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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 - 2014-11-08 07:35:26
Ukraine's military accused Russia on Friday of sending a column of 32 tanks and truckloads of troops into the country's east to support pro-Russian separatists fighting government forces. Thursday's cross-border incursion, if confirmed, is a significant escalation of a conflict that has killed more than 4,000 people since the separatists rose up in mid-April and would call into question Russia's commitment to a two-month-old ceasefire deal. The truce has looked particularly fragile this week, with each side accusing the other of violations after separatist elections last Sunday condemned as illegitimate by the West."Supplies of military equipment and enemy fighters from the Russian Federation are continuing," military spokesman Andriy Lysenko told a briefing in Kiev, describing a column that included 16 big artillery guns and 30 trucks carrying troops and ammunition as well as 32 tanks. He said five Ukrainian soldiers had been killed in the past 24 hours although Kiev has denied rebel charges of launching a new military offensive. More»
Amwal Al Ghad English - 2014-11-08 07:31:08
Candles lit up the streets of the central Philippine city worst-hit by the strongest storm to make landfall as thousands remembered more than 6,300 people who died a year ago when typhoon Haiyan smashed into the country. Before dawn on Saturday, more than 5,000 people holding white balloons and candles mournfully walked around the regional capital Tacloban City, passing through areas flattened by Haiyan's 250 kph (155 mph) winds and seven-metre high storm surge. Church bells peeled and sirens wailed at the start of a Roman Catholic mass at the city's almost half-hectare mass grave site where nearly 3,000 people storm victims are buried. Hundreds are still unaccounted. "It’s important that we make it meaningful, so for the next generations people will remember this," the city's mayor, Alfred Romualdez, told Reuters. Typhoon Haiyan wiped out or damaged practically everything in its path as it swept ashore on Nov. 8, 2013, destroying around 90 percent of the city of Tacloban in Leyte province. More»
Amwal Al Ghad English - 2014-11-08 07:27:54
China said on Saturday it hopes Japan can create a favorable atmosphere for an expected meeting between the two countries' leaders, a day after the two sides signaled willingness to put a bitter row over disputed islands on the back burner. Foreign Minister Wang Yi made the remarks at a briefing ahead of a meeting by leaders of the Asia-Pacific Economic Cooperation (APEC) group in Beijing. Asked about a meeting between Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe, Wang said that "China attaches importance to Japan's repeated requests". "We hope that the Japanese side takes this seriously, implement it faithfully and honor its commitment so as to create a necessary and favorable atmosphere for a meeting between the two leaders," he added. China and Japan agreed on Friday to work on improving ties, paving the way for their leaders to meet on the sidelines of APEC. A one-on-one meeting would be a symbolic breakthrough in ties between Asia's two largest economies, which have turned frigid in the past two years over he territorial row, regional rivalry and the bitter legacy of Japan's wartime occupation of China. Both countries claim ownership of a tiny group of uninhabited islets in the East China Sea, called the Senkaku by Japan and the Diaoyu by China. The two countries acknowledged on Friday they held different views on the territorial dispute. Beijing has also been particularly angered by visits by Japanese government ministers, including Abe, to the Yasukuni Shrine, which China sees as a symbol of Japan's past militarism. Yasukuni honors millions of war dead, including wartime leaders convicted as war criminals by an Allied tribunal. More»
Amwal Al Ghad English - 2014-11-08 07:25:06
President Barack Obama has approved sending up to 1,500 more troops to Iraq, roughly doubling the number of U.S. forces on the ground to advise and retrain Iraqis in their battle against the militant group Islamic State, U.S. officials said on Friday. Obama's decision greatly expands the scope of the U.S. campaign and the geographic distribution of American forces, some of whom will head into Iraq's fiercely contested western Anbar province for the first time to act as advisors. It also raises the stakes in Obama's first interactions with Congress after his Democratic Party was thumped by Republicans in mid-term elections this week. The White House said it would ask Congress for $1.6 billion for a new "Iraq Train and Equip Fund."Pentagon spokesman Rear Admiral John Kirby said those funds would need to be approved before the first additional forces headed to Iraq, something one official speculated could happen in just weeks. More»
Amwal Al Ghad English - 2014-11-06 07:44:26
