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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 - 2015-05-16 07:28:31
Islamic State extremists made key gains Friday, seizing a government compound in the strategic Iraqi city of Ramadi hours after allegedly massacring dozens of civilians as they closed in on Syria's ancient metropolis of Palmyra. Women and children were among 23 people executed in cold blood outside Palmyra, monitoring groups said, as fears grew that advancing IS troops would destroy the ancient city renowned as a world heritage site. Following the latest reported IS atrocity in Syria, jihadists raised their black flag over Ramadi's government headquarters after launching a wide offensive using suicide car bombs that sent civilians fleeing the western city, edging closer to what would be their biggest victory in Iraq this year. IS "now occupies the government centre in Ramadi and has also raised its flag over the police HQ for Anbar", a police major told AFP on condition of anonymity. The loss of the capital of Anbar province would be a major setback for Iraq's government, which has struggled to gain the upper hand against the IS group in the region and Baiji, north of Baghdad, despite months of US-led bombing raids. Iraq's government said Ramadi had not fallen yet and a major counter-offensive was under way. The jihadists already hold Mosul, Iraq's second city and the capital of the neighbouring Nineveh province, and US Vice President Joe Biden on Friday pledged to expedite supplies to Iraqi forces in a phone conversation with Prime Minister Haider al-Abadi. The IS gains in Iraq came as rights groups reported the group had massacred 23 people as it advanced on Palmyra, and it now held positions within one kilometre (less than a mile) of the UNESCO world heritage site. Rami Abdel Rahman, head of the Syrian Observatory for Human Rights, told AFP IS fighters had "executed by gunfire 23 civilians, including nine children, in the village of Amiriyeh, north of Tadmor," adding that relations of government officials were among those killed. Palmyra, a 2,000-year-old desert oasis site known in Arabic as Tadmor, is one of Syria's most prized historical gems and experts fear IS plans to destroy the city after it sacked the Iraqi archaeological sites of Nimrud and Hatra. "It is our responsibility to alert the (UN) Security Council so that it will take strong decisions," UNESCO chief Irina Bokova said, adding that the world body was "very worried". Since the IS offensive in Anbar province began early Wednesday, more than 138 combatants -- 73 soldiers and 65 jihadists -- have been killed. There were also reports of at least 26 civilians executed by IS, the Observatory said. The militant Islamists group has taken advantage of unrest in Syria -- where a four-year civil war has killed more than 220,000 people -- and Iraq to seize huge swathes of both countries, which it rules under its own harsh interpretation of Sharia law. US President Barack Obama said Friday Syria would not likely see peace before he leaves office in early 2017 and reaffirmed his belief that there is no "military solution" to the conflict. "The situation in Syria is heartbreaking but it's extremely complex" Obama told the Saudi-owned Al-Arabiya television network, adding that "too often in the Middle East region, people attribute everything to the United States". Also on Friday, the chief of staff of the US command overseeing the American-led air war against the IS group, Brigadier General Thomas Weidley, said the jihadists remained "on the defensive" despite their seizure of Ramadi. "We firmly believe Daesh is on the defensive throughout Iraq and Syria," Weidley told reporters, using an alternative acronym for the IS group. Meanwhile north of Baghdad, Iraqi troops were engaged in a difficult fight to hold onto the country's largest oil refinery in Baiji despite 165 US strikes against IS. In Syria, the army pledged to send reinforcements to protect Palmyra, home to some 70,000 people including displaced Syrians who fled there after their home towns were engulfed in violence. The governor of central Homs province, where the ancient city is located, said the situation was "under control". "The army has sent reinforcements and it is bombing the (IS) positions from the air," Talal Barazi said. Palmyra is nicknamed "the pearl of the desert" and UNESCO describes it as a heritage site of "outstanding universal value". IS has destroyed numerous ancient sites in Iraq and Syria as it has advanced, and UNESCO's Bokova said it was important to work "against extremism, against this strategy of eradicating... our collective memory". Syria's opposition National Coalition said IS would be committing "a crime against civilisation" by destroying Palmyra, and accused the regime of not doing enough to protect the ancient city. More»
Amwal Al Ghad English - 2015-05-14 07:23:08
SANAA: A jet-fighter from a Saudi-led coalition struck a military convoy belonging to Shiite rebels and their allies in southern Yemen on Wednesday, straining a humanitarian, five-day cease-fire that took hold the previous day. Meanwhile, a senior Iranian military official warned the U.S.-backed coalition against blocking a Yemen-bound Iranian aid ship, saying that such a move would “spark a fire” in the region. Wednesday’s airstrike in Yemen’s Abyan province was in response to an attempt by the rebels known as Houthis to reinforce their forces in the nearby city of Aden, a port city on the Arabian Sea, said Yemeni security officials. The Houthis acknowledged the airstrike, but said nothing about the convoy. There were no immediate reports on casualties or damage resulting from the airstrike. More»
