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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 - International News

Amwal Al Ghad English - 2016-01-30 16:20:46
Saudi Prince Alwaleed bin Talal has taken on the US GOP presidential frontrunner Donald Trump in a Twitter war that is fast leaving all Twitter trends far behind. Alwaleed is the founder of Kingdom Holding and is also Citigroup's largest individual shareholder Alwaleed said on Twitter that he has bailed out the billionaire twice – then adding that his help might be needed a third time. This was in response to Trump’s retweet of a photoshopped image showing the prince with Fox News host Megyn Kelly, calling him a co-owner of the network. Huffpo, via Buzzfeed, reports that the prince's tweet included news stories showing that he bought Trump's yacht in 1991, which had been turned over to creditors when he was $900 million in debt, After trump’s call to ban Muslims from entering the United States, bin Talal urged him to quit the presidential race. Trump on social media Not only is billionaire Donald Trump outpolling the rest of the Republican presidential field, the former reality TV star has charged ahead of megastars Justin Bieber and Kanye West for celebrity mentions on social media, according to new data from the past month. Trump raked in nearly 13.5 million Twitter mentions since Dec. 30, according to SocialFlow, a social media publishing platform. This put the real estate developer well ahead of virtually every major celebrity in the United States including Justin Bieber who brought in roughly 8 million, Kanye West with 6.2 million and Rihanna with 5.7 million. Trump's Twitter account (@realDonaldTrump) has more than 5.9 million followers. "If Trump gets elected there is no doubt in my mind Kanye replaces him in 2020," tweeted Peick (@andrewpeick) on Friday. "Donald Trump is the new Justin Bieber," tweeted Guess Who?! (@Vase_) on Friday. Trump has also proved his social media clout over his fellow Republican candidates. During Thursday's Republican presidential debate, the business tycoon commanded 36 percent of the Twitter traffic, according to data provided by the social media site. That was far more than his competitors on the main stage, even though Trump did not attend the debate. Trump's dominance of social media was not constant, however. On Wednesday, Kanye West's Twitter beef with fellow rapper Wiz Khalifa put his one-day mentions over Trump. Even the late rock star David Bowie was a social media hero, just for one day. The day after he died, Twitter mentions of Bowie outpaced those of The Donald on Jan. 11. More»
Amwal Al Ghad English - 2016-01-30 09:29:37
Prices for oil have surged over the past four trading sessions in a row, partially fueled by comments from Russia, in particular. Moscow has implied that a coordinated cut in crude-oil production CLH6, +1.57% LCOH6, +2.48% is inching closer to becoming a reality. But optimism may be unfounded if you look at Moscow’s lack of cooperation with the Organization of the Petroleum Exporting Countries over the past two decades. Russia, which is under crippling sanctions linked to its military intervention in Ukraine in 2014, is among the world’s largest oil producers and exporters. According to the most recent report from the U.S. Central Intelligence Agency dated 2013, Russia ranks as the second biggest oil exporter, just behind OPEC swing-producer Saudi Arabia. This week, Russia’s energy minister Alexander Novak has said his country, which isn't a member of OPEC, may discuss 5% output cuts at a meeting in February with the members of the oil cartel. A senior OPEC official, however, has denied the claim and group member Iran said it wouldn’t immediately participate in any reductions, and why would the country coming fresh off tough economic sanctions of its own. History shows that Russia’s past collaborations with OPEC have been “fraught with tensions over market share,” according to energy-and-commodities information provider Platts. “Pressured by OPEC to help support oil prices, Moscow has enacted some cuts [in the past], but the reductions have been limited and brief.” Here’s some highlights as Friday by Platts FACTBOX: March 1998 OPEC agrees to cut output by 2.6 million b/d to support prices after crude drops to $12/b from more than $22/b in January 1997. As part of an OPEC/non-OPEC output cut agreement, Russia agreed to reduce exports by 61,000 b/d, but this was largely symbolic given its export level of around 2.4 million b/d. Eventually, Russia’s crude production fell by 70,000 b/d, or 1% year on year, to 6.1 million b/d