Wednesday, January 15, 2014

Rise in profits thanks to Bank of America falling loan provisions losers




Said Bank of America - the second largest bank in America - that fourth-quarter earnings increased eight times, thanks to a sharp drop in provisions to cover bank bad loans. Net return on equity to 3.18 billion dollars, or 29 cents a share, from 367 million, or three cents in the same quarter of 2012. The profits of the previous year, affected by the expenses associated with a real estate mortgage amounted to about five billion dollars.

U.S. stocks rise at the beginning of the meeting




NEW YORK (Reuters) - U.S. stocks rose at the beginning of the trading session on Wednesday after data showed strong earnings from Bank of America to continued improvement in the economy.

The Dow Jones industrial average DJI 21.38 points, or 0.13 percent, to 16395.24 points, while the S & P 500 SPX 3.67 points, or 0.2 percent, to 1842.55 points.

The Nasdaq Composite Index was laced Technology 13.83 points, or 0.33 percent, to 4196.84 points.

The views of the Egyptian street about the referendum on the Constitution

The views of the Egyptian



Witness the polling stations in Egypt uneven turnout on the second day of the referendum on the new constitution, which is being amid tight security. Many Egyptians cast their ballots, and many of them are also boycotting the referendum.

Friday, November 22, 2013

Gold prices in Egyptian pounds




Gold prices in Egyptian pounds

Description                                                                   
Price                            
Caliber 18
207.6
Caliber 21
242.2
Caliber 24
276.7
Fairy Gold
1937.6
Silver
4.61
Gold prices have been updated for the day 11/21/2013 - 18:19 timing Cairo

Currency Rates in Egyptian pounds



Currency Rates in Egyptian pounds 2013
Currency
Sale
Buy
           دولار           Dollar
6.91
6.88
           جنيه استرلينى           £
11.34
11.03
           يورو           Euro
9.47
9.2
           ريال سعودى           Saudi Riyal
1.87
1.82
           درهم اماراتى           Emirates Dirham
1.91
1.86
           الدينار الكويتى           Kuwaiti dinar
24.65
23.93
           فرنك سويسرى           Swiss Franc
7.68
7.45
           الين اليابانى 100           Japanese yen 100
6.98
6.79
           ريال قطرى           QR
1.97
1.9
           دينار بحرينى           Bahraini Dinar
18.66
17.91
           ريال عمانى           RO
18.19
17.46
           دينار اردنى           JD
9.89
9.49
           دولار استرالي           Australian dollars
6.53
6.35
           دولار كندى           Canadian Dollar
6.73
6.52
Currency Rates have been updated on 11/21/2013 - 18:17 timing Cairo

Looking Saudi delegation in Cairo to provide assistance to Egypt worth 1.45 billion dollars



Arrived in Cairo - on Friday - Hassan bin Mohammed al-Attas , Director General of the Technical Department of the Saudi Fund for Development , heading a delegation on a visit to Egypt six-day meet with a number of senior officials to follow up the aid package offered by Saudi Arabia during the coming period, valued at 1.45 billion dollars.
It is expected that the delegation will discuss activating the package of grants and soft loans provided by the Fund to Egypt worth 1.45 billion dollars and activate the private Saudi Fund for Development within the economic program sponsored by the Saudi government to Egypt . Program includes Saudi grant of 200 million dollars earmarked for the financing of small and medium enterprises , which aims to create jobs and expand the circle of social solidarity , and soft development loans worth 500 million dollars to finance the priority development projects in various sectors , as well as the creation of a line of credit to finance non-oil exports, Saudi Arabia , and Egypt that you need , valued at 750 million dollars.
The sources said that the delegation will hold talks with officials in the sectors of electricity, transport , health, education , irrigation, water , housing, food security and other sectors that benefit from the aid package , and that there are a lot of projects that have been implemented and completed , and some are still under construction .

A World Bank delegation in Cairo looking to provide new aid to Egypt



Arrived in Cairo - on Friday - Mirza Hassan Executive Director for Egypt and the Arab Group at the World Bank , coming on top of a delegation from the UAE in the five-day visit during which he will meet with a number of officials .
The sources said the Ministry of International Cooperation, that is scheduled to meet with the delegation during a visit to a number of officials of the ministries of international cooperation , electricity, irrigation , transport , aviation and other sectors to discuss projects involving the World Bank in funding and research projects that can participate in funding in the coming period .
The Bank's portfolio in Egypt is the largest in the Middle East and North Africa , where up to 21 projects with investments worth 6.4 billion dollars.
Mirza 's visit comes after more than a week on a visit by Inger Anderson, World Bank Vice President for the Middle East and North Africa on a visit to Cairo is the highest level since the Bank isolate former President Mohamed Morsi, on the third of July.
And confirms the World Bank support the efforts of the Egyptian government to improve economic governance and the provision of jobs and employment opportunities and tackle the problem of unemployment . The World Bank supports the investment project labor-intensive emergency in Egypt , which aims to create a quarter of a million jobs and $ 200 million and is working to provide immediate and long-term jobs through investments in public works in disadvantaged areas .

Rising stock indexes last week and 8 billion pounds capital



Cairo - ASHA
Recorded Egyptian stock indexes heights collective during last week's trading rose main index ( EGX 30) during last week's trading increased by 68.3 % to 6457 points and the index of stocks of small and medium enterprises ( EGX 70 ) rose by 02.1 % to close at 536 points.
As well as the index ( EGX 100 ) broader rose by 1.6% to close at 896 points and the index ( EGX 20 ) increased by 3.96 % to close at 7538 points.
The Egyptian stock Ozaraltqriralosbuaa high market capitalization of the shares of listed companies valued at 8 billion pounds to hit 414.9 billion pounds.
In terms of trading values ​​recorded 4.3 billion pounds during the week during the trading of nearly 1.6 billion securities executed over 145 thousand transactions compared to the total trading value of $ 3 billion pounds and volume traded reached 888 million securities executed over 137 thousand transactions during the past week .
The Nile Stock Exchange where trading value amounted to 42.8 million pounds from 11.6 million during the trading of securities executed on the 4792 process during the week, and pointed out that the stock market accounted for 80.41 % of the total turnover inside the cabin , while the value of trading accounted for about 19.59 % bonds .
He Altqriraly acquisition Egyptians to 84.96 % of the total market transactions , while foreign non-Arabs on the ratio of 7.96 % and 7.08 % on the Arabs after excluding deals .
And Non-Arab foreign net sale value of 103.2 million pounds this week, while the Arabs net purchases worth 75.18 million pounds after excluding deals .
Net mention non-Arab foreign investors were net sales of $ 1.55 billion pounds since the beginning of the year as record Arabs net sales of $ 250.54 million pounds during the same period , after excluding deals.
The reports institutions accounted for 39.65 % of the transactions in the stock market , while the remaining transactions of the individuals by 60.35 % and institutions were net purchases worth 73.47 million pounds this week, after excluding deals .
He added that the total value of trading securities amounted to about 715 million pounds , with a total trading volume of bonds this week, about 700 thousand bonds