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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 - MENA News

Amwal Al Ghad English - 2016-09-28 09:10:36
Longstanding tensions between Middle Eastern rivals Saudi Arabia and Iran will hold OPEC back from an oil production freeze as the oil group meets in Algeria Wednesday, analysts said, underscoring geopolitical complexities within the group. The meeting comes at a crucial juncture for oil prices that have witnessed a pronounced downturn amid an economic slowdown, excess supply from traditional producers as well as competition from shale producers in the U.S. A section of the market has hoped for a compromise between Saudi Arabia and Iran although conflicting objectives will likely ensure barriers to any agreement are high. "The relations between Saudi Arabia and Iran are just so, so poor I can't see any scenario under which Saudi Arabia would cut without Iran freezing and Iran has said so consistently that they just will not freeze until they reach pre-sanctions levels," BMI Research 's oil and gas analyst, Emma Richards, told CNBC recently. More»
Amwal Al Ghad English - 2016-09-28 08:27:53
The US has pledged to provide $364m (£276m) more in humanitarian aid to people affected by the war in Syria. The funds, officials say, will help the UN and other charities provide food, safe water and medical care to those in the country and refugees in the region. Meanwhile, Syrian forces have made advances in the centre of Aleppo after days of heavy air strikes, reports say. And the World Health Organization has called for safe evacuation routes out of the city for the injured and sick. A spokeswoman said there were only 35 doctors left to care for hundreds of trapped patients, and the number of casualties was rising. More»
Amwal Al Ghad English - 2016-09-28 07:51:19
Shimon Peres, who served twice as Israel's prime minister and once as president, has died at the age of 93. Mr Peres suffered a stroke two weeks ago. His condition had improved before a sudden deterioration on Tuesday. His son Chemi led tributes to "one of the founding fathers of the state of Israel" who "worked tirelessly" for it. Mr Peres was one of the last of a generation of Israeli politicians present at the new nation's birth in 1948. He won the Nobel Peace prize in 1994 for his role negotiating peace accords with the Palestinians a year earlier. More»
Amwal Al Ghad English - 2016-09-27 08:41:42
Protesters in Jordan demanded Monday that the government resign for its failure to protect a Christian writer shot dead outside a court where he was to stand trial after sharing on social media a cartoon image seen as insulting Islam. Hundreds of demonstrators gathered near the Prime Minister's office after writer Nahed Hattar was shot by a former Muslim preacher on the steps of the palace of justice on Sunday. The assailant gave himself up to the police near the scene. "No to extremism, no to violence," and "Down with the government," shouted protesters carrying pictures of the slain writer, known for his support for Syrian President Bashar al-Assad and extremist nationalist views. His death has shaken a country unaccustomed to such killings and raised fears of tensions between Muslims and the minority Christians who wield political and economic influence. Hattar was arrested last month after sharing on social media a cartoon image of a bearded man in heaven smoking in bed with women and asking God to bring him wine and clear away his dishes. The writer was released on bail but charged with contempt of religion and inflaming religious tension under the country's strict blasphemy laws. Family members said the government failed to provide Hattar him with protection after he was released on bail, even after he had received death threats. They have so far refused to collect his body for burial. "We demand at the very least the dismissal of the prime minister," Khaled Hattar, the writer's brother, told Reuters at the protest. A source familiar with the case said the gunman had told interrogators that he acted on his own. Jordanians have condemned the killing, although the cartoon had angered many people in a majority Muslim country where Hattar was accused of disseminating hatred and mocking Islam. Hattar was a controversial figure whose calls for depriving Jordanians of Palestinian descent their political rights had won him many enemies in a country with a large Palestinian population. His killing, however, has worried many liberal Muslims and Christians who now fear radical Islamists may feel emboldened to take violent action against their opponents. UK-based rights group Amnesty International on Monday said the killing "was a deplorable attack on freedom of expression", saying strict blasphemy laws should be revoked. It called on the authorities to investigate the murder. "Jordanian authorities must make it clear that attacks against people who peacefully express their views, however unpopular, will not be tolerated," said Philip Luther, Research and Advocacy Director for the Middle East and North Africa at Amnesty International in a release on Monday. More»
