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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

Amwal Al Ghad English - 2016-09-26 08:31:34
France appreciates Egypt’s pivotal role as a main pillar for security and stability in the Middle East and North Africa (MENA) region, French defence minister Jean-Yves Le Drian told Egypt’s President Abdel-Fattah al-Sisi at a Cairo meeting Sunday. Egyptian presidency spokesman Alaa Youssef said the meeting, also attended by Egypt’s defence minister Sedki Sobhi, witnessed a discussion on the latest developments in the region including the Syrian and Libyan civil conflicts. The Egyptian president stressed on importance of joint international efforts to reach political solutions for these crises. Sisi also praised the strategic partnership between Egypt and France, especially in the military field, and agreed with the French defence minister that the two countries should intensify ongoing efforts to combat terrorism. Le Drian stressed that Egypt was one of France’s most important partners among the Middle East and Mediterranean countries. Earlier this month, Egypt raised its flag atop a Mistral-class warship that Cairo bought from France in 2015. The ship is the second of its kind sold by France to Egypt, with the first – named after late Egyptian president Gamal Abdel-Nasser – delivered in June to Alexandria from the French city of Toulouse. The contract for the two Mistral aircraft carriers, which was finalised in September last year, was valued at 950 million euros, according to AFP. The deal is part of several defence contracts Egypt has signed with France, with the European country now topping the list of countries that have signed military supply agreements with Egypt during the term of President Sisi. More»
Amwal Al Ghad English - 2016-09-25 14:20:03
Egypt’s General Authority for Roads, Bridges, and Land Transport (GARBLT) has assigned four local contractors to execute part of paving works on Benha-Mansoura road project, GARBLT chairman Adel Tork announced Sunday. The project also includes carrying out paving and concrete work in addition to works related to traffic safety under the supervision of Egyptian Ministry of Transportation, Tork said. At a total cost of 200 million Egyptian pounds ($22.5 million), Benha-Mansoura road project will be handed over to four construction companies, which are part of the Holding Company for Roads, Bridges and Land Transportation Projects. General Nile Company for Roads and Bridgeswill take over18 km of the total length at a cost of 73 million pounds; while General Nile Company for Roads Construction will be implementing 20 km with a cost of 80 million pounds. More»
Ahmed El Demerdash - 2016-09-25 12:53:49
State airline EgyptAir has passed an inspection by the U.S. Transport Security Administration (TSA), whose team of inspectors visited Cairo for three days, chairman of EgyptAir Holding Company, Safwat Mosallam announced Sunday. The inspectors reviewed security procedures applied on the flights operated between Cairo and New York, mainly operated by the national carrier. Mosallam said the team of inspectors had checked all procedures the carrier applies during its daily service to New York. “This included passengers, luggage, and cabin security," explained Mosallam. The TSA inspections are done twice a year on flights between Cairo and New York. This is the 26th time EgyptAir has passed the TSA inspection since it was first adopted in 2004. More»
Amwal Al Ghad English - 2016-09-25 09:59:08
Air flights between Egypt and Russia may be resumed in October, Egypt’s Al-Masry Al-Youm said Sunday citing high-ranking officials at the Egyptian civil aviation authority. "The parties have agreed to resume step by step the aviation communication in October," the sources said. The civil aviation ministry said "at first will be resumed the flights between Moscow and Cairo, which will be served at the second, new, terminal of the airport in the Egyptian capital city. The test opening of the new terminal is due on September 28. Later on, we may resume flights between Moscow and resort Sharm el Sheikh and Hurgada. And when this is done, the parties will proceed to discussing chartered flights." Russia’s Transport Minister Maxim Sokolov plans to visit Cairo on September 26, where he will be received by Egypt’s President Abdel Fattah el-Sisi, the newspaper writes. On September 21, the Egyptian civil aviation ministry confirmed in its statement that a total of seven Russian aviation experts arrived at the country’s resort city of Hurghada and eight more to another Red Sea resort city of Sharm el-Sheikh with the task to assess security measures provided at the Egyptian airports. The inspection was over on Saturday, September 24. Russia suspended air service with Egypt following the crash of a Russian A321 passenger jet in Sinai. The jet owned by Russia’s Kogalymavia air carrier (flight 9268) bound to St. Petersburg crashed on October 31, 2015 some 30 minutes after the take-off from Egypt’s Sharm el-Sheikh. It fell down 100 kilometers south of the administrative center of North Sinai Governorate, the city of Al-Arish. The plane was carrying 217 passengers and seven crew members. There were four Ukrainian and one Belarusian national among the passengers. None survived. In November 2015, the announcement was the crash had been caused by an act of terror committed by means of a home-made explosive device with a yield of up to one kilogram of TNT. The Russian transport minister said that air service will resume after Egypt fully ensures security at airports. Russia’s key requirements for resuming flights to Egypt are the issues of using an automated biometric control access system and multi-level luggage control at Egyptian airports, as well as issues of in-flight meals control and video surveillance along airports’ perimeter. More»
