amwalalghad :: Citizen Journalism

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Canal Shipping Agencies   7.39        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        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        

Photo and Story

Egyptian flavoured Ramadan

Published 2016-06-05 15:09:50| Aya Salah Eddin

The photo shows a street in downtown Cairo full of Ramadan lanterns. If one strolled down one of the Egyptian streets, he could enter into the spirit of Ramadan tasting a special flavour not to be found in any other country.
I, like many others, was surprised by the sudden decision taken by Saudi Aramco to stop supplying Egypt’s needs of petroleum products, despite the agreement between Egypt and Saudi Arabia stating that the latter will secure Egypt’s requirements for petroleum products at 700,000 tonnes per month for five years. The value of the agreement between the two countries amounts to $23bn to be repaid over 15 years. The agreement came to spare Egypt from the fuel crisis, while cancelling it puts Egypt in a difficult position and may cause a severe crisis similar to that we suffered during the era of the Muslim Brotherhood government. The Ministry of Petroleum attempted to mitigate the impact of this news by saying that the agreement is still in effect and that shipments were only halted for October. Yet, I am worried that the length of this suspension would stretch further on the back of political tension between the two states. Since I am primarily concerned about the side effects of a series of differences on the economic level, I will not seek to explain the political situation of the two countries over the controversy on Syria, Libya, and Yemen, or the Egyptian and Iranian rapprochement. Halted oil shipments are just one of a series of crises that may affect Egypt as a result of increased tension between the two countries. Remittances of one million Egyptians in Saudi Arabia are one major source for hard currency, which can be used to pressure Egypt in light of the high unemployment rate. Similarly, Saudi Arabia’s deposits—most recently the $2bn deposit—are key to reaching an agreement for a loan with the International Monetary Fund. The Saudi foreign ministry has rejected an informal Egyptian request to exempt Egyptian labour from the recently imposed high fees, or to cut them. This would impact Egyptian expats in the kingdom, who secure hard currency flow into Egypt. I realise how deep the relationship between the two countries is. And I understand that the differences will not be for long. At the same time, I strongly believe that Egypt must change and reduce its dependence on Saudi financial support. In other words, we must seek new ways of self-reliance rather than automatically tending towards Gulf aid. The state should maintain a proper balance between solving economic crises on the one hand, and preserving the sovereignty of political positions on the other. Whoever has the strength, owns his decision.About the Writer: Hany Aboul Fotouh is a lecturer of Crown and Bridge, Faculty of Dentistry, Tanta University, Egypt.
Egypt’s parliament gave a final approval on Monday to the implementation of the long-delayed value-added tax (VAT) at a rate of 13 percent for the current fiscal year. Parliament also increased the list of exempted goods and services to 56 from 52 items. In the next fiscal year, which starts in July 2017, the VAT rate will increase to 14 percent, according to the law, which Ahram Online obtained a copy of. The VAT aims at reducing tax evasion, as it will be applied to each member of the production chain of goods and services at the final retail stage, instead of the current sales tax that is imposed as a one-off on the final sale to customers.
The “UAE Reads” initiative will be launched next Monday under the directions of Sheikha Shamma bint Mohammed bin Khalid Al Nahyan. This cultural initiative is organised under the auspices of the Ministry of Interior, in partnership with the UAE University and the Mohammed bin Khalid Al Nahyan Cultural Center. It also coincides with the Abu Dhabi Book Fair and the “Abu Dhabi Reads” initiative.  This event falls within the framework of the UAE’s ‘Year of Reading 2016’ initiative launched by Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE.  Mohammed bin Khalid Al Nahyan will be taking part in the “World’s Largest Reading Hour”, along with more than 2500 ladies, female officials, decision-makers and students, at the UAE University’s main theatre in Al Ain at 2:00 p.m. The event will be attended by representatives of the Guinness World Records Organization, who will witness the UAE’s record attempt for the “Largest Reading Lesson.”
Video and Commet
The United Nations' World Refugee Day is observed on June 20 each year. This event honors the courage, strength, and determination of women, men, and children who are forced to flee their homeland under threat of persecution, conflict, and violence. “In countries where people have to flee their homes because of persecution and violence, political solutions must be found, peace and tolerance restored, so that refugees can return home. In my experience, going home is the deepest wish of most refugees.” Angelina Jolie said in an interview with BBC News on April 8, 2004. “No one leaves home unless home is the mouth of a shark.” Part of a poem ‘Home’ by Kenyan-born Somali poet Warsan Shire.