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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 - 2015-09-19 09:29:45
Egypt’s President Abdel Fattah al-Sisi will meet in Cairo Saturday with President of the European Council Donald Tusk, Egyptian state TV reported. Both officials will speak to the media after the meeting. Tusk said on Twitter that he will report the findings of his travels to Egypt, Jordan and Turkey to the extra European Council leaders summit next Wednesday, where European leaders will discuss how to deal with the refugee crisis. “Extra #EUCO to discuss our overall approach to refugee crisis and cooperation with 3rd countries & return and readmission,” Tusk tweeted Friday. Tusk had summoned EU leaders to attend an emergency summit on Wednesday 23 September to discuss a proposal to distribute 120,000 asylum seekers across the 28 EU countries, after EU interior ministers failed on Monday to agree on a quota system for the distribution. The European Council is where the highest level of meetings between EU countries take place, as they are attended by EU leaders. The common foreign and security policy is set by the Commission, which also discusses sensitive issues which cannot be settled by lower level representation. Europe has been facing a migrant crisis with the influx of thousands of refugees from different zones of conflict including Syria and Iraq. More»
Amwal Al Ghad English - 2015-09-19 09:02:23
Egyptian President Abdel-Fattah El-Sisi told his Palestinian counterpart Mahmoud Abbas on Thursday that he has been following closely the unfortunate events taking place at the Al-Aqsa Mosque in Jerusalem, a statement by the presidency read. Last week, Israeli forces stormed the mosque compound for a period of three days, firing rubber bullets at worshippers and injuring dozens. El-Sisi affirmed to Abbas his support for the Palestinian people and leadership, adding that Egypt looks forward to the future time when East Jerusalem is the capital of Palestine. Also on Thursday, Egypt’s Foreign Affairs Minister Sameh Shoukry spoke with his British counterpart, Philip Hammond, and said that the continued Israeli attacks on Al-Aqsa Mosque “are a great danger and restrict attempts to reinitiate peace talks between Palestinian and Israeli sides.” More»
Amwal Al Ghad English - 2015-09-19 08:47:28
The new government of Prime Minister Sherif Ismail took oath early Saturday before President Abdel Fattah al-Sisi. The ministries of health and population have been merged in one. The ministries of technical education and education have been merged in one. The ministries of scientific research and higher education have been merged in one. Helmy Namnam was sworn in as Minister of Culture. Tareq Qabil was sworn in as Minister of Trade and Industry. Nabila Makram Ebeid was sworn in as Minister of Immigration and Egyptian Expatriates Affaris. Yasser el Qady was sworn in as Minister of Communications. Sahar Nasr was sworn in as Minister of International Cooperation. Saad el Geyoushi was sworn in as Minister of Transport. Essam Fayed was sworn in as Minister of Agriculture. Ashraf Shihi was sworn in as Minister of Higher Education and Scientific Research. Gamal Sorour was sworn in as Minister of Manpower. Tareq el Molla was sworn in as Minister of Petroleum. El Helali el Sherbini was sworn in as Minister of Education and Technical Education. Magdy el Agati was sworn in as Minister of Legal Affairs and House of Representatives. Mohamed el Assar was sworn in as Minister of Military Production. Ahmed Zaki Badr was sworn in as Minister of Local Development. Hisham Zaazou was sworn in as Minister of Tourism. The ministers of foreign affairs, interior, justice and defense in the outgoing government maintained their posts in the new lineup. The cabinet inludes 16 new ministers. Last Saturday, President Abdel Fattah al-Sisi accepted the resignation of Ibrahim Mahlab who served as PM since Frebruary 2014. Al-Sisi asked Sherif Ismail, the petroleum mininster, to form a new cabinet. More»
Amwal Al Ghad English - 2015-09-17 08:39:07
