amwalalghad :: Egypt News

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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 - 2014-10-18 07:13:43
A second round of talks between the Egyptian, Ethiopian and Sudanese irrigation ministers regarding the Grand Ethiopian Renaissance Dam concluded on Friday, with a third round of talks scheduled a month from now, MENA reported. The dam, currently under construction on the Blue Nile in the Ethiopian highlands, has been a source of worry for Egyptian officials who believe it will affect the amount of Nile water reaching downstream Egypt. Ethiopia has denied that it will have any adverse affects. At a press conference on Friday, the irrigation ministers said they had agreed to receive offers from seven consultancy firms who will conduct more studies on the dam's possible effects. They will settle on one or two firms during their meeting next month. A location for next month's meeting is yet to be disclosed. The seven selected firms include firms from Germany, Switzerland, France, Holland, and Australia, Sudan's irrigation minister Moatez Moussa told MENA. The best candidate, according to Moussa, will be chosen based on competence, reputation and cost. In addition, a British law firm was selected to handle all financial and administrative issues related to the consultancy. On Thursday, Egypt’s President Abdel-Fattah El-Sisi met with the irrigation ministers of Sudan and Ethiopia. During the meeting, El-Sisi stressed that strong relations between the three countries cannot be limited to water resource issues, saying economic development can only be reached through cooperation. In the first round of talks, held last month in Addis Ababa, Egyptian officials said a breakthrough had been reached in discussions despite the fact that many issues concerning the construction of the Ethiopian dam remained unresolved. Some 40 percent of the dam has already been built, Ethiopian President Mulatu Teshome said earlier this month. More»
Amwal Al Ghad English - 2014-10-18 07:04:21
More than 85 churches in Egypt were subject to mob attacks from 30 June 2013 to 30 September 2014, according to a local rights group report issued this week. The report, issued by the Egyptian Commission for Rights and Freedoms detailed alleged attacks on Christians from 30 June last year, when mass protests took place against then-president Mohamed Morsi, through to 30 September of this year. According to the commission’s fieldwork and research, at least 18 Christians were killed because of their religious identity during this period, while 165 houses belonging to Christians were vandalised or burnt down. One of the documented mob attacks was in Minya governorate in the village of Delga. ECRF spoke with Catholic priest Father Ayoub Youssef who said that after the announcement on 3 July that Morsi was no longer president, a crowd attacked a building attached to the local Catholic church, shouting “Islamic, Islamic,” and “We support legitimacy.” According to Youssef, the attackers raided the building, home to a nursery, offices, and the priest’s residence, stealing items and then setting fire to parts of the building. Upper Egypt cities bore the brunt of the violence, according to the report, with 80 percent of the clashes and the sectarian strife taking place in Minya, Fayoum and Assiut.The report also cited incidents of abuse by government officials, for example targeting Christians for random arrest during clashes. ECFR has called for an immediate and fair government investigation into all the incidents of violence and sectarianism documented. It also demanded the immediate rebuilding and renovation of all the churches that were damaged during attacks. More»
Amwal Al Ghad English - 2014-10-18 07:04:15
Militants killed three policemen and injured seven others in Egypt`s North Sinai on Thursday night when they hit a patrol car with RPG fire. Local officials told state news agency MENA that unidentified assailants targeted the police vehicle in El-Masaeed district on a main road near Al-Arish city. Initial reports from MENA indicated two people had died in an attack, but on Friday afternoon a third policeman injured in the attack died. None of the militant groups currently active in Sinai have yet claimed responsibility for the attack. Militant attacks on police and military targets have become commonplace in North Sinai since the ouster of Islamist president Mohamed Morsi in the summer of 2013, with some attacks also taking place in other parts of the country, including the capital. Hundreds have been killed in the violence. The Egyptian military has targeted militant hideouts with helicopters and ground troops, killing scores of militants, according to army statements. More»
Amwal Al Ghad English - 2014-10-16 10:22:45
As Egypt’s parliamentary elections approach, a number of former generals have joined the alliances between the political and civil forces to form electoral lists. These include former presidential candidate Gen. Ahmed Shafiq, Maj. Gen. Murad Muwafi, former chief of staff Gen. Sami Annan and former Egyptian Intelligence Agency official Gen. Hossam Khairallah. These generals had clearly sought political posts in the Egyptian presidential elections following the ouster of the Muslim Brotherhood regime. Yet they all backed down as an act of courtesy to Egypt’s President Gen. Abdel Fattah al-Sisi and preferred not to go against the tide. Will these generals continue on their political paths and form a backup for Sisi in parliament, as the majority of them have declared? Or will they decide not to run at the last moment and leave the stage for the Islamists, where the Nour Party, the Salafist blocs and the remnants of the Muslim Brotherhood alliances bet that they will win the largest number of parliamentary seats? This is especially important as Egyptian civil parties have failed to reach an agreement on a strong alliance able to form a majority in parliament, in addition to the president’s demands that elections be postponed out of fear of the Islamists’ return to the political scene. These demands were rejected by Sisi, who stressed that the infiltration of the Brotherhood in the next parliament will cause the parliament’s downfall. Regarding the fear that the Islamists will win a majority of seats in parliament, given the confusion among the civil forces and of former generals, Ammar Ali Hassan, a researcher on Islamist movements, told Al-Monitor, “It depends on the way the electoral process is designed, which means the way the constituencies are distributed and whether or not civil forces are coherent and coordinate with each other. This will significantly affect the next electoral process, similarly to what happened in the previous parliamentary elections, where the Brotherhood and the Salafists coordinated with each other, which resulted in Islamists winning a majority of seats, while the civil forces fought with each other and received a minority.” Hassan said the return of the Islamists to parliament also depends on the electoral system. He said that currently, “20% [of the seats] are determined by the [electoral] lists system, which will greatly define whether Islamist movements will be present in the next parliament, through lists in the constituencies, provinces or the republic. The remaining 80%, which are determined by the individual electoral system, will be greatly affected by money used for political purposes and the coordination between civil forces against Islamist movements. This is added to the fact that the tribal character of the upper-Egypt region and the Sinai Peninsula will greatly determine to what extent Islamist movements will dominate the next parliament.” Hassan said the generals' chances of entering the next parliament were slim, as the nature of their work did not mesh well with the voters, unlike the civil movements. “It is nothing new that former army or police personnel run in elections after they’ve retired,” he said. “Yet, their chances of entering parliament are very slim, even during the years of fraud under the [Hosni] Mubarak regime.” As for the civil forces, he said that given the president's great popularity, Sisi is expected to indirectly influence them during his speeches, which will be dramatically in favor of a particular alliance. Nagy Al-Shihabi, chairman of the Democratic Generation Party, which is part of the Egyptian Front Coalition led by Ahmed Shafiq, told Al-Monitor that Islamist forces will be present in the next parliament. But he expected them to get a small number of seats — 10 at the most — as the Islamist movement, headed by the Brotherhood, the allied parties and Salafists, were losing influence in the street. He said Egyptian voters’ trust in candidates with a military background is minimal, and emphasized that his party did not coordinate with alliances affiliated with military figures and that Shafiq was not considered to be affiliated with the military establishment. He said that Shafiq “left [the military establishment] a long time ago, and his party [the Egyptian Patriotic Movement] only consists of civil figures. Its leaders are members of civil society. The military figures are very few and are not directly linked to the military establishment.” As for the rest of the military figures, he said, "Maj. Gen. Murad Muwafi withdrew from public life and has no activity at present. The call of Gen. Sami Annan does not have any influence in the street. The same applies to Gen. Hossam Khairallah, who does not have influential popularity in the Egyptian street.” Shihabi concluded that the Egyptian Front Coalition, which includes civil parties such as the Democratic Generation Party, the Conference Party, the My Homeland Egypt Party, the Communist Gathering, the Egyptian Democratic Labor Congress and the Federation of Egyptian Trade Unions, was the strongest bloc. Margaret Azar, a former member of parliament and the former secretary-general of the Free Egyptians Party, said, “There are reports saying that Islamist forces will win a percentage of seats in the next parliament. Yet, it does not depend on the popularity of the Islamist movement, but is rather closely linked to their expertise in public and social work, and their provisions of direct services to the people in their constituencies, under the individual electoral system. Nevertheless, all of the speculation confirms that a particular category, be it civil or Islamist, will not get a majority. Rather, diversity will characterize the next parliament.” She added, “The weakness of civil parties gives the impression that the electoral process will serve the interests of the Islamist movement, and the current electoral system does not depend on the parties’ lists, but rather on the individual. This makes it difficult to halt the infiltration of the Islamists into the next parliament, even after the popularity of the Brotherhood, its allies and the Nour Party has declined, although [the latter] was a supporter of the June 30 Revolution.” Azar expressed her discontent at the recent statements by a number of civil parties and alliances led by military figures, that they desire to form a political backup for Sisi and pass his resolutions in parliament. She claimed that they are mistaken and that this will result in parliament losing its most important objective: standing with the voters. More»
Amwal Al Ghad English - 2014-10-16 08:13:39
