amwalalghad :: Egypt News

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        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        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        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 - 2017-12-18 07:35:29
Egypt's President Abdel-Fattah El-Sisi discussed with Italian interior minister Marco Minniti during a meeting in Cairo boosting Egyptian-Italian ties as well as the ongoing probe into the 2016 murder of Italian student Giulio Regeni in Cairo, El-Sisi's office said.El-Sisi and Minniti discussed "means to bolster ties between the two countries and exchanged views on international and regional issues of mutual interest," a statement by the Egyptian presidency said. More»
Amwal Al Ghad English - 2017-12-18 07:28:10
The Egyptian Cabinet approved the first phase of projects executed at a cost of LE 2.1 billion in the Qena and Sohag governorates. These projects are funded by the World Bank loan valued at $500 million and directed to the development of these governorates, Planning Minister Hala El Saed said. The Planning Minister Hala El Saed added that  1.1 billion pounds would be directed to projects in Sohag, while the rest would go to Qena. More»
Amwal Al Ghad English - 2017-12-17 07:05:33
Egyptian authorities on Saturday opened the Rafah border crossing between Egypt and Gaza in both directions to allow students, patients, humanitarian cases, and residence permit holders in Egypt and other Arab and foreign countries and workers abroad to pass. The crossing is set to remain open for four days. The responsibility of the crossing is under the Palestinian Authority (PA) since it regained control of Gaza’s border crossings on November 1 following an Egyptian-mediated reconciliation deal between PA President Mahmoud Abbas’s Fatah party and the Hamas movement. An Egyptian official speaking on condition of anonymity said that additional work crews were provided from the various bodies operating at the crossing from the Egyptian side to speed up the procedures and facilitate the crossing of Palestinians in both directions, in addition to providing an additional number of vehicles for transport between the two sides. More»
Amwal Al Ghad English - 2017-12-17 06:16:31
Egypt's defence minister Sedky Sobhy and his French counterpart Florence Parly inaugurated on Saturday a training centre for piloting Rafale fighter jets at an Egyptian airbase, the Egyptian Armed Forces announced in a statement. Sobhy and Parly held talks in Cairo at the Ministry of Defence headquarters, where they spoke about recent developments in the Middle East and cooperation between Egypt and France in defence and industry, as well as the exchange of expertise and training. The meeting was attended by Egyptian army chief-of-staff Mohamed Farid Hegazy. In 2015, Egypt signed a deal to acquire 24 Dassault Rafale fighter jets from France, of which it has received 11. The tour by the two ministers at the airbase was attended by Egyptian air force commander Younes El-Masry as well as a number of Egyptian military officials and a French delegation accompanying Parly. Earlier on Saturday, Parly met with President Abdel Fattah al-Sisi, where they discussed boosting military cooperation. Egypt has made several purchases of French military hardware in recent years, the most recent of which was a Gowind 2500 Corvette naval vessel, which arrived in Alexandria in October. The vessel is one of four such models purchased by Egypt in a deal signed in 2014. More»
Amwal Al Ghad English - 2017-12-16 07:03:17
Egypt and Russia’s transportation ministers signed in Moscow on Friday a protocol to resume flights between Cairo and Moscow for the first time since 2015, starting February 2018, Egypt’s aviation ministry said in a statement. The Egyptian and Russian sides also agreed to hold meetings in April to discuss the resumption of flights from Moscow to Egyptian touristic resort cities, the ministry’s statement added. The protocol stipulates that the governments of Egypt and Russia will give the green light for airlines to resume flights by 1 February, with each airline scheduling flights according to its own commercial considerations. Egypt's Minister of Aviation Sherif Fathy travelled to Moscow on Thursday to sign the protocols with his Russian counterpart Maxim Sokolov. Earlier on Friday, Sokolov said that that Cairo International Airport has satisfied all the Russian requirements for aviation security. The Russian minister added that security at airports in Egypt’s Red Sea resorts “need more work,” adding that this will be a mission for the upcoming year. Flights between Russia and Egypt were halted in 2015 following the crash of a Russian passenger jet in Sinai that killed all 224 people on board. Since the crash, Egypt has been implementing tighter security measures in its airports to meet Russian demands, with the aim of restoring Russian tourism. Earlier this week, Russian President Vladimir Putin met with Egypt’s President Abdel-Fattah El-Sisi in Cairo for the signing of the deal to construct the Dabaa nuclear power plant as well as discuss resuming flights. The downing of the Russian flight has dealt a blow to Egypt's tourism industry, a major source of hard currency, with the number of tourists dropping by some 50 percent in the first half of 2016 year-on-year. Russians used to make up the largest tourist group in Egypt, contributing about one-fifth of foreign vacationers in the country as of 2015, according to official data. More»
Amwal Al Ghad English - 2017-12-14 06:33:16
Over 80,500 feddans (33,600 hectares) of Egyptian farmland have seen various violations over the past seven years, agriculture ministry spokesman Hamid Abdel-Dayem told Ahram Online on Wednesday. Egyptian farmers have continued to build houses without permits on their lands or sell them. Over 1.8 million violations, which include construction, dredging or neglect, have been documented since the 2011 revolution, spokesman Abdel-Dayem said. In 2016, President Abdel Fattah al-Sisi formed a national committee to reclaim agricultural state land in accordance with Egyptian law, with the president later instructing governors, the interior ministry, and the Armed Forces to put an end to such transgressions. Since then, over 919,000 feddans have been reclaimed by the state, while 771,000 feddans are being used for agriculture with their occupants filing formal requests to purchase the land, according to statistics provided by Prime Minister Sherif Ismail last June. Although construction without permits on agricultural land is punishable by jail terms or