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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 - 2015-02-14 09:33:45
Releasing the two Al Jazeera English journalists detained in Egypt was a positive move, the Human Rights Watch said in a statement on Friday. Egyptian authorities should drop all charges against the two Al Jazeera English journalists conditionally released on February 12, 2015, and free all other unjustly jailed journalists. Prosecutors have presented no evidence of wrongdoing by the Al Jazeera journalists, and the prosecution of journalists in general is a violation of basic rights protected by both Egypt’s constitution and international law. At least 9 and possibly as many as 67 journalists remain in prison in Egypt, according to human rights and media freedom groups, including some held for months without trial. A Cairo criminal court allowed the release of Al Jazeera journalists Mohamed Fahmy and Baher Mohamed following a January 1 decision by Egypt’s highest appeals court, the Court of Cassation, to quash their convictions and order a retrial. The court released Fahmy, a Canadian, who recently relinquished his Egyptian nationality, on bail of 250,000 Egyptian pounds (about US$32,800) and required him and Mohamed, an Egyptian, who was released without bail, to report to the police daily while awaiting their retrial, according to media reports. Authorities released and deported a third Al Jazeera journalist, Peter Greste, an Australian, on February 1. “Releasing Fahmy and Mohamed was a positive move, if overdue, but they should never have been imprisoned in the first place,” said Sarah Leah Whitson, Middle East and North Africa director. “The authorities should drop the charges against them and other Egyptian journalists locked up simply for doing their job.” In its ruling quashing the convictions and sentences – 10 years for Mohamed and 7 for Fahmy and Greste – the Court of Cassation strongly criticized the trial court verdicts. A month later, authorities deported Greste under a November 2014 presidential decree allowing the deportation of foreign defendants whenever “supreme national interests” warrant. Fahmy subsequently renounced his Egyptian citizenship to seek deportation under the same decree. But his release conditions appear to preclude the possibility that he can leave Egypt, one of his lawyers told the Arab21 news website. During the February 12, 2015, court session, Fahmy said that an unnamed “high-ranking security official” had twice asked him why he had not renounced his Egyptian citizenship, telling him that “nationality is in the heart and not on a piece of paper” and that the authorities wanted the case to be over, according to a report on the session on Aswat Masriya website. The arrest and unjust imprisonment of the Al Jazeera journalists rightly prompted international condemnation, but other journalists imprisoned in Egypt deserve the same attention, Human Rights Watch said. The Committee to Protect Journalists (CPJ) has named nine other journalists detained on charges such as “publishing false news” or serving prison terms in connection with their reporting since the military took power on July 3, 2013, and ousted President Mohamed Morsy. According to the CPJ, seven other journalists have been killed in the line of work, but the Egyptian authorities have not conducted independent investigations into any of their deaths. The CPJ ranked Egypt third among the most dangerous countries for journalists in 2013, and Reporters Without Borders named it one of the five worst countries for jailing journalists in 2014. Egyptian watchdog organizations say the number of journalists in prison is considerably higher. In November, the Egyptian Observatory for Rights and Freedoms (EORF) said it had documented the arrests of 92 journalists since the military took power, 67 of whom were still in prison. The group said it had documented six military trials of journalists in the months following Morsy’s ouster. Mahmoud Abu-Zeid, known as Shawkan, a journalist arrested while covering the violent Rabaa Square protest dispersal in August 2013 for the French international newswire service Demotix, has been held without trial for more than 550 days. Earlier in February 2015, following Greste’s release and deportation, Shawkan wrote a letter titled “Rescue Me,” expressing his frustration over the authorities’ unwillingness to release journalists other than those with foreign nationality or the backing of major international media outlets. Another journalist, Ahmed Gamal Ziyada, a photographer for the online news website Yaqeen, was arrested by police on December 28, 2013, while he covered student protests at Al Azhar University in Cairo. Yaqeen told the CPJ that authorities accused Ziyada in April 2014 of participating in an illegal demonstration and assaulting a police officer. Reporters Without Borders said police also accused him of carrying a firearm. In August, Ziyada went on hunger strike. He is now on trial alongside 76 students, his lawyer told France 24. “Egypt’s government needs to wake up to the damage it is doing to the country’s reputation by locking up journalists and other media workers simply for doing their job,” Whitson said. “Attacking the messenger is never good policy and it is one the Egyptian authorities should abandon.” More»
