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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        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        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        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 - 2015-08-30 08:47:15
China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said. The premier, in remarks published late Saturday after a special cabinet meeting, said China is continuing to steadily manage its economy. Li said international market instability "has increased the uncertainties around the global economic recovery, and the impact on China's financial market and imports and exports has also deepened, with the economy facing new pressure." He defended China's efforts to steer through a volatile period since mid-June, when China's stock market plunged. On Friday, Shanghai's benchmark index .SSEC was nearly 38 percent below where it was on June 12. The premier reiterated earlier remarks that there's no basis for continued depreciation of the yuan CNY=CFXS following its devaluation on Aug. 11. The yuan "will stay basically stable as a reasonable and balanced level," he said. More»
Amwal Al Ghad English - 2015-08-30 08:15:23
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) disclosed a $4.48 billion stake in oil refiner Phillips 66 (PSX.N), rebuilding a bet it had made in the energy industry before oil prices fell. The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission. Phillips 66 shares closed Friday at $77.23. Berkshire once held a large stake in the Houston-based company, but shed nearly two-thirds of it in February 2014 when it swapped $1.35 billion of shares for a chemicals business that it folded into its Lubrizol unit. Crude oil prices have since fallen by more than half, though Phillips 66's share price has dropped by less than 1 percent. Phillips 66 spokesman Dennis Nuss on Saturday said the Houston-based company does not comment on specific shareholders.Berkshire may have begun rebuilding its Phillips 66 stake in the second quarter, when it bought $3.09 billion of equities overall. More»
Amwal Al Ghad English - 2015-08-29 14:50:54
France, Germany and Russia back plans for a complete ceasefire in eastern Ukraine from Sept. 1, the French presidency said after their respective leaders spoke by telephone on Saturday. Ukraine and pro-Russian separatists, in a gesture to shore up a tenuous ceasefire, agreed on Aug. 26 to strive for an end to all truce violations from next Tuesday, the OSCE and rebel representatives have said. In a statement, French President Francois Hollande's office said he also agreed with German Chancellor Angela Merkel and Russian President Vladimir Putin that it would be useful to hold a summit with Ukraine's Petro Poroshenko in the coming weeks. "They strongly backed the call for a complete ceasefire from Sept. 1," Hollande's office said. "They underlined that the respect of a lasting ceasefire was a necessity given the situation of civilians in eastern Ukraine." More»
Amwal Al Ghad English - 2015-08-29 08:16:52
U.S. President Barack Obama said on Friday that the U.S. and Israeli governments have been in discussions for months about security cooperation. "We've been in discussions with the Israeli government for months now about the importance of us getting back on track in working together to enhance our security cooperation," Obama said during a webcast with U.S. Jewish organizations about the nuclear deal with Iran. More»
Amwal Al Ghad English - 2015-08-29 07:48:20
Many commodities faced a fierce sell-off earlier this week, rooted in demand fears arising from China's slowdown, but ;later rebounded in line with equities after surprisingly strong US growth data. World stock markets were hammered on Black Monday -- with Shanghai collapsing by almost 8.50 percent -- as risk-averse investors dumped shares and many commodities over panic that the flagging Chinese economy could spark a new world recession. Crude oil dived to 6.5-year lows but finished the week in positive territory after a Chinese rate cut and solid US GDP numbers. Base or industrial metals were among the hardest hit, with aluminium and copper striking six-year lows on China demand fears, while lead and zinc also suffered. The Bloomberg Commodity Index of 22 raw materials tumbled to a 16-year-low, with many markets plagued also by oversupply and rising production. Sentiment was boosted Thursday by easing China worries and upbeat US growth data, and after one of the most senior Federal Reserve officials declared that recent China turmoil had weakened the case for a rate hike in September. Investors remain fearful that the Asian powerhouse's slowdown could ravage demand for raw materials, which have fed its astonishing growth in recent years. "The steep fall in commodities ... is all down to bearish sentiment about China," said Phillip Futures analyst Daniel Ang. "Investors are fearing further price drops in commodities and are channelling