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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 - MENA News

Amwal Al Ghad English - 2015-03-28 07:50:48
War planes attacked Yemen's capital Sanaa through the night on Friday and stopped around dawn, residents of the city told Reuters on Saturday. "There were planes strikes all through the night and stopped at dawn," said a resident in Sanaa, adding that explosions were heard in an area west of the capital were a government national guard base was located. There was no detail on whether the planes belonged to the Saudi-led coalition which launched attacks against Yemen's Shiite Houthi group on Thursday. More»
Amwal Al Ghad English - 2015-03-28 07:00:15
Saudi warships have evacuated dozens of foreign diplomats from Yemen's main southern city Aden as the kingdom leads an air war against advancing Shiite rebels, state television reported on Saturday. "Saudi naval forces carried out Operation Tornado to evacuate dozens of diplomats, including Saudis, from Aden," the television said. The evacuation followed deadly fighting in Aden between supporters and opponents of President Abedrabbo Mansour Hadi, who took refuge in the port city last month after fleeing the rebel-held capital. More»
Amwal Al Ghad English - 2015-03-26 18:25:05
Tehran and Washington share an interest in re-establishing state authority in Iraq, but in Yemen their agendas diverge Just to set the scene: In Iraq on Wednesday, U.S. warplanes began providing air cover to Iranian-backed militias in Tikrit, in a joint effort against the Islamic State of Iraq and greater Syria (ISIS) coordinated through the Iraqi government. On the same day, 1,200 miles to the south in Yemen, the U.S. was providing guidance to Saudi pilots bombing Shia insurgents who are supported by Iran. So the U.S. was bombing Iran’s enemies in one country, and helping to bomb Iran’s allies in another. Meanwhile, in Switzerland, American and Iranian diplomats were resuming their intense talks about how to contain Tehran’s nuclear program. Both sides insisted the negotiations were confined to matters atomic, nothing else. And that’s a good thing, because the ever-complex Middle East has never looked more so than it does at this moment. And yet, in an important way, Wednesday’s events are wonderfully clarifying. March 26, 2015 may go down in history as the day that Arab states came out into the open to fight, putting their names and ordnance into a conflict that had been carried out by shadowy armed groups the governments quietly equipped, sheltered and cosseted, previously preserving a deniability that only muddied the situation even further. Saudi Arabia declared it sent 100 warplanes to strike targets inside Yemen, and now has 150,000 troops standing by at the border. The intervention was backed by nine other nations, and the announced “logistical and intelligence” support of Washington, where the Saudis chose to convene the news conference revealing the campaign. The governments lined up behind the Saudis were all fellow Sunni governments—Egypt, Jordan, Sudan, Morocco, Pakistan, United Arab Emirates, Qatar, and Kuwait, several providing planes of their own. Egypt, according to a fresh report, is also preparing to send troops. The only holdout from the Gulf was Oman, which prides itself on maintaining the trust of Iran: the sultan of Oman played the role of mediator when U.S. and Iranian diplomats secretly met there to talk about formally launching the nuclear negotiation. So the divide is clearly Sunni v. Shia, the same tension that created ISIS and has torn asunder Iraq and Syria. Iran’s foreign minister kindly pointed this out in an interview with Iran’s state-run satellite channel Al-Alam: “We have always warned countries from the region and the West to be careful and not enter shortsighted games and not go in the same direction as al-Qaeda and Daesh,” said Mohammad Javad Zarif, referring to ISIS by its Arabic initials. The warning was a bit disingenuous, given Iran’s role as overlord of the Shia side of the divide. Tehran has been an essential ally of the Shi’ite-inflected Syrian regime led by President Bashar Assad, and a major player in Iraq, where on Thursday, three of the Shi’ite militias it backs announced they were dropping out of the fight for Tikrit, to protest the new American role in the battle. In Yemen, Tehran is the primary sponsor of the Houthi tribe, providing training, arms and money. The Houthis were once largely confined to the country’s north, seat of its Zaidi brand of Shi’ism, but in September they took over the capital city of Sana. After linking up with