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        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        Universal For Paper and Packag   4.94        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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        

Business - Banks

Amwal Al Ghad English - 2018-01-10 07:07:58
The Central Bank of Egypt (CBE) paid back around $700 million in debt to the Paris Club this week, the CBE announced Tuesday. The CBE had made another payment to the Paris Club worth another $700 million in July 2017. Paris Club is an informal group of official creditors who provide debt treatment to countries undertaking economic reforms. Egypt met its obligations to Paris Club creditors in 2017, a CBE source told state news agency MENA last week. In 2017, Egypt repaid around $30 billion in foreign debt and is set to pay back over $12 billion in 2018, MENA reported last week. External debt stood at $79.03 billion at the end of the 2016/17 fiscal year, up from $55.76 billion at the end of the previous fiscal year, according to CBE data. Egypt's foreign currency reserves reached $36.723 billion in November, exceeding the record $36 billion on the eve of the 2011 revolution. Egypt has been borrowing to plug its budget deficit, which decreased to 9.5 percent of GDP in the first nine months of 2016/2017, down from 11.5 percent the same period the previous year. More»
Islam Salah & Gehad Abdel Ghany - 2018-01-08 14:21:27
Egypt’s investment bank Pharos Holding says it is advising on two acquisitions valued at 2 billion Egyptian pounds ($113 million), through the first half of the current year. “The company seeks to complete the two acquisition deals within the first half of 2018,” Ahmed Heider, deputy head of Pharos’ investment banking division, told Amwal Al Ghad on Monday. The acquisitions are in the health and retail sectors, Heider said. More»
Amwal Al Ghad English - 2018-01-07 10:27:27
Egypt's Gross Domestic Product (GDP)  has recorded a growth of 3.6 percent  during the financial year 2016-2017 according to the Central Bank of Egypt monthly report. The report calcified that the GDP has achieved a growth rate of 3.6 percent with fixed prices to register 1974.2 billion Egyptian pounds during financial 2016-2017 compared to 1906.1 billio pounds during the precedent financial year. According to figures from the CBE, the most important sectors that have contributed in the GDP growth include wholesale and retail trade, real estate activities, construction, communication,  processing industries and general governing. More»
Amwal Al Ghad English - 2018-01-07 08:57:48
Japanese Prime Minister Shinzo Abe on Sunday called on central bank governor Haruhiko Kuroda to keep up efforts to reflate the economy, but added he was undecided on whether to reappoint Kuroda for another five-year term.Kuroda was handpicked by Abe to take the helm of the central bank in 2013 to deploy a massive stimulus program - part of the premier’s “Abenomics” reflationary policies - that helped boost growth but failed to drive up inflation to the bank’s target of 2 percent. Abe also said the government would continue to work with the central bank to boost growth, so that he could declare an official end to deflation at the earliest date possible. “Governor Kuroda has met my expectations with job availability at a 43-year high,” Abe said on public broadcaster NHK. “I want him to keep up his efforts. But I haven’t made up my mind,” on who should succeed Kuroda when his term ends in April, he added. Many analysts see a good chance that Kuroda will be reappointed when the government selects successors to him and his two deputies in coming months, decisions that need parliament’s approval. Abe said Japan’s economy was showing signs of emerging from deflation, with a tightening job market pushing up wages. “We’ll deploy all available policies so that we can declare an end to deflation at the earliest date possible,” Abe said. “It might not necessarily be this year, but the government and the BOJ must fulfill their responsibilities,” he added, so as to ensure conditions to bring about an end to deflation. The government looks at several factors, such as inflation data and the output gap, in determining whether the economy is sustainably out of deflation. Some policymakers are keen to declare an end to deflation, which would help Abe argue his policies succeeded in reflating the economy. But doing so could also give the BOJ justification to withdraw crisis-mode stimulus, some analysts say. More»
Mohamed Hamdy - 2018-01-06 13:34:36
Egypt’s Export Development Bank has provided around $1.5 billion in letters of credit to fund trade since the country floated its currency in early November last year, its Chairman Mervat Sultan said. Sultan told Amwal Al Ghad that the bank has collected so far a sum of $700 million from the clients. The bank has also launched a number of saving certificates including a triple certificate with a return up to 19.75 percent, which succeeded in attracting an amount of 700 million Egyptian pounds in early days of launch. Export Development Bank aims to increase its personal financing portfolio to an amount between 750 million pounds and one billion pounds during 2018. It is currently organising to launch products for personal loans and credit cards. The bank is also putting the small and medium enterprises a priority, thus it aims to increase the SMEs portfolio that registered 2.8 billion pounds by 35 percent during 2018, Sultan added. The bank is set to open five new branches during 2018 in Aswan, Beni Sue, Suez, the fifth Settlement, and Hurghada, increasing its network to 35 branches spread all over Egypt. More»