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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        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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 - MENA News

Amwal Al Ghad English - 2016-04-28 09:02:59
Lebanese forces killed an Islamic State leader on Thursday in an army operation in the mountainous border region with Syria, Lebanon's National News Agency and a security source said. The man was named as Nayif al-Shaalaan, and identified as Islamic State's leader in the area by the security source. State media said he also went by the name Abu Fawz. The operation took place in the area of Arsal in north Lebanon. Fighting between Islamic State and al Qaeda-linked Nusra Front militants often spills over Lebanon's mountainous northern border with Syria, where conflict has been raging for five years. Fighters briefly overran Arsal in 2014 before withdrawing to the hills after clashes with the army, which stages regular operations against Islamic State and Nusra Front in north Lebanon and along the border. More»
Amwal Al Ghad English - 2016-04-28 08:34:56
Air strikes overnight on the al-Quds hospital in a rebel-held area of the Syrian city of Aleppo killed 20, including three children and the last pediatrician in the city, the Syrian Observatory for Human Rights said on Thursday. The British-based organization said in the past six days in Aleppo 84 civilians had been killed in government air strikes and 49 civilians were killed in rebel shelling of government-held areas. More»
Amwal Al Ghad English - 2016-04-26 10:00:24
Syria's war has destroyed agricultural infrastructure and fractured the state system that provides farmers with seeds and buys their crops, deepening a humanitarian crisis in a country struggling to produce enough grain to feed its people. The country's shortage of its main staple wheat is worsening. The area of land sown with the cereal - used to make bread - and with barley has fallen again this year, the U.N. Food and Agriculture Organization (FAO) told Reuters. The northeast province of Hasaka, which accounts for almost half the country's wheat production has seen heavy fighting between the Kurdish YPG militia, backed by the U.S.-led air strikes, and Islamic State militants. Farming infrastructure, including irrigation canals and grain depots, has been destroyed, according to the FAO. It said the storage facilities of the state seeds body across the country had also been damaged, so it had distributed just a tenth of the 450,000 tonnes of seeds that farmers needed to cultivate their land this season. Farmers are also struggling to get their produce to market so it can be sold and distributed to the population. The conflict has led to the number of state collection centers falling to 22 in 2015, from 31 the year before and about 140 before civil war broke out between government forces and rebels five years ago, according to the General Organisation for Cereal Processing and Trade (Hoboob), the state agency that runs them. Many of those lost have been damaged or destroyed. The breakdown of the agricultural system means Syria could struggle to feed itself for many years after any end to the fighting, and need a significant level of international aid, the FAO says. More»
Amwal Al Ghad English - 2016-04-26 09:42:31
The powerful young prince overseeing Saudi Arabia's economy unveiled ambitious plans on Monday aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power. Deputy Crown Prince Mohammed bin Salman said the world's top oil exporter expects state oil company Saudi Aramco [SDABO.UL] to be valued at more than $2 trillion ahead of the sale of less than 5 percent of it through an initial public offering (IPO). He added that the kingdom would raise the capital of its public investment fund to 7 trillion riyals ($2 trillion) from 600 billion riyals ($160 billion). The plans also included changes that would alter the social structure of the ultra-conservative Muslim kingdom by pushing for women to have a bigger economic role and by offering improved status to resident expatriates. "We will not allow our country ever to be at the mercy of commodity price volatility or external markets," Prince Mohammed said at his first news conference with international journalists, who were invited to a Riyadh palace for the event. "We have developed a case of oil addiction in Saudi Arabia," he had earlier told al-Arabiya television news channel. His "Vision 2030" envisaged raising non-oil revenue to 600 billion riyals ($160 billion) by 2020 and 1 trillion riyals ($267 billion) by 2030 from 163.5 billion riyals ($43.6 billion) last year. But the plan gave few details on how this would be implemented, something that has bedevilled previous reforms. The 31-year-old prince gave assured answers to questions on the plan, and appeared to pitch his comments to appeal across the Saudi social spectrum, and in particular to young people, who face unemployment and an economic downturn despite their country's oil wealth. More»