Egypt's Higher Elections Committee (HEC) announced Wednesday an initial list of candidates ‎accepted to contest the country's upcoming ‎parliamentary elections, scheduled for October and ‎November.‎ HEC spokesperson Omar Marawan disclosed Tuesday ‎night that a total number of 5,‎420‎ had applied, ‎all seeking to run as independents. In addition, nine‎ electoral coalitions fielded ‎candidates to run on party lists.‎ According to Egypt's election laws, the coming parliament will ‎be composed of 596 members, with 448 independents, 120 ‎party-coalition-based MPs, and 28 presidential appointees.‎ Marawan indicated that topping the list of electoral ‎coalitions are the For the ‎Love of Egypt list, the Call of Egypt, the Knights of Egypt, the Nour Party, the Egyptian Front, the ‎Independence Current, the Republican Alliance, and ‎the Reawakening of Egypt. Marawan added: "If a certain candidate was not ‎placed on the list announced Wednesday, he or she ‎could file an appeal over three days, or between 16 and ‎‎18 September.‎ Initial news Wednesday shows that the ‎applications of a number of high-profile candidates were ‎rejected, including Ahmed Ezz, the former leading official ‎of former president Hosni Mubarak's ruling party, and ‎Tawfik Okasha, the owner of the independent television ‎channel Al-Faraeen.‎ The applications of other high-profile figures, including ‎Mortada Mansour, chairman of Zamalek Sporting ‎Club, and Sama Al-Masry, a belly-dancer, were accepted.‎ The HEC said it will release its final say on appeals 27 ‎September, while those who might choose to withdraw ‎before the race begins will be allowed two extra days to do so, or until ‎‎30 September. "We can say that a final list of ‎candidates running in the first stage of the polls in 14 ‎governorates will be made public 1 ‎October," said Marawan.‎ The first round of Egypt's long-delayed parliamentary ‎elections will be held between 17 and 28 October in 14 ‎governorates: Giza, Fayoum, Beni Suef, Minya, Assuit, Sohag, Qena, Luxor, Aswan, New Valley, ‎the Red Sea, Beheira, Alexandria and Marsa ‎Matrouh. Campaigning for this stage will run between 4 ‎and 15 October.‎ Marawan disclosed that the HEC has decided that Egyptian ‎expatriates in three Arab countries torn by civil war — ‎Libya, Syria and Yemen — would be exempted from ‎voting. Egyptian expatriates are scheduled to vote in the ‎first stage of the polls 17-18 October.‎ Marawan underlined that registration procedures had gone ‎smooth, although candidates had complained of the ‎costly and cumbersome process of medical check-ups ‎necessary to apply. Marawan said that although two court ‎rulings on medical check-ups and electoral districts were ‎issued last week, the HEC was keen that these rulings would ‎not disrupt the registration process or the poll ‎timeline. "The original registration deadline of 12 ‎September was maintained exceptt for in two districts in the ‎Upper Egypt governorate of Qena," said Marawan.‎ Marawan explained that the HEC had decided to extend ‎registration in Qena and ‎Qous in Upper Egypt only, by three days, or until Tuesday. ‎This came in line with the 7 September court ruling that the ‎boundaries of the two constituencies should be redrawn ‎to achieve representative equality.‎ Most political parties announced that they had already ‎submitted their lists of candidates before the deadline of ‎‎12 September. Compared to the ‎prior week, which saw a number between 200 and ‎‎250 prospective candidates registering per day, as ‎many as 899 applied on the last day alone.‎ The electoral coalition named For the Love of Egypt ‎said it had submitted four lists of candidates in the last ‎two days. The coalition's coordinator, Sameh Seif Al-‎Yazal, said the four lists, including 120 hopefuls, will ‎run in the four constituencies reserved for competition ‎among party-based candidates: Cairo, South and Middle ‎Delta (45 seats); North, Middle and South Upper Egypt ‎‎(45 seats); East Delta (15 seats), and West Delta (15 ‎seats).‎ On Sunday, Emad Gad, For the Love of Egypt's ‎spokesperson, said the coalition would win the East Delta ‎constituency (including 15 seats) unopposed. "This is ‎due to the fact that we were the only coalition that ‎submitted a list of party candidates in this constituency," ‎said Gad. The HEC, however, insisted that "being the only ‎candidate or the only party in a certain constituency is ‎not enough to be automatically declared the winner." ‎‎"An independent candidate or a party list must get five per ‎cent of the vote in this constituency in accordance with ‎Article 24 of the House of Representatives law," ‎Marawan said.‎ The For the Love of Egypt coalition is widely believed ‎to be supported by President Abdel-Fattah El-Sisi, ‎though El-Sisi has denied that he supports any electoral bloc over another. ‎ More»
Amwal Al Ghad English - 2015-09-17 07:48:27
