before and after the devaluation. In February, we saw companies resume activity," Hansen told Reuters. "I am optimistic but it is important to stick to the plan and not to take any shortcuts, which is tempting when things get cumbersome." Hansen said the EBRD was expecting to invest in a larger number of smaller projects this year than the 17 it worked on last year. Established in 1991 after the fall of communism in eastern Europe, the EBRD expanded its remit to the southern and eastern Mediterranean in the wake of the Arab uprisings of 2011. More»
Sayed Badr - 2017-03-21 17:31:46
The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), European Union, and the French Development Agency (AFD) have launched Tuesday their new Green Economy Financing Facility (GEFF) for Egypt. The GEFF programme will include providing soft loans worth €140 million ($151.4 million) for energy efficiency and small-scale renewable energy investments by private companies through a group of participating banks. The National Bank of Kuwait-Egypt (NBK) and Qatar National Bank (QNB) were the first to participate in the GEFF with the aim of achieving energy security. The loans are combined with technical support to develop projects and win incentives for the successful completion of investments, resulting in producing products aimed at promoting energy efficient and renewable energy technology, as well as raising awareness, reducing operating costs, and improving competitiveness. The programme is supported by an EU grant worth €23.8 million. The European Union Neighbourhood Investment Facility (EU NIF) is providing the funds for incentives to complete investments, while the comprehensive technical-assistance package is jointly funded by EU NIF and EBRD’s Shareholder Special Fund. “The programme is aimed at small and medium enterprises (SMEs), not large industrial innovators. We target private-sector companies working in all sectors of the economy,” said Janet Heckman, EBRD managing director for the southern and eastern Mediterranean (SEMED) region. GEFF is the latest in a series of similar programmes led by EBRD, rolled out so far in 24 countries, in cooperation with 120 local financial partners. More»
Sayed Badr - 2017-03-21 11:44:00
The European Bank for Reconstruction and Development (EBRD) has so far invested in Egypt around €47.6 million ($51.5 million) since the beginning of the current year, an official in the bank said Tuesday. The EBRD has invested around €2.34 billion in Egypt through 44 projects since the start of its activities in the country at the end of 2012, Janet Heckman, EBRD managing director for the southern and eastern Mediterranean (SEMED) region, further said. Private sector accounts for around 66 percent of the EBRD’s portfolio in Egypt, Heckman added. More»
Amwal Al Ghad English - 2017-03-21 08:12:21
The World Bank (WB) disbursed Monday $ 1 billion to Egypt for the second financial consolidation, sustainable energy, and competitiveness Programmatic Development Policy Financing (DPF), a statement by the WB announced on Monday. This is the second operation in a series of three DPFs. The DPFs support the country’s inclusive economic reform program. Key to this are efforts to create jobs, spur growth, and attract new investment. More»