amwalalghad :: Financial Institutions

Your English Portal To Arab Economy

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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Canal Shipping Agencies   7.39        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        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 - Financial Institutions

Marwa Hemdan - 2014-03-17 11:54:34
Egypt’s Social Fund for Development (SFD) is set to start talks soon with a number of local banks over financing SMEs projects, the acting Secretary General Hanaa El Hilaly said on Sunday. The fund is planning to sign new funding agreements in favour of the SMEs in Egypt. El Hilaly further stated that the number of banks SFD to start financing talks with include ALEXBANK - Intesa Sanpaolo, Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) and the Principal Bank for Development and Agriculture Credit (PBDAC). More»
Amwal Al Ghad English - 2014-03-17 10:12:07
In the Arab world, the medical insurance’s contribution to the GDP is still ‘modest’, and does not reflect the economic growth recently witnessed some countries in this region, said an insurance official on Sunday. On the sidelines of the 3rd regional forum on Health Insurance & Healthcare in Cairo, Abdel Raouf Kotb – Chairman of the Insurance Federation of Egypt (IFE) – stated that the insurance premiums in 9 Arab states stood at around $6 billion during 2012, where Saudi Arabia captured 50%, and the UAE seized 23%, whereas Egypt got 27%. More»
Amwal Al Ghad English - 2014-03-16 11:02:04
The Secretary General of the General Arab Insurance Federation (GAIF), Mr. Abdul Khaliq Raouf Khalil said the Arab markets faced 4 fundamental challenges in the  medical insurance sector within the last phase due to the political and economic unrest situation w experienced by Egypt over the last three years. Khalil explained on the sidelines of the third Regional Forum on Health Insurance & Healthcare that these challenges include the price competition between the insurance companies and the Arab markets, along with inching the unjustified prices of the various medical products. He asserted that the Arab markets faced several obstacles, besides facing the continues requirements for the compensations, noting that the only way for facing the challenges is the cooperation between all of the insurance and Health Care companies, clients, providers of medical services, insurance brokers and reinsurance companies “Towards providing better service”. More»
Amwal Al Ghad English - 2014-03-16 09:38:11
Egypt is hosting today the Third Regional Forum on Health Insurance & Healthcare under the auspices of the country’s Ministries of Investment and Health. The Insurance Federation of Egypt (IFE) and the Egyptian Association for the Health Care Management in collaboration with the General Arab Insurance Federation (GAIF) will be presenting the 3rd Regional Forum on Health Insurance & Healthcare in Cairo on the 16th and 17th March, 2014. The event is under the theme “Health Insurance in the Arab World (problems and solutions)”. The IFE said in a statement last Tuesday, the forum will be tackling obstacles haunted by the medical insurance sector in Egypt besides reviewing its reinsurance agreements. The event is also set to study upgrading the laws governing both the healthcare and medical insurance. More»
Al-Zahraa Moustafa - 2014-03-13 11:56:38
Refky Lotfy Rashed, Managing Director of Cooperative Insurance Society (CIS) said the Society is targeting to attain EGP60 million premiums by the end of the current fiscal year of 2013/2014. Refky explained that the volume of achieved premiums in CIS reached EGP30 million within the first half of the current fiscal year, stressing that the total compensations under settlements up EGP70.8 million during the fiscal year of 2013/2014 in compared to EGP44.4 million in the previous year. He illustrated that the total value of paid up compensations reached around EGP130 million in the last 3 years, noting that CIS meets their obligations towards the affected clients and that contributed in restoring the confidence for the society again. Moreover, Refky asserted that the current board of directors will seek within the upcoming phase to boosting the versions in all branches and this in coordination with Egyptian General Supervisory Authority (EGSA), targeting reconstructing CIS and to activate it fully. More»
Islam Abd ElHameed, Al-Zahraa Moustafa - 2014-03-12 13:05:44