in 1998. At the same time, its exports rose by around 100,000 b/d, or 3.5% on year, to 2.4 million b/d. March 1999 As prices plummet to $10/b, OPEC agreed a new output cut of 2 million b/d, with non-OPEC Russia, Oman and Mexico also agreeing to contribute 300,000 b/d of the total. Russia agrees to cut oil production by 100,000 b/d. Despite the agreement, Russia’s output rose by 50,000 b/d to 6.13 million b/d in 1999. Its crude exports to international markets, however, fell by 70,000 b/d to 2.33 million b/d in 1999 as Russia redirected some volumes to the FSU [floating storage unit] markets. November 2001 After pressure from Saudi Arabia, Russia offers to cut production by just 30,000 b/d. It later raises the offer to 50,000 b/d. December 2001 Following continued pressure by OPEC to help support prices, Russia agrees to cut exports by 150,000 b/d during Q1 2002. Despite the deal, Russian production was little changed over the quarter at 7.36 million b/d, according to U.S. EIA figures. November 2014 As prices started to fall again from more than $115/b in mid-June to below $70/b in November, contacts between Russia and OPEC resumed. Russia took part in a number of meetings with OPEC and non-OPEC countries, but they didn't result in any sort of agreement, with the participants repeatedly denying special actions to balance the market were considered. More»
Amwal Al Ghad English - 2016-01-30 08:48:39
U.S. Secretary of State John Kerry said on Friday he expects Canada to announce in the coming weeks what role it will play in an international coalition fighting Islamic State forces in Syria and Iraq. Canadian Prime Minister Justin Trudeau, who won an election last October promising to withdraw six fighter jets from a U.S.-led coalition attacking the militants, has yet to state what Canada plans to do once those planes are pulled out. "I am absolutely confident that the prime minister and his security team are working on ways to continue their significant contribution" to the coalition, Kerry told reporters after meeting his Canadian and Mexican counterparts in Quebec City. "While they may have made a choice with respect to one particular component of that effort, that does not reflect on their overall commitment and capacity to contribute significantly to the road ahead, and we are confident they will," Kerry said. Kerry added, "I look forward in the next weeks to the prime minister's notification to us of what the plan going forward will be." More»
Amwal Alghad English - 2016-01-28 10:04:10
Greece has failed to protect the EU's external frontiers from migrants and faces border controls with the rest of the Schengen passport-free zone in three months if it fails to act, the European Commission said Wednesday. The highly critical draft report by Brussels heaps pressure on Greece, the main gateway for the one million refugees and migrants who entered Europe last year in the continent's biggest such crisis since World War II. Based on an inspection at the Turkish land border and on several islands in the Aegean Sea, the EU found Greece was failing to properly register and fingerprint migrants. "The draft report concludes that Greece seriously neglected its obligations and that there are serious deficiencies in the carrying out of external border controls that must be overcome and dealt with by Greek authorities," Commission Vice President Valdis Dombrovskis told a press conference. The report could pave the way for Brussels to authorise other member states to exceptionally extend border controls within the EU's cherished Schengen area, including with Greece, for up to two years, instead of the normal six months. Dombrovskis said that if a majority of the 28 EU member states adopt the report, the Commission will then draw up a plan for shoring up Greece's borders, especially its sea frontier with Turkey. "Greece will then have three months to implement remedial actions," Dombrovskis said. "If necessary remedial actions are not being taken there is a possibility ... which would allow member states to temporarily close their borders." The Greek government insisted that the situation had changed since the inspection was carried out. "This report dates from November but important work has been carried out since then. The next reports will be very different," Greek junior migration minister Yannis Mouzalas told AFP in Athens. Mouzalas rounded on his EU peers earlier this week, accusing them of "lies" as Greece did its best in hugely difficult circumstances. EU Migration Commissioner Dimitris Avramopoulos acknowledged Greece's efforts in dealing with the tide of migrants