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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        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        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        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        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 - 2014-05-22 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»
Amwal Al Ghad English - 2014-05-20 07:59:03
Sheikh Hamad bin Jassim bin Jabr Al Thani, who played a key role in Glencore International Plc (GLEN)’s takeover of Xstrata Plc, is returning to dealmaking a year after his ouster as prime minister and head of Qatar’s sovereign wealth fund. Sheikh Hamad is injecting 1.75 billion euros ($2.4 billion) into Deutsche Bank AG through his Paramount Holdings Services Ltd. investment vehicle, the Frankfurt-based bank said May 18. That follows an offer by his Al Mirqab Capital SPC vehicle for Jersey-based Heritage Oil Plc. less than three weeks earlier. After taking what he called a “year of rest” since leaving office, Sheikh Hamad is back as a private investor, hunting for acquisitions such as the investments in Barclays Plc (BARC) and Total SA he helped oversee as head of Qatar’s $100 billion wealth fund. The country’s investment abroad averaged $60 billion a year between 2008 and 2012, the International Monetary Fund said last year. “Much of what we saw from Qatar’s sovereign wealth fund in the past decade was due to Sheikh Hamad’s business acumen,” Theodore Karasik, a political analyst and director of research at the Institute for Near East and Gulf Military Analysis in Dubai, said in a telephone interview yesterday. “In the near future, we’ll see more and more activity by him.” More»
Amwal Al Ghad English - 2014-05-19 06:02:16
Heavily armed gunmen stormed Libya's parliament on Sunday demanding its suspension and claiming loyalty to a renegade army general who has vowed to purge the country of Islamist militants. Smoke rose over parliament after gunmen attacked and then withdrew, and gunfire erupted across Tripoli, where rival militias clashed in some of the worst violence in the city since the end the 2011 war against Muammar Gaddafi. Details of who was involved Sunday's chaotic attack were unclear, but loyalists of retired General Khalifa Haftar said his forces and militia allies had planned the parliament assault in a campaign to rid Libya of Islamist hardliners. Any alliance of militias lining up against Islamist groups threatens to deepen chaos in the OPEC oil producer where a fragile government already struggles to gain legitimacy and impose authority over brigades of former fighters. "We announce the freezing of the GNC," said Colonel Mukhtar Fernana, a former military police officer from the Zintan region, reading out a statement on al-Ahrar TV. More»
Amwal Al Ghad English - 2014-05-06 09:16:57
About 30 Syrian government fighters were killed when rebels set off a bomb in a tunnel beneath a checkpoint in a northwestern province, activists said on Tuesday. Videos and images posted by opposition supporters online showed a massive plume of smoke and earth shooting into the air near a small town as men shouted "Allahu akbar" (God is greatest). Rebels fighting to overthrow President Bashar al-Assad regularly carry out guerrilla attacks against his forces, but the size of the blast, which occurred on Monday, was unusual. The Syrian Observatory for Human Rights, a Britain-based monitoring group, said the blast took place outside the town of Ma'arat al-Nu'man in the northwestern Idlib province. At least two officers were among those killed when insurgents from the Islamic Front and the Shields of the Revolution Council set off tons of explosives in a tunnel running from the road to the checkpoint, the group said. More than 150,000 people have been killed in the three-year-old rebellion, which started as a peaceful protest movement and turned into a civil war after a government crackdown. International powers have been deadlocked over how to resolve the conflict, further complicated by infighting between rebel groups that has killed thousands of fighters this year. On Monday about 70 rebels were killed in clashes between a former al Qaeda affiliate, the Islamic State of Iraq and the Levant, and al Qaeda's Syrian branch, the Nusra Front, and its allies in an eastern province bordering Iraq, the Observatory said. The fighting, which has intensified in the last few weeks, centers around villages on the outskirts of the city of Deir al-Zor, capital of the oil-producing province of the same name, where rebel groups have been fighting each other for control of oilfields and strategic areas. The latest clashes has displaced tens of thousands of people in the area over the last few days, the Observatory said. Five civilians were killed in Monday's fighting, which resulted in the Nusra Front and its allies taking control of the village of al-Sabha, it said. More»
Amwal Al Ghad English - 2014-05-04 08:19:29
Tunisia's next presidential and parliamentary elections will probably be held in the second half of November, the election agency chief said on Saturday, about polls that will mark the country's final step towards full democracy. Tunisia's often turbulent political transition began after an 2011 uprising that ousted autocrat Zine El-Abidine Ben Ali and inspired the "Arab Spring" revolutions across the region. Since then, Tunisia has been led by a caretaker government and has adopted a new constitution. But the transition process has been threatened by a crisis between ruling Islamists and secular opposition parties that has at times turned violent. Islamist party Ennahda rose to power in the first election after the uprising, held in October 2011, and Tunisia, one of the Arab world's most secular countries, has struggled with growing divisions over the role of Islam in politics. Chafik Sarsar, head of the Instance Superieure Independante pour les Elections (ISIE), told Reuters he would propose next week that the elections be held November 16 or November 23. "There is