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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        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        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        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        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 - 2014-12-03 13:45:24
chancellor George Osborne is to pay off the UK government's remaining debt from World War One, the Treasury has announced. The government will repay the outstanding £1.9bn of debt from a 3.5% War Loan on 9 March 2015. The move goes further than October's announcement that the government would pay off £218m of debts from World War One. More than 120,000 investors hold War Loan bonds. Issued by then Chancellor Neville Chamberlain in 1932, the War Loan was used to refinance government debt accumulated during World War One. It replaced an earlier bond which paid 5% to investors. It is the first time the government has paid off a bond of this kind in 67 years. The Debt Management Office estimates the government has paid about £5.5bn in total interest on the 5% and 3.5% war loans respectively since 1917. More»
Amwal Al Ghad English - 2014-12-02 10:16:27
Russia's economy is poised to shrink much more than previously expected, the country's economy ministry said on Tuesday, according to media reports. The ministry now expects overall gross domestic product to shrink by 0.8% in 2015, down from a previous estimate of growth of 1.2%. It also predicts the economy will slip into recession in the first quarter of the year. The oil price forecast was cut to $80 a barrel from $100 a barrel, according to Dow Jones Newswires. The ruble USDRUB, +1.68% slipped after the news, with the dollar buying 51.67 rubles, up from around 51.25 rubles earlier Tuesday morning. More»
Amwal Al Ghad English - 2014-12-02 10:02:15
Russia on Monday scrapped the South Stream pipeline project to supply gas to southern Europe without crossing Ukraine, citing EU objections, and instead named Turkey as its preferred partner for an alternative pipeline, with a promise of hefty discounts. The EU, at loggerheads with Moscow over Ukraine, and keen to reduce its energy dependence on Russia, had objected to the $40 billion South Stream pipeline, which was to enter the EU via Bulgaria, on competition grounds. The proposed undersea pipeline to Turkey, with an annual capacity of 63 billion cubic metres (bcm), more than four times Turkey's annual purchases from Russia, would face no such problems. Russia offered to combine it with a gas hub at the EU's southeastern edge, the Turkish-Greek border, to supply southern Europe. Alexei Miller, the chief executive of Russia's state-controlled gas exporter Gazprom (GAZP.MM), told reporters in Ankara, where he was on a one-day visit with President Vladimir Putin, that South Stream was "closed. This is it". Putin accused the EU of denying Bulgaria, heavily dependent on Russian gas, its sovereign rights, and said that blocking the project "is against Europe's economic interests and is causing damage". He announced that Russia would grant Turkey a 6 percent discount on its gas imports from Russia for next year, supplying it with 3 bcm more than this year. Miller said Gazprom had signed a memorandum of understanding with Turkey's Botas on the pipeline under the Black Sea to Turkey. But the plan remains at an early stage. Russian Energy Minister Alexander Novak said that "energy ministers and companies (on both sides) were ordered to look into these proposals in detail ... It is hard to assess the costs, financial mechanisms, terms of fulfilment for now." He also said Turkey was seeking a 15 percent discount for Russian gas. AT ODDS WITH EU? Nevertheless, EU-candidate Turkey's deepening energy ties with Russia are likely to raise eyebrows in Europe and the United States, coming as Western powers have imposed economic sanctions on Moscow over its actions in Ukraine, and as Europe tries to lower its energy dependence on Russia, which supplies about 30 percent of its gas needs, half of that via Ukraine. "As our cooperation develops and deepens, I think we will be ready for further price reductions," Miller told reporters in Ankara. "As we develop our joint projects ... the level of gas price for Turkey could reach the one Germany has today." The South Stream pipeline had exposed cracks in EU strategy as Hungary, Austria, Serbia and Bulgaria among others saw it as a solution to the risk of a repeat of supply disruptions via Ukraine, while Brussels and Washington saw the project as entrenching Moscow's energy stranglehold on Europe. Yet its appeal has waned as economic growth has stalled, and with Azeri Caspian gas due to land in Italy from 2020. Carlos