funds to safe havens including gold and the Japanese yen." OIL: Prices collapsed Monday to levels last seen during the global financial crisis, with Brent and WTI sinking to $42.23 and $37.75 respectively. Prices then held close to six-and-a-half year lows on fears about slowing economic growth and faltering demand from top energy consumer China. "Investor sentiment towards commodities has rarely -- if ever -- been more negative," said Julian Jessop, head of commodities research at Capital Economics. "However, the recent sharp falls in prices can largely be seen as the continuation of trends in place since 2011. The main difference is that oil, previously an outlier, has caught up." Sentiment was soothed by Tuesday's interest rate cut from the People's Bank of China (PBoC). Both oil contracts then soared 10 percent Thursday after news the US economy -- the world's biggest followed by number two China -- grew at an annual rate of 3.7 percent in the second quarter or April-June period, after 0.6 percent in the first quarter. The Q2 reading had been initially estimated at 2.3 percent and analysts had expected a smaller revision upward to 3.1 percent. "There's a bit of shock and disbelief at the strength of the US economic data," CMC Markets strategist Michael McCarthy told AFP. Investors were also buoyed by strong data on US durable manufactured goods and crude inventories. By Friday on London's Intercontinental Exchange, Brent North Sea crude for delivery in October rallied to $47.20 a barrel from $45.91 a week earlier. On the New York Mercantile Exchange, West Texas Intermediate or light sweet crude for October gained to $42.03 a barrel from $40.91. PRECIOUS METALS: Gold scored a seven-week pinnacle at $1,170.34 per ounce on Monday as investors sought safety in the traditional safe haven. "Gold has been a wealth preservation tool for centuries as it is an effective hedge against various risks including financial risk, currency weakness, inflation and tail risks for investors the world over," said Alistair Hewitt, head of market intelligence at London-based trade body the World Gold Council. The struggling greenback made dollar-priced gold cheaper for investors holding stronger currencies, thereby stimulating demand and boosting prices. However, gold fell back towards the end of the week, weighed down as the dollar advanced on solid US GDP data. By Friday on the London Bullion Market, the price of gold declined to $1,135 an ounce from $1,156.50 a week earlier. Silver eased to $14.44 an ounce from $15.46. On the London Platinum and Palladium Market, platinum decreased to $1,003 an ounce from $1,028. Palladium slid to $573 an ounce from $610. More»
Amwal Al Ghad English - 2015-08-27 09:20:27
A man who shot dead two journalists on live TV in the US state of Virginia apparently sent a rambling fax to ABC News describing himself as a "human powder keg" shortly after the attack. Vester Flanagan, who had been dismissed by the same station, WDBJ7, killed himself after a police chase. In the fax, a man said to be Flanagan describes suffering discrimination and bullying for being gay and black. The White House said Wednesday's attack showed the need for better gun control. The two people killed were WDBJ7 reporter Alison Parker and cameraman Adam Ward. Station manager Jeff Marks said: "I cannot tell you how much they were loved." He said Flanagan was an "unhappy man" who had to be escorted from the WDBJ7 building after being dismissed in 2013. Ms Parker was conducting a live interview with a guest on tourism early on Wednesday in the town of Moneta when the incident occurred. More»
Amwal Al Ghad English - 2015-08-27 08:55:08
Lending to euro zone households and firms accelerated slightly in July while a broader measure of money circulating in the euro zone also picked up, European Central Bank data showed on Thursday. Lending growth to households picked up to 1.9 percent in July from 1.7 percent a month earlier while lending to non-financial corporations accelerated to 0.9 percent from 0.2 percent. Sparse lending to companies had dogged the struggling euro zone economy although the picture has been improving since late 2014 and policy setters said the bloc is recovering, albeit slowly. More»
Amwal Al Ghad English - 2015-08-26 11:44:30
