amwalalghad :: Blogging

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        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        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        National Development Bank   6.72        Six of October Development & I   15.03        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        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        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        

Citizen Journalism - Blogging

Margaret Warner - 2016-08-04 08:57:18
The Arab world, the global epicenter of violence and conflict right now, needs more heroes like Ahmed Zewail, the Nobel Prize-winning Egyptian chemist who died yesterday. Arabic civilization, whose “Golden Age” of the 13th to 18th centuries brought the world algebra and algorithms, doesn’t produce many Zewails these days. As the Arab Human Development Report of 2003 gloomily noted, lousy education systems in most of those countries mean that Arabs are dropping ever further behind in science. In fact, when Zewail won the 1999 Nobel Prize for chemistry for using lasers to measure chemical reactions over infinitesimal time scales — inventing so-called “femtochemistry” — he became not only the first Egyptian but the first Arab to ever win a Nobel Prize in the sciences. But I first met Zewail in another context — the Egyptian revolution of January-February 2011. Though he’d long before moved to the States, as a student at the University of Pennsylvania and Berkeley and then professor at the California Institute of Technology, he loved Egypt and had rushed back to witness and assist his homeland in this time of crisis. I met him by happenstance. As I wrote at the time: We’re sitting in the lobby lounge of an upscale Cairo hotel, littered with road-weary journalists and private security personnel. Holding court in one corner is the 1999 Nobel Prize winner for chemistry, Caltech physics and chemistry department chairman Ahmed Zewail. He’s a NewsHour fan, and invites us to join him for tea. It’s like sitting in public with Bono and Einstein combined. We no sooner begin talking, than people begin interrupting. Ahmed, a gel-coiffed young man, rushes up flashing the V for victory sign. “Whatever you decide to do, I’m with you,” he shouts. Zewail — a dual U.S. and Egyptian citizen who is the source of tremendous national pride here — is being pressed by opposition groups to run for president. “I’m a scientist,” he demurs. “I want to serve my country that way.” At the moment Zewail, who lives in California, has been pressed into service as an unofficial mediator between the “kids” who led the Facebook-inspired movement on Tahrir Square, and the government. He’s met with President Hosni Mubarak’s newly appointed vice president Omar Suleiman. And today he spent 3 ½ hours meeting with the Tahrir Square leaders. “This is an historic moment,” Zewail says. “This could bring new hope to Egypt. But it has to be handled very wisely.” Zewail volunteered his time to meet with the opposing forces, he says, “to see if we can find a way to get through this with a sensible transition. I don’t know if we can.” “If anyone can do it, Zewail can,” the gel-coiffed fan, a well known television journalist named Adham el-Kamouny, said to me. “He’s a rock star!” Five years later, we all know the sad history — there was no “sensible transition” between Mubarak and the reform-minded protestors demanding change in Tahrir Square. The military took over, then the Muslim Brotherhood, then the “election” of another strongman of military background, former Gen. Abdel Fatah al-Sisi. A sad return to full circle. Zewail, by the way, was barred from even running for president because of a new law specially generated to block him: he held dual-citizenship. But no matter. He was on to a new project — to create the so-called Zewail Center for Science and Technology to nurture and produce Egyptian and Arab scientists. He sketched out his plans to me three years ago over dinner at Washington’s cozy La Chaumière restaurant. He was bursting with determination to create a place with an intellectual climate that would nurture and produce young scientists from Egypt and the Arab world. “We were once the greatest civilization on the planet,” he said. “And our young people could make it be once again. But all we’re known for now is misery and unrest.” That same year, he wrote a blistering op-ed in the New York Times, excoriating Egypt’s leadership — and U.S. aid to its government — for spending money on creating an ever-stronger security state rather than enhancing education. “A part of the world that pioneered science and mathematics during Europe’s dark ages is now lost in a dark age of illiteracy and knowledge deficiency,” he wrote. His dream has taken off, sort of. Zewail City does have a campus. And Zewail, who had been battling illness for the last four or five years, never entirely lost hope. He wrote a piece in the Huffington Post in March, beginning with, “Knowledge makes the world go round,” and expressing his vision for a “Science Spring in the Middle East.” He concluded: “My dream is that 40 years from now, the terrible carnage now wracking the Middle East can give way to building and utilizing knowledge for the betterment of mankind.” A full military funeral will be held for Zewail in Cairo next week. It’s a high honor usually reserved for senior military figures. But the way to truly honor Ahmed Zewail is to make his vision for a different kind of Egypt come true. More»
