amwalalghad :: Blogging

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        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        

Citizen Journalism - Blogging

Lin Noueihed - 2016-08-21 08:58:08
A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidized baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt further. "Electricity is up, food is up. The only thing that doesn't rise in Egypt is people's pay yet all they talk about is cutting subsidies," said Imad, smartly-dressed like many in the line. Squeezed by economic and political turmoil since the 2011 uprising that toppled Hosni Mubarak, Egyptians are preparing for a new era of austerity. More»
Lin Noueihed - 2016-08-20 09:11:43
A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt further. "Electricity is up, food is up. The only thing that doesn't rise in Egypt is people's pay yet all they talk about is cutting subsidies," said Imad, smartly-dressed like many in the line. Squeezed by economic and political turmoil since the 2011 uprising that toppled Hosni Mubarak, Egyptians are preparing for a new era of austerity. The reforms are part of a programme to cut the budget deficit and rebalance currency markets promised to the International Monetary Fund (IMF) to secure $12 billion of lending over three years. But political opposition to measures involving subsidy cuts, devaluation and new taxes while tens of millions rely on state-subsidised food, make the programme ambitious. The cost of failure, say economists, is high. The budget deficit is near 10 percent of GDP. Inflation is 14 percent. A shortage of foreign currency has hit imports. Foreign investors are unable to repatriate profit and some are shutting shop, hit by capital and import controls imposed over the last 18 months. Businesses are unable to secure enough foreign currency to import components or pay a premium above 40 percent to obtain dollars on the black market. They talk of survival not growth. "It's very clear that circumstances have led Egypt to really need IMF support... it will have to make changes to ensure the implementation of the plan it presented to the IMF,' said Angus Blair, chief operating officer of Pharos Holding. "The system in Egypt, as in overall governance, is slow... and this is a reform programme that calls for quick action and bravery, especially because some of the impact will be inflationary." More»
Sarah White - 2016-08-20 08:07:14
Will they or won't they? The debate over whether the U.S. Federal Reserve is readying an interest rate hike will get its umpteenth airing over the coming week, with all eyes on Chair Janet Yellen to provide some clarity. Amid conflicting signals from the Fed in recent days, central bankers from around the world will gather from Aug. 25 for an annual meeting in the mountains of Jackson Hole, Wyoming, with Yellen due to speak the following day. A recent batch of strong U.S. employment readings have yielded upbeat views from some Fed policymakers suggesting rates could rise as soon as September, though mixed messages from the bank's latest meeting have clouded the outlook. Minutes from the July 26-27 policy meeting showed rate setters were split over the necessity of tightening policy soon, with some arguing that more economic data was needed, including on the pace of hiring, before envisaging a hike. Yellen is likely to cement expectations for a slow pace of rate increases. More»
Caroline Bullock - 2016-08-16 09:55:19
Imagine watching a film or TV show featuring breathtaking scenery. You don't know where the place is but you'd love to visit it one day. Now imagine being able to stop the action, ask your smart TV for the location, then have it work out how to get there, including flight and accommodation details. It may sound far-fetched, but this kind of "joined-up" travel tech is closer than you think. It's all part of an effort by airlines and other transport providers to broaden their appeal and compete with the new app-based travel companies, such as Airbnb and They want to give us the tools to turn our wanderlust into reality. More»
Norihiko Shirouzu - 2016-08-15 08:51:05
Japanese automaker Nissan Motor Co (7201.T) has come up with a new type of gasoline engine it says may make some of today's advanced diesel engines obsolete. The new engine uses variable compression technology, which Nissan engineers say allows it at any given moment to choose an optimal compression ratio for combustion - a key factor in the trade-off between power and efficiency in all gasoline-fuelled engines. The technology gives the new engine the performance of turbo-charged gasoline engines while matching the power and fuel economy of today's diesel and hybrid powertrains - a level of performance and efficiency the conventional gasoline engine has so far struggled to achieve. The potential breakthrough technology comes at a time when diesel engine technology has been tarnished by Volkswagen's (VOWG_p.DE) emissions cheating scandal. More»
Julian Lee - 2016-08-14 09:38:53
