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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        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        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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        

Business - Banks

Sayed Badr - 2014-08-28 14:46:50
The European Union's €500 million financial aid package to Egypt remains pending, despite being formerly linked to electing a new president for the country. Ambassador James Moran - Head of European Union Delegation to Egypt – clarified to Amwal Al Ghad on Thursday that the EU still awaits the International Monetary Fund (IMF)'s support for the economic reform programme made by the Egyptian government. In earlier statement to Amwal Al Ghad, Gamal Bayoumi - Secretary-General of the European Partnership Unit at the International Cooperation Ministry – Egypt received development financial assistance worth €500 million from the EU during the first quarter of 2014. Bayoumi referred last March to Amwal Al Ghad to the Egyptian government's talks with the EU over further €500 million aid package, yet the latter had linked the aid to the completion of the roadmap in Egypt. More»
Sayed Badr - 2014-08-28 13:51:15
Alexandria Business Association (ABA)  Small & Microenterprise Project pumped finance worth EGP75 million for 12.000 loans in the last August. Speaking to Amwal Al Ghad  Motaz El Tabaa the Executive Director said the cumulative portfolio ups around EGP5.370 billion within the current month, noting that ongoing portfolio of ABA's finance includes 245.000 loans worth EGP440 million. More»
Islam Abdelhameed, Alzahraa Mostafa - 2014-08-28 11:34:10
Egypt's Iskan Insurance Company is planning boosting its  paid up capital to EGP100 million by the end of next September, Chairman and Managing Director Hammam Badr revealed. In statements to Amwal Al Ghad, Badr added that it will be pumped EGP20 million as an increase in the company's capital during the coming days to become EGP95 million, noting that it is currently completing the remaining value of shareholders. Egyptian Financial Supervisory Authority (EFSA) responded to Iskan's request regarding reducing the company's issued capital to EGP100 million instead of EGP150 million, stressing that Iskan's paid up capital since the inception reached EGP50 million but it increased to EGP75 million during the last year. More»
Amwal Al Ghad English - 2014-08-28 09:15:07
AlexBank, a subsidiary of the Intesa Sanpaolo Group, announced early Thursday that the bank's non-executive chairman Bruno Gamba has passed away.The funeral will take place today evening at 20:00 p.m. Cairo time (17:00 GMT) at St. Joseph Catholic Church, in Downtown, Cairo. The late banking official joined AlexBank since 2007 served as the bank’s Chief Risk Officer. In 2009, He held the post of Deputy Chairman, primarily responsible for overseeing the Governance Area of the Bank which includes: Risk Management, Accounting, Planning and Control, Operations, Information Technology, Real Estate & Procurement and the Organization & PMO divisions. He was then named in 2011 the Chairman, and then later he became the Non-Executive Chairman. Before joining AlexBank, Gamba has held a number of prominent positions within the Intesa Sanpaolo Group, most notably as the General Manager (CEO) of Cassa di Risparmio di Ascoli Piceno S.P.A – a subsidiary of Intesa Sanpaolo, and also as the Deputy General Manager of the Banca Intesa London Branch, overseeing a portfolio of  total assets in excess of Euro 25 billion. Gamba also served as the General Manager of Banca Intesa Hong Kong Branch from 1996 to 2000. More»
Mohamed Hamdy - 2014-08-27 09:59:21
National Bank of Egypt (NBE), Banque Misr, Commercial Bank of Egypt (CIB), Arab African International Bank (AAIB) , QNB Al Ahli and Faisal Islamic bank agreed to allocate EGP1 billion from South Helwan Power Plant's loan which estimated at EGP3 billion in order to finance new power plant in Assiut. Egypt's Power Ministry requested earlier  to reduce South Helwan's loan to EGP2 billion instead of EGP3 billion and to use the remaining EGP1 billion in launching new plant, according to official banking source of one of banks' credit sector. Speaking to Amwal Al Ghad, the source explained that Assiut's power plant project will contribute in meeting the growing demand for electric power, by increasing the capacity of about 650 MW. X-President Adly Mansour had  previously issued decree over the approval of loan agreement between Egyptian government and Arab Fund for Economic and Social Development (AFESD) so as to contribute in financing Assiut's power plant project. The power plant will operate three natural gas-run steam turbines and will be connected to the national power grid to meet the rising demand for electricity, sources added. More»