amwalalghad :: Banks

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        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        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

Gehad Abd El-Ghany - 2015-02-23 14:32:40
Egypt-based investment bank Prime Holding announced Monday a 512 percent growth in net profit for the fiscal year ended December 31, 2014. Prime’s net profit jumped to 30.6 million Egyptian pounds (US$4 million) for FY2014 from 5.1 million pounds ($0.668 million) for the previous year. The company attributed 2014's earnings growth to the increase of the operating revenues which reached 71.6 million pounds versus 34.9 million pounds for FY2013. More»
Sayed Badr - 2015-02-23 12:54:07
Ahli United Bank pumps EGP 350 million (US$45.8 million) in a loan arranged for one of Egyptian Steel Group’s companies, a banking source near from the talks told Amwal Al Ghad on Monday. The loan is being arranged in favour of the Egyptian Steel’s National Port Said Steel (NPSS). Owned by steel tycoon Ahmed Abou Hashima, the Egyptian Steel Group has three well-established companies, Industrial Investment Company (IIC) for Steel Plants Management, National Port Said Steel (NPSS) and Egyptian Steel for Building Materials Trading. NPSS's EGP 1.7 billion loan is designed to fund part of the investment cost to establish the company’s new steel plant in Ain Al Sokhna, with investments exceeding EGP 1.2 billion. A consortium of 5 banks encompassing Commercial International Bank (CIB), AlexBank, Bank Audi-Egypt, Emirates NBD, and Ahli United signed a preliminary agreement on the terms and conditions of the NPSS’ loan. Meanwhile, a senior source from the Egyptian Gulf Bank (EGB) told Amwal Al Ghad that his bank would contribute EGP 120 million to the NPSS’ loan and would send its final approval to CIB. The loan has a term of 8 years, including a package of working capital facilities worth more than EGP 400 million. NPSS has also been granted the license to build its second plant in Ain Al Sokhna Plant. At a total surface area of 300.000 m2, the plant uses the top-notch Italian Danieli technology by rolling the billets to rebars through endless rolling. This technology is distinguished for saving time and energy in reheating billets, making it among the first plants in the world to apply this technology. The plant is set to create direct labour of 700 engineers, technicians, workers, and employees. It will be with production capacity of 500.000 tonnes annually (250.000 tonnes/yr steel rebars and 250.000 tonnes/yr steel billets). More»
Amwal Al Ghad English - 2015-02-23 09:27:52
The European Union Commission wants Greece to stay in the eurozone and is not reviewing a 'Plan B' on the country's exit from the monetary union, EU Commissioner Pierre Moscovici said Monday in a TV interview. "I banned even reviewing such a plan, there is no plan B. Generally when there is a Plan B, it means we don't believe in the Plan A anymore," Mr. Moscovici said, in an interview with French TV station France 2. Mr. Moscovici made those comments two days after the Greek government struck a deal with its partners on a four-month extension of its bailout program that was due to run out on Feb. 28 after weeks of tense negotiations. Under the agreement, Greece has to present Monday a list of budget cuts and economic overhauls, which has to pass the scrutiny of the supervisors of the bailout, the European Commission, the European Central Bank and the International Monetary Fund. Mr. Moscovici said the Greek government must fulfill commitments made by the prior administration and make proposals that are financially sustainable. More»
Amwal Al Ghad English - 2015-02-23 09:00:39
Apple Inc said it would spend 1.7 billion euros ($1.9 billion) to build two data centers in Europe that would be entirely powered by renewable energy. The company said the centers, to be located in Ireland and Denmark, will power Apple's online services, including the iTunes Store, App Store, iMessage, Maps and Siri for customers across Europe. More»
Amwal Al Ghad English - 2015-02-23 08:32:19
HSBC has confirmed that its chief executive Stuart Gulliver uses a Swiss bank account to hold his bonuses. The bank was responding to a report in the Guardian that Mr Gulliver has £5m in the account which he controls using a Panamanian company. The bank pointed out that Mr Gulliver lives in Hong Kong and pays taxes there and has also paid any taxes required in the UK. The statement did not mention the Panamanian company. The details about Mr Gulliver's tax arrangements have emerged on the same day that HSBC publishes its annual results. The Guardian article does not suggest any wrongdoing on Mr Gulliver's behalf, but it will add to the questions over HSBC's activities in the tax advisory business. Allegations emerged earlier this month that HSBC had helped people evade UK tax using hidden HSBC accounts in Geneva. The Financial Conduct Authority, HMRC, Swiss prosecutors and MPs on the Treasury Committee are looking into the allegations. Last weekend the bank published an apology - signed by Stuart Gulliver - to its customers and staff adding that it had completely overhauled how it conducted its business since 2008. Legal threat The former director of public prosecutions, Lord Ken Macdonald, has said HSBC has left itself open to criminal charges in the UK over the tax-dodging scandal. The QC said there were strong grounds to investigate the bank for "cheating" HM Revenue and Customs (HMRC). He added that HMRC's decision not to prosecute was "seriously flawed". In a legal opinion prepared for consumer group SumOfUs, Lord Macdonald said: "It seems clear, from the evidence we have seen, that there exists credible evidence that HSBC Swiss and/or its employees have engaged over many years in systematic and profitable collusion in serious criminal activity against the exchequers of a number of countries. "The corporate and wholesale nature of HSBC Swiss's apparent involvement in what amounts to grave cross border crime makes it all the more obvious that the relevant evidence, once it came the attention of HMRC, should have been the subject of urgent and sustained criminal investigation." Despite the evidence being in the hands of HMRC for nearly five years, no action has so far been taken against the bank. Bonuses Along with its results HSBC will also be publishing the amount of bonuses to be paid to senior staff. Mr Gulliver is under pressure from some MPs and some shareholders to refuse his bonus, which could reach £1.3m. More»