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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        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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 - 2017-12-25 11:56:15
A campaign backing Egyptian President Abdel Fattah al-Sisi announced Sunday collecting over 12 million signatures of Egyptians supporting him to run for a second term in the 2018 presidential elections. "The campaign collected 12,132,640 valid signatures on an application that supports the candidacy of President Abdel Fattah al-Sisi for a new presidential term," said the campaign, known as "So You Can Build It (Egypt)," in a press conference attended by some parliament members. The campaign vowed to gather more than 12.1 million signatures in the most populous Arab country only in a few months, as it started in September 2017 and managed to establish 168 headquarters in 27 provinces nationwide. Mohamed al-Garhy, the campaign's chief coordinator and member of the Nation's Future Party, said that the main goal of the campaign is to "safeguard Egypt," stressing that Sisi managed to protect the country from the chaos and bloodshed witnessed in its fellow Arab states like Syria, Libya and Yemen. Sisi was elected president in mid-2014, a year after he led the ouster of his Islamist predecessor Mohamed Morsi in July 2013 in response to mass protests against Morsi's one-year rule and his now-outlawed Muslim Brotherhood group. The Egyptian president has yet to formally announce his candidacy in the 2018 elections, but he is widely expected to do so and to earn a landslide victory due to the absence of competitive challengers in the presidential bid. Egyptian rights and opposition lawyer Khaled Ali announced last month his intention to join the 2018 presidential race. There is a possibility for Ali's disqualification as he had received a suspended three-month jail term in September. The lawyer was accused of reportedly making an obscene hand gesture challenging the government after winning a court order. On the other hand, former Prime Minister Ahmed Shafiq, who fled Egypt after narrowly losing to Morsi in the 2012 elections, announced from the United Arab Emirates his intention to run for president. Shafiq came back to Egypt in early December and said he will reconsider his decision. More»
Amwal Al Ghad English - 2017-12-25 06:05:25
The Egyptian presidency said that the recent overwhelming vote in the UN General Assembly against the decision by US President Donald Trump to recognise Jerusalem as Israel’s capital is a “positive sign” for the Palestinian cause. The vote was passed with 128 countries in favour, nine against, and 35 abstentions. Presidency spokesperson Bassam Rady told Al-Ahram Arabic news website on Sunday that this international consensus is “unprecedented,” especially when it comes to the Palestinian issue. Rady said that there had previously been camps for and against, but that this latest overwhelming support, even from Britain – the architect of the Balfour declaration, which paved the way for the creation of Israel – is a good sign for the Palestinian cause. Following Trump's decision, Egypt presented a draft resolution to the Security Council on behalf of Arab countries that would have required the US to reverse its decision. The resolution was vetoed by the US after gaining support from all 14 other members of the Security Council, including key US allies Britain, France, Italy, Japan, and Ukraine. Rady stressed that the General Assembly vote was achieved through an Egyptian initiative following the US veto in the Security Council. "Egypt is looking to capitalise on this momentum through dialogue with members of the international community," he added. The spokesman said that Egypt's stance against the US declaration on Jerusalem is consistent with its historic commitment to the Palestinian cause, of which Jerusalem is a vital part, adding that Egypt “will never abandon the Palestinian cause.” Egypt has long maintained its support for the establishing of a Palestinian state along the 1967 borders with East Jerusalem as its capital. More»
Amwal Al Ghad English - 2017-12-25 06:02:28
President Abdel Fattah al-Sisi will make his decision on whether to run for the upcoming presidential elections, which are scheduled for early 2018, “when the time is appropriate", the presidency spokesman said on Sunday. "President Sisi is keen to present to the Egyptian people the efforts he has undertaken during his presidential term, after which he will decide if he will run in the 2018 presidential elections," the spokesman told Ahram's Arabic news website. According to the constitution, the president of Egypt is elected using the two-round system. Election proceedings are to begin no later than 120 days before the end date of the current presidential term, which ends on 7 June 2018. Results are to be announced no later than 30 days before the end of the current presidential term. More»
Amwal Al Ghad English - 2017-12-25 05:57:02
Alexandria's Port authority closed the ports of Alexandria and Dekheila for a second consecutive day on Sunday due to the bad weather conditions, state news agency MENA reported. Earlier on Sunday, Alexandria and other locations along the north coast experienced winter rainfall, reducing visibility at sea. However, there were no reports of traffic on land being affected. A source at the authority told MENA that the decision to close the two ports was taken to prevent ships from colliding with each other or with the ports' docks. Alexandria experiences rain storms every winter, with the current spell of rainy weather due to continue for five days, according to meteorologists. More»
Amwal Al Ghad English - 2017-12-24 12:10:26
