International Agricultural Products 18.49 -1.12 %

Al Khair River For Development Agricultural Investment&Envir 0.571 2.15 %

Egypt for Poultry 4.7 0 %

Mansoura Poultry 1.41 0.71 %

Cairo Poultry 14.86 -2.43 %

Ismailia Poultry 9.44 -1.36 %

General Co for Land Reclamation 48.66 -4.66 %

Wadi Kom Ombo 92.82 0.59 %

Foodico 64.01 -1.98 %

Egytrans 6.04 5.59 %

ICON 25.13 0.88 %

AMOC 7.62 0.26 %

Sharm Dreams 17.45 0.58 %

El Dawlia Fertilizers 10.36 -0.19 %

Beltone Financial Holding 2.89 -0.34 %

Misr Beni Suef Cement 57.37 -2.28 %

Sabaa 1.49 9.56 %

Digitize for Investment And Technology 3.58 10.49 %

E-finance 19.88 -1.19 %

Remas 0.902 0.11 %

A Capital Holding 2.8 -1.41 %

Lecico 29.13 -0.58 %

Arab Co. for Asset Management And Development 0.96 0 %

Ezz Steel 106.02 -1.38 %

Nile Pharmaceuticals 60.4 -5.21 %

Golden Coast 1.15 0 %

Elsewedy Electric 88.03 0.02 %

Sharkia National Food 5.58 6.29 %

Sheeni 10.99 0.37 %

ALICO 1.93 2.12 %

Emaar Misr 7.75 1.44 %

Orascom Development Egypt 18.9 -0.53 %

Delta Sugar 57.19 0.37 %

El Obour Real Estate Investment 9.38 3.99 %

United Co for Housing 7.2 -5.39 %

Heliopolis Housing 9.63 0.21 %

Arab Moltaqa Investments 2.72 0.74 %

Qalaa Holdings 2.35 4.44 %

El Kahera Housing 2.22 -5.13 %

Gadwa for Industrial Development 4.37 -3.1 %

Kima 7.8 0.39 %

Orascom Investment Holding 0.536 5.93 %

Egyptians for Housing 0.41 7.33 %

The United Bank 14.34 0.14 %

Canal Shipping Agencies 27.67 -3.25 %

Oriental Weavers 26 -1.1 %

Zahraa Maadi 7.18 -0.14 %

Pioneers Properties 3.39 -0.59 %

Egypt Aluminum 116.37 0.88 %

Amer Group 1.24 0 %

MOPCO 40.66 0 %

PHDC 6.64 1.22 %

Medical Packaging 1.26 1.61 %

Kahira Pharmaceuticals 117.95 -0.1 %

TMG Holding 56.53 0.05 %

Rameda 3.4 -0.87 %

GB Auto 15.14 4.41 %

Alexandria New Medical Center 20.12 0.55 %

International Co for Investment & Development 3.5 -0.28 %

Arab Engineering Industries 1.42 2.16 %

ASCOM 36.87 -0.3 %

Egyptian Financial & Industrial 151 0.85 %

Prime Holding 0.651 -4.26 %

Arabia Investments Holding 0.541 0.74 %

Macro Group Pharmaceuticals - Macro Capital S.A.E 2.61 -1.14 %

QNB Alahli 32.52 -0.88 %

Edita 28.9 0.1 %

SODIC 64.26 -1.68 %

Faisal Islamic Bank of Egypt 39.09 0.23 %

Electro Cable 2.88 0.35 %

Kabo 3.91 -1.26 %

Raya 3.47 -1.42 %

Telecom Egypt 34.22 0.06 %

CI Capital Holding 6.09 4.82 %

Tanmiya for Real Estate Investment 3.81 11.4 %

Madinet Nasr Housing 4.04 0 %

Ibnsina Pharma 6.23 -2.04 %

ACC 16.36 4.67 %

Giza General Contracting 0.454 -0.87 %

Cairo Oils & Soap 0.255 0 %

National Real Estate Bank for Development 0.399 0.25 %

Arab Cotton Ginning 8.63 3.6 %

Ataqa 5.44 0.18 %

Cleopatra Hospital 7.99 0.76 %

Sidi Kerir Petrochemicals 20.3 0 %

Lotus For Agricultural Investments And Development 0.658 -0.75 %

CIB 82.99 1.22 %

Orascom Financial Holding 0.401 2.3 %

Al Shams Housing 6.55 0.61 %

Alex Cont 22.74 -1.13 %

Raya Contact Center 7.48 -1.45 %

Egypt Gas 40.96 -0.02 %

Extracted Oils 3.68 -4.17 %

Egyptians for Investment 0.238 1.28 %

Contact Financial Holding 4.65 2.2 %

Barbary Investment Group 0.132 -1.49 %

B Investments Holdings 25.21 -0.2 %

Iron And Steel for Mines and Quarries 4.25 0 %

ARAB Developers Holding 0.335 0.9 %

EIPICO 46.2 -0.56 %

EFG Hermes 21.15 -1.17 %

