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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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        

Indices news

Oil Edges Lower As Saudi Crude Exports Fall, U.S. Cuts Drill Rigs

Published 2015-07-20 08:00:53| Amwal Al Ghad English

Oil prices edged lower on Monday as data showed Saudi Arabian exports fell to the lowest in five months despite record output, while a resurgence in U.S. drilling activity seen earlier this month seemed to fizzle out. Both international and U.S. crude futures posted their third consecutive weekly losses last week on expectations of increased exports from Iran following a deal to ease sanctions against the OPEC producer. Brent September crude was 14 cents lower at $56.96 a barrel by 0708 GMT. The benchmark fell nearly 3 percent last week and more than 10 percent for the month. U.S. crude futures, also known as West Texas Intermediate (WTI), were down 7 cents at $50.82 on Monday, after falling more than 3 percent last week and more than 14 percent in July. The August contract expires on Tuesday. Saudi Arabia's crude oil exports fell in May to their lowest since December, with official data showing daily shipments stood at 6.935 million barrels a day (bpd) compared with 7.737 million bpd in April.
Get To Know
Prime Minister - Sherif Ismail Sherif Ismail, a career engineering technocrat with no history of membership in political parties, was sworn in as Egypt's new prime minister before President Abdel-Fattah al-Sisi Saturday morning. Ismail, who avoids media spotlight and rarely speaks in public on his political views, replaces Ibrahim Mahlab as prime minister. The new PM brought 16 new faces into the cabinet, retained 17 Mahlab picks, and merged or abolished some ministries bringing the total of portfolios to 33 down from Mahlab's 34. Ismail, who was born in 1955, graduated from the Faculty of Engineering at Ain Shams University in 1978. He worked briefly for the multinational oil company Mobil, before joining the Egyptian state-owned company Engineering for the Petroleum and Process Industries (Enppi) in 1979. Ismail served as minister of petroleum under Ibrahim Mahlab since 2014.
forex news
Gold on Monday retained gains from its biggest daily jump in nearly nine months as weak U.S. jobs data eased fears the Federal Reserve would hike rates this year. Spot gold was little changed at $1,136.60 an ounce by 0325 GMT. The metal had gained 2.2 percent on Friday, its biggest one-day rise since Jan. 15. Data on Friday showed U.S. employers slammed the brakes on hiring over the last two months. Nonfarm payrolls rose by only 142,000 last month, below economist expectations of 203,000. Gold, which had been weighed down all year by expectations the U.S. central bank could soon raise rates, rallied as the dollar fell. The metal is still down nearly 4 percent this year. "The Fed is extremely unlikely to begin policy normalisation as soon as this month and December is looking tenuous too," ANZ analysts said, referring to the remaining two policy meets scheduled for this year. The Fed had refrained from raising rates at its last policy meeting in September, citing weakness in the global economy and volatility in financial markets. Higher rates would dent demand for non-interest-paying gold, while boosting the dollar. "We think gold's recent resilience is due in large part to growing expectations that the U.S. economy, in conjunction with that of China's, may now be slowing, perhaps persuading the Fed to defer from raising rates just yet," said INTL FCStone analyst Edward Meir. Silver had also rallied with gold, gaining 5.4 percent on Friday, its sharpest rise since December, 2014. On Monday, the metal rose to its highest in two weeks at $15.35, before ticking lower. Platinum was trading up 0.6 percent at $910.50, after hitting a near-seven-year-low of $888 in the previous session. Platinum has been hit after revelations last month that Volkswagen falsified U.S. vehicle emission tests, which some believe could affect demand for diesel cars. Platinum is widely used in auto catalysts, particularly for diesel engines. Palladium rose to $708 on Monday, its highest since June, boosted by hopes that demand for gasoline cars, where the metal is used in catalysts, could increase. Hedge funds and money managers increased bullish bets in COMEX gold futures and options to a four-week high but cut a silver net long position in the week to Sept. 29, U.S. Commodity Futures Trading Commission data showed on Friday.