A document from Egypt's cabinet telling officials not to praise President Abdel Fattah al-Sisi in meetings was leaked online on Wednesday and went viral with the ex-army chief's supporters, who hailed it as a sign of al-Sisi's modesty. The document, which was signed on 14 October by the cabinet's secretary-general, Amr Abdel-Moneim, stated that al-Sisi ordered ministers and governors not to praise him during public meetings and ceremonies that he's attending. According to the memo, officials should abide by the following instructions: 1- The speeches of the officials should not exceed more than five to seven minutes in ceremonies. 2- The speeches of the officials in the attendance of the president should be in the context of the ceremony and should be free from all praise to the president. 3- Not to use words or synonyms or titles "of exaggeration" when officials speak or introduce the president at the event. 4- To introduce the president in this way: Mr. President Abdel Fattah al-Sisi, the president of the republic, and His Excellency President Abdel-Fattah al-Sisi, the president of the republic.Moneim confirmed the authenticity of the memo to news website Masrawy, adding that it had been sent by the president to all ministers and governors. Supporters of al-Sisi took to social media to hail the memo as a sign the government was restoring its respect, while others called it a move to stop hypocrisy. More»
Amwal Al Ghad English - 2014-10-16 08:09:30
Police detained eight Turkish citizens in Egypt’s northeastern city Port Said Wednesday during a search of their yacht that was crossing over the Suez Canal, Egyptian official sources said. The authorities said the Turks were taken into custody when 348 rifle cartridges were found aboard the yacht, which was on its way to the Jeddah Port in Saudi Arabia. Deputy Prosecutor of Port Said Moustafa Ubade ordered a four-day detention of the Turkish citizens, whose identities were not released. The Turkish embassy in Cairo said they had no information to share about the incident. More»
Amwal Al Ghad English - 2014-10-16 08:05:31
A Cairo criminal court has adjourned on Wednesday the trial of hunger striker Mohamed Soltan and an additional 50 defendants including the Muslim Brotherhood's supreme guide in the "Rabaa Control room" trial to next 22 October. The court also extended the detention of defendants pending the trial and ordered that Soltan serve his detention in prison instead of the hospital. Soltan, who has been on a hunger strike for 263 days, was transferred to Kasr Al-Aini hospital's ICU earlier this month due to internal bleeding according his family. The 26 year-old Egyptian-American, showed up to court in critical condition while handcuffed a hospital bed before the judge ordered the cuffs be removed at the request of his lawyer. Soltan's father, Sheikh Salah Soltan, a top MB preacher who is also facing trial in the same case asked the court to release his son between tears, he also assigned responsibility for Soltan’s health before God and the law to the court. More»
Amwal Al Ghad English - 2014-10-16 08:00:28
The spokesman for the Foreign Ministry said on Tuesday 14/10/2014 Egypt strongly condemns the storming of the Aqsa Mosque precincts in al-Quds (East Jerusalem) by Jewish settlers under the protection of Israeli troops. The spokesman added that Egypt also condemned the incident of setting ablaze a mosque in Nablus city by Israeli settlers as a criminal act. He said "Egypt calls for investigating the incidents and holding those responsible accountable". The spokesman concluded that "These practices are not acceptable and represent violations to all international norms. They also undermine peace efforts". More»
Amwal Al Ghad English - 2014-10-16 07:11:26
An explosion late on Tuesday struck an Egyptian pipeline that carries gas to Jordan in Egypt's Sinai Peninsula, state news agency MENA reported -- the latest in around two dozen such attacks since 2011. The blast, which occurred in an area called Al-Qoraiyaa, southeast of the coastal town of Al-Arish, hit the major line leading to the Sinai resort town of Taba, which transports gas to Jordan, an official at the company that operates the line said. The flow of gas along the pipeline was halted to control a fire that sent thick flames shooting in the air, security sources said. The sources added that the bombing, which left no casualties, bears the hallmark of around two dozen of previous attacks on the pipeline since the 2011 uprising that toppled autocrat Hosni Mubarak, with the latest explosion taking place early in August. Targeting the pipeline has repeatedly caused a halt to gas exports to Jordan and Israel, the latter of which Egypt used to supply until April 2013. Egypt has seen an upsurge in attacks by militants, mainly based in the mountainous Sinai Peninsula, since the 2013 ouster of Islamist president Mohamed Morsi. Militants have also struck Cairo and the Nile Delta with bombings and shootings that have mainly targeted soldiers and police, but have also caused civilian casualties. Also on Tuesday, at least 12 people were injured in a bomb blast caused by a homemade explosive device in central Cairo. More»
Amwal Al Ghad English - 2014-10-16 07:09:05
Dozens of students at Cairo's Al-Azhar University protested on Wednesday against the ongoing detention of their colleagues and revamped security measures across Egyptian universities. Students at universities across the country have been protesting since the start of the new academic year to denounce a government crackdown on student dissidents and the imprisonment of their colleagues at previous protests. Students at Al-Azhar University, the highest seat of Sunni Islamic learning, protested on Wednesday against tightened security measures at universities, which include intrusive and time consuming checks by new private security guards, Al-Ahram Arabic news website reported. Others blocked a road leading to the university to protest against violence during clashes between security forces and students at Alexandria University on Tuesday. Security forces entered the campus on the day and clashes broke out with students. Two policemen and two students were injured in the violence, the interior ministry said, adding that 37 students were arrested. One student, Omar Sherif Abdel-Wehab, was severely injured in the fighting by what eyewitnesses said were birdshot pellets. Egyptian universities were hit by unrest during the past academic year, serving as a hub for protests following the ouster of Islamist president Mohamed Morsi and a relentless crackdown on his supporters. Several students were killed in the clashes, and hundreds of others were arrested or handed jail terms on charges of violence. More»