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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 - 2016-09-03 08:08:08
Uzbek President Islam Karimov has died aged 78 after suffering a stroke, three diplomatic sources told Reuters on Friday, leaving no obvious successor to take over the Central Asian nation. The Uzbek government did not immediately confirm the reports. Earlier on Friday it said the health of Karimov, who has been in hospital since last Saturday, had sharply deteriorated. Long criticized by the West and human rights groups for his authoritarian style of leadership, Karimov had ruled Uzbekistan since 1989, first as the head of the local Communist Party and then as president of the newly independent republic from 1991. "Yes, he has died," one of the diplomatic sources said when asked about Karimov's condition. Turkish Prime Minister Binali Yildirim became the first foreign leader to offer condolences over the death of Karimov. The two countries have close ethnic, cultural and linguistic ties. Karimov did not designate a successor and analysts say the transition of power is likely to be decided behind closed doors by a small group of senior officials and family members. If they fail to agree on a compromise, however, open confrontation could destabilize Uzbekistan, which shares a border with Afghanistan and has become a target for Islamist militants. Uzbekistan is a major cotton exporter and is also rich in gold and natural gas. SUCCESSION A hint at who will succeed Karimov may come with the government's announcement of his death - which one source said was expected later on Friday - and whoever it names to head the commission in charge of organizing the funeral. The funeral appeared likely to take place in Karimov's hometown of Samarkand, where his mother and two brothers are also buried. Municipal authorities there mobilized public workers to clean the central streets late on Thursday. According the U.S. Federal Aviation Administration, the Samarkand airport was closed for arriving and departing aircraft on Saturday "except operations officially confirmed for this date" and all previous permissions for this date were canceled. This could indicate the government was making way for official foreign delegations to arrive. Among potential successors to Karimov are Prime Minister Shavkat Mirziyoyev and his deputy Rustam Azimov. Security service chief Rustam Inoyatov and Karimov's younger daughter Lola Karimova-Tillyaeva could become kingmakers. According to the constitution, Nigmatilla Yuldoshev, the chairman of the upper house of parliament, is supposed to take over after Karimov's death, and elections must take place within three months. However, analysts do not consider Yuldoshev a serious player. His erstwhile counterpart in Turkmenistan, who was also supposed to become interim leader after the death of authoritarian president Saparmurat Niyazov in 2006, was quickly detained and thus eliminated from the line of succession. Whoever succeeds Karimov will need to balance carefully between the West, Russia and China, which all vie for influence in the resource-rich Central Asian region. Another task of the new leader will be resolving tensions with ex-Soviet neighbors Kyrgyzstan and Tajikistan over disputed borders and the use of common resources such as water. More»
Amwal Al Ghad English - 2016-08-31 09:55:53
The euro zone remains stuck with a lackluster economy, latest figures show on Wednesday, with stubbornly low inflation and high unemployment levels in some of its member countries. Data from the euro zone's statistics authority Eurostat Wednesday showed inflation remained at 0.2 percent in August, unchanged from a July figure. Unemployment in the 19-country bloc came in at 10.1 percent, also unchanged from June. The news comes in spite of the European Central Bank unleashing a raft of monetary measures to stimulate spending and investment including negative interest rates and a trillion-euro corporate and sovereign bond-buying program. There are now mounting calls for governments to introduce fiscal stimulus measures to help stimulate the economy. Stephen Isaacs, the chairman of the investment committee at London-based alternative advisory firm Alvine Capital, told CNBC this month that more fiscal policy measures would take the strain from monetary policy. "I think monetary policy is a dead duck and I think bond yields at this level for investors represent absolutely no value and a huge amount of risk. What I would like to focus on is the coming fiscal reflationary trade because I think that is creeping out of the woodwork in many places," he told CNBC. More»
Amwal Al Ghad English - 2016-08-29 10:18:44
