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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        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        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        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        

Business - Banks

Mohamed Hamdy - 2018-03-06 12:09:45
The banks taking part in issuing Aman certificates for temporary and seasonal workers include the National Bank of Egypt (NBE), Banque Misr, Banque Du Caire, and Agriculture Bank of Egypt have succeeded in attracting a total outcome of 5.5 billion Egyptian pounds. The segments of Aman certificates are LE 500, LE 1,000, LE 1,500, LE 2,000 and LE 2,500.The duration of the certificate is three years at a rate of 16 percent, and it can be redeemed at any time. Both National Bank of Egypt (NBE) and Agriculture Bank of Egypt have captured the highest percentage of the total outcome. Prime Minister Sherif Ismail affirmed on Thursday that the Aman insurance certificate for temporary employment has no procedures or administrative documents, adding that it is worth LE 500 and can be doubled until it reaches LE 2,500. Ismail clarified that the Aman certificate’s monthly installment starts from LE 4, and its highest monthly installment is LE 20, with a benefit period of 5 years or 10 years. On March 1, President Abdel Fatah al-Sisi ordered the completion of the procedures of the insurance policies for temporary and seasonal workers within 15 days. More»
Amwal Al Ghad English - 2018-03-05 10:26:52
Egypt’s Emirates NBD Purchasing Managers’ Index (PMI) or the non-oil private sector fell to 49.7 in February, compared to 49.9 in January. Emirates NBD research said in a report on Monday that this decline refers to the contractionary of the Egyptian non-oil private sector, given that the headline figure was near from neutral 50.0 level which delineates contraction and expansion. The report added that the outlook remains fairly upbeat, especially with respect to recent annual averages. “The headline PMI figure has been on a broad uptrend since the economic reforms implemented as part of an IMF package began in November 2016, and in November exceeded the 50.0 mark for the first time in two years,” the report said. “In particular, new orders, new export orders, and business optimism were all in positive territory in the latest survey, supporting our view of a strengthening Egyptian economy, and our expectation that the headline figure will begin to broach the 50.0 level more consistently in the coming quarters,” the report clarified. More»
Aya SalahEddin, Yomna Yasser - 2018-03-05 08:47:19
Banque Du Caire is opening its doors to casual and temporary workers who want to get The Aman Certificate (Security Certificate) in order to get insurance coverage according to the head of the bank Tarek Fayed. Fayed has made these comments during his speech at the Builders of Egypt IV Forum, held on March 4, 2018, under the patronage of Prime Minister Sherif Ismail, in addition to a number of other ministers. Prime Minister Sherif Ismail announced last week the introduction of new certificates, “Aman” certificates, which will be introduced by a number of state banks and state insurance companies. The Aman Certificate (Security Certificate) is a new life insurance plan for casual and temporary workers. The certificates can be purchased without any fees or opening an account. They range from LE 500-2,500, providing insurance coverage and monthly pensions for casual workers with a 16 percent interest rate. The policy includes coverage for natural and accidental death and pays one-time benefits of LE 10,000-250,000 or monthly pensions of LE 200-1,000 over five years or LE 120-600 over 10 years. Official estimates show that the number of informal workers, including craftsmen, daily-hire workers and self-employed, is 15 million. More»
Ahmed Ali - 2018-03-04 13:55:32
Egypt’s foreign reserves rose to a new record high in February, data from the central bank showed on Sunday. The country’s reserves reached $42.524 billion at the end of February, up from $38.209 billion at the end of January, helped by a recent Eurobond sale, the central bank added. Egypt last month raised $4 billion in a dollar-denominated Eurobond sale to help plug its financing deficit and boost dollar holdings. Foreign reserves have been surging since the country secured a $12 billion three-year loan programme from the International Monetary Fund in 2016 as part of efforts to woo foreign investors and revive its ailing economy. Egypt roughly had $36 billion in reserves before an uprising in 2011 ushered in a period of political turmoil, scaring away tourists and foreign investors, key sources of hard currency. More»
Amwal Al Ghad English - 2018-03-03 07:04:51
The National Bank of Egypt, Banque Misr, Banque du Caire, and the Agricultural Bank of Egypt will offer the Safety Certificate for Egyptians next week, after it was launched by President Abdel Fattah al-Sisi on Thursday, during the inauguration of the New Alamein city. The Safety Certificate is a savings certificate in the local currency provided with a life insurance policy. The return is paid through the prepaid card in the first stage, or the mobile wallet is the second stage. The new certificate will be available at the banks on Sunday, in all Cairo and other governorates’ branches, said Yahya Aboul Fattouh, Vice President of the National Bank of Egypt. The certificate will be available for individuals aged between 18 to 59 years old for individuals, with a collective purchase of up to 54, he added. Sahar al-Damaty, Vice President of Banque Misr, said that basic features of the certificate are that they are nominal, as they can not be traded, endorsed, transferred, debited, or mortgaged to a party other than the bank. Subscription to this offer is limited to Egyptians only, regardless of whether they are current or new clients, she added. Damaty mentioned that the category of the certificate is LE500 and its multiples of upto LE2,500. She added that the duration of the certificate is 3 years and it is automatically renewed at the date of maturity in full nominal value, for another similar period only, according to the rates applicable at the date of renewal. The value of yield will be calculated after deducting the prepaid installments or the Mobile Wallet (in the second phase) for the customer on the due date, she added. Advantages include exempting them from the reserve ratio. It is not permissible to borrow with these certificates, she said. She added that the documents required to obtain the certificate include a copy of the valid identify card. The rate of return is up to 16 percent per annum and is disbursed at the end of the period. The insurance premium is paid from the return, and the rate of return on the certificate can be changed one year after the issuance of the certificate according to market developments, she mentioned. More»