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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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 - 2014-10-14 14:54:16
The European Union has raised the ceiling for financial aid to Egypt from 450 million euros to 600 million euros, which came during current talks to endorse the aid budget for the upcoming three years. Ambassador Gamal Bayoumi, Secretary General of the Egyptian-European Partnership Unit at the Ministry of International Cooperation, said the EU agreed to increase the value of its aid to Egypt, starting from 2014 till 2016, while approving a new payment system. The aid may increase to above 600 million euros and may reach 660 million euros, according to the official. Bayoumi told Al Masry Al Youm gazette that the new aid will be paid in a lump sum for the first time since inking the Egyptian European partnership in 1990s. More»
Mohamed Hamdy - 2014-10-14 14:43:57
National Bank of Egypt (NBE) will sign tomorrow contract with Social Fund for Development (SFD) worth EGP300 million to go for financing small and medium projects. Deputy Chairman of Small and Medium Sector at NBE Saeed Mohy El Din told Amwal Al Ghad that the bank is planning to sign 5 agreements with SFD worth EGP850 million within the upcoming period. The new contracts will go for financing small and medium projects along with financing the debtor current account and furniture projects. Secretary General of SFD Hanaa El Hilaly said the fund is about to sign contracts with other banks in the forefront Housing and Development Bank (HDB) and United Bank with EGP110 million. Moreover, SFD signed 12 contracts with parties and banks estimated at EGP1.081 billion during the first half of the current year so as to finance small projects as well as 11 contracts with associations valued at EGP86 million for micro projects. More»
Amwal Al Ghad English - 2014-10-14 07:59:58
Managing Director and Chief Executive Officer at the World Bank (WB) Sri Mulyani Indrawati said on Sunday the current reforms taking place in Egypt are positive and promising. The WB is committed to offering technical and financial support for Egypt during the coming stage, she said. Her remarks came during a meeting with Minister of International Cooperation Naglaa el-Ahwany and Minister of Finance Hani Qadry. The meeting took up plans to improve the Egyptian economy. More»
Amwal Al Ghad English - 2014-10-13 12:48:21
Egypt's pound held steady at a central bank dollar sale on Monday, when the bank said it sold $37.4 million at a cut-off price of 7.1401 pounds per dollar. The price was unchanged from Thursday's sale. In the unofficial market, the pound was trading at 7.38 to the dollar, slightly weaker than Thursday's rate of 7.37, one trader said. The rate for dollar sales has stayed in a tight range since the beginning of June, after the bank allowed the pound to weaken in May. The central bank offered $40 million on Monday. The rates at which banks are allowed to trade dollars are determined by the results of central bank sales, giving the bank effective control over official exchange rates. More»
Amwal Al Ghad English - 2014-10-13 12:23:40
A high level government official said that Egypt will recieve another gulf deposit worth around $5 billion from the UAE and Saudi Arabia, according to daily newspaper AlMasry AlYoum. The deposit will replace the expected decline in reserves following the repayment of $2.5 billion to Qatar next month and the $500 million which was paid in October, He added. The official stated that talks were held with the UAE during the visit by the Minister of State sultan al Jaber to compensate the qatari deposit which will be refunded with a total value of $3 billion in addition to the repayment of $700 million to the Paris club which will be repaid in January. Egypt will recieve a gulf deposit by current month end, and is in negotiations with Saudi Arabia to recieve $2 billion deposit, the official revealed. The Saudi Arabian and UAE deposit will have the advantage of a long grace period and a nearly zero interest rate. In August, an Egyptian official told reuters that the united Arab Emirates approved to provide Egypt with petroleum products worth $8.7 billion over a year starting in September. More»