amwalalghad :: Egypt News

Your English Portal To Arab Economy

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        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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 - 2014-10-19 08:59:44
Sudanese president Omer Hassan al-Bashir has agreed with his Egyptian counterpart, Abdel Fattah al-Sisi, to personally co-chair a joint ministerial committee to accelerate the implementation of agreement and projects between the two countries. During the first day of his first visit to Cairo since the fall of the Islamist president Mohamed Morsi, al-Bashir and al-Sisi held a close-door meeting followed by another meeting attended by ministerial delegations from both sides. In statements released after Saturday’s meetings; the two presidents decided to upgrade the joint ministerial cooperation committee to a presidential committee they personally co-chair, and pledged to strengthen and develop bilateral relations to serve the common interests of the two countries. “The” time has come to strengthen Egyptian-Sudanese relations in all fields,” Bashir said, while al-Sisi added “it is necessary to establish complementary relationships for the benefit of the two countries”. Sudan’s ambassador to Egypt, Abdel-Mahmood Abdel-Haleem, told the official news agency SUNA that the joint presidential cooperation committee will hold a meeting in the near future. Rights groups in the two countries issued statements reminding that Bashir is wanted by the International Criminal Court (ICC) for genocide and war crimes committed in Darfur region. Also Egyptian commentators on Saturday criticised Bashir for his recent statements reaffirming g that the disputed border area of Halaib belongs to Sudan. Abdel-Haleem further said the talks touched on the situation in Libya and Syria. But he did not mention if the two parties discussed Halaib or the Ethiopian dam project which is supported by Khartoum while Cairo demands to review its plans. However, following a meeting with his Sudanese counterpart on Saturday, the Egyptian irrigation minister Hossam Moghazi praised the role played by the Sudanese government to “melt the ice” in relations between Addis Ababa and Cairo, as he said. The three countries are expected to meet in Khartoum next November to resume discussions on the Grand Ethiopian Renaissance Dam (GERD) project. More»
Amwal Al Ghad English - 2014-10-19 08:42:40
Egypt on Saturday sent 3 tons of medicines and medical requirements to Guinea, west Africa's most affected country by the deadly Ebola virus, in a bid to help it fight the disease. Chargé d'affaires at the Egyptian embassy in the Guinean capital Conakry, Abdullah Attaleb, said the medical aid included protection eyeglasses, chlorine, special body bags, sanitized gloves and head covers. "This donation is testament to the spirit of solidarity that prevails in Egypt's relations with Guinea," Attaleb said as he handed the aid to Guinean authorities. Guinea's International Cooperation Minister Moustapha Koutoub Sanoh said Guineans were contented to see a friend [Egypt] reaching out its hands to help them in an effective manner against the deadly disease. So far, Ebola has killed 4,484 people in west Africa's most affected three countries, namely Guinea, Liberia and Sierra Leone, according to a World Health Organization report released on October 13. A tropical fever that first appeared in 1976 in Sudan and the Democratic Republic of Congo, Ebola can be transmitted to humans from wild animals. It can also spread through contact with the body fluids of infected persons or of those who have succumbed to the virus. More»
Amwal Al Ghad English - 2014-10-19 08:02:21
Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's programme to revive an economy battered by years of political turmoil. The companies are National Marine Dredging Company of the United Arab Emirates (UAE); Royal Boskalis Westminster and Van Oord, both based in the Netherlands; Jan de Nul Group and Deme Group, both of Belgium; and U.S.-based Great Lakes Dredge and Dock Company. Lieutenant General Mohab Memish, head of the Suez Canal Authority, announced the consortium at a news conference in Cairo alongside Prime Minister Ibrahim Mehleb. Egypt hopes the new canal will more than double revenues from the waterway by 2023 to $13.5 billion from $5 billion. It also plans to develop 76,000 sq km (29,000 sq miles) in the area into an international industrial and logistics hub to attract more ships and generate income. Memish did not provide financial details of the contracts but said the companies would begin working this week. The new canal is scheduled to be completed by August 2015, an ambitious target set by Sisi. More»
Amwal Al Ghad English - 2014-10-19 06:52:06
