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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 - 2014-11-08 09:20:49
Eleven US-based organisations and individuals wrote a letter to US President Barack Obama on Friday urging him to “engage preventively and use all available means to make clear to President Al-Sisi that there will be serious consequences if there is a further crackdown on NGOs”, Human Rights Watch reported. Their requests come in light of the upcoming 10 November deadline for NGOs to register under the controversial, and “highly restrictive” 2002 NGO Law on Associations. The signatories also requested the US president to “make clear the consequences of enforcing such a restrictive law are a central concern for the US-Egypt bilateral partnership”. As the letter stated, dozens of independent organisations are expected to be shut down due to not having been granted permits by the Egyptian government. Egyptian authorities have undertaken a policy of increased repression of civil society over the past 18 months. In addition, the 2002 Law grants Egyptian authorities the power to shut down, freeze assets, block funding, confiscate property, and reject the governing boards of any organisation. Many organisations that are critical about the performance of the current government, especially its human rights record, will feel the consequences of the law. “The law clearly violates international freedom of association standards,” the letter read. The letter was signed by Human Rights Watch, Amnesty International, International Center for Journalists, the Committee to Protect Journalists, Freedom House, Foreign Policy Initiative, Human Rights First, and the Project on Middle East Democracy. The signatories demanded that the Obama administration not take “a ‘wait-and-see’ approach to this serious threat,” adding that Obama should “make good” on his recently stated commitment to, in his own words, “stand with the courageous citizens and brave civil society groups who are working for equality and opportunity and justice and human dignity all over the world.” More»
Amwal Al Ghad English - 2014-11-08 09:13:35
Egypt is considering whether to ban news about its armed forces, after the cabinet drew up a draft law that would outlaw coverage of military activity without prior approval from senior military officials, several Egyptian newspapers have reported. The proposed law would ban “the disclosure or display of any news or information or statistics or data or documents relating to the armed forces or its formation or movements or equipment or work or plans”, according to a leaked version of the legislation. The army is the single most influential institution in contemporary Egypt and revered by a majority of Egyptians. But its critics have drawn attention to the lack of oversight in the military budget, and lack of accountability for its alleged human rights abuses, including the disappearances of hundreds of civilians inside military institutions. Human rights groups denounced the proposed law as the latest of many moves aimed at extending military control over the country and ending the freedoms gained after Egypt’s 2011 uprising. It follows the placement last week of large parts of Egypt’s civilian infrastructure under military jurisdiction; the banning of unlicensed protest last November; several mass shootings of demonstrators; and the effectively arbitrary detention of tens of thousands of both secular and Islamist opposition members over the past year. It also comes days before a likely crackdown on rights-focused NGOs that activists fear will begin on 10 November. Commenting on the proposed law, Mostafa Shaat, a researcher at the Cairo-based Association for Freedom of Thought and Expression (AFTE), said: “It’s really shocking to know that people in Egypt can’t yet access the basic information about where their money is spent. The law should be seen in the context of the ongoing crackdown on the public sphere and the unprecedented limitations and restrictions that the army has recently imposed. This law, if ever enacted, will violate people’s right to access information and to their right of However, a significant proportion of Egyptians are supportive of a return to authoritarian order, exhausted by the upheaval created by the 2011 uprising and frightened by a wave of terrorist strikes that have rocked the country since last summer’s regime change. Seventeen editors of major state and private newspapers last week agreed to avoid criticism of the state, reiterating “our rejection of attempts to doubt state institutions or insult the army or police or judiciary in a way that would reflect negatively on these institutions’ performance”. Egyptian officials have consistently denied accusations of widespread torture and judicial irregularities. Hisham Badr, a foreign ministry official, told UN ambassadors this week that critics of Egypt’s rights record were “dealing with conditions in a country other than the Egypt in which we live”. Spokesmen for Egypt’s presidency and foreign ministry said they needed to speak to colleagues before commenting on the proposed law. More»
Amwal Al Ghad English - 2014-11-08 07:19:41
Egypt’s education minister Mahmoud Abu El-Nasr said he takes responsiblity for Wednesday's deadly accident that claimed the lives of students, but believes that resigning isn't the right reaction. "I wanted to resign after the deadly crash that killed students but then thought a soldier should not run away from the battle," Abu El-Nasr told Al-Arabiya news website in an interview late Thursday. On Wednesday, 18 people, mostly students, were killed and as many were injured when a school bus hit a truck in Beheira governorate in the Nile Delta. Abu El-Nasr said that he is responsible for all Egyptian students and all the recent accidents that have been lately taking place in schools. He promised that the number of these incidents will decrease in the upcoming period. The education ministry has witnessed three incidents that killed three students in October alone. One student was killed and another injured when they were hit by a vehicle delivering food supplies to a primary school in Atfieh, Giza. A seven-year-old student was killed two weeks into the month during recess in a school in the town of Negila in Marsa Matrouh governorate when the school's gate fell on him. Earlier in October, a student in third primary class in a school in Cairo's Mataria district was killed when the window glass of his classroom fell and broke through his neck. In 2012, 50 students died when a school bus crashed with a train killed in Upper Egypt’s Assiut, sparking anger nationwide. More»
