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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        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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        

News - Egypt News

Amwal Al Ghad English - 2018-04-26 06:50:24
Speaking on the occasion of the 36th anniversary of Sinai's liberation from Israeli occupation, Egyptian President Abdel-Fattah al-Sisi said the peninsula today faces renewed threats from terrorist groups. "It's obvious to everyone that the greed in Sinai has not ended, and while the threats have changed in nature, their seriousness has not decreased," the president said in a speech broadcast on TV. He referred to what he called "fierce attacks by terrorist groups backed and financed by countries and organized entities" over the past few years. Egypt on Wednesday commemorates the 36th Sinai Liberation Day, which marks the withdrawal of Israeli forces from the Sinai Peninsula in 1982 after a 15-year occupation. The day is a national holiday. During his speech, Sisi praised Egypt's armed forces and police for their efforts to "besiege terrorism and tighten the screw on it." He said maintaining the security and stability of Egypt in "a difficult region and a turbulent world amidst lack of security around us, sectarian and political division, bloodshed and the collapse of states" is a " testament to the uniqueness and strength of this people and the capacity of its armed forces and institutions." In February, Egypt launched a major counter-terrorism initiative -- Operation Sinai 2018 -- by the army and police against “terrorist and criminal elements and organizations.” The campaign focuses on Sinai but also covers areas of the Nile Delta and Western Desert. Dozens of "takfiris" have been killed and hundreds other suspects arrested in the offensive. More»
Amwal Al Ghad English - 2018-04-25 07:42:00
Egypt's former top auditor of the Accountability State Authority (ASA) Hesham Genena was sentenced to five years imprisonment on Tuesday with the Military Misdemeanour Court ruling that he insulted the armed forces. Genena’s lawer Farid al-Deeb told al-Masry al-Youm, “We will submit an appeal against the court verdict after understanding the grounds and reasons for the verdict.” Police arrested Geneina in February after he told the American newspaper Huffington Post that he has access to top-secret documents that allegedly prove army leaders played a role in causing social unrest following the 2011 Revolution against former president Hosni Mubarak. In July 2016, Geneina was sacked as a top auditor after he reported that corruption had cost the country US$68 billion over four years. He was also sentenced to jail for spreading false news at the time. However, later in December that year, the jail sentence was suspended. More»
Amwal Al Ghad English - 2018-04-24 12:59:29
Cyprus President Nicos Anastasiades will make a visit to Egypt at the end of this month, Cypriot ambassador to Egypt announced Tuesday. President Anastasiades along with Egyptian and Greek counterparts, President Abdel Fattah al-Sisi and President Prokopis Pavlopoulos will launch next week an initiative entitled "A Week to Revive the Roots", ambassador Kharis Moritzis told the state news agency MENA. The initiative will be held in Alexandria and Sharm el Sheikh on April 30 through May 6 for the Egyptian, Greek, and Cypriot communities, Moritzis added. Cypriot Energy Minister Giorgos Lakkotrypis will also make a visit to Cairo in early May to hold talks with Egyptian officials over bilateral cooperation between the two countries in the energy sector, the ambassador added. More»
Amwal Al Ghad English - 2018-04-24 07:08:50
President of the World Bank group Jim Yong Kim praised the “economic success” that he said Egypt has achieved and applauded the legislation that contributed to improving the investment environment in the country. The statement came on the sidelines of the spring meetings of the World Bank and IMF in Washington DC. During a meeting with Egypt’s Minister of Investments and International Cooperation Sahar Nasr, Kim said that President Abdel Fattah al-Sisi has courageously managed to overcome the challenges that have been facing Egypt’s development. Kim moreover stated that the investments in infrastructure are one of the reasons of the success, highlighting some of the projects and the bold steps that were taken by the Egyptian government in this regard, including the project of the solar park in Benban in Aswan. Earlier this month, Nasr said that the World Bank’s Executive Council unanimously agreed to support the implementation of the comprehensive national strategy for the development of pre-university education in Egypt with US$500 million. In January, during the Tale of a Homeland conference, al-Sisi stressed that the government has worked intensively in developing the infrastructure in the last few years including energy projects and transportation networks, saying that the country still needs US$900 billion for more projects. More»
Amwal Al Ghad English - 2018-04-23 07:07:05
