amwalalghad :: Banks

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Canal Shipping Agencies   7.39        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        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 - 2016-05-31 11:42:11
Non-banking financing tools conference started in Cairo on Tuesday shedding the light on latest legislative and regulatory developments in the field of non-traditional financing tools. The conference was inaugurated by Minister of Public Sector Affair, Ashraf El Sharkawy, and the Egyptian Financial Supervisory Authority EFSA’s Chairman Sherif Samy. In addition, the event, organized by Financial Services Institute (FSI) and affiliate of EFSA, is attended by those who are working field of non-traditional financing tools, experts in the non-banking financial sector and leaders of the business sector. More»
Amwal Al Ghad English - 2016-05-31 10:23:26
President of the European Bank for Reconstruction and Development Sir Suma Chakrabarti started two-day visit to Cairo on Tuesday. Chakrabarti’s visit to comes in line with the launch of the bank vision and strategy for Egypt in 2016 for the first time, in addition, EBRD new strategy should comply with the Egyptian people needs and demands which would result into achieving sustainable and comprehensive economic growth. More»
Ahmed Ali - 2016-05-30 17:49:50
The National Bank of Egypt (NBE), the country’s largest public lender, plans to extend its portfolio of financing local small and medium-sized enterprises to 30 billion Egyptian pounds ($3.8 billion) by the end of financial year 2016/17. The bank targets a 30 percent growth in its SME financing portfolio through FY2016/17, a senior source in NBE familiar with the matter told Amwal Al Ghad on Monday. NBE’s current SME portfolio is estimated at 23 billion, the source said. Earlier this year, Egypt’s central bank called on banks to increase financing of SMEs nationwide. The central bank said it would require lenders to apportion 20 percent of their total loaning portfolio for SMEs, with interest rates below 5 percent imposed on firms generating between 1 and 20 million pounds a year in revenue. The banks participating in the four-year programme will be able to deduct the loans from their required reserves at the central bank, according to the central bank statement. The SME financing programme is part of an ambitious plan by President Abdel Fattah al-Sisi to assist smaller businesses. During the first half of FY2015/16, NBE announced that its SME portfolio surged 16 percent to 19.2 billion pounds, including 2.7 billion pounds in form of loans to micro-sized projects. More»
Sayed Badr - 2016-05-30 11:53:59
Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD), will be visiting Egypt on Tuesday. This is the first time Chakrabarti visits Egypt after the country has become an EBRD’s country of operations on 30 October 2015, in a step that emphasises the bank’s confidence in the Egyptian economy, Minister of International Cooperation Sahar Nasr stated on Monday. During the visit, Egyptian officials will discuss EBRD’s allocation of  €500 million to support the country’s energy, the minister added. Chakrabarti is set to meet with Egyptian President Abdel Fattah al-Sisi, Prime Minister Sherif Ismail, Minister Nasr, along with several officials in the government and the private sector. Nasr also said the visit comes within the framework of EBRD’s decision to launch  its first strategy for Egypt in conformity with the Egyptians’ needs and priorities, thereby achieve comprehensive and sustainable economic growth, and support SMEs and renewable energy. Chakrabarti, as stated by the Minister, is expected to discuss projects to be financed by EBRD, given that Egypt is expected to become EBRD’s second largest country of operations in the region by 2017. The EBRD has invested over €1.7 billion in Egypt, in a number of vital sectors, including transports and solar energy. More»
Amwal Al Ghad English - 2016-05-30 10:16:52
Egypt's Commercial International Bank (CIB) approved an additional two-week extension for an offer by Beltone Financial to acquire its subsidiary CI Capital, starting from May 26 until June 9. CIB approved Beltone's request to extend the period of the offer to acquire CI Capital by two weeks, ending on June 9, Beltone said in a statement on Monday. In February, CIB signed a deal to sell investment bank CI Capital to Beltone, a unit of billionaire Naguib Sawiris' Orascom Telecom OTMT.CA, for 924 million Egyptian pounds ($104 million) but the deal has stalled pending approval from Egyptian regulators. Sawiris said at the time he planned to merge CI Capital with Beltone Financial, which OTMT bought last year, to create one of Egypt's largest investment firms, but the deal has faced a series of delays. Earlier, the Egyptian Financial Supervisory Authority said in a statement in April that the deal was delayed pending the resolution of a court case and other issues, including a violation by Sawiris of pre-existing pledges to the EFSA. Sawiris's bid for CI Capital was also challenged in February when a unit of the state-owned National Bank of Egypt made a counter-offer. It later withdrew. Sawiris later said the deal was being held up by national security concerns and criticised the state for meddling in business, adding that it discouraged investors. More»