Amwal Al Ghad English - 2014-11-08 07:16:06
Libya's ambassador in Cairo, Mohamed Faiz Gabriel, spoke to Al-Ahram about the security situation in the war-devastated country. Gabriel offered his perspective on the regional and international contexts impacting developments in Libya. Here are the senior diplomat's responses to our questions. Al-Ahram Hebdo: First, what is your view on Egyptian President Abdel-Fattah El-Sisi's recent statement on the situation in Libya? Ambassador Mohamed Faiz Gabriel: With great interest I followed President El-Sisi's interview with the Saudi Okaz newspaper. He said that Egypt stands with the will of the Libyan people, and asserted that Egypt will not hesitate to support them if they ask for support, to serve purposes of peace and stability. We are confident given this stance and El-Sisi's backing of Libya's army, lately-elected parliament, and legitimate government. This Egyptian initiative seeks to maintain the unity of Libyan territory, reconstruct state institutions and encourage political forces to engage in politico-partisan activities and renounce violence. It is said some regional and international powers are part of the conflict in Libya. Who are those powers? The UN Security Council recently issued a resolution that backs the political process in Libya and warns — as well as criminalises — any state providing arms support to Libyan militias, or taking the side of one Libyan party against the other. I hope that all neighbouring countries abide by these conditions, because they can lead to stability in Libya. I also wish that all states follow Egypt's approach towards Libya as it is based on neutrality towards all parties. More»
Amwal Al Ghad English - 2014-11-08 07:13:28
A Cairo appeal court on Friday released 11 defendants accused of membership in the now-banned Muslim Brotherhood on bail of LE 30,000 pending re-trial. The defendants were arrested in Tanta, a city located in northern Cairo, in August 2013, soon after the violent dispersal in Cairo of two large camps of protesters calling for the return of ousted president and leading Brotherhood figure Mohamed Morsi. The 11 defendants are accused of belonging to a terrorist group, inciting violence and riots. The Muslim Brotherhood was declared a terrorist organisation by Egyptian authorities in December 2013. A government crackdown on the group following the dispersal of pro-Morsi protest camps in August 2013 landed hundreds of members of the Muslim Brotherhood in jail on charges of inciting violence. More»
Amwal Al Ghad English - 2014-11-08 07:07:59
A truck driver whose vehicle collided with a school bus in Beheira on Wednesday, killing 18 people, has tested positive for drugs, according to Egypt’s prosecution service. Al-Ahram Arabic news website reported that the general prosecution is investigating the 25-year-old driver who was arrested on attempting to flee the accident site. He was detained for four days pending investigations and now he faces manslaughter and drug possession charges. Prosecutor-general Hisham Barakat has said that defendants involved in the crash will be referred to a criminal trial. The families of the deceased have also reportedly collected their relatives’ bodies for burial after tests were carried out. On Wednesday, the Egyptian army sent a medically-equipped plane to the area to attend to the victims’ needs. The social solidarity ministry has set aside LE10,000 for each family of a deceased victim and LE4,000 for each family of an injured victim as temporary "humanitarian assistance" and not legal compensation. More»
Amwal Al Ghad English - 2014-11-08 07:00:59
Two died and five were injured in clashes between security forces and pro-Morsi protesters on Friday in Cairo and Fayoum, south of Nile Delta. One man was killed and two were injured after being shot during protests in Cairo's Ain Shams district, Head of Ambulance Authority Ahmed El-Ensary told Ahram Online. Meanwhile, a 19-year-old student died while a policeman and two conscripts were injured in Egypt’s Fayoum governorate, a security source told state-run agency MENA reported. The supporters of Morsi were protesting after Friday prayers when security forces came to disperse them. A number of small protests also broke out in Cairo’s Talbiya district and 6 October City after Friday prayers with protesters chanting slogans against the army and the current regime. The National Alliance to Support Legitimacy (NASL) – the largest coalition supporting Morsi – called on its supporters to protest on Friday in solidarity with all detained students and all Egyptians who have been evacuated from Sinai. Weekly demonstrations after Friday prayers have been common since Morsi’s ouster last year. More»
Amwal Al Ghad English - 2014-11-06 08:51:12