China has sacked the head of its work safety regulator for suspected corruption, state news agency Xinhua said on Wednesday, following blasts that killed more than 100 people in the port city of Tianjin this month. The ruling Communist Party's graft watchdog began an investigation into Yang Dongliang last week following the massive explosions in a warehouse storing dangerous chemicals. A total of 139 people are now confirmed to have died, while 34 remain missing. A brief statement carried by Xinhua, citing the party's organization department which is responsible for personnel decisions, said Yang had been stripped of his position as chief of the State Administration of Work Safety. He is suspected of "serious breaches of discipline and the law", the report said, using the usual euphemism for corruption. It gave no other details and it was not possible to reach Yang for comment. Officials are almost always fired soon after announcements of party graft investigations. The government has not explicitly linked Yang's case to the Tianjin incident, but the company that operated the chemical warehouse that blew up did not have a license to work with such dangerous materials for more than a year. Yang was vice mayor of Tianjin, a city of 15 million people, until 2012. China has struggled in recent years with incidents ranging from mining disasters to factory fires which have caused deep public anger, and President Xi Jinping has vowed that authorities should learn the lessons paid for with blood. The Tianjin disaster has again raised questions about safety standards following three decades of fast economic growth. A blast at an auto parts factory killed 75 people a year ago. The government has confirmed there were about 700 tons of deadly sodium cyanide in the warehouse that blew up. The blasts devastated a large industrial site and nearby residential areas. More»
Amwal Al Ghad English - 2015-08-26 09:12:34
TVEL Fuel Company, a subsidiary of Russian state-run ROSATOM, announced Tuesday it is ready to deliver fresh nuclear fuel to the Bushehr Nuclear Power Plant. The first batch of fuel for the Bushehr NPP’s first block in Iran was manufactured on the Novosibirsk’s chemical concentrates plant in accordance with the contractual obligations of the Russian side. Delivery will be made by the end of August 2015 in order to ensure the planned reactor’s reload with fresh nuclear fuel. Thus, an Iranian nuclear reactor will be connected to the country’s energy system on time without any disturbance to the consumers, as well as to nuclear and radiation safety. In July 2015, the basic documents on Iran's nuclear program were signed by the permanent five members of the UN Security Council plus Germany (International Group of "six") and Iran, which define the joint actions aimed at removing restrictive measures from the country. Right after these decisions the Russian nuclear fuel manufacturer – TVEL Fuel Company – opened bank accounts at one of the Iranian banks with a branch in Russia, in order to ensure timely delivery of fuel assemblies and payment for the supply. Loading of fresh fuel with the presence of international experts during a planned maintenance of the Bushehr Nuclear Power Plant is scheduled on September. “TVEL” Fuel Company is included into Fuel Division of Rosatom and combines enterprises for nuclear fuel fabrication, uranium conversion and enrichment, manufacturing of gas centrifuges, as well as research and development and design organizations. TVEL Fuel Company has been flawlessly operating for the past twenty years at the global market of nuclear fuel, providing supplies to 78 reactors in 15 countries, therefore, ensuring reliable operation of nuclear power plants, nuclear and radiation safety remain major priorities for the company’s operations. One in six power reactors in the world operates on fuel, produced by “TVEL” FC. Another proof of this will be the Russian fuel assemblies’ timely delivery for nuclear power stations to Iran. More»
Amwal Al Ghad English - 2015-08-25 09:20:58
North and South Korea agreed early on Tuesday to end a military standoff that sparked an exchange of artillery fire and had ratcheted up tension on one of the world's most heavily-fortified borders. Under an accord reached in the early hours, following more than two days of talks, North Korea expressed regret over the recent wounding of South Korean soldiers in landmine blasts and Seoul agreed to halt anti-Pyongyang propaganda broadcasts. North Korea also agreed to end the "semi" state of war it had declared. The two sides will hold follow-up talks to discuss a range of issues on improving ties, the joint statement said. Both sides began rolling back heightened military postures at noon (0300 GMT), Seoul's defense ministry said. "It is very meaningful that from this meeting North Korea apologized for the landmine provocation and promised to work to prevent the recurrence of such events and ease tensions," said Kim Kwan-jin, national security adviser to South Korean President Park Geun-hye, who headed Seoul's delegation. Pyongyang had denied laying the landmines, and in the statement did not explicitly take responsibility for them. However, any expression of regret by the North, better known for its bellicose rhetoric, is rare. The marathon talks at the Panmunjom truce village inside the Demilitarised Zone (DMZ) separating the two Koreas began on Saturday, shortly after Pyongyang's deadline for the South to halt its propaganda broadcasts or face military action. "They both made compromises. South Korea did not get an apology, they got a statement of regret about the injury, which they can spin as an apology," said John Delury of Yonsei University in Seoul. More»