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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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        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        

Photo and Story

ADIB-Egypt, MasterCard grant free Gold bars to 47 winners


Published 2016-11-13 17:00:14| Amwal Al Ghad English

Abu Dhabi Islamic Bank-Egypt (ADIB) and MasterCard officials rewarded 47 lucky winners with gold bars during a ceremony held at ADIB’s headquarters in Omar Markam district, on Sunday October 16th, 2016.
Blogging
Spain’s Prime Minister Mariano Rajoy stuck stubbornly to his script Sunday night while the rest of the world watched an entirely different movie unfold in Catalonia. "There was no referendum. What we have seen was a mere dramatization," Rajoy insisted. He sounded a little like a Kremlin spokesperson brushing aside a separatist uprising in, say, Chechnya. Nothing to see here, folks. Only there was plenty to see and cameras everywhere to document riot police firing rubber bullets into crowds of peaceful protesters, dragging voters by the hair and using truncheons. The injury estimates were continually revised higher; more than 800 were reportedly injured in clashes with Spanish police. Spanish authorities downplayed those reports. Regardless, the videos that went viral were damning. It's hard to imagine anything in recent years that could do more to bolster the cause of Catalan separatism. Spain has now been plunged into its deepest crisis in decades; the 1978 constitutional settlement that granted Spanish regions various degrees of autonomy looks to be in tatters. In the early hours, Catalonia's government announced that it had counted nearly 2.3 million ballots that hadn't been seized, and 90 percent were for independence. It hardly matters that turnout was a low 42 percent; Catalonia's leaders got exactly what they wanted -- victory in the court of public opinion and widespread international condemnation of Madrid. As clashes with police were broadcast, Catalan President Carles Puigdemont, a former journalist and mayor of Girona, nimbly recast the narrative as "truncheons versus the ballot box." For Catalan separatists, Rajoy's law-and-order mantra conjured images of General Franco, whose legacy still casts a long shadow over Spain. Puigdemont is completing his transformation from accidental revolutionary to human-rights champion. He must keep promising steps toward independence to keep his movement going. The problem is that Rajoy and Puigdemont each have firmly committed to a path of escalation. A declaration of independence would be the next stage in a rapidly intensifying standoff; Puigdemont says Catalans have earned that right, though it remains to be seen whether parliament would back such a move. Separatist leaders have called for a general strike for Tuesday, threatening to paralyze a region that makes up a fifth of Spain's gross domestic product and produces a quarter of its exports. Catalans gathering in Barcelona's central square Sunday evening jangled keys, a reference to the local schools that, in defiance of Madrid, turned over their keys to separatists so that ballots could be cast there. The mood in the square was described as funereal rather than celebratory. Catalans may not have the will to take up arms against the Spanish government, but that is not the same as loyalty; the emotional link to the rest of the country will have been severed for many by Sunday's violence. That Rajoy managed to accomplish this was some feat. Approval for the referendum barely cleared Catalonia's own parliament in September; it had nowhere near majority support in polls. Support for independence peaked in 2013 after the Spanish government refused Catalonia's demands for more autonomy over its finances. A nonbinding vote in 2014, also held in defiance of the Spanish courts, saw 80 percent back a split from Spain on turnout of under 40 percent. In a recent poll, only 35 percent of respondents said the region should become independent. That's not surprising: Catalans enjoy a relatively good life; whatever their grievances with the Spanish government, many were wary of the economic uncertainty that life outside Spain -- and initially at least outside the European Union -- could bring. Rajoy was in a difficult position as Spanish leader, but he had cards to play. He had the support he wanted from his EU counterparts. He had support from his country's highest court, which declared the vote illegal. He had Catalan opinion, Spanish national opinion and fair economic winds all on his side. And while separatist leaders like to paint their movement as a historically fated and united front, the truth is messier; a motley mix of anarchists, anti-capitalists and center-right parties with different agendas and conflicting worldviews had used the cause to build their power base and rally support. From that high ground, Rajoy might have sought to appease centrist Catalans with concessions