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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 - 2014-10-23 08:42:26
An Israel Defense Forces officer and a soldier were wounded on Wednesday in a shooting incident near the border with Egypt, a spokesman from the Israeli military confirmed. The two wounded from the mixed Caracal infantry battalion, one of them a female company commander. They were evacuated by helicopter to the Soroka Medical Center, Be'er Sheva. Large forces were immediately mobilized to the area, near Azuz. They were combing the area to rule out a possible border infiltration. An Israeli officer said that the ambush had apparently taken place from the western side of the border fence between Israel and Egypt. The Israeli force was on patrol at the time of the ambush, investigating suspicious movements near the border when the enemy opened fire on the military jeep, according to an Israeli officer. The armed militants who approached the Israeli-Egyptian border from Sinai opened fire at the military jeep from three different positions from a vehicle that arrived adjacent to the fence and two other nearby places. An army investigation revealed that the armed cell was planning to smuggle drugs when an army jeep approached the vicinity. They opened fire after realizing they had been detected. The Israeli forces returned fire, and then an RPG was most likely fired at the Israelis without causing any injuries or damage. It appears that one of the armed cell members who had reached the fence was injured. Other shooting was carried out in the area, in coordination with Egypt. During the incident several cell members were killed, somewhere between three and six, according to Israeli officials. Soldiers noticed Egyptian policemen on the other side of the border collecting weapons, including Kalashnikov rifles, after the incident. The IDF Spokesperson's Unit said that the military "will not hesitate to respond" to any attack against Israeli forces or civilians. The statement issued by the army did not identify the attackers. More»
Amwal Al Ghad English - 2014-10-23 07:45:22
Prosecutors examining on Wednesday evening the scene of the explosion outside Cairo University say the perpetrators likely used a mobile phone to detonate the explosive device, according to Ahram Arabic news website. They said that the bomb was placed in a gas pipeline and was clearly aimed to target policemen stationed across from the university. An improvised bomb had gone off Wednesday afternoon outside Cairo University, injuring six policemen and five civilians. The explosive device had detonated near a faculty building across the street from the main university campus in Giza, the site of a previous deadly bombing. The wounded have been transferred to police and civilian hospitals. Prosecutors say one police soldier is in serious condition at the Police Hospital. Cairo University, along with other campuses nationwide, has been a scene of unrest since the start of the new academic year two weeks ago, with recurrent clashes occurring between police and alleged Islamist students protesting against the government. More»
Amwal Al Ghad English - 2014-10-23 07:40:13
A ministerial Egyptian-Ethiopian commission delayed its first meeting, initially planned for Wednesday, to November to make room for more preparations, in yet another series of talks over the disputed Grand Renaissance Dam. Bilateral relations between Egypt and Ethiopia have improved after months of strained ties over the dam Ethiopia is building, which Egypt says will affect its share of the Nile's water. In the latest meeting in Cairo last week, Egypt, Ethiopia and Sudan agreed to receive offers from consultancy firms in order to choose one to conduct more studies on the dam's possible effects. Egypt's state news agency MENA said that Egyptian Foreign Minister Sameh Shukry and his Ethiopian counterpart on Wednesday discussed the logistical preparations for the commission to ensure the best outcome for both countries. The commission meetings will take place from 1-3 November, MENA said, after initially being planned for 22 October. Both sides decided to postpone it to give time for more preparations. More»
Amwal Al Ghad English - 2014-10-23 07:12:15
Egypt's health ministry said in a statement Wednesday evening that there were no cases of food poisoning among tens of elementary school students at Saeed El-Bashtili's primary school in Al-Omda village of Suez who were admitted to hospital after complaining of stomach aches following the consumption of chocolate milk at school. The statement said that lab tests on lunch-time chocolate milk suspected of upsetting the children's stomachs returned negative. The students admitted to hospital after receiving milk at school "were not poisoned", a ministry source at the ministry of health, who asked to remain anonymous, told Ahram Online. The source added that he believed that the incident might have been a case of "collective scare" among the students. The health ministry's statement put the number of students admitted to hospital at 65. However, Ahram Arabic news website reporter in Suez, Amr Gheneima, told Ahram Online that the number of children who were admitted to hospitals was 130. He said hospital officials issued a report saying that the students suffered an intestinal pain because the milk had not been stored properly. Gheneima added that out of the 130, 68 are still in hospital, including 14 under observation, while the rest were discharged. More»
