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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 - 2014-04-02 14:20:30
A series of explosions outside Cairo University killed two people on Wednesday, including a police brigadier-general and a civilian – and wounded seven , three senior police officers and four civilians, security officials said, in what appeared to be the latest militant attack in a fast-growing insurgency. The bombings targeted riot police routinely deployed at the location in anticipation of near-daily protests by students who support ousted Islamist President Mohammed Morsi and his Muslim Brotherhood group. There was no immediate claim of responsibility but Islamist militants have carried out many similar operations against security forces since the army ousted President Mohamed Morsi of the Muslim Brotherhood in July after mass protests against him. Egyptian state TV described the bombs as crude and homemade. The insurgency threatens the security of the most populous Arab nation ahead of a presidential election in May - as well as the vital tourist industry on which Egypt relies for revenue. Two bombs, planted among trees outside the university, killed the police officer and wounded five other security forces who had been guarding the facility, the ministry said. Shortly afterwards, a third blast killed one person, four security officials said. People screamed and ran for safety after the attacks as panic spread on the streets and on campus in an upmarket area near the zoo in Giza, a Reuters witness said. Police found a fourth bomb in the area. "We expect trouble for the long term. How can the police protect us when they can't even protect themselves. It is not possible," said student Mohamed Abdel Aziz outside Cairo University after the explosions. Video footage online showed a cloud of smoke hovering above a tree-lined roundabout. A loud blast is heard moments later. Members of the security forces clad in black uniforms are shown moving away from the suspected site of the explosions and then advancing towards it with their weapons drawn. Reuters could not independently verify the authenticity of the video, which was released by El-Youm el-Sabaa newspaper. More»
Amwal Al Ghad English - 2014-04-02 12:06:07
A third explosion has occurred near Cairo University, according to an Ahram Online reporter Mai Shaheen. The bomb struck near the university's front gate and apparently targeted police. Television footage showed people running from the scene in panic. There are no reports of additional casualties. More»
Amwal Al Ghad English - 2014-04-02 11:58:40
An Egyptian police brigadier-general was killed in bombings outside Cairo University on Wednesday, the Interior Ministry said. There was no immediate claim of responsibility for the attack but Islamist militants have carried out similar operations in a fast-growing insurgency threatening the security of the most populous Arab nation. Two bombs, planted among trees outside the university, also wounded five from the security forces who had been guarding the facility, the ministry said. Bombings and shootings targeting the security forces have become commonplace in Egypt since the army deposed Islamist President Mohamed Morsi last July following mass protests against his rule. The government this week put the death toll from such attacks at nearly 500 people, most of them soldiers and police. Analysts expect militants to escalate violence ahead of the May 26-27 presidential election. Abdel Fattah al-Sisi, the general who toppled Morsi, is expected to easily win the vote. Widely seen as Egypt's de facto leader since he deposed Morsi, Sisi enjoys backing from supporters who see him as Egypt's saviour. But he is viewed by the Islamist opposition as the mastermind of a coup that ignited the worst internal strife in Egypt's modern history. It will be the second time Egyptians have voted in a presidential election in less than two years. But in contrast to the 2012 vote won by Morsi, this election follows a fierce government crackdown on dissent that has included both Islamists and secular-minded democracy activists. The Brotherhood, Egypt's best organised political party until last year, has been banned and driven underground. But tackling Islamist insurgents based in the Sinai Peninsula will be a far more daunting task for security forces. They carry out nearly daily attacks despite army offensives against strongholds. The attacks have spread from the largely lawless Sinai peninsula to Cairo and other cities, rattling Egyptians who have longed for security since a popular uprising ousted autocrat Hosni Mubarak in 2011. "We expect trouble for the long term. How can the police protect us when they can't even protect themselves. It is not possible," said student Mohamed Abdel Aziz outside Cairo University after the explosions. Video footage posted online showed a cloud of smoke hovering above the ground at a tree-lined roundabout. A loud blast is heard moments later, presumably caused by the second bomb. Members of the security forces clad in black uniforms are shown moving away from the suspected site of the explosions and then advancing towards it with their weapons drawn. Reuters could not independently verify the authenticity of the video, which was released by El-Youm el-Sabaa newspaper. More»