Amwal Al Ghad English - 2016-09-27 08:33:01
The collapse of the latest Syria ceasefire has increased the possibility that Gulf states might arm Syrian rebels with shoulder-fired missiles to defend themselves against Syrian and Russian warplanes, U.S. officials said Monday. Still, the U.S. administration continues to maintain that negotiations are the only way to end the carnage after Russian-backed Syrian forces intensified their bombing of Aleppo, the last major urban area in rebel hands. The latest U.S. attempt to end Syria's 5-1/2 year civil war was shattered on Sept. 19 when a humanitarian aid convoy was bombed in an attack Washington blamed on Russian aircraft. Moscow denied involvement. On Monday, medical supplies were running out in rebel-held eastern Aleppo, with victims pouring into barely functioning hospitals as Russia and its Syrian ally President Bashar al-Assad ignored Western pleas to stop the bombing. One consequence of the latest diplomatic failure may be that Gulf Arab states or Turkey could step up arms supplies to rebel factions, including shoulder-fired anti-aircraft missiles, something the United States has largely prevented until now. One U.S. official, speaking on the condition of anonymity to discuss American policy, said Washington has kept large numbers of such man-portable air defense systems, or MANPADS, out of Syria by uniting Western and Arab allies behind channeling training and infantry weapons to moderate opposition groups while it pursued talks with Moscow. But frustration with Washington has intensified, raising the possibility that Gulf allies or Turkey will no longer continue to follow the U.S. lead or will turn a blind eye to wealthy individuals looking to supply MANPADS to opposition groups. "The Saudis have always thought that the way to get the Russians to back off is what worked in Afghanistan 30 years ago – negating their air power by giving MANPADS to the mujahideen," said a second U.S. official. "So far, we’ve been able to convince them that the risks of that are much higher today because we’re not dealing with a Soviet Union in retreat, but a Russian leader who’s bent on rebuilding Russian power and less likely to flinch," this official said, referring to Russian President Vladimir Putin. Asked if the United States was willing to do anything beyond negotiations to try to stop the violence, State Department spokesman Mark Toner did not outline other steps, but stressed that Washington does not want to see anyone pouring more weapons into the conflict. "What you would have as a result is just an escalation in what is already horrific fighting," Toner said. "Things could go from bad to much worse." More»
Amwal Al Ghad English - 2016-09-27 08:07:11
Saudi Arabia will slash ministers' salaries by 20 percent and scale back financial perks for public sector employees in one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices. The measures, disclosed in a cabinet statement and royal decree broadcast on state-run Ekhbariya TV on Monday, constitute the first pay cuts for government employees, who make up about two-thirds of working Saudis. "The cabinet has decided to stop and cancel some bonuses and financial benefits," read a line of text on Ekhbariya, as a minister read to assembled ministers and royals, including King Salman, a list of cuts in various grades in the civil service. The plunge in oil prices since mid-2014 has pushed energy-rich Gulf Arab states to rein in lavish public spending. Saudi Arabia racked up a record budget deficit of nearly $100 billion last year, forcing it to find new savings and ways to raise money. A royal decree read directly after the broadcast on the TV channel announced the cut in ministers' pay. Housing and car allowances for members of the appointed Shoura Council will be cut by 15 percent. Overtime bonuses were curbed at between 25 and 50 percent of basic salaries, while annual leave may no longer exceed 30 days. An exception will be made for troops involved in combat along the southern border and abroad as part of an 18-month military intervention led by Saudi Arabia in neighbouring Yemen. Sign of the times "It's one more economic measure to balance spending. Of course people don't like it, but it's a sign of the times," Saudi analyst and editor of Al Arab News Jamal Khashoggi said. "Probably the teachers and many others will be affected by it. It shows why it's important for the private sector and Saudi GDP to diversify," he told Reuters. Saudi Arabia unveiled a reform plan this year to wean the economy off its addiction to oil, on which the government depends for the