Egypt’s Foreign Minister Sameh Shoukry is visiting Addis Ababa next week for talks with his Ethiopian counterpart, a foreign ministry spokesman said, in a bid to end a standoff over a multi-billion dollar dam project on the Nile river. The dispute, which also involves Sudan, centers on control of a share of the waters of the Nile that stretches 6,695 km (4,184 miles) from Lake Victoria to the Mediterranean and is the economic lifeblood of all three countries. Cairo says the dam would threaten water supplies that have fed Egypt’s agriculture and economy for thousands of years. Ethiopia says the Grand Renaissance Dam, which it hopes will help make it Africa’s largest power exporter, will have no major effect on Egypt. It accuses Cairo of flexing its political muscle to deter financiers from backing other Ethiopian power projects. Delegations from Egypt, Sudan and Ethiopia met in Cairo in November to approve a study by a French firm commissioned to assess the dam’s environmental and economic impact. But negotiations stalled when they failed to agree on the initial report with each blaming others for blocking progress. Sudan’s Irrigation Minister Moataz Moussa said Egypt was unwilling to accept amendments to the report put forward by Khartoum and Addis Ababa. Sudan and Ethiopia had expressed concern over several points, especially the proposed baseline from which the study would measure the dam’s impacts, Moussa said in November. Another source of disagreement is whether Ethiopia plans to complete construction before negotiations over water flows have finished. “It’s clear they don’t want to reach conclusions quickly. We believe they probably want to start filling the dam and complete construction while there are still some ongoing discussions,” said Mahmoud Abou Zeid, Arab Water Council Chair and former Egyptian irrigation minister. He said this would violate an agreement signed by all three countries in Khartoum in 2015 meant to ensure diplomatic cooperation and stem fears of a resource conflict. Cairo fears the 6,000-megawatt dam, being built by Italy’s largest construction firm, Salini Impregilo SpA, and due for completion next year, will reduce the flow it depends on for drinking water and irrigation. Egyptian officials say safeguarding the country’s quota of Nile water is a matter of national security. “No one can touch Egypt’s water ... (which) means life or death for a population,” President Abdel Fattah al-Sisi said last month. More»
Amwal Al Ghad English - 2017-12-24 05:49:38
Egypt will increase the price of underground metro tickets and base it on the length of each commute next October after the completion of Cairo’s fourth metro line, Minister of Transportation Hesham Arafat said in a phone interview with Salet Al-Tahrir TV programme on Sada El-Balad channel on Saturday. Arafat argued that the "low price of metro tickets has for years been one of the biggest problems facing the country’s transportation sector." Last March, Egypt doubled the price of standard metro tickets to 2 pounds. Arafat had said in July that ticket prices for Cairo’s metro system are expected to see a gradual increase, eventually reaching 4 pounds by the last quarter of 2018. Cairo’s fourth metro line will run from downtown to Cairo International Airport in the easternmost part of the city. In recent years, Metro officials have urged the cabinet to increase ticket prices in order to stop financial losses. Cairo’s underground metro 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 residents rely on the metro in their daily commutes, according to estimates by the country's National Authority for Tunnels. More»
Amwal Al Ghad English - 2017-12-23 09:09:41
Negotiations between Egypt and Russia on the resumption of charter flights will commence in April 2018, said Mostafa Khalil, the Vice President of the Federation of the Chambers of Tourism. Khalil told Al-Masry Al-Youm said that regular flights could attract 300,000 tourists in 2018. Cultural tourism, he says, is key to attracting Russian visitors to Cairo, while recreational tourism must be strengthened to bring Russian tourists to the Red Sea resorts of Sharm el-Sheikh and Hurghada. He added that Egyptian tourism companies are preparing promotion campaigns targeting Russians, in cooperation with the Tourism Promotion Authority. A Russian passenger plane crashed in Sinai, October 2015, and killed all 224 people on board. It was claimed as a terrorist attack by an IS-affiliated group, and Russia subsequently suspended flights to Egypt, which led to Egypt’s tourism industry taking a substantial hit. Prominent businessman Shady Samir called for encouraging the return of charter flights from Russia to Sharm el-Sheikh and Hurghada as soon as possible. After the resumption of flights between Egypt and Russia, which is expected in February, Russian tourists must fly to Cairo International Airport and take a transfer flight to Sharm el-Sheikh, which will raise the costs for Russian tourists, Samir said, and a high holiday cost may deter Russian tourists from visiting Egyptian resorts. An infographic created by state-run Russia Today in December revealed that 300,000 Russian tourists are expected to arrive in Egypt in the initial period following February’s resumption of flights between the countries. Russia Today anticipates that Egypt’s tourism industry will generate $3.5 billion in the first months of 2018. In December, Russian Transport Minister Maxim Sokolov and Egyptian Civil Aviation Minister Sharif Fathi signed a cooperation agreement on civil aviation security in preparation for the resumption of flights between the two countries in February. The signing ceremony was held at the Russian Ministry of Transport in Moscow in the presence of Ehab Nasr, the Egyptian Ambassador to Russia, along with high-level diplomats and officials. Fathi said that flights between Moscow and Cairo would resume on February 1, and that the two countries would further discuss in April the resumption of charter flights between the two countries. Sokolov said that Cairo International Airport met all aviation security requirements, while Sharm el-Sheikh and Hurghada airports require greater security, which is the task for next year. Tourism revenues make up 11.5 percent of Egypt’s total GDP according to the Ministry of Tourism, and the estimated cost of the Russian (and previously UK) suspension of flights cost Egypt’s tourism industry $4 million per day. More»
