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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        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        Canal Shipping Agencies   7.39        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        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        


News - Egypt News

Amwal Al Ghad English - 2017-10-22 06:33:23
Egypt’s Interior Ministry said on Saturday that 16 policemen were killed and 13 were injured in a shootout with terrorists on Friday in Egypt’s Western Desert. The ministry said that 11 police officers, four conscripts and one sergeant were killed in the shootout, and a search is underway for one missing police officer. Four police officers and nine conscripts were also injured. The ministry also said that 15 terrorist were killed or injured in the attack. The ministry added that "media outlets should rely on official sources only for information on the incident." Shortly after the attack, authorities released a statement saying that “a number of policemen” were killed after terrorists opened fire on security forces as they attempted to conduct a raid on a terrorist hideout in Egypt’s Western Desert, about 135 kilometres (83 miles) southwest of Giza. The hours-long shootout took place when an initial security force attempted to raid the hideout, leading to an exchange of fire initiated by the terrorists, who were armed with “heavy weapons,” according to the Saturday statement.  Later on, Egyptian security forces exchanged fire with the terrorists after combing the area, killing and wounding 15 of them.  "The ministry stresses ... that this (incident) will only strengthen its resolve and determination to exert more efforts and uproot terrorism," the statement added. More»
Amwal Al Ghad English - 2017-10-21 07:59:26
Egypt’s Interior Ministry has said “a number of policemen” were killed during a shootout following a raid on “a terrorist elements’ hideout” in Egypt’s Western Desert on Friday. The raid took place after the police national security unit was informed of the hideout, located in Bahariya Oasis, a large area of 135 square kilometres, approximately 370 km from the capital. According to the statement, the shootout took place when the forces were attempting to raid the hideout, leading to an exchange of fire initiated by the militants. The police said a number of militants were also killed during the shootout, but didn't release any figures about the deaths either of militants or of police. However, a security source told Al-Ahram Arabic news website earlier on Friday that at least 14 policemen were killed in the incident, while eight others were injured. The statement said forces were still combing the area. Egypt’s security forces have been waging a war over the past four years against an Islamist militant insurgency, mostly in North Sinai, that has seen hundreds of security personnel killed, as well as hundreds of terrorists killed in security campaigns. More»
Amwal Al Ghad English - 2017-10-21 07:56:46
French President Emmanuel Macron  will meet President Abdel Fattah al-Sisi on Tuesday, the 24th of October, as part of his official visit to Paris from October 23 to 25 this month, Al-Ahram Arabic news website quoted the French presidency as saying on Thursday. The French presidency said the two leaders  are set to meet for the first time to discuss files of mutual interest, including regional affairs, counter-terrorism and human rights, to which France gives special significance. The meeting will also discuss enhancing bilateral relations in the fields of culture and education, the French Presidency said. President Sisi's upcoming visit to France is the third since he took office in 2014 and the first since Macron was elected as a president in May 2017. More»
Amwal Al Ghad English - 2017-10-21 07:52:02
Egyptian President Abdel Fattah al-Sisi attended a display by the Egyptian naval and air forces on Thursday as part of celebrations marking the 50th annual Egyptian Naval Day, Sisi's office said in a statement. El-Sisi watched the manoeuvres from aboard a  Mistral helicopter carrier, off the coast of Alexandria. During the display, the forces performed a number of feats, including securing different targets and forming a guard force. Two Type-209/1400 modern submarines also took part in the show. Earlier on Thursday, Sisi hoisted the Egyptian flag on four new additions to its naval forces: a Gowind 2500 corvette, two German Type-209/1400 submarines, and the mistral helicopter carrier. Sisi also inspected recent improvements at a naval base in Alexandria, which included new quays and a new airstrip. More»
Amwal Al Ghad English - 2017-10-21 07:48:39
Egypt on Sunday is set to mark the bi-yearly occasion when the sun illuminates the statue of King Ramses II in his temple near Aswan, state-news agency MENA reported. Hundreds of tourists and dignitaries are expected to gather at the 3,200-year-old temple to watch the dawn event, when the sun aligns with the temple such that its rays penetrate its sanctuary, located 48-metres inside the temple, and light up the king’s face. This year’s event is scheduled to begin at 5:52am and last for 20-25 minutes. One of Egypt's most powerful pharaohs, Ramses II completed the Great Temple at Abu Simbel in approximately 1265 BC. The temple is carved into a mountainside on the banks of the Nile, and the solar alignment which allows the sun’s rays to penetrate the structure occurs in Feburary and October each year, dates believed to mark the pharaoh’s birthday and coronation. This year's spectacle will mark 200 years since the UNESCO World Heritage site was rediscovered by Swiss researcher Johann Ludwig Burckhardt. Egyptian Antiquities Ministry is expected to organise a ceremony soon to celebrate this occasion. More»
