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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        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        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 - 2018-03-10 07:07:32
On Sunday the House of Representatives approved amendments to the law governing the Egyptian Railway Authority (ERA), giving a green light to private sector companies to build, manage, operate and maintain the railway network. The amendments give the ERA the right to establish joint-venture companies that can be listed on the stock market. Parliamentary Speaker Ali Abdel-Aal described the move as “a crucial step” in relieving the problems — “huge debts, outdated operating systems and dilapidated locomotives” crippling the ERA. He stressed, however, that the changes did not amount to privatisation of the railway network and were fully in line with Article 32 of the constitution which allows the private sector to operate public utilities for up to 15 years at a time. The approval of the amendments came days after a deadly train collision in Beheira governorate left 12 dead and tens of injured. Prosecutor-General Nabil Sadek has ordered an examination of the trains’ black boxes in an attempt to determine the cause of the crash. A committee of experts in engineering and railways from several institutions, including the Armed Forces Engineering Authority and the State Railway Authority, has been formed to investigate the incident. Initial investigations suggest the crash was caused when a mistake in track changes led to a passenger train being on the same track as a cargo train. President Abdel-Fattah Al-Sisi has charged Ibrahim Mahlab, the presidential aide for mega-projects, to form a committee to review the status of the railway network and develop it. Between 2004 and 2016, 13,539 train accidents occurred on the network according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). In 2016 alone, 1,249 accidents were reported. More»
Amwal Al Ghad English - 2018-03-08 06:57:23
The return of Sudan’s ambassador to Egypt on Monday after a two-month absence is being hailed as an opportunity to ease the strains that have come to characterise relations between Cairo and Khartoum. “Relations between our peoples and our countries are of historic importance and maintaining them is a duty. Setting them on the right path is our responsibility,” Sudanese Foreign Minister Ibrahim Al-Ghandour told the media earlier this week. “It is definitely a step in the right direction. It demonstrates Khartoum’s willingness to maintain special relations,” said a diplomat speaking on condition of anonymity. He warned, however, that the reasons Khartoum withdrew its ambassador in the first place still need to be addressed. The border issue of Halayeb and Shalatin is one major cause of strain between the two countries. According to Foreign Minister Sameh Shoukri, Cairo was notified that the Sudanese ambassador’s withdrawal was a result of disputes over the territory. Within days of withdrawing its ambassador, Khartoum renewed a complaint to the UN Security Council demanding Cairo hand over control of the Halayeb Triangle. Al-Ghandour was quoted by the media last month saying that Egypt and Sudan had agreed not to escalate the dispute. The Halayeb Triangle is a border area the ownership of which has been disputed since the late 19th century. In 1899, when Egypt and Sudan were under British occupation the Anglo-Egyptian Condominium Agreement set the political boundary between the territories at the 22nd parallel, placing the Halayeb Triangle inside Egypt. Halayeb was not the only point of contention between the two states. In December Sudan accused Egypt and the UAE of deploying troops and military equipment at an Eritrean military base. Troops from Sudan’s rapid response army units sealed the border in response. More»
Amwal Al Ghad English - 2018-03-07 06:51:26
Egyptian President Abdel Fattah al-Sisi and Saudi Arabia's Crown Prince Mohamed Bin Salman inaugurated on Tuesday the completion of renovation work on Al-Azhar Mosque in old Islamic Cairo; the biggest in its 1,000-year history, the presidency said in a statement. The three-year-old restoration of the mosque was initially funded by Saudi Arabia's late King Abdullah bin Abdulaziz and later sponsored by King Salman. The project, the largest and most extensive renovation in the mosque's history, has been supervised by the country's Ministry of Antiquities. Using materials similar to those used in Mecca's Grand Mosque, the project included replacing the building's floors and furniture, a complete upgrade of infrastructure, the lighting and sound systems, as well as water and ventilation networks. Bin Salman concluded on Tuesday a three-day visit to Egypt; his first public foreign trip since becoming crown prince last year. More»
Amwal Al Ghad English - 2018-03-06 07:15:40
Egypt's President Abdel Fattah al-Sisi received a phone call on Sunday from US President Donald Trump in which they discussed a range of regional matters and ways to enhance bilateral relations between both countries, a statement by Egypt's presidential spokesman said. "During the phone call, the two leaders discussed ways to develop aspects of Egyptian-American strategic relations on all levels during the upcoming period," the statement said. Sisi and Trump also discussed a range of regional issues with aims to support political settlements to existing regional crises."The U.S. president affirmed his appreciation and support to Egypt's efforts in the war on terrorism," the statement added. The US has said recently it stood by Egypt in its fight against terrorists in North Sinai. “The U.S. commitment in continuing to support Egypt in its fight against terrorism and bringing security for the Egyptian people is steadfast and will continue,” Secretary of State Rex Tillerson said last month. Egypt launched a major security operation last month involving the army and police against terrorist and criminal elements and organisations across the country, the army said. More»
Ahmed El Demerdash - 2018-03-05 13:16:12
Deputy Minister of Finance for Tax policy Amr El-Monayer submitted his resignation to the Prime Minister Sherif Ismail on Monday. He was appointed this position in March 2016. Amr El-Monayer has succeeded in establishing a modern taxes policy that has enabled the state to achieve unprecedented growth rates in tax revenues. More»
