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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

Amwal Al Ghad English - 2015-08-18 07:20:10
A roundtable will be held Tuesday at the international business center of the Smart Village with member states of the North American Free Trade Agreement (NAFTA). The meeting is organized by Global Trade Matters (GTM) with the aim to explore new opportunities for developing economic relations between Egypt and the three countries of NAFTA, namely Canada, Mexico and the US. It is meant to encourage dialogue between the private sectors in Egypt and the NAFTA countries, according to a GTM statement. This will be the first meeting to group all parties concerned with boosting trade relations between Egypt and the NAFTA countries. (MENA) The North American Free Trade Agreement (NAFTA) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral rules-based trade bloc in North America. The agreement came into force on January 1, 1994. It superseded the Canada–United States Free Trade Agreement between the U.S. and Canada. More»
Amwal Al Ghad English - 2015-08-17 13:28:40
The unemployment rate in Egypt dropped in the second quarter of 2015 to 12.7 percent, moving down from 12.8 percent in the first quarter, the statistics agency revealed Monday. This means that 3.5 million of Egypt's 27.8 million on the workforce were unemployed during the reporting period which ran from April to June, a statement by the Central Agency for Public Mobilization and Statistics said. The workforce itselft has grown by 0.2 percent or 66,000 people, compared to the first three months of 2015. The current unemployment rate is notably lower than it was for the same quarter of the previous year, when unemployment affected 13.3 percent of the workforce. The number of people unemployed at the time was 141,000 more than the 3.5 million reported on Monday. More»
Amwal Al Ghad English - 2015-08-17 12:58:12
China's sudden devaluation of Yuan will probably affect the Egyptian economy negatively if the value of Egyptian pound remains steady, financial expert Mohamed Reda said Sunday. He stated that if Egyptian pound's value remained with no change, the competitiveness of the Egyptian exports will shrink in comparison with imports which are expected to grow significantly amid the decline in the prices of Chinese products to penetrate the Egyptian market with cheap prices. As a result, the demand for the locally-produced products will be decreased leading to an increase in unemployment rates and a decline in growth rates. More»
Amwal Al Ghad English - 2015-08-17 10:18:53
Egyptian President Abdel-Fattah El-Sisi's mother, Soad Mohamed, died Monday morning, a government source told Al-Ahram’s Arabic website. She will be buried on Monday and a funeral service will be held at Cairo's Mushir Tantawi Mosque, the source stated. More»
Amwal Al Ghad English - 2015-08-17 08:31:54
The Egyptian Center for Women’s Rights (ECWR) launched the “Women’s Voice” campaign to encourage women’s political participation, ahead of expected parliamentary and local municipality elections. The programme, in partnership with UN Women, aims at raising awareness and encouraging women to participate in political life, whether by presenting themselves as candidates or by voting. The programme targets 1,000 potential female candidates and should divide them into small community circles, to be able to provide them with needed assistance. Minister of Social Solidarity Ghada Wali participated in the conference, and noted: “We must remember that Egypt failed to achieve millennium goals in women empowerment, and that the issue has become pressing despite the unstable situations of Middle East and Arab countries.” Wali continued saying that at least 76% of female high school graduates do not work, 46% of college graduates do not work, while only 16% of Egyptian women have stable jobs. “Egypt ranks 131 out of 142 in terms of women’s freedom and empowerment, which is catastrophic,” Wali said. “Women’s voices must be heard during the making of the legislations, and that will only come through their political participation.” Parliamentary elections are soon to be announced, and President Abdel Fattah Al-Sisi will appoint 27 of its members, promising that half of those will be women, according to the state-affiliated National Council for Women (NCW). More»
Amwal Al Ghad English - 2015-08-17 08:24:22
Dar Al-Ifta’s Fatwa Monitoring Observatory said Sunday that “terrorist organisations” have established fake media outlets in the West to “spread lies and rumours that target the reputation of Egypt”. The observatory added that it has reviewed some “flawed” reports from “the British website Middle East Eye, which all [Muslim] Brotherhood supporting websites cite”. “It is clear, after a close monitoring of what is being published in Middle East Eye, that it supports terrorist organisations, where it publishes flawed reports in the West to draw an authoritarian image of the Egyptian regime, contrary to reality,” the observatory said. It added that websites supportive of the Muslim Brotherhood report news from the British website “to increase terrorist operations in Egypt and to deceive Egyptians”. “About the security situation in Egypt and after news of the death of the Croatian hostage [Tomislav Salopek]”, the observatory said that Middle East Eye concluded “the abduction of foreigners in Egypt will affect foreign investment, and will affect the already weak Egyptian economy”. Further, the observatory accused the Middle East Eye of “hinting that the Egyptian government had failed to fulfil their promises to eliminate terrorism”. The website’s coverage includes MENA countries, with a focus on political and social issues. Requests to the editorial board of Middle East Eye to comment on the issue received no reply. More»
