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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        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 - 2015-11-14 09:07:34
Moscow’s cancellations of state-run flag carrier EgyptAir flights to Russia are ‘temporary security measures’, Russia's ambassador to Cairo, Sergei Kirpichenko told Egyptian television channel Friday. Russian aviation authorities have banned EgyptAir from flying into the country, officials said Friday, with Russian flights between the two countries already suspended two weeks after a Russian jet crash in Sinai that Islamist militants claimed to have caused.Moscow’s Domodedovo airport authorities told AFP that they had received a telegram from the Russian Federal Air Transport Agency (Rosaviatsia) banning EgyptAir’s flights to Russian territory from November 14. The aviation agency Rosaviatsia declined to comment when contacted by Reuters. The move comes a week after Russia suspended passenger flights to Egypt in the wake of the Sinai crash, for which a group affiliated with Islamic State has claimed responsibility. The Metrojet Airbus A321 was bringing holidaymakers home from the Red Sea resort of Sharm el-Sheikh. All 224 people on board were killed in what the militants described as revenge for Russian air strikes in Syria that began in late September. The United States and Britain have said it appeared that a bomb brought the airliner down. While no official investigation has confirmed the militants' claim of responsibility, several countries have canceled flights to Sharm el-Sheikh and announced new precautions. More»
Amwal Al Ghad English - 2015-11-14 09:08:45
EgyptAir received a notification from Moscow's Domodedovo International Airport that the flight on early Saturday was cancelled through a company manager at the airport, Civil Aviation minister Hossam Kamal said in a Friday ministry statement. Russian authorities have still not officially informed Egypt of their reasons to cancel EgyptAir flights to Moscow starting on Saturday, according to Kamal. As per the airport's notification, EgyptAir decided to halt the Saturday flight and re-book other flights from Cairo for the passengers. The passengers on the arriving flight to Cairo from Moscow will also have their flights re-booked. The Russian Aviation agency Rosaviatsiya formally notified Domodedovo airport, where EgyptAir flights arrive, that the ban is effective starting Saturday, said the airport spokesman Alexander Vlasov. Egypt operates three weekly flights from Cairo to Moscow on Saturdays, Tuesdays and Thursdays. Official phone calls are being conducted on a high-level between officials from both countries in order to clarify the matter and to understand why the flights were halted as was reported by news agencies, Kamal said. More»
Amwal Al Ghad English - 2015-11-14 08:20:04
Tourism minister Hisham Zaazou revealed on Friday evening that Egypt and Russia are communicating to solve the "crisis" following the halting of EgyptAir flights to Moscow. Zaazou told Ahram Arabic news website that the tourism, aviation and foreign ministries are communicating with the Russian side to solve the crisis. After Russia's aviation agency Rosaviatsiya decided to halt EgyptAir flights from Cairo to Moscow, Egypt's aviation minister issued a statement saying Egypt was not officially notified by Russian authorities and that Egypt is communicating on a high-level with Russia to understand the reasons behind the decision to halt flights. The tourism minister expressed his surprise at the decision to halt EgyptAir flights to Moscow, describing it as "strange" timing. Zaazou told Ahram Arabic news website that some of EgyptAir's passengers are tourists, while the rest work between Russia and Egypt. EgyptAir cancelled its flight from Cairo to Moscow early on Saturday. Zaazou said Russian-Egyptian relations are strong, as Moscow has been receiving EgyptAir flights for over 50 years. He added that there is constant communication with the officials at the Federal Agency for Tourism of the Russian Federation and with trip coordinators. More»
Amwal Al Ghad English - 2015-11-14 08:27:02
The U.S. Congress looks set to approve another $1.3 billion in military aid to Egypt despite concerns expressed by some lawmakers over its crackdown on dissent while fighting religious militants. Senate and House of Representatives staffers are engaged in feverish negotiations on what should be in a trillion-plus-dollar spending bill that they must complete by Dec. 11 to avoid a government shutdown. Egypt's aid package is in focus because of growing unease among both Republicans and Democrats that the government of President Abdel Fattah al-Sisi is exploiting security concerns to crack down on dissent and arresting journalists. "I'm very concerned about it, and have been for a long time," Republican Senator John McCain, chairman of the influential Senate Armed Services Committee, told Reuters. "I worry when they arrest people for no good reason, when they have 40,000 or so people in prison and there's clearly been an abridgement of various freedoms, such as the press and others," he said. More»
Amwal Al Ghad English - 2015-11-14 07:41:21
British airlines will stop repatriating holidaymakers from the Egyptian resort of Sharm el-Sheikh on Tuesday, and anyone who stays will have to fly back "at their own risk", the UK government warned. Thousands of British tourists have been flown back from the Red Sea resort since Britain said a bomb on board was probably behind the crash of a Russian jet that took off from there on October 31. The airlines "have assured us that they have sufficient capacity to return all British tourists to the UK by Tuesday 17 November," the British government said in a statement on Friday. "British airlines estimate that after this date, there will be fewer than 200 of their passengers remaining in the resort," it said. Anyone staying "should make their own alternative arrangements for returning to the UK. "This may involve having to travel with an airline to which enhanced UK security measures, e.g. separate baggage flights, do not apply. Travellers are advised that they do so at their own risk," it added. More»
Amwal Al Ghad English - 2015-11-14 07:03:32
