amwalalghad :: Banks

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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

Amgad Ali - 2017-01-01 13:24:25
Remittances from Egyptian expats in November were up 33.2 percent compared to the previous month, a recent report by the Egyptian central bank showed. November’s remittances rose for the second consecutive month to record $1.7 billion, compared to $1.3 billion in October, the report added. The state saw a 35.7 percent rise in remittances to reach $1.3 billion during October, compared to $937.3 million in September. More»
Amwal Al Ghad English - 2017-01-01 07:52:36
Net foreign direct investments (FDI) in Egypt increased by 36% in the first quarter of the fiscal year 2016-2017, according to a recent report by the central bank of Egypt (CBE). FDI amounted to $1.9 billion in Q1 compared to around $1.4 billion in the same period last year, the report showed. The increase is attributed to a rise in investments pumped into the oil sector by 221.5% as reached $495.5 million, compared to $154.1 million in the same quarter in the year before. Foreign direct investments totalled $6.84 billion in FY 2015-2016 up from $6.4 billion in FY 2014-2015. More»
Amwal Al Ghad English - 2016-12-31 13:07:39
Two prestigious magazines have recently named Abu Dhabi Islamic Bank (ADIB) – Egypt as the best Islamic bank in the region. ADIB-Egypt has received the Best Islamic Bank in North Africa for 2016 award from the Islamic Business and Finance (IBF) and the Best Islamic Retail Bank award from Banker Africa magazine. IBF is one of the most renowned banking and economic publications offering annual awards to recognize Islamic banks and financial institutions that demonstrate the highest industry standards and that constantly strive to develop Islamic finance. Banker Africa is widely recognized as the only pan-African monthly banking title voicing Africa's banking elite. Zohair Edris, acting CEO for ADIB-Egypt, said the awards are a testament to ADIB-Egypt’s continuous efforts and devotion to meet the ever growing and sophisticated demands of its customers. The IBF and Banker Africa awards are new additions to ADIB Egypt’s record as it was named earlier in April the Best Islamic Financial Institution in Egypt’ for the year 2016 award by Global Finance Magazine. In 2015, the bank won six international awards including: Islamic Finance News (IFN)’s the “Best Islamic Bank for Treasury Management”, “Best Islamic Private Bank”, “Best Islamic Bank – North Africa”, and “Most Innovative Islamic Bank”, alongside Banker Africa’s “Best Islamic Corporate Bank in North Africa”, “Best Islamic Commercial Bank in Africa”. More»
Amwal Al Ghad English - 2016-12-31 10:29:02
Italy's third biggest lender Banca Monte dei Paschi di Siena, which is being bailed out by the state, plans to issue €15 billion ($15.8 billion) of debt next year to restore liquidity and boost investor confidence, several newspapers said Friday. The debt sales would be supported by government guarantees which form part of a liquidity scheme for banks in need which the European Commission has agreed to extend for six months. Under EU state aid rules, banks with a capital shortfall cannot benefit from general liquidity support schemes, meaning the Commission takes decisions on a case-by-case basis, as it did for Monte dei Paschi. According to daily La Repubblica, Monte dei Paschi would issue the debt in the form of bonds and commercial paper. A third of that debt would have a short-term maturity date, while the rest would mature in three years, it added. The bank could not immediately be reached for comment. Monte dei Paschi, Italy's third biggest lender and the world's oldest, had to ask Rome for help after failing to win investor backing for a share issue meant to keep it afloat. The bank said on Monday the European Central Bank had estimated its capital shortfall at €8.8 billion, compared with a 5 billion euro gap previously indicated by the bank. The Treasury may have to put up around 6.6 billion euros to salvage the lender, including 2 billion euros to compensate around 40,000 retail bond holders, the Bank of Italy said on Thursday, while the rest will come from the forced conversion of the bank's subordinated bonds into shares. More»
Amwal Al Ghad English - 2016-12-31 09:14:14
Egypt's overall balance of payments (BoP) registered a surplus of $1.9 billion in the first quarter of the current 2016/17 fiscal year, an improvement on the deficit of $3.7 billion in the same period the year before, the Central Bank of Egypt (CBE) said in a statement on Thursday. The CBE has attributed the overall surplus to the performance of the capital and financial account, which saw a surge in net inflow to reach $7.1 billion, as opposed to $1.6 billion in the same period the previous year, the statement said. The current account deficit dropped by 13.4 percent from July to September 2016 to record $8.7 billion from $10 billion in the same period last year, due to a rise in commodity exports and a slump in import payments. More»