amwalalghad :: Business

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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        

Banks

World Bank Group proposals for a Better Healthcare System in Egypt


Published 2015-03-31 09:51:09| Amwal Al Ghad English

Despite an improvement in Egyptians' health during the past 20 years noted by World Bank Group and represented in an increase in life expectancy from 64.5 years to 70.5 years, such an improvement was not achieved with equality. In its paper titled "A Roadmap to Achieve Social Justice in Health Care in Egypt", the World Bank proposed to the Egyptian government in January a vision to reform the healthcare system and make it more just. The Egyptian government is currently working on issuing a new legislation to change the current health insurance system. The bank adopted in its paper the concept of health equality. The concept was elaborated by the World Health Organisation in 2010 as the process of providing people with the quality health services they need free of charge, said Alaa Hamed, senior health specialist in the Middle East and North Africa at the World Bank who contributed to drafting the World Bank's proposed vision to Egypt. While 20 percent of Egypt's richest citizens spend 13.5 percent of their income on health services, the least privileged 20 percent of the population spend 21 percent of their income on such services. Hamed said the figures represent "a huge burden on the poor," adding that lifting the burden of health services for the less privileged should be sought when setting health policies. The controversy stirred by the concept of health equality stems from concern that some social strata might fall into poverty due to health spending, Hamed said.
Financial Institutions
The African Reinsurance Corporation (Africa Re) registered a growth in total investments to US$893 million by end of 2014 according to initial indicators, regional director for North East Africa and MENA said. Speaking to Amwal Al Ghad on Thursday, regional director Omar Gouda said Africa Re had posted total premiums worth US$718 million by 2014-end, while the total paid compensations at value of US$350 million. In addition, Africa Re’s total assets reached US$1.4 billion, Gouda noted, saying the reinsurer’s profits hit US$69 million before return on investment. It has registered US$120 million in profits after return on investment. Gouda also referred that AXA, the French insurance company, had recently has acquired a 7.15% stake in Africa Re, the leading reinsurance company in Africa1, for a total consideration of USD 61 million. The transaction would allow AXA to increase its exposure to the fast growing reinsurance and insurance markets in Africa, in line with its Ambition AXA strategy, by participating in the successful and profitable development of Africa Re. Africa Re's current shareholding comprises 41 member states, the AfDB and more than 100 African insurance and reinsurance companies, together holding a 75 percent stake in the company, as well as other development finance institutions and strategic partners. The African Reinsurance Corporation plans in the coming phase to expand operations into Angolan and Algerian markets, the reinsurer official noted.
Real Estate
Egyptian government expressed readiness to take part in Ethiopia’s national road development programme and major international airport in the country’s capital. Egypt’s Housing Minister Moustafa Madbouly explored on Tuesday with Ethiopian Transport Minister Workenah Gebeyehu means of bilateral cooperation between the two countries. This comes since Egypt’s leading construction firm, Arab Contractors is currently carrying out Ethiopia’s road development programme for two roads at length of 180 km. From his part, Minister Madbouly stated that the meeting discussed methods to encourage Egyptian construction firms take part in the Ethiopian transport ministry’s national plan to build up new roads at total length of 50.000 km. The two ministers have also underlined a possible participation from the Egyptian construction firms’ to implement the new international airport in Addis Ababa. The Ethiopian government plans to commence works on Addis Ababa’s new airport by end of the current year. Moreover, Madbouly said his meeting with minister Gebeyehu also tackled the start of training the Ethiopian technical cadres through involving in trading courses at Egypt’s Housing and Building National Research Centre and other centres affiliated to the Egyptian housing ministry. Next month, Egypt will start the first training session for the Ethiopian cadres, the Egyptian minister noted. The meeting between Madbouly and Gebeyehu were made on the sidelines of the 18th Common Market for Eastern and Southern Africa (COMESA) summit that took place in the Ethiopian capital.