Amwal Al Ghad English - 2016-04-25 08:11:55
President Barack Obama will announce on Monday he plans to send as many as 250 additional U.S. troops to Syria, a sharp increase in the American presence working with local Syrian forces fighting Islamic State militants, U.S. officials said. The deployment, which will increase U.S. forces in Syria to about 300, aims to accelerate recent gains against Islamic State and appears to reflect growing confidence in the ability of U.S.-backed forces inside Syria and Iraq to claw back territory from the hardline Sunni Islamist group. Obama will explain his decision in a speech at 11:25 a.m. (0925 GMT) in Hanover, where he discussed the Syria crisis with German Chancellor Angela Merkel on Sunday. They will meet with other major European leaders after his remarks. Islamic State, also known as ISIS or ISIL, controls the cities of Mosul in Iraq and Raqqa in Syria and is proving a potent threat abroad, claiming credit for major attacks in Paris in November and Brussels in March. While Obama has resisted putting U.S. troops into Syria, where a five-year civil war has killed at least 250,000 people, he sent 50 U.S. special operations forces to Syria last year in what U.S. officials described as a "counterterrorism" mission rather than an effort to tip the scales in the war. His decision to boost those numbers was first reported by the Wall Street Journal on Sunday and confirmed an April 1 Reuters report that the Obama administration was considering a significant increase in U.S. forces. "He (Obama) intends to put in more ... forces to the tune of 250 in Syria," one U.S. official said on Sunday, adding he was unable to break down how many of those would be special operations forces and how many might be medical or intelligence support personnel. "The president has authorized a series of steps to increase support for our partners in the region, including Iraqi security forces as well as local Syrian forces who are taking the fight to ISIL," said a second Obama administration official. Obama pledged to wind down wars in the Middle East when he was first elected in 2008. But in the latter part of his presidency, he has found it necessary to keep or add troops to help with conflicts in Iraq, Syria and Afghanistan. The president is ending a six-day international trip that began in Riyadh, where he held talks with Gulf Arab monarchs concerned that Washington's commitment to the Middle East had diminished. After that meeting, Obama sidestepped a question about whether he would add special forces in Syria, saying: "None of the options are good" if political talks fail to end the civil war there. 'WE HAVE MOMENTUM' Obama has said the U.S.-led coalition fighting Islamic State had made key gains in squeeze the group's territory in Iraq and Syria, reducing its numbers and cutting off its finances. "We have momentum, and we intend to keep that momentum," he said earlier this month. In Iraq, the group has been pulling back since December when it lost Ramadi, the capital of the western province of Anbar. In Syria, the jihadist fighters have been pushed from the strategic city of Palmyra by Russian-backed Syrian government forces. The Pentagon also announced last week that about 200 more troops would be deployed to Iraq, mainly to advise Iraqi troops fighting Islamic State. Since U.S.-backed forces recaptured the strategic Syrian town of al-Shadadi in late February, a growing number of Arab fighters in Syria have offered to join the fight against the group, U.S. officials told Reuters in early April. Syria dominated the Sunday talks between Obama and Merkel. The German leader had just returned from a trip to Turkey to see refugee camps along the border. The European Union has grappled with the flood of about a million migrants last year, most fleeing the Syria crisis. Merkel pushed her EU partners to accept refugees, and recently hammered out a deal with Turkey to stop the migrant flow. After meeting with Merkel for about 90 minutes, Obama told reporters he was "deeply concerned" about a surge in violence in Syria, where government forces have stepped up bombing of rebel-held areas around the strategic city of Aleppo. On Monday, the two leaders will be joined by British Prime Minister David Cameron, French President Francois Hollande and Italian Prime Minister Matteo Renzi to discuss Syria and other foreign policy issues. Obama and Merkel made it clear they were not considering safe zones enforced with military support in Syria. "The issue surrounding a safe zone in Syrian territory is not a matter of an ideological objection on my part," he said. "It's not a matter of me not wishing I could help and protect a whole bunch of people. It's a very practical issue about how do you do it?" More»
Amwal Al Ghad English - 2016-04-24 09:20:30
