amwalalghad :: Egypt News

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        Universal For Paper and Packag   4.94        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        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        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 - 2017-03-23 12:24:28
Egyptian Prime Minister Sherif Ismail said the government is grappling with the financial woes of Cairo's vital metro underground as the facility suffers from massive debts of some 500 million Egyptian pounds ($27.7 million), state news agency MENA reported on Thursday. Ismail told reporters on Wednesday that the first of the Metro's three existing lines alone requires 350 million euros worth of maintenance and upgrades, excluding debts and the total cost to run. "It is very difficult that the situation is continuing this way," Ismail said. The prime minister said the government is currently looking at ways to fund the payment of outstanding debts. Last week, the Cairo Metro Company's spokesman told Ahram Online that the company is failing to cover maintenance, electricity and water expenses due to a lack of resources. Metro officials have repeatedly said the low ticket price, which has not been increased for over a decade, is one of the main reasons contributing to the service's losses. There have been repeated proposals to increase the ticket price in recent years, which officials say could double annual revenues, but the cabinet has yet to approve such a measure. The parliament was due to discuss the matter this week. Cairo’s underground train system, launched in 1987, is one of the oldest in the Middle East and Africa. Over 3.5 million of Greater Cairo's 21 million inhabitants rely on the subway for their daily travel, according to estimates by the country's national tunnels authority. Construction on the final phase of Cairo's third metro line is set to begin by June, according to Transportation Minister Hesham Arafat. A fourth line, financed through a loan from Japan, is planned and would begin operations in 2019/20. More»
Amwal Al Ghad English - 2017-03-23 09:52:31
Egypt condemned in the strongest terms a terrorist attack Wednesday outside the UK Parliament that left five people dead and 40 injured. In an official statement by the Egyptian foreign ministry late Wednesday, ministry spokesman Ahmed Abu Zeid expressed condolences to the families of the victims. Abu Zeid said that such events lead to a reaffirmation of the dangers of the terrorism phenomenon, which targets everyone regardless of race or religion More»
Amwal Al Ghad English - 2017-03-23 09:26:30
Egypt’s President Abdel Fattah al-Sisi celebrated the country’s Mother's Day on Tuesday night, announcing 550 million Egyptian pounds ($30.5 million) in funding to support women breadwinners. Sisi said that Egypt’s development strategy, Egypt Vision 2030, seeks to build an equal society, in which men and women enjoy equal rights and opportunities. He announced a new national initiative to allocate 250 million pounds to finance small businesses for women through the Tahya Misr Fund and the Nasser Social Bank. More»
Amwal Al Ghad English - 2017-03-23 09:18:08
Egypt’s Education Ministry has halted the provision of meals to students at schools nationwide until the cause has been determined after the food poisoning of around 400 students in state-run schools in several governorates. Earlier, Education Minister Tarek Shawki told state TV on Wedensday evening. Ministry of Health said in a statement that 312 students were hospitalized in the governorates of Cairo, Suez and Aswan. More»
Amwal Al Ghad English - 2017-03-23 08:57:09
Egypt is set to participate in shutting lights off Saturday to mark Earth Hour, a global initiative the country has been a part of since 2009, state news agency MENA reported. In a statement on Wednesday, Egypt’s environment minister Khaled Fahmy said all Egyptian tourist attractions, including the Giza Pyramids, Cairo Tower, and Qaitbay Citadel will shut their lights off for 60 minutes starting at 8:30pm. The tourism ministry called on all hotels, tourism establishments and others to participate in the initiative to promote going green and the use of renewable energy. More»
Amwal Al Ghad English - 2017-03-23 08:45:06
Egypt’s President Abdel Fattah al-Sisi received Lebanese Prime Minister Saad Hariri on Wednesday in Cairo, congratulating him on the role played in reaching consensus between the different factions of the Lebanese society. Hariri's visit is the first to Egypt since he took office in December 2016, and comes one month after a visit by Lebanese President Michel Aoun to Cairo. The meeting was also attended by Egyptian Prime Minister Sherif Ismail, presidential spokesperson Alaa Youssef said. The two leaders discussed possible cooperation in different fields including health, education, and investment, according to Youssef’s statement. More»
Amwal Al Ghad English - 2017-03-22 09:48:54
Egypt's Cabinet decided on Tuesday to raise the price of multiple entry tourist visas from $35 to $60, while maintaining the old rate of $25 for single entry visas. Tourism minister Yehia Rashed said in press statements that the Cabinet approved the decision following a meeting headed by Prime Minister Sherif Ismail. Rashed did not specify when the change would be implemented. More»
Amwal Al Ghad English - 2017-03-22 09:41:09
American University in Cairo has said Tuesday it will now be accepting tuition fees from students entirely in Egyptians pounds, days after a court ruled that the university can no longer require students to pay half their tuition calculated in dollars. Late last year the families of a group of students filed a case before an administrative court over an increase in tuition fees resulting from the November flotation of the Egyptian pound. Since 2014, half of the required tuition was fixed in Egyptian pounds, while the other half was to be paid in the local currency but set against the exchange rate of the US dollar. More»
Amwal Al Ghad English - 2017-03-22 09:35:10
Sandy winds increastoday, with a chance of sandstorms in some areas in Egypt, state agency MENA reported on Tuesday. The country's meteorological authority chief Ahmed Abdel-Aal told MENA that the country will see weather instability starting Wednesday, with an increase in temperatures from two to three degrees and sandstorms that could lead to a lack of visibility on desert highways and a disturbance in maritime navigation. Residents of Cairo and Nile Delta governorates and central Egypt see temperatures of 24-26 degrees Celsius, while southern Sinai will see temperatures of 25 to 26 degrees and southern mainland Egypt will be around 29 to 30 degrees. More»
Amwal Al Ghad English - 2017-03-22 09:29:34
EgyptAir has received instructions from U.S. transport authorities imposing restrictions on electronic devices carried by incoming travellers and will bring them into effect on March 24, a spokesman said on Tuesday. "Based on the instructions coming from transport authorities in the United States regarding placing electronic devices in the hold beneath the plane and not the cabin, EgyptAir will implement this decision on all travellers heading to the U.S. as of Friday, March 24," the spokesman said in a statement. The devices include laptops, tablets, cameras, E-readers, portable DVD players, electronic games units, travel printers, and scanners, he further added. More»