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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

Moustafa Adel - 2013-02-04 13:35:02
The Egyptian Ministry of Finance sold 5- and 7-year T-bonds worth EGP 1.5 billion on Monday. The Ministry stated on its website that it sold 5-year T-bonds for EGP 1 billion in an auction, the total amount it has offered. It added that it offered EGP 1 billion worth of 7-year T-bonds, but it only raised EGP 500 million because banks demanded higher returns. The yields on 5-year T-bonds ranged from 14.67% to 14.89%, while the average rate registered 14.79%. The yields on 7-year T-bonds ranged from 15.10% to 15.25%, while the average rate reached 15.184%. The Ministry of Finance sells treasury bills and bonds in order to finance the widening budget deficit which is expected to reach EGP 200 billion by the end of FY 2012/2013. More»
Sayed Badr and Radwa Alaa - 2013-02-04 12:38:34
A number of bankers expected banks in Egypt to raise returns on savings certificates in the current period after Banque Misr has already raised interest rates on its local-currency distinct savings certificate from 11.5% to 12.5% and Commercial International Bank (CIB) raised returns on its 3-year savings certificate from 10.5% to 11%. Bankers revealed that both Banque Misr and CIB acquire about EGP 242 million of the savings certificates market in Egypt. Bankers differed on the reasons behind raising returns on savings certificates considering that this move will affect the returns on government debt instruments. Fatima El-Ebrashy, head of banking activity development unit at Arab Banking Corporation (ABC), affirmed that there is no local currency shortage at banks, noting that returns on savings certificates are determined according to the bank’s strategy and its needs for liquidity. El-Ebrashy expected other banks to take such move in the upcoming period so as to be able to compete with the banks which initiated such move. She added that the returns offered by banks in the meantime are suitable to the market conditions, noting that the Central Bank of Egypt’s Monetary Policy Committee has left interest rates unchanged in its last meeting. More»
Amwal Al Ghad - 2013-02-04 12:22:40
An official involved in the BNP Paribas deal stated that the CBE had agreed in a meeting with its Board of Directors last Tuesday to sell the BNP Paribas to Emirates NBD, however official approval for the deal was not given until today, Daily News Egypt website reported. The deal will cost NBD $500m for all BNP Paribas’ shares. The CBE also agreed to allow the Qatari QNB Group to buy the entire shares of NSGB. In a speech made last Thursday, QNB stated that it was currently undergoing measures to begin a takeover of NSGB in accordance with Egyptian law. QNB first made the offer to the CBE on 19 December 2012, and expects to complete the takeover within the next two months. More»
Radwa Alaa - 2013-02-04 11:14:56
The Central Bank of Egypt (CBE) has delayed its 17th FX auction on Monday for the second consecutive time, on the second day of the newly-appointed Governor Hisham Ramez at CBE, sources said. A number of bankers and forex experts affirmed that stabilizing the forex market is one of the main challenges facing the new governor in the current period. CBE delayed its 17th FX auction yesterday after it was slated to conduct three FX auctions this week: on Sunday, Tuesday and Thursday. Some experts expected Ramez to take the required procedures to stabilize the forex market so as to avoid a potential collapse of the Egyptian pound. The value of dollar highly surged after launching the new system at the end of last December. The value of dollar registered 6.37 (Sell price) at the beginning of launching the new system and hiked to EGP 6.81 (sell price). More»
Moustafa Adel - 2013-02-04 07:46:10
The Egyptian Ministry of Finance offers 5- and 7- year T-bonds each worth EGP 1 billion on Monday. The Ministry targets to offer 91-, 182-, 273-, and 364-day T-bills and 3-, 5-, 7- and 10-year T-bonds with total value of EGP 52.5 billion in February. The Ministry stated on its website that it will offer 91-, 182-, 273-, and 364-day T-bills with values of EGP 5.5 billion, EGP 9.5 billion, EGP 15.5 billion and EGP 16 billion respectively. The Ministry added that it will offer 3-year T-bonds (mature on January 2016) worth EGP 2 billion, 5-year T-bonds (mature in November 2017) worth EGP 1.5 billion, 7-year T-bonds (mature in November 2019) worth EGP 1.5 billion and 10-year T-bonds (mature in January 2023) worth EGP 1 billion. The Ministry sells treasury bills and bonds in order to finance the widening budget deficit which is expected to reach EGP 200 billion by the end of FY 2012/2013. More»