amwalalghad :: MENA News

Your English Portal To Arab Economy

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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Canal Shipping Agencies   7.39        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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 - 2014-01-30 08:31:11
Syria has given up less than 5 percent of its chemical weapons arsenal and will miss next week's deadline to send all toxic agents abroad for destruction, sources familiar with the matter said on Wednesday. The deliveries, in two shipments this month to the northern Syrian port of Latakia, totalled 4.1 percent of the roughly 1,300 tonnes of toxic agents reported by Damascus to the Organisation for the Prohibition of Chemical Weapons (OPCW), said the sources, who spoke on condition of anonymity. "It's not enough and there is no sign of more," one source briefed on the situation said. The internationally backed operation, overseen by a joint OPCW-United Nations mission, is now 6-8 weeks behind schedule. Damascus needs to show it is still serious about relinquishing its chemical weapons, the sources told Reuters. The issue is to be discussed at a meeting of the OPCW's executive council on Thursday in The Hague, a senior U.S. State Department official told Reuters. The meeting will focus on the lack of progress and confirm that no more than 5 percent of the chemical weapons material has been removed from Syria, the official said, speaking on condition of anonymity. More»
Amwal Al Ghad English - 2014-01-28 07:47:37
Israel's separation barrier could soon destroy the livelihoods and redraw the demographics of two Palestinian villages south of Jerusalem, locals say, should an imminent court ruling approve its planned route. The barrier -- in parts an eight-metre-high (25-foot) concrete wall -- would cut through ancient irrigation systems relied upon by the West Bank village of Battir, separate residents of nearby Beit Jala from their olive groves and divide a local Christian community. The Supreme Court rules on Wednesday whether to approve the defence ministry's planned route, after a flurry of petitions by locals and activists pleading to redirect it. The ministry insists the barrier, whose construction began in 2002 during the bloody second Palestinian intifada (uprising) and which now snakes some 440 kilometres through the West Bank, is essential for Israeli security. But in Battir, which straddles the 1949 armistice line south of Jerusalem, the barrier threatens the livelihoods of a 5,000-strong Palestinian community that depends on a Roman-era irrigation system, residents say. The ancient system channels water from natural springs down stone terraces and through sluice gates to water villagers' orchards and gardens. "The building of the wall will destroy parts of the water system that has been here for 2,500 years, including the stone channels that lead to the village," said Akram Badr, head of Battir village council. More»
Amwal Al Ghad English - 2014-01-26 08:23:38
South Sudan’s government and rebel forces accused each other of violating a cease-fire that was supposed to suspend a five-week conflict that has killed thousands of people and driven half a million from their homes. Rebels attacked South Sudan’s army near Bor, the capital of Jonglei, and south of Malakal in Upper Nile state, military spokesman Philip Aguer said yesterday. Armed groups have “not respected the cease-fire,” continuing to attack government positions, Aguer said in a phone interview from Juba. “We are puzzled whether these groups are under the same body that signed for peace in Addis or they’re operating under different orders.” Rebel army spokesman Lul Ruai Koang, in turn, blamed the military and Ugandan troops for attacking insurgents near Bor yesterday. “The government violated the cessation of hostilities agreement for the second consecutive day,” he said in a text message. The warring parties agreed to halt the fighting within 24 hours of a cease-fire accord mediated by East African nations, which they signed the evening of Jan. 23 in the Ethiopian capital, Addis Ababa. Both sides were responsible for “mass atrocities,” United Nations Assistant Secretary-General for Human Rights Ivan Simonovic said on Jan. 17 after a four-day visit to the country. The UN in South Sudan is ready to “provide critical support” to the cease-fire monitoring process that is “essential for the implementation’ of the truce, Farhan Haq, a spokesman for the United Nations Secretary-General, said in an e-mailed statement Jan 24. More»
Amwal Al Ghad English - 2014-01-26 08:20:39
Representatives of Syria’s government and opposition forces sat at the same table yesterday for the first time since the start of peace talks hosted by the United Nations, speaking to each other through a mediator. The focus of the talks was the humanitarian situation in the central city of Homs, Lakhdar Brahimi, the Algerian official leading the UN mediation effort, said at a news conference in Geneva. The opposition said earlier it will offer the regime of President Bashar al-Assad a cease-fire in the city, which is under government siege. About 4,000 people remain trapped there, according to the UN. Brahimi said the ultimate goal is for a convoy of aid, including food, non-food and medical items, to be allowed into the city by Jan. 27. Discussions tomorrow will center on the release of prisoners, he said. Starting with humanitarian issues is a prelude to “the people getting accustomed to talking to each other,” Brahimi said. “We hope that will be easier.” “If we achieve success on Homs, we hope that this would be the beginning to discuss other issues,” he said. The UN is leading international efforts to bring an end to Syria’s three-year civil war, which has killed at least 130,000 people and caused 2.4 million to flee their homeland. More»
Amwal Al Ghad English - 2014-01-26 08:17:28