Ali Abdullah Saleh, the longtime Yemeni president who was deposed during the Arab Spring, the Houthis marched on the southern port of Aden, where the elected president, Abed Raggo Mansour Hadi had been holed up before fleeing Yemen by boat ahead of Wednesday’s airstrikes. He was later seen meeting with the Saudi defense minister. In peace, Yemen is an amazing country to visit. It doesn’t look like anywhere else on Earth, except maybe the illustrations in a storybook. It’s also an ideal example of what happens when a state collapses—or really, never coalesces in the first place. And that lesson really explains what the United States is doing in both Yemen and Iraq. States were designed to bring coherence to human affairs, first and foremost by monopolizing the use of violence. In Iraq the government of Saddam Hussein used to manage that coherence—albeit brutally. And then the U.S. invasion of 2003 dismantled Iraq’s military, and distributed political power on sectarian lines. Now, in the battle against ISIS, which rushed into the void left by a state that has continued to fail, the U.S. finds itself joining Iran in an effort to re-establish the power of the weak central government in Baghdad. That government is dominated by Iraq’s Shi’ite majority—as well as by Tehran, which does not want chaos on the long border the two countries share. Yemen, on the other hand, has never really managed to function as a state. It was two countries—plain old Yemen in the north, and the People’s Democratic Republic of Yemen in the south—as recently as 1990, when the collapse of the Soviet Union brought the cleavage to an end. Tribal authority has often trumped the state’s. And the country’s long border is with Saudi Arabia, that seat of Sunni power, and great regional rival of Tehran. Yemen, known as Arabia Felix, or “Happy Arabia” was so close to the Saudi kingdom that the border was not even demarcated until June 2000, in an agreement signed by Saleh, who like two-thirds of Yemenis, is Sunni. So the Iranians are not terribly bothered by turmoil in Yemen, especially if the turmoil ends—as it looked like it might—with the Houthis more or less in charge, by dint of their new alliance with Saleh, and the large sections of the Yemeni military that remain loyal to him. But the end is not yet in sight, and in the meantime, al-Qaeda has maintained its most lethal branch in Yemen, and ISIS has been making its mark, claiming responsibility for the March 20 bombings of Shi’ite mosques that killed more than 130 people. The ensuing chaos forced 100 U.S. advisers off the air base from which they operated the drones that searched for al-Qaeda targets. Those U.S. advisers are likely to return in some form behind elements of the 150,000 Saudi troops on the Yemen border awaiting orders from King Salman, photographed in his war room surrounded by generals in chocolate chip desert fatigues. The uniforms, pattrened after American combat fatigues, say a lot: First, about where the U.S. is in this fight. “We are establishing a Joint Planning Cell with Saudi Arabia to coordinate U.S. military and intelligence support,” the White House said in a statement. The other use of uniforms? Making clear, for a change, who’s actually fighting. More»
Amwal Al Ghad English - 2015-03-26 18:17:43
Arab foreign ministers agreed at a meeting in Egypt on Thursday on a draft resolution to form a unified Arab military force, Egyptian state TV said. The agreement came after warplanes from Saudi Arabia and Arab allies struck Shi'ite Muslim rebels fighting to oust Yemen's president on Thursday, in a major gamble by the world's top oil exporter to check Iranian influence in its backyard without direct military backing from Washington. The task of the force will be rapid military intervention to deal with security threats to Arab nations, Egyptian TV added. The ministers asked the secretary of the Arab League to coordinate with Arab armies' chiefs of staff within one month to form the unified force. More»
Amwal Al Ghad English - 2015-03-26 14:48:20
Britain has backed the Saudi Arabia-led campaign in Yemen which has already seen air strikes batter Sana'a and Houthi-held areas of the the country's north. A foreign office spokesman said in a statement that President Abdrabbuh Mansour Hadi was "the legitimate president of Yemen" and it supported military intervention led by Saudi Arabia and its allies, including the UAE, Qatar, Egypt, Sudan, Turkey, Jordan, Pakistan and Morrocco. Egypt and Sudan have both announced that they could contribute ground forces to any further operation in Yemen. Samih Shoukri, Egypt's foreign minister, told an  Arab League conference in Sharm al-Sheikh that Cairo was willing "to send ground forces if necessary". The Sunni grand alliance is being called Operation Decisive Storm and has already seen an attack on Sana'a airport and a military airbase close by, Reuters reported. More»