Amwal Al Ghad English - 2017-10-19 06:42:39
In a brief statement before a conference on "The role of fatwas (Islamic edicts) in stabilising society", Grand Imam of Al-Azhar Ahmed El-Tayeb said Islam's teachings and legacy face an unprecedented wave of distortion at the hands of those who issue fatwas without licences and adequate knowledge. "Unfortunately, some have been allowed to issue flawed fatwas that distort Islamic Sharia and violate Islam's true teachings," said El-Tayeb, urging Islamic scholars and clerics to take utmost care when issuing fatwas. El-Tayeb said "While some unlicensed figures were allowed to issue bizarre fatwas, others issued flawed fatwas that go against Islam's teachings, such as equalising women and men in matters of inheritance." "I wonder why Al-Azhar faces a wave of programmed attacks every time it gives an opinion on a certain issue, such as the inheritance question," said El-Tayeb, accusing the fatwa institution in Tunisia, which allowed equality in inheritance between men and women of making "a big assault on Islam." El-Tayeb said "Those who take charge of issuing fatwas in the Arab and Islamic world should be people with a high level of learning, integrity and uprightness." "They should be so because they are the ones entrusted with giving fatwas to those who seek answers on religion and life," said El-Tayeb. El-Tayeb also said muftis – or those who are officially entrusted with issuing fatwas – should have a deep background of Islamic learning and honesty in order to explain Islam's noble values to the people. El-Tayeb deplored that "Islam as a religion faces a ferocious campaign on its teachings and rules." "It is the religion which comes on top of world religions facing attacks, with many trying to blame it for terrorist acts," said El-Tayeb. He added: "It is no coincidence that countries which spark civil wars in Islamic countries do this in tandem with calls aimed at destroying Islam's heritage and promoting their agenda." Also addressing the conference, Minister of Religious Endowments Mohamed Mokhtar Gomaa said, "There is a pressing need that we stem the tide of bizarre fatwas." "The non-specialised people who issue fatwas without license will open gates of sedition and unrest," said Gomaa, adding that he approved a law aimed at imposing discipline on the area of religious fatwas. Osama El-Abd, head of parliament's religious committee and former head of Al-Azhar University, revealed this week that a four-article law on regulating religious fatwas will be discussed soon in a plenary session in parliament. The law, drafted by the religious affairs committee's secretary-general and Kafr El-Sheikh governorate MP Omar Hamroush, gained the approval of all the committee's 30 members. "It also won the praise and official consent of Minister of Religious Endowments Mokhtar Gomaa and we hope that parliament speaker Ali Abdel-Aal will put it up for debate in a plenary session very soon," said El-Abd. The draft law's first article allows Islamic clerics to issue religious fatwas only if they are members of four institutions: the Council of the Grand Scholars of Al-Azhar, Dar El-Ifta (the House of Fatwas), the Complex of Islamic Research, and the Ministry of Religious Endowments' Department of Fatwas. Article 2 indicates that religious lessons and preaching delivered by Al-Azhar clerics in mosques can't be considered "fatwas." "They can preach Muslims in mosques and show them the true teachings of their religion in a tolerant way and without taking this as a license for issuing fatwas," the article said. Article 3 states that members of the above institutions can deliver fatwas only via licensed media outlets, and that violators can face six years in jail and pay as much as EGP 5,000 in fines. MP Hamroush told reporters that his draft law goes in line with Egypt's war against religious extremism that endangers the stability and security of Egypt and the region. "It helps the state in its war to control extremist mosques, clerics, speeches, schools and financial resources," said Hamroush. Hamroush said his draft law mainly aims to control Salafist (ultraconservative) clerics who have issued some of the most controversial fatwas in recent weeks, such as one that makes it illegal for Muslims to congratulate Copts on Christian holidays. "Every now and then we were shocked by such bizarre kinds of fatwas and now it is high time to control them," said Hamroush. More»
Amwal Al Ghad English - 2017-10-19 06:31:55