such as infrastructure spending and eventual discussions on enhanced autonomy. There were some token promises, but as the independence vote loomed, he instead chose to escalate tensions, arresting officials and seizing control of Catalonia's finances and security apparatus. Rajoy unleashed a barrage of investigations and prosecutions meant to frustrate the vote. Catalonia's high court -- which operates separately from the Generalitat, Catalonia's government -- launched investigations of the Catalan cabinet, on charges of disobedience and misuse of public funds, which is punishable with a prison sentence. There are investigations of regional lawmakers and others connected to the vote. Spain's own high court submitted a complaint on charges of sedition against some of the protest organizers on grounds that they disrupted the work of federal authorities by calling on protesters to surround buildings where raids were being conducted. Some 700 Catalan mayors have also been placed under preliminary investigation. Writing in Britain's Guardian newspaper, Barcelona Mayor Ada Colau -- who supported the referendum but not independence -- lambasted Rajoy's government for seeking a judicial solution to what is essentially a political problem: There are many non-separatists such as ourselves, who, while critical of the unilateral path taken by the Catalan regional government, are calling for a negotiated solution in accordance with the feelings of 82 percent of the Catalan population, who support the holding of an agreed referendum, like the one conducted in Scotland. That is why it is a mistake to think the Catalan question can be resolved by taking legal action against its political representatives: following that path will only help to raise social tensions and block any possibility of finding a way out of the conflict. Rajoy gave Catalan separatists exactly the coup de theatre they needed for a campaign that only a short time ago looked quixotic. Whatever happens next, pro-independence forces in Catalonia have received a powerful boost, while Rajoy's government has lost legitimacy in the eyes of many. It has also angered the Basque Nationalist Party, on which Rajoy's weak minority government relies for votes (it had to withdraw the 2018 budget last week for lack of support). “Stop this escalation of radicalism and disobedience once and for all,” Rajoy ordered protesters recently, sounding like an exasperated parent addressing offspring who have grown up, left home and no longer need to obey. He may be right on the principles; as the head of the democratically elected Spanish government, he has the law on his side. But he will get nowhere with those tactics.
Review
Egypt’s parliament gave a final approval on Monday to the implementation of the long-delayed value-added tax (VAT) at a rate of 13 percent for the current fiscal year. Parliament also increased the list of exempted goods and services to 56 from 52 items. In the next fiscal year, which starts in July 2017, the VAT rate will increase to 14 percent, according to the law, which Ahram Online obtained a copy of. The VAT aims at reducing tax evasion, as it will be applied to each member of the production chain of goods and services at the final retail stage, instead of the current sales tax that is imposed as a one-off on the final sale to customers.
Initiatives
The “UAE Reads” initiative will be launched next Monday under the directions of Sheikha Shamma bint Mohammed bin Khalid Al Nahyan. This cultural initiative is organised under the auspices of the Ministry of Interior, in partnership with the UAE University and the Mohammed bin Khalid Al Nahyan Cultural Center. It also coincides with the Abu Dhabi Book Fair and the “Abu Dhabi Reads” initiative.  This event falls within the framework of the UAE’s ‘Year of Reading 2016’ initiative launched by Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE.  Mohammed bin Khalid Al Nahyan will be taking part in the “World’s Largest Reading Hour”, along with more than 2500 ladies, female officials, decision-makers and students, at the UAE University’s main theatre in Al Ain at 2:00 p.m. The event will be attended by representatives of the Guinness World Records Organization, who will witness the UAE’s record attempt for the “Largest Reading Lesson.”
Video and Commet
The United Nations' World Refugee Day is observed on June 20 each year. This event honors the courage, strength, and determination of women, men, and children who are forced to flee their homeland under threat of persecution, conflict, and violence. “In countries where people have to flee their homes because of persecution and violence, political solutions must be found, peace and tolerance restored, so that refugees can return home. In my experience, going home is the deepest wish of most refugees.” Angelina Jolie said in an interview with BBC News on April 8, 2004. “No one leaves home unless home is the mouth of a shark.” Part of a poem ‘Home’ by Kenyan-born Somali poet Warsan Shire.