amwalalghad :: Increasing Egypt's IMF loan is Positive: Analyst

Your English Portal To Arab Economy

Middle Egypt Flour Mills   7.13        Alexandria Spinning & Weaving    1.04        Palm Hills Development Company   2.29        Egyptian Real Estate Group   11.54        Pioneers Holding   3.98        Modern Company For Water Proof   1.64        Sinai Cement   18.91        Commercial International Bank    34.59        Orascom Telecom Holding (OT)   4.62        National Real Estate Bank for    17.55        Prime Holding   1.29        Egyptian International Pharmac   42.62        T M G Holding   4.16        Egyptian Kuwaiti Holding   0.99        Ezz Steel   9.83        Medinet Nasr Housing   24.54        Ismailia National Food Industr   8.35        Egyptian Financial Group-Herme   9.19        Ceramic & Porcelain   3.94        Egyptian Electrical Cables   0.67        Egyptian Iron & Steel   10.42        Egyptian Arabian (cmar) Securi   0.47        Citadel Capital - Common Share   3.31        Gulf Canadian Real Estate Inve   27.54        Egyptians Abroad for Investmen   4.25        Acrow Misr   21.6        Canal Shipping Agencies   12.16        Arab Cotton Ginning   3.54        Egyptian for Tourism Resorts   0.92        Sharkia National Food   5.06        General Company For Land Recla   27.45        Egyptian Media Production City   3.09        Maridive & oil services   1.02        El Shams Housing & Urbanizatio   3.29        Six of October Development & I   20.38        Raya Holding For Technology An   5.31        Orascom Development Holding (A   3.87        National Development Bank   8.16        El Ahli Investment and Develop   7.25        Delta Insurance   5.96        Cairo Oils & Soap   16.41        Remco for Touristic Villages C   2.18        Credit Agricole Egypt   11.05        Sidi Kerir Petrochemicals   13.1        Upper Egypt Flour Mills   50.4        Misr Beni Suef Cement   45.99        Rakta Paper Manufacturing   6.96        Upper Egypt Contracting   1.05        Asek Company for Mining - Asco   9.51        Egyptian Chemical Industries (   10.43        Cairo Pharmaceuticals   20.03        El Kahera Housing   6.13        Cairo Poultry   10.05        ELSWEDY CABLES   20        ARAB POLVARA SPINNING & WEAVIN   2.93        Misr Duty Free Shops   3.44        Extracted Oils   0.79        Ismailia Misr Poultry   3.87        Giza General Contracting   17.45        Telecom Egypt   13.53        Alexandria Mineral Oils Compan   67.67        Egypt for Poultry   2.05        Nozha International Hospital   31.71        Egyptian Financial & Industria   9.22        Oriental Weavers   22        United Arab Shipping   0.63        Kafr El Zayat Pesticides   26.97        GMC GROUP FOR INDUSTRIAL COMME   2.01        International Agricultural Pro   2.86        El Nasr For Manufacturing Agri   13.82        El Ezz Porcelain (Gemma)   2.84        Grand Capital   5.94        El Nasr Transformers (El Maco)   7.41        South Valley Cement   4.07        United Housing & Development   9.16        Egyptians Housing Development    2.88        Arab Gathering Investment   24.82        National company for maize pro   15.01        Arab Aluminum   28.01        Delta Construction & Rebuildin   5.72        El Arabia for Investment & Dev   0.45        Egyptian Transport (EGYTRANS)   10.26        Heliopolis Housing   22.17        Housing & Development Bank   14.64        Minapharm Pharmaceuticals   27.9        Misr Hotels   30        Orascom Construction Industrie   234.43        Northern Upper Egypt Developme   7.67        Sharm Dreams Co. for Tourism I   6.8        Union National Bank - Egypt "    4.65        Arab Real Estate Investment (A   0.46        Eastern Tobacco   100        Faisal Islamic Bank of Egypt -   41.79        Egyptian Real Estate Group Bea   24.36        GB AUTO   27.48        Egyptian Company for Mobile Se   125.94        Samad Misr -EGYFERT   5.25        Gharbia Islamic Housing Develo   13.28        Egyptian for Developing Buildi   10.23        Paper Middle East (Simo)   7.26        Export Development Bank of Egy   6.03        Naeem Holding   0.22        Delta Sugar   12.06        Misr Chemical Industries   6.59        Egyptian Starch & Glucose   8.77        EL Ezz Aldekhela Steel - Alexa   468.07        Mansourah Poultry   15.81        Arab Valves Company   1.47        National Societe Generale Bank   27.8        Universal For Paper and Packag   6.87        Alexandria Cement   11.86        TransOceans Tours   0.11        Faisal Islamic Bank of Egypt -   7.01        Zahraa Maadi Investment & Deve   51.91        Lecico Egypt   7.93        Egypt Aluminum   15.9        Cairo Development and Investme   15.85        Suez Canal Bank   4.65        Alexandria Flour Mills   15.78        General Silos & Storage   15.08        Rowad Tourism (Al Rowad)   7.4        Mena Touristic & Real Estate I   1.69        National Cement   11.87        Pyramisa Hotels   16.75        Middle & West Delta Flour Mill   32.46        The Egyptian Company For Mobil   103.14        Al Arafa Investment And Consul   0.19        Assiut Islamic Trading   5.65        El Arabia for Land Reclamation   18.84        El Nasr Clothes & Textiles (Ka   0.64        Engineering Industries (ICON)   4.75        Natural Gas & Mining Project (   72.5        North Cairo Mills   16.43        Misr Cement (Qena)   67.94        Arab Ceramics (Aracemco)   24        Arab Pharmaceuticals   14.14        Abou Kir Fertilizers   135.58        International Co For Investmen   24.55        Egyptian Saudi Finance Bank   13.43        El Kahera El Watania Investmen   6.71        El Watany Bank of Egypt   16.84        Glaxo Smith Kline   9.46        Torah Cement   26.66        Paint & Chemicals Industries (   41        Egyptian Gulf Bank   1.38        East Delta Flour Mills   33.22        UTOPIA   7.09        Al Moasher for Programming and   1.05        Naeem portfolio and fund Manag   2.26        Barbary Investment Group ( BIG   1.08        Tourism Urbanization   7.3        Cairo Investment & Real Estate   13.86        South Cairo & Giza Mills & Bak   25        Development & Engineering Cons   9.57        Alexandria Containers and good   91.5        El Arabia Engineering Industri   15.62        

Increasing Egypt's IMF loan is Positive: Analyst


Published Saturday, 18 August 2012 12:51 | Written by Amwal Al Ghad

PDF
Print
E-mail
Commenting on reports that Egypt may seek to increase IMF loan to $ 4.8 billion, Hany Genena, CFA, Head of Research, Pharos Securities Brokerage, said this news will be extremely positive if approved.

The Minister of Finance announced that Egypt may seek to increase the International Monetary Fund (IMF) loan size to $ 4.8 billion versus the originally announced $ 3.2 billion. IMF chief Christine Lagarde will visit the country on August 22nd to discuss the loan.
Related news
Genena indicated that this new size of the loan is 3x the size of Egypt's quota at the IMF. IMF members are allowed to borrow up to 200.0% of their quota in stand by arrangements but this limit may be extended on a case by case basis subject to enhanced scrutiny. He added that Lagarde attendance signifies that talks are shifting from a technical to a strategic level.