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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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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        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        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 - 2014-07-16 07:39:54
It is not so much that Egypt worries about the fate of Hamas – with which Cairo is openly at odds, to say the least. It is that Egypt, which had suffered a considerable decline in its foreign policy posture over excessive internal engagement, is concerned that it would no longer be the ultimate point of reference when it comes to Gaza – an effective backyard that remained under Egypt’s supervision from 1948 until the 1967 occupation and which is turning, according to the intelligence assessment in Cairo, into a clearly hostile constituency regardless of any affiliation to Hamas. “Let us be clear about one thing; Hamas might deny it all it wants, but the fact of the matter is that 1) Hamas had been involved in destabilising security in Sinai in support of the Muslim Brotherhood, who were ousted by the will of the Egyptian people and 2) Hamas leaders have declined to heed our advice to avert the onset of hostilities a few weeks ago and decided to take the risk at the expense of unshielded Palestinian civilians in Gaza,” said an Egyptian official. According to this and other officials, Hamas leaders rejected the appeal extended by top Egyptian intelligence officials that warned of an upcoming long and heavy military attack by Israel when three of its settlers were taken hostage. At the time, Egypt mediated for their release but, rather than having them freed, Hamas -- held responsible in Cairo for tolerating, if not directly orchestrating, the kidnap and execution of the teenagers -- turned a blind eye until the three were killed. “Today, Hamas is no less stubborn and it is not willing to immediately go for a ceasefire that would spare its people from further Israeli wrath; in fact, I could say that there is more willingness on the side of Israel to pursue a ceasefire than on the side of Hamas,” the same official said. He added, “It is clear that [Israeli Prime Minister Benyamin] Netanyahu does not want, despite his threats, to get stuck with a ground invasion that would deliver the objective of eroding the military capacity of Hamas – much less considerably demolishing Hamas itself.” More»
Amwal Al Ghad English - 2014-07-16 07:37:30
Zagazig's criminal court has given seven year prison sentences to former member of parliament and Muslim Brotherhood leader Farid Ismail along with 10 other supporters of ousted Islamist president Mohamed Morsi . Ismail and the other 10 defendants faced charges of inciting violence after the ouster of Morsi last July. The Zagazig court also sentenced Morsi's nephew, Mohamed Said, to five years in jail in a separate case on charges of inciting violence against police and military forces. Ismail was an MP in the former People's Assembly (lower house of parliament) and was later appointed a member of the Shura Council. He was also member of the Constituent Assembly that drafted the 2012 constitution – which was amended and then passed through a referendum in January of this year. Egypt's government has waged a crackdown on prominent Brotherhood leaders and Morsi supporters since his ouster. Morsi himself faces a number of charges including espionage and breaking out of prison in the January 2011 uprising. More»
Amwal Al Ghad English - 2014-07-16 07:34:45
Egypt's interior ministry will investigate an alleged torture case in a Cairo police station, a security source told Reuter's Aswat Masriya. The alleged torture incident, recorded in a one-minute Youtube video, shows someone, who appears to be suffering, lying on the ground asking for help. The video also shows a bystander demanding the injured be transported to the hospital. Viewers of the video have suspected the incident took place in Ain Shams police station. The source told Aswat Masriya that officials at the interior ministry did not deny or confirm the incident’s occurrence while stating that the incident is being investigated. In its 2014 annual report on usage of torture worldwide, released in May, Amnesty International said that torture remains "endemic" in Egypt. Allegations of torture inside prisons have increased since a security crackdown on supporters of ousted Islamist president Mohamed Morsi and other secular dissidents. In a July television interview on ONTV Satellite channel, Head of the Interior Ministry's Public Relations and Media Department Abdel-Fattah Osman dismissed torture allegations as "fabrications". "[The incidents] have nothing to do with reality or logic," Osman declared. More»
Amwal Al Ghad English - 2014-07-15 09:24:07
Syrian refugees in Cairo are bidding farewell before setting off for the north coast — and beyond, to southern Europe — in greater numbers. At baladi bars serving warm, tucked-away beers, or gatherings in homes around the city, more and more Syrians in Cairo are getting ready to leave. Refugee and rights organizations Al-Monitor spoke with say they are anticipating a wave of refugee migrations across the Mediterranean in the second half of 2014, which many fear could see a repeat of events last year — deaths at sea, mass detentions and top-down incitement against Syrians living in Egypt. Last week, Hala, who requested to have her name changed for this report, celebrated her birthday the same night she packed her belongings for Alexandria. "Life here is … hard," she told Al-Monitor, with an understated sigh, before leaving with a dozen other Syrians the next day. Ayman fled Syria over two years ago. His town, in the Damascus countryside, was razed by the Syrian army. He was later arrested and tortured for months. He now lives in a small flat in October 6th City, with his wife and 1-year-old son, scraping together money by repairing computers for a local IT company. More»
Amwal Al Ghad English - 2014-07-15 09:10:41