Egypt-Syria relations extend only to security matters, said Syrian president Bashar Al-Assad in an interview with Russia Today broadcast Wednesday. “There is a joint vision between us and the Egyptians, but our relationship is currently only on a security level. There are no diplomatic relations.” Al-Assad said. Al-Assad went on to say there are no interactions between the Syrian foreign ministry and the Egyptian foreign ministry, attributing this to “pressure applied on Egypt and Syria to not have a strong relationship.” Bashar added that his government feels comfortable about the improved relations between Russia and Egypt. “We feel comfortable about improved relations between Russia and Egypt. At the same time, it's natural for Russia to feel comfortable for any positive developments in relations between Syria and Egypt." He also pointed out that relations between institutions in Egypt and Syria were never fully severed even when diplomatic ones were. “Relations between Syria and Egypt have never ceased over recent years, and even when the president was Mohamed Morsi - a member of the terrorist Muslim Brotherhood organisation - Egyptian institutions insisted on maintaining a certain element of this relationship,” the president said. The Egyptian government has not been involved in the Syrian crisis for the past four years, perhaps due its alliances with different parties on opposite sides of the table including Saudi Arabia, Russia and the USA. Egypt-Syria ties reached their low-point during Morsi's rule when he cut all diplomatic ties with Syria. Morsi established strong ties with Qatar and Turkey, who strongly oppose the Assad regime. Under Egypt’s current leadership, diplomatic ties have not been returned, but after Egypt hosted a conference for "moderate" Syrian opposition groups in Cairo and improved ties with Russia, Egypt has started to shift to a middle ground. President Al-Assad has been calling for Egypt’s support for a while, recently stating in an interview with Egyptian reporters that Egypt and Syria are fighting the same war against terrorism. More»
Amwal Al Ghad English - 2015-09-17 07:32:59
Mexico is to wait for the results of the Egyptian government’s investigation into the mistaken attack by security forces that killed eight Mexican tourists before determining what action to take, the foreign minister said Wednesday. A group of 22 had parked up on Sunday for a barbecue near the Bahariya oasis, a tourist site in the western desert, when army aircraft suddenly began shelling them believing they were militants, security sources and survivors said. As the tourists tried to flee, forces on the ground fired on them, Egyptian security sources said. Eight Mexicans and four Egyptians were killed. Mexican Foreign Minister Claudia Ruiz Massieu met Egyptian President Abdel Fattah al-Sisi on Wednesday. The minister will accompany the survivors and victims' remains home to Mexico. "The talks and negotiations have revolved around the issue of the investigation. (It) will be a thorough, comprehensive, expedited and transparent one and it's findings will be made public," Massieu told a news conference. The findings "will be available for determining the responsibilities and further actions", she added. A committee chaired by the Egyptian prime minister would lead the investigation and report its findings, a statement released by Sisi's office after his meeting with Massieu said. "Egypt expects its friends in Mexico to understand the current security circumstances it is going through, especially when it comes to fighting terrorism," the statement added. Egypt's prosecutor general's office announced a gag order on all news related to the investigation until its conclusion. Egyptian Foreign Minister Sameh Shoukry penned an open letter to the Mexican people carried in Mexican newspapers on Wednesday expressing his condolences and sympathy, but offered no apology. "I am deeply troubled that some people have chosen to exploit this tragic event to allege that Egyptian law enforcement officials have no strict rules of engagement, (or) act indiscriminately," the letter read. The Egyptian military has released no statement acknowledging the incident, though an earlier statement by the Interior Ministry said it resulted from a joint police-military operation pursuing nearby militants. "The Egyptian authorities are unequivocally committed to uncovering the precise details of this tragedy. The chain of events is still confusing and unclear," Shoukry's letter said. Egypt, the Arab world's most populous country, is battling an Islamist insurgency that has intensified since mid-2013 when then-army chief Sisi ousted Islamist President Mohamed Morsi, a top figure in the Muslim Brotherhood, after mass protests against his rule. More»
Amwal Al Ghad English - 2015-09-16 09:30:00
Chairman of World Islamic Economic Forum (WIEF) Tun Musa Hitam has said time is ripe for Egypt to join strong economic organizations. speaking to reporters Tuesday, Hitam said his current visit to Egypt was to deliver an invitation from Malaysia Prime Minister Najib Razak to President Abdel Fattah al-Sisi to attend the WIEF forum due to be held in Kuala Lumpur from 3 to 5 November. Seven heads of states will address the WIEF forum which will be attended by 2,500 world leaders, representatives of governments, top men of industry and economy, businessmen, representatives of non-governmental organizations in addition to academicians and media men. More»
