amwalalghad :: Financial Institutions

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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        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        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

Islam Abdelhameed - 2014-09-03 13:38:39
Royal Insurance Company decided to launch new mutual fund for underwrite with EGP50 million initial capital by next October, it is schedule to assign it to Alpha Capital to manage the investment funds, said Managing Director Hassan Darwish. Speaking to Amwal Al Ghad, Darwish told that Royal finalized all the measures of launching the fund as the company obtained the approval of General Assembly to launch the fund along with the approval of Egyptian Financial Supervisory Authority (EFSA). The mutual fund of cash liquidity aims providing savings pot to ease the daily cash liquidity, Darwish added. Royal is planning increasing its capital within the upcoming phase to become EGP80 million as a prelude to support and increase to EGP100 million. Furthermore, Darwish pointed out that Royal is still negotiating with two banks to conclude cooperation agreements, noting that the sign of protocol will take place by the next few months that will boost the company's achieved premiums. More»
Mohamed Hamdy - 2014-09-03 13:03:03
Egypt’s Social Fund for Development (SFD) announced Wednesday it will finance contractors participating in building up the Second Suez Canal project. This comes after a delegation from SFD headed by Secretary General Hanaa El Hilaly had met with Mohab Mamish - Chairman of Suez Canal Authority and head of the executive council of the Suez Canal Corridor Project. In a statement on Wednesday, SFD asserted that its aims to make its contribution through offering loans to the small contractors participating in Suez Canal Development Corridor Project. SFD has already started lending procedures to five contractors. Egypt is planning to build a new Suez canal alongside the existing 145-year-old waterway in a multi-billion pound bid to boost its economy. The 45-mile corridor will expand what is the fastest shipping route between Europe and Asia and is part of several 'mega projects' designed to breathe new life into the nation. More»
Islam Abdelhameed - 2014-09-03 10:52:11
Misr Life Insurance Company is planning promoting its products through Housing and Development Bank (HDB) in accordance with banking insurance's regulations, Hisham Ramadan vice chairman said. In statements to Amwal Al Ghad, Ramadan added that his company obtained the approvals of Egyptian Financial Supervisory Authority (EFSA) via HDB. Misr Life Insurance is seeking increasing its banking network through negotiating with Egyptian Gulf Bank (EGB) and Société Arabe Internationale de Banque (SAIB) to conclude cooperation agreements so as to allow promoting its various insurance products, Ramadan explained. Around the new geographical expansions, Ramadan added that his company will inaugurate two branches in Tenth of Ramadan and Obour city, noting that it is currently restructuring the company's branches across republic, he revealed. More»
Islam Abdelhameed - 2014-09-02 12:39:41
Egyptian Investment Minister Ashraf Soliman said the insurance sector represents around 1% gross domestic product (GDP) expecting to increase to 5% within the upcoming 3 years, asserting that this service activity is the backbone of economic growth during the current phase. He added on the sidelines of GAIF Conference today that there are several axes contributed in the GDP of insurance sector in the coming years, most notably the current national projects that will launch in the local market. The digging of a new canal and Suez Canal Axis Development projects are the most prominent projects that aim to activate the insurance sector, stressing that digging of a new canal draft worth EGP60 billion distributing between EGP30 billion for drilling canal and the remaining value will be worked to dig 6 tunnels in Port Said and Ismailia, Minister noted. The two projects will achieve development for the companies operating in the Egyptian market as it will provide insurance policies for personal insurance companies and collecting money. More»
Amwal Al Ghad English - 2014-09-01 10:12:10
The 30th GAIF Conference and Golden Jubilee of the General Arab Insurance Federation” in Sharm El Sheikh City kicks off today to take place 1-4 September . Marking its Golden Jubilee, this GAIF 2014 conference is expected to attract a wide range of insurance professionals across MENA and beyond. More»
Amwal Al Ghad English - 2014-09-01 07:44:39
