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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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        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        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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        National Development Bank   6.72        Six of October Development & I   15.03        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

Radwa Alaa - 2013-04-29 10:36:43
The Central Bank of Egypt (CBE) offers US$ 40 million on Monday to local banks at its 52nd FX auction and the 36th one since Hisham Ramez has been named the Governor of CBE last February. This auction brings the value of dollars offered at FX auctions under the leadership of Ramez to US$ 1.44 billion, in addition to US$ 600 million offered at an exceptional auction to provide banks with the dollar liquidity needed to import wheat, meat, cooking oil and other basic goods. CBE offered US$ 80 million only last week at two auctions on Monday and Wednesday so as to limit the increase in the value of dollar against the Egyptian pound. The dollar’s value rose to EGP 6.9563 at the end of the week’s transactions, while it steadied at EGP 6.9334 at the beginning of last week. More»
Moustafa Adel - 2013-04-29 09:36:37
The Egyptian Ministry of Finance will meet on Tuesday officials from CitiBank for the fourth time to discuss possible ways to receive technical support from the bank to issue sukuk (Islamic bonds), said Dr. Ahmed El Naggar, adviser to the Minister of Finance and the one responsible for sukuk. Egypt has made progress in negotiations with many international financial institutions to receive the required technical support and market sukuk all over the world, he added. The Ministry received offers to establish 20 projects. Feasibility studies of four projects, which will be financed through sukuk, have been submitted and they are: Ain Shams-10th of Ramadan Train Project (requires investments worth EGP 4.5 billion), Black Sand Project in Kafr El-Sheikh (requires investments worth US$ 150 million) and Silos Project which will be launched next July  and it requires investments worth EGP 4 billion. More»
Mohamed Hamdy and Moustafa Adel - 2013-04-29 09:00:43
The National Bank of Egypt (NBE), Banque Misr, Alex Bank Intesa Sanpaolo and Nasser Social Bank have raised interest rate on loans offered to finance the third phase of White Taxi project from 11.5% to 13.5%, a source said. The contract of the project, which aims at encouraging taxi owners to replace their aging cabs with new automobiles, will be signed today under which 15,000 cars will be financed. NBE, Alex Bank and Banque Misr offered EGP 340 million, EGP 1 billion and EGP 550 million, respectively to the project. The costs of interest rate incurred by the Ministry of Finance reached EGP 50 million, as a result of deferring the payments. More»
Radwa Alaa - 2013-04-29 08:02:04
The Egyptian dollar-denominated certificate of deposit launched by the National Bank of Egypt (NBE) on behalf of the Ministry of Finance attracted US$ 194 million in a year since it was launched at the end of April 2012 in seven Arab countries for Egyptian expatriates. Despite having a high return of 4%, the certificate does not witness a high demand in the last period because Egyptian expatriates are wary about the economic and political situations in Egypt as the certificates attracted US$ 3.5 million since last March. The Finance Ministry and the Central Bank of Egypt (CBE) approved to extend the period of selling the CDs for six months starting from April 25th to September 25th. The dollar CDs were launched by the National Bank of Egypt (NBE), Banque Misr, National Bank of Abu Dhabi, National Bank of Kuwait, Ahli United Bank, Arab Bank and Arab Banking Corporation in May 2012 with term of three years and annual return of 4% that is refundable after six months with a minimum purchasing limit of US$ 1000 and no maximum limit. The return is calculated from the beginning of the first day of the following month of the purchasing date as long as it precedes the following new month with at least five days. More»
Moustafa Adel - 2013-04-28 14:43:51
The Egyptian Ministry of Finance sold 91- and 266-day treasury bills worth EGP 6 billion. The Ministry raised EGP 3 billion in 91-day T-bills and EGP 3 billion in 266-day T-bills. Yields on 91-day T-bills ranged from 12.849% to 13.148%, while the average return registered 13.018%. Yields on 266-day T-bills ranged from 13.549% to 13.830%, while the average return registered 13.743%. The Ministry sold treasury bills and bonds worth EGP 13.5 billion last week. The Ministry sells these government debt instruments to finance the burgeoning budget deficit which widened to EGP 146.5 billion during the period from July 2012 to February 2013, registering 8.2% if the country’s GDP. The budget deficit is expected to reach EGP 190 million by the end of the current fiscal year. More»