amwalalghad :: MENA News

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        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        Canal Shipping Agencies   7.39        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        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 - 2015-12-24 08:13:38
The UN Security Council gave its backing Wednesday to the new national unity government in embattled Libya, a move it hopes will help stem mass migration to Europe and reverse gains made by jihadists from the Islamic State group. The 15-nation council gave its support to the deal signed last week in the Moroccan town of Skhirat between representatives of strife-torn Libya's two competing regimes. Britain's ambassador to the United Nations, Matthew Rycroft, presented the motion, which he said represents a "strong collective sign of our commitment to Libya's sovereignty, territorial integrity and national unity." "This is just the start of a process to deliver a prosperous and stable future for all Libyans," Rycroft declared. "We urge all those who have not yet signed to decide now to support the agreement and to work with the government of national accord." The United Nations envoy to Libya, Martin Kobler, is now working on arrangements to allow the unity government to safely set up shop in Tripoli, which is under the control of militia fighters. "I encourage those who are not yet on board to join -- the door is wide open," said Kobler after the UN vote, adding that a top priority of the new unified government will be "the fight against Daesh, the threat of Daesh" which he said is expanding toward the east, west and south of Libya. Kobler employed the Arabic acronym used by many to refer to the jihadist Islamic State group, also known by the acronyms "ISIL" and "ISIS." Libya has been in chaos since the 2011 uprising that toppled dictator Moamer Kadhafi, with armed factions battling for territory and control of its oil wealth. Its internationally recognized government was expelled from Tripoli in August 2014 and is based in the east of the country, while another Islamist-backed body holds the capital. On December 17, under UN guidance, envoys from both sides and a number of independent political figures signed a deal to unify the government. Around 80 of 188 lawmakers from Libya's internationally recognized parliament and 50 of 136 members of the rival Tripoli-based General National Congress signed the deal. The agreement calls for a 17-member government, headed by businessman Fayez el-Sarraj as premier, based in the Libyan capital. A presidential council would also serve for a transitional period of two years until legislative elections. International officials expect the new government, once installed, to have the authority to request international assistance -- perhaps even military intervention -- to counter the growing threat from IS, which has seized a pocket of territory around Kadhafi's hometown of Sirte. More»
Amwal Al Ghad English - 2015-12-24 07:41:46
Syria is ready to take part in peace talks in Geneva and hopes that the dialogue will help it form a national unity government, Syrian Foreign Minister Walid al-Moualem said on Thursday during a visit to Beijing. The U.N. Security Council last Friday unanimously approved a resolution endorsing an international road map for a Syrian peace process, a rare show of unity among major powers on a conflict that has claimed more than a quarter of a million lives. The U.N. plans to convene peace talks in Geneva toward the end of January. Moualem, who spoke to reporters in English, said he had told Chinese Foreign Minister Wang Yi that Syria was "ready to participate in the Syrian-Syrian dialogue in Geneva without any foreign interference". "Our delegation will be ready as soon as we receive a list of the opposition delegation," he said. "We hope that this dialogue will be successful to help us in having a national unity government," Moualem said, standing next to Wang at the Chinese Foreign Ministry. "This government will compose a constitutional committee to look for a new constitution with a new law of election so the parliamentary election will be held within the period of 18 months, more or less." Friday's resolution gives U.N. blessing to a plan negotiated earlier in Vienna that calls for a ceasefire, talks between the Syrian government and opposition and a roughly two-year timeline to create a unity government and hold elections. But the obstacles to ending the war remain daunting, with no side in the conflict able to secure a clear military victory. Despite their agreement at the United Nations, the major powers are bitterly divided on who may represent the opposition as well as on the future of Syrian President Bashar al-Assad. More»
Amwal Al Ghad English - 2015-12-24 07:18:03
