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19 August 01:43 AM
Each factory will be financed by EGP 3-4 million
IDB to pump EGP 216m funding to 54 plants in Port Said

By: Islam Fadl Cairo – Mubasher: Industrial Development Bank (IDB) aims to inject funding worth EGP 216 million to 54 factories in the free zone of Port Said before the end of 2019, the lender’s deputy chairman Hamdy Azzam said. Each factory will …
Egy Lease aims to sell its entire stake of 10.4% in MUP
Industrial Development & Workers Bank seeks to acquire Egy Lease’s stake in MUP
The lender’s operating profits reached EGP 222 million in H1-19
Industrial Development Bank offers EGP 1bn funding to 167 plants
Market capitalisation gained EGP 5.2 billion
EGX hovers near 14,400 pts at Sunday’s close
Revenues slid by 2.64% to EGP 31.92 million in H1-19
El Obour Real Estate’s profit down 77% in H1-19
Telecom Egypt logged a profit of EGP 2.133 billion in H1-19
Pharos Research sets Telecom Egypt’s FV at EGP 16.22/shr
Egypt Arab Global Commodities
EGX30
14,399.70 0.73% 104.57
Volume 187,530,037 Turnover 509,714,864 No. of Trades: 19,664
37 Down 40 Flat 93 Up
No. of Traded Stocks : 170
Last Update: 18 August 02:29 PM
Latest News
Each factory will be financed by EGP 3-4 million
IDB to pump EGP 216m funding to 54 plants in Port Said Banking and Finance
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The lender’s operating profits reached EGP 222 million in H1-19
Industrial Development Bank offers EGP 1bn funding to 167 plants Banking and Finance
`
Market capitalisation gained EGP 5.2 billion
EGX hovers near 14,400 pts at Sunday’s close Trading Activities
`
Revenues slid by 2.64% to EGP 31.92 million in H1-19
El Obour Real Estate’s profit down 77% in H1-19 Real estate
`
Telecom Egypt logged a profit of EGP 2.133 billion in H1-19
Pharos Research sets Telecom Egypt’s FV at EGP 16.22/shr Ratings
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Falling inflation has bolstered expectations of an interest rate cut
CBE likely to cut interest rate by 2-3% by end 2019 Central Banks
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Saudi Arabia topped Arab holders of US Treasuries
Egypt’s holdings of US Treasuries rise to $2.15bn in June Macroeconomics
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Egyptian higher education minister Khalid Abdel Ghaffar
Egypt builds EGP 48.5bn private universities Macroeconomics
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Egy Lease aims to sell its entire stake of 10.4% in MUP
Industrial Development & Workers Bank seeks to acquire Egy Lease’s stake in MUP Mergers and Acquisitions
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The mega project will reduce the shortage in sugar production in Egypt by 75%
UAE’s Harris Pye inks boiler supply deal with Canal Sugar Companies Investments
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More
Mubasher Exclusive
Each factory will be financed by EGP 3-4 million
IDB to pump EGP 216m funding to 54 plants in Port Said Banking and Finance
Egy Lease aims to sell its entire stake of 10.4% in MUP
Industrial Development & Workers Bank seeks to acquire Egy Lease’s stake in MUP Mergers and Acquisitions
The state-run aims to raise its microfinance portfolio to EGP 7 billion
Banque Du Caire to pump EGP 1.2bn microfinance in H2 Banking and Finance
Buy orders have been placed on 1.06 billion of Fawry’s shares
Fawry’s retail offering oversubscribed by 30 times – Sources Initial Public Offerings
Egypt started its IMF-supported economic reform programme in November 2016
Egypt receives $2bn final loan tranche from IMF – Source Banking and Finance
ARAD's chairman Sultan bin Ahmed Al Qasimi
UAE’s ARAD to expand footprint in Saudi Arabia, Egypt - Interview Companies Investments
