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        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 - 2014-06-12 11:50:15
Iraqi Kurds took control of the northern oil city of Kirkuk on Thursday after government forces abandoned their posts in the face of a sweeping Sunni Islamist rebel push towards Baghdad that threatens Iraq's future as a unified state. Peshmerga fighters, the security forces of Iraq's autonomous Kurdish north, swept into bases in Kirkuk vacated by the army, a peshmerga spokesman said. "The whole of Kirkuk has fallen into the hands of peshmerga," said Jabbar Yawar. "No Iraqi army remains in Kirkuk now." Kurds have long dreamed of taking Kirkuk and its huge oil reserves. They regard the city, just outside their autonomous region, as their historical capital, and peshmerga units were already present in an uneasy balance with government forces. The swift move by their highly organised security forces to seize full control demonstrates how this week's sudden advance by fighters of the Al Qaeda offshoot Islamic State of Iraq and the Levant (ISIL) has redrawn Iraq's map. More»
Amwal Al Ghad English - 2014-06-08 06:36:17
A wave of car bombs exploded across Baghdad on Saturday, killing more than 60 people, and militants stormed a university campus in western Iraq, security and medical sources said. In total, there were a dozen blasts in mainly Shi'ite districts of the capital, the deadliest of which occurred in Bayaa, where a car bomb left 23 people dead, many of them young men playing billiards. "I was about to close my shop when I heard a huge explosion on the main commercial street," said Kareem Abdulla, whose legs were still shaking from the shock. "I saw many cars set ablaze as well as shops". Other bombs went off near a cinema, a popular juice shop and a Shi'ite mosque. No group immediately claimed responsibility for any of the bombings, but the Shi'ite community is a frequent target for Sunni Islamist insurgents who have been regaining ground and momentum in Iraq over the past year. More»
Amwal Al Ghad English - 2014-06-07 07:59:26
A rogue militant group formerly allied with al Qaeda kidnapped more than a 150 teenage Kurdish students in Syria and forced them to take Islamic training, a monitoring group and Kurdish officials told CNN on Friday. Radical fighters from the Islamic State of Iraq and Syria (ISIS) are holding the boys ranging in age from 15 to 18 at a Sharia law school in the northern town of Manbij, Nouri Mahmoud, a member of the local Kurdish Democratic Union Party (PYD) in the Syrian city of Kobani, also known as Ayn al-Arab, told CNN. "They are training them in Islam and prayer, but we are afraid that they are teaching them to carry out operations in Kobani. We are very concerned that they will use the children for their terrorism," Mahmoud said. The Syrian government refused to set up testing centers in the Kurdish-controlled city of Kobani, forcing nearly 1,500 students to travel to the flashpoint city of Aleppo for year-end exams, the London-based Syrian Observatory for Human Rights said. "These students are from the Kurdish people, which are a part of the Syrian people. All they wanted was their diplomas from school. There was no reason for them to go to Aleppo and risk their lives." Mahmoud said. More»
Amwal Al Ghad English - 2014-06-07 07:42:24
The fevered struggle between Saudi Arabia and Iran for regional dominance has for years aggravated nearly every conflict across the Middle East as the two nations armed, funded and encouraged each other’s adversaries. So it has come as a surprise to many here that even with the region still in tumult, there have been signs that both powers are looking to temper their destructive rivalry. But as officials in Riyadh and Tehran give hints of détente, the reality, experts say, is that the two battle-scarred adversaries are more likely circling as they adjust to shifting regional dynamics. For the moment, Iran has the upper hand, having successfully staked its position on supporting President Bashar al-Assad in Syria’s civil war and having opened talks with Washington over its nuclear program. Iran is in a stronger position than Saudi right now,” said an adviser to the Saudi government, speaking anonymously in order to be more candid. “They have more cards.” More»
Amwal Al Ghad English - 2014-06-05 07:29:25
Saudi Arabia says 282 people are now confirmed to have been killed by the Mers virus, almost 100 more than initially thought. The increase came after a national review of hospital data from the time the virus emerged in 2012. The deputy health minister, who has been criticised for his handling of the crisis, was sacked on Monday. Cases of the virus, for which there is no known cure, have been confirmed in almost a dozen other countries. Saudi authorities said there had now been 688 confirmed Mers (Middle East Respiratory Syndrome) infections in the kingdom. Before the revision the number of cases was believed to be 575. Saudi health ministry spokesman Tariq Madani said that despite the revised figures, fewer people were now contracting the disease. More»
Amwal Al Ghad English - 2014-06-05 07:18:02
President Bashar al-Assad of Syria on Wednesday celebrated his overwhelming victory in a deeply disputed election, asserting his confidence and defiance in the Syrian conflict as supporters savored his success in thwarting the United States. Syrian officials announced that Mr. Assad had been re-elected with 88.7 percent of the vote and reported turnout of 73.4 percent of eligible voters. Those numbers could be questioned on many levels, but that did not matter much, as the election was primarily a display of Mr. Assad’s continued control of important Syrian cities, the loyalty of his core supporters and the failures of his opposition and its backers. For United States officials, it was a less triumphant day. Mr. Assad’s supporters celebrated with gunfire in Damascus and even in neighboring Lebanon, where Secretary of State John Kerry paid a visit on Wednesday. But the Americans were confronted with a sense that their policy on Syria and in the region was adrift.  The night before, Robert S. Ford, the career diplomat and Arabic speaker who was until recently the nominal ambassador to Syria and the main executor of American policy there, declared on “PBS NewsHour” that he quit his post in February because the policy had failed and he “could no longer defend” it in public. He said that with the United States unwilling to seriously aid potential allies in the Syrian opposition, Russia and Iran had been “driving” the war’s dynamics by hugely increasing their support for Mr. Assad. More»