Amwal Al Ghad English - 2015-08-17 08:21:39
The Cairo Criminal Court revealed Saturday details of its verdict handed to Mubarak-era prime minister Ahmed Nazif, outlining the illicit gains he received while working for the government. On 22 July, the court handed Nazif five years imprisonment, whilst also sentencing him to an EGP 53.3m fine. He was also ordered to pay back EGP 48.6m to the Egyptian government for the illegal profiteering charges he was accused of whilst in his official roles. The punishments in last Wednesday’s retrial are significantly more severe than in previous verdicts for the case. In September 2012, the court gave Nazif a three-year prison sentence and an EGP 4.5m fine. Also included in the charges were his wife Mona Abdel Fattah, and sons Sharif and Khalid. It is understood that Nazif can appeal Wednesday’s verdict. More»
Amwal Al Ghad English - 2015-08-17 08:10:31
The UK has updated its travel advisory for Egypt on Saturday, cautioning its citizens against "all but essential travel" to the areas west of the Nile Valley and Nile Delta. This area extends to Egypt's borders with Libya. On Thursday, Egypt's army spokesman said a military aircraft crashed near the border with Libya due to a "technical failure", leaving four crew members dead. This came during a joint air and ground anti-terror mission southeast of the Siwa oasis. Meanwhile, the UK's Foreign and Commonwealth Office (FCO) maintained its previous advisories concerning Egypt. The FCO warns against all travel to North Sinai due to the “significant increase in criminal activity and continued terrorist attacks.” It recommends "essential travel only" to South Sinai, except areas of "Sharm El-Maya, Hadaba, Naama Bay, Sharks Bay, and Nabq," which are located in the Sharm El-Sheikh perimeter barrier. The FCO did not warn against travel to tourist areas along the Nile River like Luxor, Qina, Aswan, Abu Simbel, and the Valley of the Kings, or the Red Sea resorts of Sharm El-Sheikh and Hurghada. It said Egyptian authorities ensure "enhanced security measures" in the Red Sea resorts. More»
Amwal Al Ghad English - 2015-08-17 08:05:15
An unknown militant group, calling itself ‘Tahrir Brigades’, claimed responsibility for the assassination of Prosecutor General Hisham Barakat in June, in a video showing only rolling text. The video, which shows only text and some logos, contains the voice of a man reading a statement. The video argued that the group’s members, who claim they are members of the armed forces, “are fed up with the corruption of the military leaders and will not be silent about it”. “We will not allow the honour of the military to be insulted,” it added. They described Barakat’s assassination as the first of its actions, but vowed it will not be the last. The post is the first on the group’s newly established YouTube channel. There are no earlier activities or statements known from ‘Tahrir Brigades’. The authenticity of the post and claim has not been confirmed. Barakat’s assassination was the first successful attempt to kill a top-level state official in Egypt since the 1990s. Barakat died due to injuries sustained in an attack that targeted his motorcade. The attack occurred one day before the second anniversary of the 30 June popular uprising, that eventually led to the ouster of former president Mohamed Morsi and the Muslim Brotherhood government in 2013. More»
Amwal Al Ghad English - 2015-08-17 08:02:24
President Abdel Fattah Al-Sisi gave a speech Sunday addressing a number of local issues, in a meeting with army forces and public figures. Al-Sisi spoke about the situation in Sinai, reaffirming the army’s role in combating the current insurgency, and announcing that the armed forces will take a leading role in building new cities in North Sinai. A surge in militancy in North Sinai has been seen since the ouster of former president Mohamed Morsi in July 2013. “State of Sinai”, formally known as Ansar Beit Al-Maqdis, claimed responsibility for almost all the attacks taking place in the area. The president also spoke about the much-awaited third pillar of the 2013 roadmap; the parliamentary elections. He affirmed that the elections will take place before the end of the current year. He also ordered the country’s security forces to protect the voters and the whole election process. Further, he addressed the public, saying that the government is planning to reform the administrative apparatus, without affecting employees’ financial interests. He added that the recent New Suez Canal opening was something “its builders can be proud of”. More»