amwalalghad :: Business

Your English Portal To Arab Economy

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        


EBRD secures €23.4mn for Egyptian food producer Faragalla

Published 2015-11-28 18:22:51| Amwal Al Ghad English

The European Bank for Reconstruction and Development (EBRD) is providing 200 million Egyptian pounds (€23.4 million) to Egyptian food producer Faragalla in Egypt, to boost its financial capabilities and production capacities, the bank announced in a statement released on November 24th. Agribusiness remains an important sector of Egypt’s economy, driven mostly by family-owned businesses which face limited access to longer-term financing. The EBRD funds will support the permanent working capital needs of the company, helping to realise the full potential of its newly installed capacities. In addition, the funds will assist in expanding Faragalla’s production activities, with the aim of capturing a greater share of the growing local market and supporting exports to regional and international markets. “We are pleased to provide this much needed long-term financing to Faragalla to help increase the available working capital. Boosting Egypt’s agribusiness sector is part of the Bank’s strategy as it plays an important role along the food value chain and in economic growth.” said Philip Bennett, the First Vice President of the EBRD. Meanwhile, Farag Amer, Chairman of Faragalla Group, said: “We are happy about this collaboration between Faragalla Group and the EBRD. This investment is just the beginning of what we hope will be a continuous cooperation in the future. The Group also aims to implement corporate governance and to apply sound management strategies,with the EBRD’s help.” Funded by the EU’s Neighbourhood Investment Facility (NIF), technical capacity activities will focus on strengthening corporate governance and improving the sales and marketing functions. The EBRD made its first investment in Egypt in September 2012 and has built up a cumulative commitment of more than €1 billion to date. The EBRD is committed to providing long term support for the Egyptian economy with a programme that focuses on the financial, agribusiness, municipal, infrastructure, transport and telecoms sectors, and through dedicated credit lines to small and medium enterprises (SMEs) through the local banks. Established in 1995 by Mohamed Farag Amer and his family, Faragalla is now a leading Egyptian producer of juice, dairy and processed vegetables. It is part of Faragalla Group, one of the country’s largest diversified food companies.
Financial Institutions
Egypt's leading composite insurer, Suez Canal Insurance has obtained a regulatory approval to establish its cash mutual fund, general manager Ahmed Shehab said Saturday. The Egyptian Financial Supervisory Authority (EFSA) has approved Suez Canal Insurance’s request to establish its mutual fund with capital worth 50 million Egyptian pounds (US$6.4 million). Suez Canal Insurance will begin soon finalising all the procedures required for the new fund, Amwal Al Ghad quoted Shehab as saying. The fund will be managed by Alpha Capital, an Egyptian investment bank established in 2009, he added. Moreover, Shehab said Suez Canal’s fund is set to invest in governmental debt instruments such as treasury bills, in addition to deposits and other investment channels.
Real Estate
Egypt’s public companies for drinking water and sanitation need around 960.4 million Egyptian pounds (roughly $122.7 million) to run maintenance work and salvage viable spare parts nationwide, state news agency MENA reported Friday citing minister of housing. Mostafa Madbouli’s announcement comes after heavy rain hit the country last month, drowning several cities and paralysing life in many areas in the northern Delta and Alexandria.