a strong probability that the elections will be the third or fourth Sunday of November in the case that the presidential and parliamentary votes are together," he said. Tunisian lawmakers are due to meet next week to decide whether or not to hold the two votes on the same day. "We don't really have much choice because time is running out," Sarsar said, referring to a previous agreement to hold the elections this year. He said a less likely option would be to split the two elections and to hold the first in the last week of October. "The final date should be finalized in a week or so after the political parties hold their national dialogue over the next week," he said. TRANSPARENCY Tunisia has mostly managed to overcome post-revolt turmoil, unlike Libya, Yemen and Egypt which still struggle with unrest and political instability after toppling their leaders in 2011. Ennahda and rivals Nidaa Tounes alliance managed to compromise to pass the constitution and finish a new electoral law which cleared the way for ISIE to set a date for elections -- the second since the 2011 uprising. Those two political blocks are expected to lead in the election. Ennahda won most seats in the first vote after Ben Ali's fall, but Nidaa Tounes has since become a rallying point for opposition parties. Sarsar said the vote's transparency would be guaranteed by the new electoral law and by more than 1,000 international observers who had been invited to monitor the ballot. With its political transition well on track, Tunisia's government has turned its attention to two major challenges: taking on high public spending, and battling Islamist militants who threaten attacks. But the electoral chief said Tunisian authorities were prepared to counter any increased risk of violence during the elections. "There are risks that are more elevated this time," he said. "One can see in Egypt, Libya and Iraq the attacks against polling stations, so we have to avoid that risk." More»
Amwal Al Ghad English - 2014-04-26 07:31:38
The United States is quietly expanding the number of intelligence officers in Iraq and holding urgent meetings in Washington and Baghdad to find ways to counter growing violence by Islamic militants, U.S. government sources said. A high-level Pentagon team is now in Iraq to assess possible assistance for Iraqi forces in their fight against radical jihadists from the Islamic State of Iraq and the Levant (ISIL), a group reconstituted from an earlier incarnation of al Qaeda, said two current government officials and one former U.S. official familiar with the matter. The powerful ISIL, which seeks to impose strict sharia law in the Sunni majority populated regions of Iraq, now boasts territorial influence stretching from Iraq's western Anbar province to northern Syria, operating in some areas close to Baghdad, say U.S. officials. Senior U.S. policy officials, known as the "Deputies Committee," met in Washington this week to discuss possible responses to the deteriorating security outlook in Iraq, said a government source, who spoke on condition of anonymity because of the sensitivity of the subject matter. The source did not know the outcome of the meeting. More»
Amwal Al Ghad English - 2014-04-23 07:55:57
Chlorine gas attacks in Syria this month, if proven, expose a major loophole in an international deal to remove chemical weapons from the war-torn country and suggest chemical warfare could persist after the removal operation has finished. President Bashar al-Assad agreed with the United States and Russia to dispose of his chemical weapons - an arsenal that Damascus had never previously formally acknowledged - after hundreds of people were killed in a sarin gas attack on the outskirts of the capital last August. Washington and its Western allies said it was Assad's forces who unleashed the nerve agent, in the world's worst chemical attack in a quarter-century. The government blamed the rebel side in Syria's civil war, which is now in its fourth year. Syria has vowed to hand over or destroy its entire arsenal by the end of this week, but still has roughly 14 percent of the chemicals it declared to the Organisation for the Prohibition of Chemical Weapons (OPCW). In addition, chlorine gas that was never included on the list submitted to the OPCW is now allegedly being used on the battlefield, leading some countries to consider requesting an investigation, possibly through the United Nations. More»
Amwal Al Ghad English - 2014-04-21 13:08:47
Syria will hold presidential elections that are expected to return President Bashar al-Assad to office on 3 June, the country's parliamentary speaker said on Monday. Syria's first presidential election -- after constitutional amendments did away with the old referendum system -- will be held amid a devastating civil war that has killed more than 150,000 people, with rebels holding large swathes of territory. "Elections for the president of the Syrian Arab Republic for Syrians resident in the country will be held on June 3 from 7:00 am to 7:00 pm," Mohammad al-Lahham said during a special session of parliament. Voting for Syrians living outside the country will take place on 28 May, he added, saying candidates for the presidency could register to run from Tuesday until 1 May. Assad, whose term ends on 17 July, is widely expected to run and win another seven-year term in office despite the conflict. New election rules require candidates to have lived in Syria for the last decade, effectively preventing key opposition figures in exile from standing for office. More than 150,000 people have been killed in the fighting in Syria since March 2011, according to the Syrian Observatory for Human Rights. The conflict, which began with peaceful protests against Assad's government, has also displaced nearly half of Syria's population inside and outside the country. The government has not laid out how it plans to hold elections under the circumstances. More»
Amwal Al Ghad English - 2014-04-19 08:59:48
