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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        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        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        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

Amr Abyad - 2015-07-28 10:40:28
Among the root causes of the Middle-Eastern backwardness is the Asiatic and fatalistic religious norms that hamper the imagination and freedom of our masses. In that regard, the reconstruction of al-Azhar, Sunni Islam’s top authority, should rank high among Egyptian security strategists’ priorities. Al-Azhar, the ancient religious institution it is, borders on antiquated ideals and does not play a constructive role. For a plethora of complex historical reasons, al-Azhar has failed to tread the path taken by European universities that developed from theological and religious institutions into legal ones that have, over time, morphed into secular universities. This evolution of learning is what brought about the renaissance and the scientific revolutions of centuries past and thus launching Western civilization into progress, prosperity and modernity. More»
Menna Samir - 2015-07-21 08:21:02
Egypt ranks 109 globally in the world’s wealthiest/poorest countries list, with Gross Domestic Product (GDP) per capita equivalent to $6,650 per annum, according to a recent Global Finance Magazine report. Egypt’s ranking comes below other countries that witnessed the Arab Spring, such as Algeria, Tunisia and Libya. Yemen, however, one of the countries that had a role in the Arab Spring, ranked lower than Egypt, at 148, with an annual GDP per capita of approximately $2,350. More»
Haitham El-Tabei - 2015-06-27 09:19:04
Metres from the epicentre of Egypt's uprising, bulldozers tear chunks of concrete and twisted metal from what remains of the headquarters of ousted strongman Hosni Mubarak's now disbanded party. More»
Phyllis Wakiaga - 2015-06-13 11:32:37
The signing of the declaration launching the Tripartite Free Trade Area (TFTA) by Heads of State and government at Sharm El Sheik in Egypt Saturday is a defining moment both for Kenya and Africa. The main aim of the FTA is to increase intra African trade by easing trade restrictions to allow easier movement of goods and persons in the region. The agreement will open up a market of up to 625 million consumers from the Nile to the Cape of Good Hope and more than double trade volumes from the current $1.3 trillion. More»
Mohamed Selim - 2015-06-03 13:07:02
“Germany’s government believes that Egypt ought to maintain the basic values of human rights for all its citizens, engage in a dialogue with all the opposing political factions and respect the religious freedoms of all Egyptians.” Those were the words of Germany’s Chancellor, Angela Merkel, in her 30 January 2013 presser with Egypt’s former president Mohamed Morsi, which took place in Berlin. Will the incumbent president of Egypt hear such statements from Chancellor Merkel on his visit to Berlin which takes place today and tomorrow? I believe he will, yet not with such a tone. Chancellor Merkel is facing criticism from members of the German opposition, particularly the leftist parties, Die Grünen (the Greens) and Die Linke (The Left), for her reception of President Abdel Fattah Al-Sisi in Berlin this week. Parliamentarian Franziska Brantner, member of the Bundestag from the Greens who visited Egypt last week, has criticised the German government for inviting the Egyptian president at a time where the entire democratic process in the Arab country is on hold. She even criticised Germany’s oldest party, the centre-left Social Democratic Party (SPD), which is in a grand-coalition with Chancellor Merkel’s Christian Democratic Union party (CDU). More»
Ahmed Fouad - 2015-05-29 13:07:15
Egypt's 2014 constitution grants disabled Egyptians the right to appropriate representation in the next parliament. This representation has been set by the People's Assembly Law — which was considered unconstitutional in March and is currently being amended — at eight seats, out of a total of 120 seats of the electoral list system, representing one-third of the total parliamentary seats. However, the Egyptian movement to empower people with disabilities believes that this quota is not enough. Hassan al-Sibai, the movement’s coordinator, told Al-Monitor that the constitution allocated a quota for those with disabilities for one parliamentary cycle, which has led Egyptian parties and electoral coalitions to deal with this group of voters as if their election was pro forma aimed at completing the lists' numbers. Sibai explained that none of the people with disabilities who are qualified to represent the disabled community and their problems in parliament were selected, and he considered this to be inappropriate treatment of the disabled by the Egyptian political parties and coalitions. More»
Sonia Farid - 2015-05-26 09:45:53
On May 19, the Egyptian Court of Administrative Judiciary was scheduled to look into a lawsuit that demands annulling the death sentence handed to six young men on charges of carrying out terrorist attacks in the case known as Arab Sharkas. On May 17, the same six were executed by the Military Court, which issued the initial sentence. The heated debates following the executions were different from others commonly associated with this type of trial, such as how politicized the verdict might be, the culpability of the defendants, or the referral of civilians to military courts. The controversy revolved around what was specifically unique about this case: the speed with which the executions were carried out, and the reasons for not waiting for the result of the lawsuit contesting the verdict. More»
Anis Aclimandos - 2015-05-09 14:59:10