Mr. Mohamed Abdullah, Deputy Chairman and Managing Director of Suez Canal Insurance Company said his company set strategy for the upcoming five years, targeting boosting the premiums’ volume to EGP1 billion. Abdullah told that Suez Canal is planning within the next period to develop its marketing mechanism and productive device through following new marketing tunnels along with offering creative products in the Egyptian market. He added that his company is currently considering marketing its various products via the banks’ branches through banking insurance, as the company started negotiating with two banks to conclude Cooperation agreement in the coming phase. Furthermore, he said his company is planning to offer insurance coverage for the tourism buses against terrorism risks, so that the first document becomes in the Egyptian market, noting that the company is still negotiating with the reinsurers on these coverage. More»
Islam Abd ElHameed - 2014-03-11 15:04:29
Gras Savoye Egypt – Insurance Broker has written premiums totalling EGP 252 million across its three branches i.e. Egypt, Sudan and Jordan during 2013, an official from the insurance firm said today. Speaking to Amwal Al Ghad on Tuesday, Hamed Mabrouk - Managing Director of Gras Savoye Egypt – further stated that the Egyptian market attained EGP 235 million of the company’s total written premiums by the end of December 2013. Gras Savoye Egypt targets premium growth by 50% within 2014 to hit EGP 352.5 million by the year-end. Meanwhile, the insurer’s branch in the Sudan got EGP 14 million of the total premiums written in 2013, targeting an increase to EGP 21 million by 2014-end, he added. Moreover, Mabrouk referred that the Jordanian branch obtained EGP 3 million out of the company’s total written premiums in 2013. Gras Savoye Egypt is planning to launch its new branch in Libya within the upcoming few months. More»
Amwal Al Ghad English - 2014-03-11 15:04:38
Egypt is set to host next Sunday the Third Regional Forum on Health Insurance & Healthcare under the auspices of the country’s Ministries of Investment and Health. The Insurance Federation of Egypt (IFE) and the Egyptian Association for the Health Care Management in collaboration with the General Arab Insurance Federation (GAIF) will be presenting the 3rd Regional Forum on Health Insurance & Healthcare in Cairo on the 16th and 17th March, 2014. The event is under the theme “Health Insurance in the Arab World (problems and solutions)”. The IFE said in a statement on Tuesday, the forum will be tackling obstacles haunted by the medical insurance sector in Egypt besides reviewing its reinsurance agreements. The event is also set to study upgrading the laws governing the healthcare and medical insurance sector. More»
Al-Zahraa Moustafa - 2014-03-10 09:39:00
The Egyptian Association for Co-operative Insurance has held its  general assembly today in the presence of a majority of the members of the Board of Directors , headed by Hamdy Azzam, Chairman of the board of Directors of IDWBE. The Association ratified the Board of Directors’ report regarding the association’s activity  for the fiscal year of 2013/2014 and agreed on a budget and an investment account the rights of members ,income and expenditure and the auditor's report . It also ratified the Assembly to identify EGP500 transportation allowance of the members and the continued the attendance allowance sessions with EGP1000, and the association decided to waive any bonuses given to it due to the conditions experienced by the association at present. Mohamed Shafie member of the Board of Directors suggested taking bonus and donation amount and determine EGP50.000 fees , in addition to the recommendation to study the provision of life- insurance policy and document pension for all workers and the contribution of a maximum of EGP250. 000 of the Board of Directors . More»
Amwal Al Ghad English - 2014-03-09 14:18:58
Misr General and Property Insurances, Arab Misr Insurance Group- GIG are competing to seize insurance policy of Egyptian Natural Gas "GASCO"’s assets. Adel Hegazy, General Manager of Accident and Petroleum Insurance Sector at GIG said the total insurance amounts of policy up EGP18 billion, noting that the document’s period is for one year that will start by next April. Hegazy explained that the document includes the coverage of fire and burglary risks across governorates including natural gas network, stores and lines and gas pipeline subsidiary to GASCO Company. Furthermore, Hegazy noted that his company captured this document in the last year and its period may end up in this month, stressing that GASCO called several insurance companies which operating in the Egyptian market to provide the prices offers of the document but the competition has been limited technically between Misr Insurance, Insurance and GIG. More»