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        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

Amwal Al Ghad English - 2015-11-24 12:28:34
Egypt is negotiating two loans worth US$1 billion from the World Bank to fund the country’s development projects, minister of international cooperation Sahar Nasr said Tuesday. The first loan, worth US$500 million, is tailored for Egypt’s project to reclaim one million and half million feddans. The second loan, valued at US$500 million, will go for the economic development programme for the Upper Egypt’s governorates. Minister Nasr made this announcement on the side line of her visit to Beirut to receive 2015 prize of the most influential woman in the Arab economic sector. About the first loan, Nasr said that ministries of Irrigation, Agriculture, and Housing are conducting the talks for the US$500 loan to reclaim one million and half million feddans across the country, notably in Upper Egypt region and Suez Canal cities Additionally, the Egyptian minister said the second loan negotiations are conducted by ministries of Trade and Local Development, seeking to establish comprehensive industrial areas to train labours in Upper Egyptian governorates. More»
Ahmed Ali & Sayed Badr - 2015-11-24 11:39:40
Kuwait's Al Ahli Bank (ABK) plans to boost the capital of its Egyptian unit to around one billion Egyptian pounds (US$ 127.7 million) within 2016, the Kuwaiti lender’s CEO Michel Accad announced Tuesday. During the bank’s press conference Tuesday, Accad said ABK is to prepare its future strategy for Egyptian market within the first quarter of 2016. ABK’s market share in Egypt currently stands at 1 percent, yet the bank aims to increase it in the coming period, Accad added. To upgrade the services provided to the small and medium-sized enterprises (SMEs) is a top agenda for the ABK's Egyptian unit in the coming phase, the Kuwaiti banking official said. Earlier this month, Kuwait's Al Ahli Bank has closed a deal to acquire a 98.5 percent stake in Piraeus Bank's Egyptian unit. Al Ahli paid US$150 million for the stake in the Greek lender's Egyptian unit. More»
Amwal Al Ghad English - 2015-11-23 07:37:14
Finance Minister Hany Kadry said on Saturday 21/11/2015 that Egypt’s winning the first prize for issuing creditworthiness bonds with lower investment ratings reflects international financial institutions’ appreciation to Egypt’s government, led by President Abdel Fattah El Sisi. In a press release, the minister said the prize comes after Egypt’s recent efforts to reform its economy in order to redress public budget’s deficit. Egypt won the prize during an international financial conference held in Dubai of UAE. Kadry added that the Egyptian government is working on developing the investment atmosphere in order to encourage domestic private sector as well as attracting foreign investments to contribute to infrastructure, energy, transportation and housing projects. More»
Ahmed Fayez - 2015-11-22 16:38:47
Egyptian government has signed Sunday a financial closure agreement with German industrial giant Siemens, Orascom Construction, and El-Sewedy Electric to fund the construction of three electricity production undertakings in Egypt. The signing ceremony was attended by Egyptian Prime Minister Sherif Ismail. Upon the agreement, the banking consortium, which includes Deutsche Bank, HSBC Germany, and German Bank of Reconstruction (KFW), will secure €4.1 billion in finances, equivalent to 85 percent of the total cost of the three Egyptian projects, which amounts to €6 billion. The three projects are set to be with total capacity of 14,400 megawatts. The first project is Beni Suef proper, about 115km (71 milles) south of Cairo, to generate 4,800 megawatts. The second project is located in Burullus, near the town of Kafr el Sheikh, some 210km (130 miles) north of Cairo; the third planned plant is set to be in the Egyptian new administrative capital city. Upon the signed contracts, the loans will be repaid over a period of 15 years with a three-year grace period, Amwal Al Ghad quoted Egyptian electricity minister Mohamed Shaker as saying Saturday. Gaber Desouky - Chairman of the state-run Egyptian Electricity Holding Company (EEHC); and officials from the German banks have signed the contracts in the presence of representatives of Siemens Group, Orascom Construction, and El-Sewedy Electric. The projects will be implemented by using the Energy Performance Contracting (EPC) system, the innovative financing technique that uses cost savings from reduced energy consumption to repay the cost of installing energy conservation measures. More»
Sayed Badr - 2015-11-22 13:23:05
Egyptian Global Lease Company signed loans estimated at 600 million Egyptian pounds (US$76.6 million) with four banks within the last period, a source with knowledge of the matter announced Sunday. The source told Amwal Al Ghad that the four banks are: Ahli United Bank (200 million pounds), Banque Misr (200 million pounds), National Bank of Egypt (100 million pounds), and SAIB Bank (100 million pounds). The source said that Global Lease ,the newly-launched firm, is currently negotiating with other banks over additional funds worth 200 million pounds. The source clarified that those funds come among firm's plan to expand in granting funds to satisfy clients' needs triggered by the activity that leasing sector is witnessing in Egypt. Global Lease aims at boosting its current finance portfolio - which is estimated at 200 million pounds- to 250 million pounds at the end of 2015, the source added. On other side, Hatem Samir - firm's CEO- previously stated that Global Lease targets doubling the volume of finance portfolio to 500 million pounds at the end of 2016. Global Lease has made  a plan for the upcoming ten years to achieve 20-30 percent growth rate in its credit portfolio at the end of 2016 besides capturing market share estimated at 8-10 percent within the upcoming five years. The Egyptian conglomerate Wadi Degla Holding has launched its leasing arm, Global Lease, in cooperation with SANAD Fund, of Kfw Development Bank. More»