Iran has taken a big step toward bringing foreign investors back into its oil and gas sector. The experience of neighboring Iraq shows it still has a long road to walk, though -- if successful -- there may well be a lesson here for Saudi Arabia on opening up to outside help. Iran has restored most of the production it lost because of sanctions imposed in 2012, confounding analysts with its speed of recovery. Crude exports are back at 2 million barrels a day and the country is slowly re-establishing itself in European markets. But the next step -- taking output back to levels last seen before the 1979 revolution -- needs the assistance of foreign oil companies. And that's much more complicated. Last week, Iran's cabinet approved the general terms of a contract model that will govern foreign oil and gas investments. In doing so, it overcame months of hostility from hardliners in Tehran, who oppose the concessions made to get sanctions lifted. The resolution now has to be endorsed by parliament, where it also faces opposition. More»
Rory Cellan-Jones - 2016-08-13 08:36:18
Researchers at University College London have taught a computer to imitate anyone's handwriting. They have created an algorithm that can take a sample of handwritten text, examine its qualities, and then write any text in the same style. There are already typefaces in word processing programs that produce text in a fairly uniform handwritten style. But what Tom Haines and his fellow UCL researchers have done is create software that they claim reproduces the messy details of any individual writer's hand. They call their system My Text In Your Handwriting and have tried it out on samples of handwritten text from historical figures such as Abraham Lincoln and the creator of Sherlock Holmes Sir Arthur Conan Doyle. More»
Shaimaa Al-Aees - 2016-08-11 08:43:40
Egypt is angling to acquire the $21bn loan package from the World Bank, the African Development Bank, the International Monetary Fund (IMF), and international sovereign bond issuance. Egypt has requested to borrow $12bn from the IMF over three years, thus $4bn each year. The IMF delegation arrived in Cairo on 30 July for talks which are expected to go on for two weeks. The state aims to reach a preliminary accord with the Washington-based lender by the end of the visit. The IMF discussed the economic reform programme—part of Sustainable Development Strategy: Egypt Vision 2030—with the Central Bank of Egypt (CBE) and the Ministry of Finance. This programme, announced by the government, is related to tax system reform, such as imposing new taxes, legislation reform, lifting all kinds of subsidies, floating the Egyptian pound, and increasing the price of some government services provided to citizens. Egyptians are afraid that unfair conditions may be imposed by the IMF, believing this would affect standards of living, income, and cause price hikes, besides fewer subsidies. However, Minister of Finance Amr El-Garhy announced earlier this week that if the IMF’s conditions were too tough, the Egyptian government would refuse the deal. More»
Emily Stephenson - 2016-08-07 08:30:42
Donald Trump says he has the "greatest temperament," but if voters don't believe him, no sweat. The Republican presidential candidate knows plenty of reasons why voters who don't like him should vote for him on Nov. 8 anyway. "If you don't like me, that's okay. Vote for Pence!" Trump told a crowd in Des Moines, Iowa, on Friday. Mike Pence, his vice presidential pick, is the governor of Indiana and a former U.S. congressman respected by many in the Republican Party who remain suspicious of Trump. Earlier in the week, Trump told crowds they should vote for him for a different reason. "Even if you can't stand Donald Trump, even if you think Donald Trump is the worst, you're going to vote for me," he said in Ashburn, Virginia, on Tuesday. "You know why? Justices of the Supreme Court." One seat on the Court is vacant after the death of Justice Antonin Scalia, but Trump said he believes he might get to name as many as five justices. To be sure, Trump wants voters to like him, too. On Friday, he said in Des Moines he believed he was "extremely fit" to be president. More»
Peter Apps - 2016-08-06 09:55:46
When it comes to foreign policy, American voters have always been a mass of contradictions. The majority still believes their country is the most powerful in the world, but they see that position slipping. In many cases, they just seem to wish the rest of the planet would go away. Clearly, that’s not going to happen. While the 2016 presidential election looks set to offer American voters a choice of foreign-policy viewpoints on a scale unseen in recent political history, recent experience seems to have dashed any hope that current challenges might have easy answers. That’s hardly surprising. In the 15 years since the 9/11 attacks, the United States has plowed colossal human, political and economic effort into trying to keep itself safe, particularly through the wars in Iraq and Afghanistan. Neither seems to have made things significantly better—indeed, quite the opposite. The wider geopolitical picture continues to look ever more complex, with the European Union deeper in crisis than ever after Britons voted to withdraw in June. The recent attacks in Orlando and Nice inevitably fueled calls from both Hillary Clinton and Donald Trump to step up military action against Islamic State in the Middle East—even though the attack itself appeared homegrown. At the same time, Washington faces direct challenges from major nation states—particularly Russia and China—on a scale not seen since the Cold War. More»