amwalalghad :: International News

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        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        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        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 - International News

Amwal Al Ghad English - 2016-05-21 10:02:59
The Secret Service has shot an armed man outside the White House, according to US officials. Police told ABC News that a man brandished a weapon at a security checkpoint near the building and was shot in the stomach. The White House was briefly placed on lockdown after the shooting on Friday. President Barack Obama was playing golf in Maryland at the time. The man was transported to hospital with critical injuries, officials said. Vice-President Joe Biden was in the White House at the time. He was taken to a "secure area" during the incident, White House officials said. More»
Amwal Al Ghad English - 2016-05-18 09:23:16
G7 leaders agree on the need to take measures to boost global demand and eliminate factors that hamper productivity amid lingering risks to the world economy, Japanese Prime Minister Shinzo Abe said on Wednesday. "There are downside risks to the global economy," such as the fallout from China's slowdown, Abe said during a debate with opposition party leaders. "I've called on the need to create demand and to remove supply-side constraints," Abe said, in explaining what he discussed with European leaders during his visit to Europe earlier this month. Japan will host a summit of the Group of Seven (G7) advanced economies in western Japan next week, where policy steps to address subdued global growth will be high on the agenda. Abe said the G7 leaders have a shared understanding on the risks clouding the global outlook. "None of the leaders believe there's no need to worry that such risks may materialize." Deploying fiscal stimulus steps could help boost growth particularly when Japanese, U.S. and European central banks implement ultra-loose monetary policy, Abe said. "This view is shared among Japan, the United States, Canada, Italy, France and the European Union," he said, leaving out Germany and Britain among G7 nations. Abe has struggled to gain consent among the G7 nations for coordinated fiscal action to spur global growth, with countries such as Germany and Britain insisting on fiscal austerity. More»
Amwal Al Ghad English - 2016-05-17 10:01:45
Republican presidential candidate Donald Trump is scheduled to meet on Wednesday with former Secretary of State Henry Kissinger, the Washington Post reported on Monday, citing three people close to Trump. The meeting in New York comes after weeks of telephone conversations between Trump, the presumptive Republican nominee, and Kissinger, who was a top adviser to Presidents Richard Nixon and Gerald Ford, the Post said. Last week, Trump met with former Secretary of State James Baker, who told a congressional hearing on the same day as the meeting that Trump's foreign policy proposals would make the world a less stable place. Trump has been criticized for suggesting the United States should rethink the North Atlantic Treaty Organization and that Japan and South Korea should consider getting nuclear weapons to defend themselves. More»
Amwal Al Ghad English - 2016-05-17 09:30:07
Australian counter-terrorism police on Tuesday carried out raids across Melbourne connected with five men accused of planning to travel to Syria to join Islamic State via a journey that would start with a motor boat trip from Australia to Indonesia. "The Victorian Joint Counter Terrorism Team are currently executing a number of warrants in the northern and north-western suburbs of Melbourne as a part of Operation Middleham," a Victoria state police spokeswoman said. The men, aged between 21 and 31, were charged on Saturday with preparing to enter a foreign country "for the purpose of engaging in hostile activities," an offense that carries a maximum penalty of life imprisonment. The five, who were not named, were arrested last week after towing a seven-meter (23-foot) motor boat almost 3,000 km (1,865 miles) from Melbourne to Cairns in the northern state of Queensland. In an unrelated incident police in Sydney said that they had on Tuesday arrested an 18-year-old man for allegedly planning a terrorist act. "We will allege that this individual was looking at possible sites in Sydney to undertake a terrorist attack and was making arrangements to acquire a firearm," Australian Federal Police Deputy Commissioner Neil Gaughan told reporters. Police will also charge the teen in connection with a failed attempt to leave Australia in February to conduct "hostile acts" in a foreign country, Gaughan said. After he was barred from traveling abroad at Sydney Airport, Gaughan said, he turned his attention to carrying out a domestic attack. The charges carry a maximum penalty of life imprisonment. Australia, a staunch U.S. ally, has been on heightened alert for attacks by home-grown radicals since 2014 and authorities say they have thwarted a number of potential ones. There have been several "lone wolf" assaults, including a cafe siege in Sydney that left two hostages and the gunman dead. About 100 people have left Australia for Syria to fight alongside organizations such as Islamic State, Australia's Immigration Minister said last month. In 2014, police shot dead a Melbourne teenager after he stabbed two counter-terrorism officers. Three months later, two hostages were killed when police stormed a Sydney cafe to end a siege by a lone gunman, who was also killed. A 15-year-old boy fired on an accountant at police headquarters in a Sydney suburb last October and was then killed in a gunfight with police. More»