Egypt's Transport Minister Hisham Arafat announced on Wednesday that the Cabinet has approved a draft traffic law and referred it to the State Council for legal revision, Al-Ahram Arabic website reported. Arafat said at a press conference at the cabinet building that the new bill would replace the current traffic law, which was issued in 1973. "There have been many changes from 1973 to 2017; we needed a new law," he said. The country's population tripled in this period from 37 million in 1973 to 104 million in 2017. Meanwhile, the number of vehicles licensed in Egypt through the end of 2016 reached 9.4 million. Arafat added that the new law takes into consideration the high number of traffic accidents in the country. According to a recent statistics released by the Central Agency for Public Mobilization and Statistics (CAPMAS), the number of road accidents in 2016 was 14,710, an increase of 1.1 percent compared with the figure of 14,548 for 2015. A total of 5,343 people were killed and 18,646 others injured as a result of traffic accidents in 2016, while 21,089 vehicles were destroyed. However, Arafat denied certain reports that Egypt topped the global figures for numbers of accidents. "These estimations are untrue, but what is true is that Egypt is in the middle of the top countries in terms of road accident rates internationally; and this is also unacceptable," he said. One of the new features in the draft law will be an electronic ticketing system for traffic violations, and a penalty point system which will see repeat violators lose their licences. At present, minor traffic violations are generally punished through fines only. The new law also prohibits vehicles manufactured more than five years ago from obtaining public transport licences. Those vehicles that already hold licences and are under 20 years old may continue to renew their licences, while those over 20 will not be able to do so. The law also criminalises the erection of unauthorised speed bumps. More»
Amwal Al Ghad English - 2017-10-18 06:41:16
Egypt's Al-Azhar Grand Imam Sheikh Ahmed El-Tayeb slammed on Tuesday what he described as calls for allowing homosexuality as a human right, Al-Ahram Arabic news website reported. “The calls to allow homosexuality as a human right are blatant and are completely strange to eastern men… who are naturally disgusted with such deviance," El-Tayeb said. In September, images were shared on social media showing fans of Lebanese rock bank Mashrou Laila raising the LBGT rainbow flag during a concert by the band in Cairo, causing widespread controversy in Egypt. Following the incident, at least 50 alleged homosexuals were arrested in the country. Though Egyptian law does not explicitly criminalise homosexuality, people accused of homosexuality have been convicted on charges such as debauchery and violating public morals. El-Tayeb made the comments during a speech at the third Dar El-Ifta international conference in Cairo, which is held under the auspices of President Abdel Fattah al-Sisi, with 63 countries participating. The theme of the three-day conference for 2017 is the "The role of Ifta [religious edicts] in the stability of society." The head of Al-Azhar also slammed calls for gender equality in inheritance and allowing non-Muslim men to marry Muslim women. El-Tayeb also criticised the Convention on the Elimination of all Forms of Discrimination Against Women (CEDAW), which Egypt signed in 1980 without adhering to some of the articles that do not comply with Islamic law, including those on inheritance. According to Sunni Islamic law, a daughter inherits half that of a son. There are some instances, however, where females can inherit more than other male relatives who are part of her extended family. Islamic law also prohibits homosexuality as well as marriage between Muslim women and non-Muslim men. In August, Tunisian President Beji Caid Essebsi announced that his country is looking to allow equal inheritance for men and women as well as marriage between non-Muslim men and Muslim women, which drew sharp criticism from Al-Azhar. More»
Amwal Al Ghad English - 2017-10-18 06:30:52
Egypt's Education Ministry has increased fees for public schools this school year across all formal education stages by 40 to 45 percent, or 20 Egyptian pounds to 30 pounds, the ministry announced on its official website on Monday. Fees for the kindergarten stage have been increased from EGP 45 to 65; for primary schools they have been raised from 60 pounds to 85 pounds; from 65 pounds to 90 pounds for preparatory schools; and from 85 pounds to 115 pounds for secondary schools. Fees for technical schools have been increased from 75 pounds to 105 pounds. The ministry said that the increase in fees is the result of an increase in medical insurance for public school students. The fees can be paid in two installments, one during the first term – by the end of October – and another in the second term. The ministry also announced that some students will be exempted from school fees entirely, including the children of those who died during the 2011 revolution; the children of members of the Armed Forces, police and judiciary; the children of those who died in terrorist attacks; children from families who receive social solidarity pensions; the children of sole female breadwinners; and the children of special needs people. The exemptions would be determined following a social survey. More»
Amwal Al Ghad English - 2017-10-17 07:30:52
Egypt has received an invitation to join the talks on Syria in Astana as an observer, an Egyptian source familiar with the situation around the intra-Syrian settlement informed TASS. "Egypt has been invited to take part in the Astana process as an observer," the source said, adding: "Egypt is expected to join the negotiations." Iranian Deputy Foreign Minister Hossein Ansari said following sixth round of the Syria talks in Astana held in mid-September that the guarantor countries of the Syrian truce (Russia, Iran, and Turkey) were holding consultations on sending invitations to new observers of the Astana process. Russian Presidential Envoy for the Syrian Settlement Alexander Lavrentyev said that China, the United Arab Emirates, Egypt, Iraq, and Lebanon could act as observers. The next round of the negotiations in Astana is scheduled for late October. More»