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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        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 - 2014-02-13 08:20:22
Russia denounced on Wednesday a Western-Arab draft U.N. Security Council resolution on humanitarian aid access in Syria as a bid to lay the groundwork for military strikes against Syrian President Bashar al-Assad's government. Russia announced it would veto the current text because it contains "one-sided accusations" against Assad's government, though Russia and its Security Council ally China said they are prepared to negotiate on a new draft if such a move could boost aid access. Since receiving the draft resolution on Thursday, Moscow has been outspoken in its opposition. Russia's Foreign Minister Sergei Lavrov described it as "detached from reality," while U.N. Ambassador Vitaly Churkin dismissed it as a "non-starter." On Wednesday, Deputy Foreign Minister Gennady Gatilov added to Moscow's argument: "Its whole purpose and aim is to create grounds for future military action against the Syrian government if some demands it includes are not met." "It is unacceptable to us in the form in which it is now being prepared, and we, of course, will not let it through," said Gatilov, according to state-run news agency RIA. More»
Amwal Al Ghad English - 2014-02-12 12:13:16
Turkish Foreign Minister Ahmet Davutoglu and leader of Tunisia's largest party Ennahda Rachid al-Ghannouchi have described Tunisia as a "successful model" of Arab Spring countries. "The Tunisian and Turkish parties have affirmed that Tunisia represents a successful model of some Arab Spring countries," Ennahda party said in a statement on Tuesday. Speaking during a meeting with Tunisian Prime Minister Mehdi Jomaa, Davutoglu reiterated his confidence in the ability of the Tunisian government to render the country's democratic transition a success. After meeting with Tunisian President Moncef Marzouki on ways of bolstering bilateral cooperation, Davutoglu reiterated Turkey's desire to foster cooperation and partnership with Tunisia in all fields. The top Turkish diplomat also underlined Turkey's support for Tunisia's post-revolution democratic transition, according to the statement. Davutoglu also conveyed congratulations of Prime Minister Recep Tayyip Erdogan on the endorsement of Tunisia's new constitution. The head of Tunisia’s National Constituent Assembly (NCA) commended Turkey’s role in supporting the country’s post-revolution democratic transition. "Tunisia’s economy and development cannot be achieved without help from friendly nations with Turkey being at the forefront,” Mustafa Ben Jaafar said during a meeting with Turkish Foreign Minister Ahmet Davutoglu on Tuesday, according to an NCA statement. Earlir Tuesday, Tunisia’s Foreign Minister Mongi Hamdi confirmed that his country’s central Bank had received the second and last tranche of a $500 million loan pledged by Turkey last year to support the North African country’s transition. “Turkey has stood by the Tunisian people from the beginning of the revolution until now,” Ben Jaafar said. Ben Jaafar also assured the top Turkish diplomat that the elected legislature will speed up the process of ratifying the anticipated electoral law. The Turkish Foreign Minister also praised the “consenual spirit of political actors and civil society members in Tunisia,” following the approval of the country’s new constitution which won international recognition. Turkey's Foreign Minister Ahmet Davutoglu later arrived in Bosnia and Herzegovina's capital Sarajevo on Tuesday for an official visit. Davutoglu will meet with the head of Bosnia's tripartite presidency, Zeljko Komsic, Bosnian member Bakir Izetbegovic and Serbian member Nebojsa Radmanovic. He will later meet with his Bosnian counterpart Zlatko Lagumdzija, religious leader Huseyin Kavazovic and High Representative Bosnia and Herzegovina Valentin Inzko. More»
Amwal Al Ghad English - 2014-02-10 09:22:06
Under the patronage of Sheikh Mohammed Bin Rashid Al Maktoum - Vice President and Prime Minister of the UAE and Ruler of Dubai; the Government Summit 2014 has just started today in Dubai to be from February 10-12. The world's most respected government and business leaders, decision makers, executives and experts will gather for the 2nd annual UAE Government Summit. More than 60 international speakers will lead comprehensive and insightful sessions on ways to shape the future of government services that meet and exceed the expectations of citizens and promote their happiness. The Summit strengthens international cooperation between public and private sectors. “The Government Summit has underlined its global credentials by hosting an elite line-up of international speakers including high-level government officials and key decision-makers, who will lead an interactive discussion agenda to further enhance government services around the world,” said Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs, and Head of the Organising Committee for the Government Summit. More than 3500 prominent figures are attending the Summit including, global-wide officials, leaders, decision makers, experts and executive directors. Al Gergawi said the Summit, which is the largest of its kind in the world, reflects the vision of Sheikh Mohammed on the future of government services which leverages the power of advanced technology and smart services, in addition to strengthening closer collaboration between the public and private sector to deliver excellence in government service delivery, and achieve the UAE Vision 2021. On the first day of the Summit, Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, will launch the “Dubai Government 2021” initiative. Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman, will launch the development strategy of Ajman on the third day of the Summit. Also on the first day, Lieutenant General Sheikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Interior Minister, will address a key session on “exceptional leadership”. Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, will address the main session on the second day on “partnership and innovation in delivering government services.” Professor Klaus Schwab, president and founder of the World Economic Forum will deliver the keynote speech at the opening of the Summit. William Danvers, Deputy Secretary General of the Organisation for Economic Cooperation and Development, will also deliver a keynote address on the same day. The Summit’s technology partnerships reflect the level of commitment demonstrated by these global giants, and highlight the key role that the private sector can play in advancing innovation and creativity in government services, making them more customer-centric, especially in line with the transformation towards m-government smart services. Mohammed Amin, Senior Vice President  at EMC Turkey, Eastern Europe, Africa and Middle East said: “In view of the direction of UAE leadership to drive the different government agencies towards m-Government services, we are proud to sponsor the Government Summit 2014 and contribute to the transformation of the UAE government towards mobile services. We believe Mobility is one of the key trends that are charging the dynamics of IT and we are confident that our solutions in this space will help government organizations transform and create the agility needed for the new applications and new customer experiences.” Sam Alkharrat, Managing Director at SAP MENA, said:“These are exciting times in the UAE. M-government initiatives are picking up pace, smart city plans are set to deliver new and increasingly sustainable standards of living, and Expo 2020 is accelerating investment and innovation across the board. Changes of this magnitude can only take place with strong leadership and technological vision, and the UAE is already preparing to reinvent itself through scaling up its adoption and application of everything from mobility, cloud and in-memory computing to big data and beyond. At SAP, we are proud to work together with the government to transform vision in these areas into reality, and help shape a better future for businesses, organisations and individuals alike.” Samer Abu Ltaif, Microsoft Gulf Regional General Manager said : “Microsoft is proud to be participating in the upcoming Government Summit in UAE as we believe there is great potential for global knowledge exchange through this platform. At Microsoft, we know that technology has the ability to improve the quality of life, making the day-to-day tasks of citizens easier and thus contributing to their overall well-being which is the ultimate aim of government modernization. Microsoft is committed to serving the vision and plan of the leadership to support this modernization through providing solutions to build innovative applications in-line with the Mobile Government Initiative activated in 2013..” The 2014 Government Summit will bring together government and business leaders, and subject matter experts, to collaborate on new and innovative ways to make governments around the world even more responsive and accessible to the people they serve. More»
Amwal Al Ghad English - 2014-02-10 07:31:15
The U.N. nuclear agency said on Sunday that Iran had agreed to start addressing suspicions that it may have worked on designing an atomic weapon, a potential breakthrough in a long-stalled investigation into Tehran's atomic activities. The development - although limited for now - marked a step forward in an international push to settle a decade-old dispute over Iran's nuclear program. Tehran says this is peaceful, while the West fears that Iran wants to develop atomic arms. The deal could also send a positive signal to separate, high-stakes negotiations between Iran and six world powers which are due to start on February 18 in Vienna, aimed at reaching a broader diplomatic settlement with the Islamic state. Efforts to end years of hostile rhetoric and confrontation that could otherwise trigger a new war in the Middle East gained momentum with last year's election of a relative moderate, Hassan Rouhani, as new Iranian president on a platform to ease Iran's international isolation. The International Atomic Energy Agency said Iran had agreed during talks in Tehran to take seven new practical measures within three months under a November transparency deal with the IAEA meant to help allay concern about the nuclear program. More»
Amwal Al Ghad English - 2014-02-09 11:30:57
Under the patronage of Sheikh Mohammed Bin Rashid Al Maktoum - Vice President and Prime Minister of the UAE and Ruler of Dubai; the Government Summit 2014 will kick off tomorrow Monday in Dubai to be from February 10-12. The world's most respected government and business leaders, decision makers, executives and experts will gather for the 2nd annual UAE Government Summit. More than 60 international speakers will lead comprehensive and insightful sessions on ways to shape the future of government services that meet and exceed the expectations of citizens and promote their happiness. The Summit strengthens international cooperation between public and private sectors. “The Government Summit has underlined its global credentials by hosting an elite line-up of international speakers including high-level government officials and key decision-makers, who will lead an interactive discussion agenda to further enhance government services around the world,” said Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs, and Head of the Organising Committee for the Government Summit. Al Gergawi said the Summit, which is the largest of its kind in the world, reflects the vision of Sheikh Mohammed on the future of government services which leverages the power of advanced technology and smart services, in addition to strengthening closer collaboration between the public and private sector to deliver excellence in government service delivery, and achieve the UAE Vision 2021. On the first day of the Summit, Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, will launch the “Dubai Government 2021” initiative. Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman, will launch the development strategy of Ajman on the third day of the Summit. Also on the first day, Lieutenant General Sheikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Interior Minister, will address a key session on “exceptional leadership”. Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, will address the main session on the second day on “partnership and innovation in delivering government services.” Professor Klaus Schwab, president and founder of the World Economic Forum will deliver the keynote speech at the opening of the Summit. William Danvers, Deputy Secretary General of the Organisation for Economic Cooperation and Development, will also deliver a keynote address on the same day. The Summit’s technology partnerships reflect the level of commitment demonstrated by these global giants, and highlight the key role that the private sector can play in advancing innovation and creativity in government services, making them more customer-centric, especially in line with the transformation towards m-government smart services. Mohammed Amin, Senior Vice President  at EMC Turkey, Eastern Europe, Africa and Middle East said: “In view of the direction of UAE leadership to drive the different government agencies towards m-Government services, we are proud to sponsor the Government Summit 2014 and contribute to the transformation of the UAE government towards mobile services. We believe Mobility is one of the key trends that are charging the dynamics of IT and we are confident that our solutions in this space will help government organizations transform and create the agility needed for the new applications and new customer experiences.” Sam Alkharrat, Managing Director at SAP MENA, said:“These are exciting times in the UAE. M-government initiatives are picking up pace, smart city plans are set to deliver new and increasingly sustainable standards of living, and Expo 2020 is accelerating investment and innovation across the board. Changes of this magnitude can only take place with strong leadership and technological vision, and the UAE is already preparing to reinvent itself through scaling up its adoption and application of everything from mobility, cloud and in-memory computing to big data and beyond. At SAP, we are proud to work together with the government to transform vision in these areas into reality, and help shape a better future for businesses, organisations and individuals alike.” Samer Abu Ltaif, Microsoft Gulf Regional General Manager said : “Microsoft is proud to be participating in the upcoming Government Summit in UAE as we believe there is great potential for global knowledge exchange through this platform. At Microsoft, we know that technology has the ability to improve the quality of life, making the day-to-day tasks of citizens easier and thus contributing to their overall well-being which is the ultimate aim of government modernization. Microsoft is committed to serving the vision and plan of the leadership to support this modernization through providing solutions to build innovative applications in-line with the Mobile Government Initiative activated in 2013..” The 2014 Government Summit will bring together government and business leaders, and subject matter experts, to collaborate on new and innovative ways to make governments around the world even more responsive and accessible to the people they serve. More»
Amwal Al Ghad English - 2014-02-06 10:42:52
United Nations Secretary-General Ban Ki-moon said on Thursday he was confident Syria would meet a June 30 deadline to eliminate its entire chemical weapons program under a US-Russian plan. Syria has missed a February 5 deadline to hand over its stockpile of chemical weapons, prompting fears it could fail to fulfill on time the plan which helped avert a U.S.-led missile strike against President Bashar al-Assad's government. "About these chemical weapons, I believe the process has been moving on rather smoothly even though there have been some delays," Ban told reporters after addressing a meeting of the International Olympic Committee in the Russian city of Sochi. "Our target is June 30 this year. This may be a very tight target, but I believe that it can be done with the full support of the Syrian government," said Ban, who will attend the opening of the Winter Olympics in Sochi on Friday. The agreement on the destruction of Syria's chemical weapons was reached after a sarin gas attack near Damascus last year killed hundreds of civilians. Damascus blames delays in implementation of the plan on security problems and the threat of rebel attacks as the weapons are transported out of Syria. The Syrian government has requested additional armor and communications equipment but the United States and the United Nations, which is jointly overseeing the destruction program with the Organisation for the Prohibition of Chemical Weapons, has said Syria has sufficient equipment to carry out the plan. Ban, who called for a truce in Syria during the Olympics, said he had received promises over the plan's fulfillment from Syrian Foreign Minister Walid al-Moualem last week during talks in Geneva. "He assured me that this chemical weapons destruction process will continue as scheduled," said Ban. More»
Amwal Al Ghad English - 2014-02-03 09:37:16
