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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Universal For Paper and Packag   4.94        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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 - 2015-07-07 08:21:47
Iran and UN nuclear monitors took a "major step" toward resolving remaining issues regarding the Islamic republic's disputed atomic programme, an Iranian spokesman said Tuesday. The 24-hour visit to Iran by experts from the International Atomic Energy Agency (IAEA) on Monday followed a similar trip last week by its chief executive Yukiya Amano, but no clear outcome was reached. Quoted by the official IRNA news agency, the spokesman for Iran's Atomic Energy Organisation, Behrouz Kamalvandi, said progress was made but he gave no details on the latest discussions. "Iran and the IAEA took a major step in resolving the outstanding issues to reaching a fundamental understanding on the topics and the timing of cooperation," he said. Kamalvandi described Monday's meetings as "constructive and forward-looking" and said the second IAEA visit "shows the serious determination of both sides to enhance cooperation." More»
Amwal Al Ghad English - 2015-07-06 11:29:33
Foreign ministers from major powers began crunch talks in Vienna on Monday seeking to seal a historic nuclear deal to end a 13-year standoff, one day before a final deadline, officials said. The United States, Russia, China, Britain, France and Germany want Iran to sharply curb its nuclear programme to make any push to acquire the atomic bomb all but impossible, in return for sanctions relief. Iran denies wanting nuclear weapons, saying its activities are purely for peaceful purposes such as generating electricity and treating cancer patients. More»
Amwal Al Ghad English - 2015-07-06 08:41:53
Greece's finance minister resigned Monday in what appeared to be a concession by Prime Minister Alexis Tsipras to international creditors after his resounding victory in a historic bailout referendum. The shock announcement came as European leaders scrambled for a response after Greek voters said a resounding "No" to further austerity measures in return for bailout funds in a referendum that could see the country crash out of the eurozone. "Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted 'partners', for my... 'absence' from its meetings," Varoufakis, who had often clashed with creditors in negotiations over the past months, said on his blog. It was "an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today," he said. The euro rose after Varoufakis's announcement, which was expected to renew hopes that the creditors -- the ECB, the EC and the International Monetary Fund (IMF) -- could be persuaded back to the negotiating table despite the country's decisive rejection of the reforms they were demanding in return for the release of a final tranche of bailout funds. German Chancellor Angela Merkel was to meet with French leader Francois Hollande in Paris amid a flurry of other meetings to size up the implications of the vote, a victory for Greece's radical left-wing Tsipras, who insisted it did not mean a "rupture" with Europe. European Union president Donald Tusk said an emergency eurozone summit would be held on Tuesday. With the ramifications still unclear and some analysts putting the chances of a "Grexit" at "very high", European Commission head Jean-Claude Juncker was to hold a teleconference on Monday morning with European Central Bank chief Mario Draghi, Tusk and Eurogroup head Jeroen Dijsselbloem. Meanwhile German and French finance ministers were set for talks beginning in Warsaw at 0800 GMT, while the Euro Working Group of top treasury officials will meet in Brussels. European leaders had reacted with a mix of dismay and caution to the figures released by the Greek interior ministry early Monday showing the final tally in the referendum at 61.31 percent "No" and 38.69 percent "Yes", with turnout at 62.5 percent. Tsipras has "torn down the bridges" between Greece and Europe, Merkel's deputy chancellor, German Economy Minister Sigmar Gabriel, told the Tagesspiegel newspaper. Despite the Greek premier's assertions, new bailout negotiations now were "difficult to imagine", he said. Dijsselbloem called the Greek "No" result "very regrettable for the future of Greece". Britain vowed it would do "whatever is necessary" to protect its own economic security in light of the vote. In Asian trade, the single currency held up against the dollar, after dropping in the immediate wake of the vote. Shinya Harui, currency analyst at Nomura Securities in Tokyo, said the common currency was holding up as investors "assess the spill-over risks in case of a Greek exit from the eurozone", adding: "I personally think the chance (of the Greek exit) is very high, at around 70-80 percent." In a televised address after the referendum, Tsipras insisted the vote did not mean a break with Europe. He has emphasised that euro membership is meant to be "irreversible", with no legal avenue to boot a country out. "This is not an mandate of rupture with Europe, but a mandate that bolsters our negotiating strength to achieve a viable deal," he said. More»
Amwal Al Ghad English - 2015-07-06 08:31:25
Having squarely rejected the terms of new financial aid for their cash-strapped country, Greece wakes up to an uncertain future on Monday. More»
Amwal Al Ghad English - 2015-07-05 11:23:07