A pre-dawn fire at a hospital in Saudi Arabia's southwestern port city of Jazan on Thursday killed 25 people and injured 107, the Saudi civil defense agency said in a statement. The fire at Jazan General Hospital broke out on the first floor, in the intensive care unit and the maternity ward, the agency said. The injured were transferred to private and general hospitals in the area. The fire was brought under control and an investigation into its cause was under way, the agency added. Photographs published on Twitter by the agency showed intense black smoke and an intense blaze which appeared to have severely damaged the interior of the hospital, a white-walled building of about three storeys. More»
Amwal Al Ghad English - 2015-12-23 08:32:30
The United Nations Security Council has unanimously approved a resolution demanding that all combatants in Syria allow the urgent delivery of desperately needed humanitarian aid to more than 13.5 million people. The resolution expresses "outrage" at the escalating violence in Syria and extends the authorization for cross-border aid deliveries without government approval until Jan. 10, 2017. More»
Amwal Al Ghad English - 2015-12-22 08:49:58
The “Islamic State” has lost 14 percent of the territory it held at the start of the year, suggesting the group may have overstretched. The Syrian Kurds have increased territory under their control by 186 percent. The IS “caliphate” in Syria and Iraq suffered a series of battlefield defeats over the past year that have reduced territory under its control, the military and defense think tank IHS Janes said in a report released on Monday. While IS made gains in the historic Syrian city of Palmyra and Ramadi, the capital of Iraq’s Anbar province, these gains came at the expense of losing large swaths of territory in northern Syria to the US-backed Syrian Kurds (pictured) and allied Arab forces, known at the Syrian Democratic Forces. In order to take and hold Palmyra and Ramadi, IS had to redeploy fighters from the Kurdish front, IHS said. “This indicates that the Islamic State was overstretched, and also that holding Kurdish territory is considered to be of lesser importance than expelling the Syrian and Iraqi governments from traditionally Sunni lands,” said Columb Strack, senior Middle East analyst at IHS. “The Kurds appear to be primarily an obstruction to the Islamic State, rather than an objective in themselves,” he added. Losses in the north along the border with Turkey included the strategic border town of Tal Abyad after Syrian Kurds took to the offensive with US air support following the failed IS siege of Kobane. Syrian Kurdish gains have effectively cut IS off from a large sections of the Turkish border it once controlled, dealing a blow to the group’s financing and logistics to its self-declared capital Raqqa. “We had already seen a negative financial impact on the Islamic State due to the loss of control of the Tal Abyad border crossing prior to the recent intensification of airstrikes against the group’s oil production capacity,” said Strack. In Iraq, the militant Sunni group also lost Tikrit, the Baiji refinery and the main road between Raqqa and Mosul during an Iraqi Kurdish offensive to retake Sinjar. Territory around Ramadi, where an Iraqi Army and Shiite militia offensive is underway, has also been taken back. More»
Amwal Al Ghad English - 2015-12-21 08:39:23
Yemen's much-violated ceasefire will be extended for seven days after it officially expires Monday, the head of the government negotiation team said Sunday at UN-brokered talks in Switzerland. More»
Amwal Al Ghad English - 2015-12-20 09:20:13
President Vladimir Putin has said Russia's unwavering position on the crisis in Syria, where it has steadfastly resisted calls for Bashar al-Assad's ouster, has facilitated its negotiations with both Washington and Damascus on the issue. "We find it easy to work with both (Syrian President Bashar) al-Assad and the American side," Putin said in the trailer of an upcoming television documentary released Saturday. "We don't suck up to anybody, nor do we change our position." Putin did not elaborate on the specifics of Russia's cooperation with the US and Syria in the trailer, which contained a segment of an interview filmed last week following the Russian leader's annual press conference. The full documentary, entitled "World Order", will be aired Sunday night on Russian state television. More»
Amwal Al Ghad English - 2015-12-20 09:07:54