Amwal Al Ghad English - 2017-12-23 06:42:11
Rights groups and a press freedom organisation renewed calls on Egyptian authorities Friday to release an Al-Jazeera journalist whose detention passed the one-year mark. Egypt accuses the Qatar-based news network of bias toward Islamist groups including its own outlawed Muslim Brotherhood group. The statements from Human Rights Watch, Reporters Without Borders (RSF) and Amnesty International mark one year since the arrest of Mahmoud Hussein, believed to have been apprehended while in Egypt on vacation. He is accused of publishing false information and belonging to a banned group. "Mahmoud Hussein languishing for over a year in pretrial detention demonstrates Egypt's deep-rooted intolerance for free expression," said Sarah Leah Whitson, HRW's Middle East director. Similarly, RSF and Amnesty International slammed Egypt over his detention for "no apparent reason." Al-Jazeera also demanded Hussein's release in earlier statements, saying his health deteriorated while in prison. Authorities have arrested several Al-Jazeera journalists since the military ouster of Islamist President Mohammed Morsi, who enjoyed Qatar's support, in 2013 following mass protests against his one-year rule which proved divisive.Relations between Egypt and Qatar have been fraught with tension since Morsi's ouster and the Al-Jazeera network, especially its Arabic service, and its staff has been embroiled in the wider political rift between Cairo and Doha. In June, Egypt along with other Arab nations severed ties with Qatar over allegations that, among other charges, it supports terrorist groups and uses Al-Jazeera as a mouthpiece to destabilize the region. They demanded Qatar shut down the widely viewed network. Al-Jazeera's website is among hundreds blocked in Egypt, including many run by rights groups. Egypt ranks near the bottom of press freedom indexes. It's third on the list of the world's top jailers of journalists, for the second year in a row, according to a report by the Committee to Protect Journalists released earlier in December. Under President Abdel Fattah al-Sissi, Egypt has launched a wide-ranging crackdown on dissent, jailing thousands of people, mainly Morsi's Islamist supporters but also a number of well-known secular activists. More»
Amwal Al Ghad English - 2017-12-23 05:49:16
Egypt’s Grand Mufti Shawki Allam hailed on Friday a historic United Nations General Assembly (UNGA) resolution on Thursday calling for the US to drop its recent recognition of Jerusalem as Israel's capital. In an official statement, Allam said the “sweeping” outcome – with 128 countries voting in favour – "reaffirms the international consensus on Palestinian rights and contributes to solidifying those rights internationally and legally." “The all-embracing vote to reject the iniquitous American decision reflects the victory of the will of nations and free countries in fighting the Israeli arrogance and unjust pro-occupation decisions of America,” the statement read. The Islamic leader offered his gratitude to those countries who "supported Palestinian rights and sided with justice, combating attempts to falsify facts." On Thursday, Al-Azhar, the highest institution of Sunni Islamic learning, said it welcomed the UNGA resolution, saying it affirmed that any decisions or procedures that aim to change the status of Jerusalem are null and lacking in legal effect. In Thursday's UNGA session, 128 nations voted in favour of the resolution, 9 against, with 35 abstentions. The non-binding resolution called on the US to rescind its 6 December decision to recognise Jerusalem as Israel's capital. The 193-nation assembly voted on a draft resolution reaffirming that the status of Jerusalem is an issue that must be resolved through negotiations and that any unilateral decision on its status must be rescinded. On Monday, Egypt put forward a draft resolution at the UN Security Council that was vetoed by the US but backed by all 14 other Council members. Like the Egyptian draft, the text before the UNGA did not mention Trump's decision, but expressed "deep regret at recent decisions concerning the status of Jerusalem." Prior to the vote, US ambassador to UN Nikki Haley, said the US would "take note of each and every vote on this issue," signaling potential cuts in US aid for those who voted against Trump's move. The US provides some $13 billion to countries in the Middle East and North Africa, $6.7 billion to countries in South and Central Asia, $1.5 billion to states in Europe and Eurasia and $2.2 billion to Western Hemisphere countries, according to USAID. More»
Amwal Al Ghad English - 2017-12-21 08:35:52
The Daesh-affiliated Ansar Beit Al-Maqdis terrorist group claimed its responsibility for a missile attack on North Sinai’s El-Arish airport on Tuesday, which killed one military officer and injured two other people. The group released a short statement online saying that it fired a Kornet anti-tank guided missile at a helicopter at the airport. More»