Harold Meyerson - 2016-08-04 08:27:54
Presidential nominee Donald Trump’s days of dividing the Republican Party are not over. Far from consolidating his support since becoming the party’s nominee, he’s doing his damnedest to drive sentient Republicans from his column. His refusal Tuesday to endorse the re-election bids of House Speaker Paul Ryan of Wisconsin and Arizona Senator John McCain (whom Trump already slammed for being a prisoner of war in Vietnam) makes this abundantly clear. Not to mention ejecting a crying baby from his rally earlier that day. President Barack Obama clearly counted on this GOP buyers’ remorse when he suggested at his Tuesday press conference that the Republicans un-nominate Trump. Obama must know that there’s no plausible way that could happen. Yet he also probably, and correctly, anticipated that his suggestion wouldn’t cause Republicans to reflexively defend Trump – even though everything else Obama says and does instantly provokes an opposite and more-than-equal reaction from the GOP. Such are the doubts that Trump has inspired in his own ranks, however, that no such rallying to the Donald’s banner occurred. Instead, the Great GOP What-Do-We-Do-With-Our-Nominee debate rages on. Among Republican thought leaders, two opposing arguments have emerged. One, exemplified by commentator Hugh Hewitt, argues that keeping Democratic nominee Hillary Clinton from making liberal appointments to the U.S. Supreme Court should transcend all other considerations for conservatives. “If Hillary Clinton wins,” Hewitt wrote in Monday’s Washington Examiner, “the left gavels in a solid, lasting, almost certainly permanent majority on the Supreme Court.” Hewitt sees a President Trump as the solution. “The vast majority of his team in the executive branch,” Hewitt adds, “will be conservatives.” More»
Matthew Lynn - 2016-08-03 09:53:41
Mark Carney, the governor of the Bank of England, is hardly the most reliable guide to anything. He has warned constantly that interest rates will have to rise soon, but has managed to get through three years in office without changing them even once. He has been through several versions of “forward guidance,” and come up with a range of newfangled ways of managing monetary policy, only to abandon them after a few months. An East German Trabant was more likely to get you to your destination on time. Even so, if the bank does not cut interest rates tomorrow, and possibly launch another round of quantitative easing, it will come as a major shock to the markets. And yet, that may well come to be viewed a huge mistake. In fact, the British economy was already in a perfectly healthy state when the electorate decided to leave the European Union. Since then, there has been a massive devaluation of the pound GBPUSD, -0.0824%   , and the government has effectively abandoned fiscal restraint. More»
Taha Sakr - 2016-08-01 11:49:14
Former presidential adviser and planetary scientist Essam Heggy’s announcement Saturday that several Egyptian revolutionaries are forming a “presidential team” to run for the 2018 elections has proved controversial. This presidential team will consist of people who played their part in igniting the spark for the 25 January Revolution back in 2011, Heggy said. “The presidential team will win the 2018 elections, even if President Abdel Fattah Al-Sisi also runs as a candidate,” Heggy said in a televised interview broadcast Saturday from London-based Al-Araby TV. Regarding his role within the team, the NASA scientist explained he will only provide help in the scientific field, adding that no leading role will be assigned to him. “The presidential team project will focus on providing solutions and generating ideas on five main fields—women, education, health, economy, and equality—with the help of other young people. The presidential team will be a political alternative for Egyptians,” he said. More»
Amwal Al Ghad English - 2016-06-26 08:48:43
Following the referendum vote early on Friday, June 24th, the United Kingdom’s historic exit from the European Union from the economic, legal and political perspective has enormous implications on its ties with Egypt. Early economic forecasts on Friday morning show worldwide economic markets in turmoil and instability as investors continue to monitor the British pound plummet. It is important to note that the referendum is not instantaneously legally binding and solely serves as an advisory instrument and not an obligatory one. Legally, the British government may invoke Article 50 of the Lisbon treaty. Until the Prime Minister does so, this means that the United Kingdom is still a member state of the European Union and must still abide by EU law and legislation. Egypt has had longstanding and strong relations with the United Kingdom in the political, defense, trade, and investment landscapes. The Egyptian-British Chamber of Commerce (EBCC) upholds that trade continues to thrive between the two nations since 2014, and Egypt enjoys a free-trade agreement with the EU. Tourism from the United Kingdom brings in roughly 200,000 British