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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Northern Upper Egypt Developme   4.93        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        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        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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 - 2016-10-11 10:33:12
A Turkish prosecutor ordered on Tuesday the detention of 125 police officers in the investigation of a religious movement the government blames for an unsuccessful military coup, the state-run Anadolu Agency reported.  It was the second wave of arrests since Oct. 7 to target suspected coup plotters in the police force, the private Dogan News Agency said on its website. Authorities were conducting raids in Istanbul, and among the officers being sought were 30 deputy police chiefs, Anadolu said. No one was immediately available at the prosecutor's office to comment on the warrants. More»
Amwal Al Ghad English - 2016-10-11 10:11:55
Support for German Chancellor Angela Merkel's conservatives has fallen below the 30 percent mark for the first time, a poll showed  Tuesday, with her Social Democrat (SPD) coalition partners gaining slightly a year before a federal election. The INSA survey in Bild newspaper put Merkel's conservatives down 0.5 percentage points at 29.5 percent, the lowest level measured for the bloc by that polling institute. The SPD gained 1 percentage point but was still far behind at 22 percent and the anti-immigrant Alternative for Germany (AfD) was unchanged on 15 percent. More»
Amwal Al Ghad English - 2016-10-11 09:59:54
South African prosecutors issued Finance Minister Pravin Gordhan with a formal summons in relation to the establishment of a tax department investigation unit a decade ago, sending the rand reeling on Tuesday. The currency fell as much as 3 percent when prosecutor Shaun Abrahams made his first announcement at a news conference in the capital, Pretoria. The currency then extended its falls, trading at 14.2950 against the dollar at 0833 GMT, a 3.5 percent decline. Gordhan, who is highly respected by financial markets, has painted the allegations about his role in establishing the special tax unit as "political mischief" but said prosecution officials delivered a summons to his house on Tuesday morning. He was not at home at the time, he told reporters, adding that his lawyers would be issuing a statement shortly. Abrahams denied any mischief in the handling of the case, saying the surveillance unit was set up in a "very strange manner" and had not been cleared by the national intelligence services. More»
Amwal Al Ghad English - 2016-10-11 09:48:42
Donald Trump's disparaging remarks about how he treats women, captured on tape and made public Friday, may hurt more than his chances of becoming president. A survey by brand engagement and customer loyalty research consultancy Brand Keys shows that Trump's "brand strength" — defined by consumer engagement and brand loyalty — declined 1 to 8 percentage points in seven key categories after the release of the 2005 "Access Hollywood" tape on Oct. 8 where he claims that "when you are a star … you can do anything" to women, including grabbing their "p----." The comments were made to Billy Bush, who at the time was an anchor for "Access Hollywood." Bush has since been suspended indefinitely from his post on NBC's "TODAY" show pending further review. Trump has called the comments "locker room" banter, and denied sexually assaulting women during Sunday's second presidential debate. More»
Amwal Al Ghad English - 2016-10-11 09:34:15
Russia's President Vladimir Putin has postponed a planned visit to France amid a row over Syria, French presidential sources announced Tuesday. Mr Putin had been due to go to Paris on 19 October to discuss the crisis in Syria. On Monday, French President Francois Hollande suggested Russia could face war crimes charges over its bombardment of Syria's second city, Aleppo. There has been no confirmation of the postponement from Russia. More»
Amwal Al Ghad English - 2016-10-11 09:31:29
OPEC's oil production surged to record highs in September, a top energy watchdog said on Tuesday, underscoring the challenges the group faces as it seeks to curtail its output. Last month, the Organization of the Petroleum Exporting Countries agreed in Algiers to reduce the amount of oil it pumps to tackle a global oil glut--its first output cut in eight years. But in its closely-watched monthly report, the International Energy Agency said OPEC crude output rose by 160,000 barrels a day to a record 33.64 million barrels a day in September. That would imply the group needs to slash its production by between 640,000 and 1.14 million to reach 32.5 million to 33 million barrels a day, the ceiling range it agreed in Algiers. "OPEC has effectively abandoned its free market policy set in train