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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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        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 - 2015-09-12 09:12:33
The cost of food imports to Arab states is expected to double over the next 20 years, potentially spurring more violence and waves of refugees, if the region's farms do not become more efficient, an agriculture expert said. The Middle East currently imports about $35 billion of food annually, and this looks set to rise to $70 billion in two decades as climate change impacts crop yields and the population rises, said Mahmoud Solh, of the International Center for Agricultural Research in the Dry Areas (ICARDA). Increased dependence on food imports will likely mean higher prices for poor consumers, and thus more hunger and increased levels of strife and migration, said Solh, ICARDA's director general. "The situation is gloomy," Solh told the Thomson Reuters Foundation by telephone from Lebanon. "Extremists thrive in places where people don't have enough to eat... For the long-term, water is the number one problem." A drought that began in 2006, coupled with rising food prices and rural farmers migrating into cities, helped spark Syria's civil war, he said. He was forced to flee Syria in 2012 because of rising violence, and left behind a large research station. Before the war, Syria was largely self-sufficient in grain, and could export in good years, but production has dropped by more than 60 percent since fighting began in 2011, he said. The broader Middle East should be able to meet its own food needs, but per capita yields for key grains and other staple crops are low across the much of the region, he said. In some areas, yields are as low as 1 tonne per hectare when they should be five times higher, Solh said. There are some notable exceptions, he said, where improved technology and better management have helped boost production. In parts of Egypt's Nile River Delta, farmers have increased yields while decreasing water intensity by using special drills to plant grain on beds, rather than in traditional rows, he said. Improved seeds bred specially for dry climates are also helping farmers, he said. Still, productivity gains from new technologies or climate smart agriculture have not raised yields fast enough to keep pace with population growth across several Middle Eastern countries with worrying implications for future stability, he said. More»
Amwal Al Ghad English - 2015-09-12 09:03:00
Saudi Arabia on Friday responded to "false and misleading" reports about its response to the Syrian refugee crisis, saying it has given residency to 100,000 people from the war-ravaged state. The kingdom's statement followed a similar defence issued Wednesday by the United Arab Emirates, after questions started to be asked about how wealthy Arab states have reacted to the outflow of more than four million Syrians. Germany alone is expected to receive 800,000 asylum-seekers from Syria and elsewhere this year. Many more Syrians are sheltering in Jordan, Lebanon and Turkey. An official from Saudi Arabia's ministry of foreign affairs, cited by the official Saudi Press Agency, said the kingdom did not want "to show off or brag in the media" about its response to Syria, where civil war began four years ago. "However, it sees the importance of clarifying these efforts in response to false and misleading media reports about the kingdom," the unnamed official said. Saudi Arabia "made it a point not to deal with them as refugees" but has issued residency permits to 100,000 Syrians who wished to stay in the kingdom, the official said. "With that came the right to free education, healthcare and employment according to a royal decree in 2012 that also states that Syrian students visiting the kingdom be admitted in public schools," the official added. The kingdom has supported millions of Syrian refugees in Jordan, Lebanon and other countries in coordination with the host countries, while providing a total of about $700 million in humanitarian aid, he said. More»
Amwal Al Ghad English - 2015-09-12 08:57:04
United Nations inspectors will be present with Iranian technicians as they take samples from a key military site, two Western diplomats said, undercutting an objection by U.S. Republicans to the nuclear deal between Iran and world powers. The diplomats were familiar with details of a confidential arrangement between Iran and the U.N. nuclear watchdog for inspections at the Parchin site, where some countries suspect nuclear weapons-related tests may have taken place. Iran has denied that allegation, but agreed to accept comprehensive International Atomic Energy Agency (IAEA) inspections of its suspect sites as part of the historic July deal in exchange for an easing of international sanctions. An August report by the Associated Press, in its original version, said the agreement on Parchin suggested that IAEA inspectors would be barred from the site and would have to rely on information and environmental samples provided by Iranian technicians. The AP later published what it said was the text of an early draft of the agreement that remains unconfirmed. More»
Amwal Al Ghad English - 2015-09-12 08:42:16
Egypt's foreign ministry said on Friday the United Nations (UN) General Assembly decision to fly the Palestinian flag at its headquarters is a "new step towards establishing an independent Palestinian state". "Egypt supports all efforts aiming for a just and comprehensive settlement for the Palestinian cause, and also all efforts aiming to reinstate the legitimate rights of the Palestinian people in accordance with the UN resolution," a foreign ministry statement read. There were 119 votes in favour out of 193 UN members. More»
Amwal Al Ghad English - 2015-09-12 07:59:53
A massive construction crane crashed into Mecca's Grand Mosque in stormy weather on Friday, killing at least 107 people and injuring 238, Saudi authorities said, days before the annual hajj pilgrimage. The civil defence agency said on Twitter that emergency teams were sent to the scene after a "crane fell at the Grand Mosque," one of Islam's most revered sites. That came about an hour after it tweeted that Mecca was "witnessing medium to heavy rains," and pictures on social media showed lightning. Ahmed bin Mohammad al-Mansoori, spokesman for the two holy mosques, was quoted by the official Saudi Press Agency as saying part of a crane collapsed at 5:10 pm (1410 GMT) "as a result of strong winds and heavy rains." Abdel Aziz Naqoor, who said he works at the mosque, told AFP he saw the crane fall after being hit by the storm. "If it weren't for Al-Tawaf bridge the injuries and deaths would have been worse," he said, referring to a covered walkway that surrounds the holy Kaaba and broke the crane's fall. More»
