amwalalghad :: Banks

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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        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        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        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        

Business - Banks

Amwal Al Ghad English - 2016-10-27 09:15:25
Egypt’s central bank is issuing Thursday, in cooperation with Ministry of Finance, treasury bills worth 12 billion Egyptian pounds ($1.3 billion), to fill the country’s budget deficit. In a statement released on Thursday, the central bank said it would raise two treasury bills; the first will be worth 5.5 billion pounds, to mature in 182 days. The second is valued at 6.5 billion pounds, to mature in 364 days, the central bank added. Ministry of Finance has estimated the country’s total budget deficit for the financial year 2016-2017 at around 319.46 billion pounds. More»
Mohamed Hamdy & Sayed Badr - 2016-10-26 12:29:52
Egypt’s Nasser Social Bank (NSB) is planning to spend around 100 million Egyptian pounds ($) to upgrade its information technology systems, its chairman Mohamed Shoman announced Wednesday.As part of technology system upgrade plan, Nasser Bank seeks to conclude cooperation with the National Bank of Egypt to adopt the shared cash network commercially “123”, Shoman said. Therefore, NSB clients will have access direct access to their different accounts at any time and from anywhere through the ATMs carrying the "123" logo. The bank has added so far further 43 ATMs amidst plans to reach 98 soon, he added. NSB is still negotiating over $1.2 million grant from the African Development Bank (AfDB) to finance a restructure plan aimed to develop and diversify the Egyptian bank’s products and services to help achieve financial inclusion for the poor eventually, Shoman said. This will be the first foreign credit facility Nasser Social Bank could secure. More»
Amwal Al Ghad English - 2016-10-26 12:06:59
Egypt advanced for the first time since 2010 to 122nd of 190 countries in the World Bank’s 2017 business rankings from 131st in 2016. The latest report gives a positive message to the world that the investment environment in Egypt is witnessing significant improvement. The Doing Business study focuses on regulation that affects small and medium-size enterprises across 11 areas. These include starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and others. As for Dealing with Construction Permits, Egypt jumped 49 positions to 64th, according to the World Bank’s report. Egypt has also surged 56 positions to 88th in terms of the Getting Electricity index, and two positions to 109th for Registering Property. The report also showed that Egypt climbed 8 positions to 114th in Protecting Minority Investors index, 10 positions to 109th in Resolving Insolvency. On the contrary, Egypt fell three positions to 82nd in Getting Credit and 11 positions to 162nd in Paying Taxes, according to the report. For Trading across Borders index, Egypt also dropped 11 positions to 168th due to recent restrictions on the usage of foreign currency, the report added. More»
Amwal Al Ghad English - 2016-10-26 10:51:26
Egypt’s central bank will allocate 10 billion Egyptian pounds ($1.1 billion) for youth-led technological projects, which will have high economic feasibility, central bank chief Tarek Amer announced Wednesday. The money is part of the central bank’s 200 billion-pound initiative to support and boost small and medium-sized industries, Amer said during the science and technology session of the first annual National Youth Conference kicked off Tuesday in Sharm El-Sheikh. President Abdel-Fattah El-Sisi inaugurated on Tuesday the first annual National Youth Conference in the Sinai resort city of Sharm El-Sheikh with the participation of 3,000 youth from the country’s universities and political parties. More»
Amwal Al Ghad English - 2016-10-25 10:51:11
Egypt’s EFG-Hermes, the leading investment bank in the Middle East, is planning to open a New York office to serve institutional clients in the United States, through its subsidiary through EFG Hermes USA. The investment bank is seeking regulatory approval for the office and hired Karim Baghdady to be chief executive of EFG-Hermes USA. The new office will serve U.S. clients seeking access to markets in the Middle East and North Africa and other frontier markets, the bank said, adding that ties with Auerbach -- a brokerage which specialises in foreign stocks -- have ended with immediate effect. EFG-Hermes is expanding in the U.S. after Saudi Arabia, one of the eight MENA markets that it covers, drew almost $70 billion of demand for its debut international bond, with the Americas accounting for almost half the orders placed for the five-year tranche. Saudi Arabia is also working to attract more investors to open up its equity markets to foreigners, including the loosening of restrictions on investing in initial public offerings and stocks. The new office will “better serve and grow our extensive roster of brokerage clients through our on-ground presence in eight regional markets,” EFG-Hermes CEO Karim Awad said in the statement. It will also “serve as a base for the potential growth of our asset management business across the United States,” he said. EFG-Hermes also earlier this year entered the Pakistani market after agreeing to buy 10.2 million shares of Invest & Finance Securities at 15 rupees a share. Baghdady was most recently director of international sales at CI Capital, where he led the firm’s presence in North America. In an interview with Bloomberg Television in Dubai on Tuesday, he said that U.S. clients are interested in the Middle East’s growth potential and that the bank’s U.S. operations would focus on frontier markets. More»