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

Sayed Badr - 2014-04-14 12:32:02
The Central Bank of Egypt (CBE) has offered today its first foreign exchange auction for this week totaled US$ 40 million for local banks. The central bank is offering on Monday its 187 FX Auction since Hisham Ramez hold the office as the CBE’s Governor last February worth US$7.960 billion, in addition to exceptional auctions with US$4.2 billion. After two weeks from greenback’s rises in which US$ dollar price attained 1.5 penny , the last week witnessed stability in prices unchanged at EGP6.975 for buying and EGP7.0051 selling and the dollar’s prices stabled at EGP6.9651 at CBE’s auction. The central bank announced that Egypt's cash foreign exchange reserves hit US$ $107 million by the end of last September, registering $17.414 billion, against $17.307 billion at the end of November. More»
Sayed Badr - 2014-04-14 10:47:57
The total customers’ deposit portfolio of the National Bank of Egypt (NBE) reached up EGP335 billion at the end of the third quarter of the current year 2013/2014, compared to EGP330 billion at the end of the first half of the same year. The personal loans registered around EGP200 billion in the same time when the total personal loans boosted to EGP25billion at the end of the third quarter of 2014, seeking to increase it to EGP27 billion by 2014-end , Hazem Hegazy, Head of Retail Banking and Branches of the National Bank of Egypt (NBE) illustrated. Hegazy told to Amwal Al Ghad Arabic’s Website that the numbers of money transfer via mobile phone service which launched by the bank with Etisalat Egypt inched to 22.000 clients, expecting to increase within the next period. More»
Amwal Al Ghad English - 2014-04-14 09:40:16
EastNets, a leading global provider of compliance and payments solutions for the Financial Services industry, has recently been awarded a consultancy contract to audit its SWIFT operations infrastructure by the European Central Bank (ECB), including its SWIFT Alliance Access (SAA) and Alliance Gateway (SAG) for high and low EURO value payments. EastNets’ team of SWIFT-certified engineers will carry out the audit for ECB’s environment to ensure the operation of its SWIFT Alliance infrastructure. Founded in 1998 alongside the introduction of the Euro as the single currency in Europe, ECB has been responsible for conducting monetary policy for the euro zone – the world’s largest economy after the United States of America. EastNets will render services for SWIFTNet Messaging for FIN, MT, MX and FileAct and SWIFTAlliance service, including expertise in workflows for TARGET2, EURO1, STEP1, STEP2 and SEPA (Single Euro Payment Area), in particular. With EastNets cost effective SWIFT System Care, ECB can leverage the instant support, expertise and knowledge to reduce its cost and of maintaining a SWIFT infrastructure. Hazem Mulhim, CEO, EastNets, said: “The European Central Bank adds considerable value to our already existing portfolio of high value clients We have clinched the deal against more than 10 other SWIFT-certified service providers, demonstrating our expertise in SWIFTAlliance architecture supported by superior features and excellent service. We assure ECB of high-priority on-site support, immediate response and 24/7 support helpline in case of emergency.” The European Central Bank’s main function is to maintain purchasing power for Euro, stabilizing price in the euro area. The euro area came into being when responsibility for monetary policy was transferred from the national central banks of 18 European Union Member States to the ECB since 1999. EastNets provides solutions and services to over 1,000 customers in 120 countries, including 22 of the world’s top 50 banks. It hosts one of the largest networks of Society for Worldwide Interbank Financial Telecommunication (SWIFT) Service Bureaus, serving over 260 firms around the world. EastNets is headquartered in Dubai with 16 offices across Europe, North America, the Asia-Pacific, and the Middle East. More»
Amwal Al Ghad English - 2014-04-13 11:00:21
Gulf aid packages to Egypt have contributed to secure fuel, regulate its foreign exchange market, and enhance foreign reserves, according to Governor of Faisal Islamic Bank of Egypt. Governor of Faisal Islamic Bank of Egypt Abdul Hamid Mohammed Abu Mousa, stated that Saudi Arabia, the UAE and Kuwait have contributed to secure fuel, regulate the foreign exchange market in Egypt and enhance foreign reserves and dollar’s stability. However the top official stressed that Egypt must rely on its own productivity and exports in order to improve economy since foreign financial assistance will not remain forever. Kuwait-based Alkuwaityah newspaper quoted Mousa as saying Egypt is able to absorb thousands of serious and promising investment opportunities due to its diversified economic sectors. More»
Mohamed Hamdy & Sayed Badr - 2014-04-12 15:47:29
The state-owned National Bank of Egypt is considering an EGP500 million ($71.7 million) package of credit facilities to go for three Egyptian contracting firms within the current phase. Accordingly, NBE’s total financing for the country’s contracting sector would reach up to EGP3.5 billion. NBE has endorsed an EGP3 billion package of credit facilities for local contracting firms during the first 9 months of the current fiscal year, according to a source with knowledge of the ongoing talks. The source further told Amwal Al Ghad on Saturday that the proposed EGP500 million financing package is designated for private and public-sector contracting firms. In the same vein, the source stressed that NBE has renewed its initiative to support the country’s contracting sector through solving the state’s delay in paying contractors their due. More»