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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        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        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        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

Ahmed El Demerdash - 2016-07-25 13:55:47
Egyptian Holding Company for Airports and Air Navigation (EHCAAN) is coordinating with a sovereign authority to launch Cairo Airport City project before the end of 2016. A source with knowledge of the matter told Amwal Al Ghad Monday that the total investment cost of the project is estimated at more than US$17 billion. The source added that EHCAAN is currently finishing the final agreement with a number of contracting firms through the sovereign authority in order to start executing the project soon. The Airport City project is set to include a new trade free zone, cargo village, factories belonging to the civil aviation for packaging and food terminals. In addition, it will encompass an entertainment area, administrative offices, hotels and hospital. More»
Amwal Al Ghad English - 2016-07-25 07:50:44
Debris from EgyptAir flight 804, which crashed into the Mediterranean Sea in May, washed up on Israel’s coast for the second time in less than a month, Israeli media reported. The debris, including apparently part of the plane's tail, appeared on the shore of the coastal town of Haifa, local Channel 2 television news said. Police officers in Haifa contacted the foreign ministry, which will hand over the fragments of the plane to Egypt. More»
Amwal Al Ghad English - 2016-07-24 13:31:58
Egyptian Foreign Minister Sameh Shoukry has said that his country is working to counter "foreign plots" directed at Arab countries. "Egypt is seeking to remedy what has been perpetrated against us by foreign forces that have carried out plots, starting with Iraq--as reports in recent days show--that have weakened the state…and opened the door for extremist groups," Shoukry told a ministerial gathering of the Arab League on Saturday. Shoukry was apparently alluding to the report recently issued by the Iraq Inquiry, an official British investigation into the country's role in the 2003 US-led Iraq War. He said such foreign powers "seek to expand their influence at the expense of the principles of sovereignty and territorial integrity of Arab countries. More»
Amwal Al Ghad English - 2016-07-24 08:35:26
In his speech at the Republican National Convention (RNC) on Friday, presidential candidate Donald Trump said that his opposing candidate from the Democratic Party, Hillary Clinton, is the reason behind the problems currently facing the Middle East region, claiming that the “pre-Hilary era was free from the Islamic State”. Trump accused Clinton of making the world a less stable place, pointing out that Egypt, Libya, Syria, and Iraq were safer and enjoyed more peace before she was appointed secretary of state by US president Barack Obama. Trump also claimed that Obama regrets his decision to place Clinton in charge of foreign policy. He further added that four years following Clinton, the Islamic State has spread widely across the region and the entire world, and the current situation in the Middle East is worse than ever before. During his speech, Trump said: “Libya is in ruins, and our ambassador and his staff were left helpless to die at the hands of savage killers. Egypt was turned over to the radical Muslim Brotherhood, forcing the military to retake control. Iraq is in chaos. Iran is on the path to nuclear weapons. Syria is engulfed in a civil war and a refugee crisis that now threatens the West.” More»
Amwal Al Ghad English - 2016-07-24 08:12:04
Egypt’s current crisis of low foreign currency reserves requires that the banking sector has direct access to foreign cash flows via the stock market, as transactions in the stock market aim to achieve trading in shares and in currency, said Egyptian Financial Supervisory Authority (EFSA) chairperson Sherif Samy. The financial controls set by the EFSA on Egyptian Depository Receipts (EDR) oblige owners of EDR to obtain returns in Egyptian pounds when converting them into shares and selling them abroad, Samy told Daily News Egypt. EDR are equal to Global Depository Receipts (GDR), which transfer the proceeds of sale to Egypt via depository company accounts and via the central registry at any international custodian. The EFSA did not monitor intensive transfers of EDR for the purpose of selling them, however, everyone knows the extent of the US dollar crisis in the local market, Samy said. This crisis requires transferring the output of any transactions carried out through the EGX to the banking sector, especially if the investor paid in Egyptian pounds and not in US dollars. EDR are shares traded in foreign stock exchanges. They are inserted into the EGX as GDR issued by Egyptian shares and traded on the London Stock Exchange. EDR give investors the right to locally buy certificates in Egyptian pounds, convert them into shares in another country, and then sell them abroad in the currency of that country. Samy explained that the EFSA does not deal with EDR as a way to extract funds from the local market, but the current circumstances have required the authority to make these amendments. Imposing financial controls on the outcome of GDR and EDR has put restrictions on Egyptian investors. Samy commented on this, saying that the Egyptian economy’s current situation requires these financial controls and that investors can sell their shares with the same currency with which they bought the receipts. The EFSA did not reconsider the controls on GDR, which stipulate that investors receive sale proceeds in Egyptian pounds, the chairperson said. More»