AFP  | Yemen  | conflict  | peace  | Ali Abdullah Saleh  | Abdrabbo Mansour Hadi The sources told AFP the two sides remained far apart, especially on the need to firm up a fragile ceasefire that went into effect on April 11. There was no official comment from UN envoy Ismail Ould Cheikh Ahmed, who told reporters on Friday that the delegations had held "constructive" talks and were committed to strengthening the truce. The truce was still only being 70-80 percent respected, he acknowledged, adding there were violations by both sides. The negotiations in Kuwait opened late Thursday after the delayed arrival of representatives of the Houthi rebels and allied forces loyal to ousted president Ali Abdullah Saleh. The Iran-backed Shia Houthi rebels are insisting on a halt to air strikes by the Saudi-led coalition which is supporting the government, ahead of other issues, the sources said. President Abedrabbo Mansour Hadi's delegation, for its part, is demanding the rebels lift sieges of cities, especially Taez, and release prisoners as part of confidence-building measures. The government delegation has submitted a complaint listing 260 alleged ceasefire violations by the rebels on Friday alone, according to the sources. Rebel delegation spokesman Mohamed Abdulsalam said the priority was to end the fighting that has killed more than 6,800 people and driven 2.8 million from their homes since March last year. "Stopping the war and all forms of military action is the priority," he said on Facebook. More»
Amwal Al Ghad English - 2016-04-23 08:41:09
The Palestinian president and Israel's ambassador to the United Nations traded barbs on Friday during a signing ceremony for the Paris climate accord, in the latest example of continuing Israeli-Palestinian tensions. Palestinian President Mahmoud Abbas, who signed the agreement on behalf of the Palestinians, took advantage of the presence of some 60 world leaders at the U.N. General Assembly to criticize Israel. "The Israeli occupation is destroying the climate in Palestine, and the Israeli settlements are destroying the environment in Palestine," Abbas told the 193-nation assembly. "Please help us in putting an end to the occupation and to settlements." Israeli Ambassador Danny Danon responded sharply when he addressed the ceremony, in which 175 states signed and 15 ratified the Paris accord. "Instead of spreading hatred here at the U.N., President Abbas should act to stop Palestinian terror," he said after signing the treaty. "This climate summit is supposed to be a demonstration of global unity for the sake of the future of our planet," he added. "Unfortunately, President Abbas chose to exploit this international stage to mislead the international community." Earlier this week, Danon and Palestinian envoy Riyad Mansour yelled "shame on you" at each other during a regular U.N. Security Council meeting on the situation in the Middle East. That meeting turned into a rare shouting match. U.S.-brokered Israeli-Palestinian peace talks have been in tatters since 2014. Abbas' presence at the signing ceremony had symbolic importance in the wake of Palestine's de facto recognition of statehood by the United Nations, which since 2012 has considered Palestine a non-member observer state. It was the first time a Palestinian president sat in the General Assembly hall as a state party to a treaty at a signing ceremony. Palestine's accession to the treaty could lead to complications for the United States, which has a law barring U.S. funding for "any organization or group that does not have the internationally recognized attributes of statehood." U.S. senators sent a letter to Secretary of State John Kerry saying that Palestine's participation in the U.N. climate change secretariat and the Paris agreement would prohibit the United States from paying money into a global climate fund. The letter, signed by 21 Republican Senators, was the latest attempt by Congressional Republicans to block U.S. participation in global climate initiatives. The U.S. State Department said it received the letter and was preparing a response. Five years ago the United States stopped funding UNESCO, the U.N. cultural agency, after it granted the Palestinians full membership. More»
Amwal Al Ghad English - 2016-04-20 09:34:54