Amwal Al Ghad English - 2014-04-02 08:13:32
The US Embassy in Egypt has denied that Washington is postponing the return of Egyptian army helicopters. The embassy on Monday dismissed “inaccurate reports” claiming that the Obama administration is blocking the return of several Apache helicopters owned by the Egyptian military that were sent to the United States for maintenance. “One helicopter was sent to the United States for an upgrade.  That upgrade is complete, and it is available to be shipped back to Egypt at any time,” the embassy said in a statement. The US suspended much of its $1.5 billion in military and economic assistance to Egypt late last year "pending progress towards democracy," with the State Department saying last week it was still “reevaluating that relationship” with Egypt and determining the status of the frozen aid. The Obama administration continues to postpone the delivery of new Apache helicopters as a part of a review of its assistance to Egypt, the embassy added. More»
Amwal Al Ghad English - 2014-04-02 08:16:51
Egypt's top prosecutor called for a probe into funds allegedly received by the only serious rival of ex-army chief Abdel Fattah al-Sisi in an upcoming presidential election, sources said. Public prosecutor Hisham Barakat issued the call after a lawyer filed a complaint about funds that Egyptian businessmen allegedly provided to leftist leader Hamdeen Sabbahi, the judicial sources said. Sabbahi, a prominent dissident during the rule of Islamist president Mohamed Morsi, came third in the 2012 presidential election won by the now deposed Morsi. Sabbahi's campaign spokesman Maasum Marzouk told AFP that such a complaint was filed even during the 2012 election when Sabbahi was receiving "donations for his campaign". "But the prosecution found nothing at that time. A similar attempt to defame us is being made again," said Marzouk. So far, Sabbahi is considered the only serious opponent of Sisi in the May 26-27 election. Sabbahi may attract the support of a small but growing dissident movement. But Sisi is riding a wave of popularity after he led the ouster of Morsi in July, after a single year of turbulent rule, and is widely tipped to win the election. The registration of candidates for the election entered its second day on Tuesday. More»
Amwal Al Ghad English - 2014-04-02 08:13:35
Egyptian Foreign Affairs Minister Nabil Fahmy spoke with EU foreign policy chief, Catherine Ashton regarding the Egyptian-Ethiopian strife over Ethiopia’s Grand Renaissance dam on the sidelines of the EU-Africa summit on Tuesday, foreign ministry's spokesman told MENA. Egyptian authorities claim the controversial hydroelectric dam, currently under construction on the Blue Nile, will have negative implications for Egypt’s water supply. Ethiopia has denied these allegations. Fahmy stressed the importance that Egypt’s water supply and interests are not harmed to the EU representative. The foreign affairs minister also highlighted the importance of serious negotiations to reach a solution that maintains the interests of all parties involved. Fahmy is scheduled to meet Ethiopia's Foreign Affairs Minister, Tedros Adhanom during the two-day summit. On Friday, Adhanom said his country is adamant about holding talks with Egypt, despite continuing to construct the dam and announcing that it will begin to generate electricity by 2015. Egypt, Ethiopia, and Sudan had previously formed a tripartite technical committee to study the possible impact of the dam and to attempt to generate consensus on the project. In recent meetings in Khartoum, the tripartite committee was scheduled to draft a document that entails "confidence building measures" between the countries, and also to form a special international conflict resolution committee. However, the tripartite committee's efforts were thwarted in December when Sudanese President Omar Al-Bashir announced his support for the Renaissance Dam during a meeting with Ethiopian Prime Minister Hailemariam Desalegn. More»
Amwal Al Ghad English - 2014-04-02 08:13:24
The top leader of Egypt's Muslim Brotherhood accused Abdel Fattah al-Sisi, the former army chief widely tipped to become the country's next president, of being a tyrant and predicted he would fail to stay in power. Speaking on Tuesday from a cage in a courtroom where he faces trial for inciting violence, Brotherhood Supreme Guide Mohamed Badie also dismissed accusations by the military-backed government that the group engaged in terrorism. "The people will not accept an army tyrant," Badie said in reference to Sisi, who resigned from the military on Wednesday in order to contest a presidential election on May 26-27. Sisi toppled President Mohamed Morsi, who was freely elected in 2012 after many years rising through the Brotherhood, last July after mass protests against his rule. His ouster was followed by one of the toughest security crackdowns on the Brotherhood in its 86-year history. Hundreds of its supporters were killed