tourists a year. The grave consequences on the British economy means that the Egyptian tourism industry will be hit hard: households will curb expenditure on tourism caused by the drop in the sterling. Not such good news after British Airways recently suspended flights to Sharm El-Sheikh amid terror fears. What happens next in the political arena is yet to be seen. Egypt has enjoyed a relatively docile relationship with the United Kingdom and maintains strong diplomatic ties with the nation. Future political uncertainty that plagues the United Kingdom may very well affect foreign policy with Egypt. A lack of strong leadership and the resignation of David Cameron means that British-Egyptian bilateral ties may weaken. Egyptian engagement with the United Kingdom will be difficult, particularly as its relationship with NATO could change. Joint military arrangements could suffer as Britain is one of the major military powers in Europe. The United States might cease to provide a bridge between NATO and the European Union, which will upset the political and economic balance of power. More»
Matthew Lynn - 2016-06-22 09:25:55
In fact, there is a good Brexit and a bad Brexit — in which either the U.K. works out a fairly amicable resettlement of its relationship with its European neighbors, or, alternatively, Brexit triggers an ugly trade war that could easily ripple out beyond its immediate borders. Likewise, there is a good Bremain and bad Bremain — in which either the issue is settled for a generation, or else the government collapses amid acrimony, and a Labour Party that has swung to the left seizes power. Which will it be? We should know by Friday lunchtime. Anyone looking back from the end of the year may find it hard to recall why anyone got quite so worked up about Brexit in the first place. True, it matters to the U.K., although in reality far less than many people imagine. But it is hard to see why it has dominated the global markets for weeks. What possible difference does it make to Microsoft MSFT, +2.24% or Samsung 005935, +0.69% whether Britain, a significant but hardly crucial market, is part of an European trade bloc or not? The answer, surely, is very little — the markets have just decided to panic about the result. That said, given the attention lavished on it, the outcome will matter on Friday. In the final day of campaigning, the smart money has decided that Britain will vote to Remain, and, writing from London, that certainly feels right. The Leave campaign has failed to focus on a single issue, and it has failed to reassure people the economy will emerge unscathed. Yet who knows? Turnout will make a huge difference, and the polls have too little experience to draw upon to make their predictions in any way reliable. It could still easily go either way. The problem for the markets is that it won’t end there. In truth, leaving could be a disaster, and it could be a non-event. So, for that matter, could remaining. Here is a rough guide to four possible outcomes, and their consequences. First, a clear Brexit victory. What happens then? In the best scenario, David Cameron eats a large helping of humble pie, remains as prime minister, is swiftly forgiven by his political rivals, and negotiates a quick and reasonable exit from the EU. Angela Merkel and Francois Hollande make a magnanimous settlement with the U.K., recognizing that their economies are in no shape to start a trade war with a major trading partner, and offer Britain open access to the single market. They might ask for a few things in returns — a modest contribution to the EU budget, for example, and compliance with its major rules — but nothing Cameron couldn’t agree to. By the end of the year, the whole issue would be settled, and everything goes back to normal. That is a good Brexit. Second, another clear victory for Leave, but this time followed by chaos. Cameron is forced to resign. The Conservative Party splits acrimoniously, and remains leaderless. After months of in-fighting a fresh election is called, and the Labour Party, led by its most left-wing leader ever, takes power. Across the English Channel, Merkel and Hollande put up trade barriers against British exports, and refuse to negotiate any kind of settlement. The pound GBPUSD, +0.0205% collapses, and investors move out of the country. That is the bad Brexit. Thirdly, a clear victory for Remain. A triumphant David Cameron is magnanimous in victory, but well aware that the vote has hugely strengthened his position. One or two prominent Brexit campaigners — most notably Boris Johnson — are sent into political exile, but the rest are quickly forgiven. The Leavers accept the result, and the issue is settled once and for all — or at least for a couple of decades. Meanwhile, across the Channel, EU leaders acknowledge a major country came close to leaving, and resolve to reform the union, so that it centralizes less, and, most of all, improves its economy. hat would be a good Remain. Finally, following a narrow victory for Remain, there is turmoil in the Conservative Party, and Cameron is forced to resign as PM before Christmas. One of the Brexit leaders replaces him, and promises to rerun the referendum as soon as possible. A war of attrition starts with Brussels, with constant demands for more powers to be devolved