U.S. protectionism is being blamed by France and Germany’s government ministers for important free trade talks between the U.S. and the European Union teetering on the brink of collapse. "Those who are protectionist are Americans, Europe is very open," Matthias Fekl, France's Minister of State for Foreign Trade, Tourism and French Nationals Abroad, told CNBC on Monday. France is prepared to walk away from the negotiations for the high-profile Transatlantic Trade and Investment Partnership (TTIP) if no progress is made, he added. Fekl's comments come after Sigmar Gabriel, Germany's Vice-Chancellor, said over the weekend that TTIP has failed, but "nobody is really admitting it". Gabriel is likely to be campaigning against pro-TTIP Chancellor Angela Merkel next year. TTIP - and its Asia-Pacific equivalent, the Trans-Pacific Partnership - are a key tenet of the President Barack Obama's policies and are designed to make trade simpler by eliminating many of the tariffs in place to protect particular goods and industries. However, they have become a target for fears about the potential negative fallout from globalization. The political tide has been turning against TTIP and TTP for some time, with U.S. Republican presidential candidate Donald Trump pledging to "never sign any trade agreement which hurts our workers or which diminishes our freedom and independence" – a swipe at TTIP and While increased trade and the removal of barriers to trade appear on one hand to benefit both sides of the agreement, negotiations have stalled over whether the benefits would be evenly distributed. There has been a substantial grassroots campaign in Germany against the deal, fuelled by concerns that the agreement might lower the standards of goods, cause job losses or allow greater powers to big business to sue governments. France's President Francois Hollande has also criticized the deal for favoring the interests of U.S. businesses over Europeans. The groundswell of opposition is part of a growing mistrust of elites and globalization around the world, including the surprise vote in June for the U.K. to leave the EU – which means it will not be part of TTIP. The U.K. would have been up to £10 billion a year better off under TTIP if it had stayed within the EU, according to the U.K. business group the Confederation of British Industry. More»
Amwal Al Ghad English - 2016-08-29 09:51:55
U.S. Republican presidential nominee Donald Trump tweeted Sunday night that he would make a major speech on illegal immigration in Arizona on Wednesday. The announcement came a day after Trump said he would crack down on illegal immigrants who overstay their visas, as he sought to clarify his views on how to overhaul the U.S. immigration system. Last week, Trump had said he was "softening" on his plan to deport all 11 million illegal immigrants. That stance had aroused criticism from conservatives who wanted him to stand fast after he won the Republican presidential nomination in large part with a hard-line position that called for building a wall along the U.S. border with Mexico. "I will be making a major speech on ILLEGAL IMMIGRATION on Wednesday in the GREAT State of Arizona. Big crowds, looking for a larger venue," Trump, who had postponed an immigration speech originally planned for last Thursday in Denver, said in his tweet on Sunday. In another tweet on Sunday night, Trump said both he and Hillary Clinton, his Democratic rival for the Nov. 8 election, should release detailed medical records. "I have no problem in doing so! Hillary?" In his speech on Saturday in Iowa, Trump said he would seek to institute a tracking system to ensure illegal immigrants who overstay their visas are quickly removed, and would propose an e-verify system to prevent undocumented residents from gaining access to welfare and other benefits. "If we don’t enforce visa expiration dates, then we have an open border – it’s as simple as that," he said. Trump said his first priority on taking office next January would be the immediate deportation of thousands of undocumented immigrants who remain in the United States despite having committed crimes. "These international gangs and cartels will be a thing of the past," he said. "Their reign of terror will be over. In this task, we will always err on the side of protecting the American people – we will use immigration law to prevent crimes, and will not wait until some innocent American has been harmed or killed before taking action." Trump did not explain how his plan would affect undocumented residents who have been in the United States for decades and obeyed U.S. laws. More»
Amwal Al Ghad English - 2016-08-29 09:39:24
Free trade talks between the European Union and the United States have failed, Germany's economy minister announced on Sunday, citing a lack of progress on any of the major sections of the long-running negotiations. Both Washington and Brussels have pushed for a deal by the end of the year, despite strong misgivings among some EU member states over the Trans-Atlantic Trade and Investment Partnership, or TTIP. Sigmar Gabriel, who is also Germany's Vice Chancellor, compared the TTIP negotiations unfavorably with a free trade deal forged between the 28-nation EU and Canada, which he said was fairer for both sides. "In my opinion, the negotiations with the United States have de facto failed, even though nobody is really admitting it," Gabriel said during a question-and-answer session with citizens in Berlin. He noted that in 14 rounds of talks, the two sides haven't agreed on a single common item out of 27 chapters being discussed. Gabriel accused Washington of being "angry" about the deal that the EU struck with Canada, known as CETA, because it contains elements the U.S. doesn't want to see in the TTIP. "We mustn't submit to the American proposals," said Gabriel, who is also the head of Germany's center-left Social Democratic Party. Gabriel's ministry isn't directly involved in the negotiations with Washington because trade agreements are negotiated at the EU level. But such a damning verdict from a leading official in Europe's biggest economy is likely to make further talks between the EU executive and the Obama administration harder. Gabriel's comments contrast with those of Chancellor Angela Merkel, who said last month that TTIP was "absolutely in Europe's interest." Popular opposition to a free trade agreement with the United States is strong in Germany. Campaigners have called for nationwide protests against the talks on Sept. 17 — about year before Germany's next general election. More»