Amwal Al Ghad English - 2014-10-23 07:09:39
After chairing a meeting of a technical committee ‎entrusted with finalising Egypt's new electoral districts ‎law, Minister of Transitional Justice and House of ‎Representatives Affairs, Ibrahim El-Heneidy indicated ‎that the long-awaited law will not be ratified by President ‎Abdel-Fattah El-Sisi until it gains support from ‎political parties in a national dialogue.‎ Addressing parliamentary reporters after the ‎committee's first meeting which ended in the later hours of Tuesday, El-Heneidy agreed that redrafting the ‎electoral districts law is the last obstacle before ‎parliamentary elections. "I know ‎that everyone in Egypt realises that this law must first be issued ‎so that parliamentary polls can be held," said Al-‎Heneidy, adding that "for this reason, we want to ‎finalise the drafting process as soon as possible, but ‎not before it gains some kind of consensus among ‎political forces," the minister said.‎ According to El-Heneidy, "once the semi-final draft of ‎the law is issued, political forces will be able to give ‎their opinions on it." El-Heneidy added that "they will be able to submit their ‎remarks and proposed amendments of the draft via ‎email, fax or manually ‎within a period of two to three weeks."‎ More»
Amwal Al Ghad English - 2014-10-23 07:00:15
A policeman was killed on Wednesday in a drive-by shooting in southern Egypt, state news agency MENA reported, the latest in a wave of attacks targeting the country's police and troops. Unknown assailants opened fire on a security checkpoint in the northern part of Minya, killing the driver of a police vehicle and injuring an officer, according to provincial security head Osama Metwalli. Security forces were combing the area in search of the culprits. Also on Wednesday, a security official denied initial reports of an improvised bomb in Gharbiya's city of Kafr Al-Zayat, northwest of Cairo. Osama Bedir told state news agency MENA that the minor explosion happened when a worn out battery of a motorcycle caught on fire. The explosion was initially reported to be an improvised bomb, according to Al-Ahram, citing security official Osama Bedir. More»
Amwal Al Ghad English - 2014-10-23 07:00:11
Twenty-five men received jail sentences including life in prison on charges of planning terrorist attacks in Egypt and establishing a terror cell. The defendants, who belong to the ultra-conservative Gamaa Jihadiyah group, were arrested in October 2012 and charged with establishing a terrorist cell in Cairo's Nasr City district with the aim of plotting terror attacks throughout the country. Twelve of the defendants received life in prison, while the others received jail terms ranging from 15 to seven years. One person was acquitted. After the verdicts were announced in the Cairo court on Wednesday, the defendants chanted "Allah Akbar" while raising photos of Osama Bin Laden and banners with pro-Al-Qaeda slogans. They also shouted their support for Ayman El-Zawahary, the Egyptian-born current leader of Al-Qaeda, who they called "the nation's wisest man". The Nasr City cell was the first major terrorist cell related to Al-Qaeda that was arrested in Egypt after the 2011 uprising. Terrorist attacks and cells have spiked in Egypt since the ouster of president Mohamed Morsi in July 2013. Police have uncovered several cells nationwide that they say are connected to militant groups like Ansar Beit Al-Maqdis. More»
Amwal Al Ghad English - 2014-10-22 09:11:23
The Egyptian government is planning to trim its budget deficit to 8 percent of gross domestic product in five years by restructuring energy subsidies, the country's finance minister said on Tuesday. "Gradual" fiscal reforms relating to taxation and controlling ineffective spending on subsidies will also push public debt down to 80-85 percent by the 2016/7 fiscal year, Hany Qadry Demian said, Al-Ahram's Arabic news website reported. In July, the government raised the price of state-subsidised fuels by as much as 78 percent in an effort to cut EGP 44 billion out of its annual energy subsidy bill, while raising the prices of commercial and household electricity. Budget deficit has grown from 8.1 percent of GDP in 2009/10 to 12.6 percent in the 2013/14 fiscal year which ended in June. The government forecasts a 10 percent deficit in 2014/15, according to the state budget. Economic growth is also slated to reach 6 percent in the "medium term" as "mega-developmental projects" and tax reform will boost economic activity, Demian said. This growth figure was cited before by Demian as the target for the 2018/19 fiscal year. The Egyptian economy slowed down following a popular uprising that led to the ouster of former president Hosni Mubarak in 2011, posting a growth rate of 2.2 percent for 2013/14. More»