Pakistan's Taliban have rejected ISIS leader Abu Bakr al-Baghdadi's claim to be the global leader of all Muslims, the movement said in a statement seen by Reuters on Saturday. The Pakistani Taliban's statement comes after a similar rejection by the Afghan Taliban following pledges of allegiance from low-level commanders of both radical Islamist movements to the Middle East-based Islamic State (ISIS). Last year, ISIS, an al Qaeda offshoot, proclaimed its leader as "caliph" - the head of the state. Al-Baghdadi aspires to establish a global caliphate with himself at its head. The latest statement from the Pakistani Taliban comes amid speculation that the movement's leadership, whose goal is to topple the government of prime minister Nawaz Sharif and set up a sharia state, is actually wary of ISIS, which is driven by different ambitions that have little to do with South Asia. "Baghdadi is not Khalifa (caliph) because in Islam, Khalifa means that he has command over all the Muslim world, while Baghdadi has no such command; he has command over a specific people and territory," the Pakistan Taliban said in a statement. "Baghdadi is not a Islamic Khalifa because his selection is not according to Islamic rules," the statement said, adding that the ISIS leader had little control in Muslim countries like Egypt, Libya, Yemen and Afghanistan. The Pakistani Taliban operate separately from the Afghan insurgents of the same name, but are loosely aligned with them. Late last year, a few breakaway factions of the Pakistani Taliban declared allegiance to ISIS and ordered militants across the region to join its campaign to set up "a global Islamic caliphate." Pakistani authorities say ISIS has no financial ties with any Pakistani group. But there are concerns about further turmoil in the region as U.S.-led foreign troops withdraw from Afghanistan, with groups like the Haqqani network and ISIS likely to exploit the security vacuum. The entry of ISIS, while its numbers remain small, will also complicate Pakistan's fight against indigenous Islamist militants fighting to overthrow the government. More»
Amwal Al Ghad English - 2015-12-20 08:33:34
A UN-backed roadmap to end the Syrian war was met with scepticism Saturday by members of the country's fractured opposition who insist President Bashar al-Assad must go to achieve peace. The US and Russian initiative, unanimously approved by the UN Security Council on Friday, foresees talks between the rebels and the regime and a rapid ceasefire, perhaps even next month. But the plan was described as unrealistic by the Istanbul-based National Coalition, the main Syrian opposition grouping. The resolution "undermines the outcome of the meetings of revolutionary forces in Riyadh and waters down previous UN resolutions concerning a political solution in Syria," coalition head Khaled Khoja said on Twitter. Fellow coalition member Samir Nashar said bombing by the regime and Russia must stop for there to be a sustainable ceasefire. "Given the reality on the ground and the impasse on the fate of Bashar al-Assad, the agreement is absolutely not applicable," he said. The Security Council met after the latest round of talks by the International Syria Support Group (ISSG), which had gathered in New York to renew its push for peace. "In January we hope and expect to be at the table and to be able to implement a full ceasefire," US Secretary of State John Kerry told reporters. "And that means all the barrel bombs will stop, all the bombing, all the shooting, all the attacks on either side." The United States and Arab allies remain convinced Assad must leave office as part of the process, but his allies Moscow and Tehran insist this is a decision for the Syrian people. The resolution does not touch on this vital issue. "We often hear the argument that without resolving the Assad question, it is impossible to truly coordinate in the fight against terrorism," Russian Foreign Minister Sergei Lavrov said. "This is a dangerous logic, a dangerous approach," RIA Novosti news agency quoted him as saying. Kerry -- who has "agreed to disagree" with Moscow on Assad's fate -- emphasised that victory over the Islamic State group hinges on a peaceful settlement in the broader Syrian civil war. "We know that Daesh can never be allowed to gain control in Syria so we have a global imperative here to deal with a terrorist entity but also to end the civil war," he said, using an Arabic acronym for ISIS. "President Assad in our judgement... has lost the ability, the credibility to be able to unite the country and to provide the moral credibility to be able to govern it." But experts nevertheless see a narrowing of differences between the major powers. "The West and Russia's position are coming closer together," Alexander Baunov, a political analyst at the Carnegie Moscow Center, told AFP. More»
Amwal Al Ghad English - 2015-12-20 08:16:54
An Israeli air raid has killed a senior figure in the Lebanese Shia militant group Hezbollah, Samir Kuntar, near the Syrian capital, the group said. Kuntar was convicted by Israel of the 1979 murder of three civilians, including a little girl, but was freed in 2008 as part of a prisoner swap. More»