at a pro-Morsi protest camp last August and thousands others including Morsi were arrested. Badie and many other Brotherhood leaders have been put on trial in several cases, crippling a mainstream Islamist movement that won nearly every election since the uprising that toppled autocratic president and ex-army general Hosni Mubarak in 2011. Badie, 70, and 50 others were on trial on Tuesday in connection with violence that occurred when security forces dispersed Morsi's main Cairo protest camp last August. Defendants were defiant throughout the proceedings, chanting the Egyptian national anthem, reciting versus from the Koran and making four-finger gestures that have come to symbolise Brotherhood resistance to state repression. Defence lawyers withdrew from the session after a judge rejected one of their requests. Sisi won over many Egyptians by removing the Brotherhood from power and pledging to crush "terrorist" attacks the government blames on the group, which lost support on the street after Morsi's troubled year in office. "The group has for over 85 years never engaged in terrorism and never surrendered to any terrorism even if it was practiced by the state, and has endured a lot for that sake," said Badie, wearing a loose, white shirt-like garment. "They (the current authorities) are the terrorists. This Sisi is the one who manufactured terrorism." The Brotherhood has accused the Egyptian state of practicing "terrorism" by rounding up thousands of people and engaging in what human rights group say are abuses. "They (the authorities) are the ones who are killing the Egyptian people," Badie said. Only 33 of the 51 defendants appeared in court on Tuesday, while 18 others were being tried in absentia. Scuffles erupted in the court after a judge told Brotherhood defendant Salah Sultan, a professor at the prestigious Al-Azhar University, to "shut up" after he complained of not being able to hear proceedings. When a lawyer requested that a softer tone be used with Sultan because he was a religious scholar, the judge just smiled. The defendants stood with their back facing the judge after the judge addressed Sultan and chanted, "Down, down with military rule." Proceedings were adjourned until April 6. Last week, a judge in the city of Minya issued a stunning sentence, even by the standards of the wholesale repression of the Brotherhood, when 529 Brotherhood members and supporters were given the death penalty for murder and other offences. Gehad el-Hadad, among the defendants who appeared in court on Tuesday, urged world powers to promote democracy in Egypt. "Those leaders of the world who speak in the name of democracy, now is the time to stand (up) to end the military coup," Hadad said in English. "We are fighting for the freedom of our country. It is turning into a Sisi family. We will continue fighting for our freedom. We will not surrender." More»
Amwal Al Ghad English - 2014-04-01 13:40:08
Egypt is preparing the biggest ever budget in the nation’s history for the FY2014/15, according to official source from Finance Ministry. As pursuant to initial indicators, Egypt’s FY2014-15 budget is worth EGP 800 billion (US$114.94 bln), compared to EGP 692.4 billion (US$99.48 billion) for FY2013/14. This budget does not include yet the major economic reform schemes, which are currently under review. In Egypt, the fiscal year starts on 1st July and ended on June 30 of the next year. The official, who asked for Anonymity, further said the revenues for FY2014/15 are expected to hit EGP538.2 billion (US$77.32 bln), distributed to taxes worth EGP386.3 billion (US$55.5 bln) in addition to EGP2.1 billion (US$301.7 mln) grants, and EGP144.4 billion (US$ 20.47 bln) for other revenues. Moreover, the Egyptian government has recently approved raising the minimum wage rate to EGP1200 (US$172.4), a matter that is expected to increase the budget of wages from EGP172.1 billion (US$24.72 bln) to EGP207 billion (US$29.74 bln). More»
Ahmed Fayez - 2014-04-01 12:35:58
Eng. Ibrahim Mehleb, Egyptian Prime Minister said the government is facing many challenges in energy fields but it considers putting an overall plan in order to ensure the optimal exploitation of the energy sources beside looking into alternative sources, as well as encouraging the investments in energy fields and providing all the available potentials. This came during Mehleb’s visit to the new expansions of power plants in New Valley governorate as its capacities up 170MG Volt with EGP28 million cost, aiming to double its capacity so as to cover the boosting of power plant network. More»
Amwal Al Ghad English - 2014-04-01 10:31:06
An urgent meeting is being held by Egypt’s Premier Ibrahim Mehleb with Ministers of Electricity and Petroleum over recent frequent power outages. According to the Al-Ahram Arabic news website, PM Mehleb will tackle the country’s energy supplies and reasons behind the regular power outages stricken by the country nowadays. The details of the meeting will be revealed through a cabinet statement later. This comes in the wake of growing public anger over the repetitive daily blackouts recently hit nation-wide governorates. More»