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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        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        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        National Development Bank   6.72        Six of October Development & I   15.03        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        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        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        

News - Egypt News

Ahmed El Demerdash - 2015-01-26 09:46:29
Egyptian Ministry of Tourism, represented in the Tourism Activation Authority (TAA), will take part in the International Tourism Trade Fair (FITUR). The trade fair will take place in Madrid from January 28 to February 1. FITUR is one of the important international tourism forums in the world that Egyptian tourism sector pays a special great attention for. The Egyptian delegation participating in FITUR will be headed by TAA chief Samy Mahmoud, who will deliver a speech about the stable situation and restoration of security in Egypt during a press conference to be held on the sidelines of the trade fair. On the sideline of the fair, the Egyptian official will also hold several meetings with Spanish tour operators to discuss working mechanism and cooperation in the upcoming period. In Madrid, the Trade Show will concentrate the offering of 9107 companies from 165 countries and the presence of around 200,000 visitors from around the world, of which 120,000 are professionals, generating revenue for the city of 200 million euros. The year’s first tourism meeting confirms the increasing strength of the sector: the number of direct participants grows by 12% and the exhibition space by 4%. The budget for organising the Trade Show exceeds 10.5 million euros, including 3 million allocated to international promotional actions and invitations to buyers. Spain has one of the most important tourism markets in the world in which Egypt aspires to increase its world market shares within the coming years. During the fair, the Egyptian pavilion is set to present and introduce its country’s tourism market. From his part, Hesham Zaazou – Egyptian Minister of Tourism - pointed out that his country’s participation in such important tourism events would have a great impact in promoting Egyptian touristic destinations as well as opening new horizons to revive the national tourism industry. More»
Amwal Al Ghad English - 2015-01-26 08:47:56
Egypt's Railways Authority will close 11 secondary railway lines at night until the end of January, reported Al-Ahram's Arabic news website. The head of the authority, Ahmed Hamed, said the move is to "safeguard the lives of passengers." Hamed cited incidents of explosions at train stations, including one in the Nile Delta city of Zaqaziq which affected railway services there. He cited 17 reports of "suspicious packages" on railways and in stations last Friday, a day of heightened anti-government protests. Sunday marks the fourth anniversary of the 2011 revolution against Hosni Mubarak. A number of anti-government protests marking the date were reported over the weekend. The railway closures will take place from 5pm to 6am daily. More»
Amwal Al Ghad English - 2015-01-26 08:35:29
At least 18 people have been killed in clashes between police and protesters across Egypt, officials said. Three police cadets were among the dead, and dozens of protesters were also injured, the officials said. The clashes follow the death of an activist in a march in the capital Cairo on Saturday. The protests were staged to mark the fourth anniversary of Egypt's 2011 uprising, which toppled long-time leader Hosni Mubarak. Security in major cities was tightened ahead of the anniversary, and key locations in Cairo were blocked off. Dozens of people were killed in similar protests last year. Crackdown on dissent The police cadets were killed during protests in Cairo, the officials said, while protesters were also killed in the capital and the northern city of Alexandria. Police said two militants were killed as they tried to plant an explosive device in the Nile Delta. More than 400 people were arrested. On Saturday, activist Shaimaa al-Sabbagh, aged 32, was shot dead during a march by the socialist Popular Alliance party in central Cairo. The party blamed police for her death. She was buried amid angry scenes in Alexandria on Sunday. Hundreds of people attended the funeral. Prosecutors have launched an investigation into her death. Since ousting the elected President Mohamed Morsi in July 2013, Egypt under new leader Abdel Fattah al-Sisi has cracked down on political dissent. More»
Amwal Al Ghad English - 2015-01-26 08:31:23
A Qatar-based Muslim cleric called for protests in Egypt on the anniversary of the country's Jan 25 uprising against Hosni Mubarak and said Mohamed Morsi is Egypt's "legitimate" leader, in a speech that may worsen relations between Qatar and Egypt. Sheikh Youssef al-Qaradawi, an Egyptian-born cleric who has close links to the Muslim Brotherhood, has been critical of Egypt's government, accusing President Abdel Fatah al-Sisi of betrayal for ousting President Morsi in 2013, a Muslim Brotherhood leader. Qaradawi's outspoken support for the Islamist movement has contributed to a diplomatic rift between Qatar and its Gulf Arab allies and Egypt, who consider the Islamist group a security threat and supported Morsi's overthrow. Since then, Qaradawi has refrained from delivering Friday sermons. But this has not stopped him from criticizing Egypt's rulers during conferences or by statements often sent by email. "I call on the people of Egypt, all those capable to go out of their houses on this great occasion ... Egyptians should go out and express that they don't want anything but the revolution they had started," Qaradawi said in a video