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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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        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        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 - 2014-11-09 07:11:41
Zagazig Criminal Court sentenced Saturday ousted president Mohamed Morsi's nephew Mohamed Said to life in prison for attempting to murder a fellow student in Zagazig University. Three others were also sentenced to life in prison along with Said on the same charge. Prosecution investigations established that the incident took place in December 2013, when a number of pro-Morsi students organised a protest inside the campus of Zagazig University in Sharqiya governorate. Student Mohamed Fathy Abo El-Ella, a Morsi opponent, expressed his displeasure at the disruption of classes. His complaint was met with physical attacks by some pro-Morsi protesters, prosecution investigations revealed. Morsi was ousted 3 July 2013 amid three-day mass protests. Following his ouster, student protests erupted in a number of universities nationwide, demanding his release and reinstatement. Hundreds of students have since been arrested for violating a protest law passed in November 2013 that stipulates that interior ministry permission is required for any protest. More»
Amwal Al Ghad English - 2014-11-09 07:03:21
The international organisation of the Muslim Brotherhood issued orders to gather funding for elements in Egypt to execute acts of sabotage, the interior ministry said on Saturday. The national security sector discovered that the plan was to generate the needed money from alms committees that are controlled by Brotherhood elements, explained Hany Abdel-Latif, the ministry's spokesman. He said – in a statement on the ministry's Facebook page – that Brotherhood members in charge of the alms committee in Al-Rahman Mosque in the rundown Giza district of Boulak Al-Dakrour were acting according to the plan. Bahgat Ezzat, a science professor at Cairo University, and the head of the general assembly of the alms committee were seeking to embezzle the received donations and use the money to stir chaos in the country. The plan was to call on citizens to protest, the ministry says, while most of the money will be spent to disrupt Cairo University, which like many other universities nationwide has witnessed ongoing student protests against the government. More»
Amwal Al Ghad English - 2014-11-09 06:59:30
Egypt on Saturday announced the arrest of a US-Egyptian citizen accused of having posted on jihadist websites a threat to attack American and other international schools in the region. At the end of October, US embassies in the Gulf states of Saudi Arabia, Kuwait, Oman and the United Arab Emirates, as well as the mission in Egypt, called for vigilance over a threat to American schools there. Egypt's interior ministry, in a statement on its official Facebook page, said Alsayyed Abu Saree, 60, was behind the threats and had been arrested, although it did not say when. The suspect "posted a call through jihadist websites for attacks targeting government and foreign interests... including against foreign teachers at American and international schools in the country", it said. Interior ministry spokesman Hani Abdel Latif told AFP the suspect was arrested in the Mediterranean city of Alexandria, and that he holds both US and Egyptian citizenship. More»
Amwal Al Ghad English - 2014-11-08 16:50:44
President Abdel Fattah Al-Sisi hosted Greek Prime Minister Antonis Samaras and Cypriot President Nicos Anastasiades for a tripartite summit discussing ways of deepening cooperation. Al-Sisi described the summit as marking a “new phase of trilateral cooperation, which began over a year ago”. Both visiting leaders, whose countries are European Union (EU) members, said they would act as an “ambassador” for Egypt within the EU. Samaras expressed to Al-Sisi that he looks forward to further cooperation “in international forums, particularly in the framework of the EU, to explain Egyptian positions”. Al-Sisi met with both Samaras and Anastasiades separately before the tripartite summit to discuss bilateral relations, in the presence of Minister of Foreign Affairs Sameh Shoukry, Industry and Foreign Trade Minister Mounir Fakhry Abdel Nour, and Petroleum Minister Sherif Ismail, said a Saturday presidential statement. Anastasiades and Al-Sisi discussed ways to deepen cooperation, especially in the field of natural gas. The pair explored “the possibility of using the infrastructure and the Egyptian industry eligible to receive gas”. The gas reserves in the eastern Mediterranean have seen Cyprus begin to pursue agreements on nautical boundaries with both Egypt and Israel. In the lead up to the summit the three nations called on