Last week, the American Chamber of Commerce in Egypt (AmCham) introduced the new U.S. Ambassador, Stephen Beecroft, to an audience that filled every seat in the Four Seasons massive ballroom in Cairo. It was a memorable lunch for all of us in the room.  Listening to Ambassador Beecroft address over 500 members from the private sector, I could not help but be reminded, once again, of how strong the commercial bridge is between the U.S. and Egypt. While in recent years relations between our countries have been strained, the economic progress that has been driven by the private sector and important reforms by the Sisi administration has preserved and strengthened these important ties. In November of last year, a record trade delegation brought 70 U.S. corporate leaders to Egypt to witness the renewed economic optimism and improved stability. And it was just over one month ago that 2,000 delegates from 112 nations, including 30 heads of state and many corporate leaders, attended the Egypt Economic Development Conference (EEDC).  Over $60 billion was pledged in new investments that firmly repositioned Egypt on the global investment map. The EEDC presented 120 projects spread across eight industry sectors, the majority of which were concentrated in energy and mining, infrastructure and real estate.  The rush to commit speaks for itself.  BP, Siemens and General Electric led the multi-national investors with a collective $25 billion of commitments.  Other pledges included: Coca Cola will spend $500 million to increase manufacturing, distribution, sales and marketing  capabilities; Majid Al Futtaim, the mall developer, pledged $700 million to develop 8 malls in Egypt over the next five years; Emirati Mohamed Alabbar will spend $3 billion to develop residential housing on the North Coast, a project that will create 14,00 jobs; Aviation Industry of China will finance and operate a $700 million electric train from Alexandria to Abu Qir; Italian oil conglomerate Eni signed an agreement to invest $5 billion over the coming five years; PepsiCo will invest $500 million to expand its Egyptian operations this year, and Beyti, the milk and juice company it owns with Al- Marai, has pledged $525 to build a new factory; Real estate developers plan over $30 billion for New Cairo and 6 October City projects; and Orascom plans to build a 3,000-megawatt coal-fired plant, and Saudi Arabia’s ACWA Power has committed $3 billion toward a power plant These projects are in addition to the Second Suez Canal and the Suez Canal Area Development Projects.  The two Suez projects will construct a new Suez Canal and transform several cities along the waterway and importantly, create hundreds of thousands of jobs.  It took the government less than one week to raise an unprecedented $8.5 billion from private citizens to fund the projects. All of this interest and enthusiasm points to the fact that investors see and understand the real investment opportunities.  And they are not waiting. They know that the sooner capital is put to work, the chances of success are enhanced. Once the projects materialize, more jobs will be created, and the quicker the turnaround will take.  As U.S. Secretary of State John Kerry told all of us at Sharm, “Egypt has always had an extraordinary business corps.  Egypt has great capacity.  And it has been there for the hub of thinking, of progress, of energy, of direction in this region. It has always, in my judgment, had the ability to demonstrate entrepreneurial energy.” Next week, a 40-member delegation from AmCham Egypt will cross the bridge in the other direction for its Annual DoorKnock Mission in Washington.  Private sector leaders from banking and finance, energy, capital markets, real estate, technology, tourism, telecom and agriculture will meet with members of Congress, administration officials, think-tanks, and leaders from the business community to highlight Egypt’s recent economic developments, reforms and the wave of increased investments.  Over the weeklong mission we will lay out Egypt’s economic roadmap that was presented at the EEDC and shed light on the macroeconomic, legislative and socio-economic advances since our mission last June.  We will also give updates on individual sectors, with a look at specific policies both governments can enact to enhance bilateral trade and promote U.S. investment in Egypt. Over the years, our delegation has earned the trust and credibility of U.S. political and business leaders, who deeply value our candid perspective and profound understanding of significant issues and the Egyptian market environment.  As we cross the bridge to Washington next week, our message is clear:  in a region tarnished by political and social upheaval and complexity, Egypt is an oasis in the midst of a scary desert. We are grateful for the support of our long-time friends in the U.S. and the contributions they have, and continue to make, to our great country. About the Writer: Anis Aclimandos serves as president of the Board of The American Chamber of Commerce Egypt. He is also president of Transcentury Associates, a U.S. private international consulting firm located in Bethesda, Maryland and Cairo that provides technical and management consulting services for development projects worldwide. Its clients include foreign governments, U.S. and international private firms, non-governmental organizations, USAID, the World Bank, the European Union and international donors. More»
Richard C. Thornton - 2015-04-30 09:48:24
Elliott Abrams’s April 26 op-ed, “A Pinochet in Egypt?,” raised a troubling question about Egypt’s course. In debunking the positive spin that Egyptian President Abdel Fatah al-Sissi might follow Chile’s Gen. Augusto Pinochet in taking the path of modernization, Abrams implicitly questioned the appropriate analogy for Egypt. The appropriate analogy may not be Chile but rather Argentina under the junta. When Gen. Jorge Videla overthrew Isabel Perón in 1976, the military regime he established put Argentina on a temporary path to economic recovery from the depredations of Perónism. But it also built Argentina into a military power that, under Leopoldo Galtieri, challenged Britain for control of the Malvinas/Falklands. Military defeat restored civilian rule to the country, but civilian rule proved to be no panacea. Indeed, Argentina has proceeded on an increasingly downward and leftward path ever since. So, which path will Sissi take? Will he, as Pinochet did for Chile, guide Egypt onto the path of modernity, or, as Galtieri did for Argentina, take Egypt on a quest for military conquest? Given the upheaval in and around Egypt, with its attendant dangers and opportunities, the odds are loaded heavily in favor of the latter. Source: Washington Post More»
Alex Fitzpatrick - 2015-04-30 10:07:34
A supplier made bad parts Faulty parts from an Apple supplier are slowing down shipments of the company’s new Apple Watch, the Wall Street Journal reports, citing people familiar with the matter. The problem lies in the Apple Watch’s taptic engine, a tiny component that allows Apple Watch notifications to simulate the effect of being tapped on the wrist. Taptic engines from one of two suppliers, the Shenzhen, China-based AAC Technologies Holdings, were found to quickly wear down “after mass production began in February,” the Journal reports. Rather than ship potentially bad units, Apple decided to throw away some Apple Watches with the AAC taptic engines. More»