Foreign ministers from major powers were expected back in Vienna Sunday seeking to score a huge diplomatic success by nailing down a nuclear deal with Iran after almost two years of intense effort. Ahead of Tuesday's final deadline, there were signs that inside the neoclassical palace-turned-hotel hosting the past eight days of talks by armies of technical and legal experts, the end may be in sight. "Extending the talks is not an option for anyone... We are trying to finish the job," Iran's lead negotiator Abbas Araghchi told Iranian TV late Saturday, saying there was a "positive atmosphere". But he added: "If we reach an agreement that respects our red lines then there will be a deal. Otherwise we prefer to return home to Tehran empty-handed." Diplomats said that on one of the thorniest issues -- sanctions relief for Iran -- a compromise may have been worked out, at least among the experts thrashing out the complex final accord. More»
Amwal Al Ghad English - 2015-07-05 09:51:53
U.S. Democratic presidential candidate Hillary Clinton accused China on Saturday of stealing commercial secrets and "huge amounts of government information," and of trying to "hack into everything that doesn't move in America." Clinton's language on China appeared to be far stronger than that usually used by President Barack Obama's Democratic administration. Speaking at a campaign event in New Hampshire, Clinton said she wanted to see China's peaceful rise. "But we also have to be fully vigilant, China's military is growing very quickly, they're establishing military installations that again threaten countries we have treaties with, like the Philippines because they are building on contested property," said Clinton, who was secretary of state from 2009 to 2013. "They're also trying to hack into everything that doesn't move in America. Stealing commercial secrets ... from defense contractors, stealing huge amounts of government information, all looking for an advantage," she said. Clinton is the front-runner to win the Democratic nomination for the November 2016 presidential election. Asked about the remarks, a White House official declined to comment. In the most recent case involving suspicions of Chinese hacking, Obama administration officials have said China is the top suspect in the massive hacking of a U.S. government agency that compromised the personnel records of at least 4.2 million current and former government workers. China has denied hacking into the computers of the U.S. Office of Personnel Management. More»
Amwal Al Ghad English - 2015-07-05 09:45:11
Greeks voted on Sunday whether to accept or reject the tough terms of an aid offer to stave off financial collapse, in a referendum that may determine their future in Europe’s common currency. Held against a backdrop of default, shuttered banks and threats of financial apocalypse, the vote was too close to call and looked certain to herald yet more turbulence whichever way it went. More»
Amwal Al Ghad English - 2015-07-04 11:13:59
Russian President Vladimir Putin on Saturday said relations between Moscow and Washington were key to ensuring global stability and called for dialogue based on "equality and respect." In a message to his US counterpart Barack Obama on Independence Day in the United States, Putin said US-Russian relations were "the key factor in ensuring stability and security in the world, despite the differences" between the two countries. "Russia and the United States are able to find solutions for the most difficult international problems and effectively counter global threats and challenges," Putin said in a telegram, according to the Kremlin. This needs to be done by "building dialogue on the principles of equality and respect of each other's interests," the message said. More»
Amwal Al Ghad English - 2015-07-04 09:46:14
BBC Director general’s full message explaining plan to make the corporation ‘smaller and leaner’ BBC director general Tony Hall has announced more than 1000 job cuts across the corporation. Dear all, I care deeply about this organisation – and the people in it. That’s why I wanted to share with you, openly and honestly, some big changes we’re making to make the BBC simpler and leaner. There are two things going on, which make today’s announcements very necessary. The first goes back to something I said when I came back here. I said I wanted a simpler organisation. It’s what many of you have told me too – and it requires a different approach. Secondly, we’re facing a very difficult financial situation. Many of you have worked hard to achieve the savings we’ve made already. I know it’s been hard. But there’s more to do. And, before we do anything else that affects our programmes and services, we have to make sure we’re running the BBC as efficiently as possible. I’m announcing four things – aiming to do just that. Merging divisions We’re looking at the number of divisions we need. As a first step, I’ve asked Ralph Rivera, Matthew Postgate and David Gibbons to bring together our teams in Technology, Engineering and Digital. And, that’s not just in the public service, but across Worldwide too. It’s just a start – and, over the next few months, I’ll be working with our directors to see what more we can do. Cutting out layers We’ve taken a good look at the structures across the BBC. In some places there are 10 layers between the top and the bottom of the organisation. I think that’s too many – and, in future, we’ll work to a maximum of seven. Reducing