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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 - 2014-08-05 06:30:09
Israel and Hamas-led Palestinian guerrillas entered a 72-hour truce on Tuesday mediated by Egypt with a view to encouraging negotiations on a more enduring end to the month-old Gaza war. Minutes before the ceasefire took hold at 8 a.m. (0100 EDT), Hamas launched a salvo of long-range rockets, calling them revenge for Israel's "massacres". Sirens went off as far north as Jerusalem's outlying areas. There was no word of casualties. Israeli ground forces withdrew from the Gaza Strip ahead of the truce, with a military spokesman saying their main goal of destroying cross-border infiltration tunnels had been completed. Troops and tanks would be "redeployed in defensive positions outside the Gaza Strip and we will maintain those defensive positions," spokesman Lieutenant-Colonel Peter Lerner said, reflecting Israeli readiness to resume fighting if attacked. Several previous attempts by Egypt and other regional powers, overseen by the United States and United Nations, failed to calm the worst Israeli-Palestinian fighting in two years. More»
Amwal Al Ghad English - 2014-08-04 08:14:50
Fighters from the Islamic State of Iraq and Syria (ISIS) took over Iraq's biggest dam unopposed by Kurdish fighters, who also lost three towns and an oilfield on Sunday to the Sunni militant group, witnesses said, according to Reuters news agency. Control of the dam could give ISIS, which has threatened to march on Baghdad, the ability to flood major cities. Meanwhile, ISIS also seized two small towns in northern Iraq after driving out Kurdish security forces, officials and residents said, according to the Associated Press. The fresh gains by the Sunni extremist militants have forced dozens of residents to flee from the religiously mixed towns of Zumar and Sinjar, near the militant-held city of Mosul, to the northern self-ruled Kurdish region. Oil field Earlier on Sunday, ISIS militants have successfully captured an oil field close to the Iraqi town of Zumar after fighting with Kurdish forces who had control of the area. ISIS, which had a lightning advance through northern Iraq in June, warned residents in nearby villages along the border with Syria to leave their homes, suggesting they were planning an assault, witnesses said. More»
Amwal Al Ghad English - 2014-08-04 07:00:25
Israel said it would unilaterally hold fire in most of the Gaza Strip on Monday to facilitate the entry of humanitarian aid and allow some of the hundreds of thousands of Palestinians displaced by an almost four-week-old war to go back to home. The announcement, made first to Palestinian media, met with suspicion from Gaza's dominant Hamas Islamists and followed unusually strong censure from Washington at the apparent Israeli shelling on Sunday of a U.N.-run shelter that killed 10 people. An Israeli defense official said the ceasefire, from 10 a.m. to 5 p.m, would apply everywhere but areas of the southern town of Rafah where ground forces have intensified assaults after three soldiers died in a Hamas ambush there on Friday. "If the truce is breached, the military will return fire during the declared duration of the truce," the official said. More»
Amwal Al Ghad English - 2014-08-03 06:14:37
Israel on Sunday declared dead a soldier feared abducted by Hamas Islamist militants in the Gaza Strip and said it would continue to fight even after the army completes destroying cross-border tunnels used by Palestinian fighters to attack its territory. As Israeli television showed live footage of some tanks withdrawing from Gaza in an apparent winding down of the 26-day campaign, Prime Minister Benjamin Netanyahu said Hamas would pay an "intolerable price" if it continued to attack Israel. It was determined that Hadar Goldin, 23, the soldier Israel had feared Hamas militants abducted on Friday, was killed in action during an operation in the southern Gaza Strip, an army statement said. "A special committee led by the Israel Defence Forces Chief Rabbi, announced the death of the IDF infantry officer of the Givati Brigade, Lieutenant Hadar Goldin, who was killed in battle in the Gaza Strip on Friday, August 1, 2014," part of the army statement said. Hamas' armed wing said on Saturday it had no clear indication on Goldin's whereabouts and that he may have been killed during an ambush in the southern Gaza Strip in which two other Israeli soldiers were killed. More»
Amwal Al Ghad English - 2014-08-02 08:37:34