Kazakhstan has suspended tourist flights to Egypt due to safety concerns after a Russian passenger plane crashed there killing all 224 people onboard, Kazakh tourist companies and an airline said on Friday. Tez Tour Kazakhstan, one of Kazakhstan's leading tourist companies, said in a statement to its clients that tourist flights to Egypt had been stopped on Nov. 12 by an order from the Central Asian nation's Civil Aviation Committee. Kazakh airline Scat, the only Kazakh carrier offering charter flights to Egypt's Red Sea resort of Sharm el-Sheikh, said the next flight on Nov. 17 would be made only to evacuate the travellers whom it brought there on Nov. 7. "We have received a request from our tourist firms to stop flights there because of a decline in demand for this route," Scat spokeswoman Viktoria Ulyanova told Reuters by telephone. "We also received a recommendation from the Civil Aviation Committee to suspend flights," she said. Tez Tour sent its clients a copy of the telegram it had received from the aviation authority, which said it had conducted a safety assessment, finding "a high level of threat to aviation security for Kazakhstan's airlines flying to Egypt". More»
Amwal Al Ghad English - 2015-11-14 07:01:40
Two people were shot and killed in North Sinai by unknown assailants early Friday, Ahram Arabic news website reported. The two people were shot by militants, according to eyewitnesses west of Rafah city in North Sinai governorate. The two bodies were transferred to Rafah Central hospital. The North Sinai prosecution is currently investigating the attack. On Thursday, eight civilians were killed in their home in Al-Arish by unknown assailants. Militants have killed hundreds of police and army personnel since 2013 in North Sinai, while the authorities also claim they have killed hundreds of Islamist militants in military campaigns in the governorate. Civilians are also among those killed. The Islamist group Ansar Beit Al-Maqdis, which pledged allegiance to the ISIS group last year, has claimed responsibility for most of the attacks against security forces in Sinai. More»
Amwal Al Ghad English - 2015-11-13 15:00:15
Russian aviation agency Rosaviatsia has decided to ban flights by EgyptAir, Egypt's state-run flag carrier, to Russia, effective as of Nov. 14, an official of the Moscow Domodedovo airport stated Friday. Rosaviatsia declined to comment when contacted by Reuters. More»
Amwal Al Ghad English - 2015-11-12 18:12:57
Egyptian President Abdel Fattah al-Sisi has asked top officials to finalise all the legal and technical procedures in order to carry out a Russian bid to establish a nuclear power plant on the country's Mediterranean coast, a presidency statement read Thursday. Sisi met with Prime Minster Sherif Ismail, Minster of Electricity Mohamed Shaker, Minister of Finance Hani Qadry, and the head of the financial affairs authority for Egypt's armed forces. "Both the electricity and the finance ministers displayed the benefits of the Russian nuclear power plant,” the statement read, adding that “the president asked officials to complete the final procedures in order to approve the Russian offer and launch the construction of the project officially.” In October, a senior official at Russia's state-owned nuclear firm Rosatom announced that talks for a contract to build a nuclear power station in Egypt had reached their final stages. Anton Moskvin, Rosatom's overseas vice president, told Reuters that the deal was expected to be signed by the end of the year and the project will be completed in 2022. The planned plant would be located at an existing nuclear site in Dabaa on the Mediterranean coast, west of Alexandria. In 2009, the now-dissolved National Democratic Party had plans to build a nuclear power plant on the site, but the project was halted due to political turmoil. It was revived again in 2013 under interim president Adly Mansour. Following the ouster of former president Mohamed Morsi, Egyptian-Russian relations have been strengthened in terms of diplomatic and military cooperation. Egypt has experienced periods of electricity shortages in recent years, at times causing frequent blackouts. More»
Amwal Al Ghad English - 2015-11-12 14:20:31
Ethiopia will abide by the results of technical studies on the Grand Renaissance Dam, the country's new water minister told Al-Ahram newspaper on Thursday. Motuma Mekasa, the minister of water and energy, said Ethiopia is hoping for a final agreement on the under-construction dam after the current round of tripartite negotiations and studies are completed, and is ready to work with Sudan and Egypt to that end. The Ethiopian minister indicated his country would not be opposed to joining a shared mechanism with Egypt, Ethiopia and Sudan that would manage the Nile's water resources and projects. Addressing Egyptians who may have concerns about the dam's impact on Egypt's water supply, Mekasa said that the dam won't harm the Egyptian people, and that his country would not build a dam that harms the people of any nation. Egypt has repeatedly expressed concerns that Ethiopia's $4.2 billion dam on the Blue Nile, the construction of which is said to be at least 40 percent complete and is set to finish in 2017, would negatively affect its share of the Nile water. "The ninth tripartite meeting held in Cairo early November witnessed discussion between the three countries on mechanisms of how the Dutch and French consultancy firms will be working together to fulfill their studies on the dam," Mekasa told Al-Ahram. In March 2015, Egypt, Sudan, and Ethiopia signed a declaration of principles on the dam, agreeing to safeguard the interests of all three countries. Two foreign consultancy firms, one Dutch and one French, have been chosen to carry out reports assessing the dam's negative effects on Egypt and Sudan, if any. "Since the date of signing the principal of declaration we have all been coordinating together; however the two consultancy firms have reached a deadlock so we were trying to find a new mechanism for both firms in our last meeting in Cairo," explained the new Ethiopian minister. A tenth round of talks is scheduled to take place from 21-23 November in Khartoum. According to Mekasa all conflicts should be resolved in this round. The dam, scheduled to be completed in 2017, will be Africa's largest hydroelectric power plant with a storage capacity of 74 billion cubic metres of water. More»