Air strikes by a U.S.-led coalition set up to fight Islamic State targeted the al Qaeda-linked Nusra Front in northwest Syria overnight, an organization that tracks violence in the Syrian civil war reported on Thursday. The Syrian Observatory for Human Rights said the air strikes targeted an office and a vehicle used by Nusra Front in Idlib province in northwestern Syria, where last week the al Qaeda-affiliated group routed Western-backed Syrian rebels. The Observatory also reported the first air strikes against Ahrar al-Sham, another hardline Islamist insurgent group. More»
Amwal Al Ghad English - 2014-11-06 07:13:39
The sweeping Republican triumph in the midterm elections boosted the 2016 presidential prospects of three of the party's highest-profile governors, but Democrats on Wednesday said there also could be a silver lining for Hillary Clinton's White House hopes. The broad Democratic losses could give the former secretary of state a chance to take over the role of party leader from a wounded President Barack Obama and sharpen her image as the Democrats' 2016 savior. The results were widely seen as more of a referendum on questions about Obama’s leadership rather than a sweeping rejection of Democratic policies. But the Republican successes also could help launch presidential campaigns for Governors John Kasich of Ohio and Scott Walker of Wisconsin, who won tough re-election battles, and Chris Christie of New Jersey, who campaigned nationally for the party as head of the Republican Governors Association. With Tuesday's elections out of the way, the political spotlight quickly turns to the 2016 race. Clinton is the clear Democratic frontrunner, while at least a dozen possible Republican contenders are pondering a run. Clinton's allies said Republican control of both chambers of Congress for the first time since 2006 would give her an opportunity to draw distinctions with Republicans while distancing herself from Obama. More»
Amwal Al Ghad English - 2014-11-06 07:03:44
Hong Kong pro-democracy protesters clashed with police in the densely populated district of Mong Kok early on Thursday as tensions escalated at one of three remaining demonstration sites for the first time in more than two weeks. Dozens of police armed with batons and shields swept into the area where hundreds of protesters were gathered and scuffles broke out after 2am local time in the gritty district that has become a flashpoint for ugly street brawls. More than 30 people wearing grinning masks of Guy Fawkes, who plotted to kill a British king in 1605 and who has become a symbol of anti-capitalist protests, joined the demonstrators who are calling for greater democracy in the former British colony. The protesters, led by a restive generation of students, have been demanding China's Communist Party rulers live up to constitutional promises to grant full democracy to the city which returned to Chinese rule in 1997. In August, Beijing offered Hong Kong people the chance to vote for their own leader in 2017, but said only two to three candidates could run after getting backing from a 1,200-person "nominating committee" stacked with Beijing loyalists. More»
Amwal Al Ghad English - 2014-11-03 15:19:40
Pro-Russian separatists in Ukraine named a leader of their breakaway republic on Monday after a weekend election which was denounced by Kiev and the West and further deepened a standoff with Russia over the future of the former Soviet state. Organizers of the vote said that Alexander Zakharchenko, a 38-year-old former mining electrician, had easily won election as head of the "Donetsk People's Republic", an entity proclaimed by armed rebels in the days after they seized key buildings in cities of Ukraine's Russian-speaking east last April. The rogue vote, which Kiev says Russia encouraged, could create a new "frozen conflict" in post-Soviet Europe and further threaten the territorial unity of Ukraine, which lost control of its Crimean peninsula in March when it was annexed by Russia. Kiev and the West will now be looking to see if Russian President Vladimir Putin will formally recognize the validity of the vote, despite their entreaties to him not to do so. A Russian deputy foreign minister, in an initial reaction, made no mention of formal recognition but said the newly elected leadership in eastern Ukraine had been given a mandate to negotiate with Kiev. Up to now, Kiev's leaders have refused to hold direct talks with the separatists, whom they refer to as "terrorists" and "bandits". If Moscow were to recognize the vote, it would narrow options too for Ukrainian President Petro Poroshenko. He has ruled out trying to take back the region by force after big battlefield losses in August. But after a parliamentary election on Oct. 26, he is now supported by a pro-Western power structure, determined to stop the break-up of Ukraine, and he could come under pressure to take a firmer line. PUTIN'S FIRST WORD? Putin's first word on the weekend election could come on Tuesday when he is due to appear at a Red Square ceremony in Moscow marking National Unity day. "The central election commission deems Alexander Zakharchenko to be the elected head of the Donetsk People's Republic," an election official, Roman Lyagin, told journalists in Donetsk, the separatists' stronghold. Numbers of ballots cast for him appeared to show he had won 79 percent of the vote. The vote was the latest twist in a