Amwal Al Ghad English - 2016-09-25 08:51:46
An Egyptian parliamentary delegation who visited New York last week to rally support for Egypt's political and economic reforms told reporters that U.S. presidential candidate Donald Trump would be a "good friend" of Egypt in comparison with Hillary Clinton. The 20-member delegation, comprising a mix of opposition and pro-government MPs, participated in the 71th round of UN General Assembly (UNGA)  meetings and also joined Egyptian President Abdel Fattah al-Sisi who was in New York to deliver a speech before the UNGA on 20 September. Tarek Radwan, deputy head of parliament's foreign relations committee, told reporters that Egyptian MPs held a very important meeting with Walid Phares, a foreign policy advisor to the Republican presidential candidate Donald Trump. "He briefed us on President Sisi's meeting with Trump on 19 September and he answered some of our questions on America's foreign policies in the Middle East under a Trump administration," said Radwan." "In an hour-long meeting, Phares disclosed that Trump had told Sisi that Egypt and the US should be strategic partners again, with America doing everything possible to help Egypt in its war against terrorism and Islamist radicalism," said Radwan. According to the MP, Phares answered a question on whether Muslim Brotherhood would be designated as a terrorist group under a Trump administration. "Phares stressed that Trump in all of his foreign policy speeches was keen to describe the group as the radical Muslim Brotherhood," said Radwan, adding that "Phares also stressed that Trump's administration would do its best gather support among Congress people in favour of legislating the Brotherhood as a terrorist organisation." Solaf Darwish, a female MP from the Nile Delta governorate of Qalioubiya, told reporters that while President Sisi and Trump seized their meeting to explore the views of each other on important issues such as terrorism, Trump in particular used the meeting to respond to attacks in the mainstream US media that he does not have high regard for Muslims. "Trump was keen to meet with Sisi not only because he admires him as the leader of a nation who revolted against the religious autocracy of the radical Muslim Brotherhood, but also to tell Muslims in America and everywhere that he has high regard for Muslims, especially those are in a war against Islamist extremism," said Darwish. Phares, an American of Lebanese origin,  appeared on 20 September on Fox News channel to talk about his recent visit to Egypt and his meeting with members of its parliament in New York. "They (Egyptians) have the tools of extreme vetting when it comes to screening people who want to either enter the country or become citizens and they know what the (radical) ideology is, something America needs to do in order to defeat Islamic terrorism," Phares said. A Trump administration campaign also said in a statement after his meeting with Sisi that Trump thanked the president and the Egyptian people for what they have done in defence of their country and expressed support for Egypt's war on terrorism, and how under a Trump administration, the US will be a loyal friend, not simply an ally. Most Egyptian MPs agree that there was a kind of "love chemistry" between Trump and Sisi. "While Trump was keen to meet with Sisi and was clear in his support of anti-Islamist Egypt, there is no question that President Sisi also saw Trump as representing a new political trend which stands against Barack Obama's tolerance for political Islam and estrangement with Egypt under his rule," said Darwish. Mohamed Abdel-Hadi, Al-Ahram's chief editor who covered Sisi's visit to New York last week, wrote on Friday that "al-Sisi and Trump agreed that Obama's policies had caused a lot of harm to Egypt's national security, and that there should be no tolerance in any way for political Islam." In addition, most Egypt MPs in the delegation said they believe that US Democratic presidential candidate Hillary Clinton "is an extension of the Obama mentality." Tarek El-Khouli, a leading member of parliament's foreign relations committee, told reporters that "it was good that Clinton sought to meet with al-Sisi." "Although we know she is an extension of the Obama mentality, we believe that in light of the growing threats of terrorism, Clinton might choose to scrap her predecessor's tolerance of political Islam and correct many of his disastrous policies in the Middle East," said El-Khouli. While Trump's meeting with Sisi focused on Islamist terrorism, Clinton discussed issues like human rights and civil society in Egypt. "And these are the issues which represent an extension of the Obama mentality and which President Sisi believes should not be of a top priority," said El-Khouli. A large number of Egyptian MPs, politicians and policymakers