Turkey to stop attempts to chart gas deposits in areas claimed by Cyprus. Turkey does not recognise Cyprus as part of the island’s Greek-Turkish ethnic divide. Turkey has occupied the northern half of the island since 1974. Cyprus has repeatedly complained to EU institutions about the ongoing Turkish presence on the island. The maritime border around the Mediterranean island has also been a major point of contention between Cyprus and Turkey. Anastasiades stressed that the cooperation between Egypt, Greece, and Cyprus is “not directed against” any nation in particular, and condemned “Turkish provocations” in the region, a topic the three leaders discussed during the summit. Egypt’s relations with Turkey are also fragile, with both countries downgrading their diplomatic presence in each other’s capitals earlier this year. Turkish President Recep Tayyip Erdogan has been consistently critical of the Egyptian government since the ouster of Mohamed Morsi in July 2013. The meeting of the three head of states in Cairo also involved discussions of regional issues including the situation in Libya, which also has a lengthy Mediterranean coastline. Anastasiades and Samaras praised Egypt’s efforts to combat terrorism, and the Cypriot president stressed the “need for stability in Egypt to be able to address regional challenges, especially terrorism”. Al-Sisi and Samaras focussed on economic cooperation, with Al-Sisi looking to Greece’s experience in tackling economic hardship. Al-Sisi invited Samaras to invest in Egypt and to participate in the economic conference scheduled for February 2015. More»
Moustafa Adel - 2014-11-08 13:21:48
Egypt decides to postpone its major economic summit until mid-March 2015, the country’s finance minister Hany Qadry announced on Saturday. The decision comes due to the fact that the Chinese New Year, also known as the Spring Festival, occurs during the month of February and celebrated among a number of major East Asia countries. This would have resulted in witnessing limited participation in the upcoming summit. East Asia countries stand on the top of nations targeted by Egypt to carry out giant projects in Suez Canal development project. Egypt’s upcoming economic conference aims at encouraging international investments in the country. During the summit, Egypt's government will present more than 15 mega-projects worth $100 billion to investors flying in from almost all parts of the world. Egypt’s economy has struggled through years of stalled tourism flow, a decrease in local and foreign investments, and foreign companies’ suspending oil production. The downturn has thrust the country into the worst energy crisis it has faced in years. The summit, to take place on mid-March, will host international companies and organisations, to encourage them to invest in the country. More»
Amwal Al Ghad English - 2014-11-08 10:09:18
Egyptian Metro announced through its internal radio Saturday that all first-line trains that travel from Marg to Helwan will not be stopping in Saray Al-Qobba station in east Cairo for the day. Ali Fadali, head of the Egyptian Company for Metro Management and Operations, said that the closing of the station followed instructions by the interior ministry citing security reasons. Fadali said the station might resume work again by the end of the day. More»
Amwal Al Ghad English - 2014-11-08 10:13:31
Egypt is interested in enhancing its cooperation with Russia and plans to purchase modern Russian-made military equipment, the country's former Minister of Foreign Affairs, Nabil Fahmy told Rossiya Segodnya International Information Agency Friday. "We deeply respect Russia and value our cooperation. Yes, we have agreed on developing our military cooperation as well and it is already developing. I will not go into the details, but will say that Egypt will purchase the most modern military equipment from Russia," Fahmy said. According to the former foreign minister, Moscow and Cairo are working to intensify bilateral cooperation in three main spheres – political, military and economic. "We believe that Russia is an important state. Egypt needs international ties. Not only for substituting America with Russia or vice versa. But in order to benefit from cooperation with everyone," Fahmy explained. Fahmy noted that Russia and Egypt have a common outlook on many international issues. "For example, Russia and Egypt stood together for the preservation of the territorial integrity of Syria and against conducting military strikes in this country," Fahmy said, adding that Moscow and Cairo both understand the seriousness of regional terrorism and extremism threats. In August, Egyptian President Abdel Fattah Sisi visited Russia for talks with Russian President Vladimir Putin. According to the Egyptian Ambassador to Russia, the topics discussed by the two presidents included the creation of a free-trade zone between Egypt and countries of the Customs Union of Belarus, Kazakhstan, and Russia, the possibility of creating a Russian industrial area in Egypt and joint counterterrorism measures. More»