fines, the practice has continued in Egypt over the years. Only 30 percent of the violations on almost 25,000 feddans have been removed, Abdel-Dayem said, citing a report issued by the ministry earlier this week. The agriculture ministry can only take action against violations during early stages of digging or preparation for construction. Provincial governors, in coordination with the military and police, are responsible for handling the violations if residential building blocks have already been constructed. Abdel-Dayem says the ministry launches periodic campaigns to clamp down on illegal building on farmland. Egypt is estimated to have around 10 million feddans of agricultural land, which has provided a lifeline for millions of Egyptians. However, urban expansion has eaten up large swathes of farmland to make way for a growing population that is concentrated along the fertile banks of the Nile. Agricultural production made up 11.7 percent of the country's gross domestic product from March 2016 until September 2017, recording  219.7 billion pounds, according to a cabinet report in November. More»
Amwal Al Ghad English - 2017-12-14 06:30:31
Egypt’s Foreign Minister Sameh Shoukry said before an urgent meeting of the Organisation of Islamic Cooperation (OIC) in Istanbul on Wednesday that Egypt will be at the forefront in confronting any attempts to circumvent the realisation of historic and legal Palestinians rights. Shoukry said that the stability of the region and the world will be affected by any ill-conceived moves on Jerusalem, reaffirming Cairo’s rejection of last week's decision by US President Donald Trump to recognise the city as the capital of Israel. Shoukry, who attended the OIC meeting representing Egypt’s President Abdel Fattah al-Sisi, said that the any change to the status of Jerusalem means rewarding the occupation and killing a historic and legal right of Palestinians; it would render any talk of peace devoid of any meaning. The minister said that Jerusalem is an indivisible part of Palestinian land occupied since 1967, which is a historical and legal fact supported by the decisions of the UN Security Council and the General Assembly, adding that this fact cannot change except with the end of the occupation. Shoukry said that the Palestinians have been subject to a tragedy for seven decades, and that Jerusalem is part of the tragedy the Palestinian people have lived since the occupation started in 1967. Egypt has been committed to defending the rights of the Palestinians since 1948, and has sacrificed all that is dear to do so, and will continue to defend Palestinian rights, Shoukry said. The FM said that the Palestinians and Arabs have accepted a resolution to the conflict based on the two-state solution, at the heart of which is the recognition of the right of the Palestinian people to establish their state on the land occupied in 1967. A final statement by the OIC on Wednesday declared "East Jerusalem as the capital of the State of Palestine" and invited "all countries to recognise the State of Palestine and East Jerusalem as its occupied capital." The member countries declared Trump's decision "null and void legally" and "a deliberate undermining of all peace efforts" that would give impetus to "extremism and terrorism." Egypt decries the US decision, which violates international legitimacy and considers it inconsequential in terms of affecting any new legal or political new reality, Shoukry said. More»
Amwal Al Ghad English - 2017-12-13 06:51:21
Two people were killed and four others injured in the collapse of two buildings in north Cairo's Rod El-Farg district on Tuesday, Al-Ahram Arabic website reported. According to Al-Ahram, the buildings collapsed on Monday as the result of the collapse of another five-story building nearby. The civil-security forces managed to rescue four injured people from the ruins of the two buildings. However, two other people, a 45-year-old-woman and a five-year-girl, died in the collapse. Rescue workers are still conducting search-and-rescue efforts in the hope of finding more survivors. The Rod El-Farag district, once known for its fruit-and-vegetable market, is a crowded area with poor-quality housing. More»
Amwal Al Ghad English - 2017-12-12 12:50:46
Russia is planning to resume its flights to Egypt very soon, Russian President Vladimir Putin said on Monday during his one-day visit to Egypt. Russia is ready to resume Russian flights to Egypt through signing a slew of agreements with Egypt, as well as completing technical consultation, Russian state news agency Sputnik reported, citing Putin as saying. Egypt has stepped up efforts to upgrade security measures at its airports, Putin said, highlighting reports that Russia is ready to return direct flights between Moscow and Cairo. Number of Russian tourists is expected to rise to two million per year, particularly after the return of charter flights, tourism expert Hossam El Shaer told local channel CBC. El Shaer added that resuming Russian flights to Sharm el Sheikh and Hurgada is the most important step. Russian flights to Egypt will be resumed next February, said Sahar Talaat Moustafa, head of tourism committee in the Egyptian Parliament, citing Russian transport minister Maksim Sokolov as saying. Tourism minister Hisham Zazou previously estimated direct and indirect losses of the downing of a Russian airplane over Sinai in October 2016 at 3.2 billion Egyptian pounds per month. More»
Amwal Al Ghad English - 2017-12-12 09:57:26
Egyptian Foreign Minister Sameh Shoukry will head to Istanbul on Tuesday to lead the Egyptian delegation in the urgent summit meeting for the Organisation of Islamic Conference (OIC) called in response to the recent developments concerning the city of Jerusalem, the Egyptian foreign ministry announced. Attendees at the summit will address implications following last week's decision by US president Donald Trump to recognize the city of Jerusalem as the capital of Israel, as well as to order the move the US embassy there. According to the ministry statement, Shoukry will discuss Egypt's stance against US president Trump's decision to recognise Jerusalem as the capital of Israel. He will also present Egypt's diplomatic efforts to limit the decision's negative impact, including the meeting between Egyptian President Abdel-Fattah El-Sisi and Palestinian President Mahmoud Abbas in Cairo on Monday, the statement read. Egypt has maintained its full support to two-state solution, under which there is to be an independent Palestinian state with East Jerusalem as its capital. Turkey will head the current session of the OIC. More»