Amwal Al Ghad English - 2016-05-16 10:51:29
Turkish President Recep Tayyip Erdogan on Sunday lashed out at Europe's silence over the execution of a veteran Islamist leader in Bangladesh, accusing the West of "double standards." "If you are against political executions, why did you remain silent to the execution of Motiur Rahman Nizami who was martyred a couple of days ago," Erdogan said in a televised speech in Istanbul. "Have you heard anything from Europe? ... No. Isn't it called double standards?" Erdogan said. Nizami, leader of the Jamaat-e-Islami party, was hanged at a Dhaka jail late Tuesday for the massacre of intellectuals during the 1971 independence war with Pakistan. More»
Amwal Al Ghad English - 2016-05-16 08:24:12
Boeing Co's (BA.N) high-tech 787 Dreamliner has had its share of trouble, from early production delays to batteries that smoked and burned, grounding the worldwide fleet for months in 2013. Now the company's flagship plane is facing a new challenge: slowing sales. Boeing needs to sell dozens of 787s to help recover nearly $30 billion it has spent on production and not yet accounted for in its earnings. But the industry is in a sales slump. Sales of Boeing and Airbus wide body jets have fallen 51 percent since 2013, and some analysts and investors predict that without more 787 sales in the near term, Boeing will have to take a sizable charge to write off some of the 787's deferred costs. The 787 remains popular. Its lightweight composite airframe and new engines cut airline fuel costs as much as 20 percent compared to a conventional, aluminum plane. It can fly longer routes than previous jets its size, and offers passengers large windows, less noise and a more comfortable cabin environment. Boeing has sold 1,154 so far, making it the fastest-selling wide body plane when it came to market. However, the tally falls short of the 1,300 planes Boeing is using as the basis of deferring the charges in its accounting. Many airlines stocked up on 787s before the 2008-2009 financial crisis and do not need to order more now. Airbus's cheaper A330 has also chipped away at 787 sales and low fuel prices have allowed airlines to keep flying older, less efficient planes. "Airlines are coming back to us and saying they would like to extend their leases for two or three years" on older planes, said Aengus Kelly, chief executive of AerCap Holdings (AER.N), which has the world's largest leased wide body fleet. "That's a direct result of low oil," he told Reuters. More»
Amwal Al Ghad English - 2016-05-16 08:11:03
Japanese Prime Minister Shinzo Abe said on Monday a majority of Group of Seven leaders agree on the need to deploy fiscal stimulus measures to boost global demand. Japan will host a G7 finance ministers and central bankers summit on May 20-21, and there are doubts about how much progress policymakers can make in shifting the global economy out of its current spell of slow growth and low inflation. Earlier this month, Abe traveled to Europe to meet G7 heads in preparation for the meeting in Japan. "The G7 doesn't decide things by a majority (vote). The leaders would come up with a communique after a frank exchange of opinions," Abe told lawmakers in the nation's parliament. The summit comes at a critical time for Japan because its economy is struggling to grow and inflationary pressure is losing momentum. First-quarter economic growth data on Wednesday should also add to the backdrop with quarterly gross domestic product GDP forecast to have expanded by just 0.1 percent, according to a Reuters poll. Lingering worries about Europe's sovereign debt burdens, slowing growth in Britain and uncertainty about the pace of interest rate hikes in the United States are also likely to be hot topics during the summit. Abe told lawmakers G7 countries shared a common understanding that slowing emerging markets, particularly China, and volatile oil prices pose risks to the global economy. However, he noted policymakers would naturally tailor their fiscal policy to meet the needs of their own economies, acknowledging it will be difficult to get all G7 countries to enact the same fiscal policy steps. More»
Amwal Al Ghad English - 2016-05-14 10:22:46
Venezuelan President Nicolas Maduro declared a 60-day state of emergency on Friday due to what he called plots from within the OPEC country and the United States to topple his leftist government. Maduro did not provide details of the measure. A previous state of emergency, implemented in states near the Colombian border last year, suspended constitutional guarantees in those areas, except for guarantees relating to human rights. Earlier on Friday, U.S. intelligence officials told reporters they were increasingly worried about the potential for an economic and political meltdown in Venezuela and predicted Maduro was not likely to complete his term. Venezuela's opposition is seeking to recall the unpopular leader, 53, amid a worsening crisis that includes food and medicine shortages, frequent power cuts, sporadic looting and galloping inflation. But the former union leader and bus driver has vowed to stick out his term, and accuses the United States of fomenting an undercover coup against him. He pointed to this week's impeachment of fellow leftist Dilma Rousseff in Brazil as a sign that he is next. "Washington is activating measures at the request of Venezuela's fascist right, who are emboldened by the coup in Brazil," Maduro said during a Friday night broadcast on state television. Washington has had an acrimonious relationship with Caracas for years, especially following U.S. support for a short-lived 2002 coup against late leader Hugo Chavez. Venezuela's ruling Socialist Party has long been a strong ally of Rousseff's Workers Party, however, and her departure adds to Maduro's isolation in Latin America. Flanked by his ministers and a statue of Chavez, Maduro signed a state of emergency and extend a state of economic emergency to protect the country from foreign and domestic "threats," without providing details. Venezuela's opposition, which scoffs at Maduro's accusations of coups-mongering, quickly condemned the measure. "Today Maduro has again violated the constitution," said opposition lawmaker Tomas Guanipa. "Why? Because he is scared of being recalled." More»
