amwalalghad :: Banks

Your English Portal To Arab Economy

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 - 2016-05-05 15:09:36
Egypt's Finance Ministry will issue $1.250 billion in one-year dollar-denominated treasury bills to local banks and foreign financial institutions on May 10, the central bank announced in a statement Thursday. The auction deadline is May 9 and the maturity date for the issuance is May 9, 2017, the statement said. The government has turned mainly to the local money market to finance its public deficit since a popular uprising in early 2011 that deterred many foreign investors. More»
Amwal Al Ghad English - 2016-05-05 11:54:13
Egypt is in talks with the United Arab Emirates to receive $2 billion in a Central Bank of Egypt (CBE) deposit before the end of May, the CBE's governor, Tarek Amer, told official news agency MENA, on Thursday. In April, the United Arab Emirates pledged $4 billion to Egypt, half as a deposit in the central bank and the other half in investments in developmental projects, the Emirati news agency WAM reported at the time. Amer also told MENA that Egypt had not received any central bank deposit since he began his tenure in November. Egypt's foreign currency reserves stood at $17.0108 at the end of April, up from $16.561 billion the previous month. More»
Amwal Al Ghad English - 2016-05-05 10:57:33
All 25 analysts surveyed said they expect the Banco de Mexico to keep the benchmark interest rate MXCBIR=ECI at 3.75 percent. The central bank is due to announce its decision at 1300 local time (3 p.m. ET) on Thursday. Mexico's peso has gained about 6 percent since the central bank unexpectedly raised rates by 50 basis points in February and directly intervened in the foreign exchange market for the first time since 2009 to try to halt a slide in the currency. The peso's comeback has eased concerns that currency weakness could hit inflation expectations, while weak U.S. data has sown doubts about how quickly the U.S. Federal Reserve could raise interest rates this year. Mexico is expected to raise borrowing costs along with the Fed to prevent foreign investors from dumping local debt as U.S. interest rates rise. Still, the peso suffered sharp losses in the last two days, and Mexico's central bank is likely to reiterate its threat that it could hike interest rates if peso losses begin to hurt the outlook for inflation. So far, the pace of consumer price gains has been surprisingly low. Mexico's annual inflation rate rose less than expected in the first half of April to 2.60 percent, remaining below the central bank's 3 percent target. Mexico's economy grew faster than expected in the first quarter, preliminary data showed last week, but the central bank could highlight risks to growth from sluggish industrial activity in the United States, Mexico's top trading partner. Mexican policymakers are now seen hiking fewer times this year after the modest recovery in the peso and renewed concerns about U.S. growth and demand for Mexican exports. According to the Reuters poll, the median estimate is now for just one more 25 basis point hike in Mexico by the end of the third quarter. The previous poll in March forecast a 25 point hike in the second quarter and another quarter-point increase by the end of 2016. More»
Amwal Al Ghad English - 2016-05-05 09:05:46
Egypt’s foreign reserves inched up to the highest since August after the country’s cash savings grew. Net international reserves climbed 2.7 percent from a month earlier to $17 billion, according to data published on the central bank’s website. Cash increased $408 million to $13.2 billion, the regulator reported. North Africa’s biggest economy is struggling to alleviate a foreign currency shortage amid declining tourism and foreign investment five years after Arab Spring protests toppled longtime President Hosni Mubarak. Egypt has yet to secure funds promised by allies last month in an effort to pad its reserves, according to the state-run Al Ahram newspaper. More»
Sayed Badr - 2016-05-04 12:53:09
The French lender, Crédit Agricole reported Wednesday higher first quarter net profit in Egypt to register 315.9 million Egyptian pounds ($35.5 million) compared to 236.14 million Egyptian pounds in 2015 with an increase of 33.8 percent. However, the bank has achieved net profit of 410.57 million pounds before deducting taxes. More»