City Lab 0.968 10 %

South Valley Cement 3.41 0.89 %

Media Production City 24.9 -0.2 %

Domty 27.01 -0.22 %

Abu Dhabi Islamic Bank 40.88 -1.04 %

Kafr El Zayat Pesticides 12.09 0 %

Atlas 1.1 -2.65 %

Taaleem Management Services 11.2 6.67 %

Union Pharmacist 2.99 0.67 %

New Ismailia Urban Development 14.51 4.46 %

Al Baraka Bank 13.49 -0.37 %

Egyptian Resorts 5.54 -0.54 %

Egypt Kuwait Holding 0.794 -0.75 %

Suez Canal Co for Technology Settling 87.12 0.14 %

Gemma 24.61 -0.73 %

Fitness Prime 1.49 0.68 %

Speed Medical 0.383 5.22 %

Arab Aluminum 14.74 -0.27 %

Mena Touristic Investment 4.02 -0.74 %

SPINALEX 9.27 -0.43 %

NUDAP 2.32 -1.28 %

Fawry 8.8 0.46 %

Egyptian Kuwaiti Holding-EGP 32.2 -0.34 %

Elsaeed Contracting 0.955 -0.21 %

Credit Agricole 21.04 -0.66 %

Meatello 4.65 9.93 %

Industrial and Engineering Projects 0.257 0.39 %

M T I 7.7 0.92 %

Misr Cement - Qena 24.65 0.08 %

Odin Investments 1.86 0.54 %

El Ahram for Packing 8.65 0.23 %

Misr Chemical Industries 29.18 0.62 %

Orascom Construction 287 0 %

Memphis Pharmaceutical 56.65 -2.16 %

Arab Dairy 3.31 0.91 %

Nasr Company for Civil Works 3.9 -0.26 %

Al Moasher 3.41 0.29 %

Al Ahly for Development and Investment 31.22 -0.67 %

Eastern Co 30 -0.79 %

Gharbia Islamic Housing Development 24.95 0.04 %

Aspire Capital 0.29 1.4 %

Egyptian Iron & Steel 50.84 1.34 %

Sinai Cement 31.27 0.87 %

Glaxo SmithKline 40.2 -1.66 %

Gulf Canadian Real Estate Investment 42.04 5 %

Abu Qir Fertilizers 52.1 0.15 %

Alexandria Flour Mills 25.65 -1.19 %

Rights Issue Of Integrated Engineering Group S.A.E -2 0.046 -6.12 %

Arafa Holding 0.135 -0.74 %

Act Financial 3.33 -0.3 %

North Cairo Mills 37.4 -6.1 %

Juhayna 31.25 1.99 %

Arab Valves 4.08 -0.49 %

Acrow Misr 68 1.1 %

Export Development Bank of Egypt 18.32 -1.19 %

Suez Canal Bank 24.05 -1.8 %

Obour Land for Food Industries 18.22 -0.55 %

Minapharm Pharmaceuticals 201 -0.5 %

First Investment 1.93 -0.52 %

Marseilia 4.1 -3.53 %

General Co for Silos & Storage 179.9 -1.83 %

Alexandria National for Financial Investment 21.96 0 %

Cairo For Investment And Real Estate Development 14.27 -1.52 %

Development & Engineering Consultants 50.31 0.54 %

El Kahera El Watania Investment 26.99 -9.88 %

GMC 1.05 3.35 %

Ajwa 88 -0.73 %

East Delta Flour Mills 244.46 -9.01 %

Goldentex 27.32 9.11 %

Lift Slab Misr 0.305 0.33 %

Egyptian Modern Education Systems 0.35 4.48 %

October Pharma 109.14 0 %

El Nasr for Manufacturing Agricultural Crops 23.15 -0.52 %

Misr Hotels 32.03 3.22 %

Faisal Islamic Bank of Egypt 1.03 0 %

Rubex 7.87 3.69 %

Taqa Arabia 12.96 0.08 %

Osool Brokerage 0.752 0.4 %

Housing & Development Bank 52.57 0.17 %

Arab For Development and Real Estate Development 1.05 -0.94 %

National Co for Housing 67.46 -0.91 %

Real Estate Egyptian Consortium 0.675 0.75 %

AT Lease 4.5 0.45 %

NileSat 6.81 0.15 %

Maridive 0.384 1.32 %

Al Fanar Construction 3.09 -0.64 %

Mohandes Insurance 25.7 -0.85 %

Alexandria Pharmaceuticals 315.75 -0.66 %

EGYFERT 85.5 -0.6 %

Reacap 6.68 -3.33 %

EAC 4.4 -0.68 %

Unipack 0.578 0.17 %

El Wadi International 0.681 -1.87 %

Vertika 1.42 -9.55 %

Utopia 29.5 1.48 %

International Business Corp 2.84 9.65 %

Rekaz Holding 2.07 0 %

Egyptian Warehouses 0 0 %