Amwal Al Ghad English - 2015-03-26 13:59:23
First Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah expressed here Kuwait's support to legitimacy in Yemen represented in President Abd Rabbu Mansour Hadi. Speaking at the Arab Foreign Ministers meeting in the Egyptian Red Sea Resort Sharm El-Sheikh, the Kuwait top diplomat also called for the implementation of the relevant UN and Gulf resolutions. A Saudi-led collation of more than ten countries started military operation to protect Yemeni people and the legitimate government from the Houthis' advance. The operation was carried out on the request of the Yemeni government. More»
Amwal Al Ghad English - 2015-03-26 12:54:28
China's foreign ministry said on Thursday it was deeply concerned about the worsening situation in Yemen, after Saudi Arabia announced it had launched military operations in that country with Gulf region allies. Ministry spokeswoman Hua Chunying said that China urges all parties to act in accordance with United Nations Security Council resolutions on Yemen, and to resolve the dispute through dialogue. Hua told a news conference that China hopes all parties involved will "quickly resolve the dispute through political dialogue, solve the current crisis and restore domestic stability and normality to Yemen at an early date." She said that all Chinese people and institutions in Yemen were safe, adding that the foreign ministry and the Chinese embassy in Yemen had warned its citizens not to visit Yemen. Yemen exports about 1.4-1.5 million barrels of Masila crude each month, mainly to China, but a Chinese trade source said that volume was relatively small and could easily be replaced with West African crude. China's crude imports from Yemen in the first two months this year were 4.5 mln bbls, up 315 percent from the same period a year ago. <O/CHINA1> China has traditionally kept a low profile in Middle East diplomacy despite its reliance on oil imports from the region, although it is keen to demonstrate its role as a force in international politics. More»
Amwal Al Ghad English - 2015-03-26 12:24:51
Yemen’s ruling Houthi militants organized demonstrations and lashed out at neighboring Saudi Arabia after it launched airstrikes against them early Thursday, threatening to turn a domestic conflict into a wider confrontation with sectarian overtones. The strikes targeted Houthi military assets around the capital, San’a, and at a southern base. Houthi officials said 14 people were killed and dozens injured. Those figures couldn’t be independently confirmed. Following the strikes, a Houthi revolutionary committee called for mass demonstrations to rally public support for a military response to the Saudi intervention. Houthi official Osama Sari said the militants weren’t scared by the strikes. “Our actions will speak for us, very soon,” he said. Ali Al Kohom, a member of the Houthis’ political council, vowed a swift reaction. More»
Amwal Al Ghad English - 2015-03-26 12:12:41
A coalition of Arab nations led by Saudi Arabia launched airstrikes against military bases held by Shiite Houthi rebels in Yemen early Thursday, as Iran warned that Riyadh was taking a "dangerous step." The statement Thursday from Tehran's Foreign Ministry spokeswoman Marzieh Afkham did not name Saudi Arabia but called the airstrikes an "invasion." The statement went on to claim that the campaign would worsen the already deteriorating security situation in Yemen. Saudi-owned Al-Arabiya News reported that the kingdom had deployed 100 fighter jets, 150,000 soldiers and other navy units. News footage of the strikes aired by Saudi-owned Al-Hadath TV showed flashing lights and what sounded like machine gun fire. Some of the strikes hit positions in Yemen's capital, Sanaa. In response, the Houthis, were calling on their supporters to protest in the city's streets on Thursday afternoon, Yemen's Houthi-controlled state news agency SABA reported. More»
Amwal Al Ghad English - 2015-03-26 08:18:37
Jordan on Thursday confirmed it is taking part in a Saudi-led coalition to defend Yemen's President Abd-Rabbu Mansour Hadi against advancing Shia rebels who are threatening his stronghold in Aden. An official Jordanian source said its participation in the operation, alongside other Arab countries, was aimed at "supporting the legitimacy, stability and security of Yemen". More»