amwalalghad :: Financial Institutions

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        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        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        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 - Financial Institutions

Amwal Al Ghad English - 2017-03-21 19:12:14
The Kuwait-based Arab Fund for Economic and Social Development (AFESD) is studying contributing 25 million Kuwaiti dinars ($82 million) to development projects in the Sinai Peninsula, its chairman Abdlatif Y. Al-Hamad announced Monday. The Arab Fund intends to take part in financing ‘ambitious’ development projects in Sinai in sectors of reclamation and drinking water, Al-Hamad said on the sidelines of Economic Research Forum’s annual conference in Amman, Jordan. More»
Islam Salah, Mohamed Hamdy & Islam Abdelhameed - 2017-03-21 18:04:27
Foreign investments in Egypt’s governmental treasury bonds and bills have risen to $4 billion after the country floated its currency on Nov. 3rd, said Deputy finance minister Ahmed Kouchouk on Tuesday. Before pound floatation, foreign investments in the government debt instruments, including treasury bonds and treasury bills, had recorded around $900 million, Kojak added. The increase in foreign investments will contribute to ease financial burdens on the Egyptian government, he stated.On November 3rd, Egypt took a dramatic step as it devalued its currency by a third and allowed its pound to float freely in an effort to attract inflows of capital and close down a booming black market in dollars. More»
Sanaa Allam - 2017-03-21 12:12:47
Egypt and the European Union implemented around 35 projects worth €70 million ($75.7 million) for institutional twinning over the past 10 years, said an official in the Egyptian Ministry of International Cooperation on Monday. The institutional twinning project comes as part of the EU-led technical support programme, Dalia Salem, Head of European Cooperation sector from the Ministry of International Cooperation, further said during a conference in Cairo. The Ministry is currently negotiating with the EU to start new twinning projects soon, Salem added. Institutional twinning is an initiative of the European Commission that was launched in 1998 in the context of the preparation for enlargement of the European Union. Now, twinning is a joint implementation tool provided, by the Support to the Association Agreement Programme (SAAP) in Egypt, to raise institutional capacities of governmental bodies through providing the experience of a twin European institution. It follows a process starting with the governmental beneficiary reflecting its desire to benefit from the European expertise in its field of work and approximate European and Egyptian legislation. Nevertheless, the national priorities are maintained whilst developing the projects, and also within the context of the Action Plan. More»
Sayed Badr - 2017-03-20 15:52:34
Egypt and China have signed Monday a grant of $71 million to establish an Egyptian satellite and training centre for the Suez Canal Economic Zone Authority (SCZone). Egyptian Minister of International Cooperation Sahar Nasr and China’s ambassador to Cairo, Song Aiguo have signed the grant agreement in Cairo. The grant aims to finance the launch of the Egyptian satellite Egypt Sat 2 and the General Authority for Suez Canal Economic Zone’s training centre, Minister Nasr told reporters. More»
Islam Abdelhameed - 2017-03-19 15:21:59
Arab Misr Insurance Group – GIG has won a tender to provide insurance cover for one of Egypt’s largest public firms, Egyptian Iron and Steel (HADISOLB), sources with knowledge told Amwal Al Ghad on Saturday. HADISOLB’s policy is a one-year term, with total sum insured of around 25 billion Egyptian pounds ($1.4 billion), the sources said. The policy will insure HADISOLB’s assets, properties, and premises against damages from fire, burglary, and explosion. It will also cover damages from earthquakes, storms, volcanoes, and explosion of water pipelines, the sources added. More»
Amwal Al Ghad English - 2017-03-18 14:48:27
Egypt’s economy is expected to grow by 4 percent this year, Stephen Dick, Vice President at credit rating agency Moody’s, told CNBC Arabia on Thursday. Hess further said that Egypt witnessed some major changes since late 2016, most significantly receiving the first tranche of the International Monetary Fund’s loan and adopting a number of effective reforms, which in return would positively affect its medium-term credit ratings. Egypt’s economy can grow between 4 and 5 percent in the medium term, Hess added, saying these forecasts are subject to the application of the reforms and the return of foreign investments. Moody’s official referred to some challenges that still haunting Egypt’s economy such as the rise in the inflation rate, which exceeded 30 percent last February driven by the floatation of the pound currency. Yet, Hess asserted that there are some encouraging indicators that signal  some improvements in the country’s economic growth rates.This story was translated by Amwal Al Ghad English More»
Amwal Al Ghad English - 2017-03-16 12:57:09
A letter exploded Thursday when it was opened at the International Monetary Fund (IMF) offices in central Paris, wounding one person in the face . Police said there had been telephone threats against the IMF but it was not clear if they were linked to the explosive device. It was also unclear who had sent the device. Christine Lagarde, the head of the IMF, said in a statement: “I have been informed about the the explosion in the IMF’s Paris office, which caused injuries to one of our staff. I have been in touch with the office, and my compassion goes to the colleagues there. “I condemn this cowardly act of violence and reaffirm the IMF’s resolve to continue our work in line with our mandate. We are working closely with the French authorities to investigate this incident and ensure the safety of our staff.” The incident, just six weeks before a presidential election, comes as a militant Greek group, Conspiracy of Fire Cells, claimed responsibility for a parcel bomb mailed to German finance minister Wolfgang Schäuble. France remains in a state of emergency after a string of deadly Islamic extremist attacks over the past two years. More»
Amwal Al Ghad English - 2017-03-16 10:01:08
Egypt expects to receive the second tranche of a $12 billion International Monetary Fund loan in May or June, the country’s Finance Minister Amr el-Garhy told Reuters on Thursday. Egypt agreed earlier with the IMF in November on a $12 billion three-year loan programme to support government efforts to reduce its budget deficit and balance its currency market. More»
Amwal Al Ghad English - 2017-03-15 11:33:52
A delegation from the International Monetary Fund (IMF) will visit Egypt from April 28 to May 8, Reuters quoted Egyptian Finance Minister Amr El-Garhy as saying on Wednesday. In November, Egypt agreed on a three-year loan deal with the IMF, which involved tough economic reforms such as narrowing its budget deficit and letting the Egyptian pound float freely in the exchange market. The IMF said last month it planned to complete its first review of the programme around June this year. More»
Amwal Al Ghad English - 2017-03-12 19:55:41
Egypt’s Misr Life Insurance has won a tender to provide medical insurance policy designated for the employees in the country’s largest state-run lender, National Bank of Egypt (NBE). The insurance policy is to ensure around 177,000 employees in the bank, Misr Life Insurance’s chairman Ahmed Abdel-Aziz said in a statement on Saturday. More»