believe that Clinton had a big hand in helping Muslim Brotherhood reach power in Egypt after the removal of former president Hosni Mubarak from office in 2011. "Her tolerance towards such kind of groups also led to the killing of America's former ambassador in Libya, but she and the radical liberal community in America still do not want to learn the lessons of this disastrous policy," said Emad Gad, an Al-Ahram political analyst and a MP affiliated with the Free Egyptians Party. According to a CNN report, Clinton addressed prickly topics with some world leaders she met in New York last week. "Clinton addressed the need for a more vibrant – and free – civil society with Egypt while she met with Sisi," said the report. Salah Hassaballah, chairman of the Freedom Party and a member of the Egyptian parliamentary delegation in New York, told reporters "see how the two campaigns of Trump and Clinton described their meeting with Sisi." "While Trump  focused on a new agenda – that is defeating political Islam – Clinton showed that she does not want to change Obama's radical liberal agenda which caused all the chaos we saw in the Arab world over the last five years under slogans of democracy, civil society and human rights," said Hassaballah. Hassaballah notes that while Egyptian MPs were in America, mass protests erupted in the city of Charlotte in North Carolina after a policeman killed an African-American man. "While Obama, Clinton and all of America's radical liberal community like to give Arab leaders lessons on human rights and tolerance of protests, they ignore that their country is by no means perfect or ideal on such issues," said Hassaballah, adding that "if you told the Americans that their country is rife with human rights abuses, they would simply answer you that they are a democracy, but you the Arabs are an autocracy." According to Al-Ahram editor Mohamed Abdel-Hadi, Sisi told Clinton that he is against the reports issued by organisations with "radical liberal agendas" like Human Rights Watch. "These organisations sometimes allege that there are 30,000 political prisoners in Egypt, and in other times they up the figure to reach 45,000," said Abdel-Hadi. Nader Mostafa, deputy chairman of Al-Gomhouria Centre for Political and Strategic Studies and a member of Egypt's parliamentary delegation in New York, told reporters that "he was not shocked by the American mainstream liberal media's hostile attitude towards President Sisi." "But this media gives a cover for political Islam movements – especially the Muslim Brotherhood - to infiltrate America and this is why we admire Donald Trump because he stands firm against this radical liberal community whose views only leads to chaos," said Mostafa, also wondering that "the American media and Human Rights Watc take Muslim Brotherhood prisoners as political prisoners." "Members of this group are the same like Ahmad Khan Rahami, the man who was arrested for implementing a terrorist act in New York one day before we reach there," said Mostafa, wondering how the American media would react if the Egyptian media described Rahami as "a political prisoner." The CNN report cited a Clinton advisor as cautioning that the meeting on Monday with Sisi did not augur any kind of policy change towards Egypt. But nevertheless, the official said, Clinton does understand the complexity and complications of US relations with Egypt, a nation that is pivotal to the balance of power in the Middle East, is facing its own terror threats and would be critical to any renewed effort at Israeli-Palestinian peace. More»
Amwal Al Ghad English - 2016-09-25 08:11:02
Hungarian Prime Minister Victor Orban said Saturday that it was necessary to reach a EU-Egypt agreement on the creation of refugee camps beyond the bloc's borders, similar to the EU-Turkey deal on migrants. According to Orban, 5.5 million people in Egypt are seeking to reach European countries. The absence of such a treaty "may bring a big surprise" from Egypt, Orban said on the sidelines of the migration summit in Vienna, devoted to the Balkan route, as quoted by the MTI news agency. Orban has also proposed to create a "giant" refugee camp on the Libyan coast, which will be engaged in processing asylum applications from African states. Europe is struggling to find a solution to a massive refugee crisis, with hundreds of thousands of refugees fleeing conflict-torn countries in the Middle East and North Africa. EU border agency Frontex detected over 1.83 million illegal border crossings in 2015, in contrast to some 283,000 in 2014. In March, the European Union and Turkey agreed on a deal, under which Ankara pledged to take back all undocumented migrants who arrive in the European Union through its territory. In exchange, Syrian refugees accommodated in Turkey would be relocated to the bloc on a one-for-one basis. More»
Amwal Al Ghad English - 2016-09-25 07:58:26