ICMI 1.75 -2.78 %

Integrated Engineering Group 0.186 0 %

El Badr Investment and Development-BID 1.53 2 %

Heibco for commercial investments & real estate development 0 0 %

El-Nile Co.For Pharmaceuticals And Chemical Industries–Nile1 0 0 %

Rights Issue Of Aspire Capital Holding for Financial Invest 0 0 %

Rights Issue Of Memphis Pharmaceuticals &Chemical Industries 0 0 %

Rights Issue Of Sinai Cement -2 0 0 %

Trans Oceans Tours 0.039 0 %

National Drilling 0 0 %

Qalaa for Financial Investments LLC 0 0 %

Cairo Educational Services 29.8 7.39 %

Nozha International Hospital 9.34 0.43 %

Marsa Marsa Alam 2.2 4.76 %

El Shams Pyramids 0 0 %

Golden Pyramids Plaza 0 0 %

Pyramisa 122.01 -5.76 %

Al Rowad 30.72 -4.98 %

Catalyst Parteners Middle East –CPME 0 0 %

Certificates Of Odin Egyptian Equity Investment Fund-KASAB 0 0 %

Egyptians Real Estate Fund Certificates 9.83 -9.4 %

EGX 30 INDEX ETF 34.75 0.64 %

Grand Investment Capital 9.16 -3.17 %

Naeem Holding 0.148 0.68 %

El Orouba Securities Brokerage 1.1 -4.35 %

Saudi Egyptian Investment & Finance 0 0 %

Saudi Egyptian Investment and Finance 0 0 %

Incolease 0 0 %

El Arabia for Land Reclamation 50 -8.59 %

Delta Insurance 0 0 %

Egyptian Gulf Bank 0.268 -1.11 %

Banque Du Caire 0 0 %

GTEX For Commercial And Industrial 0.04 0 %

Egypt Free Shops 28.75 -1.37 %

Damietta Containers & Cargo 0 0 %

Port Said Container and Cargo Handling 0 0 %

Middle East Glass 0 0 %

Misr Oils & Soap 61 1.43 %

Delta for Printing & Packaging 76.62 -7.44 %

National Printing 0 0 %

Rakta 18.12 0.67 %

Arab Polvara 8.2 0 %

Upper Egypt Flour Mills 266.26 -1.56 %

Middle & West Delta Flour Mills 309 1.28 %

South Cairo & Giza Flour Mills 34.53 -3.09 %

Middle Egypt Flour Mills 47.85 -0.81 %

Gogreen for Agricultural Investment 0 0 %

Al – Ahly Group For Modern Agriculture 0 0 %

Arab Land Direct Mutual Fund 0 0 %

Suez Cement 0 0 %

United Arab Stevedoring 0 0 %

Tourah Cement 0 0 %

Sohag National 0 0 %

Alexandria Cement 0 0 %

Lakah Group 0 0 %

Egyptian Company for International Touristic Projects 0 0 %

Modern Company for water proofing (Bitumode) 0 0 %

Nile Cotton Ginning 0 0 %

Delta Construction & Rebuilding 0 0 %

Advanced Pharmaceutical Packaging 0 0 %

Al Ezz Dekheila Steel 0 0 %

Global Telecom 0 0 %

Modern Shorouk Printing & Packaging 0 0 %

Rowad Misr 0 0 %

Arabian Rocks 0 0 %

Legal obstacles hinder growth of Egypt's payments sector: Naguib Sawiris

Updated 12/9/2024 3:56:00 PM

Legal obstacles hinder growth of Egypt's payments sector: Naguib Sawiris

Arab Finance: The payments sector in Egypt is facing legal obstacles facing that hinder its development and growth, Business tycoon Naguib Sawiris said during the second session of the Sixth Annual Hapi Conference.

He explained that current laws require companies in this sector to partner with a bank, which limits their ability to expand and innovate.

Sawiris pointed out that if the goal is to establish a specialized bank, the legal requirements create a conflict where the bank becomes both a partner and competitor to the company.

This hinders progress and disrupts the development of the sector, he explained.

Tags

Bank Payments Naguib Sawiris

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