Algerian President Abdelaziz Bouteflika, the independence veteran in power for 15 years, won re-election on Friday with more than 80 percent of a vote opponents dismissed as fraud to keep an ailing leader in power. Bouteflika had cast his vote sitting in a wheelchair on Thursday in what was a rare public appearance since suffering a stroke last year that raised questions about stability in the North African OPEC oil-exporting state. The Algerian leader, 77, was already widely expected to win with the backing of the powerful ruling Front de Liberation Nationale (FLN) party, which has dominated the political system since independence from France in 1962. Preliminary official results showed Bouteflika had won with 81.53 percent of the vote, Interior Minister Tayeb Belaiz told a news conference. His nearest rival, Ali Benflis, won 12.18 percent, and national turnout was 51.7 percent. "The victory confirms Bouteflika can give more to Algerians in the next five years," his former premier Abdelmalek Sellal told a press conference, with a framed portrait of Bouteflika placed on a stand next to him. In downtown Algiers, groups of young supporters waved the president's pictures, honked car horns and set off fireworks in celebrations of his victory. But the aging leader's health has left more questions about possible transition in Algeria, who would replace him should he fall ill in his fourth term, and how far the new government will go towards introducing political and economic reforms. Stability is key for Western governments allied with Bouteflika against Islamist militants in the Maghreb and keen to secure Algerian gas shipments to Europe especially with Ukraine's crisis threatening Russian supplies. Bouteflika did not campaign himself, but loyalists praise him for guiding Algeria out of a 1990s war with Islamists that killed 200,000 people. That conflict left many Algerians wary of the turmoil that has swept neighbouring Tunisia, Egypt and Libya since their "Arab Spring" revolts in 2011. Six opposition parties boycotted Thursday's vote, saying it would not reform a system mostly closed to change since the FLN's one-party rule in the early post-independence years. Benflis, a former FLN chief and once a Bouteflika ally, called the vote a fraud and refused to accept the results. But he gave little evidence and the government dismissed his claims. Bouteflika won 90 percent of the vote in 2009 and 85 percent in 2004, when his main rival then, Benflis, alleged fraud on an "industrial" scale. SHOCKING IMAGE Many Algerians believe rival clans of FLN leaders and army generals - generally known as "Le Pouvoir" or "The Power", in French - have long tussled over politics in behind-the-scenes deals and see themselves as guardians of stability. Since his illness, Bouteflika's allies have transferred or fired several influential army generals and managed to limit the influence of the chief of the DRS military intelligence service who was often a political kingmaker. How those political rivalries may re-emerge depends on Bouteflika's state of health, who replaces him and how his allies manage any transition. But most analysts see little turbulence in the near term. Bouteflika in the past had said it was time for his generation to step aside, but his appearance in a wheelchair at a polling station on Thursday was a striking image for many Algerians who have seen him only rarely since his illness. "It's sad that in a country where 70 percent of the people are young we don't have the chance of choosing someone else," said Algiers resident Salim. "We have nothing against the man, but four mandates, a wheelchair, it's just too much." Algeria mostly escaped the "Arab Spring" unrest that has toppled long-standing leaders in the region since 2011. Some Algerians point to the 1980s when the FLN opened up one-party rule to opposition and brought an Islamist party close to election victory. The FLN suspended the vote, and the country slipped into more than a decade of war. Riots and protests are common among younger Algerians frustrated over joblessness, a lack of economic opportunities and housing shortages. But widescale anti-government protests are rare in Algeria. A small movement, called Barakat or "Enough" in local dialect, emerged after Bouteflika's re-election bid to call for peaceful change, though its numbers were limited. With around $200 billion in foreign reserves from energy sales, the Algerian government spent heavily - especially since 2011 - on subsidies, cheap credits and housing to calm social protests and rioting over food prices. Even government supporters say that after years of state-controlled policies, the OPEC member state needs reforms to open up its economy to more foreign investment and attract more big oil operators to revive its stagnant energy production. More»
Amwal Al Ghad English - 2014-04-19 07:41:39
Prime Minister Tayyip Erdogan applied to Turkey's constitutional court on Friday to challenge the alleged violation of his and his family's rights by social media, a senior official in his office told Reuters. Erdogan's government blocked Twitter and YouTube in March, drawing international condemnation, after audio recordings, purportedly showing corruption in his inner circle, were leaked on their sites. The Twitter block was lifted earlier this month after the constitutional court ruled that it breached freedom of expression, a decision Erdogan has since said was wrong and should be overturned. YouTube remains blocked in Turkey. The senior official said Erdogan had made the application to the constitutional court via his lawyer in a complaint over the failure to implement court rulings requesting the removal of content violating his rights. The prime minister was seeking 50,000 lira ($23,500) compensation. Turkish officials held talks with a delegation from Twitter in Ankara this week to try to resolve the dispute. But there was no immediate deal to open a Twitter office in Turkey or for it to pay Turkish tax, two of Ankara's key requests. Access to Twitter was blocked on March 21 in the run-up to local elections to stem a stream of leaked wiretapped recordings. Erdogan said he would "root out" the network. More»