Egypt revised up its annual consumer price inflation rate to 11.04 percent for July from an earlier figure of 10.61 percent, the statistics agency said on Monday, after the government cut subsidies on fuel. It revised up monthly inflation to 3.51 percent from the figure of 3.11 percent published previously. Egypt's annual core consumer price inflation rate, which strips out subsidised goods and volatile items such fruit and vegetables, was also adjusted higher to 9.57 percent from 9.35 percent, the Central Agency for Public Mobilization and Statistics (CAPMAS) said. CAPMAS did not give a reason for the revision. Egypt's economy has been in turmoil since a popular uprising ousted autocrat Hosni Mubarak in 2011, deterring tourists and foreign investors and straining the country's finances. More»
Sayed Badr - 2014-08-31 14:15:58
Amwal Al Ghad has known that Mohammed Farid Khamis The head of Egyptian Union for Investors Associations and the CEO of Egypt’s leading carpet manufacturer Oriental Weavers Group (ORWE.CA) and a number of other businessmen are considering holding conference in UAE in order to promote investments in Egypt. Egypt has suffered during the last years from Decline in Foreign Direct Investment (FDI) due to the political and security turmoil but the government is currently seeking to overcome all of these through promoting the local and foreign investment opportunities. The main purpose of holding the conference in UAE is to promote the development projects in Egypt and to review them on the Gulf investors. Businessmen are working to coordinate appointment with the Egyptian government to hold the conference within the upcoming phase. FDI's net profits reached US$1.84 billion at the end of the third quarter of 2013/2014 according to the latest government. More»
Mohamed Hamdy - 2014-08-30 12:09:26
Social Fund for Development (SFD) will hold meeting with Housing Ministry in the next week in order to contribute in 100.000 Housing Units project which the ministry is planning to implement. Secretary General of SFD Hanaa El Hilaly told Amwal Al Ghad that the fund will review financing   Small contractor who participates in the implementation of the project. The fund will discuss contributing in providing Furniture for the housing units through the galleries of the owners of small projects which will be installed according to the agreement between the owners of housing units and the owners of small projects. SFD requested to contribute in Suez Canal Axis Development project through financing Small contractor who takes part in digging processes besides providing services for workers in addition to cooperating to finance the industrial complexes which will hold in the region as well as financing Fisheries projects. Meanwhile, SFD has recently signed contract with Japanese government and United Nations Development Programme (UNDP) so as to get EGP25.5 million finance for financing Labor intensive projects  in Giza ,new valley, Beheira and Aswan. More»
Mohamed Hamdy - 2014-08-28 13:52:55
Japan and UNDP are providing financing worth EGP 25.5 million for labour-intensive infrastructure projects in Egypt. Egypt's Social Fund for Development (SFD) has signed Thursday four contracts for labour-intensive infrastructure projects in a number of contracts, said Minister of Industry and Trade and the fund's Supervisor Mounir Fakhry Abdel Nour. Upon the contracts, the Japanese government and the United Nations Development Programme (UNDP) will provide EGP 25.5 million finances for labour-intensive infrastructure projects in Aswan, Beheira, Giza and New Valley. The signing ceremony was attended by Acting Secretary-General Hanaa El Hilaly, governors of Aswan, Beheira, Giza and New Valley, along with the Minister Extraordinary and Plenipotentiary of the Japanese embassy in Cairo and  Anita Nirody, the UNDP Resident Representative of Egypt. More»
Mohamed Hamdy - 2014-08-28 11:31:45
Egypt currently seeks a new Italian financing worth €45 million for the SMEs. According to Egypt's Minister of Industry and Trade Mounir Fakhry Abdel Nour, Egyptian authorities are currently in talks with the Italian government, seeking to obtain a new financing worth €45 million designated for the small and medium-sized enterprises. The SME sector is critical to the Egyptian economic growth, he noted. The minister made the announcement during his keynote speech in the light of signing four agreements between Egypt's Social Fund for Development (SFD) and governorates of Giza, Beheira, Aswan, and New Valley. The agreements are designated to finance labour-intensive projects in the four governorates provided by the Japanese government and the UNDP. More»