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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        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        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 - 2013-04-24 11:34:42
The Egyptian Arab Land Bank (EALB) conducts negotiations with a defaulting customer in the medical sector to settle his EGP 45 million debt. Abdel Megid Mohy El-Din, chairman of EALB, said the settlement is likely to be in return for acquiring a hospital. The bank settled EGP 400 million bad debts from July 2012 to March 2013, he added. Moreover, the bank is close to settling EGP 123 million debt in return for acquiring a customer’s real estate assets in Sharm El-Sheikh which is a tourist hotel. EALB’s real estate assets portfolio registered EGP 2.4 billion at the end of last March. The bank awaits the recovery of the real estate market to sell some of its real estate assets worth EGP 1 billion, he elaborated. More»
Mohamed Hamdy - 2013-04-24 09:53:37
The Industrial Development and Workers Bank of Egypt has finally approved to contribute EGP 100 million to the EGP 1.3 billion loan arranged for Hyde Park Properties for Development to finance commercial components of the company’s project in El Tagamu El Khames (fifth settlement). The Egyptian Arab Land Bank (EALB), Banque Du Caire, Al Baraka Bank of Egypt, Arab Investment Bank, Bank Audi Egypt and United Bank had earlier approved to contribute to the loan. The Industrial Development Bank also considers contributing US$ 20 million to the US$ 1.250 billion loan arranged for the Egyptian Ethylene and Derivatives Company (Ethydco) by the National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), Banque Du Caire and Arab International Bank, said El-Sayed El-Kosayer, chairman of the bank. The chairman had earlier revealed to Amwal Al Ghad that the bank targets to increase paid-up and issued capital from EGP 500 million to EGP 3 billion. More»
Amwal Al Gahd English - 2013-04-24 09:32:58
Barclays adjusted first quarter profits have fallen 25% to £1.8bn, partly due to the bank's restructuring programme. The bank is transforming itself into what it calls a "Go-To" bank. Barclays has come in for much criticism in recent years, following a series of scandals. Barclays' Chief Executive, Antony Jenkins said: "In our goal to become the 'Go-To' bank we have not chosen an easy path for Barclays, but we have chosen the right one." The profits were hit by a charge of £514m to cover the bank's "Project Transform", a plan to axe 3,700 jobs, cut back its investment banking arm and generally overhaul the bank's culture. More»
Radwa Alaa - 2013-04-24 09:28:21
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Wednesday at its 51st FX auction and the 35th one since the appointment of Hisham Ramez, governor of CBE, last February. This auction brings the total value of dollars offered at FX auctions under the leadership of Ramez to US$ 1.4 billion offered to meet the needs for hard currency, in addition to US$ 600 million offered at an exceptional auction last week to provide banks with the dollar liquidity needed to import wheat, meat, cooking oil and other basic goods. The value of dollar surged EGP 0.44 to reach EGP 6.81 since the implementation of FX auction mechanism at the end of 2012, up from EGP 6.37. Then, the value of dollar began to fall against the Egyptian pound concurrently with the appointment of the new governor at the beginning of last February as the value of dollar dropped EGP 0.08 to register EGP 6.73 on the second day since Ramez assumed the responsibilities of the new position. However, it rose again to be close to EGP 6.95. More»
Sayed Badr - 2013-04-24 09:07:10
The Egyptian Minister of Planning and International Cooperation, Dr. Ashraf Al Araby, announced that the Egyptian government is in talks with Qatari authorities to secure US$ 3 billion loan with interest rate ranging from 4% to 7%.He revealed that the government has already received US$ 2 billion five-year interest-free loan from Libya from days. "Egypt aims to achieve growth rate of 3.8% in the next fiscal year through increasing investments to EGP 291 billion; 60% of which will be achieved through the private sector. The target growth rate will create about 800,000 jobs," he added. More»