geopolitical crisis that began with the popular overthrow of Ukraine's Moscow-backed leader, Viktor Yanukovich last February. Russia denounced Yanukovich's ousting as a coup by a "fascist junta" and the following month annexed Crimea and subsequently backed the separatist rebellions that sprang up in the east. Kiev says that only direct intervention by Russian troops stopped Ukrainian government forces routing the separatists, though Russia, despite what the West says is incontrovertible proof, denies sending troops across the border. More than 4,000 people have been killed in the conflict, which has led to U.S. and European Union sanctions against Russia. Kiev and Western governments, including the United States, say the election violated a bedrock agreement reached on Sept. 5 in the Belarussian capital, Minsk, which was also been signed by Russia. Kiev says this provided for elections to be held under Ukrainian law which would appoint purely local officials. The rebels' vote to elect leaders and institutions in a breakaway territory violated the agreement, it says. Speaking on Sunday, Poroshenko reiterated Kiev's view and denounced the ballot as a "farce (conducted) under the barrels of tanks and machine guns". Chancellor Angela Merkel's spokesman said on Monday Germany found it incomprehensible that "official Russian voices" were talking of recognizing the election in eastern Ukraine. Current developments in east Ukraine ruled out any premature lifting of EU economic sanctions against Russia and if the situation worsened, further sanctions may be necessary, spokesman Steffen Seibert said. Italy does not recognize the election, Foreign Minister Paolo Gentiloni said, adding: "There is no alternative to a political solution to the crisis." A Sept. 5 ceasefire has brought an end to full-scale clashes between government forces and the Russian-backed separatists, though sporadic shelling particularly in the airport area of Donetsk, continues to exert pressure on the truce. Artillery fire was heard in the direction of the airport hours after the polling stations closed on Sunday night, but Monday was generally quiet in the city center. Zakharchenko, the current rebel prime minister whose campaign advertisements are plastered across Donetsk, was always certain to win the vote. In electioneering, he has compared the Donbass region's coal deposits to the oil reserves in the United Arab Emirates and has promised pensioners a stipend that will allow them to go on safari in Australia. His election though will mean little by way of change for the region, which is increasingly dependent on Russia for support financially and politically as it faces a humanitarian crisis which will only worsen in winter. "He (Zakharchenko) doesn't eat, he doesn't sleep. He works only for us 150 percent of the time," said Lyudmila Kovalenko, who works at a school and is an ardent supporter. She said the rebel leadership had fixed the windows of the school after it was hit by a mortar. But Natasha, 28, a nurse, said: "I didn’t vote in the elections. They mean nothing to me, they only mean more people with guns and more chaos. Since they’ve taken over, our Donbass has produced only idiots." "I don’t want to give you my last name because this is like the 1930s, like Stalin’s purges, people are afraid to speak their mind," she said. More»
Amwal Al Ghad English - 2014-11-03 14:03:52
Britain will pay back part of the outstanding debt used to fund World War One next year, when it redeems government bonds first issued almost 90 years ago by then-finance minister Winston Churchill. The finance ministry said on Friday that it would redeem 218 million pounds ($348 million) of 4.0 percent consols - a rare type of bond with no maturity date - on Feb. 1 next year, to be funded by issuing new debt. This is the first time this type of gilt has been redeemed since the late 1940s - in part because until recently it required lower interest payments than similar new debt. Issued in 1927, the consols were used to refinance government bonds bought by Britain's public to help fund World War One. "For those of us who love the gilt market it's a sad day - there's a few old-timers crying in the corner," said Barclays bond strategist Moyeen Islam. "But it's symbolic more than anything." Speculation about the future of Britain's long-standing perpetual bonds has grown because government borrowing costs are at historically low levels, making newly-issued debt cheaper to maintain. On Tuesday, Britain achieved a yield below 3 percent at a syndicated sale of the 2068 gilt , the longest-dated conventional government bond in any major advanced economy. By contrast, the 4 percent consol yielded slightly more than 3 percent on Friday, and until a few weeks ago offered a yield closer to 4 percent. The Treasury said around 2 billion pounds of World War One debt remains, and that it was looking into the practicalities and value for money of repaying the outstanding debt in full. Most of that comprises the 1.9 billion-pound 3.5 percent War Loan , issued in 1932, which the Treasury might also decide to redeem at some point in the near future, said Islam. "It remains something of the elephant in the corner," said Islam. Perpetual gilts make up only around 0.2 percent of Britain's 1.4 trillion-pound stock of government debt, but have a long history. Some of the debt that will be repaid next year can be traced back to the 17th century, including debts used to finance the Napoleonic and Crimean wars, the finance ministry said. "The fact that we will no longer have to pay the high rate of interest on these gilts means that most important of all, today's decision represents great value for money for the taxpayer," said finance minister George Osborne. More»
