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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        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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 - 2014-12-09 07:44:57
The United States’ Deputy Under Secretary of Commerce for International Trade Ken Hyatt led a trade delegation of 11 leading companies in the field of infrastructure in a visit to Egypt. The Infrastructure Business Development Mission aims to identify business opportunities in Egypt through conducting several meetings with officials from several ministries, the American Chamber of Commerce, and private businesses. Hyatt lead a roundtable with the Egyptian media today, along with two representatives from the mission. Ahmed Nada, Vice President of First Solar, a leading global provider of comprehensive photovoltaic (PV) solar energy solutions, explained that his company has been following the Egyptian market in the last year through participating in forums and through holding workshops to spread awareness about the latest PV technologies. Nada announced his company’s investment in a 50 MW project through providing technical support services for the plant. Eager to expand in the market, companies like First Solar, and several other companies, in the Energy market are still awaiting regulatory and legislative reform. On this matter Nada expressed great satisifaction with the tariff announced earlier saying, “The tariff is fair for all the players in the market and is comparable to tariffs in other markets we operate in.” Nada concluded, “All projects will need financial closure, for our company to directly invest in solar energy projects, we need speed in financial and legislative reform.” Ambassador Tom Riley, former US Ambassador to Morocco, and Senior Advisor for International Development in BrightSource, a leader in solar thermal energy technologies, explained that his company is currently searching for local partners in the private sector to partner with for any future investment plans in Egypt, describing the relations between BrightSource and the Egyptian market to be in the early stages and is currently ongoing in a very effective Format. More»
Amwal Al Ghad English - 2014-12-09 07:27:30
Egypt's new draft electoral consistencies law is now ready for cabinet approval, Al-Ahram's Arabic news website reported on Monday. Transitional Justice Minister Ibrahim El-Heneidy and a committee overlooking the drafting of the law had been working on the long-awaited draft that paves the way for holding parliamentary elections. The cabinet is expected to review the law on Wednesday, with polls slated for the first quarter of 2015. Three new governorates were recently added to Egypt's existing 27, the reason behind the electoral constituencies law's delay, according to previous statements by El-Heneidy. The new governorates are Al-Alamein, Al-Wahat and Middle Sinai. According to article three of the house law, Egypt's new ‎parliament must be comprised of 567 seats, with 420 (73 ‎percent) allocated to independents and 120 (22 per‎cent) reserved for party-based candidates, while ‎‎27 (5 percent) seats will be devoted to presidential ‎appointees.‎ More»
Amwal Al Ghad English - 2014-12-09 07:25:18
Meeting the same fate of similar national reconciliation initiatives in Egypt since the ouster of President Morsi in July 2013, a call proposed by Ayman Nour, leader of liberal party, Ghad Al-Thawra last Saturday has been rejected by most political movements and parties. Nour called on Egyptian civil parties and movements via twitter to compose a "National democratic accord" to reach consensus without polarisation or exclusion. Nour, who is among the few secular politicians that is still publicly supporting ousted president Mohamed Morsi, added that his accord would recognise all the mistakes committed by all revolutionary political powers and parties in the past four years. Insisting that it is not actually a proposed initiative, Nour, who is currently staying in Lebanon, called on parties and movements as well the public to send him suggestions for what should be added to that "national charter." Nonetheless the "proposed charter" was rejected by political parties and movements who consider it to be another call for reconciliation with the Muslim Brotherhood. More»
Amwal Al Ghad English - 2014-12-09 07:17:21
Egyptian security forces haven't received any reports of threats against foreign embassies in Cairo, despite a spate of closures for security concerns, Reuters' Aswat Masriya reported on Monday. Cairo Security Director Aly El-Demerdash said neither the foreign ministry nor embassies sent notifications of threats. He added that there is a heavy security deployment in the Garden City district near downtown Cairo where many embassies are located. A number of diplomatic missions in Egypt have closed their doors or updated their travel advice over the past two days, citing security concerns. Public services at the British embassy in Cairo remain suspended for a second day. Ambassador John Casson said in a statement on Monday that the decision was taken to ensure the security of the embassy and its staff. Similarly, the Canadian embassy closed on Monday, citing "unsettled security conditions." The German embassy also said in a short statement it would close its visa department on Thursday. More»
