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        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        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

Amwal Al Ghad English - 2014-11-26 14:50:14
During a visit to Egypt, Jim Cowles, Citi's CEO for the Europe, Middle East and Africa region, has reiterated the bank's strategic commitment to Egypt, the Middle East and North Africa. "Citi's main objective is to deliver extraordinary value for clients, shareholders and our employees," said Cowles, "The MENA region is essential to that goal, and Egypt constitutes a core part of our strategy. We are committed to the region, and we always explore new ways to support our clients." Citi has been present in the Middle East and North Africa since 1955, and offers full scale corporate and investment banking services in Egypt, UAE, Bahrain, Qatar, Kuwait, Lebanon, Jordan, Tunisia, Morocco, Algeria, Pakistan and Iraq. Citi's institutional capabilities in the region include Treasury & Trade Solutions, Corporate & Investment Banking, Capital Markets Origination, Global Markets and Islamic Banking. More»
Amwal Al Ghad English - 2014-11-26 10:41:56
Egypt’s biggest state-owned lender, the National Bank of Egypt (NBE) is in ongoing talks to pump US$900 million in two loans for sectors of electricity and transport, said vice chairman Mahmoud Montasser. The Egyptian banking official told Amwal Al Ghad, on the sidelines of the Builders of Egypt 2014 Forum that kicked off on Tuesday, that the two loans are in favour of two clients in the private sector in areas of electricity and transport. NBE’s negotiations over the two loans are still ongoing, and the bank is expecting to invite other banks to participate in the coming phase, Montasser noted. Elsewhere, the official referred that NBE’s management was studying some investments opportunities to expand into one of the African countries, but decided to postpone. NBE also announced Tuesday it would allocate around EGP10 billion (US$ 1.4 billion) to finance local contractor companies. The bank lending portfolio for local contractors has reached EGP 13 billion, serving around 2500 clients, he noted. More»
Ahmed Ali & Sayed Badr - 2014-11-26 10:14:48
United Bank Egypt is investing EGP 200 million in a syndicated loan for the state-owned Egyptian General Petroleum Corporation (EGPC), chairman Mohamed Ashmawy told Amwal Al Ghad on Tuesday. The official further said his bank’s contribution to the EGPC’s loan is divided into two portions; one in Egyptian pound and other in the US dollar. United Bank Egypt had turned into profitability to register profits amounting to EGP 600 million by end of 2013, Ashmawy noted, expressing upbeat on the bank’s upcoming business results. For the EGPC’s loan, 11 banks are contributing EGP 1.8 billion to the syndicated finance’s total value. The loan is the biggest in the history of the Egyptian banking sector’s history, at total worth EGP 10 billion, with the aim of funding the state-owned Misr Petroleum and Petroleum Cooperative Society Co. (CO-OP). More»
Amwal Al Ghad English - 2014-11-26 09:10:57
In line with its commitment to support public services, AlexBank –a group of Intesa Sanpaolo Group) is contributing to the EGP 4 billion syndicated loan provided to Vodafone Egypt. The loan is to finance the Vodafone Egypt’s future expansion plans and working capital. The amount of AlexBank’s credit facilities is EGP 650 million, also 16.25% of the total participation loan and the second highest share among those of 7 other banks chipping in to fund the Vodafone loan. Following the signing ceremony on the loan agreement at Vodafone's headquarters on Tuesday, Hassan Ghanem, Chief of Corporate, Investment Banking and financial Institutions, stated: "The bank's financial contribution to the improvement of the telecommunications network is part of AlexBank's strategy to support national projects in Egypt. The bank has been involved in financing a number of infrastructure projects in line with the government's directions to improve public services." " This participation reflects the bank's confidence in the Egyptian economy and its strategy in financing mega projects and corporate in order to back the Egyptian economy and enhance its competitiveness via contributing in financing a number of infrastructure projects in many sectors , which cope with government's plans in boosting economic situation and encourage investments in Egypt , backed by the solid financial position the bank has and its branches all over the governorates" Ghanem added. Banks are milestone for backing huge national projects to achieve current economic development targets. Such a loan represents a trend for future projects; as a number of companies operating in Egypt will resort to banks for boosting their projects and enhancing their productive capacity. More»
Amwal Al Ghad English - 2014-11-26 08:37:30
Egypt's central bank is expected to keep interest rates on hold on Thursday as inflationary pressure continues to ease and policymakers seek to avoid stifling a nascent economic recovery in the most populous Arab nation. The economy has been in turmoil since a popular uprising ousted autocrat Hosni Mubarak in 2011, deterring tourists and foreign investors and straining the country's finances. To help bring down its swelling budget deficit, the government in July slashed fuel subsidies, raising energy costs for companies and consumers by up to 78 percent. That pushed up prices and hit business activity in July. But the effect appears to have been short-lived, with the pace of economic activity picking up in the three months since and core inflation continuing to ease in October. Four economists surveyed by Reuters forecast that the central bank would keep its overnight rates unchanged at 10.25 percent for lending and 9.25 percent for deposits at its policy-setting meeting on Thursday. "The (central bank) will be wary of snuffing out the economic recovery," Capital Economics said in a research note. "Buoyed by a return to political stability and signs that the government is embarking on reforms, foreign investors are already returning to the country," the note said. A fifth economist surveyed by Reuters predicted that the central bank would raise both rates by 0.25 percent. "One of the tactics the central bank will follow is to increase the interest rate to defend the Egyptian pound," said Eman Negm, an economist at Prime Holding. Egypt's currency fluctuated on the black market last week due to a surge in commercial demand for dollars and concerns over Egypt's plans to repay a $2.5 billion Qatari deposit. The volatility followed an announcement earlier this month by the central bank governor that he would eliminate the black market within six to 12 months. More»