management roles I’m a huge believer in strong management – management that’s enabling and supports creativity. But the reality is, a simpler organisation, with fewer divisions and layers, will inevitably require fewer senior decision-makers in all parts of the BBC. I know this is hard – but it’s the right thing to do. Simplifying procedures Finally, we’re looking at how we run our professional and support areas – by which I mean all the teams, doing things as varied as marketing, finance, legal, HR and communications. They do a vital job for us. We’ll be asking how each area should be structured, how we can simplify, and standardise, the ways we work – looking right across the public service and Worldwide. These changes will save £50m a year. And, you know as well as I do, that many of those savings will be roles that we close. We estimate over 1,000 jobs will go. I recognise this is a very tough message. And, I want to make it clear that even though we’ll inevitably be closing posts, it’s not a reflection of the commitment or hard work of the people doing those jobs. This is about structural change. It’s about doing the right thing – to deliver maximum value to audiences, in a very challenging financial situation. I want you to know we’ll handle this decently – and fairly. There’ll be more opportunities to discuss all this today and over the coming weeks. And we’ll keep staff informed throughout, before any final decisions are taken. Best wishes, Tony Director-General More»
Amwal Al Ghad English - 2015-07-04 09:39:49
The BBC is to cut more than 1,000 jobs, mainly by slashing layers of management and squeezing back office functions such as marketing and communications. Tony Hall, director general of the BBC, addressed staff in London on Thursday and explained that the cuts are needed to make up for a funding shortfall of £150m in 2016-17 largely due to the faster-than-expected switch to online viewing. Hall wrote: “A simpler, leaner BBC is the right thing to do and it can also help us meet the financial challenges we face. “We’ve already significantly cut the costs of running the BBC, but in times of very tough choices we need to focus on what really matters – delivering outstanding programmes and content for all our audiences.” Addressing staff in London, Hall said: “My central proposition is this - before we do anything else that affects our services – we have to ensure we’re running the place as efficiently, effectively and simply as possible.” The new proposals are expected to save £50m largely by merging divisions and cutting layers of management. Senior management roles will be cut across the board. In some places there are currently 10 layers of people and this will be cut to a maximum of seven in all areas. In a release, the BBC said: “A simpler organisation will inevitably require fewer managers, especially at senior levels.” Professional and support areas will be “simplified and procedures standardised”, a move that will hit employees in marketing and communications, finance, HR, IT support and the legal department. Technology teams across digital, engineering and worldwide will be merged. Staff in these areas are to be told to expect further changes which will bring those working in public service television together with those working in the group’s commercial arm. Consultations with staff will start in earnest over the summer, with most of the jobs expected to go by the beginning of next year. The corporation currently has about 18,000 staff, so the cuts represent more than 5% of its workforce. Saying that he will personally oversee the changes, Hall added: “I recognise this is a very tough message. I’m under no illusion that what I’ve said today will cause great anxiety across many parts of the organisation. “This is a lot of change and it will happen quite fast. But, I want all of you to know that we’ll handle this decently and fairly.” The cuts come as the BBC faces tough negotiations over the renewal of its royal charter, which is due to end in 18 months’ time. Hall, who promised a leaner and simpler BBC when he became director general two years ago, said: “We’re facing a very testing time. I haven’t chosen this path lightly or without a great deal of thought. I care greatly about this organisation and the people in it. But I genuinely believe this is the right thing to do – at the right time.” A frozen annual licence fee of £145.50 in the last charter review and a raft of new expenses such as paying for broadband rollout has already meant a 26% decline in income, according to the BBC. The Conservative government, which is set to unveil a green paper on charter renewal in coming weeks, is thought to be considering making the BBC cover the cost of free licence fees for the over-75s, as well as decriminalising non-payment of the licence fee, which could also cost the corporation £200m. Praising recent BBC successes in televising Glastonbury and the women’s football World Cup, Hall made a direct appeal to licence fee payers who fund the BBC: “We must demonstrate that, even in times of very tough choices, we focus on what really matters – delivering outstanding programmes and content for all our audiences. They’re the reason we exist. We must not let them down.” The BBC estimates that previous savings will have cut £1.5bn a year in costs by 2017. In announcing the cuts on Thursday alongside a report from accountants PwC, Hall said the BBC’s “record on efficiency is second to none”. More»