Amwal Al Ghad English - 2015-05-13 07:16:35
Saudi-led air strikes hit the rebel-held Yemeni capital Sanaa hours before a five-day humanitarian truce took effect on Tuesday, and Washington cautioned against "provocative actions" after Iran dispatched a cargo ship to Yemen. The ceasefire began at 11 p.m. (2000 GMT), said Brigadier General Ahmed Asseri, spokesman for a Saudi-led coalition that has been striking Yemen's Houthi rebels since March 26, but clashes persisted after that in some areas. It is intended to allow the shipment of food and medicine to the country, which aid groups warn faces a humanitarian catastrophe after more than seven weeks of war but it will end if the Houthis do not also lay down arms, Riyadh has warned. There was no let up in fighting before the truce. The Houthis shelled Saudi border areas in Jizan province until the last moments before the ceasefire started, Asseri said on al-Arabiya television, adding that this gave him no confidence the rebel group intended to keep to the truce. More»
Amwal Al Ghad English - 2015-05-12 08:42:49
Powerful explosions shook the Yemeni capital on Monday after warplanes from the Saudi-led coalition struck an arms depot thought to be in Houthi control. The raid targeted the depot in the Mount Noqum area on the eastern outskirts of Sanaa, triggering several blasts, an AFP correspondent and witnesses said. Thick black smoke billowed from the site and debris was scattered in residential areas at the foot of the hill, witnesses said. There were no immediate reports of casualties. The attack came a day ahead of a hoped-for five-day humanitarian truce proposed by the Saudi-led coalition which launched strikes against rebels in late March in support of exiled President Abd Rabbuh Mansour Hadi. Hisham Al-Omeisy, a Yemeni analyst based in Sanaa, described the attack as the "mother of all explosions" and posted video of the still-smouldering site, hours after it occurred. More»
Amwal Al Ghad English - 2015-05-12 08:04:13
The White House and Saudi Arabia scrambled to quell talk of a diplomatic rift Monday, after King Salman pulled out of a summit with President Barack Obama at the eleventh hour. Senior US and Saudi officials appeared in public to insist the Gulf royal's decision was not a snub nor part of a deeper crisis in never-easy ties that date back decades. Obama had invited six Gulf leaders to the presidential retreat, amid suspicions that Washington is no longer committed to their security and is not doing enough to stop Iran's destabilizing actions across the region. Only two leaders, from Qatar and Kuwait, are now slated to attend. The US president has warned the deeply conservative monarchies that they must reform, and has launched nuclear talks with their arch-foe Iran. More»
Amwal Al Ghad English - 2015-05-11 16:25:54
The Saudi king's absence from a regional summit to be hosted by President Barack Obama shows how Gulf states, displeased by what they see as U.S. indifference to Iranian meddling in the Arab world, may hesitate to bless any nuclear deal with Tehran. Analysts and diplomats in the Middle East described King Salman's decision to skip the meeting at Camp David this week as a snub, despite denials from U.S. officials and some Saudi insiders. Riyadh announced the monarch's no-show on Sunday, only two days after the White House had said he would attend the summit of Gulf Cooperation Council (GCC) states - some of which have long doubted Obama's commitment to confronting Iranian backing of Shi'ite Muslim militias across the region. Crown Prince Mohammed bin Nayef, who has strong ties with the U.S. political and security establishment, will represent Saudi Arabia at the May 13-14 gathering along with Deputy Crown Prince Mohammed bin Salman, the defense minister. Since Salman took power in January, the pair have determined most aspects of Saudi policy. The leading Gulf Arab power has complained for years that Washington does not take its concerns seriously. It thinks a focus on settling the dispute over Tehran's nuclear program has distracted the United States from more urgent problems. "The conspiracy theorists of old have been proven right. The U.S. creates threats for us and then offers us more weapons systems. That does not bode well for us," said Sami Alfaraj, a Kuwaiti security adviser to the six-nation GCC. Riyadh believes Iranian support for militias in Lebanon, Syria, Iraq and Yemen is the biggest cause of regional instability, aggravating sectarian tensions, undermining strong government and boosting Sunni Muslim jihadists. The Saudis fear Obama sees a settlement between world powers and Tehran as his legacy. Such a deal on the nuclear program - which the West believes may be aimed at building weapons despite Iranian denials - could lift international sanctions without taming the country's regional ambitions, they think. Washington has repeatedly promised to help curb Iran's activities, offering the Gulf Arabs new weapons and backing a Saudi-led coalition against Yemeni rebels allied to Tehran. Backing from the GCC - made up of Saudi Arabia, Kuwait, Qatar, Bahrain, the United Arab Emirates (UAE) and Oman - is important for Obama to show Congress that the Iran deal has broad regional support, despite Israeli opposition. Salman expressed guarded support for a framework nuclear agreement reached last month, but insists any accord must be robust, verifiable and no threat to Tehran's neighbors. Saudi