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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        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        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        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 - 2015-01-17 07:21:23
Morocco’s King Mohamed VI has invited Egyptian President Abdel-Fattah El-Sisi to visit Morocco, MENA agency reported. Egyptian Foreign Minister Sameh Shoukri met the king in the city of Fes on Friday, delivering a personal message from El-Sisi. El-Sisi has also invited the Moroccan king to Egypt’s upcoming Economic Development Conference in March. Shoukri met Moroccan counterpart Salaheddine Mezouar on Friday, and the pair issued a joint press statement. According to the statement, Morocco has reiterated its support for the roadmap adopted by Egypt after 30 June and the ouster of Islamist President Mohamed Morsi. Egypt has announced its support for the UN resolution concerning Western Sahara as well the Moroccan autonomy plan issued December 2003 regarding the disputed area. The statement also spoke about the bilateral relations between the two countries and their common positions on a number of issues in the region, citing Libya, the Palestinian territories and Syria. Shoukri arrived in Rabat on Thursday amid recent tensions between the two countries. A report about Egypt which aired on Moroccan state television in December described El-Sisi as the leader of "a military coup," sparking anger in Cairo. Moroccan newspapers have also recently accused Egypt of supporting the independence of Western Sahara, a hot-button topic for Rabat, due to the recent close relations between Egypt and Algeria. Algeria is a key backer of Western Sahara’s pro-independence Polisario Front. More»
Amwal Al Ghad English - 2015-01-17 07:18:21
Morocco's Foreign Minister Salaheddine Mezouar has denounced what he described as “pathetic” attempts to strain relations between Egypt and Morocco, Egypt’s foreign ministry stated. Egypt’s foreign ministry spokesman Badr Abdel-Atti said in a Friday statement that Mezouar had made the statement in a meeting with Egypt’s Foreign Minister Sameh Shoukri on Thursday. The Moroccan minister stressed his nation’s support for Egypt since the 30 June political transition, and its respect for the Egyptian people's will, according to Abdel-Atti’s statement. Abdel-Atti added that the two ministers had discussed bilateral relations between the two countries as well as regional developments in the Middle East, especially in the Palestinian territories. Shoukri arrived in Morocco on Thursday to deliver a personal message from President Abdel-Fattah El-Sisi to King Mohamed VI, after a recent wave of tension between Cairo and Rabat. A report about Egypt which aired on Moroccan state television in December described El-Sisi as the leader of "a military coup," sparking anger in Egypt. Moroccan newspapers have also recently accused Egypt of supporting the the independence of Western Sahara, a hot-button topic for Rabat, due to the recent close relations between Egypt and Algeria. Algeria is a key backer of Western Sahara’s pro-indepedence Polisario Front. Rabat had previously declared support for Egypt's campaign against an upsurge in militant violence that followed Morsi's ouster. More»
Amwal Al Ghad English - 2015-01-17 07:14:01
Unknown assailants set alight a public bus in Alexandria on Friday several hours after an improvised bomb exploded elsewhere in the coastal city, in both cases causing no injuries. The assailants threw Molotov cocktails at the bus in the heart of the city, causing damage and interrupting traffic in surrounding areas, a local security official said. Earlier in the day an improvised bomb exploded at a police station near a luxury sea-front hotel in the eastern part of the city, leaving no casualties, Al-Ahram Arabic news website reported. Bombings and shootings have become commonplace in Egypt since the 2013 ouster of Islamist president Mohamed Morsi and a harsh crackdown on his supporters. The attacks have mainly targeted security personnel but have also led to civilian casualties. More»
Amwal Al Ghad English - 2015-01-15 10:51:11
Egypt's President Abdel Fattah al-Sisi will meet with British Minister for the Middle East and North Africa Tobias Ellwood on Thursday, Egypt's presidential office said in a statement. The British MP is on a three-day visit to Egypt, leading the largest British trade mission to Egypt in over ten years. The statement said the mission will also meet with al-Sisi. The Egyptian British Business Council will also be present at the meeting. In statements on Wednesday, the minister expressed his hope that some of the British companies accompanying him "will be able to do business here and bring their great British expertise to make this project a success." In a meeting with Egyptian Prime Minister Ibrahim Mahlab on Wednesday, Ellwood urged political reform in Egypt alongside measures Egypt is taking to reform its economy. Egypt is conducting numerous meetings with international businessmen ahead of a major economic summit it will hold in March in efforts to attract foreign investment to the country's ailing economy. The government has completed the proposals for 28 projects, mostly infrastructure ventures, to present to international investors at the conference. The government is also preparing a new investment law that it says will significantly improve Egypt's business environment. More»
Amwal Al Ghad English - 2015-01-15 10:51:43
British Minister for the Middle East and North Africa Tobias Ellwood has said that political reform should go hand-in-hand with economic reform in Egypt. During a meeting with Prime Minister Ibrahim Mahlab in Cairo, Ellwood discussed "upholding the rule of law, improving transparency, and guaranteeing respect for human rights," a statement from the British embassy in Cairo said. Ellwood visited Egypt along with a large trade delegation from the United Kingdom, including representatives from BP, BG and HSBC. A Reuters report said companies in the delegation wanted "assurances that Egypt will eliminate complex investment laws and stamps of approval required from dozens of government agencies." They expressed "cautious optimism," regarding the investment policies of the current government, Reuters reported. The Egyptian government is currently preparing a new investment law it says will reduce red tape in the country and help attract foreign investment. Ellwood also told Mahlab that Britain supports Egypt’s preparations for the March investment conference. The government hopes the conference will trigger interest among international investors to return to Egypt after many were scared away by four years of political turmoil. More»
Amwal Al Ghad English - 2015-01-15 09:28:22