Amwal Al Ghad English - 2014-10-22 08:50:27
A Cairo Court has set 1 January as the date for an appeals session for Al Jazeera English journalists sentenced to prison in Egypt on charges of working with a terrorist group, a lawyer and the network said. Three journalists of the Qatar-based Al Jazeera English news network were sentenced in June to jail terms ranging from seven to ten years for spreading false news and aiding the Muslim Brotherhood, a group now outlawed and designated a terrorist organisation by Egyptian authorities. The trio are Egyptian-Canadian and Cairo bureau chief, Mohamed Fahmy, Egyptian producer Baher Mohamed and Australian correspondent Peter Greste. Negad El-Borai, lawyer for Fahmy, said he was informed about the date of the hearing by his client's family. The lawyer said he was certain of Fahmy's innocence, slamming the ruling as a blot on the record of the Egyptian judiciary. Greste and Fahmy received seven-year sentences, while Mohamed received an additional three-year jail sentence on a separate charge of possession of weapons. The Qatar-based network has repeatedly dismissed the allegations against its staff, demanding their release. The network said at the time of the rulings that the sentencing defied "logic, sense, and any semblance of justice." Al Jazeera confirmed the date of the appeal hearing on Tuesday. It also said it would mark 300 days since the arrest of its journalists on Friday with "300 seconds of silence on-air, accompanied by images of the detainees and the campaign to release them." Egyptian President Abdel Fattah Al-Sisi said on Monday he legally cannot grant clemency for imprisoned journalists in Egypt until final verdicts in their cases are issued, stressing that he could not interfere in the work of Egypt’s "independent" judiciary." In what appeared to be an allusion to the Al Jazeera English case, El-Sisi said the ideal way to deal with violations committed by foreign journalists is deportation outside the country. The sentences have drawn a flurry of condemnation from the international community and raised alarm over the future of press freedoms in Egypt. Amal Clooney, internationally-acclaimed human rights lawyer and a member of Fahmy's defence team, said that the trial was "unfair" and slammed the convocation as "a travesty of justice." In a recent opinion article she wrote in The Huffington Post earlier this week, Clooney said there was no evidence to prove that the reporters have any links with the Brotherhood. "It is ironic that the main charge against the Al-Jazeera journalists is that they sought to tarnish Egypt's image – there is little that could tarnish it more than allowing such injustices to persist," she said More»
Amwal Al Ghad English - 2014-10-22 07:00:59
“We are not really receiving as many complaints as we used to about this issue. It ‎does come up, but it is no longer material for nagging. We are done with that,” said a ‎concerned government official answering a question on how far the West goes ‎in bringing up the record of civil liberties in Egypt.‎ ‎“Our line is clear: whatever is being addressed by the judiciary is subject to the discretion ‎of the judiciary. All alleged violations are subject ‎to due investigation and all other claims are just claims,” he added firmly.‎ The West is for the most part putting the matter on the backburner, at least for now, the ‎same official added. “The fact of the matter is very simple: when they have to choose ‎between whatever is strategic and security-related and matters related to human rights ‎complaints in Egypt, they surely go for the first,” he explained.‎ Civil society under pressure For many activists and human rights workers in Egypt, the issue of human rights and civil ‎liberties has become wracked with dilemmas.‎ ‎“We don’t want the West to intervene, because this intervention is often used by the ‎pro-state media to defame the entire movement of civil society. But we are also faced with ‎an aggressive attack on civil liberties and we are not sure how to go about confronting it,” said ‎Hanan Ahmed, a human rights worker.‎ According to Ahmed, “Activists and workers in civil society are being aggressively ‎intimidated, essentially by a set of laws like the protest law, which is being ‎contested as unconstitutional, or the draft NGOs law, whose constitutionality is also to be ‎contested." More»