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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        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 - 2014-09-01 07:49:20
Egypt's oil ministry said on Sunday the United Arab Emirates would provide "about $9 billion" worth of petroleum products to Egypt over the next year in deal to come into effect Monday. Egypt has struggled to curb its swelling budget deficit and meet its soaring energy demands, which have resulted in daily electricity cuts around the country of 86 million people. Oil-producing Gulf countries have come to Egypt's aid since the army, prompted by mass protests, ousted Islamist President Mohamed Mursi last year. An Egyptian official told Reuters earlier on Sunday that the UAE would provide Egypt with petroleum products worth $8.7 billion over a one-year period starting in September. The official told Reuters that the first shipment of petroleum would be sent next week. More»
Amwal Al Ghad English - 2014-09-01 07:26:24
Egypt's Ministry of Solidarity extended on Sunday a deadline for NGOs to register their existence with the ministry or else face legal investigation, a statement by the National Human Rights Council read. The ultimatum, announced in July in state-owned daily Al-Ahram, urged “unlicensed” civil society “entities” to adjust their legal status in accordance with the law within 45 days. Failure to comply would leave organisations subject to investigation and possibly penalties including but not limited to dissolution. National Human Rights Council member Hafez Abu Saada told Ahram Online the extension moves the deadline forward another 45 days, starting on 2 September. He described the extension as "unsuitable", as it works within the current law -- law 84 of 2002 – which both the government and civil society organisations have previously agreed to be "invalid” because it gives broad power and authority to government bodies to interfere in the work of civil society organisations. Abu Saada said that during that following the extension decision, the human rights council issued a statement calling on President Abdel-Fattah El-Sisi, who in the absence of a sitting parliament holds legislative and executive powers, to reverse the decision. More»
Amwal Al Ghad English - 2014-09-01 07:34:56
Planning Minister Ashraf El-Arabi said that good planning is the foundation for the success of any economic plans targeting the achievement of growth rates, supplying job opportunities, and social justice. El-Arabi added, in a meeting with university students to discuss the student regulation, that planning starts with a dream that reflects the aspirations of all society's segments, and that Egypt does not lack plans but prioritizations. Egypt has a lot of challenges; no matter how varied the resources it will remain powerless in the face of needs which changes and alters by time, said El-Arabi. El-Arabi said that in order to overcome these challenges, priorities must be identified and plan implementation must be done correctly to get satisfactory results. More»
Amwal Al Ghad English - 2014-08-31 07:19:03
Egyptian rulers gamble when they think that they can manipulate the national identity to serve their political goals. Each ruler has his own perception of the Egyptian identity that he wants to impose on society either through expressing love or by applying harsh laws that aim at fine-tuning citizens to fit into a specific identity. Such efforts will certainly never succeed, because rulers cannot formulate identity. Identity is a term that can have different meanings. This piece, however, refers to the modern formulation of identity that is made up of dignity, pride and honor; and I am attempting to address the question: do Egyptians, generally, acknowledge their identity on the basis of these qualities? Prior to thinking about identity, let’s identify the Egyptian cultural values that formulate our identity. I personally found it difficult to identify those values! Individual Egyptians will most likely give different answers to the question; who are we? What kinds of values distinguish us from the rest of the world? Through my observations, I personally notice that Egyptians highly respect the role of family that religion is an essential part of their lives, and that privacy is a very important Egyptian trait. More»
Amwal Al Ghad English - 2014-08-31 06:49:52
Minister of International Cooperation Naglaa el-Ahwani said that 60% of the ministry’s agreements with the development partners include grants and funding for power plants to settle the energy crisis. The Minister pointed out that the World Bank is funding several projects of power generation at nearly USD 1.5 billion to be implemented before end of next year. This came during the Minister’s signature of two agreements with the World Bank to fund Egyptian projects. The first agreement stipulates that WB's MENA transition fund would provide USD 4 million to the Egyptian Financial Supervisory Authority to launch micro-finance projects. The second agreement envisages that the WB would provide $8 million to the Egyptian Environmental Affairs Agency to finance a project of management of persistent organic pollutants. More»
Amwal Al Ghad English - 2014-08-31 06:47:14
Assistant Foreign Minister for African Affairs Ambassador Sabri Magdi held talks on Friday with Principal Secretary at the Kenyan Foreign Ministry Karanja Kibicho on ways to boost bilateral ties. They called for studying all agreements and memorandums that both countries are expected to sign during meetings of the higher joint committee. They discussed preparations for an Egypt-Kenya business forum that will be held on the sidelines of the committee meeting. More»
Amwal Al Ghad English - 2014-08-31 06:37:21
