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        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        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 - 2017-12-27 07:54:31
The Egyptian Parliament approved  a €225 million ($267 million) agreement that was previously signed between the Investment Ministry and the German KfW Development Bank to support the economic reform program.For her part, Minister of Investment and International Cooperation Sahar Nasr expressed thanks and appreciation to the parliament members for approving a set of economic legislations for the interest of the Egyptian economy. Germany’s KfW Development Bank is providing about €1.8 billion for ongoing projects in Egypt, said Burkhard Hinz, director of KfW’s Cairo office, in late November in a conference. The KfW Development Bank has financed the establishment of some 900 basic education schools and carried out water projects that have benefited around four million persons in the Delta governorates, in addition to irrigation projects that serve about seven million persons across Egypt, he said. The latest economic legislation was the law on Joint Stock Companies, Partnerships Limited by Shares and Limited Liability Companies, known as Companies Act No. 159 of 1998. Nasr affirmed her keenness to attract more investments to Egypt during the coming period, particularly in the sectors of healthcare, education and infrastructure. Nasr said in mid-December in an official statement that Egypt has recently passed a new investment law and its executive regulations. The law includes a bundle of incentives and guarantees for investors, she said, adding that Egypt’s investment climate is suitable to receive an influx of new businesses. More»
Amwal Al Ghad English - 2017-12-26 10:51:48
Industrial Development and Workers Bank of Egypt (IDWBE) seeks to increase microfinance portfolio to one billion Egyptian Pounds ($55.9 million) by the end of the first quarter of 2018, according to Tarek Galal the Head of SMEs sector at IDWBE. The bank's current  microfinance portfolio has recorded 700 million Egyptian pounds, Galal added. The Bank is currently in talks with the Micro, Small, and Medium Enterprise Development Authority over a contract worth 50 million pounds to fund associations operating in small sized enterprises financing field, category 'B'. More»
Amwal Al Ghad English - 2017-12-26 07:07:54
Egypt will choose between four to five international banks to arrange the next euro bonds issuance, Finance Minister Amr El-Garhy told Reuters on Tuesday. “Egypt will conduct a short road show to promote euro bonds issuance during January”, he said. “About 22 banks have applied to arrange the latest Eurobond issuance”, he added. More»
Amwal Al Ghad English - 2017-12-25 14:36:56
Crédit Agricole Egypt announced Monday it has won the quality awards of JP Morgan Chase for the efficiency, consistency and the promptness of the banking transfers. With the 2017 awards, Crédit Agricole is classified as one of the best banks in the category of direct transfers (STP). Since 1997, the JPMorgan Chase awards are offered to banks to recognize their high quality of performance. CAE has joined the elite banks who understand the benefits of efficient accomplishments with minimum operational cost. More»
Amwal Al Ghad English - 2017-12-25 06:11:03
The latest $2 billion loan disbursement from the International Monetary Fund (IMF), which is set to be delivered to Egypt this week, will be allocated to reducing the budget deficit and the financing gap, a Central Bank official told state news agency MENA. This will bring the total amount disbursed under the loan programme to about $6.08 billion, according to the IMF. The IMF Executive Board completed on 20 December the second review of Egypt’s economic reform programme, under the $12 billion three-year Extended Fund Facility approved in November 2016. “Egypt’s reform programme is showing welcome signs of stabilisation, with GDP growth recovering, inflation moderating, fiscal consolidation on track, and international reserves at the highest level since 2011,” the IMF said in a statement. Egypt's foreign currency reserves reached $36.723 billion in November, up from $36.703 billion at the end of October. “By tightening monetary policy early in the year, the Central Bank of Egypt (CBE) has managed to reverse high inflation, which was the main risk to macroeconomic stability,” IMF First Deputy Managing Director and Acting Chair David Lipton stated. “The continuation of this disinflationary trend could open the door to a gradual easing of interest rates, but the CBE should remain vigilant and be prepared to tighten the monetary stance if demand pressures re-emerge,” Lipton added. Egypt's annual urban consumer price inflation fell to 26 percent in November from 30.8 percent in October. The next meeting for the CBE Monetary Policy Committee is scheduled on Thursday to decide on interest rates. “The banking system has also remained resilient to moderate shocks. The outlook is favourable, but will require sustained efforts to maintain prudent policies and advance structural reforms to support the authorities’ medium-term objective of inclusive growth and job creation,” according to Lipton. The CBE paid back $1.2 billion to the African Export Import Bank this month over two tranches, according to MENA. Egypt is also expected to pay back $700 million in January to the Paris Club, an informal group of official creditors who provide debt treatment to countries undertaking economic reforms. More»