amwalalghad :: Banks

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        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        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        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 - 2014-12-20 13:27:04
Egypt’s Ministry of Transportation has reached a new four-year finance strategy agreement with the World Bank Group, adviser to the minister announced today. As pursuant to the agreement, World Bank is set to contribute to a number of transportation projects in Egypt worth US$1 billion approximately. Speaking to Amwal Al Ghad on Saturday, adviser Mahmoud Gamal El Din stated that WB’s four-year strategy would encompass providing loans and pumping investments into railway and river transport projects. It will also include providing technical assistance and conducting studies. World Bank’s four-year strategy will be ready before the end of 2014, Gamal El-Din noted. Moreover, the Egyptian official also referred that the strategy would comprise of a WB loan at value of US$400 million designated to upgrade the train protection system in Egypt, notably the automatic train control. Egypt’s Minister of Transportation had endorsed Friday the WB’s US$400 million loan, and procedures to disburse it are underway, Gamal El-Din added. More»
Mohamed Hamdy - 2014-12-20 10:40:09
The National Bank of Egypt (NBE) announced it has renewed its EGP 2.6 billion (US$363.5 million) credit facilities for the country’s cotton and sugar sectors during this December. According to NBE’s board member Yehia Abu El Fotouh, the bank’s renewed credit facilities are divided into EGP 1.1 billion for the sugar sector and EGP 1.5 billion for the cotton sector. The Egyptian banking official further elaborated that sugar and cotton sectors in Egypt are vivid, characterized by repaying their dues to the bank regulatory. Moreover, Abu El Fotouh said in an earlier statement the largest state-owned bank had decided to raise the credit facilities given to the country’s contracting sector within the coming year to EGP 30 billion, from EGP 22 billion. More»
Mohamed Hamdy - 2014-12-18 16:32:13
Banque Du Caire is ranked first in the Middle East and Africa in terms of the highest return on capital (64.57%), according to October 2014 evaluation of the top 100 banks declared by The Banker. The Banker has been specialized for over 90 years in the assessing and ranking of the world banks in terms of their strength and profitability. The ranking was based on Banque du Caire’s results in 2014 showed an outstanding performance in achieving growth in assets and profits besides a healthy credit portfolio and continuous enhancement of the bank’s competitiveness. More focus was given to the bank’s profits before tax, return on capital and return on assets. All the above resulted in positioning Banque du Caire among the top banks in the Middle East and Africa this year. From his part, Mounir El Zahed – Banque Du Caire’s Chairman and CEO - said the outstanding rankings reflect the bank’s distinctive position on the national and regional levels, and emphasizes the competence of the bank’s performance. “This achievement is a strong indicator of the strength and efficiency of the public sector banks and the Egyptian banking industry as a whole and proves their ability to support the national economy and development.” El Zahed noted The banking official emphasized that these achievements came as a result of the hard work and professionalism in managing the banking system. Moreover, retaining these achievements and global rankings requires insistence to continue the hard work, face all challenges and have trust in the bank staff’s capability that keeps giving a professional and outstanding performance. More»
Sayed Badr - 2014-12-18 08:13:04
Egypt’s Central Bank (CBE) registered a net profit worth 23.8 billion Egyptian pounds (US$ 3.3 billion) during fiscal year of 2013/2014, marking an annual growth of 18.1%.  A year earlier, the bank posted a net profit of 20.1 billion pounds. Meanwhile, CBE decided to raise its paid-up capital to EGP 10 billion through the appropriation of 2 billion pounds from annual profits. During fiscal year of 2012/2013, the central bank decided an increase worth 4 billion pounds in its capital to eventually reach 8 billion pounds, from 4 billion pounds a year earlier. The central bank’s profits before tax had reached around 29.01 billion by end of June 2014. More»
Hesham Ibrahim & Sayed Badr - 2014-12-17 11:37:54
Arab Investment Bank (AIB Egypt) contributes around 5% to the paid-up capital of the newly-founded Ayady Company for Investment and Development, the bank’s chairman announced today. According to AIB chairman Hani Seif El-Nasr, Ayady Company is expected to achieve a remarkable success in the coming period and to contribute to solve one of the country’s major economic challenges, the unemployment. Speaking to Amwal Al Ghad on Wednesday, Seif El-Nasr said the paid-up capital of the new company will range between EGP 1-2 billion. Under the slogan of “Let’s work”, Ayady had been launched on Tuesday, with the aim of creating 500,000 job opportunities in the field of small and medium enterprises (SMEs). The company has been founded with an initial capital of EGP 10 billion, of which 20% is a government contribution and 80% is from the private sector. Ayady for Investment and Development aims to stimulate local development and boost employment in Egypt's governorates In earlier statement following the launch of Ayady, Egyptian Minister of Planning Ashraf Al-Araby said the new company will provide training, feasibility studies, funding and export opportunities to young entrepreneurs, said the minister, acting as an "incubator" for nascent projects, with an on-the-ground presence in Egypt's 27 governorates, said El-Araby. The Egyptian minister also revealed the stakeholders in Ayady include National Investment Bank, Arab Investment Bank, Faisal Islamic Bank, Egyptian Awqaf Authority, Long Live Egypt Fund, and Social Fund for Development (SFD), in addition to civil society organisation Misr El Kheir Foundation. Private backers include the Federation of Egyptian Industries (FEI), Egyptian Junior Businessmen Association, and the Federation of Egyptian Chambers of Commerce. The company will provide training, feasibility studies, funding and export opportunities to young entrepreneurs, said the minister, acting as an "incubator" for nascent projects, with an on-the-ground presence in Egypt's 27 governorates, said Al-Araby. More»