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        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

Mohamed Hamdy - 2014-09-07 13:42:44
In cooperation with the Suez Canal Bank, the United Bank announced Sunday that it will start selling the investment certificates, designated to fund the new canal alongside the Suez Canal. Chairman and Managing Director at United Bank Mohamed Ashmawy said his bank desires to be among the four major banks that offering their clients to purchase the Suez Canal Certificates. United Bank permits purchasing the certificates from its 48 branches which spread across governorates, Ashmawy noted. Clients and non-clients can buy the certificate by going to the nearest branch to purchase it. The New certificate of Suez Canal has met with highly demand from the Egyptian citizens as in day-one it achieved EGP6 billion. More»
Mohamed Hamdy - 2014-09-07 11:56:45
Egypt’s main agricultural bank - Principal Bank for Development and Agricultural Credit (PBDAC) recorded a surplus of EGP 30 million in its Islamic transactions for fiscal year 2013/2014. This comes despite the fact that the bank has incurred accumulative losses amounting to EGP 3.5 billion. “This is a remarkable achievement for the PBDAC,” a source from the Islamic Transactions Division stated, who referred that the bank has 20 offices only for Islamic transactions. The total value of PBDAC’s Islamic dealings deposits has crossed EGP 800 million, the source said, adding that it is likely to reach EGP 1 billion by end of 2014. Moreover, the source also noted that the bank recorded total Islamic finances of EGP 650 million, aiming to take part in syndicated Islamic finance alliances in the upcoming period. More»
Amwal Al Ghad English - 2014-09-07 08:06:44
Libya's Central Bank denied on Saturday exempting Egypt the repayment of a US$2 billion deposit placed at the Egyptian Central Bank. A statement by the Libyan bank denied "rumors" circulated across social media networks claiming that the Libyan parliament decided to spare Egypt the repayment of the deposit. Libya's central bank chief had earlier told the Libyan News Agency that the deposit is repayable within five years. Egypt relied on loans from several Arab states to embolden an economy weakened by the political instability since the ouster of former president Mohamed Morsi. The conditions of Egyptians in Libya over the past months have been worsening with Egyptian drivers occasionally held hostage and thousands deported to escape infighting in Libya. Egypt has been recently accused of staging air strikes in association with the United Arab Emirates targeting Islamist militant strongholds in Libya, though the government has officially denied it. Last August, an Egyptian government official, who spoke on condition of anonymity, revealed that Qatar was requesting the return of its $3 billion deposited in the Central Bank of Egypt (CBE). CBE is prepared to pay the Qatari deposit value in two installments in October and November. More»
Amwal Al Ghad English - 2014-09-06 09:16:49
The Islamic Development Bank (IDB) is considering a recent request by Egypt for $160 million in funding for its electricity interconnection project with Saudi Arabia, said finance minister Hany Qadry. The Egyptian minister further stated on Saturday that the upcoming period will witness more cooperation between Egypt and the IDB. IDB’s executive board will convene next October to review another Egyptian request for $223.2 million in funding for the second phase of upgrading Sharm El-Sheikh airport, Qadry noted. The electricity project will link Egypt and Saudi Arabia with investments of $1.6 billion. It will include the creation of a transmission line to transfer gas between the two countries at peak times for each country at a maximum of 3,000 MW. The line will have other uses as well, including electricity trade exchange, especially during the winter. This will allow Saudi Arabia to export surplus electricity to its organisations in Egypt. Earlier last Thursday morning, a huge power outage caused black-outs across Cairo causing major disruption across the city of some 20 million people at the height of the morning rush hour. Services were completely suspended on one of the city's three metro lines and heavily disrupted on a second, and the water supplies to households and businesses were also disrupted. The power outage also affected numerous state institutions including state television channels and radio stations which could not air without electricity to run their facilities. A technical mishap or "glitch caused the national electricity grid to lose around 9,000 megawatts of its generation capacity, leading to power outages in most provinces," Electricity Minister Mohamed Shaker said. More»
Amwal Al Ghad English - 2014-09-06 07:25:48
On the first day of release, Egypt’s banks sold over EGP 6 billion (around $856 million) worth of investment certificates to fund the new waterway along the Suez Canal, said governor of central bank Hisham Ramez. The certificates have been released Thursday by four state-owned banks: Bank Misr, the National Bank of Egypt, Banque du Caire, and the Suez Canal Bank, attracting an "unprecedented" number of customers, according to Ramez. The certificates, limited to Egypt nationals and corporations, are issued at a value of EGP 10, EGP 100, EGP 1000 and its multiples, with a maturity of five years and a 12 percent interest rate. There is no ceiling to the amount of certificates a single individual or corporation can acquire. Egyptian expatriates can buy the certificates from banks overseas with ties to issuant banks in Egypt, in Egyptian pounds. The government seeks to collect EGP 60 billion ($8.4 billion), needed for the digging of the Suez Canal extension and six tunnels that will link the east and west banks of the canal. More»