Amwal Al Ghad English - 2014-06-02 07:31:29
It was not so long ago that Bashar al-Assad’s enemies thought he was finished. In the summer of 2012, the rebels were not just at the gates of Damascus, but inside the capital, preying on Assad’s harried forces. His government had lost big chunks of Syria’s territory and a string of strategic towns, and a small number of loyal and tested army units were rotating around the country in an exhausting attempt to hold back rebel advances on many fronts. Not any longer. Now, even as the United States seeks to increase aid and training to moderate rebels to fight Assad's forces, U.S. officials privately concede Assad isn’t going anywhere soon. Buoyed by a sequence of victories over the past year, won in large part through Iran and Hezbollah, its Lebanese paramilitary proxy, Assad will be elected president this week for a third seven-year term, symbolically contested by selected opponents playing walk-on roles to pad out the main drama. The old Syria - at its core a security state run by the Assad clan, their Alawite allies and selected partners from other minorities and the Sunni majority - is reasserting itself. Assad himself, who had almost dropped out of sight and, on the rare occasions he did appear in public, looked troubled and strained, has re-emerged looking relaxed, confident and smart as he gets out and about, campaigning with his wife, Asma. TRIUMPHALISM There is a note of triumphalism when he speaks, a sense that the tide of the crisis, that began as a popular revolt against his rule, has turned in his favour. Despite the loss of 160,000 lives and the displacement of 10 million Syrians, the shattering of cities like Homs and Aleppo and wholesale destruction of infrastructure and the economy, Assad proclaims Syria will become again what it once was. During a visit to the ancient Christian town of Maaloula on Easter Sunday, after it had been recaptured from rebels, he told soldiers: “We will remain steadfast and bring security back to Syria and defeat terrorism. We will hit them with an iron fist and Syria will return to how it was.” “The battle may be long but we’re not afraid; Syria has been like that all its life," he said on another stop at nearby Ain al-Tina. “As long as we’re together...we’ll rebuild it. However much they destroy we will rebuild and make it even better.” Such is his confidence that he is contemplating retaking the whole country after the presidential election, according to a Lebanese political ally who sees him regularly. Having regained control of a chain of cities up the north-south backbone of the country, secured his grip on the north-west coast and Alawite heartland, and cleared rebels away from Lebanon's border, he is mulling a new offensive against Aleppo, before pushing right up to the northern frontier with Turkey. According to the Lebanese ally he would leave parts of eastern Syria that are connected to the insurgency in western Iraq under the control of al-Qaeda-linked jihadis - fitting Assad’s contention he is fighting foreign-inspired terrorists. This would also send a warning to Western and Arab supporters of the mainstream rebels that getting rid of him opens the gate to Sunni extremists. REASSERTING CONTROL Diplomats close to Assad acknowledge that part of his strategy has been to overlook the presence of the Islamic State of Iraq and the Levant (ISIL), an al-Qaeda division led by foreign jihadists, who have been fighting the moderate rebels - the first to rise up against the Syrian leader's rule. "It’s a logical strategy. Why attack ISIL if ISIL is attacking your enemy?," one Arab diplomat said. But Assad will eventually retake even the east, the Lebanese ally confidently predicts, citing the Algerian state’s long and bloody campaign to eradicate Islamist insurgents in the 1990s. "It will take time but Algeria lasted seven to eight years until the government purged the country and regained control," he said. Yet, seductive though this scenario may be to the loyalist camp, Assad has returned from the brink only because powerful foreign allies – Iran, Hezbollah, and Iranian-trained Iraqi militias on the ground and Russia in the UN Security Council - have intervened decisively as the US, Europeans and Arabs have mirrored the indecision and muddle of Syria’s rebel opposition. "Assad has not won, Assad has survived," says Fawaz Gerges, a Middle East expert at the London School of Economics. "There is a big difference between weathering the violent storm and basically defeating the opposition." "Both in his discourse and his image he projects much more confidence, he is much more at ease, he projects a narrative of victory," Gerges says. "The truth is that al Qaeda has damaged the opposition and has strengthened Assad’s hand." "But the fact is the opposition is divided but not defeated yet. You have between 70,000 and 100,000 fighters and we have to wait and see how the opposition, and how the United States, Western powers and regional allies play their cards." PYRRHIC VICTORY? Lebanese columnist Sarkis Naoum, a Syria expert who from the start predicted a long conflict, says Assad has won "the first half" of the conflict. "It is a pyrrhic victory. The scale is on Bashar and Iran’s side now but for sure Bashar