Egypt's foreign ministry issued travel warnings Saturday for seven Ebola-stricken countries, reported state news agency MENA, as the virus continues to stir fears worldwide. The countries are Guinea, Liberia, Sierra Leone, Angola, Côte d'Ivoire, Togo and Senegal. So far, Egypt remains Ebola free. According to the latest World Health Organisation figures, the virus has been found to kill 70 percent of those infected. So far, 4,500 people have died in West Africa. The first two cases of the virus appeared at the same time in Sudan and Congo in 1976. The case in Congo was near the Ebola River, from which the virus took its name. The incubation period for the disease is from two to 21 days. Patients are only infectious when they start to show symptoms. Initial symptoms include fever, muscle pain, headaches and sore throat. This is followed by vomiting, diarrhoea, rashes, symptoms of impaired kidney and liver function, and in some cases both internal and external bleeding. Testing is currently underway to develop a vaccine for the virus. More»
Amwal Al Ghad English - 2014-10-19 06:49:28
Army major general Khaled Abdel-Sallam Al-Sadr will begin his new job as secretary general of Egypt's House of Representatives – lower house of parliament – this week, becoming the first man from military ranks to hold this post. On 15 October, Egypt's transitional justice minister and the head of House of Representatives Affairs, Ibrahim Al-Heneidy surprised house staff and parliamentary reporters when he selected Al-Sadr to be the new secretary-general of the House. Al-Sadr replaced Farag Al-Dorri who reached retirement age on 30 September. Al-Dorri had been the secretary-general of Egypt's former consultative upper house (the Shura Council) since 1989. When the Shura Council was dissolved by a new constitution passed in a public referendum last January and the name of Egypt's lower house parliament changed from the People's Assembly to the House of Representatives, Al-Dorri was re-named as secretary-general of the House. The House's staff of employees hoped that Al-Dorri, 84, would be left in his position for another year largely due to his long judicial and legislative experience and high managerial skills, or that at least a senior judge with deep-rooted legislative experience would replace him. Instead, employees were surprised by Al-Heneidy taking the unprecedented step of appointing a senior army officer as the secretary-general of the House. More»
Amwal Al Ghad English - 2014-10-19 06:47:53
Two army personnel - an officer and a low-ranking officer - died on Saturday while destroying a tunnel in Egypt's North Sinai governorate, Al-Ahram’s Arabic news website reported. Two conscripts were also injured and another two conscripts are still lost in the tunnel which was discovered in Al-Barahma district on the Egyptian side of the Rafah Border crossing. The army continues to search for the missing soldiers, a source told Ahram Arabic news website. The Sinai Peninsula is known for underground tunnels that connect the desert region, from the Egyptian side to the Palestinian Gaza strip. At least 1,813 tunnels have been destroyed by Egypt's security personnel since January 2011, according to MENA. The numbers of tunnels destroyed have increased since Egypt declared an offensive into North Sinai to counter a rising Jihadist insurgency based in the area. The insurgency has left hundreds of police and army personnel dead in the last two years. The tunnels were used to smuggle food and goods to Gaza, which has been under Israeli blockade since 2007. However, according to Egypt's authorities, the tunnels were also used to smuggle weapons and militants inside Egypt. More»
Amwal Al Ghad English - 2014-10-19 06:44:44
me 52 members of eight terrorist cells have been arrested in Egypt as a crackdown on Islamists continues, the interior ministry revealed in a statement Saturday. The ministry said the cells targeted infrastructure such as railways, public transportation, and electric pylons and stations. The cells also, according to the statement, planted explosive devices in crowded areas to terrify citizens. The 52 were arrested in Giza, Minya, Daqahliya, Alexandria, Fayoum and Sharqiya governorates. The ministry has previously announced the arrest of terrorist cell members operating inside the country. Police and army personnel have been the target of militant attacks since the ouster of former president Mohamed Morsi in July 2013, increasingly after the bloody forced dispersal of pro-Morsi sit-ins last August. Over 500 police and army troops have been killed since the insurgency began. Morsi's Muslim Brotherhood, accused by authorities of orchestrating the terrorist attacks, has repeatedly denied involvement. Many of the group's supporters, however, as well as other Islamists have been arrested on violence-related accusations. Sinai's Ansar Beit Al-Maqdis has often claimed responsibility for terrorist attacks, both in the Sinai Peninsula and across the country. More»
Amwal Al Ghad English - 2014-10-19 06:41:48
A Cairo misdemeanour court sentenced on Saturday four people accused of torturing a minor in an orphanage in Cairo to five years in jail and a fine of LE1,000 each. Investigations revealed that two supervisors in the orphanage had violently beat a two-year -old child. A medical examiner report showed that the boy suffered severe injuries and a broken hand. In a recent similar case, the board of Makaa El-Mokarama orphanage was dissolved by a Giza governor due to reports of child abuse; the manager of the orphanage received a sentence of three years in jail. More»
