amwalalghad :: Financial Institutions

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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        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        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 - Financial Institutions

Amwal Al Ghad English - 2015-11-29 11:54:01
Yields on Egypt's three- and nine-month treasury bills are almost unchanged during Sunday's auction, data from the Finance Ministry showed. More»
Al Zahraa Mostafa - 2015-11-28 18:10:56
Egypt's leading composite insurer, Suez Canal Insurance has obtained a regulatory approval to establish its cash mutual fund, general manager Ahmed Shehab said Saturday. The Egyptian Financial Supervisory Authority (EFSA) has approved Suez Canal Insurance’s request to establish its mutual fund with capital worth 50 million Egyptian pounds (US$6.4 million). Suez Canal Insurance will begin soon finalising all the procedures required for the new fund, Amwal Al Ghad quoted Shehab as saying. The fund will be managed by Alpha Capital, an Egyptian investment bank established in 2009, he added. Moreover, Shehab said Suez Canal’s fund is set to invest in governmental debt instruments such as treasury bills, in addition to deposits and other investment channels. More»
Ahmed Fayez - 2015-11-25 17:14:04
Egyptian Cabinet has endorsed a presidential decree to approve the French Development Agency (AFD)’s €15 million to develop urban slum areas. AFD and the Egyptian government signed on October 10th, 2015, the €15 million grant to support the state’s two programmes to upgrade the slum areas and employment. Neighbourhood Investment Facility - European Commission The grant is provided by the European Commission’s Neighbourhood Investment Facility (NIF), and is run by the French agency, to be disbursed to the Egyptian Social Fund for Development (SFD). Egypt’s SFD is in charge of carrying out the slum development and employment support programme. More»
Ahmed Ali - 2015-11-25 13:22:03
The Saudi Fund for Development (SFD) has approved to allocate US$100 million to finance a project to upgrade the West Cairo power plant, Ahmed Qattan, Saudi Arabia's ambassador to Egypt, said Wednesday. The project to upgrade the Egyptian power plant aims to generate additional 650 megawatts. Qattan said the loan is dedicated to support Egypt’s development efforts, stressing that Saudi Arabia would continue backing Egypt in all fields. He added that the fund took part in funding a power plant in Damietta last year with total amount of 375 million Saudi riyals (US$99.8 million).The Saudi Fund for Development (SFD) is a Saudi government agency that channels bilateral aid to developing countries, predominantly through grants and soft loans. Established by royal decree in 1974, the fund began operations in 1975. Loans often support infrastructure development, such as road and dam construction, construction or rehabilitation of hospitals and health clinics, and the expansion of water and sanitation services; they also support work in education, housing and urban development, the energy sector, and education. More»
Al Zahraa Mostafa - 2015-11-24 16:45:29
Egyptian Takaful Property Insurance is to commit a maximum of 35 million Egyptian pounds (US$4.5 million) to Misr Reinsurance Company (Misr Re)’s equity capital, its managing director said Tuesday. Ahmed Arfeen said Egyptian Takaful’s planned commitment will represent around 2 percent of Misr Re’s capital. The reinsurance firm aims to raise US$200 million in paid-up capital. According to the feasibility studies conducted by PricewaterhouseCoopers (PwC), the Egyptian insurance market is in need to have a national reinsurance company, Arfeen told Amwal Al Ghad. More»
Amwal Al Ghad English - 2015-11-24 10:06:16
The International Finance Corporation (IFC), a member of the World Bank Group, has invested US$1.2 billion in 18 projects in Egypt from 2011 to 2015. This was part of IFC efforts to secure jobs and help achieve sustainable development in Egypt, according to a Monday statement by the corporation. The IFC bankrolled projects in the financial, infrastructure, petroleum and gas sectors, said IFC director in Egypt Nada Shousha. She also mentioned agricultural, industrial and health care projects. Those projects were established in partnership with other parties, Shousha noted. IFC is the largest global development institution focused exclusively on the private sector in developing countries. It offers investment, advisory, and asset management services to encourage private sector development in developing countries. More»