The Islamic holy-month of Ramadan is set to start on Thursday 17 May in Egypt, the country's National Astronomy and Geophysics Institute announced on Sunday. Ramadan takes place during the ninth month of the Islamic calendar, the month in which the Quran was revealed to the Prophet Muhammad. More than a billion Muslims around the world abstain from eating and drinking from dawn to dusk during Ramadan. The head of the Egyptian institute, Hatem Aouda, said on Sunday that the crescent moon by which the start of Ramadan is measured will be seen on 15 May. This will mark the end of the eighth month of the Islamic calendar on May 16, the state-owned MENA news agency reported. During the holy month, Muslims fast for a full lunar month. The fasting begins at the fajr call to prayer, just before sunrise, and is broken at sundown. As the times for sunrise and sunset change each day, fasting hours in Ramadan also change by a few minutes throughout the month. This year, there are expected to be an average of 15 fasting hours each day in Egypt. The length of fasting hours differs from one country to another. In recent years, Ramadan has moved into the summer months, bringing longer days and sweltering heat for many countries, especially in the Middle East. Eid Al-Fitr, or "the feast of breaking the fast", is a three-day religious holiday marking the end of the fasting month of Ramadan and celebrated by Muslims worldwide. More»
Amwal Al Ghad English - 2018-04-22 06:11:58
President Abdel Fattah al-Sisi expressed Egypt’s concerns over military escalation in Syria to French President Emmanuel Macron when he called Sisi to notify him of reasons behind a US-led tripartite military action on Syrian targets last week. In a statement, Sisi’s official spokesman Bassam Rady said the Egyptian president received a phone call on Saturday from his French counterpart, in which they discussed the Syrian crisis and the situation in the Middle East. Sisi highlighted Egypt’s firm stance in rejecting of any use of internationally prohibited weapons on Syrian territory, pointing to the importance of conducting an international, transparent investigation over the matter in accordance with international accords. Macron explained to Sisi the goals of a strike carried out last week by the US, UK, France against Syrian targets, stressing that it came under a framework of international legitimacy, and as a response to a violation to an international ban on the use of chemical weapons. Last week, the US, Britain and France carried out a wave of punitive strikes against Bashar Al-Assad's Syrian regime in response to an alleged chemical weapons attack on Douma, a rebel-held suburb in eastern Ghouta, near Damascus. El-Sisi said a military escalation in Syria could lead to a deterioration of the situation and complications, which will affect the Syrian people. Rady added that the two counterparts voiced their support for efforts exerted to resolve the Syrian crisis politically, affirming the importance of a participation by Arab states and permanent members in the UN Security Council in the matter. They also spoke about boosting joint efforts to combat terrorism, with Egypt set to participate in the International Conference on Combating Terrorist Financing, which will be held in French capital of Paris on 26 April. Both parties agreed on continued intensive consultation and coordination, and the statement added that Macron has ordered his foreign affairs minister to visit Cairo at the end of April for joint talks. More»
Amwal Al Ghad English - 2018-04-21 07:26:27
Egypt’s Trade and Industry Minister Tareq Kabil said on Friday that Egyptian commodity exports to the European Union (EU) market made big growth over the past year. Commodity exports reached about 8.1 billion euros in 2017, up from 6.7 billion euros in the previous year, marking a 21 percent increase. In a statement on Friday, Kabil said that Egyptian exports to the EU market surpassing the 8 billion euros mark represents an important step in achieving a qualitative leap in the level of trade and investment relations between Egypt and the EU. He added that the large increase in Egyptian exports to these markets contributed to the growth in the volume of trade exchange between Egypt and the EU during the past year, to reach about 28 billion euros, compared to 27.3 billion euros in 2016. “The European Union is the first economic and commercial partner to Egypt, as the EU is the most important export market for Egypt, and accounts for 22.7% of Egyptian exports to foreign markets,” Kabil said. Meanwhile, the first undersecretary of the Trade and Industry Ministry, Ahmed Antar, said that the development of trade between Egypt and the EU crowned the efforts of the Egyptian trade representation offices in EU countries as well as the promotion of campaigns organized by the ministry to market Egyptian products at specialized trade fairs. He pointed out that the most important EU countries importing from Egypt during the past year, include Italy, Germany, Spain, the United Kingdom and Bulgaria. Antar said that the exports which made increases to the EU in 2017 are: steel, aluminum, and their products, fertilizers, chemical goods, agricultural products, engineering goods, plastics, and its products, building materials, textiles, garments and leather products. More»
Amwal Al Ghad English - 2018-04-21 07:04:13
