amwalalghad :: Banks

Your English Portal To Arab Economy

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

Abdel Haleem El Gendy - 2017-04-19 16:28:32
A consortium of nine Egyptian and Arab banks has completed arranging a loan worth 1.8 billion Egyptian pounds ($99.1 million) for state-run Egyptian Natural Gas Holding Co (EGAS). The consortium comprises Banque Du Caire, Emirates NBD (ENBD), Arab Investment Bank (AIBK), Industrial Development and Workers Bank of Egypt (IDWBE), Export Development Bank of Egypt (EDBE), Egyptian Gulf Bank (EGBANK), Al Baraka Bank Egypt, National Bank of Greece - Egypt, and Al Ahli Bank of Kuwait – Egypt. Banque Du Caire acts as the lead arranger, facility agent, account bank, and loan promoter for the EGAS’s loan, banking sources with knowledge told Amwal Al Ghad on Tuesday. Designated to pay EGAS’ dues to foreign partners and local suppliers, the loan was fully disbursed last March,” the sources said. The following table demonstrates the banks’ contributions to the loan, Amwal Al Ghad quoted the sources as saying: More»
Ahmed Ali - 2017-04-18 11:54:11
Tarek Amer, governor of the Central Bank of Egypt, is heading his country’s high-level delegation of central bank officials to take part in this week’s IMF and World Bank spring meetings in Washington. The spring meetings event, an annual gathering that brings together over 1,000 participants from government, civil society, the private sector, the press and academia, will take place in Washington, DC, April 21-23, 2017. The meetings come at a crucial time for the economically-battered country, as Egypt is on track to receive the second tranche of a $12 billion three-year loan from the International Monetary Fund. In November, Egypt received $2.75 billion as the first tranche of $ 12 billon loan from the IMF. More»
Amwal Al Ghad English - 2017-04-18 10:51:13
The World Bank Group said Monday it forecast Egypt’s economy to grow by 4.6 percent in the 2017-18 financial year and 5.3 percent in the 2018-19 financial year. “GDP is expected to grow by 3.9 percent in FY17, and will be largely driven by public investment and to some extent net exports.” World Bank stated. The World Bank also expected private investment to pick up only in the second half of 2016-17 financial year, supported by “enhanced competitiveness following the depreciation of the currency and the gradual implementation of business climate reforms.” Tourism is also expected to steadily recover on the back of a weaker currency, the World Bank added. “Yet, growth will likely be undermined by slower growth of private consumption, which is expected to be negatively affected by record high inflation rates. Prudent monetary policy is projected to bring inflation down over the forecast horizon after the one-off effects of depreciation, subsidy reforms, and the introduction of VAT (value-added tax) dissipate.” According to the World Bank, the fiscal deficit is projected to narrow to 10.5 percent in FY17, contingent on the government’s commitment and ability to sustain its fiscal consolidation plan. More»
Amwal Al Ghad English - 2017-04-16 13:46:01
A high-level delegation from the World Bank has visited a social housing project in Badr City, located in north eastern Cairo. The delegation was accompanied by Kamal Bahgat, Egyptian New Urban Communities Authority's (NUCA) Vice President; Salah Hassan, Deputy Executive Director of the Social Housing Fund; and Ibrahim El-Dosoky, Badr City's Head. Ibrahim El-Dosoky has showed Sunday all the required details about Badr City, including the units alongside the services which were implemented and are being underway in the country's social housing project.Salah Hassan said that the social housing programme is one of the world's biggest projects dedicated to provide homes for low-income citizens. The project has already helped 53,000 families and is expected to benefit more than 820,000 low-income families by 2020, according to the World Bank, which stated that the project should be serving 3.6 million citizens upon completion. More»
Mohamed Hamdy & Sayed Badr - 2017-04-16 13:26:52
Egypt’s Misr Iran Development Bank (MIDB) says profits had risen to one billion Egyptian pounds ($55 million) during 2016, significantly benefited from the central bank move to float the currency on Nov 3. The country’s central bank decided on Nov 3 to freely float the pound and raise key interest rates as part of a set of reforms aimed at alleviating a dollar shortage and stabilising the national flagging economy. The bank’s net profit has amounted to around 480 million pounds, excluding the earnings made as a result of the pound float, chairman Ismail Hassan told Amwal Al Ghad on Sunday. Founded in 1975, Misr Iran Development Bank has current shareholding comprising Egyptian government through the National Investment Bank (29.93 percent), private-public Misr Insurance Company (16.06 percent), Misr Life Insurance (13.87 percent), and Tehran-based state-run Iran Foreign Investment Company (40.14 percent). More»