Patriarch of the Ethiopian Orthodox Church on a visit to Egypt said Wednesday that the two countries are "united by nature" through the Nile river and should overcome challenges through their bilateral relations. "You should help building bridges that transfer truths without distortion," Patriarch Mathias I told a news conference. The visit comes as Egypt and Ethiopia continue efforts to patch up the relations, which have been tense in recent years since Cairo raised concerns about the effect Ethiopia’s Grand Renaissance Dam project on the Blue Nile will have on Egypt’s water supply. Egypt's Coptic Pope Tawadros II also attended the conference and stated that the Ethiopian and Egyptian churches "surely play a role" in pushing talks forward asserting that "dialogue can solve any problems." "It is important that everybody works toward building bridges, not only with Ethiopia but with everybody else, a policy we are witnessing with President Abdel Fattah al-Sisi and the government," Tawadros said. In his meeting with the Ethiopian patriarch, al-Sisi said the Nile is a “source of life” for Egypt, not just development. Ethiopia has repeatedly said that Egypt, a downstream country, will not be negatively affected by the under-construction dam. Both countries, along with Sudan, which is also downstream from the dam, have agreed to commission a new report on the effects of the dam by a yet-to-be selected international consultancy firm. The Ethiopian patriarch visited several Coptic churches and is set to attend the weekly sermon by Tawadros II on Wednesday at St. Mark's Cathedral in Cairo. He also performed the divine liturgy at a Coptic church on Sunday. More»
Amwal Al Ghad English - 2015-01-15 09:19:08
Egypt has launched the website for the Economic Development Conference scheduled in March, which the government is relying on to reinvigorate foreign investment in an economy that continues to suffer from four years of turmoil. The three-day conference, to be held in the resort town of Sharm El-Sheikh 13 to 15 March, will address ways to position Egypt "as an attractive destination on the global investment map," according to the website. President Abdel Fattah al-Sisi will inaugurate the conference, with Prime Minister Ibrahim Mahlab closing it. The Egyptian economy has suffered from political instability since the 2011 uprising which ousted former president Hosni Mubarak. GDP growth has averaged two percent in the past four years – slightly lower than the population growth – as foreign investment has dwindled. The government has completed the proposals for 28 projects, mostly infrastructure ventures, to present to international investors at the conference, investment minister Ashraf Salman said on Sunday. The government is also preparing a new investment law that it says will significantly improve Egypt's business environment.The link for the website is: More»
Amwal Al Ghad English - 2015-01-15 08:38:44
Egypt is fighting to overcome the economic crisis issue by decreasing unemployment rates and increasing growth and development rates, according to Prime Minister Ibrahim Mehleb. On Wednesday, during a regional conference to subsidise funding opportunities for small and medium-sized enterprises (SMEs) in Arab countries, Mehleb said the role of supervisory authorities is to fund small and medium-sized industries. He added that SMEs represent 95% of the private sector, and 80% of employees work in these companies. They also make up to 80% of the gross national product (GNP) and 75% of exports. Mehleb also said the government sent the documents for SMEs to the Ministry of Trade and Industry, and issued a law to organise funding, affirming the government’s interest in developing small companies. The conference was held in the presence of representatives from the Arab Monetary Fund (AMF), The World Bank, several bank governors in Arab states, and representatives from Arab sovereign funds. More»
Amwal Al Ghad English - 2015-01-15 08:31:09
The Ministry of Interior has chosen to exempt Russian tourists from paying a $25 entrance visa upon arrival to Egypt, effective through 15 January to 30 April. A publication sent by the Travel Documents, Immigration and Nationality Administration to tourism companies stated that the exemption would be temporary. According to Adela Ragab, economic adviser to the Minister of Tourism, the exemption forms a means to support incoming tourism traffic from Russia, in its position as one of the most important tourism exporting countries to Egypt. “The main reason behind the subsidy is a decrease in the value of the rouble against the dollar by more than 50%,” Ragab said, explaining that she hoped tourism traffic would not be affected throughout 2015 by the weak purchasing power of the rouble against other currencies. According to the Ministry of Tourism, the number of Russian tourists that visited Egypt during 2014 numbered 3 million, with 600,000 more Russian tourists visiting the country than the previous year. Spending rates for Russian tourists range between $50-$55 per night, according to the Ministry, and 97% of Russian tourists come to Egypt via tourism groups through charter flights. Hesham Ali, head of the Tourism Investors Association in South Sinai, said that Russia represents one of the most important tourism exporting countries in the area, accounting for more than 60% of tourism to Sharm el-Sheikh. More»
Amwal Al Ghad English - 2015-01-15 07:30:55
Ahmed Harqan, an Egyptian atheist who expressed his views on television, went to a police station in Alexandria to report that he and his wife were attacked on the street for his beliefs. Instead of being seen as victims, Harqan and his wife found themselves handcuffed and physically and verbally assaulted by police personnel. “They switched on the Quran and raised the volume, as if by doing so they were torturing us. They called us names and kept slapping us,” he told Ahram Online. They were then moved to another police station where a prosecutor asked Harqan: “Are you a believer in God?” “I’m here to complain and not for you to inspect my beliefs. I will not speak about [religion],” Harqan responded. “You have to speak about [religion], even if it’s by force,” the prosecutor told him and refused to discuss the attacks on Harqan by strangers on the street and by the police. Harqan and his wife were eventually allowed to file a police report against those who beat them on the street, but were unable to file a report against police personnel. “We didn’t know any of their names, and their police colleagues refused to tell us their names,” he said. Not all atheists are as lucky as Harqan in avoiding being charged with blasphemy. On Sunday, 11 January, 21-one-year-old student Karim El-Banna was given three years in prison for announcing his atheism via his Facebook account and for insulting Islam. More»