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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        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        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

Arab Investment Bank Seen EGP80 million Profits by end-2014


Published 2014-12-21 11:31:02| Sayed Badr

Arab Investment Bank (AIB Egypt) is expected to register EGP 80 million total profits by end of 2014, chairman Hani Seif El-Nasr told Amwal Al Ghad on Sunday. According to Seif El-Nasr, AIB Egypt’s portfolio of deposits has currently reached around EGP 6.5 billion. The bank’s loan portfolio hit EGP 3.6 billion approximately. The top banking official also referred to the bank’s plans to boost its profits and financial indicators by 20% within 2015. Meanwhile, AIB Egypt’s Extraordinary General Meeting (EGM) had agreed to raise the bank’s issued capital to EGP 1 billion from EGP 500 million during mid-2014. AIB Egypt’s chairman further stated that the EGP 500 million increase in issued capital would be ratified in three years starting from the current year of 2014. This increase seeks to enhance bank's strategic expansion and provide more credit for more economic sectors.
Financial Institutions
Axa SA (CS), France’s largest insurer, is looking to expand its presence into Egyptian market, deputy head of Egypt’s market regulator announced on Sunday. According to Mohammed Maait – Vice Chairman of the Egyptian Financial Supervisory Authority (EFSA) – the French insurer has submitted a formal request to the EFSA, aiming to receive the regulatory approval to launch two firms for life and properties insurance activities in Egypt. Speaking to Amwal Al Ghad on Sunday, Maait revealed Axa Group’s genuine keenness to launch a holding company in the Egyptian market. The French group has recently completed the Egyptian General Authority for Investment (GAFI)’s procedures needed to found a holding company in the country, the top official added. During his most recent visit to France, Egyptian President Abdel Fattah al-Sisi had met with Axa Group’s chairman to discuss building Axa’s presence in Egypt. Axa is one of the world leading insurance and asset management groups, serving 102 million clients, individuals and business, in 56 countries. Established in 1817, Axa Group was created through the merger of several insurance companies, the oldest of which - La Compagnie d'Assurance Mutuelle contre l'Incendie dans les départements de la Seine Inférieure et de l'Eure - was founded in Rouen 10 months after the establishment of the Mutuelle ACL, which is France's oldest insurance company. The group, headquartered in the 8th arrondissement of Paris, operates primarily in Western Europe, North America, the Asia Pacific region, and the Middle East. AXA is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries.
Real Estate
Egypt’s leading property developer Amer Group has signed an agreement with Saudi Al-Othaim Group to establish an entertainment city in Porto Cairo Mall, chairman Mansour Amer announced on Saturday. The entertainment city will be with investment cost of 60 million Egyptian pounds (US$8.4 million). During a press conference in the presence of Al-Othaim’s CEO, Mansour Amer pointed out that the Saudi group would fully finance the establishment of the city on a land contributed by Amer Group. From his part, Fahd bin Abdullah Al-Othaim- CEO of Al-Othaim Group – revealed his company’s keenness to have its first presence in Egypt through taking part in Amer Group’s Porto Cairo Mall project. This comes since Amer Group is known for its capability of alluring highest number of clients to its projects, Fahd noted.Al Othaim Al-Othaim Group has contracted a major global company to receive topnotch equipment for the entertainment city, the Saudi businessmen added. Moreover, Al-Othaim Group’s CEO said the city is expected to be inaugurated within four months.