Syrian peace talks appeared all but doomed on Tuesday after air strikes killed about 40 people in a crowded vegetable market in rebel territory, with the opposition saying a truce was finished and it would keep out of negotiations indefinitely. A monitoring group said it believed the strike on the market in Maarat al-Numan in Idlib province was the deadliest single attack since a partial ceasefire took effect on Feb. 27. The main opposition HNC described the attack as a "dangerous escalation" which reinforced its decision a day earlier to suspend negotiations. France described the bloodshed as "another massacre". A rescue worker said warplanes had simultaneously struck markets in two towns in Idlib killing at least 38 people in Maarat al-Numan and 10 others in nearby Kafr Nubl. "We have more than 20 cars that have been moving dead and injured to hospitals in the area," said Ahmad Sheikho, a member of the civil defense corps, a rescue service operating in opposition-held territory. The air strike, accompanied by intense fighting in other areas, appears to leave the fragile six-week-old ceasefire in tatters. The truce was brokered by the United States and Russia to pave way for the first peace talks attended by the warring factions since fighting began five years ago. Those talks, taking place under U.N. auspices in Geneva, were already close to collapse after the opposition called a pause on Monday. "There cannot be a political process which prolongs the life of this regime. We will not accept this," said Riad Hijab, chief coordinator for the main opposition HNC bloc. "We will fight under all circumstances, even with stones. And never give up." So far, the opposition has been careful to say it is not pulling out of the talks altogether. Some members of its delegation will remain in Geneva for expert-level talks on technical issues like humanitarian aid and swapping prisoners. But Hijab said he himself was leaving Geneva. There was no chance of returning to the main talks while the government broke the truce, blocked humanitarian access and ignored the issue of detainees, he said. More»
Amwal Al Ghad English - 2016-04-20 09:29:13
US President Barack Obama lands in Saudi Arabia on Wednesday to intensify the struggle against militants and efforts to end wars in Syria and Yemen, while trying to ease tensions with Riyadh. After his early-afternoon arrival in the Saudi capital, Obama is to hold talks with King Salman, 80, who has presided over a more assertive foreign policy since acceding to the throne last year. On Thursday, the president will attend a summit with the six Gulf Cooperation Council monarchies, joined by US Defence Secretary Ashton Carter and Secretary of State John Kerry. They will gather in an atmosphere of bitterness with regional leaders offended by Obama's tone and actions, particularly what they see as his reluctance to get involved in Syria and other regional problems, as well as his tilt towards Iran. More»
Amwal Al Ghad English - 2016-04-20 09:04:58
The United States is seeking greater special forces and naval cooperation with the Gulf states to counter Iran's "destabilising activities" in the region, a senior American official said. Defence Secretary Ashton Carter, who arrived in the Saudi capital on Tuesday, will meet his Gulf counterparts on Wednesday. The following day he is expected to join President Barack Obama at a summit with monarchs of the six Gulf Cooperation Council states. They will gather in an atmosphere of tension with regional leaders offended by Obama's perceived reluctance to get involved in the region's problems, and in particular his tilt towards Iran. The Sunni Gulf monarchies are worried after the lifting this year of international sanctions against their regional rival, Shiite Iran, under an international agreement to curb Tehran's nuclear programme. Riyadh and its neighbours fear the US-supported deal will only embolden Iran which they accuse of interference throughout the Middle East. Over the past 15 years the US has sold combat aircraft to Gulf states, but the senior American defence official said Iran's activities "won't be countered" in that way. Rather, "special operations forces and maritime interdiction" are needed, he said. The US is proposing to help train Gulf special forces and to develop their naval capacity to prevent Iran from supplying Shiite groups that it supports in the region, the official said. In "just over a six month period we and our coalition partners were able to interdict four weapon shipments off the coast of Yemen", he said. The United States provides precision-guided weapons and intelligence support to a Saudi-led military coalition that intervened in Yemen 13 months ago to support the government against Iran-backed rebels. Royal Saudi Air Force jets, many of them US-made F-15s, have carried out intensive air strikes against the rebels and their allies. The coalition maintains a naval blockade of Yemen. Carter will also repeat to his GCC counterparts the importance of increased support for Iraq, where the government is trying to reconquer territory seized by the Islamic State group of Sunni extremists. "We are urging them to come in... provide funds and support, both political and economic, to the Iraqi government," the American official said. Saudi Arabia's ambassador to Iraq presented his credentials in January, re-establishing relations a quarter-century after they were cut following ex-president Saddam Hussein's invasion of Kuwait. "In a perfect world, we would see full diplomatic normalisation between all Gulf countries and the Iraqi government," the official said. More»