amwalalghad :: Banks

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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        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        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        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

Amwal Al Ghad English - 2013-05-22 13:41:07
Emirates NBD launched a $1 billion core capital-boosting bond on Wednesday, amid healthy demand, allowing the Dubai lender to tighten earlier price guidance.The Tier 1 bond launched at a final yield of 5.75 percent, tighter than the 6 percent indicated earlier in the day.Pricing is due later on Wednesday.Bank of America Merrill Lynch, Deutsche Bank , HSBC Holdings, ING, Morgan Stanley as well as Emirates NBD's investment banking unit are mandated arrangers on the bond. More»
Amwal Al Ghad English - 2013-05-22 13:11:57
The Board of Governors of Islamic Development Bank Group approved at the conclusion of its annual meetings in the Tajik capital of Dushanbe today the increase of the bank's capital from $ 45 billion to $ 150 billion. The Bank said that the increase came in implementation of the decision of the Extraordinary Islamic Summit held in Makkah in December 2005, and in response to the directive of the 4th Extraordinary Islamic Summit held in the last month of Ramadan, which called for a significant increase in the Bank's capital to meet the growing requirements of development in the Member States. The meetings were attended by the Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf , who headed the delegation of the Kingdom of Saudi Arabia. More»
Mohamed Hamdy - 2013-05-22 12:42:53
The Central Bank of Egypt (CBE) has brought new bancassurance regulations into effect so as to allow banks to offer this service. CBE announced in a statement that the new regulations and procedures of bancassurance include the necessity of covering risks related to bancassurance and the complete separation of the activities of banks and insurance companies as well as adherence to transparency and disclosure requirements. CBE’s board of directors decided in its session yesterday to approve these regulations and stated that banks that want to offer this service shall submit a request to the control and supervision sector before dealing with insurance companies. The central bank granted banks, which offer bancassurance service, a reprieve of three months to adjust their positions. More»
Mohamed Hamdy - 2013-05-22 11:34:00
The Federation of Egyptian Banks’ technical committee will discuss the possibility of establishing a microfinance bank next Wednesday, said Sherif Gamea, general executive manager of FEB. The National Bank of Egypt (NBE) is the one that suggests the idea of setting up a bank that finance micro-enterprises as well as the poor which will be similar to the Grameen microfinance bank in Bangladesh, he elaborated. The technical committee will submit the recommendations to FEB in order to be studied, he added. The Governor of the Central Bank of Egypt (CBE), Hisham Ramez, has revealed to Amwal Al Ghad that the federation will meet next June to discuss the possible methods of financing micro-enterprises. More»
Amwal Al Ghad English - 2013-05-22 10:30:54
More than 480 leading industry players, thought leaders and key regulators in the international and regional Islamic finance industry will be gathering from the 3rd to the 5th of June 2013 at the Pan Pacific Singapore Hotel, Singapore, for the 4th Annual World Islamic Banking Conference: Asia Summit (WIBC Asia 2013). To be held under the theme "Bridging the World of Islamic Finance: Boosting International Linkages and Cross-Border Opportunities", WIBC Asia 2013, hosted with the official support of the Monetary Authority Singapore, will set the stage for high-level discussions focusing on strengthening international connectivity and capturing cross-border opportunities that will drive further growth in the Islamic finance industry in Asia. The summit will also seek to bolster stronger economic linkages with other key centers for Islamic finance, with a principal focus on forging ties with the Arabian Gulf.Announcing the launch of the 4th annual edition of the event, David McLean, Chief Executive of the World Islamic Banking Conference: Asia Summit (WIBC Asia), noted that “the global Islamic finance industry has over the last decade witnessed a transition into a dynamic, fast growing and competitive form of financial intermediation servicing an increasingly international client base”.   “The Ernst & Young World Islamic Banking Competitiveness Report, which was launched at the 19th Annual World Islamic Banking Conference: Global Summit (WIBC) in Bahrain last December, estimated that global Islamic assets are expected to reach $ 1.8 trillion by 2013”, he said.   According to Mr. McLean, a key factor which will ensure further growth in the Islamic finance industry and boost its ability to successfully compete with the conventional financial system would be improved international connectivity - both in terms of trans-jurisdictional regulatory harmonization and product standardization. More»