The International Monetary Fund (IMF) published 9 July a report on subsidies in the Middle East and North Africa (MENA) region, also outlining the necessary triggers for reform. The IMF listed the key factors in its report, “Subsidy Reform in the Middle East and North Africa”, crucial for the MENA’s success in implementing its subsidy reforms. According to the IMF, Egypt has succeeded in taking into account some of those measures, while it still needs to work on others. Some of the measures that Egypt has implemented include preparation, the role of partners, and mitigation measures. Egypt also needs, however, to work on its pace of adjustment, breadth of reform, and consensus building and communication strategy. More»
Amwal Al Ghad English - 2014-07-15 08:36:34
President Barack Obama praised Egypt's proposal Monday for a cease-fire between Israel and Hamas militants in the Gaza Strip, telling Muslim-Americans that he's hopeful that the plan can restore calm in the wake of a deadly wave of violence. "We're going to continue to do everything we can to facilitate a return to the 2012 cease-fire," Obama said at a White House dinner celebrating the Muslim holy month of Ramadan. "We are encouraged that Egypt has made a proposal to accomplish that goal." The upbeat assessment from Obama came hours after Egypt presented a plan to end a week of heavy fighting that has killed at least 185 people. Both Israel and the Palestinians say they're seriously considering the proposal, which marks the first sign of a breakthrough in international efforts to end the conflict. At the same time, Obama said the U.S. has been "very clear that Israel has the right to defend itself" against an onslaught of rockets being launched indiscriminately by militants from Gaza into Israel. He also lamented the death and injury of Palestinian civilians in Gaza during Israel's military response to quell the rockets, urging that civilians be protected and warning against further escalation by either side. More»
Amwal Al Ghad English - 2014-07-15 08:12:41
Israel approved an Egyptian-proposed deal that would halt the week-old Gaza shelling war on Tuesday but the Palestinian territory's dominant Hamas Islamists responded suspiciously, saying they had not been consulted by Cairo. Hamas's armed wing vowed its attacks would "increase in ferocity and intensity" but Palestinian rocket salvoes waned ahead of the mooted start of mutual de-escalation at 0600 GMT. Israel said there had been two cross-border launches overnight that caused no damage, and that it had bombed 25 sites in Gaza. Palestinian medical officials said a 63-year-old man and a 52-year-old woman were killed - bringing the enclave's death toll to more than 182, most of them civilians. At Israeli military headquarters in Tel Aviv, the security cabinet convened by Prime Minister Benjamin Netanyahu said it voted to approve the truce deal, minutes before it was to come into effect. More»
Amwal Al Ghad English - 2014-07-15 07:41:19
Hierarchical restructuring of the ministry and its institutions is chief among Minister of Finance Hany Kadry Dimian’s current concerns, a ministry official told Daily News Egypt on Monday. “Former executive president and current board member of the National Telecom Regulatory Authority (NTRA) Amr Badawi is one of the main candidates that was elected to handle that file,” the government official said. “Badawi was nominated by the Finance Minister and is just awaiting approval [from the prime minister].” No details have been released on the exact sectors where the restructuring would take place. The official stressed, however, that the financial auditing of institutions affiliated with the Ministry of Finance will be included. “One of the current dilemmas is that it can be an official’s obligation to audit his own boss, which of course creates a problem [of credibility],” the official said. Earlier this month, Dimian announced that the Ministry of Finance plans to submit a bill to regulate the wage system for the cabinet. More»
Amwal Al Ghad English - 2014-07-15 07:41:18
The Egyptian government has commenced the process of revising economic legislation, including contract enforcement laws, the bankruptcy law, the finance market law and others, to ensure conformance to international law, according to Minister of Investment Ashraf Salman. The move comes as part of measures to improve business practices in Egypt, he said. “We are working to strengthen the finance sector and incentivise larger economic growth rates by facilitating measures to initiate activity and decrease the amount of time it takes to incorporate and grant licences to corporations, in addition to the legalisation of the informal economy,” he said. During a meeting on Monday with Najy Benhassine, Executive Director of Trade and Competitiveness at the Word Bank, Salman explained that the government is planning to hold a number of conferences in which an investment roadmap for Egypt will be presented. The purpose of the roadmap is to mobilise Arab and global investment and launch a major development plan. According to a press release issued by the Ministry of Investment on Monday, Salman will consult with a delegation from the World Bank regarding development programmes in Egypt that are partially financed by the World Bank, and is exploring the possibility of the Bank providing funding for small- and medium-sized projects in the hopes of boosting growth. More»
Amwal Al Ghad English - 2014-07-15 07:34:55
The United States has invited Egypt to an African leaders summit in Washington next month, after initially barring Cairo following the ouster of the former Muslim Brotherhood-led government. A US official said the late invitation had been offered as Egypt had recently been allowed back into the African Union after a year's absence. "President Obama invited all African heads of state or government in good standing with the United States and the African Union to attend the US-Africa Leaders Summit," said Ned Price, a National Security Council spokesman. "When the invitations were first issued, Egypt was suspended from the AU. "Upon Egypt's readmission to the AU, we made the decision to invite them." More»