Saudi Arabia's King Abdullah broke his silence on Friday over the three-week-old conflict in Gaza, condemning what he saw as international silence over Israel's offensive and describing this as a war crime and "state-sponsored terrorism". Saudi Arabia, which regards itself as a leader of the Sunni Muslim world, has played only a background role in the diplomacy to reinstate calm in Gaza, leaving the main Arab pursuit of a ceasefire to close ally Egypt and fellow Gulf monarchy Qatar. "We see the blood of our brothers in Palestine shed in collective massacres that did not exclude anyone, and war crimes against humanity without scruples, humanity or morality," Abdullah said in a brief speech read out on his behalf on state television. "This (international) community, which has observed silently what is happening in the whole region, has been indifferent to what is happening, as if what is happening is not its concern. Silence that has no justification." His speech, which focused mainly on what he described as a Middle East-wide threat from Islamist militancy, followed criticism by some Saudis on social media, including prominent clerics, over Riyadh's quiet response to the Gaza crisis. POLITICAL COMPLICATIONS The kingdom's policy towards Gaza is complicated by its mistrust of the territory's ruling Hamas, an Islamist movement with close ideological and political links to the Muslim Brotherhood, which Riyadh regards as a terrorist organisation. Saudi Arabia believes the Brotherhood has a region-wide agenda to seize power from established government leaders, including the kingdom's al-Saud dynasty, and has quarrelled with Qatar over its support for the group. Abdulkhaleq Abdullah, a political analyst in the United Arab Emirates, said the speech was a bid to rebut accusations that Saudi Arabia - along with allies Egypt and the UAE - was happy to see Hamas weakened by Israel's offensive, which was prompted in part by increasing Hamas rocket fire from Gaza into Israel. "People want to see a stronger position from these three countries and it is not coming over very strongly," he said. The kingdom's muted response to the crisis so far has been echoed across a region already absorbed by a series of civil wars, insurgencies and internal political strife that have erupted in the aftermath of the 2011 Arab uprisings. Since the Israeli air and ground onslaught began, Saudi Arabia's public expressions of condemnation over the violence have been mostly limited to statements following the weekly cabinet meetings, and to pledges of humanitarian aid. Newspaper coverage, which often follows the official line in Saudi Arabia, has often relegated the conflict to inside pages in sharp contrast to previous Israeli incursions into Gaza. Some editorials have taken the rare step of blaming Hamas for the bloodshed, in which 1,509 Palestinians, mainly civilians, have been killed, rather than Israel. There have been 66 Israeli deaths, 63 of them soldiers. Riyadh took a far more prominent role at past junctures of the Israeli-Palestinian conflict. It sponsored the 2002 Arab peace initiative offering the Jewish state an end to conflict with all Arab states in return for the creation of a Palestinian state and return of Palestinian refugees. Israel rejected it. Since the offensive began, however, King Abdullah has met Palestinian Authority President Mahmoud Abbas, Qatar's Emir Sheikh Tamim bin Hamad al-Thani and U.N. Secretary General Ban ki-Moon to discuss the crisis. CEASEFIRE COLLAPSE The conflict in Gaza has coincided with Saudi attempts to navigate multiple regional crises, including political chaos in Egypt, two separate insurgencies in its neighbour Yemen and wars in Iraq and Syria. This regional turmoil is set against Saudi Arabia's bitter rivalry with Shi'ite power Iran and its fears of rising influence exerted by Sunni militant groups the Islamic State and Al Qaeda in the Arabian Peninsula, which seek to topple the al-Saud dynasty. In his speech, Abdullah condemned militants who he said were killing innocent people and mutilating their bodies in contravention of Islamic teachings. He also called on the region's leaders and religious scholars to prevent Islam from being hijacked by militants. He further said he was disappointed by the lack of any follow-up from other countries to his proposal two years ago to establish an international centre to combat terrorism. Israel declared a Gaza ceasefire over on Friday only hours after it was announced, saying Hamas militants violated the pact 90 minutes after it took effect and apparently captured an Israeli officer while killing two other soldiers. The truce was the most ambitious attempt yet to end the fighting and followed increasing international alarm over the soaring Palestinian civilian death toll. More»
Amwal Al Ghad English - 2014-07-31 06:41:19
Israel pressed ahead with its Gaza offensive saying it was days from achieving its core goal of destroying all Islamist guerrilla cross-border attack tunnels, but a soaring Palestinian civilian toll has triggered international alarm. Prime Minister Benjamin Netanyahu's security cabinet on Wednesday approved continuing the assault launched on July 8 in response to a surge of rocket attacks by Gaza's dominant Hamas Islamists. Israel also sent a delegation to Egypt, which has been trying, with Washington's blessing, to broker a ceasefire. A military source said some 16,000 reservists were being called up at short notice in the coming hours to relieve a similar number who would be stood down. Gaza officials say at least 1,361 Palestinians, most of them civilians, have been killed in the battered enclave and nearly 7,000 wounded. Fifty-six Israeli soldiers have been killed in Gaza clashes and more than 400 wounded. Three civilians have been killed in Palestinian shelling in Israel. U.N. Secretary-General Ban Ki-moon was incensed on Wednesday at the deaths of at least 15 Palestinians among thousands sheltering at a school whose U.N. administrator said appeared to have been hit by Israeli artillery. More»