Israeli Prime Minister Benjamin Netanyahu says the benefits of opening the country’s cyber industry to foreign partnerships can balance out security risks. “There is tension” between security and business, he said in a Bloomberg Television interview in Davos, Switzerland, on Jan. 24. “I made a decision to take a gamble on expanding our cyber cooperation with companies and countries.” Netanyahu’s comments suggest he may seek to loosen export licensing restrictions on cyber-related technologies after a stronger shekel and a faltering global economy led to a decline in the country’s sales abroad last year. Israel’s chief scientist, who runs a government project that invests in startups, last year urged an export policy reform that would balance national security needs with that of the industry. “If you really want to extend the benefits of cyber security, then you need partners,” said Netanyahu, without directly commenting on the export policy. He met with heads of state and the chief executive of Yahoo! Inc. during his three days at the World Economic Forum in Davos last week. Israel already has companies like Check Point Software Technologies Ltd. (CHKP), that trades in New York with a market value of $13 billion, and software security company Trusteer Inc. that International Business Machines Corp. bought for about $800 million last year. More»
Amwal Al Ghad English - 2014-01-26 07:43:56
A suicide bomber attacked an Afghan army bus in Kabul on Sunday, killing four people and wounding up to 22, police said, the latest incident in a worrying surge of violence in the Afghan capital over the past 10 days. The Taliban quickly claimed responsibility for the attack, the worst since a devastating assault on a popular restaurant on January 17 killed 21 foreigners and Afghans. Hashmat Stanikzai, the chief spokesman for police in Kabul, said an investigation into the latest attack was under way. "The number (of victims) might change," he said. Stanikzai said the wounded included children who were nearby when the blast occurred. The Afghan capital was hit by at least two other attacks in the previous 24 hours, according to security officials. More»
Amwal Al Ghad English - 2014-01-25 07:58:42
At least six people were killed on Saturday when three mortar bombs hit a Shi'ite Muslim village near the Iraqi city of Baquba, 65 km (40 miles) northeast of Baghdad, police said. A woman and a child were among the victims, five of whom belonged to the same family, the police said, adding that the assailants might have been aiming at a nearby police station. Sunni Muslim insurgents often target the security forces, as well as Shi'ite civilians and Sunni tribal militiamen paid by the Shi'ite-led government to combat al Qaeda-linked groups. Violence in Iraq climbed back to its highest level in five years in 2013, when nearly 9,000 people were killed, most of them civilians, according to the United Nations. More»
Amwal Al Ghad English - 2014-01-20 09:17:45
Syria's political opposition said on Monday it will withdraw from international peace talks scheduled this week unless United Nations Secretary-General Ban Ki-moon retracts an invitation to Iran, President Bashar al-Assad's main backer. Washington, however, suggested it could support Iran's participation if it explicitly declares its support for a June 2012 plan for a political transition that the United States says means Assad would have to step down. "This is something Iran has never done publicly and something we have long made clear is required," State Department spokeswoman Jen Psaki said in a statement. ""If Iran does not fully and publicly accept the Geneva communique, the invitation must be rescinded. Ban said earlier that he had invited Iran to attend the first day of talks on January 22 in Montreux, Switzerland and that Tehran had pledged to play a "positive and constructive role" if it was asked to participate. Less than 48 hours since Syria's main political opposition group in exile, the National Coalition, agreed to attend the talks, dubbed "Geneva 2," it threatened to withdraw. "The Syrian Coalition announces that they will withdraw their attendance in Geneva 2 unless Ban Ki-moon retracts Iran's invitation," it said in a Twitter post, quoting National Coalition spokesman Louay Safi. Another senior Coalition member, Anas al-Abdah, told Al-Jazeera TV by phone that the body was "surprised" by the invitation to Iran. "It is illogical and we cannot in any way accept it." Some 130,000 people have been killed and a quarter of Syrians driven from their homes in the civil war, which began with peaceful protests against 40 years of Assad family rule and has descended into a sectarian conflict, with the opposing sides armed and funded by Sunni Arab states and Shi'ite Iran. Western and Gulf Arab nations say they have been reluctant to support the idea of Iran participating at all because it is supporting Assad militarily and has never backed a plan for a political transition in Syria agreed at an international conference in Geneva in June 2012. BAN EXPECTS IRAN REPLY SOON Ban said he had spoken at length with Iran's Foreign Minister Mohammad Javad Zarif in recent days and that he believed Tehran supported for the Geneva 2012 plan. "He has assured me that like all the other countries invited to the opening day discussions in Montreux, Iran understands that the basis of the talks is the full implementation of the 30 June, 2012, Geneva communique," he said. "Foreign Minister Zarif and I agreed that the goal of the negotiations is to establish by mutual consent a transitional governing body with a full executive powers," Ban said. "It was on that basis that Foreign Minister Zarif pledged that Iran would play a positive and constructive role in Montreux." "Therefore as convener and host of the conference I have decided to issue an invitation to Iran to participate," Ban said. "Iran