Amwal Al Ghad - 2014-12-09 07:00:05
The German embassy in Cairo will close its visa issuing department on Thursday to hold a workshop and not for security concerns that have driven a number of western embassies to close in recent days, the embassy's media advisor told Ahram Online. Media advisor Magdy El-Sayed said the embassy will close the visa issuing department on Thursday to hold a workshop for the department's employees, stressing that the urgent note on the embassy's website was published before other embassies had announced a halt in their activities on Sunday and after. A number of diplomatic missions in Cairo have either closed their doors or updated their travel advice to citizens over the last few days, citing "security reasons." The British and Canadian embassies closed without providing a date for reopening. The Australian embassy in Cairo updated its travel advice, warning of reports indicating that terrorists may be planning attacks against embassies in the capital. More»
Amwal Al Ghad English - 2014-12-08 14:20:07
Turkish President Recep Tayyip Erdogan on Monday criticised Egypt for having Interpol issue an arrest warrant for a Muslim scholar. Islamist scholar Sheikh Youssef al-Qaradawi, whose fiery sermons have caused tensions with Cairo, is a strong supporter of the Muslim Brotherhood. He regularly launches tirades against Egypt's authorities since the ouster Islamist president Mohamed Morsi in July last year. Egypt had approached Interpol seeking Qaradawi's arrest and in November Interpol put him on its wanted list. "Look, a person who came to power through a coup is giving instructions to Interpol," Erdogan told a religious council in Ankara. "A step is being taken for arrest of Youssef al-Qaradawi, president of the Union of Muslim Scholars," he said. "What kind of a business is this? Science cannot be at the disposal of politics. Politics is the servant of science," he added. "Things have turned upside down. All of these developments show the world is unfortunately going not for the good but for the bad." Qaradawi, 88, is an Egyptian-Qatari national and a prominent Sunni cleric based in Doha. He is named as a defendant in several trials along with many Muslim Brotherhood members, including one which has Morsi as a co-defendant. Turkey is one of the staunchest supporters of the brotherhood, with Erdogan calling Morsi's removal from power a "coup". More»
Amwal Al Ghad English - 2014-12-08 14:07:41
A number of diplomatic missions in Cairo have either closed their doors or updated their travel advice to citizens over the last few days, citing "security reasons." Sources at the American, British and Canadian embassies, speaking on condition of anonymity, told Ahram Online that two possible scenarios underlie these measures. The first scenario, sources said, is that the embassies are closed due to "possible political tensions that might cause turmoil," a reason that was not mentioned in the official statements. The second scenario sources gave mirrors the embassies' official explanations: the closures are due to "security threats." Meanwhile, sources at the Italian and Belgium embassies told Ahram Online that they were functioning as usual but assessing security conditions. The British embassy closed its doors on Sunday for what was meant to be one day but extended its closure to Monday and no date was given for reopening. However, the British Consulate-General in Alexandria is operating as normal. Similarly, the Canadian embassy closed on Monday citing "unsettled security conditions." Meanwhile, the Australian embassy in Cairo updated its travel advice, warning of reports indicating terrorists may be planning attacks against embassies in the capital. The reports, according to the last travel update issued by the Australian embassy on Saturday, also warn of attacks against tourist and government sites. The embassy maintained its advice to Australians to reconsider their need to travel to Egypt, while continuing to advise against all travel to North Sinai governorate, due to ongoing terrorist attacks targeting police and army personnel. The Australian embassy in Cairo, however, is operating normally, an embassy spokesman told Ahram Online. The American embassy issued a warning to its nationals on Thursday, saying "in light of the heightened tensions and recent attacks on Westerners in the region" embassy staff were advised to stay close to their residences. Americans in Cairo were also advised to avoid locations which witness regular protest activity, citing reported clashes at several universities and neighbourhoods in the greater Cairo area. Despite its warnings, the US embassy remains open. The British, Canadian, Belgium and American embassies in Cairo are located in Garden City near downtown Cairo, while the Australian and Italian embassies are located downtown Cairo. The embassies have always maintained tight security arrangements with roads to the embassies cordoned off by the police. No official statements were issued by Egypt on the Canadian decision to close its Cairo embassy on Monday. However, the Egyptian foreign ministry said on Sunday that the suspension of services by the British embassy in Cairo was "just a precautionary measure." In response to the British embassy's closing, Head