amwalalghad :: News

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        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        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        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        

Egypt News

Egypt will host 2016 World Economic Forum on MENA: Sisi


Published 2015-05-22 11:39:32| Amwal Al Ghad English

Egypt will host the next World Economic Forum on the Middle East and North Africa at Sharm El-Sheikh in May 2016, Egyptian President Abdel Fattah al-Sisi announced Friday in a speech at this year's forum in Jordan. In his address to delegates, al-Sisi said his country’s commitment to the political roadmap that was put in place after the ouster of former president Mohamed Morsi is “steadfast” and that procedures to hold the long-delayed parliamentary elections are “currently underway.” Parliamentary elections, the first since 2012, were due to be held in March, but the Supreme Constitutional Court ruled that several electoral laws were unconstitutional and would need to be amended. New dates for the polls have yet to be set. Al-Sisi also reiterated the government’s commitment to its economic development plan, announced at the Sharm El-Sheikh economic conference held in March. The plan focuses on reforming all legistlation relevant to businesses to attract investments, launching mega-projects, reforming the state budget, creating jobs, and establishing social programmes through which the those most in need will have access to subsidies as well as means to finance micro and small enterprises. The president added that sustainable development could only prevail through cooperation and integration between the government and the private sector, and with other countries in the region. Al-Sisi also said “extremism” and “religious and sectarian fanaticism” the region is currently facing is increasing as a result of “despair, frustration and a decline in the values of justice,” calling for a future of equality and pluralism. These efforts have to be coupled with plans to eradicate poverty, according the president said constitutes a “huge source of suffering” for the people despite the economic potential of their countries. Al-Sisi dedicated part of his speech to young people, saying that the future belongs to them. "The challenge posed by investing in the youth is not just an item on the agendas of governments. It is a key issue that should constitute an area of cooperation and integration… between governments and business sectors," he said, adding that prosperity “cannot prevail except through this cooperation." "Enhancing the role of youth can no longer be considered a luxury” added the president, adding that “it has become an imperative." This year's forum is entitled “Creating a Regional Framework for Prosperity and Peace through Public-Private Cooperation." King Abdullah of Jordan gave the opening address on Friday, telling delegates that now is the time for “everyone’s participation in development,” adding that “Jordan is the gate to the future of economy in the region.” Also on Friday, A-Sisi invited the executive chairman of the World Economic Forum, Klaus Schwab, to attend the opening of the new waterway in the Suez Canal in August, reported state-owned news agency MENA. Egypt is currently digging a second waterway parallel to part of the existing one in the Suez Canal, a project which is expected to more than double the canal's revenues. In March, Sharm El-Sheikh hosted top business leaders and delegations at the country's economic development conference.
International News
May 21 Euro zone business growth was weaker than expected this month but firms increased staffing levels at the fastest rate in four years, suggesting they were becoming increasingly optimistic, a survey showed on Thursday. Any signs of growth, alongside the survey showing firms barely cut prices after reducing them for over three years, will cheer European Central Bank policymakers coming just two months after they launched a trillion-euro stimulus program. "There will be a lot of people disappointed that we have an easing in growth for the second month but it needs to be put in context that it is a reasonable number," said Chris Williamson, survey compiler Markit's chief economist. "The broader picture is that the recovery remains on track - it's doing rather well."
MENA News
Islamic State’s capture of the Iraqi city of Ramadi and the ancient Syrian town of Palmyra are no ordinary conquests. After weeks of fighting, Ramadi’s fall on Sunday delivered the jihadist group control over a strategic highway linking Iraq and Syria, and a haul of weapons abandoned by Iraqi forces. Three days later, the al-Qaeda breakaway group overran Syrian government troops to seize Palmyra, home to the ruins of a 2,000-year-old city that was one of the most important cultural centers of the ancient world. With the first anniversary of the declaration of its caliphate a month away, the victories put the militants on the front foot at a time when their leaders are seeking to dispel any sense of weakness after recent defeats. In Syria, it now controls half of the country’s territory and most of its oil and gas fields, according to the Syrian Observatory for Human Rights, a U.K.-based group that monitors the conflict.