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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        


News - Egypt News

Amwal Al Ghad English - 2015-07-06 09:27:15
Saudi-led air raids pounded the Sanaa headquarters of Yemen's former president Ali Abdullah Saleh's General People's Congress party late on Sunday, killing and wounding several people, witnesses and a party official said. The strikes coincided with a visit to the capital by the U.N. special envoy to Yemen, Ismail Ould Cheikh Ahmed, who is seeking to arrange a pause in fighting until the end of the Muslim holy month of Ramadan on about July 17 to allow for deliveries of humanitarian aid.Saleh is an ally of the country's dominant Houthi movement. A Saudi-led coalition has orchestrated a more than three-month bombing campaign against the Houthis and army units loyal to Saleh to try to restore President Abd-Rabbu Mansour Hadi, who is in exile in Riyadh. More»
Amwal Al Ghad English - 2015-07-06 08:58:50
The press syndicate has said a new anti-terror law Egypt is set to pass will trample on press freedoms and enable authorities to censor media. The draft anti-terrorism legislation imposes a minimum two-year sentence as punishment for "reporting false information on terrorist attacks which contradict official statements.” The law was approved by the cabinet last week after President Abdel Fattah El-Sisi pledged tougher legal measures to combat terrorism after the assassination of the country's top public prosecutor in a Cairo car-bomb attack. This part of the law is believed to have been triggered by media coverage of last week's coordinated assaults by Islamic State militants in North Sinai which showed huge discrepancy between the official death toll of soldiers and that published by some local and foreign media outlets. The military said the attacks, the deadliest in years in the restive region, killed 21 members of security forces and over 200 insurgents. Observers say that if the law is approved, the new legislation will contravene the constitution. "This article [33] is an outright violation of the constitution, and will illegally impose a new a penalty to publishing crimes," said Gamal Abdel Rehim, under-secretary of the Journalists' Syndicate. "This way, the law will transform journalists into machines automatically publishing official statements without thinking. It denies them the right to obtain the information from different sources and restricts the [sourcing] process to one entity." According to the Egyptian constitution, no press crime is punishable by custodial penalties. The charter, however, says there should only be punishment for press violations associated with "inciting violence, discrimination between citizens or libel" and that this should be defined by law. The syndicate said in a Sunday statement that the law includes other loosely defined articles that undermine press freedoms and enables authorities to censor it. More»
Amwal Al Ghad English - 2015-07-06 08:44:04
The final 2014-2015 budget of the Railway Authority showed LE5 billion in losses, with LE7 billion in expenses against LE2.1 billion in revenues. Officials attributed the losses to increasing prices of diesel fuel and rising salaries. Assistant Transport Minister for Railways Wagdy Radwan said the increase in tickets was only for the air-conditioned trains, which are 15 percent of the fleet. “Economy class tickets were not raised,” he said. He said the ticket increase would contribute to buying 212 new air-conditioned cars for LE2.3 billion, to start operation as early as next month, and to the electrification of the railway signals, which would cost LE5 billion. More»
Amwal Al Ghad English - 2015-07-06 08:34:39
The Ministry of Planning said that the government is seeking to invest more than 29 billion pounds in human and social development in the fiscal year 2015-2016. A report showing the outline of the 2015-2016 economic and social development plan, has set about 70.7 million pounds in Presidency investments and 709.7 million in Cabinet investments. Some 3.093 billion pounds will be allocated for the Interior Ministry. Another 4.1 billion pounds will go to pre-university education and 5.2 billion to higher education services. About 4.2 billion pounds will be allotted to the development of health services. More»
Amwal Al Ghad English - 2015-07-06 08:26:28
Head of the Suez Canal Authority (SCA) and Head of the Executive Council of the Development Project in the Suez Canal zone Mohab Mamish made an inspection tour of the New Suez Canal project on Friday 03/07/2015. During the inspection tour, Mamish praised the role of workers in the project and appreciated their efforts in this national project. Mamish pointed out that it is planned to start the navigation experiments in the New Suez Canal project as of July 25, 2015. He added that the project now is in its final stages. SCA Head stressed that the Armed Forces and internal security personnel are fully securing the New Suez Canal project and the entire Suez Canal zone. More»
Amwal Al Ghad English - 2015-07-06 08:23:56
