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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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 and Sayed Badr - 2013-03-25 08:28:46
Nine banks approved to contribute to the US$ 1.250 billion loan arranged by the National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), Banque Du Caire and Arab International Bank for the Egyptian Ethylene and Derivatives Company (Ethydco). China Development Bank, Export Development Bank of Egypt, Al Baraka Bank of Egypt, Faisal Islamic Bank of Egypt and Société Arabe Internationale de Banque (SAIB) approved to contribute to the foreign-currency segment of the loan. National Bank of Abu Dhabi (NBAD), Egyptian Gulf Bank (EGB), Arab Investment Bank and Bank Audi Egypt will contribute to the local-currency segment of the loan. China Development Bank, Export Development Bank of Egypt, Faisal Islamic Bank of Egypt, SAIB and Al Baraka Bank of Egypt will contribute US$ 75 million, US$ 50 million, US$ 50 million, US$ 30 million and US$ 25 million, respectively. NBAD, EGB, Arab Investment Bank and Bank Audi Egypt will contribute EGP 180 million, EGP 150 million, EGP 120 million and EGP 100 million, respectively. The ownership structure of the project will be divided as follows: Egyptian Petrochemicals Holding Company (20%), Sidi Kerir Petrochemicals Co. (20%), GASCO Company (11%), National Bank of Egypt (21%), National Investment Bank (14%), Banque Misr (10%) and Nasser Social Bank (4%). More»
Amwal Al Gahd - 2013-03-25 08:22:22
Eurozone finance ministers have agreed a 10bn-euro bailout deal for Cyprus to prevent its banking system collapsing and keep the country in the eurozone. Laiki (Popular) Bank - the country's second-biggest - will be wound down and deposit-holders with more than 100,000 euros ($130,000; £85,000) will face big losses. However, all deposits under 100,000 euros will be "fully guaranteed". The European Central Bank had set a deadline of Monday for a deal. Laiki will be split into "good" and "bad" banks, with its good assets eventually merged into Bank of Cyprus. More»
Moustafa Adel - 2013-03-24 13:38:50
The Egyptian Ministry of Finance sold 91- and 273-day treasury bills worth EGP 4.5 billion on Sunday, while the target was to sell EGP 5 billion worth of T-bills. The Ministry offered EGP 1.5 billion worth of 91-day T-bills, but it only raised EGP 1 billion. It raised EGP 3.5 billion from the 273-day T-bills, the total value of it has offered. The yields on 91-day T-bills ranged from 12.252% to 12.999%, while the average return registered 12.868%. The yields on 273-day T-bills ranged from 13.25% to 14.300%, while the average return registered 13.935%. This raises the value of treasury bills and bonds offered by the Ministry of Finance during March to EGP 45 billion, while the target is EGP 51.5 billion. The Ministry sells government debt instruments (treasury bills and bonds) so as to finance the burgeoning budget deficit, although these instruments impose huge burdens on the government on the long term as their returns exceed 16% at times. The Minister of Finance El-Morsi El-Sayed Hegazy announced today that the state’s budget deficit is expected to reach EGP 188 billion for FY 2012/2013. The Economic signs released by the Finance Ministry showed that the budget deficit widened to EGP 119.8 billion during seven months starting from the current fiscal year to last January, registering 6.7% of the country’s GDP. More»
Abd Elhalem Elgendy & Abdallah Zidan - 2013-03-24 12:52:28
The Kuwait Finance House (Beitak) expressed an interest to subscribe US$ 3 billion of Egypt’s debut sukuk which will be issued after the sukuk law is approved, sources said. The Egyptian Ministry of Finance has received many offers from international investors asking to subscribe for Egypt’s first  sukuk issuance with value ranging from US$ 4 billion to US$ 6 billion, sources added. The Ministry negotiated with more than eight international banks and financial institutions such as Crédit Agricole, CitiBank UAE, Standard Chartered, BNP Paribas, HSBC, JP Morgan, Deutsche Bank and the Islamic Development Bank. These institutions provided suggestions concerning the sukuk bill and shared their experiences in sukuk. It is worth mentioning that Shura Council approved last week the sukuk bill without referring it to Al-Azhar to be revised by its Senior Scholars Council. This move was rejected by Islamist parties such as Al-Nour Party. More»
Amwal Al Ghad English - 2013-03-24 12:34:19
Egyptian Finance Minister Al-Morsi Al-Sayed Hegazy said in a conference on Sunday a technical team from the International Monetary Fund (IMF) will visit Egypt "within the coming few days, Al Ahram gazette reported. On March 17th, the IMF technical team has arrived in Egypt Sunday morning so as to reopen negotiations with the Egyptian government on the $4.8 billion loan widely seen as crucial to salvaging its damaged economy after almost two years of political turbulence. After holding the talks, the top official Masood Ahmed said he welcomes the Egyptian government's determination to move forward with their economic reform program. The IMF has in the past pushed for reforms in taxation and subsidies before granting loans. Egypt sees the loan as a lifeline to boost critically low foreign reserves and lure back foreign investors. Egypt has been holding negotiations with the IMF for multiple months seeking to obtain a loan resulting in reaching an initial agreement last November. The IMF has then postponed the talks requesting the government to amend its economic reform program.  The talks were resumed with the country in January over the amended reform program agreeing to make their next meeting be scheduled for Sunday, March 17th. More»