Egyptian President Abdel Fattah al-Sisi has ordered authorities Saturday to punish those responsible for the capsizing of a ship which resulted in the deaths of more than 160 migrants, as families demanded the bodies of their loved ones. Rescue workers and fishermen rescued 169 people after the boat sank off Egypt's Mediterranean coast early on Wednesday with up to 600 on board, suggesting many more may have perished than the death toll of 162 given by security officials. Survivors, their relatives and families of the dead have been complaining of what they say is inaction by Egyptian authorities such as the coastguard. On Saturday morning, tens of families stormed the gate of a coastguard checkpoint chanting: "We want our children, we want our children." The coastguard service says it foiled an illegal migration attempt and saved lives. Four members of the crew have been arrested. Following a meeting with the prime minister, minister of interior, and the head of the general intelligence service, Sisi ordered authorities to prosecute those who caused the incident, a presidential statement said. Officials say the boat was carrying Egyptian, Sudanese, Eritrean and Somali migrants, and that they believed it was heading for Italy. Security sources have said there was almost 600 migrants aboard the boat. However, a survivor whose comments appeared in a video online said the migrants had been told that about 200 people would be on board, but that the smugglers had then added another 50, causing the boat to founder. More and more people have been trying to cross to Italy from the African coast over the summer months, particularly from Libya, where people-traffickers operate with relative impunity. The International Organization for Migration says that more than 3,200 migrants have died while attempting to cross the Mediterranean this year, while nearly 300,000 have reached European shores. More»
Amwal Al Ghad English - 2016-09-25 07:49:58
Egypt’s interior ministry announced Saturday that it arrested more than a dozen people for seeking to create “a negative atmosphere” through “creating crises.” The ministry said in a statement that the group belonged to the Muslim Brotherhood organisation and is known as the “crises unit.” “Its role is to find new ways to create and provoke crises through its cadres in the country,” the ministry added. According to the ministry, the group targeted Egypt’s economy through “claiming the state’s failure in implementing its development plans.” The "escalation" in the dollar crisis and the “escalation of factional demands of some workers in different institutions” are among the crises the group is accused of creating, the ministry said. The ministry’s statement included a video featuring four of the men arrested confessing to having been part of the unit. Egypt’s economy has been struggling over the past five years the aftermath of years of political turmoil which saw 2011 uprising, followed by the ouster of two presidents and the resignation of seven cabinets. Accordingly, Egypt has been scrambling to collect money as it faces an acute dollar crisis which sent its foreign reserves to $16.564 billion compared to almost $36 billion before the uprising. Months following the ouster of president Mohamed Morsi of the Muslim Brotherhood in July 2013, Egyptian authorities listed the group as a terrorist organisation and launched a crackdown on the group’s leaders, figures and supporters. More»
Amwal Al Ghad English - 2016-09-24 14:49:50
Egyptian Minister of transportation Galal al-Saeed announced Saturday that 60 percent of work has been achieved in Shoubra-Banha highway project. The project which costs 2.5 billion Egyptian pounds ($281.5 million) is scheduled to be delivered by the end of this year, the minister added. Shoubra-Banha highway project includes the construction of a two-path road consisting of four lanes the width of each is 3.5 metres. It also includes implementing 41 bridges as well as 30 tunnels. The new highway is expected to alleviate traffic congestion on the immensely crowded Cairo-Alexandria Agricultural Road. More»
Amwal Al Ghad English - 2016-09-24 08:39:01
The security cooperation between Egyptian and the British authorities is moving in the right direction to resume UK flights to the Egyptian resort of Sharm El-Sheikh, the UK foreign secretary told his Egyptian counterpart, according to an Egyptian foreign ministry release. Egyptian Foreign Minister Sameh Shoukry told his counterpart Boris Johnson during a meeting on the sidelines of the UNGA that Egypt aims to provide the necessary guarantees and security procedures in Egyptian airports to ensure tourists' safety, according to the statement by ministry spokesman Ahmed Abu Zeid. Egypt's FM highlighted the importance of setting standards to facilitate undertaking the required procedures. Johnson said that he would give special attention to the matter, adding that he is aware of the economic consequences of such a matter for Egypt. The UK along with several other Western countries suspended flights to the Egyptian resort city of Sharm El-Sheikh following the downing of a Russian airliner over central Sinai in October last year which killed all 224 people on board. Egypt's President Abdel Fatah al-Sisi met with British Prime Minister Theresa May earlier in the week in New York and they discussed the security procedures and efforts undertaken in Egypt's airports and agreed on working on the resumption of British flights to Sharm El-Sheikh. The British prime minister further expressed support of Egypt's economic reforms policies urging the developing of bilateral relations on the political and economic levels, according to the Egyptians. Al-Sisi returned to Egypt early on Friday after attending the the United Nations General Assembly in New York. More»