Three large explosions were heard in Yemen's capital Sanaa on Sunday, close to the defense ministry, the central bank and the former president's home, locals told Reuters. "The explosions were followed by heavy gunfire," a resident in the area said. Residents added that the third explosion occurred near former President Ali Abdullah Saleh's house which is also within close proximity to the French embassy. Security vehicles immediately raced to the third site of the blasts and blocked all access to the area, while an ambulance transported four injured on site, eyewitnesses told Reuters. The witnesses added that the blast near Saleh's home appears to have been caused by an implanted explosive device in the area. There was no immediate word on the total number of casualties or the cause of the blasts. One of the poorest countries in the Arab world, Yemen has been in turmoil since mass protests in 2011 forced long-serving Saleh to step down. In December last year, a suicide bomb and gun attack near the defense ministry killed 52 people. More»
Amwal Al Ghad English - 2014-02-03 09:31:03
Oman’s efforts aimed at building trade infrastructure and diversifying its economy will help the country become a major player in global trade, as well as a very competitive and low-cost producer of goods, according to Roberto Azevedo, director general of the World Trade Organization (WTO). The WTO chief was on a two-day visit to Oman last week, during which he met a number of officials, visited several factories, and met with many Omani businessmen to discuss topics of common concern. Azevedo’s Oman visit is his first to an Arab country since taking office last year. Addressing a press conference organised by the Ministry of Commerce and Industry on Thursday, Azevedo said, “Oman is destined to be an international trading partner for reasons that include its geographical position and determination to make itself a competitive and low-cost economy in terms of production of goods and services.” “Oman has the main ingredients to be not only an international player, but also a hub for trade and transit,” said Azevedo, adding, “Oman is already, and going to be an even more competitive producer of goods and services, as well as a low-cost producer, as energy costs are lower here and the labour market is not so heated. There are commodities to be produced here and plans for investments that will make these products very competitive worldwide.” More»
Amwal Al Ghad English - 2014-02-03 09:21:41
Etihad Airways PJSC, the third-largest Middle Eastern airline, will decide within 30 days whether to purchase a stake in ailing Italian carrier Alitalia SpA to extend its strategy of funneling traffic through Abu Dhabi. Etihad has entered the final stage of due diligence on a possible investment in Alitalia SpA, it said in a statement today, citing Chief Executive Officer James Hogan and Alitalia counterpart Gabriele Del Torchio. The airlines and advisers are working on a joint strategy, according to the statement. “From Alitalia’s perspective, this would definitely be a shot in the arm for a carrier that has struggled for a while now,” said Sidanth Rajagopal, a Dubai-based partner at Clyde & Co. “Getting the best practices of Etihad and the money will be good for the airline.” Italy’s Prime Minister Enrico Letta is visiting the United Arab Emirates and will speak in a press conference in Abu Dhabi this evening, where he may address the talks. Etihad, which made a series of minority investments in carriers spanning Ireland to Australia as part of its growth strategy, said it was in talks with Alitalia, declining to give more details. Any issues that may prevent establishing an appropriate business plan “will have to be resolved to ensure the plan can be implemented to move Alitalia to sustainable profitability,” the statement said. Etihad is considering a cash contribution of about 300 million euros ($405 million) to unprofitable Alitalia, people familiar with the talks have said. Air France, which owned 25 percent of Alitalia, late last year declined to invest further when Alitalia was seeking to raise funds, saying the Italian carrier hadn’t met its conditions. Air France (AF) declined to comment on Etihad’s announcement. More»
Amwal Al Ghad English - 2014-02-03 08:33:36
The United Arab Emirates has summoned the Qatari ambassador and issued a letter of protest in response to criticism by Doha-based cleric Yusuf al-Qaradawi. “The Emirates goes against every Islamic government and punishes its members and puts them in prison,” Qaradawi said in a Friday sermon last month. Egyptian-born Qaradawi, who holds a diplomatic passport and has close ties with Qatari royals, has expressed support for the Muslim Brotherhood. “We waited for the government to reject his comments and to provide an explanation,” yet nothing was forthcoming, Anwar Gargash, the U.A.E. minister for foreign affairs, said in a statement on state-run news agency WAM. The U.A.E. sentenced 30 people to jail last month for setting up a branch of the Muslim Brotherhood in the country. Last year it sentenced 69 Islamists for threatening the nation’s sovereignty as part of its crackdown on groups that it says have been emboldened by the so-called Arab Spring. “The spat has to do with Qatar’s continued support for the Muslim Brotherhood in the region,” Theodore Karasik, director of research at the Institute for Near East and Gulf Military Analysis in Dubai, said by phone. Qatar’s foreign minister Khalid bin Mohammad Al Attiyah said yesterday in a televised interview that al-Qaradawi’s comments don’t represent the country’s official foreign policy, which is distributed through the official channels of the state, the Qatar News Agency reported yesterday. In Egypt, Qatar was a prime supporter of the Muslim Brotherhood in Egypt, extending about $8 billion in Mohamed Morsi’s year in power. Since the army stripped the Brotherhood’s Mursi of the presidency last year, the U.A.E. has provided financial and political support to Egypt. More»