Egypt's human rights record has been criticised during a session of the UN Human Rights Council (UNHRC). At a regular review process, which all member states undergo, the US and UK envoys to the UNHRC urged Egypt to free political prisoners and investigate alleged abuses by security forces. Rights groups say Egypt's record has worsened since President Hosni Mubarak was ousted in 2011. Egypt's deputy Foreign Minister Hesham Badr rejected the claims. Mr Badr said the criticisms were based on "misconceptions" and that Egypt's government has made efforts to institute reforms. The minister asked whether some delegations were "dealing with conditions in a country other than Egypt in which we live". Keith Harper, US ambassador to the UNHRC, said Egypt had violated "freedoms of expression, peaceful assembly and association [and] deprived thousands of Egyptians of fair trial guarantees". 'Excessive force' Some Egyptian human rights organisations refused to attend the hearing, fearing reprisals when they returned home. The UNHRC says it will publish its findings and non-binding recommendations on Friday. The review is Egypt's first since Mr Mubarak was forced out of office. Human rights groups say since then there have been mass detentions of government opponents and the deaths of hundreds of protesters. In 2013, Egypt's army chief ousted Mr Mubarak's successor President Mohammed Morsi. Under President Abdel Fattah al-Sisi there has been a crackdown on Mr Morsi's Islamist supporters with hundreds killed and imprisoned. Mr Sisi also outlawed the pro-Morsi Muslim Brotherhood and has suppressed media freedoms and public protests. More»
Amwal Al Ghad English - 2014-11-06 08:44:59
British Ambassador to Egypt John Casson said that the UK urges Egypt to engage constructively with the important issues raised in the UK statement during the 20th session of the United Nations Universal Periodic Review (UN UPR) that took place in Geneva on Wednesday. The UK encourages the Egyptian government to implement the fundamental rights and freedoms in full,” said Casson in a Wednesday statement. Karen Pierce, UK Permanent Representative to the UN and International Organisations in Geneva, said that the UK remains concerned at the numbers of detainees in pre-trial detention, reports of mistreatment or torture, use of mass trials and trial irregularities, retention of the death penalty, and restrictions on freedom of expression and freedom of assembly, as well as the decreasing space for civil society and the media to operate. The UK recommended the full implementation of the government’s provisions for the free operation of civil society in Egypt, including through a revised NGO law that conforms to international standards and protects freedom of expression. It also recommended the completion of the National Strategy on Violence against Women with a clear, credible implementation plan and that involves hosting the Special Rapporteur for Violence against Women on a visit to Egypt. “The United Kingdom supports a stable, prosperous, and democratic Egypt. Human rights are integral to this vision because no country can enjoy long-term stability, prosperity, and democracy without protecting the fundamental rights of its people,” Casson said. The British ambassador also said that the UK welcomes President Abdel Fattah Al-Sisi’s commitment at the UN General Assembly on 24 September 2014, to build a state that respects rights and freedoms, including the rule of law and the freedom of expression for all. “The UK supports the important personal and civil freedoms in the constitution endorsed by the Egyptian people this year,” Casson added. Egypt’s constitution, voted into effect in January by a landslide vote, received praise in Geneva, but concern was raised over the application of the provisions enshrined in the constitution. Egypt’s delegation to the UN headquarters was headed by Minister of Transitional Justice Ibrahim El-Heneidi and included representatives from the Ministry of Foreign Affairs, the Ministry of Social Solidarity, the Ministry of Interior, the general prosecutor’s office, and the National Council for Women. Egypt appeared before the UN Human Rights Council as part of the Universal Periodic Review, which is the UN’s peer-to-peer review of human rights in every UN member state. Each country appears before the UPR every four years and other UN member states have the opportunity to make statements. More»
Amwal Al Ghad English - 2014-11-06 08:40:58
In an op-ed to Los Angeles times and Huffington Post published this week, Nobel laureate in chemistry Ahmed Zewail argued the US should not cut aid to Egypt to maintain regional peace and enhance democracy. Zewail further defended his view saying that the US needs Egypt's partnership to preserve the peace treaty with Israel and fight terrorism in the region. The prominent scientist warned of the danger of cutting aid by pointing how the Soviet Union filled in the void left when US cut aid during former president Gamal Abdel-Nasser's presidency. He added that it was only when president Anwar El-Sadat restored relations with the US was peace achieved between Egypt and Israel. Zewail denied claims that the presidential elections that brought former army chief Abdel-Fattah El-Sisi to the presidency were rigged adding that the support he still has is proof. He opined that had El-Sisi not have popularity he could not have embarked on recent economic reforms including cutting subsidies on energy and bread. Highlighting remaining controversial issues such as laws governing NGOs, political prisoners awaiting trial and the need to reintegrating the Muslim Brotherhood into politics, Zewail said the US should "engage Egypt through direct dialogue and partnership" and "wield its considerable soft power". Zewail's article comes amid recurrent calls from members of congress since the ouster of Islamist president Mohamed Morsi last July to freeze aid to Egypt. In October of last year, Washington withheld from the Egyptian government deliveries of tanks, fighter aircraft, helicopters and missiles, as well as $260 million in cash aid, saying it was pending progress in the areas of democracy and human rights. However, recently the US released ten Apache helicopters in support of Egypt's fight against terrorism in Sinai and allowed the release of its annual $1.3 billion military assistance package. More»