and refugees fleeing war in Syria, Iraq and Afghanistan, but said it was not enough. "We know that in the meantime Greece has started undertaking efforts towards rectifying and complying with the Schengen rules. Substantial improvements are needed," he said in a statement. The European Commission report comes at the worst time for Greece, just days after calls from fellow EU members for the country to be suspended from the 26-country Schengen area. In the last few months, Austria, Germany, Denmark, Sweden, France and non-EU member Norway have all introduced six-month temporary controls over the migrant crisis. They took the step to deal with a wave of migrants moving mostly from Greece towards Germany and Sweden, the main destination for refugees and migrants in Europe. EU interior ministers had asked the Commission on Monday to draw up a plan for a possible two-year extension to the controls. More»
Amwal Alghad English - 2016-01-28 09:55:31
Iran was putting the finishing touches on Thursday to a deal to buy over 100 Airbus passenger jets, French officials said during a visit to Paris by Iranian President Hassan Rouhani aimed at reviving business ties despite diplomatic differences. Rouhani told French business leaders after arriving in France on Wednesday that Iran was open for investment as he continued his first trip abroad since Iran's sanctions-ending nuclear accord with world powers took effect. Rouhani is due to deliver a speech to business leaders on Thursday at a Franco-Iranian forum. Pierre Gattaz, head of France's Medef employers association, said he expected four major contracts to be agreed with the Iranians, including the Airbus order and a joint venture between carmakers PSA Peugeot Citroen and Iran Khodro More»
Amwal Al Ghad English - 2016-01-27 10:22:53
Iran could have better relations with the United States, but it was up to Washington to change its "hostile" stance towards Tehran, Iranian President Hassan Rouhani said on Wednesday. "It's possible that Iran and the United states might have friendly relations. But the key to that is in Washington's hands, not Tehran's," Rouhani said in a news conference in Rome before flying to Paris to continue his first trip to Europe since the lifting of sanctions. He also accused the "Israeli lobby" for being responsible for U.S. hostility towards Iran. Rouhani is looking to rebuild Iranian relations with the West some two weeks after financial sanctions on Tehran were rolled back following the implementation of its nuclear deal with world powers. "Iran does not just want trade, but also investment and technology," he said. He rejected accusations by many Western nations that Iran is funding various militant groups which they deem to be terrorist organisations. "It is clear that Iran is a country opposed to terrorism and a country that fights terrorism," he said. More»
Amwal Alghad English - 2016-01-27 10:15:40
Taiwan President Ma Ying-jeou's planned trip to the Taiwanese-held island of Itu Aba in the disputed South China Sea is "extremely unhelpful" and won't do anything to resolve disputes over the waterway, a U.S. official said on Wednesday. Ma's office earlier announced that the president, who steps down in May, would fly to Itu Aba on Thursday to offer Chinese New Year wishes to residents on the island, mainly Taiwanese coastguard personnel and environmental scholars. But Ma's one-day visit to Itu Aba, known as Taiping in Taiwan, comes amid growing international concern over rising tensions in the waterway and quickly drew the ire of the American Institute in Taiwan (AIT), the de facto U.S. embassy in Taipei in the absence of formal diplomatic ties. "We are disappointed that President Ma Ying-jeou plans to travel to Taiping Island," AIT spokeswoman Sonia Urbom said in an email to Reuters. More»
Amwal Alghad English - 2016-01-27 10:06:56
Five more bodies believed to be those of illegal Indonesian migrants were found in Malaysia on Wednesday following a boat tragedy, raising the death toll to 18, police said. Thirteen bodies were found on Tuesday after their boat capsized in rough seas off southern Johor state.Local police chief superintendant Rahmat Othman said the five male bodies were found on the beach. More»
Amwal Alghad English - 2016-01-27 09:58:58
Bosnia next month will officially apply to join the European Union (EU) in the hope of winning candidate status in 2017, the country's presidency said Tuesday. "We obtained from the Dutch presidency a date, February 15, to submit our application to join the EU," the chairman of Bosnia's tripartite presidency, Dragan Covic, told reporters. "We believe we have done enough at this stage to make a credible application," Covic said. He added that Bosnia -- which currently lags behind most other Balkan countries in the EU accession process -- could be granted official candidate status "at the beginning of next year".  More»