of Cairo's Security Directorate Ali El-Demerdash said on Sunday that security was tight around all embassies and consulates in the capital. El-Demerdash added that securing embassies and consulates is the responsibility of Egypt's security forces, in light of terrorist attacks. Terrorist attacks in Egypt have targeted army and police personnel and institutions mainly in North Sinai governorate, but attacks have extended to Cairo and nearby governorates. Although they were not the target of these attacks, civilians were also harmed. The last terrorist attack against tourists in Egypt took place in February, when unknown assailants targeted a tourist bus in the Red Sea resort town of Taba, killing three Korean tourists. Many western countries imposed travel warnings to Egypt at the time, but almost all warnings were lifted over the summer. More»
Amwal Al Ghad English - 2014-12-08 11:59:01
Canada's embassy in Cairo was closed on Monday until further notice because of security concerns, an official answering its emergency telephone line said, the second diplomatic mission to shut its doors this week. A message on the embassy's website read: "The ability to provide consular services may occasionally be limited for short periods due to unsettled security conditions." It gave no more details. The British Embassy in Cairo closed to the public on Sunday, also citing security concerns. A notice on its website on Monday said its services remained suspended. Egypt is battling an Islamist insurgency largely centered around the Sinai Peninsula, a strategic area near the border with Israel, Gaza and the Suez Canal. Insurgent attacks have mostly targeted Egyptian police and soldiers, killing hundreds in the past year, but Egypt's most dangerous militant group, Sinai Province, said last week it was behind the killing of an American oil engineer in the western desert in August. Smaller bombs also regularly explode in Cairo and the Nile Delta, usually causing limited injuries. One security source told Reuters on Sunday it was not yet clear what threats had prompted the British embassy to close its doors. But another source, who spoke on condition of anonymity, said a suspected militant who was recently detained by Egyptian authorities had confessed to plans to target foreign embassies. The U.S. embassy was open as usual, a spokesman said. It released a statement on Dec. 4 warning staff not to stray too far from their homes. Australia also updated its travel advice to Egypt on Dec. 6, because of reports early in the month indicating that "terrorists may be planning attacks against tourist sites, government ministries and embassies in Cairo". "We continue to advise against all travel to the governorate of North Sinai. We continue to advise Australians to reconsider their need to travel elsewhere in Egypt due to ongoing political tension and the threat of terrorist attack," it said. More»
Amwal Al Ghad English - 2014-12-08 08:44:54
Egypt's tourism revenues jumped 112 percent to about $2 billion in the third quarter of 2014, a tourism ministry official said, suggesting the key industry was showing signs of recovery, albeit from a particularly bad third quarter last year. Tourism, an important source of foreign currency, has been hammered since the popular uprising that toppled Hosni Mubarak in 2011. It suffered another blow in mid-2013, when the army removed elected Islamist President Mohammed Mursi from power after protests against his rule. "Egypt's tourism revenues reached $2 billion in the third quarter of this year compared to $900 million in the same quarter of last year," Adela Ragab told Reuters by telephone. "The number of tourists reached 2.8 million compared to 1.6 million in the same quarter last year." Tourism had suffered a new blow in February, when a coach carrying Korean tourists was bombed by Islamist extremists in Sinai. But the security situation has largely calmed, except in parts of northern Sinai where the government is battling an Islamist insurgency. Egypt received over 14.7 million tourists in 2010, before the 2011 uprising, which saw the number of visitors drop to 9.8 million. In 2012, the number of tourists rose to 11.5 million but fell again in 2013 to 9.5 million with revenues of $5.9 billion. Egypt's tourism minister, Hisham Zaazou, told Reuters in September that tourism could fully recover by the end of next year if regional turmoil did not spread to the Arab world's biggest country. More»
Amwal Al Ghad English - 2014-12-08 07:57:36
Egypt's foreign ministry said the suspension of the British embassy office in Cairo is "just a precautionary measure," shortly after the embassy said it had closed its doors on Sunday for security reasons. A spokesman for Egypt's foreign ministry, Badr Abdel-Ati, said in a statement that any country has the right to take all needed measures to secure its embassy headquarters and staff in Egypt. In a statement on its website, the British embassy didn't give any reasons for the closure, but British ambassador to Egypt John Casson said via Twitter that the office had suspended its work for security reasons. Meanwhile in London, a spokesperson for the British Foreign and Commonwealth Office (FCO) confirmed to Ahram Online that "the decision to close the embassy was taken for security reasons, and until further notice." More»