Amwal Al Ghad English - 2018-03-05 10:04:46
Egypt's House of Representatives approved on Sunday draft amendments proposed by the government to two articles in the law regulating the State Railways Authority in order to allow the private sector to operate railway services in the country for the first time. The new ammendment changes the 1980 law's designation of the State Railway Authority as the sole institution in the Egypt permitted to build, operate and maintain the country's railways. "We all know that Egypt's National Railways Authority suffers from massive debts, outdated operation systems, and dilapidated train locomotives and wagons," Parliament Speaker Ali Abdel-Aal said. "The panacea for all of these chronic illnesses is to allow private investment in a bid to modernise this sector and rid it of its massive debts." In a previous media statement , Minister of Transportation Hisham Arafat stated that the amendments did not mean any permanent privatization of public services, as the private companies would only be allowed to operate and maintain railways services on a 15-year contract. More»
Amwal Al Ghad English - 2018-03-05 09:02:23
During a summit in Cairo on Sunday, Egypt President Abdel-Fattah El-Sisi and Saudi Arabia's Crown Prince Mohammed bin Salman stressed the importance of joining their countries' efforts to address attempts to divide the region and the threat of terrorism and countries supporting it.Bin Salman arrived in Cairo earlier on Sunday for his first official visit to Egypt as part of his first foreign tour since assuming the position of Crown Prince in June 2017. He was received by President El-Sisi at Cairo airport. Shortly after the reception ceremony, El-Sisi and Bin Salman held a bilateral summit at the Ittihadeya Presidential Palace in Cairo. "President Sisi expressed Egypt's keenness to enhance bilateral cooperation with Saudi Arabia in all fields, in a way that reflects the level of strategic partnership between the two countries", Egypt's presidential spokesman Bassam Rady said in a statement. Rady also highlighted the significance of the visit's timing in light of the "great challenges currently taking place in the Middle East, which require mutual coordination between Egypt and Saudi Arabia." More»
Amwal Al Ghad English - 2018-03-03 06:53:46
Egypt's Ministry of Foreign Affairs is closely following up on an attack in the UK on 18-year-old Egyptian student Mariam Abdel-Salam, who fell into a coma after being assaulted on 20 February, the ministry's spokesperson Ahmed Abu Zeid said in a statement on Friday. Abdel-Salam, who lives with her family in Nottingham and is a Central College engineering student in Beeston, was punched repeatedly and verbally assaulted by a group of women in a crowded area near a mall in London, according to a report by local newspaper Nottingham Post. City police said that Abdel-Salam has recovered from the coma but is still in intensive care at Queen's medical centre, according to the Nottingham Post. The Egyptian consulate and embassy in London are in contact with the victim’s family, the municipal authority, the UK foreign ministry, and the hospital where Abdel-Salam is being treated, the foreign ministry’s statement added. The Egyptian embassy has also been in communication with the head of the Egyptian Medical Association in the UK to follow up on Abdel-Salam's medical condition, the statement said. According to the Nottingham Post, Abdel-Salam’s younger sister said “we don't understand who would do this to her, she is very quiet and never gets involved in any problems. She was originally released from hospital on the same day and once we got her home she started to deteriorate and so she was rushed back to hospital.” The Egyptian foreign ministry, through its embassy in London, is stressing that local police should take the incident seriously and arrest those responsible for the "brutal attack," especially given that the incident was recorded on a bus camera. A 17-year-old female suspect was arrested on Friday in connection with the attack, the Nottingham Post reported. More»
Amwal Al Ghad English - 2018-03-01 06:14:31
Mubarak-era steel tycoon Ahmed Ezz will pay 1.7 billion Egyptian pounds as part of a reconciliation deal with the Egyptian government, Egypt's prosecutor-general Nabil Sadek said in a statement on Wednesday. Sadek, who heads the national committee tasked with recovering funds from abroad, said that the payment includes  600 million pounds of Ezz's funds recovered from abroad. Ezz, who was released from prison on bail in 2014, served as the secretary-general of former president Hosni Mubarak’s now-dissolved National Democratic Party (NDP). He also acted as the spokesperson of the then ruling NDP in parliament between 2005 and 2010. Following the 2011 uprising, Ezz was sentenced to prison in several corruption cases, but most of the verdicts against him were later overturned. Ezz is currently facing retrial in the "Dekheila steel case," where he faces charges of squandering public funds and illegally acquiring the Dekheila steel plant. Ezz has requested to reconcile with the government in the case. In March 2013, Ezz was sentenced to 37 years in prison and fined 2 billion pounds by a criminal court for profiteering and squandering public funds. In December 2013, the Court of Cassation overturned the ruling and ordered a retrial. Ezz is the former chairman of Ezz Steel, the largest steelmaker in the Middle East and North Africa, which controls some 50 percent of Egypt's steel market. More»
Amwal Al Ghad English - 2018-03-01 05:30:23
Egypt's Ministry of Transport announced that the death toll in a collision between a cargo and a passenger train in Beheira has risen to 15, with 40 people injured. A passenger train collided with a cargo train in Beheira on Wednesday afternoon. The Railway Authority explained in a statement the cause of the accident, saying part of the passenger train’s wheel fell off from the third wagon and hit the cargo train. The Authority explained in its statement that it immediately lifted the collapsed carriages using specialized machines. It added that Chairman of the Railway Authority Sayyed Salem headed to the scene of the incident accompanied by other Authority officials. He added that 30 ambulances were dispatched to the scene to transfer the wounded to hospitals. More»