overwhelming share of its revenues. The so-called "Vision 2030" initiative aims to jumpstart the private sector, provide jobs for a growing population and collect more non-oil revenue. The cuts to public sector perks, effective Oct 1, are the stiffest in a series of recent measures to boost revenue. Last month the cabinet approved proposals to raise a range of government fees including visa charges and fines for some traffic violations such as "drifting," or the reckless skidding of cars at high speed -- a pastime for some Saudi youth. It cut subsidies for power and water last December, then sacked the minister responsible following a public outcry over how the new water tariffs were applied. Deputy Crown Prince Mohammed bin Salman, who is responsible for the sweeping economic reforms, was quoted as saying the water price increases had not been implemented as planned. Saudi Twitters users responded to the announcement with dismay, many sharing photos of former King Abdullah and recalling past prosperity. One Twitter user, Rayan al-Shamri, said the move boded ill for the future: "God be with the citizens, we are back to the time of poverty." More»
Amwal Al Ghad English - 2016-09-26 08:21:31
OPEC members and Russia have substantial issues to work out before reaching a deal to limit oil production, but still expect to make progress toward a comprehensive deal, energy ministers said. Algeria’s oil minister, Nourredine Bouterfa, said there was still a chance a deal could be sealed this week when the Organization of the Petroleum Exporting Countries meets on the sidelines of a conference here. But Bouterfa, one of the biggest advocates of new limits on OPEC production, acknowledged that the meeting may produce only “the elements of an agreement.” “We can’t come out empty-handed,” Bouterfa said, warning that oil prices could drop from $45 a barrel today back into the $30s if OPEC fails to come to terms this week. Bouterfa’s comments Sunday signaled that even if OPEC fails to reach a deal this week, the 14-nation cartel will continue talking about curbing production this fall as it heads into its next official meeting in Vienna on Nov. 30. OPEC Secretary General Mohammad Barkindo said a week ago that the meeting was for consultations only, not for a decision. He later clarified that the cartel could reach a deal later if a consensus emerged. Delegates in the cartel have said the Algiers meeting is aimed at starting discussions they hope will lead to an agreement at the formal OPEC meeting in Vienna. More»
Amwal Al Ghad English - 2016-09-25 14:50:46
Warplanes bombed a strategic camp on the northern edge of Aleppo on Sunday as Syrian government and rebel forces battled for control of the high ground in a Russian-backed offensive that has left Washington's Syria policy in tatters. Planes also continued to pound residential parts of the town, flattening buildings, rebels and residents said. More than 250,000 civilians are trapped in the besieged opposition sector and there is growing concern about the escalation in violence since a ceasefire, announced just two weeks ago, unraveled. The United Nations Security Council is due to meet at 11 a.m. (1500 GMT) to discuss the fighting but the latest campaign for a decisive battlefield victory by President Bashar al-Assad and his Russian and Iranian allies appears to have buried any hope for diplomacy. More»
Amwal al Ghad English - 2016-09-25 09:09:24
A gunman shot dead Jordanian writer Nahed Hattar on Sunday outside the court where he was to stand trial on charges of contempt of religion after sharing on social media a caricature seen as insulting Islam, state news agency Petra said. It said the gunman was arrested at the scene. Hattar, a Christian and an anti-Islamist activist who was a supporter of Syrian President Bashar al-Assad, was arrested last month after he shared a caricature that depicted a bearded man in heaven smoking in bed with women and asking God to bring him wine and cashews. Many conservative Muslim Jordanians considered Hattar's move offensive and against their religion. The authorities said he violated the law by sharing the caricature. More»
Amwal Al Ghad English - 2016-09-25 09:01:12
Four members of al Qaeda's Yemen branch, including a local commander, were killed in a suspected U.S. drone strike on a vehicle traveling east of the capital Sanaa, two local officials said on Saturday. They said the attack in Marib province, controlled by forces loyal to exiled President Abd-Rabbu Mansour Hadi, occurred late on Friday. A local commander of the militant Al Qaeda in the Arabian Peninsula (AQAP), known as Abu Khaled al-Sanaani, was killed along with three associates, they said. It was the second drone strike in two days to target a local commander of the Islamist militant group regarded by U.S. officials as one of the most dangerous branches of al Qaeda. More»