Trading on Fawry’s shares is expected to began on 8 August
Fawry receives buy orders for 250.6m shares Initial Public Offerings
The lender’s USD proceeds have registered $300 million since early 2019
Egyptian Arab Land Bank nets $500m proceeds in 21M Banking and Finance
Rasmala will be rebranded to Azimut Egypt Asset Management
Italy’s Azimut Group to complete Rasmala acquisition deal in 10 days Corporate Actions
The financial technology firm plans to increase its capital by 10-15%
Pharos, Renaissance Capital selected to manage e-finance’s IPO Initial Public Offerings
Advisor for Sanad Fund and Green for Growth Fund (GGF) - Mohamed Morsy
German Fund mulls pumping $40m loans in Egypt Mutual Funds
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Islamic Finance
The issuance will be listed as of Monday, 19 August
ADX to list ESIC Sukuk’s $600m issuance Sukuk and Islamic Finance
The Sukuk is expected to reflect profitably on Shuaa’s Q3 financials
Shuaa Capital finalises placing Sukuk for LSE-listed First Group Sukuk and Islamic Finance
The sukuk issuance has a tenor of five years at a profit rate of 3.939% per annum
Kuwait’s Warba Bank among ESIC’s $600m sukuk issue arrangers Corporate Actions
Sheikh Mansour Bin Zayed Al Nahyan
Sheikh Mansour’s ESIC debuts $600m sukuk Corporate Actions
The sukuk reimbursement will positively impact the company’s profitability
Emaar’s Q3 profits to rise on $500m sukuk repayment Real estate
The kingdom sold SAR 5.2 billion in sukuk in its local monthly issue for July
Saudi Arabia sells SAR5.2bn in sukuk monthly issuance Macroeconomics
The sukuk repayment due date was 18 July 2019
Emaar’s unit repays AED 1.8bn sukuk Corporate Actions
Sukuk listings on Nasdaq Dubai reached $62.35 billion
Nasdaq Dubai celebrates $1bn suluk listing by DP World Sukuk and Islamic Finance
The bank should also complete remaining requirements
Kuwait C.bank approves Warba Bank’s $500m sukuk issue Sukuk and Islamic Finance
The company's net profits amounted to EGP 127.87 million in Q1-19
Egypt’s FRA approves Sarwa Capital’s sukuk securitisation business Sukuk and Islamic Finance
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Arab Markets
Each factory will be financed by EGP 3-4 million
IDB to pump EGP 216m funding to 54 plants in Port Said Banking and Finance
The lender’s operating profits reached EGP 222 million in H1-19
Industrial Development Bank offers EGP 1bn funding to 167 plants Banking and Finance
TASI went down by 0.27% by the end of Sunday
Saudi indices end Sunday on mixed note Stock Evaluations
KMEFIC achieved a year-on-year growth of 54% in Q2-19 profits
KMEFIC repays KWD 2.5m of loan for parent company Banking and Finance
Market capitalisation gained EGP 5.2 billion
EGX hovers near 14,400 pts at Sunday’s close Trading Activities
Revenues slid by 2.64% to EGP 31.92 million in H1-19
El Obour Real Estate’s profit down 77% in H1-19 Real estate
Telecom Egypt logged a profit of EGP 2.133 billion in H1-19
Pharos Research sets Telecom Egypt’s FV at EGP 16.22/shr Stock Evaluations
The project will be built at a total cost of nearly AED 183 million
UAE’s Musanada, Al Ain City Municipality develop AED 183m roundabouts Macroeconomics
The decisions will be implemented as of 18 August 2019
Kuwait C.bank nods to raising NBK’s stake in Boubyan Bank Central Banks
Falling inflation has bolstered expectations of an interest rate cut
CBE likely to cut interest rate by 2-3% by end 2019 Central Banks
More
International Markets
HSBC, UBS upgrade Malaysian stocks on US-China trade war
AccorHotels EBITDA seen at EUR 712m in FY18
Gold stays near 10M-hike; markets closely await Fed minutes
Global sovereign sukuk issuance may exceed $93bn by 2020 –Moody’s
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