amwalalghad :: Banks

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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 - 2017-12-28 06:49:43
Egyptian banks will be closed next Monday, the Central Bank of Egypt (CBE) said Wednesday in a statement. As usual, every year banks in Egypt will close on the first of January, as financial year of the banks end on December 31. The statement confirmed that work will start again on Tuesday. More»
Mohamed Hamdy - 2017-12-27 12:48:16
Egypt’s second-largest state bank, Banque Misr is considering raising around 33.3 billion Egyptian pounds ($1.8 billion) for a number of major joint funding deals in the country. The deals will be totalling around 81.3 billion pounds in favour of several sectors, including specialised contracting, maritime transport, electricity, energy, and fertilisers, the bank added in a statement on Wednesday. More»
Fatma Nashaat - 2017-12-27 11:50:19
The European Bank for Reconstruction and Development has signed Wednesday a $200 million loan agreement to finance the modernisation of gas infrastructure facilities in Egypt.Egyptian Minister of Investment and International Cooperation Sahar Nasr and Eric Rasmussen, EBRD Director for natural Resources, signed the agreement in the ministry's headquarters in Cairo. Aiming to improve energy efficiency and reduce impacts on the environment, the loan will be extended to the Egyptian Natural Gas Holding Company (EGAS) and its subsidiary Egyptian Natural Gas Company (GASCO). It will fund the introduction of state-of-the-art technologies to recover waste heat from gas turbines used to drive gas compressors. The recovered heat will be used to produce additional energy, which will drive new electric compressors and replace fuels on-site. The introduction of new technology will lead to a reduction of over 250,000 tonnes of carbon-dioxide equivalent (CO2e) per year. Egypt has an energy intensive economy compared to its neighbouring regional countries, making it among the top five greenhouse gas (GHG) emitting countries within the EBRD's countries of operation. “The rapid growth in power demand as well as gas supply shortages have given rise to supply concerns. This makes Investments in energy efficiency critical for Egypt, in order to meet its growing domestic energy demand and to achieve a sustainable balance in the energy sector.” EBRD said in a statement. With its Green Economy Transition (GET) approach, launched in 2015, the EBRD is strongly committed to supporting its countries of operations, and Egypt in particular, in adopting an environmentally-friendly model of development. Building on a decade of successful green investments, the bank seeks to increase the volume of green financing to 40 per cent of its annual business investment by 2020. “(This) project … demonstrates the EBRD's commitment to support Egypt and the country's sustainable and successful development.” Rasmussen said. To date, EBRD has invested €3.2 billion in 73 projects in Egypt. The EBRD's areas of investment include the financial sector, agribusiness, manufacturing and services, as well as infrastructure projects such as power, municipal water and wastewater services, and support for transport services. The bank has also provided technical assistance to more than 600 small and medium-sized local enterprises. More»
Ahmed Ali - 2017-12-27 10:52:27
Egypt’s foreign trade has reached $70.8 billion in the period since the country floated its currency in November 2016 until December 14, a central bank statement said on Wednesday. The foreign trade operations include paying documents for collection and credits as well as opening letters of credit. Egypt’s central bank floated the pound on November 3rd last year to unlock foreign currency inflows and crush a black market for dollars that had discouraged people from channelling foreign currency through the banking system. The currency float was part of a $12 billion International Monetary Fund loan programme, signed later in 2016, aimed at putting Egypt on the road to recovery after years of turmoil that drove foreign investors and tourists away. More»
Amwal Al Ghad English - 2017-12-27 09:02:27
The global economy found its post-crisis footing in 2017, with most major developing economies surprising on the upside. Comparing 2017 predictions made a year ago versus the likely outturn -- based on the latest forecasts in Bloomberg’s monthly survey -- shows that the pessimists called this one wrong. One of the biggest surprises was the euro area, set for its strongest expansion in a decade. At 2.3 percent, the expected growth is far above the 1.4 percent pace predicted at the start of the year. Even the U.K., which dropped to the bottom of the Group of Seven growth league, performed a little stronger than was expected. Tempering that small positive is the fact that it’s heading for its fourth straight slowdown in 2018, according to the latest projections. More»