Egypt will issue government certificates to finance the Suez Canal project on Monday, state media said, as the country aims to expand trade along what is the fastest shipping route between Europe and Asia. The project includes the development of 76,000 sq km (29,000 sq miles) around the canal into an international industrial and logistics hub to attract more ships and generate income. Officials have said the new canal would boost annual revenues to $13.5 billion by 2023 from $5 billion currently, a vital source of hard currency for a country that has suffered a slump in tourism and foreign investment since the 2011 uprising. The five-year investment certificates have a 12 percent interest rate and pay quarterly dividends and will come in 10, 100 and 1,000 Egyptian pound ($1.40-$140) denominations, MENA said. National Bank of Egypt, Banque Misr, Banque Du Caire, and Suez Canal Bank will issue the certificates, MENA said. The banks will also issue certificates in U.S. dollars with a 5.3 percent interest rate and quarterly dividends, the agency added in 1,000 dollar denominations. Egypt's Central Bank governor Hisham Ramez will hold a press conference on Monday to announce the procedures for the issuance of the certificates and the laws governing them, the agency said. More»
Amwal Al Ghad English - 2014-08-31 06:31:21
The Ministry of Finance has renewed 42,300 taxis over three stages of funding, with ministry sources saying that 1020 taxis were replaced and renewed during the 2013/2014 fiscal year. A finance ministry official added the ministry is able to complete the renewal process for the taxis, with the first stage of the project starting six years ago. The third and final stage remains ongoing. The National Bank of Egypt, Alex Bank, Banque Misr, and Nasser Social Bank helped fund the taxi project. The Finance Ministry hopes to replace and renew 1,600 taxis by the end of FY 2014/2015 through EGP 24m in funding. The sources said that the finance ministry scrapping such a large number of vehicles over the first three phases of the project formed a significant challenge due to various ministry changes. Challenges also occurred due to the difficult conditions after the 25 January Revolution. This comes alongside banks’ reluctance to provide financing due to strict conditions set for drivers in the project’s third phase requiring a guarantor for each driver to avoid payment difficulties. ‘White taxi’ drivers have requested time for the recommendations of the Ministry of Justice committee, formed in December by the cabinet, be implemented stipulating a re-evaluation of prices for older ‘black taxis’. The Finance Ministry refused to meet these requests after incurring expenses of EGP 1.5bn paid from the State Treasury for the benefit of drivers. More»
Amwal Al Ghad English - 2014-08-31 06:26:30
Secretary of State John Kerry told his Egyptian counterpart on Friday that the United States intends to make good on its promise to deliver 10 Apache helicopters to help Cairo's counterterrorism efforts.Kerry announced in June that he was "confident" Egypt would receive the helicopter gunships soon, and reiterated that in his phone call to Foreign Minister Sameh Shoukry, a senior State Department official said."Secretary Kerry informed Shoukry that the United States intends to move forward on deliveries of Apache helicopters to the Egyptian military, which we believe are a critical tool that will help the Egyptian government in its counterterrorism efforts," the official said.Kerry made the call as part of the ongoing discussions on the Gaza ceasefire, the fight against Islamic State jihadists in Iraq and Syria, and regional counterterrorism efforts, the official added."The secretary reaffirmed the United States' support for the helpful role that Egypt played in reaching the ceasefire in Gaza. He also discussed Egypt's efforts in countering threats from extremist groups, particularly in the Sinai," he added.Each year the United States allocates $1.5 billion in aid to Egypt, including $1.3 billion in military assistance.This was frozen in October last year on condition that democratic reforms be enacted after the July 2013 military-led overthrow of Islamist elected president Mohamed Morsi and a vicious crackdown on his followers.Washington said in April it planned to resume some of the annual aid for counterterrorism efforts in the Sinai Peninsula. More»
Amwal Al Ghad English - 2014-08-31 06:21:02
The Egyptian interior ministry announced Saturday that two men had been arrested on suspicion of involvement with a new Cairo militant group, reported Al-Ahram Arabic website. The two arrested men had a pellet gun and ammunition, according to police. The self-proclaimed militant group Kataeb Helwan, or the Helwan Brigades -- after the south Cairo district – made its first appearance in a video published and circulated on social media networks in which they vowed to target all police facilities in south Cairo. The video, released on 14 August, showed 12 masked men holding rifles, with some making a four-fingered gesture known as the Rabaa sign, associated with the dispersal of a major protest camp of supporters of the Muslim Brotherhood on 14 August 2013. The police have claimed that the militant group are linked to the Muslim Brotherhood and that the video had been filmed by a female journalist working for RASSD news network, known for its Brotherhood affiliation. Dozens of people have been arrested on charges of belonging to the group since the video was circulated. On Wednesday, police also alleged that the mastermind of the group is the son-in-law of leading Brotherhood figure Khairat El-Shater. A wave of militant attacks, mostly targeting security forces, has swept Egypt since the ouster of president Mohamed Morsi last summer. A radical Islamist group known as Ansar Beit Al-Maqdis (Soldiers of Jerusalem) has claimed responsibility for several major attacks. More»