Pascual, who until earlier this year was the top energy diplomat at the U.S. State Department, said there was no way that the cancellation of the pipeline damages Europe. "One could actually argue that in the end this will save European consumers money by eliminating an unnecessary high cost pipeline that would not have added any additional new supply," he said. Pascual said Gazprom's action could show the effects of U.S. and EU sanctions imposed on Russia for its aggression toward Ukraine. "At a point in time when capital was unlimited, perhaps Russia would not have taken this action," he said. A Gazprom analyst agreed the sanctions may have been a factor. "By invading Crimea, Putin has created a major barrier for the South Stream project," said Mikhail Korchemkin, with East European Gas Analysis. "Gazprom was unable to raise money for the project," after the sanctions went into place, he said. Russia is already Turkey's main energy supplier, and Turkey Russia's second biggest trade partner after Germany. Those economic interests have outweighed deep differences over Ukraine and especially Syria's nearly four-year-old civil war. While Russia backs Syrian President Bashar al-Assad, Turkish President Tayyip Erdogan has become his most vocal critic, lambasting the U.N. Security Council, and Russia in particular, for stalling on an international response to the war. "President (Putin) has a different assessment to us," Erdogan told their joint news conference. "We agree a solution is needed, but we differ on the means." More»
Amwal Al Ghad English - 2014-12-01 08:18:22
Asia's factories appeared to have stepped down a gear last month as a glut of supply met a dearth of global demand, piling pressure on prices of manufactured goods and the commodities used to make them. Oil sank to its lowest in over five years on Monday, with the industrial bellwether copper not far behind. The rout spread to gold and silver while the U.S. dollar cleared seven-year peaks on the Japanese yen JPY=. Both U.S. crude CLc1 and Brent LCOc1 have now fallen for five straight months, the longest losing streak since the 2008 financial crisis.With domestic and export demand softening and production growth weak, many Asian manufacturers were more reluctant to stock up on raw materials, activity surveys on Monday. While lower commodity prices are a boon to consumer spending power, they have damaging side effects in a world where official interest rates are already at historic lows in many countries. Slowing inflation acts as an unwanted tightening of policy as it pushes up real interest rates, one reason China and Japan surprised with new stimulus measures in recent weeks. More»
Amwal Al Ghad English - 2014-12-01 08:10:09
Afghan district police chief Ahmadullah Anwari only has enough grenades to hand out three to each checkpoint in an area of Helmand province swarming with Taliban insurgents who launch almost daily attacks on security forces. "Sometimes up to 200 Taliban attack our checkpoints and if there are no army reinforcements, we lose the fight," said Anwari, in charge of one of Afghanistan's most volatile districts, Sangin. "It shames me to say that we don't have enough weapons and equipment. But this is a bitter reality." As most foreign combat troops prepare to leave Afghanistan by the end of 2014 after 13 years of war, the experiences of Anwari and other police chiefs and army commanders across the country are NATO's biggest worry. The United States, which provides the bulk of NATO troops in Afghanistan, has poured some $61 billion into training a nascent 350,000-strong security force, seeing it as the lynchpin of a plan to exit its longest war. More»
Amwal Al Ghad English - 2014-12-01 08:06:12
Growth in China's manufacturing sector slowed in November, suggesting the world's second-largest economy is still losing momentum and adding pressure on authorities to ramp up stimulus measures after unexpectedly cutting interest rates last month. After saying for months that China does not need any big economic stimulus, the People's Bank of China (PBOC) surprised financial markets by lowering rates on Nov. 21 to shore up growth. Analysts see more moves in coming months if the economy continues to stumble. [ID:nL3N0TB3VW] "The PBOC's rate cut appears to have failed to improve sentiment, and we see little improvement in activity indicators in November," ANZ said in a research note."In order to maintain growth for the whole year at around 7.5 percent (the official target), we believe that Chinese authorities will intensify easing efforts in December to accelerate growth momentum." The official Purchasing Managers' Index (PMI) eased to an eight-month low of 50.3 last month, the National Bureau of Statistics said on Monday, still indicating a modest expansion in activity but below forecasts for 50.6 and October's 50.8. More»