Amwal Al Ghad English - 2014-11-08 10:10:29
Mohamed El-Baradei, the former vice president of Egypt, has said that the key to a solution in Egypt is the establishment of a government that accommodates everyone and is based upon respect for the rule of law, Egypt's Al-Mesryoon newspaper reported on Thursday. El-Baradei then added, "We still have a long way to go to realise this government." Speaking in New York, Al-Mesryoon reported that El-Baradei called on the Egyptian people to reconcile and agree upon common values, saying it is possible to have a constitution with a religious touch and another with a military touch, but what Egypt really needs is a consensual constitution. El-Baradei also noted that after 50 years of oppression in Egypt: "There is no foundation to build upon, because without any established political parties, human rights organisations and the real participation of the people in their country's affairs, the ship will inevitably sink, and this is what I see now. We must either succeed together or fail divided." He added that the people cannot engage in their country's affairs without an active civil society: "Some advocates of civil society are now on trial on charges of spreading democracy and freedom; we still have a long way to go. There is no vision. We must abandon the policy of landslide victory and adopt policies that accommodate everyone, or else, we will fall into the abyss." More»
Amwal Al Ghad English - 2014-11-08 09:30:19
Egypt will host the third summit of the tripartite talks to establish a free trade zone grouping all of the Common Market for Eastern and Southern Africa (COMESA), SADC and EAC with the participation of 26 African presidents. President Abdel Fattah al-Sisi will preside over the summit to consider the establishment of a free trade zone grouping all of COMESA, East African Community (EAC), and the Southern African Development Community (SADC), said Mounir Fakhri Abdel Nour. In exclusive statements to Al-Akhbar, Abdel Nour added that Sisi would hold a meeting with 125 representatives of American companies to discuss increasing US investments in Egypt in all fields topped by energy and petroleum sectors. In another context, Abdel Nour said that Egypt's economic summit would be held mid March, after a number of Japanese and Chinese companies called for postponing the economic because the summit would coincide with the Asian New Year. He added that the postponement came to give the government and private sector the chance to resume feasibility studies of projects to be offered to investors during the summit. More»
Amwal Al Ghad English - 2014-11-08 09:20:49
Eleven US-based organisations and individuals wrote a letter to US President Barack Obama on Friday urging him to “engage preventively and use all available means to make clear to President Al-Sisi that there will be serious consequences if there is a further crackdown on NGOs”, Human Rights Watch reported. Their requests come in light of the upcoming 10 November deadline for NGOs to register under the controversial, and “highly restrictive” 2002 NGO Law on Associations. The signatories also requested the US president to “make clear the consequences of enforcing such a restrictive law are a central concern for the US-Egypt bilateral partnership”. As the letter stated, dozens of independent organisations are expected to be shut down due to not having been granted permits by the Egyptian government. Egyptian authorities have undertaken a policy of increased repression of civil society over the past 18 months. In addition, the 2002 Law grants Egyptian authorities the power to shut down, freeze assets, block funding, confiscate property, and reject the governing boards of any organisation. Many organisations that are critical about the performance of the current government, especially its human rights record, will feel the consequences of the law. “The law clearly violates international freedom of association standards,” the letter read. The letter was signed by Human Rights Watch, Amnesty International, International Center for Journalists, the Committee to Protect Journalists, Freedom House, Foreign Policy Initiative, Human Rights First, and the Project on Middle East Democracy. The signatories demanded that the Obama administration not take “a ‘wait-and-see’ approach to this serious threat,” adding that Obama should “make good” on his recently stated commitment to, in his own words, “stand with the courageous citizens and brave civil society groups who are working for equality and opportunity and justice and human dignity all over the world.” More»