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

Amwal Al Ghad English - 2015-01-21 10:03:47
Billionaires gathering at the World Economic Forum’s annual meeting this week in Davos, Switzerland, are worried about global terrorism, oil prices and Vladimir Putin’s stance on Ukraine. The one thing they agree on is that the Fed will keep interest rates at record lows. About a half dozen of the wealthiest participants, including Irish telecoms entrepreneur Denis O’Brien and Italian shoe billionaire Mario Polegato, said the US Federal Reserve won’t raise rates until the end of the year. “Everything is too tender at the moment,” Mr O’Brien, chairman of Digicel, said. The Fed won’t increase rates “until late 2015 or the beginning of 2016 at the earliest.” The 56-year-old, who has attended Davos for more than a decade and often comes to the event for just a day on his Gulfstream 650 jet plane, said the trade relationship between Russia and Europe and the US is the greatest geopolitical issue facing the world’s economy. “The US and Europe have the wrong approach on Russia,” he said. “The big issue here is whether the EU, US and IMF will help Ukraine prevent a default. If Europe doesn’t stand firm with the Ukrainians, the country will melt down.” Ma, Gates O’Brien is one of at least 100 billionaires joining more than 2,500 business and political leaders in Switzerland this week, according to a list of attendees and promotional materials. He said if he had $100 million to invest, he would put $60 million in Yandex, which operates the biggest search engine in Russia, and $40 million in mobile-phone operator VimpelCom Ltd. He said oil would be $60 per barrel at the end of the year. The wealthiest people on the planet got even richer last year, adding $92 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 400 wealthiest individuals. The aggregate net worth of the world’s top billionaires stands at about $4 trillion, according to the ranking. Jack Ma, last year’s biggest gainer, is attending the forum in Davos, as is Bill Gates, the founder and chairman ofMicrosoft and the world’s richest person. Both declined to participate in the Bloomberg survey through spokesmen. Billionaire Adi Godrej, 72, said oil would be around $45 per barrel at the start of 2016, and that the militant Islamic State movement is the biggest threat to global stability. He said he would invest $100 million in Picassos over stocks, US dollars or gold. Mr Godrej, who has visited Davos for more than 20 years, forecast that the Fed would raise rates in the middle of the year, and would do so in two or three tranches. Last year, he predicted that interest rates would rise “somewhat in the developed world.” Rahul Bajaj is also among the 15 Indian billionaires in attendance, topped only by the US contingent, which has more than 25 at the event, including investor George Soros, Google chairman Eric Schmidt, and Facebook chief operating officer Sheryl Sandberg, who became a billionaire during last year’s meeting. Mr Bajaj said terrorism and income inequality are the biggest threats to the world. International conflict, along with extreme weather events and high unemployment, are among the five top global risks in terms of likelihood, according to the World Economic Forum’s Global Risk study, which was released January 15. More»
Amwal Al Ghad English - 2015-01-21 08:51:04
Wall Street investment bank Morgan Stanley said it would pay a smaller portion of revenue in bonuses to its bankers and traders this year even in a better revenue environment. The bank reported a drop in fourth-quarter adjusted earnings, missing estimates, as it deferred fewer bonus payouts and unexpected market swings hit its division that trades bonds, currencies and commodities. In the past, Morgan Stanley has deferred up to 80 percent of its bonuses. But it said last month it would pay more up front because it was on a stronger financial footing and in a better position to bring its practices into line with rivals. Morgan Stanley said on Tuesday it would pay 39 percent or less of revenue from its institutional securities business to employees in 2015. Chief Executive James Gorman said in June the ratio would be 40 percent or less. The bank's shares were down 1.7 percent in morning trading. More»
Amwal Al Ghad English - 2015-01-21 08:24:26
Egyptian asset management, corporate finance and investment banking firm, Cairo Financial Holding (CHF), has raised its growth forecasts for Egypt’s GDP. The firm said that in the current fiscal year, GDP will be 3.7%, up from its 2.8% predictions in June 2014, as it noted increased foreign direct investment (FDI) and government measures towards bolstering investment. In a report issued on 20 January entitled “Egypt – the positive change”, CFH said “signs of recovery are starting to show, reflecting solid moves towards pro-investment strategies”. The investment bank named a 6.8% GDP growth during the first quarter (Q1) of FY 2015 among the positive changes, as it exceeded a previous estimate of 4.9%. In October 2014, the International Monetary Fund (IMF) cut its growth forecast for the Egyptian economy to 3.5% from a previous 4.1 predicted in April. This came on the back of security concerns affecting the return of tourism to Egypt. CFH’s report added that “speedy” steps have culminated in the resolution of 411 disputes with investors. Progress has been made in settling dues to oil companies, which has seen the payment of 40% of the debts. More»
Amwal Al Ghad English - 2015-01-20 12:09:29
 Al Baraka Banking Group organized an advanced lecture titled "structural challenges of the reforms in the financial sector," presented by a US expert Mr. Sarkis D. Yoghourtdjian, Assistant Director of Division of Banking Supervision and Regulation at The Board of Governors of the Federal Reserve System in USA. He discussed control and supervision system structure which is currently applied on the international level in the period after the global financial crisis. He also touched on some of the laws and regulations applicable in the United States and their relationship with the strategy of dealing with classified institutions under the title too big to be allowed to collapse or fall. He also spoke about the overall structure of the control and supervision international system and most recently the Basel III system, and submitted a proposal of  8 points that he sees them as a safe umbrella for the banking system. He also called the supervisory and regulatory authorities to adopt a regulatory and supervisory system based on local cultural and social requirements. He also called for a return to the simple work model of modern banking as represented by financial intermediation and away from the complex business models. For his part, Mr. Adnan Ahmed Yousif, a member of the Board of Directors and President and Chief Executive of Al Baraka Banking Group welcomed Mr. Sarkis in his second participation in one of the Group's programs, and expressed his thanks to him for accepting the invitation and for the valuable information and excellent analysis provided by him. Mr. Adnan indicated that the organization of this lecture is a part of the Group's commitment to build strong business model that is capable of serving Bahrain community and other communities by the required efficiency and effectiveness. More»
Sayed Badr - 2015-01-20 11:12:35
Barclays PLC has inaugurated on Monday new branches in Egypt, located for the first time in malls. The two new branches locate in two of the biggest malls in Egypt, Cairo Festival City and Mall of Arabia. The new branches are part of Barclays’ ambitious plan to strengthen its leadership in retail banking and customer service.Hazem Hegazy, Consumer Banking Director at Barclays Bank Egypt, stated, “The choice to be located in these two strategic venues is mainly to serve our valued customers within shopping malls to be the ‘Go-To’ bank and also to be present in geographical places where we had no presence.” He added, “Our branch at Mall of Arabia provides banking services to our customers in 6th of October on the Western side of Greater Cairo, while our Cairo Festival City Mall branch will serve our customers on the Eastern side of Greater Cairo.” These two new branches are also the first model branches, which offer a distinguished level of service to customers, in addition to providing self-service, a VIP lounge and larger waiting areas. These branch openings confirm Barclays Bank Egypt’s commitment to increase its investment in the Egyptian market and to expand its geographic and strategic presence through the launch of new products and services in 2015.”Hegazy also noted that the two newly-inaugurated branches are equipped with the very latest technology as well as the internet banking service. On the sidelines of the inauguration ceremony, Hegazy referred to Amwal Al Ghad to Barclays Egypt’s initial plans to open up two more branches within the current year. The banking official expected that Barclays Egypt’s total network of branches would reach 60, saying the bank is also studying the inception of mini branches in the light of the initiative recently launched by the Central Bank of Egypt.  More»