amwalalghad :: Banks

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        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        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        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        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 & Islam Abd El Hamed - 2013-06-27 10:09:05
Mohamed Ashmawy, chairman of United Bank, announced that the bank's finance to the SMEs projects have totaled at EGP 200 million in May 2013. Mohamed Ashmawy, in exclusive statements to Amwal Al Ghad, pointed out that 60% of the bank's SMEs portfolio is represented in letters of credit and indirect funding. The bank had withdrawn EGP 50 million out of the total volume of the contracts in which the bank signed with Social Fund for Development (SFD); noting that the contracts worth EGP 100 million, he added. Mohamed Ashmawy explained that his bank intends to expand in financing the Small and Medium Enterprises through launching 2 investment funds for SMEs with a capital of EGP 200 million in collaboration with Enma For Real Estate Development. More»
Amwal Al Ghad English - 2013-06-27 08:59:06
Nationalized Spanish bank Bankia said Thursday it had sold its stake in International Consolidated Airlines Group SA for 675 million euros, or EUR3.01 a share, a narrow 2.9% discount compared with the stock's closing price on Wednesday. Bankia said after the close of the market Wednesday it had started a process of placing its 12.09% stake in IAG with investors. The bank sold 224.25 million shares and will make a net capital gain of EUR167 million from the sale. Bankia has been compelled to sell its industrial stakes as a condition for receiving billions of euros in assistance, most of it coming from a European Union rescue package of EUR41 billion to clean up the Spanish banking system. Bankia continues to hold significant stakes in other listed companies. In early trading on Thursday IAG shares opened 2.2% higher at EUR3.04. Bankia shares rose 2.9% to EUR0.601. More»
Mohamed Hamdy - 2013-06-27 08:46:19
The Central Bank of Egypt (CBE) will be offering on Thursday US$ 40 million to the local banks at its 74th foreign exchange auction and its 57th since Hisham Ramez hold the office of the CBE’s Governor last February. Accordingly, CBE has pumped US$ 2.28billion, through periodic auctions, in the foreign exchange market since last February. It is worth mentioning that CBE had introduced FX auctions at the end of last year in an effort to provide the market with US dollar liquidity, following the country’s shortage of hard currency, which resulted from the political, and security’s unrests as well as the halt of the investment and tourism’s activities. Following these FX auction, US dollar witnessed a remarkable increase of EGP 0.72 as it surged to EGP 7.05 compared to EGP 6.37 in the first day of operating FX auctions. Noted that US dollars rates reached 7.02 last Monday. More»
Amwal Al Ghad English - 2013-06-27 08:17:23
MasterCard, National Bank of Egypt (NBE) in collaboration with Etisalat have rolled out their mobile payment wallet known as Flous in Egypt, which will offer secure and convenient payment services using mobile phones to Etisalat Egypt’s customers. Leveraging Etisalat mobile network, the new mobile payment gateway will enable users to transfer money to anyone participating in the service using their mobile phones. Suitable to be deployed on any mobile phone, the platform will allow subscribers to load cash on their phones or take out cash through over 100 of Etisalat's branches and 305 of NBE's branches across Egypt. It further enables customers to pay their bills using their mobile phones, top up their mobile prepaid lines, and pay for goods and services at many merchants' locations across the country, as well as for e-commerce payments globally. EBC managing director Mohamed Kamel Bayoumi said that the aim of the bank is to offer financial services to each and every Egyptian. Established in 1995, Egyptian Banks Company in which Central Bank of Egypt and the Ministry of Finance own 54% stake, aims to spread electronic payments culture to create a cashless society. Set up in 1898, NBE operates as a commercial bank in Egypt and has a network of 338 branch offices and outlets and more than 1520 ATM terminals. Source: Online Banking More»
Amwal Al Ghad English - 2013-06-27 08:09:14
Islamic banking experts have called on the Central Bank of Egypt to tailor its policies regarding Islamic banking services to be more in line with those of Islamic banks themselves. The call came during the fourth annual conference of the Egyptian Islamic Finance Association, during which the association launched its index of shares compatible with Islamic law, measuring the performance of those shares traded on Egypt’s stock exchange by their compatibility with Sharia standards. Muhammad Al-Beltagy, chairman of the association, said in a statements on Tuesday that such an index was not a new invention and has been used in a number of countries. The association would monitor the release and implementation of the index in accordance with the current circumstances of the market, after spending time reviewing the Quran and Sunnah. Experts in Islamic finance, including Hussain Hamed Hussan, chairman of the Board of Trustees for the Egyptian Islamic Finance Association, would also seek to cooperate with the IFA international investments firm before releasing the index. Mustafa Ibrahim, forensic audit manager for the National Bank for Investment, said the index was unique in that it was founded upon Sharia standard number 21, released by the Accounting and Auditing Organisation for Islamic Financial Institutions, which spells out regulations related to the trading of securities. Most stock indexes deemed compatible with Islamic law throughout the Arab world are not rooted in this law. He added that until now, many had been reluctant to invest in Egypt’s stock exchange, however the release of this latest index would encourage them to buy and rent stock. More»