Amwal Al Ghad English - 2015-02-14 09:31:29
The sale of 24 Rafale fighter jets to Egypt is likely to inspire other potential clients in the Middle-East and Asia, the Chief Executive of Dassault Aviation said on Friday. "I think that this sale to a big Arab country will snow-ball," Eric Trappier told RTL radio. "There are other potential clients in the Middle-East... Qatar is looking, this is not news,... we are also trying to project ourselves in Malaysia," he added. Commenting on a stalled deal to supply 126 Rafale fighter jets to the Indian Air Force, Trappier said: "India will take longer than Egypt," French President Francois Hollande said on Thursday Egypt would order 24 Rafale fighter jets, a naval frigate and related military equipment in a deal to be signed in Cairo on Monday worth more than 5 billion euros ($5.70 billion). More»
Amwal Al Ghad English - 2015-02-14 09:09:59
The self-proclaimed ‘Islamic State’ (ISIS) has allegedly published photographs of 21 abducted Coptic Christian Egyptians in Libya, while the Egyptian presidency stated Thursday it will follow up on the incident. Egypt will “spare no effort in tracking down kidnapped Egyptian citizens” in Libya, a presidential statement said on Thursday. The statement added that Egypt will continue communicating with “official and unofficial Libyan parties” until “the situation is under control”, the statement added. Egypt’s Foreign Ministry has repeatedly warned citizens against going into Libya during the country’s ongoing turmoil. Egyptians constitute a large portion of the labour force in Libya, and have been caught up in militia fighting over the past four years since the Libyan Uprising. Militia in Libya have kidnapped and killed several Egyptian citizen, including a doctor, his wife, and his daughter in December. More»
Amwal Al Ghad English - 2015-02-14 07:30:01
France basked Friday in the "historic" first foreign sale of its Rafale fighter jet to Egypt in a contract clinched in a breakneck three months, despite criticism over rights abuses by Cairo. For Paris the 5.2 billion euro ($5.9 billion) sale is a rare triumph after six failed attempts to export its flagship multi-role combat jet, but analysts criticised double standards as the delivery of two Mistral-class warships to Russia remains stalled over the Ukraine crisis. Rights group Amnesty International has slammed the decision to sell 24 Rafale jets and a frigate to a nation it has accused of "alarming" human rights abuses. President Francois Hollande said the rapid-fire negotiations came because "Egypt wanted a quality aircraft (and) taking into account the threats existing around the country." He said the jets are crucial for Egypt's efforts to bring about stability at home, where it is battling jihadist insurgents in the Sinai peninsula, and in a troubled region. Cairo is so pressed to receive the jets that France is diverting three fighters destined for its own airforce for delivery, said Eric Trappier, chief executive of Dassault Aviation which manufactures the jet, in an interview with BFM television. More»
Amwal Al Ghad English - 2015-02-14 07:27:43
Nine people were injured in a minor blast on Friday morning in northeast Cairo, Egypt's Interior Ministry said. Eight policemen and a civilian were wounded by shrapnel after an improvised roadside bomb targeting a police patrol in the capital's Ain Shams district went off, a ministry statement said. The wounded included a police captain. Security forces are now combing the area, and the injured have been taken to a local hospital. Bombings and shootings have become commonplace in the capital and other parts of the country since the 2013 ouster of Islamist president Mohamed Morsi. The bloodiest attacks however have occurred in the border Sinai region, with hundreds of police and military troops killed. On 30 January a series of coordinated militant attacks in North Sinai killed at least 30 were people, including a number of civilians. More»
Amwal Al Ghad English - 2015-02-12 12:17:26
A court in Egypt has ordered the release on bail of two Al Jazeera journalists, at the start of their retrial on the charge of spreading false news to help a terrorist group. Mohamed Fahmy and Baher Mohamed were imprisoned in June along with their Australian colleague, Peter Greste. Egypt's top appeals court overturned their convictions last month. Mr Greste was freed last week under a law allowing the deportation of foreign nationals to their home countries. Mr Fahmy has given up his Egyptian citizenship to qualify for deportation to Canada, but Mr Mohamed has no foreign passport. The journalists strenuously deny collaborating with the banned Muslim Brotherhood after the overthrow of President Mohammed Morsi by the military in 2013. They say they were jailed simply for reporting the news. 'Worst nightmare' The first trial of the journalists was widely condemned internationally, and the Court of Cassation ruled on 1 January the the Cairo Criminal Court had been "hasty in pronouncing its verdict". On Monday, the deputy head of the Court of Cassation, Judge Anwar Gabry, said prosecutors had failed to present conclusive evidence that the defendants helped the Brotherhood or promoted the group. More»