to the U.K. With a tiny majority, a divided Conservative Party struggles to hold onto power. Meanwhile, in Brussels, unelected EU technocrats take the British vote as an excuse to centralize powers even further, introducing EU-wide company taxes, and seizing control of state budgets. That would be a bad Remain. Which will it be? Given Cameron’s political skill, which remains underestimated by most pundits, a good Bremain is the most likely. But we will find out after the votes are tallied, and when we see the immediate reaction, not just in London, but also in Brussels and Berlin. In reality, smart investors need to see not just the result. They need to see the margin of victory, and the immediate political fallout. Only then will they know if they can safely go back to fretting about commodity prices and American interest rates, and all the things that normally worry them — or whether Brexit will continue to dominate the markets for months to come. More»
Swaha Pattanaik - 2016-06-19 09:26:10
Britain’s referendum on its European Union membership shows voters can still have the whip hand over amoral financial markets. Traders will trade on any scrap of information, even tragedy, as they did after the killing of a pro-EU British lawmaker on June 16. In contrast with the recent euro zone crisis, markets are more at the mercy of events than moulding them. Sterling has rebounded 2 percent from 10-weeks lows against the dollar and UK stocks have risen because of speculation that the murder of Jo Cox, an opposition Labour Party lawmaker and a vocal advocate for Britain remaining in the EU, might sway the outcome of the close-run June 23 vote. It’s a feature of markets that traders instantly weigh up the potential economic and political ramifications of each new fact, figure, and rumour – regardless of what they may feel. The same happened when they drove the yen to a record high against the dollar in 2011 after a devastating tsunami ravaged Japan’s northeast. And they drove the euro up as much as 2 percent against the dollar on Sept. 11, 2001 after two hijacked planes hit the twin towers of New York’s World Trade Center. More»
Amwal Al Ghad English - 2016-06-16 10:42:30
While the 25 January Revolution signalled an end to the era of Hosni Mubarak, a new business tycoon was emerging with the aim of beginning a business empire while former Mubarak allies exited the game. Ahmed Abou Hashima first made his mark in the steel industry. While the former star of steel Ahmed Ezz saw his decline following the ouster of Mubarak, Abou Hashima stepped in to take his place as emperor of steel. Abou Hashima is currently chairperson and CEO of the Cairo-based Egyptian Steel, which he co-founded in 2009. He has worked in the steel industry since 1996, which was the same year he received his Bachelor’s degree in Commerce. In addition to Egyptian Steel, the tycoon also owns Abou Hashima Steel Group and has shares in many other major industry companies in Egypt. Steel was not the only thing Abou Hashima had his sights set on. The tycoon would also seek to make his mark in the media industry. Challenging famed businessman Naguib Sawiris, Abou Hashima purchased the Sawiris media outlets ONTV and ONLIVE in May with the aim of developing the two channels and expanding his business in Egypt’s media industry. At the beginning of June, Abou Hashima acquired 51% of the Presentation Advertising Agency, which broadcasts Egyptian football league matches. After that, he acquired 50% of the production company Egypt for Cinema. These purchased are added layers on top of his majority stake in Al-Youm Al-Sabaa newspaper. More»
Luca Lampariello - 2016-05-28 07:57:16
When people meet someone who speaks many languages fluently, the first reaction is often one of slight bewilderment. Multilingualism is generally considered cool yet difficult to achieve, especially if second, third and fourth languages are acquired later in life. As an advocate of language learning, I of course agree that it’s cool, but I challenge the assumption that it’s difficult. My name is Luca Lampariello. Here I would like to deviate from the well-trodden route to how I learned 11 languages and concentrate on why I learned these languages. Seasoned language learners will all tell you that motivation is fundamental, so where can one find this motivation and how can it be bolstered? Language learning is about much more than heaps of books and hours of study. It’s about travelling to marvellous places, meeting inspiring people, enjoying delicious food and embarking on innumerable journeys of self-discovery. I derive my motivation to learn more languages from these experiences; the experiences that these languages make possible. More»
cadie Thompson - 2016-04-20 09:22:31
From 2013 to 2015, new mobile vulnerabilities increased from 127 to 528, or about 214%, according to Symantec's 2016 Internet Security Threat Report. And some of the vulnerabilities are downright terrifying. A recent 60 Minutes report recently highlighted one particular exploit that gives hackers access to your phone call and messages by just having your phone number. So how can you protect yourself? We asked Dr. Anup Ghosh, CEO of the security firm Invincea, for some tips on how consumers can keep their smartphones safe from cyber criminals. More»