Amwal Al Ghad English - 2014-12-01 08:04:25
Thousands of pro-democracy activists forced the temporary closure of the Hong Kong government's headquarters on Monday after they clashed with police outside, defying orders to retreat after more than two months of sustained protests. Chaos erupted as commuters made their way to work, with hundreds of protesters surrounding Admiralty Center, which houses offices and retail outlets, in a tense stand-off with police. The central government offices and the legislature were forced to close in the morning, as were scores of shops. The latest flare-up, during which police charged protesters with batons and pepper spray, marked an escalation in the civil disobedience movement. It also underscored the frustration of protesters at Beijing's refusal to budge on electoral reforms and grant greater democracy to the former British colony. "The atmosphere in Admiralty is very different now after the clashes last night," said Jessica Lam, 20, who returned to the protest site on Monday morning. "It has become very tense, like back to the early days when the protest just started." The democracy movement represents one of the biggest threats for China's Communist Party leadership since Beijing's bloody 1989 crackdown on pro-democracy student protests in and around Tiananmen Square. More»
Amwal Al Ghad English - 2014-11-30 07:40:01
Leading U.S. CEOs, angered by the Obama administration's challenge to certain "workplace wellness" programs, are threatening to side with anti-Obamacare forces unless the government backs off, according to people familiar with the matter. Major U.S. corporations have broadly supported President Barack Obama's healthcare reform despite concerns over several of its elements, largely because it included provisions encouraging the wellness programs. The programs aim to control healthcare costs by reducing smoking, obesity, hypertension and other risk factors that can lead to expensive illnesses. A bipartisan provision in the 2010 healthcare reform law allows employers to reward workers who participate and penalize those who don't. But recent lawsuits filed by the administration's Equal Employment Opportunity Commission (EEOC), challenging the programs at Honeywell International and two smaller companies, have thrown the future of that part of Obamacare into doubt. The lawsuits infuriated some large employers so much that they are considering aligning themselves with Obama's opponents, according to people familiar with the executives' thinking. More»
Amwal Al Ghad English - 2014-11-30 07:37:55
The death toll from the worst Ebola outbreak on record has reached nearly 7,000 in West Africa, the World Health Organization said on Saturday. The toll of 6,928 dead showed a leap of just over 1,200 since the WHO released its previous report on Wednesday. The U.N. health agency did not provide any explanation for the abrupt increase, but the figures, published on its website, appeared to include previously unreported deaths. A WHO spokesperson was not immediately available for comment. Just over 16,000 people have been diagnosed with Ebola since the outbreak was confirmed in the forests of remote southeastern Guinea in March, according to the WHO data that covered the three hardest-hit countries. Guinea, Sierra Leone and Liberia have accounted for all but 15 of the deaths in the outbreak, which has touched five other countries, according to the previous WHO figures. More»
Amwal Al Ghad English - 2014-11-30 07:33:57
China's President Xi Jinping ratcheted down Beijing's heated rhetoric and called on the government to expand its foreign policy agenda through cooperation and diplomacy. China should "promote peaceful resolution of differences and disputes between countries through dialogue and consultation, and oppose the willful use of threat of force," Xi said in a major policy address this weekend, according to a report by the official Xinhua News Agency late on Saturday. "We have advocated the building of a new type of international relations underpinned by win-win cooperation," Xi told a meeting of top leaders convened by the Communist Party to discuss foreign policy. China championed "a new vision featuring common, comprehensive, cooperative and sustainable security." Xi's remarks are the latest indication that China is adopting more conciliatory foreign policy tactics and addressing fears its economic growth will inevitably spawn a more muscular diplomatic and military approach. Earlier this month, China attempted to mollify relations with Vietnam, the Philippines and the U.S. during the annual Asia Pacific Economic Cooperation summit, which was hosted in Beijing. More»