Amwal Al Ghad English - 2015-09-10 14:40:31
By refusing to clarify the scale of its military presence in Syria, Russia keeps the West fearing a considerable build-up to win a stronger bargaining position when world powers sit down to talks on the conflict, Western diplomats in Moscow said. Those discussions could take place as soon as this month, when Russian President Vladimir Putin comes to the United States for the first time in some eight years, to speak at the annual United Nations General Assembly. Russia's central demand now is that its long-time ally, Syrian President Bashar al-Assad, should be included in international efforts to contain the militants who have called themselves Islamic State and control large tracts of Syria. U.S. officials said on Wednesday Russia had sent two tank landing ships and additional aircraft to Syria and deployed a small number of forces there. In Lebanon, sources said Russian forces are taking part in combat in Syria, where Assad has come under increasing pressure. "It's all about the General Assembly," said one of the diplomats, who like other sources spoke on condition of anonymity. "If there is a real new start in dialogue between Russia and the United States - we have a whole new situation, new quality." Moscow has signaled several times in recent weeks it is interested in a meeting between Putin and U.S. President Barack Obama in New York. The White House says it is not aware of any meeting planned at the moment. Moscow would play up any such meeting for its domestic audiences to cast Putin as a peacemaker and an indispensable partner for Washington in tackling international crises, even at a time of high tensions over Ukraine. "Russia is piling pressure, playing a blackmail game," said defense analyst Pavel Felgenhauer, noting how a Moscow proposal for an anti-IS coalition involving Assad has lost impetus. "They want to push others to consider it more seriously," said the expert, who is often critical of the Kremlin. "Or else fear that Moscow could use its forces there for other purposes." More»
Amwal Al Ghad English - 2015-09-10 08:45:25
Lebanon's cabinet on Wednesday approved a plan to end a months-long trash crisis that has sparked unprecedented street protests. Agriculture Minister Akram Shehayeb announced the agreement, which approves the devolution of waste management duties to municipalities and the opening of two new landfills. "Tonight the cabinet approved a path out of the crisis," Shehayeb said after a session that lasted more than six hours and came as protesters once again demonstrated in Beirut. The complex plan will scrap the centralisation of waste collection, a key demand of activists, and open two new "sanitary landfills" in far-flung locations. It will also see the temporary reopening of the Naameh landfill, which closed in July after protests by local residents, sparking the trash collection crisis. Shehayeb said Naameh would be reopened for a week only so that the trash that has piled up in Beirut and its suburbs could be disposed of quickly. More»
Amwal Al Ghad English - 2015-09-10 08:30:23
Dozens of Syrian government troops and Islamic State fighters have been killed in fighting around a government-held air base in eastern Syria in a region that is a stronghold for the jihadists, a monitoring group said on Thursday, Islamic State used at least two car bombs in its latest assault on the air base near the city of Deir al-Zor, where government troops are holed up, the Syrian Observatory for Human Rights said. It said at least 18 soldiers and 23 Islamic State fighters had been killed. The base is one of President Bashar al-Assad's last footholds in eastern Syria. There was no mention of the attack on state media. After more than four years of war, Assad's sway is now mostly confined the cities of western Syria, with the rest held by Islamic State, other insurgent groups, or a Kurdish militia, which controls much of the north. On Wednesday, Syrian state TV said government troops had quit the Abu al-Duhur air base in the northwesterly Idlib province after a two-year siege by insurgents including the al Qaeda-linked Nusra Front. Deir al-Zor province borders territories in Iraq that are also controlled by Islamic State, and its oilfields are a major source of revenue for the group. A U.S.-led coalition has been attacking Islamic State from the air in Deir al-Zor and the neighboring Raqqa province. More»
Amwal Al Ghad English - 2015-09-10 08:21:57
The United Nations is expected on Thursday to allow the Palestinians to raise their flag at its headquarters in New York in a symbolic move highlighting Palestinian aspirations for statehood. The General Assembly will vote at 3:00 pm (1900 GMT) on a draft resolution that diplomats say is almost certain to garner a majority in the 193-nation forum. "It is a symbolic thing, but another step to solidify the pillars of the state of Palestine in the international arena," said Riyad Mansour, the Palestinian representative to the UN. The resolution would allow the flags of Palestine and the Holy See -- both of which have non-member observer status -- to be hoisted alongside those of the member states. More»
Amwal Al Ghad English - 2015-09-10 08:08:03
Russian forces have begun participating in military operations in Syria in support of government troops, three Lebanese sources familiar with the political and military situation there said on Wednesday. The sources, speaking to Reuters on condition they not be identified, gave the most forthright account yet from the region of what US officials say appears to be a new military buildup by Moscow, one of President Bashar al-Assad's main allies, though one of the sources said the numbers of Russians involved so far were small. Two US officials said Russia has sent two tank landing ships and additional aircraft to Syria in the past day or so and has deployed a small number of naval infantry forces. The US officials, who also spoke on condition of anonymity, said the intent of Russia's military moves in Syria remained unclear. One of the officials said initial indications suggested the focus was on preparing an airfield near the port city of Latakia, an Assad stronghold. More»