Amwal Al Ghad English - 2016-08-29 09:36:59
Singapore has confirmed Monday 41 cases of locally transmitted Zika virus infection, while ramping up health screenings and mosquito control efforts. All 41 people either lived or worked in the Aljunied Crescent or Sims Drive area of Singapore and had no record of traveling to Zika-affected regions recently, according to a release by the Ministry of Health. Of the 41 people with Zika, 34 have already fully recovered. "We expect to identify more positive cases," the official statement said. "Given that the majority of Zika cases are asymptomatic or mildly symptomatic, and mosquitoes in the affected areas may already have been infected, isolation of positive cases may have limited effect to managing the spread." The first case was a 47-year-old Malaysian woman who developed symptoms last Thursday and tested positive for Zika on Saturday. Foreign workers at a construction site on Sims Drive comprised 36 of the cases. "Whenever you have one local case that is not imported, you are very likely to see more cases already hiding in the community," Jasper Chan, clinical assistant professor at the University of Hong Kong's Department of Microbiology, told CNBC's "Squawk Box." Chan noted a couple of factors that would likely have contributed to the spread of the virus in Singapore, pointing out that the 41 infected people had worked in the contaminated area, but also traveled home to other areas of the city-state. Moreover, he emphasized that the Zika virus, unlike Dengue fever which is also an Aedes mosquito-borne disease, can also be transmitted sexually. Singapore's National Environment Agency has deployed more than 200 officers to inspect the affected area and conduct mosquito-eradication and mosquito-breeding prevention operations, such as thermal fogging, drain flushing and oiling. The agency will also run a public education program and distribute insect repellents. The Ministry of Health said it would continue to screen potentially infected people at Tan Tock Seng Hospital's Communicable Disease Centre, and had alerted all medical facilities to be more vigilant in monitoring for cases of Zika. The Zika virus is transmitted mainly by Aedes mosquitoes, and has been linked to a rare birth effect, known as microcephaly, in babies whose mothers suffered from the virus while pregnant. Symptoms include fever, skin rash, red eyes, muscle and joint pain, malaise or headaches. There is currently no cure or vaccine to prevent Zika infection, and treatments are focused on relieving symptoms. Singapore had reported a case of Zika in May, in a man who had been to Brazil, the country at the center of the global Zika outbreak. Last week Hong Kong reported what was thought to be its first locally transmitted Zika case but that person has since tested negative for the virus. More»
Amwal Al Ghad English - 2016-08-29 08:56:53
China is hoping to cement its standing as a global power when it hosts leaders from the world's biggest economies this weekend, but suspects the West and its allies will try to deny Beijing what it sees as its rightful place on the international stage. Ensuring that this does not happen will be one of President Xi Jinping's priorities, and a key mark of how successful China will judge the G20 summit to be. Beijing wants to use the Sept 4-5 meeting in the tourist hub of Hangzhou to lay out a broad strategy for global growth, but talks are likely to be overshadowed by arguments over everything from territorial disputes to protectionism, diplomats said. "From where China sits, it looks like the Americans are trying to encircle them," said a senior Western envoy, describing conversations with Chinese officials ahead of G20 as being dominated by the South China Sea row and an advanced U.S. anti-missile system to be deployed in South Korea. More»
Amwal Al Ghad English - 2016-08-27 08:44:07
Hopes of finding more survivors from Italy's powerful earthquake faded on Friday, with the death toll rising to 281 and the rescue operation in some of the stricken areas called off. Three days after the quake struck the mountainous heart of the country, sniffer dogs and emergency crews continued to scour the town of Amatrice, which was leveled in the disaster, but there was no sign of life beneath the debris. "Only a miracle can bring our friends back alive from the rubble, but we are still digging because many are missing," town mayor Sergio Pirozzi told reporters. In nearby villages, such as Pescara del Tronto, rescuers pulled out after all the inhabitants had been accounted for. Italy plans to hold a state funeral for around 40 of the victims on Saturday, which will be held in the nearby city of Ascoli Piceno. A day of national mourning was announced, with flags due to fly at half mast around the country for the dead, who include a number of foreigners. The civil protection department in Rome said 388 people were being treated for injuries in hospitals, and 40 of them were in critical condition. An estimated 2,500 people were left homeless by the most deadly quake in Italy since 2009. Survivors with nowhere else to go are sleeping in neat rows of blue tents set up close to their flattened communities. The government has promised to rebuild the region, but some local people feared that would never happen. More»