Amwal Al Ghad English - 2015-09-16 08:46:27
The following is the text of an open letter addressed to the people of Mexico by Sameh Shoukry, Egypt’s Minister of Foreign Affairs, which will be published in Mexican newspapers. The open letter, which has been published by the Ministry on its social media pages, comes two days after seven Mexican tourists and five Egyptians were killed when Egyptian security forces accidentally opened fire on them in the Western Desert. ============ I am writing this open letter to the Mexican people to express my deepest sympathy and condolences for the loss of innocent Mexican lives and the injury of other tourists on Egyptian soil on 13 September 2015. I realise there is little that can be said to console the families and friends who are mourning the loss of their loved ones. The grief of losing a son, daughter, brother, sister, relative or friend in such a sudden and unexpected way is simply unimaginable. But perhaps, here in Egypt, we are closest to understanding just how deep this sorrow and grief may feel. We, of all people, have experienced first-hand such unfathomable loss. Throughout the past decades, and particularly the past few years, we have lost numerous innocent civilian lives to terrorist violence. This loss has encompassed hundreds if not thousands of law enforcement agents, who risk and often lose their lives while protecting civilians and their property, defusing bombs, and apprehending or fighting terrorists and criminals. As people who regularly put their lives in harm’s way to protect our communities, I assure you that they are the most cautious and careful when it comes to preserving the lives of others. More»
Amwal Al Ghad English - 2015-09-16 08:27:36
Egyptian President Abdel-Fattah Al-Sisi expressed on Tuesday his condolences to his Mexican counterpart Enrique Peña Nieto for the death of Mexican tourists in Egypt's Western Desert, state agency MENA reported. In a phone call with the Mexican president, El-Sisi asserted that Egypt will not hesitate to provide all the cooperation and support needed, assuring that the injured are getting the necessary medical care and that Egypt stands with the families of the victims. Al-Sisi also stressed that he is personally following up on the investigation to determine the full details of the incident. According to presidential spokesman Alaa Youssef, the Mexican president expressed his appreciation and gratitude for the attention that El-Sisi has shown regarding this incident, praising Egyptian efforts to assist and provide the necessary medical care for the injured. The two presidents affirmed their appreciation of the “historical relationship” between the two countries, Youssef added. On Tuesday, Egyptian Foreign Minister Sameh Shoukry addressed the people of Mexico in an open letter that is set to be published in major Mexican newspapers on Wednesday regarding the incident. Nieto announced that the Mexican tourists who suffered the attack in Egypt will be brought back to Mexico by presidential plane. Mexico’s Secretary of Foreign Affairs Claudia Massieu is expected to be on board the Mexican presidential plane along with doctors and families of the victims. According to AFP, Massieu said she wanted answers for the attack that killed 12 people, describing it as “unjustified”. She is expected in Cairo at 22:00 GMT. More»
Amwal Al Ghad English - 2015-09-16 08:29:03
China is trying to sell two submarines to Egypt that are cheaper than vessels on offer from Germany, industry sources told Reuters, as Beijing looks to expand weapons exports beyond its traditional customer base in Asia. Beijing has sought to undercut Western submarine makers on price and by offering attractive export-credit terms for sales in Asia, the sources said. It has won deals with Pakistan and Bangladesh so far. China displaced Germany as the world's third-largest arms exporter, the Stockholm International Peace Research Institute (SIPRI) said in March, though nearly 70 percent of those weapons went to Pakistan, Bangladesh and Myanmar. An Egyptian military source said China had offered to sell submarines to Cairo. "We are studying it, but it is not an easy decision," said the source, who declined to give details or be identified because he was not authorized to talk to the media. An Egyptian military spokesman said he "had no official details" on the issue. China's Defense Ministry did not respond to a request for comment. More»