Amwal Al Ghad English - 2014-10-18 16:36:22
The head of Egypt's Suez Canal Authority announced on Saturday the government had signed a contract with six international firms for the dredging of the new Suez Canal. The six companies, in a consortium named "Challenge Coalition", are National Marine Dredging Company NMDC.AD of the United Arab Emirates; Royal Boskalis Westminster (BOSN.AS) and Van Oord, both based in the Netherlands; Jan de Nul Group and Deme Group, both of Belgium; and U.S.-based Great Lakes Dredge and Dock Company (GLDD.O). Work on the project will begin this week, said Lieutenant General Mohab Memish, head of the Suez Canal Authority. The project is scheduled to be completed by August 2015. Memish said the Authority would be responsible for dredging one of the six zones, while the contracted firms would dredge the remaining five. More»
Amwal Al Ghad English - 2014-10-18 16:28:39
Army major general Khaled Abdel-Sallam Al-Sadr will begin his new job as secretary general of Egypt's House of Representatives – lower house of parliament – this week, becoming the first man from military ranks to hold this post. On 15 October, Egypt's transitional justice minister and the head of House of Representatives Affairs, Ibrahim Al-Heneidy surprised house staff and parliamentary reporters when he selected Al-Sadr to be the new secretary-general of the House. Al-Sadr replaced Farag Al-Dorri who reached retirement age on 30 September. Al-Dorri had been the secretary-general of Egypt's former consultative upper house (the Shura Council) since 1989. When the Shura Council was dissolved by a new constitution passed in a public referendum last January and the name of Egypt's lower house parliament changed from the People's Assembly to the House of Representatives, Al-Dorri was re-named as secretary-general of the House. The House's staff of employees hoped that Al-Dorri, 84, would be left in his position for another year largely due to his long judicial and legislative experience and high managerial skills, or that at least a senior judge with deep-rooted legislative experience would replace him. Instead, employees were surprised by Al-Heneidy taking the unprecedented step of appointing a senior army officer as the secretary-general of the House. "Al-Heneidy should have waited until parliamentary elections were held and for votes on naming a new secretary-general," said one house employee who asked not to be named. According to the executive regulations of the House of Representatives, issued in 1979, the speaker and his two deputies are entrusted with naming the House's Secretary-general, but only under approval of two thirds of deputies. "When a new parliament is formed in the first half of next year, the new speaker and his deputies will have the right to keep Al-Sadr in his position or name a new one," said a legal expert with the House. Regulations state that the secretary-general position is fully responsible for running the daily business of parliament, ranging from preparing the daily schedule of parliamentary debates, supervising the performance of 18 parliamentary committees, to managing the daily affairs of parliamentary staff and personnel. "In other words," said the legal expert, "the secretary-general acts as the executive director of the parliament and in a way that puts him in daily and close contact with all state authorities, ranging from the presidency, to the cabinet to the ministries of interior and defence." Informed house sources said Al-Sadr has good judicial background, with experience working with military courts and intelligence. The army has been in charge of guarding the Egyptian parliament building since 28 January 2011 when police forces crumbled in the face of protests against the regime of Hosni Mubarak. Al-Sadr is expected to meet with house staff amid hopes that a secretary-general with military background will bring discipline. Parliamentary staff say they suffered when the Muslim Brotherhood took parliament for six months (January-June 2012). One employee said they "seized their majority in parliament to take over the secretariat-general, turning it into something like a Brotherhood office.” Under the autocratic regime of Hosni Mubarak, Sami Mahran, a former judge, had been the longest-serving parliamentary secretary-general, retaining his post from 1985 to 2012. Mahran resigned from his post in October, 2012, after he was referred to trial on charges of illegally profiteering from his job. In April 2013, Mahran was sentenced to three years in jail and was ordered to repay EGP 17 million in illegal profits he had secured from his long-time position. Mahran fled Egypt just one month before the Giza Criminal Court found him guilty of abuse of power and illegal profiteering. Despite parliament being under Muslim Brotherhood control in the first half of 2012, Mahran continued to serve as secretary-general. Brotherhood speaker Saad Al-Katatni left him in his post although Mahran was branded as one of the loyalists to Hosni Mubarak's defunct ruling National Democratic Party (NDP). More»