insiders are worried that by easing sanctions on Tehran, Iran will have more scope to back the proxies that Riyadh opposes across the Middle East. NEW WEAPONS Secretary of State John Kerry has tried to reassure the Gulf states that Washington will not accept a bad nuclear deal, saying the Camp David discussions would flesh out commitments that will create "a new security understanding" with the GCC. Washington is also poised to offer new weapons under a push for a GCC shared missile defense system, senior U.S. officials said last week. Obama's support for the Yemen campaign, despite strategic and humanitarian reservations, also signaled American commitment to Riyadh's security. However, these gestures may not have won over the Saudis. "Their experience of six years from Obama is assurances, promises, nice words. But at the end of the day they got nothing in their hands," said Mustafa Alani, an Iraqi security analyst with close ties to the Saudi crown prince's Interior Ministry. He said Riyadh regarded U.S. support for the Yemen campaign, which included intelligence sharing, logistics and expediting weapons deliveries, as a quid pro quo for Saudi blessing of an Iran deal, which both sides are aiming to complete by June. But Abdulkhaleq Abdulla, a political scientist in the UAE, underlined the regional doubts. "We still think deeply that Iran is a destabilizing force and with the nuclear deal it is going to be even more destabilizing. So I think fundamentally we - the GCC and the U.S - are not on the same page anymore," he said. NEW GENERATION The decision to send Mohammed bin Nayef and Mohammed bin Salman may simply be aimed at accelerating a move toward a new generation, said Jamal Khashoggi, general manager of al-Arab television station. "Saudi Arabia understands America is important and wants to continue working with it, especially at this time. We are undergoing a major reconstruction effort in the region that requires American support," he said. Some diplomats in the region believe the absence from Camp David of King Salman and close ally King Hamad of Bahrain, host of the U.S. Fifth Fleet, may backfire. A Saudi decision in 2013 to vacate a seat on the United Nations Security Council that it had spent years seeking, followed by a leak of angry comments about Washington by then spy chief Prince Bandar bin Sultan, failed to change U.S. policy. "Of course it (Salman's non-appearance) is a snub. But I don't think Obama is going to put up with this. He wants the nuclear deal. It is the number one priority," said a Western diplomat based in the region. More»
Amwal Al Ghad English - 2015-05-11 09:21:33
Saudi-led warplanes pressed air strikes against rebel positions in Yemen early Monday, 36 hours before a scheduled five-day pause to allow the delivery of much-needed humanitarian aid, witnesses said. The coalition pounded the Shia Huthi rebel stronghold of Saada in the northern mountains for a third straight night after declaring the whole province a military target on Friday. Aid agencies say some 70,000 civilians have fled the province, which borders Saudi Arabia, but that many more remain trapped in the coalition air and artillery bombardment because of a lack of fuel for transport. More»
Amwal Al Ghad English - 2015-05-11 08:20:56
Saudi Arabia said its new king won’t attend this week’s long-planned summit for Persian Gulf countries at the U.S. presidential retreat, in what may be a sign of frustration with Washington over its Iran policy. King Salman’s decision to stay home comes as President Barack Obama’s administration is trying to restore the flagging confidence of Gulf Arab leaders in U.S. leadership. The Saudi king had been expected to meet with Obama on Wednesday at the White House “to build on their close consultations” on a range of issues and then attend the summit at Camp David in Maryland on Thursday, White House spokesman Eric Schultz said at a press conference Friday. Saudi Foreign Minister Adel bin Ahmed Al-Jubeir instead issued a statement Sunday saying the king won’t visit “due to the timing of the summit, the scheduled humanitarian cease-fire in Yemen and the opening of the King Salman Center for Humanitarian Aid.” More»
Amwal Al Ghad English - 2015-05-11 08:05:33
A Moroccan F-16 warplane taking part in the Saudi Arabian-led coalition fighting in Yemen went missing on Sunday, the Moroccan Royal Armed Forces said in a statement. Backed by the United States, a Saudi-led coalition has been conducting air strikes against the Houthis and army units loyal to ex-president Ali Abdullah Saleh since March 26 with the aim of restoring the government of President Abd-Rabbu Mansour Hadi. Morocco announced its backing of Saudi Arabia since the beginning of the action and has had F-16 warplanes stationed in the United Arab Emirates (UAE). "One of the F-16s of the Royal Armed Force (FAR) made at the disposal of the coalition led by Saudi Arabia to restore the legitimacy in Yemen went missing on Sunday at 6 pm local time," FAR's statement carried by the Moroccan state news agency MAP said. More»
Amwal Al Ghad English - 2015-05-10 14:41:05
The United Nations representative in Yemen has said that the Saudi-led coalition is bombing "effectively, trapped civilians". Civilians in the northern city of Saada are struggling to flee Saudi-led coalition air strikes targeting Houthi rebels, reports and aid workers say. The UN also warned that the indiscriminate bombing of populated areas is against international law. Air strikes have killed at least 1,400, more than half civilians, the UN says. More»