amwalalghad :: Banks

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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        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 - 2016-09-24 08:18:25
Egypt’s central bank (CBE) has decided to keep interest rates unchanged from July at a meeting of its monetary policy committee on Thursday. The bank kept the overnight deposit rate, the overnight lending rate and the rate of the CBE's main operation at 11.75 percent, 12.75 percent and 12.25 percent respectively, according to a statement on CBE's website. The annual core consumer price index that the central bank uses to measure the level of prices after excluding the volatile cost commodities such fruits and vegetables jumped to 13.52 percent in August from 12.38 percent the month before. More»
Amwal Al Ghad English - 2016-09-22 08:52:42
The European Investment Bank (EIB) is set to lend Ethiopia $200 million to build two industry parks that will employ 30,000 refugees in a move aimed at curbing migration to Europe, the bank announced Wednesday. The Horn of Africa country hosts more than 743,000 refugees and asylum seekers from neighbouring countries, many of whom use its camps as way stations on a longer journey to Europe. The bank said the 30,000 refugees will be among 100,000 people who will be employed altogether in a scheme that will cost $500 million. The World Bank, Britain, and other EU nations will provide the rest of the financing. "We know that Ethiopia is for many a stopping point before making the dangerous onward journey to final destinations in Europe," said Werner Hoyer, the EIB's president. "Initiatives and projects like this provide people with a choice to stay closer to home and an opportunity for economic growth as well," he added in a statement. Over 161,000 Eritrean refugees currently reside in Ethiopia, the majority of whom say they fled the prospect of unlimited service in the Eritrean military. More than 33,000 Eritreans sought asylum in Europe last year, the European Union says. Eritrea accounts for five percent of the refugees and migrants to have reached European shores so far this year, according to data obtained from the United Nations refugee agency UNHCR. More»
Amwal Al Ghad English - 2016-09-22 08:02:49
Egypt’s central bank will likely raise its key borrowing costs to the highest level in more than a decade in a bid to curb surging consumer prices amid growing speculation of another currency devaluation to ease the country’s dollar crunch. The Monetary Policy Committee will raise the benchmark overnight deposit rate by 50 basis points to 12.25 percent, the highest since at least 2005, according to the median estimate in a Bloomberg survey. Four of seven economists predict an increase, ranging from 25 to 100 basis points, while none forecast a cut. Inflation accelerated to 15.5 percent in August, the highest level since at least 2009. The meeting comes before an imminent $12 billion International Monetary Fund loan to finance a government program that seeks to restore investor confidence. But steps including lower electricity subsidies, a new value-added tax and weaker currency risk exacerbating Egypt’s economic hardship, at least initially, because they are expected to push inflation even higher. “Higher inflation will be the cost of aggressive reforms in the short-term, and we believe it a reasonable price to pay for much needed policy actions lifting the overhang on Egypt’s economy,” said Reham El Desoki, senior economist at Dubai-based Arqaam Capital. The bank may raise rates by one to three percentage points “to attract investors and help curb inflation stemming from the fiscal reforms, and from a devaluation that we expect to happen soon,” she said. More»
Amwal Al Ghad English - 2016-09-21 17:03:50
One of the Latvian banks is bidding to finance a project to supply and manufacture 700 railway carriages in favour of the Egyptian National Railways (ENR). The announcement was made during a meeting in Cairo on Wednesday between Egyptian Minister of International Cooperation Sahar Nasr, Latvian Minister of Transport Uldis Augulis, and Iveta Šulca, Latvian Ambassador in Cairo, in the presence of representatives of Latvian railway and transport firms, notably RVR. Latvia will supply and manufacture 700 railway carriages in cooperation with the Egyptian Ministry of Military Production, as well as will train a group of Egyptian engineers and technicians on the latest technology used in making the carriages, said Minister Augulis. Augulis further said his ministry is in charge of studying all the financing offers for the Egyptian project, seeking to select the best offer that would meet with the Egyptian government’s programme approved by the parliament. The Egyptian government adopts a programme to upgrade railways system during the upcoming two years with total cost of 2.5 billion Egyptian pounds. More»
Sayed Badr - 2016-09-21 15:12:07
Egypt’s domestic liquidity surged to 2.094 trillion Egyptian pounds ($235.7 billion) by end of June this year, according to the central bank’s monthly bulletin released on Wednesday. In May, domestic liquidity stood at 2.044 trillion pounds. The increase in domestic liquidity was reflected in the growth of the money supply to 572.935 billion pounds in June, from 552.97 billion pounds in May, backed by the rise in local currency deposits with banks to 226.082 billion pounds, the central bank added. Another factor contributed to the rise in domestic liquidity was the growth of the quasi-money to 1.521 trillion pounds by end of June, compared to 1.491 trillion pounds by end of May. More»