Amwal Al Ghad English - 2015-02-12 09:42:17
Egypt's economy is finally recovering after years of turmoil, Egyptian Prime Minister Ibrahim Mahlab said on Wednesday. The Egyptian leader made the conclusion citing recent economic indicators while addressing a three-day United Arab Emirates (UAE) government summit. Economists predicted that Egypt is going to see a four pct economic growth during the current fiscal year, up from the 2.2 pct in previous one, said Mahlab. He also attributed Egypt's economic recovery to the government's plan regarding subsidies system reforms so as to lighten the pressure on the public budget. New incentives and infrastructure projects across Egypt have also helped to spur economic growth, create job opportunities, and promote an investor-friendly legislative environment, he added. He also noted that the Egyptian stock market "exceed expectations" last year, and that in December, rating agency Fitch upgraded Egypt's long-term foreign and local currency Issuer Default Ratings from 'B-' to 'B.' The prime minister added that the second Suez canal project and a new 3,400 km-long transport network connecting Egyptian cities would be instrumental for the most populous Arab country to boost its economic comeback. Also in his speech at the summit, Mahlab said the next parliamentary elections in March and April this year will pave the way towards a "new democratic Egypt. Mahlab added that preparations were underway to ensure the elections are fair and democratic. The prime minister also said that his country is ready to join the UAE in a drive to battle terrorist groups, adding that "Egypt aims to secure its people and the Arab world from terrorism." More»
Amwal Al Ghad English - 2015-02-12 07:13:33
The African Development Bank (AfDB) Group has contributed $140m to the Sharm El-Sheikh Airport development project, investment firm EFG Hermes said on Tuesday. Development at the airport will include increasing the airport’s capacity from 10 million passengers a year to 18 million. This will occur through building a new terminal, developing airfield work, including runways, taxiway system, visual aids, service roads and tunnels. In October 2014, Islamic Development Bank (IDB) announced it had approved $230.2m for the development of Sharm El-Sheikh Airport. The bank had previously allocated $226.8m to the project. In August, Egypt was said to be negotiating with the World Bank for a loan worth $318m to develop the airport. Furthermore, the AfDB was said to have refused the loan to Egypt for the same purpose due to the volatile political conditions. Hurghada Airport is currently also being developed to raise its capacity to 13 million passengers annually. More»
Amwal Al Ghad English - 2015-02-12 07:10:58
Tourist occupancies in Marsa Alam increased from 35% last week to 45% this week, according to the vice chairman of the Investors Association in the region, Tarek Shalaby. Shalaby also mentioned that the occupancy rate increased during the week with the growing flow of tourists from Western Europe, especially Italy. This rise was also due to the growing flow of Egyptian families who are on their mid-year vacation. Regional investments amount to EGP 10bn, and include 15,000 rooms as well as about 7,000 rooms under construction, Shalaby added. He requested the Ministry of Civil Aviation reduces trip costs for Egyptian families, saying: “It is unreasonable that the trip costs EGP 2,000 per capita.” The region hopes travel costs for Egyptians are reduced to encourage more occupancy, in light of the decline on foreign arrivals to the country over the past four years. According to Shalaby, hotels have negotiated with private airlines to launch a four-night tourism programme with prices starting from EGP 1,200. This includes accommodation and flight tickets, but the deals are facing hefty fees from the Marsa Alam International Airport, as it is considered a private airport. More»
Al Zahraa Mostafa - 2015-02-11 14:56:13
Egyptian Ministry of Social Solidarity had approved in January grants and cash donations worth EGP 42 million to 42 civil societies in 11 governorates, minister Ghada Wali said on Wednesday. In a statement released on Wednesday, the minister stated that the total amount of grants in January reached 60 offered by 41 donors, affirming that Cairo governorate was on the top of governorates benefitted from the grants followed by Aswan and Giza. Wali affirmed that the approval comes within in the framework of the ministry's support to the civil societies as being a partner in the social development process. Those grants have been designated to enable civil societies to execute several important social projects that care about society and its different categories. The projects aim to develop youth’s capabilities through awareness programmes and employment projects in addition to provide the good care for citizens with special needs. The projects also target implementing literacy projects, providing health services for number of unprivileged and marginalized areas. Moreover, it also seeks to establish a number of projects to support youth socially and economically as well as supporting women rights. More»