Egyptian diplomatic sources said that there is ongoing contacts between Cairo, Khartoum, and Addis Ababa to set a date for the next meeting of the committee, which includes foreign, and irrigation ministers, and heads of intelligence services in the three countries, to discuss the issue of the Grand Ethiopian Renaissance Dam (GERD). The sources said that Egypt’s Foreign Minister Sameh Shoukry invited his Sudanese and Ethiopian counterparts to meet in Cairo for another round of talks. Shoukry stressed that Egypt attaches great importance to restoring its relations with African brothers to achieve integration and common interests. In an interview with the Extra-News channel on Thursday, Shoukry said that President Abdel Fattah al-Sisi has had a tendency since taking office towards Africa in order to restore Cairo’s close relations with the continent. He expressed his regret that Cairo had not received a response to the invitation to hold a meeting on GERD, saying that the failure to respond means losing another chance to implement the mandate issued by the leaders of the three countries in their meeting on the sidelines of the African Union summit in January. He pointed out that Egypt exerted all efforts during the Khartoum meeting, which was held in April, and negotiated in good faith and appreciation of the interests of partners, and proposed initiatives to meet the interests of all. Shoukry said that everyone should know that no certain situation will be imposed on Egypt. “We have had a month to reach a solution, and the rest of this month is 15 days, and there are a lot of outstanding issues,” he said. More»
Amwal Al Ghad English - 2018-04-19 06:02:26
The Egyptian Armed Forces announced in an official statement on Wednesday it has killed the emir of the terrorist organisation in central Sinai. "The Third Field Army forces raided a number of rugged, mountainous areas in central Sinai and killed Nasser Abu Zakoul the emir of the terrorist organization in central Sinai during extensive fire exchange," the statement read. Egypt's Armed forces found six automatic rifles, two hand grenades, large quantities of ammunition and a wireless communication device in possession of the emir, the statement added. The raid in central Sinai comes as part of the two-month-old armed forces' Operation Sinai 2018 in north and central Sinai against terrorist elements. The operation involves land, naval and air forces, as well as the police and border guards. "Third Field Army will continue their efforts to eliminate all Takfiri and terrorist elements in the area," the statement read. More»
Amwal Al Ghad English - 2018-04-18 07:02:40
Egypt will discuss with Russia the resumption of Russian charter flights to the Egyptian tourist resorts of Sharm El-Sheikh and Hurghada, nearly one week after both countries resumed flights between their capitals. The recent flight resumption came after a 30-month ban by Moscow of flights between the two countries after a Russian airliner crashed in Sinai in 2015. In press statements reported on the sidelines of the Aviation Africa 2018 Conference in Cairo, Egypt's Civil Aviation Minister Sherif Fathy said on Tuesday that Egyptian officials will hold a meeting with their Russian counterparts  in mid-May, which will include an assessment of the situation following the recent resumption of Moscow-Cairo flights. Fathy said the two parties will discuss a future roadmap for the return of the Russian flights to Egyptian holiday getaways. "We respect the decisions of our Russian counterparts. When the Russian side sees a suitable timeline for the return of their flights to Sharm El-Sheikh and Hurghada, they will be resumed in coordination with us," he told reporters. The statements by the Egyptian civil aviation minister come nearly two weeks after the head of Russia's Federal Air Transport Agency Alexander Neradko said that the resumption of charter flights to Egypt's holiday destinations will only be discussed after Russian and Egyptian aviation security experts strike an agreement on an “interaction scheme” at Cairo Airport. "To ensure our air passengers’ safety, a special group of (Russian - TASS) aviation security specialists will be in Cairo to assist their Egyptian counterparts in maintaining security at Cairo airport. We need to polish [our] interaction skills, and only then will we consider the resumption of flights to resort areas, namely, Sharm El-Sheikh and Hurghada," he said in statements reported by Russian news agency TASS. In late 2015, Moscow grounded all commercial passenger flights to Egypt over security concerns after a Russian A321 airbus crashed over Sinai shortly after taking off from Sharm El-Sheikh, killing all 224 people on board. Russian travellers had comprised the largest single tourist group in Egypt, contributing to about a fifth of foreign vacationers in the country as of 2015, according to official data. The crash of the Russian flight dealt a blow to Egypt's tourism industry, a major source of hard currency for the country, with the number of foreign tourists visiting Egypt dropping from 9.3 million in 2015 to 5.4 million in 2016. Last week, Cairo International Airport received its first Russian flight, operated by Aeroflot, and Egyptian national carrier EgyptAir sent its first flight from Cairo to Moscow. The resumption of flights came a few months after Russian President Vladimir Putin issued a decree in December 2017 during his visit to Cairo to resume commercial air traffic between the two countries' capitals. More»