Amwal Alghad English - 2016-01-27 09:44:28
Iranian President Hassan Rouhani wraps up his visit to Italy Wednesday before heading to France on the second leg of a trip signalling the dramatic rapprochement between Tehran and the European powers since the lifting of sanctions against the Islamic Republic. Rouhani's visit to Paris is expected to result in the signing of important business contracts, after sealing multi-billion dollar deals in Italy. A major order for 114 Airbus planes to modernise Iran Air's ageing fleet is expected to be confirmed in France, along with tie-ups with carmakers Peugeot and Renault. Before heading to Paris, Rouhani will conclude his two-day trip to Rome with a visit to the Colosseum with Italian Culture Minister Dario Franceschini.The president is accompanied by a delegation of more than 100 ministers, officials and businessmen marking the return of Iran on the international economic stage with the lifting of sanctions after a historic deal over Tehran's nuclear programme. Rouhani, a 67-year-old former academic and diplomat who is seen as a pragmatist, was elected in 2013 on a pledge to end sanctions and improve relations with the West. The Iranian leader on Monday met with his Italian counterpart Sergio Mattarella and Prime Minister Matteo Renzi, with whom he attended the signing of several economic agreements in the prestigious setting of the Capitole. Italian officials said contracts signed in Rome would be worth up to 17 billion euros ($18.4 billion), underlining the huge economic stakes involved in Iran's re-opening, particularly for Europe's manufacturing and engineering sectors. On Monday, Rouhani attended a business forum at which he portrayed Iran as the ideal base for companies seeking a foothold in a region of 300 million people, reassuring would-be investors their contracts would be honoured. "Iran is the safest, the most stable country in the entire region," Rouhani said. "Everyone understood that the nuclear negotiations represented a win-win situation for both sides. "Now we have created the conditions for investment and for the transfer of know-how. There has to be an advantage for both sides: we invite you to invest and we will provide stability and ensure that you can make adequate returns." Rouhani then visited the Vatican for the first time and met Pope Francis, who has urged Iran to work for peace in the Middle East. In a statement afterwards, the Vatican said Francis had urged the Iranian leader to use Iran's important role to promote, together with other countries, "adequate political solutions" to the problems afflicting the region and to help combat terrorism and arms trafficking. It was the first official visit to the Vatican by an Iranian president since Mohammad Khatami was hosted by John Paul II in 1999. Rouhani is due to arrive late Wednesday afternoon in Paris where he will meet the following day with President Francois Hollande and French business leaders. Ahead of Rouhani's European trip, Iranian Transport Minister Abbas Akhoundi on Sunday announced a major contract with Airbus for 114 planes. Akhoundi, quoted by Iranian media, said the deal "will be signed between Iran Air and Airbus" when Rouhani is in Paris. An Airbus spokesman declined to comment. Akhoundi's deputy, Asghar Fakhrieh Kashan, told AFP that Iran "essentially wants to buy Airbus A320s, A321s and A330s". "We will take delivery in 2016 and 2017 of Airbus A320s and A321s, with the A330s coming later," he said. "From 2020, we will take delivery of Airbus A350s and A380s. We want eight A380s and 16 A350s." Before flying to Europe, Rouhani himself mentioned economic projects between Iran and France. "We need to modernise our aviation fleet and buy locomotives," he said Monday. He indicated Iran was also looking at the automotive sector. "Important contracts will probably be signed on this trip including with Peugeot and Renault," he said. A joint press conference is planned after Rouhani's meeting with Hollande on Thursday, the French presidency said. Iran has been rebuilding its relations with Italy and France which were among Tehran's main economic partners before the tightening of international sanctions in January 2012. Competition to tap the Iranian market has been fierce as it emerges from international isolation with the lifting of sanctions. source:AFP More»