The Egyptian Natural Gas Holding Company (EGAS) has received offers from companies to supply a second gasification ship with daily gas-pumping capacities of 500m to 750m cubic feet. A senior EGAS official said the tender will be awarded by the end of this month, and the company is currently studying the financial offers from various companies. The official said the second gasification ship is expected to be in Ain Sokhna Port by December. The gasification ship will turn liquefied gas into its gaseous state, to facilitate its siphoning  into the national gas distribution grid. According to the official, EGAS has put a tight timeline for awarding the tender so that the ship is supplied as soon as possible. Roughly 500m cubic feet of gas daily is imported as additional fuel for electricity stations. “All invited companies participated in the tender, and the contract will be for five years. The second ship will receive around 42 shipments of liquefied gas annually, and one shipment will take 140,000 to 170,000 cubic metres of gas,” the official said. More»
Amwal Al Ghad English - 2015-07-06 08:19:58
The Upper Egypt Electricity Distribution Company (UEEDC) has received three proposals from local companies to establish a solar energy station with a total capacity of 8 MW. Alaa El-Din Abo El-Wafa, Chairman of the Board of Directors and Managing Director of the UEEDC, said: “The companies which made the proposal are Al-Fouad Multi, El-Hoda For Agriculture Development, and Sun Infinite Energy.” Al-Fouad Multi proposed establishing five solar energy stations with a capacity of 500 KW per station. El-Hoda for Agriculture Development, on the other hand, proposed building 10 solar energy projects with a capacity of 500 KW per project. Sun Infinite Energy meanwhile proposed establishing a solar energy station in Abo Tesht with a capacity of 500 KW. The UEEDC is studying the three proposals before signing the contract to purchase the energy from these projects and link it to the national grid. According to the chairman, the UEEDC can sign contracts to link the projects to the national grid with a capacity of 20 MW, as per instructions from the Ministry of Electricity and Renewable Energy. More»
Amwal Al Ghad English - 2015-07-05 11:36:31
Business activity in Egypt's private sector excluding oil grew slightly in June, ending five months of contraction, though inflation and currency depreciation remain a concern, a survey showed on Sunday. The Emirates NBD Egypt Purchasing Managers' Index rose to 50.2 in June from 49.9 the previous month. A reading above 50 indicates expansion and below 50, contraction. "June's PMI reading fits well with our view that the Egyptian economy should gradually pick up momentum heading into the second half of 2015," Jean-Paul Pigat, economist at Emirates NBD, said. "However, the survey also shows business activity and job creation remaining relatively tepid." More»
Amwal Al Ghad English - 2015-07-05 09:22:42
A cargo ship sunk Sunday in Egypt's Red Sea, shortly after departing Safaga Port on its way to Saudi Arabia. Naval forces managed to save all 37 crew and passengers onboard the ship, a Red Sea Ports spokesman told state news agency MENA. The ship, named Taba and carrying cargo as well as trucks, sank because the trucks were parked mainly on one side, which caused the ship to tilt and start sinking, spokesman Abdel-Rehim Mostafa stated. Mostafa added that the crew sent SOS signals to the naval base in Safaga port and rescue ships were immediately dispatched to help the stranded passengers and crew. More»
Amwal Al Ghad English - 2015-07-05 09:23:26
Egypt has been officially ranked the world’s second cheapest country for international tourists in this year’s “Travel and Tourism Competitiveness Report” (TTCR) issued annually by the World Economic Forum (WEF). The TTCR, first published in 2007, measures “the set of factors and policies that enable the sustainable development of the Travel & Tourism sector, which in turn contributes to the development and competitiveness of a country.” This year the report compared the tourism industry between 141 countries based on factors such as safety and security, hygiene, business environment, price-competitiveness, transportation and the country’s overall stability. The cheap travel Egypt offers is overshadowed by its lower rankings in regards to safety and security (ranked 136th) which, according to the TTCR, is “reducing Egypt’s appeal to international tourists […] hence, funds available for investment.” Egypt’s ground infrastructure (ranked 103rd) is additionally a setback which, according to the report, “requires a significant upgrade, especially in terms of quality of roads and efficiency of the transport network.” Egypt received an overall ranking of 83rd worldwide and 10th within the Middle East and North Africa (MENA) region with an approximate 9 million visitors annually. The TTCR estimates this to be far below Egypt’s potential seeing as it as a price-competitive destination with many possible investments in the tourism industry. The report argues that Egypt’s many cultural resources and vast history are underutilized, indicated by the country’s low rank for oral and intangible heritage (ranked 60th). Spain, France and Germany top this year’s worldwide ranking with Angola, Guinea and Chad appearing at the bottom of the list. The United Arab Emirates is ranked first place within the MENA region, followed by Qatar, Bahrain, Morocco and Saudi Arabia. Iran was ranked as the only country to offer lower prices for tourists than Egypt, according to the TTCR. Over the past three years, Egypt’s tourism revenue has plummeted to a mere five percent of what it was prior to the January 25th revolution in 2011. In 2010, Egypt’s tourism revenue accounted for £250 million (approx. EGP 2.5 billion), and in 2014, those numbers have fallen to £10.5 million (approx. EGP 121 million). Egypt’s tourism industry is one of Egypt’s main sources of economic prosperity, employing more than four million tourism workers nationwide. More»