Islam Salah, Islam Abdelhameed, Al Zahraa Mostafa - 2015-11-23 11:23:48
The total assets of private insurance funds rose by 10 percent to hit 48.2 billion Egyptian pounds (US$6.1 billion) during fiscal year 2014-15 versus 43.8 billion pounds a year earlier. Sherif Samy - chairman of the Egyptian Financial Supervisory Authority (EFSA)- said Monday that the total number of insurance funds registered at EFSA reached 625 with 4.608 million members in fiscal year 2014-15. He made these remarks during the Training Seminar for Private Insurance Funds which is organised by EFSA. EFSA has granted licences for around 18 new investment fund to work in private insurance funds field, the chairman clarified. Samy stated that the activity of private insurance funds is witnessing great development since the volume of private insurance funds in the Egyptian market reached 44 billion pounds EFSA's chairman noted that the authority has finished the latest amendments to the Executive Regulations and the rules issued at the middle of 2015 New updates were occurred in funds’ governance  and new requirements related to investment’s management were added, besides signing contacts with portfolio management companies . Also, the new amendments allow signing contracts with Management Services Companies to manage members’ registry and fees registry and other information to be given to the members besides distributing bulletins and calling for   general assembly’s meetings. According to Shahinaz Rashad -executive director of Financial Services Institute (FSI)-, the training seminar include numbers of sessions to introduce the rules that the funds must abide by to adjust its positions. The seminar also  includes an explanation of all the regulations issued by EFSA . It will open discussions among funds’ managers ,  EFSA’s experts and other leaders of Portfolio Management Companies and Management Services’ Companies. More»
Al Zahraa Mostafa - 2015-11-23 11:21:28
The volume Egypt's Misr Life Insurance Company direct premiums has increased by 3 percent during the first quarter of fiscal year 2015-16, the company announced. In a statement released Monday, the company stated that it has attained direct premiums estimated at 744.1 million Egyptian pounds (US$95 million) opposed to 723 million pounds. More»
Sayed Badr - 2015-11-21 14:26:43
Egyptian government is to provide more than US$1.7 billion for micro, small, and medium-sized enterprises (MSMEs) through funding agreements signed by the Ministry of International Cooperation. Minister of International Cooperation, Sahar Nasr said those finances would be lent to the young entrepreneurs. The distribution of the finances would be based on gender, to ensure a fair share for women. More»
Al Zahraa Mostafa - 2015-11-21 14:17:41
Insurer Tokio Marine Egypt Family Takaful is to pump 46 million Egyptian pounds (US$5.8 million), said its Managing Director Masaya Inagaki. Inagaki said the planned investments are tailored to boost Tokio Marine Egypt Family Takaful’s paid-up capital to 159 million pounds, from 113 million, as the company has been keeping a strategic diague with Japan Head Office and they agreed that the capital injection of EGP 46 million would be executed. The fresh capital will be strategically utilized in order to strength the company’s foundation. Inagaki said Tokio marine Egypt Family Takaful created a new organizational structure to realize further growth with healthy profit, effective from 1st of November 2015. Mr. Inagaki says that the company will continue growing as Tokio Marine here in Egypt. In a statement released Saturday, Inagaki said the Company is willing to focus more on the corporate business as it showed positive indicators in 2015. As of end of June, we increased the corporate business by 25 percent compared to the last financial year. Masaya Inagaki has an aspiration to increase business volume of corporate business to more than double. Also he added that the company will explore the new distribution channel such as banks proactively to expand our business opportunity. Additionally Inagaki said a positive feature of Japanese company should be a sophisticated quality. "We value the trust from the customer, we will aim to be a good company selected by the trustful quality. Of course we also will continue the necessary effort to respond the customer’s expectation." More»