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        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        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 - 2015-04-20 18:51:46
Mona El Sayed has stepped down as head of commercial banking for HSBC Bank Egypt, sources from the bank with knowledge of the matter told Amwal Al Ghad on Monday. The sources stated that El Sayed had resigned without mentioning reasons behind her decision, ruling out receiving offers from other banks working in the Egyptian market. Mona EL Sayed joined the HSBC Group in Egypt in 1995 as a Corporate Banker. During her 14 years of Corporate Banking, she took an active role in leading and driving cross border deals, project finance, M&A finance and credit portfolio risk management. In 2010, she moved to head the Bank's Business & Global Transaction Banking operations covering Payments & Cash Management, Securities Services, Trade and Receivables' Finance and SMEs, with a mandate to drive business transformation, accelerated growth and align with Group Target Operating Models. In Jan 2014, Mona was appointed Head of Commercial Banking in HSBC Egypt. More»
Amwal Al Ghad English - 2015-04-20 13:21:27
The Board of Directors of the African Development Bank Group approved a US$140 million loan to Egypt’s Sharm El-Sheikh Development Project on April 15, 2015 in Abidjan, Côte d’Ivoire. The Board also approved a US $1.90-million Middle Income Countries Technical Assistance Fund Grant to finance the project, which includes construction of a new terminal, runway and control tower within the confines of the Sharm El-Sheikh airport. The project, to be implemented within 44 months, is expected to provide an additional capacity for 10 million passengers per year. This will bring the airport’s total passenger capacity to 18 million annually, and operations capacity to 68 operations per hour. Egypt’s economy, Egyptian Airports Company (EAC), private sector enterprises in the tourism, and aviation and services industries are expected to benefit directly from the project. Others beneficiaries are travellers using the airport, airline operators, and Egypt’s labour force. Sharm El-Sheikh airport has been Egypt’s fastest-growing facility and is Africa’s third-busiest airport, with an average of 10% annual growth rate in traffic over the past decade (excluding year of revolution). The total number of passengers using the airport reached 8.2 million in 2010, which is above its design capacity. Over the years, the Government of Egypt’s development plans have focused on transport infrastructure and the establishment of well-developed transport links and systems as a means to accelerate economic growth. This is in light of the country’s large geographical area, and its reliance on economic sectors such as tourism, agriculture, industry and services. All this is aligned with the country’s Vision 2022, and its five-year macro-economic policy framework (2014/2015 to 2018/2019). At a recent Economic Development Conference in Sharm El-Sheikh in March, the government launched the Strategic Development Strategy (SDS) entitled Egypt’s Vision 2030. The document cites tourism as a key strategic sector for investment, and one that promotes growth of medium-term investment and large scale infrastructure. In March, a high-level Egyptian delegation led by Prime Minister Ibrahim Mahlab visited the Bank’s Executive Directors and management in Abidjan, and sought the Bank’s support to the government’s ongoing economic reforms. It also asked the Bank to boost its ambitious development and investment programme. The Bank’s contribution to the project represents 21% of the total estimated cost of US $671 million. The project is co-financed with the Islamic Development Bank and the Government of Egypt. More»
Amwal Al Ghad English - 2015-04-20 13:11:35
Abidjan, Côte d’Ivoire, April 15, 2015 – The Board of Directors of the African Development Bank Group approved a US $140-million loan to Egypt’s Sharm El-Sheikh Development Project on April 15, 2015 in Abidjan, Côte d’Ivoire. The Board also approved a US $1.90-million Middle Income Countries Technical Assistance Fund Grant to finance the project, which includes construction of a new terminal, runway and control tower within the confines of the Sharm El-Sheikh airport. The project, to be implemented within 44 months, is expected to provide an additional capacity for 10 million passengers per year. This will bring the airport’s total passenger capacity to 18 million annually, and operations capacity to 68 operations per hour. Egypt’s economy, Egyptian Airports Company (EAC), private sector enterprises in the tourism, and aviation and services industries are expected to benefit directly from the project. Others beneficiaries are travellers using the airport, airline operators, and Egypt’s labour force. More»
Sayed Badr - 2015-04-20 11:58:46
Egypt's Commercial International Bank (CIB) announced Monday its management would submit a binding offer to acquire Citigroup's retail portfolio in Egypt. It did not provide any details about the value or timing of the offer, saying in a bourse filing it was not certain that it would result in a transaction. CIB revealed last month that Citigroup had opened its books for a due diligence process. Citigroup said last year it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut its persistently high costs. The bank has said it expects to complete most of those sales this year. The third-largest U.S. bank, built with a series of acquisitions spanning back to the 1980s, has been trying to slim down since the financial crisis to be as profitable as its rivals. More»
Amwal Al Ghad English - 2015-04-20 10:00:00
Egypt's EFG-Hermes, one of the largest investment banks in the Middle East, is planning to raise its capital by 391.83 million Egyptian pounds ($51.39 million) by issuing shares, the company said in a statement Monday. It will distribute 1.46 of the shares for every 10 shares, it said. It did not give a time frame for the transaction but said it would call shareholders for a regular and an extraordinary general meeting to approve the plan. It also requires stock market approval.F More»