amwalalghad :: Banks

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        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        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        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

Abdel Halem Elgendy, Sayed Badr - 2014-07-27 10:41:03
An official source in Banque Du Caire said his bank achieved around EGP700million profits during the first half of the current year, registering 28% growth rate in compared to 2013. The bank's general assembly approved on the business results of 2013by recording EGP1.044billion profits so that the bank exceeded EGP1billion for the first time against EGP830million in 2012 move up by 25.7%. The bank's board of directors planned detention profits so as to support and increase its capital base but Misr Financial Investments Company (MFIC) rejected the board's request in the second year respectively. Banque Du Caire eyes attaining 25% growth rates in all banking sectors so that Loan portfolio of major development projects surge by 30% along with aiming to register 200% growth rates in small and medium sized project portfolio. Furthermore, the bank's credit portfolio ups EGP27billion at the end of the first quarter of this year including 45% personal loans and EGP59billion deposits in the same period. More»
Mohamed Hamdy - 2014-07-26 12:56:48
Banque Du Caire approved  to finance US$55million in favor of Egyptian Drilling Company (EDC) for financing the company's expansions within the upcoming period. An official source quoted Amwal Al Ghad that the bank withdrew to marketing the finance noting that the finance's maturity ups to 7-years. In 1976, Egyptian Drilling Company was formed as a joint venture between the Egyptian General Petroleum Corporation (EGPC) and the A.P.Moller Group of Denmark. EGPC and A.P.Moller have acted, since the company's inception, as equal partners in ownership. As equal partners in ownership. EGPC is Egypt's national petroleum corporation, overseeing exploration, production, refining, marketing and distribution of oil & gas within the country. A.P. Moller is Denmark's largest corporation, with activities in shipping, air transport, industrial goods and services, oil and gas exploration and production. In November 1976, Egyptian Drilling Company began operations by acquiring an onshore drilling rig and securing a contract for drilling company in Egypt's Eastern Desert. More»
Amwal Al Ghad English - 2014-07-26 09:25:08
Egypt's government looks set to save $301.5 million annually in subsidies by connecting 1.5 million households to the natural gas grid. The World Bank, which approved a $500 million loan to fund the Egypt Household Natural Gas Connection Project, said in a statement published on Thursday that the project would reduce costs for households and lower the government's bill. "Switching households from highly-subsidised, mostly imported LPG, to locally-produced natural gas, will help lower the government’s bill, with each household representing a saving of US$201 a year." Egypt imports 50 percent of its consumption of LPG, which stands at roughly 4.5 million tonnes per annum. In November, Hamdi Abdel-Aziz said: "The remaining 50 percent is locally produced in refineries, or from deposits of natural gas." Egypt's budget for the Financial Year 2014/15 trimmed energy subsidies by LE44 billion as President Abdel-Fattah El-Sisi approved raising fuel prices by 78 percent for the popular low-quality Octane 80 and by 64 percent for diesel. More»
Sayed Badr - 2014-07-24 13:31:20
Emirates NBD Egypt Achieved AED 102.8 million (EGP200.7 million) during the first half of the current year in compared to EGP167.8 million at the same period of 2013, recording 19.6% growth rate. The bank's financial statements revealed that Emirates NBD Egypt attained AED326.1million (EGP636.7million) at June 2014. BNP Paribas SA, France’s biggest bank, also announced in 2013 the sale of its Egyptian unit to Emirates NBD PJSC in a $500 million deal. Emirates NBD registered AED1.3 billion within the first half of 2014(EGP2.55billion) so the unit's profits in Egypt reached 7.86% from the total profits. More»
Mohamed Hamdy - 2014-07-24 13:32:39
Egypt's Industrial Development & Workers Bank (IDWBE) received Thursday the first tranche of its loan agreement with the Egyptian Social Fund for Development (SFD). Out of total loan agreement of EGP 35 million, the bank has received the first tranche amounting to EGP 8.750 million, said IDWBE's Executive Board Member Hamdi Azzam. The Egyptian official further noted that the first tranche will go for financing the diversion of 30 partially-automated bakeries into fully automated systems. More»