won’t be able to win the overall war." While there are indications that the U.S. and its allies are beginning to worry more about an al-Qaeda revival in Syria than about removing Assad, Western diplomats say, there is also evidence Washington is encouraging Saudi Arabia to provide selected rebel units with more sophisticated anti-tank weapons and Qatar to upgrade their skills with military training. U.S. President Barack Obama, facing criticism that he has been passive and indecisive on Syria, said last week that he would work with Congress to "ramp up support for those in the Syrian opposition who offer the best alternative to terrorists and brutal dictators" but he offered no specifics. While Obama and Congress deliberate, the dominant fear remains the absence of a credible alternative to take over power from Assad, whose family has ruled Syria ruthlessly for over 40 years. Instead, they see a scenario under which the country of 23 million people may go the way of Iraq or Libya. At home, Assad is fond of telling foreign journalists that he and his wife continue to move around Damascus freely and without personal security. But locals say that has not happened since the uprising erupted in March 2011. Security surrounding Assad’s movements is so tight that even at official ceremonies, it is not clear if the footage shot is of the same day or a previous day, they say. One close observer noted that Assad doesn’t tell his guards in advance about his movements. "He suddenly emerges and they run after him to follow movement orders on the spot," he said. CLOSE TO HOME Mortars continuously hit close to Assad’s private residence in Damascus, residents who live in the area say. During a recent mortar barrage that came unusually close to his residence, neighbours say they saw several cars with darkened windows leave from a basement. "It was so fast, almost instantaneous. We heard the mortar blast, which we felt in our home. It shook our windows. And by the time I walked up to the window to see what was happening, I saw maybe 10 cars leave from his residence, one after the other, all of them in a big hurry," one resident said. Locals along the Syrian coast say Assad and his family have not been to their summer residence for at least two years. Western diplomats say that about a year into the uprising, "Assad must have gotten advice from his friends not to leave Damascus as it is the ultimate prize for the rebels". Under all scenarios, experts say a military solution to oust Assad is out of the question and, barring an assassination, a nuclear deal between Iran and major powers could in the long-term be the only way forward to usher a post-Assad order. "He's staying until someone puts a bullet in his head or until the regional equation changes and this won't happen until a nuclear deal is reached," said the Arab diplomat. Another diplomat with close links to Assad admitted that the president, 48, is the man of the moment but not the future. "He’s not perfect, and he could be more flexible on humanitarian issues. Besides, he won’t be around forever, and Syria will eventually move forward. But for now, he’s the better of the two choices," the diplomat said. But die-hard loyalists close to Iran strongly believe Tehran will stand by its friend, whose alliance is a vital land bridge giving the non-Arab Persian state access to Hezbollah, its proxy militia fighting Israel from Lebanon. "God forbid when his situation was worse than this, the Iranians did not give him up, they won't now." More»
Amwal Al Ghad English - 2014-05-29 07:15:02
A convoy of chemical weapons inspectors and UN staff that was travelling to a site of an alleged chlorine gas attack in Syria has come under attack. The Organisation for the Prohibition of Chemical Weapons (OPCW) said they were all safe and well, and were travelling back to their operating base. It did not say whether they had been kidnapped in Hama province, as the Syrian government earlier claimed. OPCW director general, Ahmet Uzumcu, expressed his concern for their safety. "Our inspectors are in Syria to establish the facts in relation to persistent allegations of chlorine gas attacks," he said in a statement. "Their safety is our primary concern, and it is imperative that all parties to the conflict grant them safe and secure access." 'Hijacked' More»
Amwal Al Ghad English - 2014-05-29 07:14:58
Syrian refugees in Lebanon and Jordan are being given the chance to vote early in the presidential election due to be held next week. The main polling stations opened at the Syrian embassies in Beirut and Amman on Wednesday. The UN says 2.8 million Syrian refugees have fled to neighbouring countries. President Bashar al-Assad is widely expected to win a third seven-year term in office in the 3 June election, which has been branded a farce by the West. More than 160,000 people have died since the uprising against President Assad began in March 2011. Thousands of Syrians have been flocking to their embassy in the hills overlooking Beirut. More»
Amwal Al Ghad English - 2014-05-22 07:26:05
Atop the hill of Tel Ahmar just a few kilometers from Israeli forces on the Golan Heights, Syrian Islamist fighters hoist the al Qaeda flag and praise their mentor Osama bin Laden. One of the men, a leader of al Qaeda's Nusra Front, compares their battlefield - a lush agricultural region where dead soldiers lie on the ground near a charred Soviet-era tank - with the struggle their comrades waged years ago in Afghanistan. "This view reminds us of the lion of the mujahideen, Osama bin Laden, on the mountains of Tora Bora," he can be heard saying in a video posted by the group, which shows the fighters in sight of Israeli jeeps patrolling the fortified frontier. Last month's capture of the post was followed days later by the seizure of the Syrian army's 61 Infantry Brigade base near the town of Nawa, one of the biggest rebel gains in the south during the three years of Syria's war. More»