recording posted on his Twitter account on Sunday. After the Jan 25 uprising in 2011, Qaradawi said, a "fair and transparent" election put Morsi in power. The 2011 protests ousted Egyptian President Mubarak, after which Morsi was elected, taking office in June 2012. However, a further wave of protests against Morsi erupted, and he was forced out of power a year later. Sisi, a former army chief, was elected president in May 2014. Sporadic violence and protests broke out in Egypt on Sunday, but the country's security forces have moved quickly to disperse them. Morsi supporters have been rounded up. A source close to Qaradawi confirmed that the cleric is still in Doha and the recording of the message posted took place in Qatar. Angered by Qatari policy, Saudi Arabia, the United Arab Emirates and Bahrain withdrew their ambassadors from the fellow GCC member last March, accusing it of undermining their domestic security through its support of the Muslim Brotherhood. An unprecedented eight-month rift in GCC relations ended in November. The ambassadors returned and Doha promised to scale down its support for the Brotherhood, according to western diplomats in Doha. In recent months, Qatar has taken steps to improve relations with Cairo, such as suspending broadcasts by the Qatari-owned al Jazeera television network of an Egypt-focused channel. But Qatar still hosts a number of Islamist figures, including Qaradawi, a continuous source of irritation to Egypt. More»
Amwal Al Ghad English - 2015-01-26 08:05:17
Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms, its chairman said on Sunday, as the country seeks new energy sources. Declining production and increasing consumption has turned the Arab world's most populous country from an energy exporter to a net importer, prompting a flurry of activity in past months to boost foreign supplies. The four companies will supply four cargoes a month over about two years, Khaled Abdel Badie of state-run Egyptian Natural Gas Holding Company (EGAS) told Reuters. Abdel Badie did not identify the four companies. Seven firms, including London-based energy major BP, bid for the tender in October. The country of about 90 million relies heavily on gas to generate power for households and industry, but has had difficulty securing imports because it lacks a terminal to process LNG, which is natural gas chilled into a liquid state. But after two years of delays, Egypt contracted Norway's Hoegh LNG for a floating storage and regasification unit, opening the door to LNG imports once the terminal is operational by the end of March. Since the deal with Hoegh was finalised, Egypt has signed a deal with Algeria for six LNG cargoes and expects to complete an agreement with Russia's Gazprom later this month. More»
Amwal Al Ghad English - 2015-01-26 08:01:47
Egypt can expect economic growth "easily north of 4 percent" in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, its finance minister said on Friday. Hani Dimian also told Reuters in an interview at the World Economic Forum in Davos that the budget deficit for this year would fall to between 10 and 10.5 percent of gross domestic product, down from 12.5 to 12.6 percent in 2013-14. "It's a bit early to give an exact number for growth rates because we've only seen first quarter figures. But the signals for Q2 are also positive. That is why ... we're revising our growth rate from 3.8 percent, which was published in March 2014, and we're going to be easily north of 4 percent," Dimian said. "If you look at the boosters of that growth, you find that manufacturing is coming back, telecommunication and construction and partially early signs of the return of tourism," he said. Egypt suffered a severe economic crisis after the 2011 uprising that toppled veteran autocrat Hosni Mubarak, ushering in a period of turmoil, leading to the election of a Muslim Brotherhood-led government toppled by the military in July 2013. President Abdel Fattah al-Sisi, who led the military takeover before having himself elected head of state last year, addressed the Davos forum on Thursday, appealing to global investors to return to Egypt as he consolidates stability. More»
Amwal Al Ghad English - 2015-01-26 07:57:31
Occupancy rates for hotels in Hurghada and Sharm El-Sheikh stabilised this week between 50%-60% while declining to 25% in Cairo and 30% in Luxor, a tourism ministry official said. The official said that occupancy rates in the Red Sea and South Sinai are stable compared to last week, and did not decline due to the fourthanniversary of the January 25 Revolution. According to the Egyptian Hotels Association, the Red Sea and South Sinai regions hold 65% of the total hotels capacity in Egypt. According to the official, who preferred to remain anonymous, Cairo, Luxor and Aswan have witnessed the lowest hotel occupancy rates over the past four years. Despite the decline, he said, there have still been improvements. South Sinai Hotel Association member Abdelrahman El-Anwar believes the region is the best in terms of occupancy rates compared to other regions where rates are under 15%. Anwar hopes that occupancy rates increase in the near future, especially in light of the economic summit for to support and develop the Egyptian economy scheduled to be held in Sharm El-Sheikh beginning in March. According to South Sinai Investors Association head Hesham Aly, occupancy rates at the moment are lower than normal. He had hoped these rates would surpass 80%, but the turmoil experienced by the Russian rouble has reduced the flow of tourists to Egypt. More»
Amwal Al Ghad English - 2015-01-26 07:56:02