nearly two years ago," said IEA, which advises industrialized nations on their energy policies. "Now the real work starts." Iraq, where production was one of the most contentious issues at the Algiers meeting because it disputes independent estimates, pumped a record 4.46 million barrels a day, a boost of about 90,000 barrels a day, the IEA said. Supply from Libya, Iran and Nigeria also increased respectively by 70,000 barrels a day, 30,000 barrels a day and 20,000 barrels a day, the IEA said. Further increases from these three nations--which are exempted from the Algiers deal--"would suggest that bigger cuts would have to be made by others, such as Saudi Arabia," the agency said. Output from the kingdom, OPEC's largest producer, fell by about 20,000 barrels a day to 10.58 million barrels a day, according to the IEA. Russian President Vladimir Putin said on Monday that Moscow could join OPEC's production cuts despite not being a member. But last month, his country boosted production of crude and natural-gas-liquids by about 400,000 barrels a day to a post-Soviet high of 11.1 million barrels a day, the agency said. The combination of high OPEC and non-OPEC output helped drive global oil supply up by 0.6 million barrels a day in September. To be sure, fundamentals are improving for producers. Demand is forecast to expand by 1.2 million barrels a day in 2017, the IEA said. The agency upgraded its global consumption forecast by about 200,000 barrels a day to 97.5 million barrels a day. It also said commercial inventories in industrialized nations fell for the first time since March, by 10 million barrels to 3.092 billion barrels in August. Still, the agency warned that "the market, if left to its own devices, may remain in oversupply through the first half of next year." But "If OPEC sticks to its new target, the market's rebalancing could come faster," it added. More»
Amwal Al Ghad English - 2016-10-11 09:18:48
Twenty two people have been confirmed dead following a group of residential buildings collapsed in eastern China, state media reports on Tuesday.  The incident on Monday saw four buildings in Wenzhou in Zhejiang province reduced to rubble, reported the Xinhua news agency. The buildings were reportedly built by villagers in the 1970s and were in a poor condition. Most victims were migrant workers who had been renting cheap rooms. "They lost their lives to take advantage of cheap rent. It is horrible," Guo Lin, a witness told news outlet China News Service. Six people have been pulled out of the rubble alive. One survivor was a young girl who was protected by the bodies of her dead parents, reported the Global Times. More»
Amwal Al Ghad English - 2016-10-11 09:25:43
Russia may be ready to join OPEC's efforts to curb oil supply, but concerns remain about whether the deal would rebalance the oil market or not. Goldman Sachs analysts said in a Tuesday note that while recent comments by Saudi Arabia and Russia pointed to a greater probability of a production cut, "higher production from Libya, Nigeria and Iraq are reducing the odds of such a deal rebalancing the oil market in 2017." The investment bank's comments came after Russian President Vladimir Putin, speaking at an energy conference in Istanbul on Monday, gave a boost to oil prices by saying Russia was ready to join the joint measures to cap production and called for other oil exporters to join in the deal. The non-OPEC country is the world's largest oil exporter. Prices had already received a leg up in September after OPEC said it would limit output at its November policy meeting, in the hope of reducing a global supply overhang that has weighed on prices. Putin's comments sent oil prices up as much as 3 percent in the U.S. session. European Brent hit a one-year high while U.S. West Texas Intermediate rose to its highest in four months. Both grades were slightly lower around noon Tuesday in Asia, with Brent moving around $51.20 a barrel, while U.S. crude was around $53 a barrel. But Goldman cautioned that it was premature to assume that it would be pushed through. "An agreement to cut production, while increasingly likely, remains premature given the high supply uncertainty in 2017 and would prove self-defeating if it were to target sustainably higher oil prices," the bank's analysts wrote. ClipperData's Commodity Research Director Matt Smith was equally wary. With seven "long weeks" to go before the next OPEC policy meeting, it remained to be seen how the oil cartel and Russia would act on their verbal commitments, he said "Until we get some actual physical barrels being taken off the market or we get some actual levels put in place, then it is just words and no action," Smith told CNBC's "The Rundown" on Tuesday. The most significant factor in the loose deal was that de facto OPEC leader Saudi Arabia had flinched and shown itself willing to make concessions, most notably with arch-rival Iran, by