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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        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        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        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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

Amwal Al Ghad English - 2018-02-11 06:46:08
Egypt is negotiating with Saudi Arabia and Kuwait to extend the maturity of deposits for a new term, high-level government sources told Al-Masry Al-Youm on Friday without disclosing the details of the extension. The two deposits are worth US$4 billion each and are due for recovery this year. The negotiations follow the approval of the renewal of a US$2.6 billion UAE deposit that Egypt received in 2013 and will be due this year, which has been renewed for a further five years. The sources, who asked to remain anonymous, estimated the amount of Arab deposits that Egypt has received between US$25 billion and US$30 billion. Egypt is expected to pay about US$13 billion in foreign liabilities until the end of 2018, while the sources confirmed the central bank’s commitment to repay debts and external liabilities on time, noting that some external commitments will be renewed and ensure cash flows during the coming period. The Central Bank of Egypt (CBE) stated on Wednesday that Egypt’s total foreign debt jumped to US$80.8 billion by end of December 2017, witnessing an increase of US$1.8 billion, compared to the end of June 2017. Foreign debts rose by 2.3 percent by the end of 2017, compared to the end of 2016 in which the debts amounted to US$67 billion, the CBE revealed. More»
Yomna Yasser - 2018-02-10 19:53:22
Egyptian prominent economic liberaliser and senior World Bank official Mahmoud Mohieldin will co-lead the Global Councils for Sustainable Development Goals Initiative, launched at a pre-World Government Summit (WGS) session heard in Dubai. The Global Councils for Sustainable Development Goals is a new initiative aimed at supporting global efforts to achieve the United Nations’ sustainable development goals (SDGs) 2030. The initiative will include major policy makers from different aspects, including representatives of governments of states, global organisations and agencies, business community, and academic institutions. Each council will have its chairperson and senior managers from more than 90 countries worldwide. The initiative will represent an innovative global platform that is conducive to exchanging views and experiences, and identifying best practices that can be translated into practical realistic applications in order to achieve SDGs. In addition to Mohieldin, the councils will be led by; More»
Mohamed Hamdy - 2018-02-08 13:21:44
The National Bank of Egypt, the oldest commercial lender in the country, has approved new funding of  250 million Egyptian pounds to finance 2.651 low-income citizen according to central bank of Egypt Mortgage initiative Karim Sous – Head of Retail Credit Risk Sector at NBE. The Central Bank of Egypt (CBE) launched mortgage initiative worth 10 billion Egyptian pounds in April 2014 for real estate financing involving funding housing for low-middle income classes at concessional terms over a period of 20 years. The money will be sent to banks, in the form of deposits, over a period of 20 years at low interest rates. Low-income citizens who qualify to benefit from the programme will be lent the money at yearly interest rate of 7% to 8%. According to Karim Sous - the bank has provided credit facilities worth 2.408 million Egyptian pounds (US$ 15,4 million) to  26.219 low-income citizens since the launch of the initiative. More»
Amwal Al Ghad English - 2018-02-08 10:07:40
The Central Bank of Egypt has approved Banque du Caire’s plan to set up a financial leasing arm for the bank with 500 million Egyptian pound in capital. The new company comes as part of BdC’s strategy to create new non-banking financing channels. Tarek Fayed, Chairman of BDC referred to the importance of establishing the new company as part of the its expansion plan. In addition,  The leasing activity contribute with funding leading companies along with small and medium companies. More»
Amwal Al Ghad English - 2018-02-08 08:17:36
The Bank of England's (BOE) upcoming policy meeting could go a long way in providing some positive sentiment in the U.K. economy, long burdened by sluggish growth and Brexit drama, according to analysts. Slightly sunnier forecasts for U.K. growth of late are leading analysts to believe the Bank will send a more hawkish signal from its monetary policy committee (MPC) on Thursday, indicating an interest rate hike in May. The last quarter of 2017 saw a 0.5 percent expansion for the U.K. economy, up from an expected 0.4 percent, boosted by the services sector. "A stronger growth outlook should encourage the BOE to speed up plans for gradual tightening, having signaled a glacial pace of one hike per year in the coming years," Lee Hardman, currency analyst at MUFG, said in a research note. "Barring another negative Brexit shock, we suspect that U.K. growth forecasts are likely to be revised even higher during this year." More»