Amwal Al Ghad English - 2016-05-14 09:52:21
Brazil's new acting president Michel Temer gave political briefings to US diplomats ahead of elections in 2006, whistleblowing site WikiLeaks said Friday. Two cables published by the site, marked "sensitive but unclassified," contain summaries of conversations Temer had with the US officials, and their critical view of him and his PMDB party. WikiLeaks in a Twitter message claimed Temer, a federal lawmaker at the time, acted as an "embassy informant for US intelligence." The cables, dated January 11 and June 21, 2006, said Temer briefed the then US consul general in Sao Paulo, Christopher McMullen, along with another unidentified political official. In the briefings, Temer spoke of possible plans for his centrist PMDB party to mount an electoral challenge to Brazil's leftist president at the time, Luiz Inacio Lula Da Silva. The PMDB ended up making a coalition with the Workers' Party of Lula and his successor Dilma Rousseff. Rousseff was suspended as president on Thursday pending an impeachment trial against her. Temer stepped up from the post of vice-president to fill her role while the trial takes place. Rousseff called the move a "coup" and branded Temer a traitor for abandoning her governing coalition and supporting the impeachment drive against her. More»
Amwal Al Ghad English - 2016-05-14 09:24:55
Canadian Prime Minister Justin Trudeau praised firefighters on Friday for defending the energy hub of Fort McMurray and promised the federal government would pour money in to its recovery. Trudeau toured the town in a military helicopter and saw a patchwork of neighborhoods destroyed by an inferno that forced the evacuation of all 88,000 inhabitants. Some homes still stood, while others had burned to their foundations. The inferno closed the extensive oil sands operations near the town and the effort to restart them is progressing slowly. The wildfire knocked out nearly half, or 1.07 million barrels per day (bpd), of Alberta's oil sands capacity. The blaze could cost insurers as much as C$6 billion ($4.7 billion), making it by far the most expensive Canadian natural disaster, according to ratings agency DBRS. "To the people of Fort McMurray: Know that even though things may look difficult and uncertain and at times perhaps almost hopeless, know that you are not alone. Canadians are standing with you," said Trudeau. "There will be significant federal monies invested in that community as we rebuild," he told a news conference in the provincial capital Edmonton. Ottawa runs a fund to help provinces recover from disasters and could end up paying 90 percent of all eligible costs. Trudeau said the government would try to ensure the money was paid out more quickly than usual but gave no details. After the aerial tour, he was briefed on progress fighting the fire, which has moved east of Fort McMurray into less inhabited areas, and praised emergency officials for their "valor and courage" in preserving much of the town. "The work you did to save so much of this community, to save so much of this city and its downtown core ... was unbelievable," he said. Trudeau has faced criticism in Alberta, a province that does not usually vote for his party, for waiting more than a week to survey the damage. He initially stressed he did not want his visit to interfere with firefighting efforts. "I think it's a good thing he's coming," said Fort McMurray housekeeper Maureen Pearce at a supply center for evacuees in Lac La Biche, Alberta. "I hope he provides more aid." Many of the evacuees are living in temporary accommodation across the province, while authorities work to restore power, gas, water and communications. Local officials say it will be 10 days before they can even produce a plan for resettlement, much less allow people to return to a place where small fires are still erupting. CHALLENGES OF REBUILDING A DAMAGED TOWN Rebuilding Fort McMurray "is the work of years," Alberta Premier Rachel Notley told the news conference. Evacuees are collecting Alberta debit cards loaded with C$1,250 per adult and C$500 per dependent, as well as Canadian Red Cross aid of C$600 for each adult and C$300 for each child. Pearce, who believes both her home and the hotel where she works survived the fire, said the emergency funds are helpful. "But if we're going to be out of our homes for a month, we'll need more," she added. The fire on Friday was 12 km (7.5 miles) from ConocoPhillips' Surmont oil sands site, which is 63 km (39 miles) southeast of Fort McMurray, and it had not advanced since Thursday morning, spokesman Rob Evans said. He said operations would be on hold until Alberta allowed people to stay overnight at Surmont's camp. The inferno is a blow to Alberta's economy, which was already reeling from collapsing oil prices. But even so, portfolio managers see value in Alberta's government bonds, anticipating the province will rebound. Four major oil firms operating in the area around Fort McMurray have declared force majeure, a contract clause to remove liability for unavoidable catastrophes. The fire spans 241,000 hectares (596,000 acres), growing much more slowly than before. More»