amwalalghad :: Banks

Your English Portal To Arab Economy

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        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Canal Shipping Agencies   7.39        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        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

Mohamed Hamdy - 2018-01-13 11:06:46
The total value of mortgage granted by mortgage companies in the first 11 months of 2017 recorded 1.4 billion Egyptian pounds compared one billion pounds in the same period a year earlier, with an increase of 46 percent. Moreover,  The mortgage companies have granted funds of  8.3 billion Egyptian pounds from the beginning of the mortgage activity accumulative portfolio till the end of end November 2017  comparing to a total value of 6.8 billion pounds in the corresponding period of 2016, with an increase of 23.2 percent. More»
Amwal Al Ghad English - 2018-01-11 12:18:51
Egypt’s external debt has reached $81 billion, the country’s finance minister said in a television interview on Wednesday. The Egyptian government has developed a new strategy concerning lowering the debt levels for the upcoming financial year, Amr el-Garhy said. Egypt’s foreign debt rose to $79 billion in the 2016-17 fiscal year which ended in June, up 42 percent from 2015-16, the central bank announced in late September, stressing that “foreign debt is within the safe amounts as per international standards.” The cash-strapped country has been borrowing from abroad to fund its budget deficit and boost its balance of foreign reserves after a years-long dollar shortage sapped its ability to import and slowed economic activity. More»
Amwal Al Ghad English - 2018-01-11 07:06:12
The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks involved, describing the currencies as volatile and unstable in value due to unmonitored exchanges. The CBE warned that those dealing with virtual currencies will be at risk of great losses, reported Al-Masry Al-Youm. In a statement issued by the CBE yesterday, the bank explained that these cryptocurrencies are not issued by any central bank or any centralized authority, highlight the increased risk. Therefore, the CBE recommended that currency exchange in Egypt should only occur through Central-Bank-authorized currencies, warning Egyptians to be careful and not to involve themselves in high-risk transactions. Developed by Satonshi Nakameoto in 2009, Bitcoin is the first ever decentralized currency, meaning it operates without a fixer, such as a central bank. The currency is virtual, so all of its transactions happen online and the money itself is untouchable. The transactions take place through cryptography, which has even led to religious contention. Cryptography is a practice of securing communication by using a code, otherwise known as encryption. Ten days ago, Egypt’s Dar al-Ifta, the primary Islamic legislator in Egypt, deemed the Bitcoin currency as forbidden in Islam, accusing it of being used to fund terrorism. The number of Bitcoin users increased drastically in recent years. Since 2013, the number of Bitcoin users around the world jumped from 300,000 to 1.3 million. Further, in 2014, major companies such as Paypal, Microsoft, Dell, and PwC began accepting Bitcoin as part of their transactions. Forbes named the Bitcoin the best investment of 2013 and in 2015 it topped Bloomberg’s currency tables. More»
Amwal Al Ghad English - 2018-01-10 14:51:28
Egypt’s gross domestic product is projected to grow to 4.9 percent by 2018, suggesting ongoing reforms and improved business climate provide further impetus to industrial activity and exports, the World Bank has said. The report, Global Economic Prospects 2018: Middle East and North Africa released on Tuesday, said that Egypt’s growth remained broadly stable at 4.2 percent in financial year 2017, which started from July 1, 2016 and ended on June 30, 2017. The devaluation of the Egyptian currency has had a positive impact on competitiveness in the country, contributing to strong industrial production, investment, and exports in the second half of the fiscal year, the World Bank report showed. It said that Egypt experienced strong industrial production, investment, and exports, supported by the effects of the devaluation on competitiveness. In Egypt, the move to a floating exchange rate has improved competitiveness and provided a needed boost to industrial activity and exports, which are expected to strengthen further as the business climate improves. There is scope for a further recovery of tourism, an important revenue source in oil importers (e.g., Egypt and Morocco), if geopolitical tensions remain contained, the report said. The report went on to state that growth in the Middle East and North Africa is estimated to have slowed sharply to 1.8 percent in 2017 from 5 percent the year before. More»
Mohamed Hamdy - 2018-01-10 14:45:37
Egypt’s state-run Industrial Development and Workers Bank (IDWBE) seeks to pump funds of 450 million Egyptian pounds ($25.4 million) into small and medium-sized businesses, with interest rates of 5 percent, 7 percent and 12 percent. The funds are in line with the Central Bank of Egypt's SMEs initiative, IDWBE's Vice Chairman Hamdy Azzam said on Wednesday. In 2016, the central bank sent its directives to the Egyptian banks to give out 20 percent of their total loans portfolio to SMEs. This will provide 350,000 SMEs with 200 billion pounds in four years at 5 percent interest rate. IDWBE has pumped 350 million pounds in favour of the initiative, amidst plans to inject more within the current year, Azzam told Amwal Al Ghad.The bank's SME's portfolio has recorded one billion  pounds by the end of 2017, and targets a growth rate of 50 percent within the current year. More»