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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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 - 2013-03-12 11:52:42
Banque Misr, Banque Du Caire, Commercial International Bank (CIB) and Bank Audi Egypt have reached an agreement with an engineering expert to conduct a field study about Tantalum Egypt’s project before financing the purchasing of the company’s requirements to mine at Abu Diab mines and extract metals such as tin and ester, sources said. The banks will offer US$ 120 million finance; divided equally over the four banks, and he loan period is five years, sources added. The banks wait the results of the study to sign the definitive loan agreements. The Australian company, which has great in experience in Canada and Africa, is close to signing the agreement to acquire a land for the project in Marsa Alam after conducting studies on the quantities of metals in the region. More»
Mohamed Hamdy - 2013-03-12 11:11:26
Banque Misr, Arab International Bank, Bank Audi Egypt, Faisal Islamic Bank of Egypt and Alex Bank Intesa Sanpaolo consider contributing to a loan arranged by the National Bank of Egypt (NBE) for the Egyptian Ethylene and Derivatives Company (Ethydco) to finance the construction of a new electrical power plant that will provide the company’s industrial complex with the required power. Sources said NBE approved to raise the value of finance from EGP 800 million to EGP 1.1 billion after the costs of construction have hiked and the value of Egyptian pound fell against other currencies, In addition, the finance has a dollar-currency segment as some of the required materials will be imported from outside the country. NBE will contribute from EGP 300 million to EGP 400 million to the loan and will assign other banks to provide the rest of the finance. The bank plans to sign the memorandum of terms and conditions with the company this month. It is worth mentioning that Ethydco received a loan worth US$ 1.250 billion from five banks to finance the establishment of a complex ethylene and polyethylene plants in Alexandria. More»
Mohamed Hamdy - 2013-03-12 10:26:25
The Arab Investment Bank plans to contribute to the EGP 520 million loan arranged by the National Bank of Egypt (NBE) and Misr Iran Development Bank for El Marakby for Metallic Industries to finance the establishment of a pellet factory in Sixth of October City. Sources said the bank plans to contribute from EGP 50 million to EGP 100 million to the loan. Misr Iran Development Bank will contribute EGP 100 million and NBE will contribute from EGP 200 million to EGP 250 million to the loan, sources added. Sources revealed that the Egyptian Gulf Bank (EGB), Bank Audi Egypt and Al Baraka Bank of Egypt consider joining the consortium funding El Marakby. The total investment cost of the pellet factory is valued at EGP 800 million. Pellets are used in steel industries. The productive capacity of the factory is expected to reach 350,000 tons annually and they will be used in El Marakby factories. More»
Moustafa Adel - 2013-03-11 14:02:39
The Egyptian Ministry of Finance sold 3- and 10-year treasury bonds worth EGP 1 billion on Monday. The Ministry raised EGP 500 million from 3-year T-bonds and EGP 500 million from the 10-year T-bonds it offered today. The yields on 3-year T-bonds ranged from 14.10% to 14.370%, while the average rate registered 14.339%. The yields on 10-year T-bonds ranged from 16.30% to 16.330%, while the average rate registered 16.309%. The Ministry targets to offer treasury bills and bonds worth EGP 51.5 billion in March, while it sold EGP 98.5 billion worth of treasury bills and bonds in January and February. The Ministry sells government debt instruments so as to finance the widening budget deficit, although these instruments impose great burdens on the country as their return exceeds 16% at times. The economic indicators show that the country will be in need to sell more treasury bills and bonds in the upcoming period so as to finance the burgeoning budget deficit which reached EGP 119.8 billion in seven months since the start of the current fiscal year, registering 6.7% of the country’s gross domestic product (GDP). The budget deficit is expected to reach EGP 180 billion by the end of the current fiscal year. More»
Amwal Al Ghad English - 2013-03-11 11:13:59
The judicial committee constituted by the Public Funds Prosecution has started the required procedures to collect the financial sanctions imposed by courts against former regime figures including Ahmed Ezz and Rachid Mohamed Rachid. The committee asked the Central Bank of Egypt (CBE) about the secret bank accounts of those convicted. It also addressed the Public Funds Investigation Department about the real estate properties of them to be frozen if liquid funds are not sufficient. More»