Amwal Al Ghad English - 2016-08-27 08:37:32
Bangladeshi police say they have stormed a hideout near Dhaka and killed the suspected planner of a cafe attack last month that left 22 people dead. "Tamim Chowdhury is dead," said senior police officer Sanwar Hossain, referring to the Bangladeshi-Canadian suspected mastermind. Three other suspected militants were killed by police during the raid. The cafe attack began on 1 July when the militants entered the Holey Artisan Bakery in Dhaka. They held hostages for 12 hours before police stormed the cafe, rescuing 13, killing six gunmen and arresting another. More»
Amwal Al Ghad English - 2016-08-27 08:34:46
Zimbabwe’s President Robert Mugabe warned protesters Friday there would be no "Arab Spring" in the country after anti-government demonstrations descended to some of the worst violence seen in the southern African nation for two decades. Zimbabwean police fired tear gas and water cannon at opposition leaders and hundreds of demonstrators at a protest against Mugabe and the ruling ZANU-PF, before unrest swept across large parts of the capital Harare. "They are thinking that what happened in the Arab Spring is going to happen in this country but we tell them that it is not going to happen here," Mugabe told state television, referring to a series of uprisings that toppled leaders across the Arab world. Mugabe accused Western countries, including the United States, of sponsoring the protests. "They are fighting because of Americans," said Mugabe. Earlier, opposition head Morgan Tsvangirai and former vice president Joice Mujuru fled a rally in their cars while protesters ran for cover as police broke up the core of the demonstration. However, anti-Mugabe leaders warned that this would be the first of a series of protests. Mugabe's opponents have become emboldened by rising public anger and protests over an economic meltdown, cash shortages and high unemployment. Mugabe, 92, has led Zimbabwe since independence from Britain in 1980. Clashes spread through the streets of the capital Harare as riot police fought running battles with protesters who hurled rocks at officers, set tyres ablaze and burned a popular market to the ground, in some of the worst unrest since food riots in 1998. Didymus Mutasa, a senior official from Mujuru's party and convener of Friday's protest, vowed to repeat the demonstration a week from now and blamed police for the violence and disobeying a court order allowing the march to proceed. "If that was intended to cow us from demonstrating, I want to say the opposite has been the case. We are going next Friday to do exactly the same as we have done today," Mutasa told reporters. Most businesses shut down early on Friday fearing looting by protesters. Mujuru said 50 people were injured and hospitalized. "Mugabe's rule must end now, that old man has failed us," said one protester before throwing a rock at a taxi. More than a hundred police officers in riot gear, backed up by water cannons and armored trucks, occupied the venue that opposition parties planned to use for their demonstration. As opposition supporters arrived for the march, they were told by the police to leave. The officers then fired tear gas and water cannon when parts of the crowd refused to comply. Police spokeswoman Charity Charamba said the force was still assessing the day's events. "We will let you know once we are done," she said. "Demonstrating is the only solution left to force the dictator out of office," said Tapfuma Make, an unemployed 24-year-old from Chitungwiza town, south of Harare. Zimbabwe's High Court earlier ruled that police should allow the protest to proceed between 12 p.m. and 4 p.m. local time (6.00 a.m.-10.00 a.m. ET) in what Tsvangirai's Movement for Democratic Change (MDC) called a "victory for democracy". "Today has been for me the worst day that I have lived in this country, where I have observed with my own eyes, the state breaking its own laws and the state starting violence by attacking people who were just gathered together," Mutasa said. Opposition parties leading the protests say the electoral agency is biased in favor of the ruling ZANU-PF and is run by security agents loyal to Mugabe, charges the commission denies. The protesters want the next vote in 2018 to be supervised by international observers, including the United Nations. They are also calling for Mugabe to fire corrupt ministers, scrap plans to introduce local bank notes and end cash shortages. The latest demonstrations come nearly two months after the biggest large scale 'stay at home' strike in Zimbabwe since 2007, inspired by social media movements such as #ThisFlag led by pastor Evan Mawarire. Home Affairs Minister Ignatius Chombo on Thursday called opposition leaders "foreign agents" using protests to cause chaos in order to justify international intervention. More»