letting the country increase production as it emerged from sanctions. With Saudi Arabia as OPEC's biggest exporter, "if there is going to be a production freeze or a production cut, it is Saudi Arabia that is going to do that heavy lifting," Smith explained. And there was the question of how U.S. energy producers would respond to an oil production cut. The rise in oil prices meant shale players would now be able to "hunker down and keep on producing", which would contribute to a rise in energy supplies globally, Smith said. Smith forecast that oil prices were likely to see limited upside from current levels. Goldman said a failure to reach an production cut would push prices sharply lower to $43 a barrel due to a global supply surplus in the fourth quarter of 2016. If a deal was reached but with its impact offset by an increase in other sources of supply, U.S. crude would hold around $52.5 a barrel in 2017, the bank added. More»
Amwal Al Ghad English - 2016-10-11 09:21:33
With less than four weeks to go before voters head to the polls, analysts at Citi have upped their chances of a victory for Hillary Clinton in the increasingly unpredictable fight for the White House. In raising their odds on a Clinton win from 60 percent to 70 percent, Citi's global researchers pointed to "continued momentum for Clinton in the polls, and (Donald) Trump's difficulty in overcoming challenges and broadening his appeal behind his stalwart supporters." This reverses the trend from a mid-September note published by the same political analysts, in which Donald Trump's chances jumped from 35 percent to 40 percent due to what Tina Fordham and her team described as an"enthusiasm gap" for Clinton. According to Citi, referencing data from political data source FiveThirtyEight, prediction markets now rate the chance of a Clinton victory at 80 percent and a Trump victory at 18 percent. This reflects an 18 percent bump for the Democratic candidate since the first debate on September 26 and a 17 percent slide for her Republican opponent. Meantime, the same sources indicate polls-based forecasts put the chance of a Clinton win at 82.5 percent (a 27.7 percent jump since thefirst debate) against 18.4 percent for Trump. However, the analysts warned, "we continue to be cautious due to concerns about polls capturing marginalized voters and the high potential for Black Swan events." Last weekend's flurry of headline-grabbing events, including a 2005 recording of Trump making comments widely interpreted as inappropriate and derogatory towards women as well as a WikiLeaks release of Clinton telling banks during paid speeches she has "both a public and private position" on Wall Street reform, are not yet reflected in the latest polls. Nor is Monday night's second presidential debate which general consensus determined to reflect yet another a lowpoint for U.S.politics but closely tied in terms of who made a better showing, Trump perhaps having the slight edge. Failure of both to command broad appeal continues as a distinguishing factor in a race characterized by among the highest ever negative personal ratings for candidates in a presidential battle. Despite this, Clinton's score has recently managed a slight improvement. Turning to the all-important swing states, Citi analysts described momentum on this front as "also moving in her favor" with Clinton currently ahead in 11 states as compared to Trump's lead in four. As we move into the last month of campaigning, the Citi analysts cite key factors to keep an eye on,including the third presidential debate scheduled for October 19. They also highlight "polling on national and state level as well as favorability numbers. The level of support for third party candidates has recently been on the decline, boosting Clinton's chances of winning. This trend as well as the number of undecided voters are important to watch for." According to Citi, any further senior defections from the Trump camp or critical statements from members of the Republican Party could also be "important signposts" about the direction of the race. The analysts pour cold water on the suggestion Trump's recent series of mis-steps may prompt his exit from the race ahead of the election, saying it is, "extremely unlikely Donald Trump will withdraw" and that there is "no mechanism to force him to do so." More»
Amwal Al Ghad English - 2016-10-11 08:45:36
Haiti's interim president has warned his country risks "real famine" following the "apocalyptic destruction" of Hurricane Matthew. Jocelerme Privert said famine could take hold within three to four months if the situation was not managed properly. It comes as UN Secretary General Ban Ki-moon called for a "massive response" to help the country. The category-four storm is believed to have killed as many as 900 Haitians. It has also wiped towns and villages off the map, destroying tens of thousands of homes, crops and food reserves. More»