amwalalghad :: MENA News

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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 - 2014-02-06 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»
Amwal Al Ghad English - 2014-01-30 08:31:11
Syria has given up less than 5 percent of its chemical weapons arsenal and will miss next week's deadline to send all toxic agents abroad for destruction, sources familiar with the matter said on Wednesday. The deliveries, in two shipments this month to the northern Syrian port of Latakia, totalled 4.1 percent of the roughly 1,300 tonnes of toxic agents reported by Damascus to the Organisation for the Prohibition of Chemical Weapons (OPCW), said the sources, who spoke on condition of anonymity. "It's not enough and there is no sign of more," one source briefed on the situation said. The internationally backed operation, overseen by a joint OPCW-United Nations mission, is now 6-8 weeks behind schedule. Damascus needs to show it is still serious about relinquishing its chemical weapons, the sources told Reuters. The issue is to be discussed at a meeting of the OPCW's executive council on Thursday in The Hague, a senior U.S. State Department official told Reuters. The meeting will focus on the lack of progress and confirm that no more than 5 percent of the chemical weapons material has been removed from Syria, the official said, speaking on condition of anonymity. More»
Amwal Al Ghad English - 2014-01-28 07:47:37
Israel's separation barrier could soon destroy the livelihoods and redraw the demographics of two Palestinian villages south of Jerusalem, locals say, should an imminent court ruling approve its planned route. The barrier -- in parts an eight-metre-high (25-foot) concrete wall -- would cut through ancient irrigation systems relied upon by the West Bank village of Battir, separate residents of nearby Beit Jala from their olive groves and divide a local Christian community. The Supreme Court rules on Wednesday whether to approve the defence ministry's planned route, after a flurry of petitions by locals and activists pleading to redirect it. The ministry insists the barrier, whose construction began in 2002 during the bloody second Palestinian intifada (uprising) and which now snakes some 440 kilometres through the West Bank, is essential for Israeli security. But in Battir, which straddles the 1949 armistice line south of Jerusalem, the barrier threatens the livelihoods of a 5,000-strong Palestinian community that depends on a Roman-era irrigation system, residents say. The ancient system channels water from natural springs down stone terraces and through sluice gates to water villagers' orchards and gardens. "The building of the wall will destroy parts of the water system that has been here for 2,500 years, including the stone channels that lead to the village," said Akram Badr, head of Battir village council. More»
Amwal Al Ghad English - 2014-01-26 08:23:38
South Sudan’s government and rebel forces accused each other of violating a cease-fire that was supposed to suspend a five-week conflict that has killed thousands of people and driven half a million from their homes. Rebels attacked South Sudan’s army near Bor, the capital of Jonglei, and south of Malakal in Upper Nile state, military spokesman Philip Aguer said yesterday. Armed groups have “not respected the cease-fire,” continuing to attack government positions, Aguer said in a phone interview from Juba. “We are puzzled whether these groups are under the same body that signed for peace in Addis or they’re operating under different orders.” Rebel army spokesman Lul Ruai Koang, in turn, blamed the military and Ugandan troops for attacking insurgents near Bor yesterday. “The government violated the cessation of hostilities agreement for the second consecutive day,” he said in a text message. The warring parties agreed to halt the fighting within 24 hours of a cease-fire accord mediated by East African nations, which they signed the evening of Jan. 23 in the Ethiopian capital, Addis Ababa. Both sides were responsible for “mass atrocities,” United Nations Assistant Secretary-General for Human Rights Ivan Simonovic said on Jan. 17 after a four-day visit to the country. The UN in South Sudan is ready to “provide critical support” to the cease-fire monitoring process that is “essential for the implementation’ of the truce, Farhan Haq, a spokesman for the United Nations Secretary-General, said in an e-mailed statement Jan 24. More»
Amwal Al Ghad English - 2014-01-26 08:20:39
Representatives of Syria’s government and opposition forces sat at the same table yesterday for the first time since the start of peace talks hosted by the United Nations, speaking to each other through a mediator. The focus of the talks was the humanitarian situation in the central city of Homs, Lakhdar Brahimi, the Algerian official leading the UN mediation effort, said at a news conference in Geneva. The opposition said earlier it will offer the regime of President Bashar al-Assad a cease-fire in the city, which is under government siege. About 4,000 people remain trapped there, according to the UN. Brahimi said the ultimate goal is for a convoy of aid, including food, non-food and medical items, to be allowed into the city by Jan. 27. Discussions tomorrow will center on the release of prisoners, he said. Starting with humanitarian issues is a prelude to “the people getting accustomed to talking to each other,” Brahimi said. “We hope that will be easier.” “If we achieve success on Homs, we hope that this would be the beginning to discuss other issues,” he said. The UN is leading international efforts to bring an end to Syria’s three-year civil war, which has killed at least 130,000 people and caused 2.4 million to flee their homeland. More»
Amwal Al Ghad English - 2014-01-26 08:17:28
Israeli Prime Minister Benjamin Netanyahu says the benefits of opening the country’s cyber industry to foreign partnerships can balance out security risks. “There is tension” between security and business, he said in a Bloomberg Television interview in Davos, Switzerland, on Jan. 24. “I made a decision to take a gamble on expanding our cyber cooperation with companies and countries.” Netanyahu’s comments suggest he may seek to loosen export licensing restrictions on cyber-related technologies after a stronger shekel and a faltering global economy led to a decline in the country’s sales abroad last year. Israel’s chief scientist, who runs a government project that invests in startups, last year urged an export policy reform that would balance national security needs with that of the industry. “If you really want to extend the benefits of cyber security, then you need partners,” said Netanyahu, without directly commenting on the export policy. He met with heads of state and the chief executive of Yahoo! Inc. during his three days at the World Economic Forum in Davos last week. Israel already has companies like Check Point Software Technologies Ltd. (CHKP), that trades in New York with a market value of $13 billion, and software security company Trusteer Inc. that International Business Machines Corp. bought for about $800 million last year. More»