amwalalghad :: Banks

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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

Sayd Badr - 2013-10-23 12:01:17
Hisham Ramez, the Governor of the Central Bank of Egypt (CBE), denied media rumors which reported a decline of deposits of the banking sector, noting that the volume of deposits for both local and foreign currencies inched up to EGP 1 trillion and EGP 200 billion at the end of last August, from EGP 936 billion in January 2011.  Ramez has pointed out that local currency deposits has hit a record around EGP 916 billion at the end of August, opposed to EGP 725 billion at the end of January 2011, whereas the foreign currency deposits has recorded EGP 297.5 billion in August against EGP 211 billion at the end of January2011. The top official has further said the loans granted by the banking sector registered EGP 550 billion at the end of August, compared to EGP 465 billion in January 2011. More»
Mohamed Hamdy - 2013-10-23 11:40:43
The Industrial Development and Workers Bank of Egypt (IDWB) recorded an increase in its SME finance portfolio to EGP 426 million by the end of September 2013, up from EGP 350 million posted by the end of September 2012. Hamdi Azzam, Board Member at IDWB, said his bank is targeting posting EGP 500 million in its SMEs finance portfolio by the end of 2013 on condition of political stability. He further referred that the bank has recently signed two finance contracts with the Social Fund for Development (SFD). The first contract is worth EGP 75 million - designated for the debit current account; and the second contract is worth EGP 25 million – dedicated to live stock projects and food industries, Mr. Azzam added. By the end of September, IDBE has registered a rise in its profits of EGP 34 million to EGP 104 million, compared to EGP 70 million recorded at the end of June. It is worth noting that the bank is currently holding negotiations with ministries of finance and industry in addition to the Central Bank of Egypt (CBE), seeking a capital top-up to EGP 2 billion, from EGP 500 million. More»
Mohamed Hamdy - 2013-10-23 11:31:39
The Egyptian Arab Land Bank (EALB) has issued its final approval on pumping EGP 100 million for the loans which are arranging by the Arab African International Bank (AAIB) for SODIC Real Estate Developing Cairo which reached EGP 1.1 billion. An official source in ELAB has informed Amwal Al Ghad that the bank has sent a final approval to the AAIB within the last week , expecting to finalize signing the loan before the end of this year. The funding is working to complete WesTown comprises of 1.2 million m2 of land , it includes the gated residential neighborhood of Westown residences , the mixed-use neighborhood of Forty West. ELAB is considered to be the second bank which agreed on participating in loans after the approval of Audi bank to pump EGP 150 million. It is worth mentioning that Six of October Development & Investment (SODIC) - (OCDI) BOD has attained EGP 1.65 billion strong sales within the first half of this year. More»
Amwal Al Ghad English - 2013-10-23 07:41:33
The ministerial economic group has discussed the latest developments in the local market, praising the positive indications of the Cabinet's economic plan that brought a rise in the deposits in the Egyptian pound and foreign currencies. During the meeting, chaired by Prime Minister Hazem al-Beblawi, the Governor of the Central Bank of Egypt (CBE) praised the confidence in the Egyptian government's economic policies. Beblawi also listened to reports on the provision of basic commodities on the local market and the government's policy to control price rises and means to protect the citizens against price increases through ration cards and the co-ops which offer shoppers prices lower than those on the market. More»
Sayd Badr - 2013-10-23 07:34:49
The Governor of the Central Bank of Egypt, Hisham Ramez, has asserted that the Egyptian economy has a promising advancement opportunities, stressing that the interim government is working to amend the current legislative structure to stimulate and encourage investments through many measures in the coming period. Ramez has called for the need of the citizens to work hardly within the coming period and to increase production so as to improve the economic situation in general. Ramez said Egypt is facing many economic challenges in the growth rates which recorded 2.2% during the last fiscal year, the boosting of the annual inflation to 10%, unemployment, in addition the political problems in the last three years, asserting that the state apparatus should unite within the coming period so as to resolve these problems. Ramez has stated that the growth rates of USA recorded only 1.6% and 7.5% unemployment ,and domestic debts up 74% of gross national income (GNP) while the external debt  reached 101%, , saying  the growth in the USA recorded 1.3%, while the unemployment registered  7.5% and inflation increased to 2.7%, pointing out that the British domestic debt recorded about 90% of the national income, while the external debt of the government and the private sector registered about 434% of (GNI). More»