Amwal Al Ghad English - 2016-07-24 07:47:01
Egypt has refused EU demands to lift the import restrictions that were set in motion by the Egyptian government in March. “The European Union has held some meetings with the World Trade Organisation (WTO) to discuss the negative results of the new restrictions as they restrict trade between the two parties,” James Moran, EU ambassador to Egypt, told Daily News Egypt on Saturday. In December 2015, Minister of Industry and Foreign Trade Tarek Kabil issued a decree that was published in Egypt’s official gazette Al-Waqa’ia Al-Masriya that said only foreign factories registered in the record of the General Organisation for Export and Import Control (GOEIC) will be allowed to export to Egypt. This was put into effect in March 2016. “We held different meetings with Egypt’s Ministry of Industry and Foreign Trade in an effort to convince the Egyptian side to cancel these restrictions. The new measures will negatively affect not only foreign investments, but also the European exporters and the Egyptian importers,” Moran said. More»
Amwal Al Ghad English - 2016-07-24 07:31:07
Egypt strongly condemned Friday a terrorist attack in Germany's Munich that left at least nine dead, a foreign affairs ministry statement read. Nine people were killed and 16 wounded in a shooting rampage by a teenage gunman at a Munich shopping centre Friday. Investigators found the body of the suspected shooter, who appears to have acted alone and then killed himself. The motives behind the attack are still unknown. More»
Amwal Al Ghad English - 2016-07-23 13:33:56
The European Union hopes the Egyptian government will cancel new regulations on imports that have created an unnecessary barrier to trade, its ambassador to Egypt James Moran in an interview with Bloomberg on Thursday. New measures requiring the registration of factories that export to Egypt add uncertainty for foreign investors, will make it harder for Egyptian companies to sell to the European market and lack transparency, European Union Ambassador James Moran said in an interview in Cairo. The EU, Egypt and other parties have been involved in talks over the issue, he said. The next step would mean going to the World Trade Organization’s dispute panel, which is a long, heavy and complicated process,” Moran said. “We very much hope to solve this between us in the meantime, but if this does go on further for an extended period of time, I imagine all options have to be considered because it is hurting businesses and the trade flow between us,” he said. Opposition to new import regulations, issued in December last year and applied in March, complicates Egypt’s efforts to spur growth through foreign investment and end the worst foreign currency shortage in more than a decade. The new rule would allow the government to limit imports through selective registration and thereby save dwindling foreign currency. Central bank Governor Tarek Amer said in January that rules to curb what he described as unnecessary imports may save about $20 billion this year. Imports fell to $18 billion in the first four months of 2016 from $22.5 billion in the same period last year, Trade Minister Tareq Qabil said last month. “I think when the results of all this are better known, maybe towards the end of the year or before that, perhaps they will realize they were misguided,” Moran said. “This isn’t the way to solve shortage of foreign exchange.” More»
Amwal Al Ghad English - 2016-07-23 09:08:10
Evidence gathered in an investigation into the crash of EgyptAir Flight 804 in the Mediterranean Sea in May showed that the plane likely broke up in midair after a fire near or inside the cockpit that quickly overwhelmed the crew, according to Egyptian officials involved in the inquiry, the New York Times reported on Friday. But the officials could not determine whether the fire thought to have caused the crash had been set off by a mechanical malfunction or by a malicious act, the report said. The findings are based on information from the Airbus A320's flight data recorder and cockpit voice recorder along with an analysis of the condition and distribution of recovered debris, including human remains, according to forensic and aviation officials in Cairo, the report said. The officials spoke this week on the condition of anonymity because they were not authorized to discuss the investigation publicly, the New York Times said. The Airbus A320 from Paris to Cairo plunged into the eastern Mediterranean on May 19 and all 66 people on board were killed. More»
Amwal Al Ghad English - 2016-07-23 09:00:33
A British committee of five aviation experts concluded its inspection of security procedures at Cairo International Airport on Friday, noting in preliminary comments that they had "no reservations" about the present level of security at the airport. The committee, which began its work Monday, observed security measures for British Airways flight 154 and EgyptAir flight 777 that fly to Heathrow Airport in London, studying airport  terminals to the flights' boarding processes. The committee noted the improvement of security and the implementation of international standards for baggage supervision and for securing containers and parcels, Ahram Arabic website reported. “The committee did not give any reservations on the security performance at Cairo airport, which will be included in its final report which will be submitted to high-level UK officials,” airport officials said in press statements, according to Aswat Masriya. More»