needs to participate as one of the important neighboring countries." Ban said he expected Iran would issue a statement soon in response to his invitation. Earlier this year the United States said that Iran might play a role on the sidelines of the Syria peace conference in Montreux. Tehran dismissed the idea of being relegated to the sidelines, saying it was beneath Iran's dignity. The key players in the talks are Assad's government and opposition rebels. The Islamic Front, an alliance of several Islamist fighting forces that represents a large portion of the rebels on the ground, said on Sunday it rejected the talks, further dampening hopes of success. Ban said he had invited on Sunday a total of 10 additional countries to attend on January 22 - the Vatican, Australia, Bahrain, Belgium, Greece, Luxembourg, Mexico, the Netherlands, South Korea and Iran. Speaking to reporters at U.N. headquarters, Ban made clear that the full negotiations between the government and opposition would begin in earnest on January 24 in Geneva. Syrian opposition groups and Washington, which accuse Tehran of supporting Assad with manpower and arms during the uprising against him, have long had reservations about the participation of Iran, although Ban and the United Nations' special envoy on Syria, Lakhdar Brahimi, have long backed Tehran's involvement. While there has been a warming in U.S.-Iranian ties this year including a November 24 deal to curb the Iranian nuclear program, there are no visible signs that this has led to greater improvement in other areas such as Syria, where they are on opposite sides of the civil war. More»
Amwal Al Ghad English - 2014-01-18 15:56:54
Ennahda party spokesman Ziad Laadhari said Saturday that the issue of granting Egypt's Muslim Brotherhood political asylum is "not on the table." The remarks came in light of Islamist party leader Rashid Ghannoushi's comments on Friday, in which he hinted that Tunisia would welcome Egypt's Brotherhood figures. In a statement to Alarabiya.net, Laadhari stated that the issue had not been discussed within the party. Laadhari also stated that granting political asylum is not the job of political parties, but the Tunisian government's. Ghannoushi, in an interview with radio channel Shams FM, had previously said that "Tunisia is a democratic country, committed to the United Nations' system," and as such, has "the right to grant political asylum to oppressed politicians" via the UN's Refugee Agency. The leader of Tunisia's ruling party, an ideological offshoot of the Muslim Brotherhood, also criticised the results of the latest Egyptian referendum on the amended 2012 draft constitution. "This referendum is a joke and a tragedy. What is happening in Egypt does not portray the will of the people, since there is no constitution that can have 90 percent approval of those who voted," Ghannoushi stated. The results of the Egyptian constitution referendum are due to be announced late on Saturday. Preliminary results, however, show an approval vote of more than 97 percent. Tunisia and Egypt suffered a recent fallout in September when Tunisian President Moncef Marzouki called on Egyptian authorities to release deposed president Mohamed Morsi, who at the time was still being held incommunicado at the undisclosed location where he had been brought following his July ouster. In his address to the UN General Assembly, Marzouki argued that Morsi's release would help resolve the severe political tensions between the interim government, Morsi's Islamist supporters and the former president's opponents. Egypt's presidency afterwards expressed its "regret" that President Marzouki was "unaware" of the reality of the Egyptian situation. "We hope that Tunisia, which had the honour of inaugurating the Arab Spring, benefits from the Egyptian experience, proving that the people refuse to have a system imposed upon them," the statement read. The presidency added that the 30 June protests, which resulted in the 3 July ouster of Morsi, were meant to "reclaim the January 25 2011 Revolution" and fulfill its goals. The Egyptian presidency went one step further by briefly recalling its ambassador to Tunisia. Ayman Musharafa was recalled "because of Tunisian officials' unacceptable interference in the internal affairs of Egypt," Egyptian foreign ministry spokesman Badr Abdelatty explained in a statement. However, Musharafa quickly reassumed his post in November as Egyptian ambassador to Tunisia. More»
Amwal Al Ghad English - 2014-01-16 10:08:10
When Saudi Arabia’s King Abdullah held talks with Secretary of State John Kerry on Nov. 4, his main concern wasn’t U.S. policy toward Iran’s nuclear program or Syria’s war as the visitors had expected: it was Egypt. The king, 89, insisted that Egypt was too important to be allowed to fail, according to two people familiar with the talks, who requested anonymity because they weren’t authorized to speak to the media. Abdullah is already acting to make sure it doesn’t, joining other Gulf monarchs to pledge $15 billion in aid since Egypt’s army under Abdelfatah al-Seesi ousted Islamist President Mohamed Mursi in July. The Gulf allies are betting that their money can help build a stable Egypt run by sympathetic generals, after three years of chaos. Saudi rulers deplored the fall of Hosni Mubarak in 2011, and worse still was the rise of Mursi’s Muslim Brotherhood, viewed by the Gulf’s absolute monarchies as a threat because it seeks to bring political Islam to power via the ballot box. Now the Brotherhood is in retreat, labeled a terrorist group, its leaders on trial, and thousands of its supporters killed or jailed. Al-Seesi, who led the crackdown, hasn’t ruled out a run for president this year. Gulf money is likely to keep flowing, analysts say, in an effort to ensure that Egypt’s latest rulers aren’t dragged down by the economic failure that undermined Mursi’s one-year rule. More»