President Abdel Fattah Al-Sisi said the government works to achieve the demands of Egypt’s “two revolutions”, in a speech in the 2015 World Economic Forum in Davos, Switzerland on Thursday. These demands are achieving social and economic growth in a way that guarantees a prosperous life for Egyptians, Al-Sisi said, according to a presidential statement. The president held his speech in a special session in Davos on Egypt. In order to achieve these demands, the government has to support the role of the private sector and attract investments, in addition to setting the “appropriate climate” for achieving inclusive growth, Al-Sisi added. Listing the efforts of the government towards the aforementioned targets, Al-Sisi stated that his government has adopted a fiscal policy that reduced the burden on the budget deficit, which are cutting subsidies granted to the energy sector and directing it to the neediest portions of the society. The second thing Al-Sisi’s government has worked on is addressing the obstacles facing foreign investors through reforming and issuing new laws that have to settle disputes, the statement added. Al-Sisi also mentioned that he targets registering 7% GDP growth by 2020, besides reducing the unemployment rate to 10%. The president noted that his government would also address the negative economic and social effects that may result from applying the economic reform policies through providing more job opportunities to young people and increase the budget allocations for education, health and scientific research sectors to 10% of GDP. He also said that they are working on developing the country’s infrastructure through increasing investments in the transportation sector, part of it through the state budget and the other part through loans. Al-Sisi also mentioned that the government is working on reforming the laws that organise the public and private sectors, anti-corruptions laws and the pensions system. The former defence minister invited the attendees to take part in the Economic Summit, scheduled to occur in March in Sharm El-Sheikh, to support Egypt’s economic development. More»
Amwal Al Ghad English - 2015-01-25 15:17:27
Russia’s President Vladimir Putin will start a two-day official visit to Egypt on February 9, diplomatic sources from Moscow said. Putin’s visit will tackle means to boost the bilateral relations between Moscow and Cairo. In earlier statements, Russian President Putin's special representative for the Middle East and deputy foreign minister, Mikhail Bogdano referred that Egypt and Russia are in talks to coordinate the first visit of the Russian president to Egypt. Egyptian President Abdel Fattah al-Sisi's first visit to a foreign non-Arab/African state after he was sworn in as president 8 June, following a landslide electoral victory, was to Russia. Sisi has visited Moscow twice. On his second trip to Moscow in August he invited his Russian counterpart to visit Egypt. He first went as a defence minister and army chief in February where he reportedly negotiated an arms deal with Putin. In August, Sisi visited Moscow again as president and both leaders announced their plans for enhancing bilateral cooperation in the fields of trade, economy, investment and energy. Egypt had strong ties with Russia in the 1950s and 1960s, and the Soviet Union was the main supplier of arms to Egypt until the early 1970s. Relations soured after Israel and Egypt signed a peace treaty bringing in some $1.3 billion in annual US military aid to Cairo in 1979. More»
Amwal Al Ghad English - 2015-01-25 08:57:17
A bomb wounded two Egyptian policemen in Cairo on Sunday and security forces moved quickly to disperse small protests on the anniversary of the popular uprising that toppled autocrat Hosni Mubarak in 2011, officials said. The blast targeted policemen stationed outside a sports club in Cairo's Heliopolis area, the security sources said. Supporters of deposed president Mohamed Mursi of the Muslim Brotherhood gathered near Tahrir Square -- symbolic heart of the 201 revolt -- and held up photographs of him, a Reuters witness said. Security forces rounded them up. They also teargas to disperse a protest in Cairo's Ramses Square, officials said. Tensions have been rising in Egypt. A woman protester was shot dead on Saturday near Cairo's Tahrir Square, the symbolic heart of the revolt that ended Mubarak's 30 years of rule. Dozens of protesters were killed during last year's anniversary. State news agency MENA said 22 armored vehicles were parked around Tahrir Square and roads to the square were sealed off. Security forces were also dispatched to Rabaa Square in northeast Cairo, where hundreds of Mursi supporters were killed in August 2013, one month after the army toppled him. Mursi and other Brotherhood leaders are standing trial on a range of charges, from inciting violence to conspiring with the Palestinian militant group Hamas against Egypt. They deny the charges. Although a security crackdown has virtually ended street demonstrations, several took place this week in Cairo and Egypt's second city, Alexandria. In a televised address on Saturday, President Abdel Fattah al-Sisi praised the desire for change Egyptians showed four years ago but said it would take patience to achieve all of "the revolution's goals". Sisi announced a roadmap to democracy after toppling Mursi when mass protests against his rule erupted, and the government says it is committed to democracy. But human rights groups accuse the former military intelligence chief under Mubarak of restoring authoritarian rule to the most populous Arab state. Opponents say new laws, including one restricting protests, have rolled back freedoms won in the uprising, when hundreds died as security forces clashed with protesters. Islamists and liberal activists, including many who supported removing Mursi and his Muslim Brotherhood, have been jailed. An Egyptian court ordered the release of Mubarak's sons Alaa and Gamal on Thursday pending a retrial in a corruption case. In November, a court dropped charges against Mubarak of conspiring to kill protesters in the uprising. More»