Amwal Al Ghad English - 2014-11-03 09:10:46
Burkina Faso's army cleared thousands of protesters from the capital and opened fire at state TV headquarters on Sunday, killing one person, as it sought to restore order following the resignation of President Blaise Compaore two days ago. Compaore's 27 years in charge of the landlocked former French colony ended abruptly on Friday after two days of mass protests aimed at thwarting his bid to change the constitution to extend his rule. The army then selected Lieutenant Colonel Isaac Zida as transitional leader, overriding an earlier claim by the army chief of staff. But on Sunday there were signs of discontent with the appointment as thousands gathered in the capital Ouagadougou to demand a return to civilian rule, in line with the West African country's constitution. Witnesses said prominent opposition leader Saran Sereme and an army general, along with a crowd of their supporters, headed to the RTB Television site on Sunday afternoon to declare themselves in charge of the transition but were thwarted by the army. Sereme denied this on local news website Burkina 24, saying she was brought to the station by force. Gunshots rang out at the station and the channel was taken off the air for several hours. One person in the crowd was killed, an army spokesman said, calling for calm. "The army does not want power. But the anarchy needs to stop. Any violation will be punished with the utmost energy," said Auguste Barry, referring to the incident at the television station earlier in the day. Shortly afterwards, presidential guards moved in to prevent access to Ouagadougou's central Place de la Nation, the site of violent demonstrations against Compaore last week in which three people were killed and the parliament set ablaze. BETRAYAL BY ARMY Earlier, local people voiced outrage over what they saw as an attempt by the army to hijack their uprising and criticized the role of Zida, a large bespectacled man little known outside military circles whose trademark is a red beret. One citizen carried a placard saying "Zida = Judas" while another said "Zida - get out of here". "They are coming from Kossyam to enslave us," said protester Sanou Eric, referring to the country's presidential palace. "This is a coup d'etat. Zida has come out of nowhere." "I am here to stop the army from stealing our victory," said another protester, Boubacar Sow. The head of the United Nations Office for West Africa joined the United States and the African Union in rejecting the army's seizure of power but expressed cautious optimism about a return to civilian rule. Washington has also called for a power transfer to civilian authorities. "We are hoping for a transition led by civilians in line with the constitution," Mohammed Ibn Chambas said. "He (Zida) said he will reflect and try to work with the U.N., African Union and the Economic Community of West African States and to find an acceptable agreement which conforms to the constitution," said Chambas, adding that sanctions were a possibility if there was no progress. Under Burkina Faso's constitution, the head of the National Assembly should take office if the president resigns, with a mandate to organize elections within 90 days. However the army has dissolved the legislature and suspended the constitution. REGIONAL ALLY Compaore, who seized power in the small, impoverished country in a 1987 coup, became a key ally of the United States and former colonial power France in operations against al Qaeda- linked groups in West Africa. Locals blame Compaore for not doing more to tackle poverty in the nation of 17 million people by reinvesting government earnings from the gold and cotton sectors. Diplomats say one reason why Compaore was so reluctant to leave power was his fear of prosecution on human rights charges, possibly linked to the death of left-wing revolutionary and former president Thomas Sankara, dubbed "Africa's Che Guevara". Neighboring Ivory Coast confirmed on Saturday that Compaore had arrived there with his family and entourage but did not specify where he was staying. The events in Ouagadougou are also being carefully followed by a generation of long-serving African leaders in Benin, Congo Republic and Democratic Republic of Congo who are also approaching the constitutional limits of their terms in office. The United States and other Western countries have urged leaders to respect their constitutions, although analysts say that external pressure to democratize may be governed by strategic interests. Washington can freeze military cooperation with Burkina Faso if it deems a coup has taken place. More»