Amwal Al Ghad English - 2014-07-26 08:50:40
Black plumes of smoke marked shell blasts and bulldozed earthen barricades mapped out the frontlines around Tripoli's largest airport, now at the heart of a standoff between the country's powerful militias. With barrages of Grad rockets, anti-aircraft guns and artillery fired at their rival enclaves just kilometers apart, brigades of former rebels have turned parts of southern Tripoli in a battleground for nearly a fortnight. The clash over Tripoli International Airport is the latest eruption in a deepening rivalry among bands of ex-fighters who once battled side by side against Muammar Gaddafi, but have since turned against each other in the scramble for control. Since the 2011 fall of Tripoli, fighters from the western town of Zintan and allies have controlled the area including the international airport, while rivals loyal to the port city of Misrata had entrenched themselves in other parts of the capital. Heavily armed, they have refused to hand over their guns and sided with competing political forces trying to shape the future of Libya in the messy transition since Gaddafi's four-decade rule over the North African state. More»
Amwal Al Ghad English - 2014-07-26 08:38:45
A 12-hour humanitarian truce went into effect on Saturday after Israel and Palestinian militant groups in the Gaza Strip agreed to a U.N. request for a pause in fighting and efforts proceeded to secure a long-term ceasefire moved ahead. The Gaza Health Ministry said 18 members of a single family were killed by Israeli tank shelling in the southern Gaza Strip shortly before the truce took effect at 8 a.m. (1 a.m. EDT). An Israeli military spokeswoman said she was checking the report. Israel's military said it would hold fire for 12 hours, but would press on with its search for tunnels used by militants. A spokesman for the Islamist group Hamas, which dominates Gaza, said all Palestinian factions would abide by the brief truce. Hundreds of Palestinians poured into the streets in the minutes after the truce took force, some headed on foot to their homes to inspect damage from the Israeli assaults and many lined up outside banks to withdraw cash and stock up on supplies. More»
Amwal Al Ghad English - 2014-07-24 09:57:27
The U.S. Federal Aviation Administration said it lifted a ban on American carriers flying into Tel Aviv after reviewing Israeli measures to reduce security risks. Israeli officials had been trying to restore global air connections after U.S. and European regulators advised carriers to avoid Tel Aviv’s Ben Gurion International Airport on Tuesday. The FAA extended the ban another 24 hours on Wednesday. Then, late Wednesday, the FAA said it canceled the ban. “Before making this decision, the FAA worked with its U.S. government counterparts to assess the security situation in Israel and carefully reviewed both significant new information and measures the Government of Israel is taking to mitigate potential risks to civil aviation,” the FAA said in a statement on its website. Israel’s transportation minister said Israel made the Ovda Airport in southern Israel available to carriers that had halted traffic to Tel Aviv. Ovda, about 37 miles north of the beach resort city of Eilat, can handle international flights, but it is currently used primarily by charter airlines, bringing in tourists. No international carrier took up the offer to fly into the airport, a spokeswoman for the Israel Airport Authority said. More»
Amwal Al Ghad English - 2014-07-23 09:49:24
Syria's oil and gas industries have suffered total losses of $21.4 billion since the outbreak of the country's war three years ago, Oil Minister Suleiman Abbas said Tuesday. "The circumstances the country is going through have caused considerable losses to the oil and gas sectors," said Abbas in a statement. Abbas said the war had caused a $3.5 billion direct loss, in terms of stolen and wasted oil and gas, and damage or theft of infrastructure, pipelines and vehicles. He added that indirect losses, or lost profits, accounted for $17.9 billion. At the start of the revolt, Syria produced 385,000 barrels of oil a day. Production dropped to 17,000 barrels a day, while gas production has been halved. In recent months, the jihadist Islamic State (IS) took control of all the main oil fields in resource-rich Deir Ezzor in eastern Syria. It is exporting oil through middlemen to Iraq and Turkey. Meanwhile, since last Thursday, the Syrian regime army has been trying to expel IS from the gas field at Shaer, in Homs province, which the jihadists took over after killing 270 guards and employees, according to a monitoring group. Despite the war, Abbas said the government was set to complete a gas project near the northern city of Tabaqa, which is under IS control. The plant is scheduled to start operating in mid-August, and is expected to produce 1.22 million cubic metres a day to begin with, rising to 3.2 million by the end of the year. Asked about the potential risks of opening a new plant near an IS-controlled area, the ministry said the site was "secure". More»