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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        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 - 2017-12-12 07:05:12
Egypt’s former Prime Minister Ahmed Shafiq will within days declare his final decision on whether he will participate in next year’s presidential elections, Shafiq’s Egyptian National Movement Party said on Sunday. The deputy head of the party Raouf al-Sayyed said that Shafiq is currently holding consultations with party leaders and public figures to evaluate his situation. Sayyed met Shafiq late Saturday at one of the major hotels in Cairo’s Fifth Settlement district. He said that Shafiq is keen to support the party during to become more positive and interactive with the political scene. He further stated that Shafiq is in good health, and assured that he, as a former government official, is receiving care from the Egyptian authorities. Shafiq returned to Egypt earlier this month amid conflicting reports about the circumstances of his arrival. He was reportedly deported from the UAE after dismaying UAE authorities and declared his bid for president from there. He later said he was prevented from departing from the UAE. In a phone-in with popular TV show al-Ashera Masa’an, the former premier denied the claims. In a Reuters report last week, different sources said that Shafiq is not completely free, noting that plainclothes security personnel prevented Reuters reporters from approaching Shafiq. Shafiq was a candidate in Egypt’s 2012 presidential elections, where he lost by a slim margin to the now-ousted President Mohamed Morsi of the Muslim Brotherhood. He was also a senior commander in the Egyptian Air Force and later served as former President Hosni Mubarak’s last Prime Minister during the 25 January Revolution of 2011. More»
Amwal Al Ghad English - 2017-12-12 06:55:55
Egypt's Governor of Monufiya, Hesham Abd al-Bast, declared on Sunday his confidence that voters in his governorate will support Egyptian President Abdel Fattah al-Sisi in the 2018 presidential election, after numerous major projects were successfully initiated and carried out during Sisi’s first term in office. Speaking at a conference organized by the ‘Kolena Maak men agl Misr’ campaign (We all stand by you for Egypt), al-Bast stated that Monufiya voters are nationalists, and assured that they will support Sisi for a second presidential term. Declaring a similar message, media professional Ahmed Shober noted that in the 2014 presidential election, Monufiya voters’ support for Sisi was the highest in the country. In his first term, Sisi’s government administered electricity projects to light up rural areas across different governorates in the country. Shober added that it also carried out efforts to deliver state subsidies to their beneficiaries. Despite three presidential hopefuls announcing their candidacy for the 2018 election– rights lawyer Khalid Ali, Colonel Ahmed Konsowa, and former prime minister Ahmed Shafiq– sitting president Sisi has yet to announce his candidacy for the April’s election. Sisi, however, is widely expected to run for a second term in office. He previously stated that he will only consider a second presidential term if the Egyptian people are in favor of it. “I can never not respond to the will of Egyptians. I’m under the will of the Egyptian people,” affirmed Sisi. “If it is their will that I run for presidency again, I will.” Recent research from the public opinion research group, the Baseera Center indicates the wider Egyptian population would indeed be in favor of a second term for Sisi, claiming 75 percent of Egyptians are satisfied with Sisi’s overall performance. More»
Amwal Al Ghad English - 2017-12-11 14:15:52
Egypt's President Abdel-Fattah El-Sisi and his Russian counterpart Vladimir Putin, who is currently visiting Cairo attended a ceremony of signing an agreement to officially launch work on Egypt's first-ever nuclear power plant at Dabaa on the north coast.Egypt's Minister of Electricity Mohamed Shaker and the Russian Rosatom Director General Alexi Likhatchev signed the document to officially start the project. According to the initial Dabaa agreement signed by the two countries in 2015, Russia would build four reactors, each producing 1,200 megawatts of electricity, making a total output of 4,800 megawatts.The first reactor in Dabaa project is expected to begin operations in 2024, with the entire project to be completed within 12 years.The agreement completes an preliminary agreement signed with Russia in November 2015 to build a nuclear power plant in Dabaa, along with a $25 billion loan to cover 85 percent of the plant, with Egypt funding the remaining 15 percent. Russian nuclear firm Rosatom will finance and construct four third-generation reactors, with a capacity of 1,200 megawatts (MW) each, for a total of 4,800 megawatts. The plant will be built on approximately 12,000 feddans and is expected to create over 50,000 job opportunities. More»
Amwal Al Ghad English - 2017-12-11 07:10:25
Egypt’s Foreign Affairs Minister Sameh Shoukry asserted on Saturday that President Abdel Fattah al-Sisi did his best to refrain his U.S. counterpart from taking the decision to recognise Jerusalem as the capital of Israel. He explained that Sisi opened communication channels with Trump to refrain him from taking the decision. However, no effective response arrived from the US administration regarding the matter. In a speech delivered during a session on Saturday night in the Arab League headquarters among Arab Foreign Affairs ministers to discuss the Trump’s decision, Shoukry noted that Sisi’s calls to resume peace negotiations between Palestinians and Israelis was neglected. He stressed that Egypt is totally refusing the US’ recognition of Jerusalem as capital of Israel, saying that his country is supporting the current Palestinian uprising against the decision. On Wednesday, US President Donald Trump declared Jerusalem as Israel’s capital, a move that stirred controversy among his western allies as well as across the Arab world. Following Trump’s decision, the spokesperson for Egypt’s Foreign Ministry, Ahmed Abu Zeid called upon the UN Security Council to convene an urgent meeting to discuss the matter and to hear a statement from UN Secretary General, Antonio Guterres. More»
Amwal Al Ghad English - 2017-12-10 08:04:12
Egypt and Russia will sign the Dabaa nuclear power plant agreement on Monday in Cairo. The total cost of establishing the plant is $30 billion and Egypt will recover the plant’s construction cost within 13-15 years. the Dabaa plant will cost Egypt about $60 million annually to purchase the required nuclear fuel, while the operation of a power plant using gas turbines with a similar capacity would cost $200million annually. More»
Amwal Al Ghad English - 2017-12-09 07:02:01
The head of Egypt’s Al-Azhar, Ahmed El-Tayyeb, has cancelled a planned meeting with US Vice President Mike Pence after this week’s decision by the US to recognise Jerusalem as the capital of Israel, which he said in a statement “forges history and steals people’s rights, and attacks their holy places." "How can I sit with those who gave what they do not own to those who did not earn them? The US president should immediately reverse this illegal and illegitimate decision," the statement published on Al-Azhar’s Facebook page on Friday said. President Donald Trump on Wednesday recognised Jerusalem as the capital of Israel, drawing a flurry of condemnation from the Arab world and Western allies. The US embassy in Cairo had requested a meeting between Vice President Mike Pence and El-Tayyeb on 20 December.The grand sheikh had initially accepted the meeting, but he said he has now declined it "in a steady stance towards the US administration’s decision to recognise Jerusalem as the capital of the Zionist occupation, and move the US embassy to Jerusalem, in a provocative act to the feelings of Muslims around the world." The head of Al-Azhar holds the Trump administration responsible for “sparking hatred in the hearts of Muslims and supporters of peace,” and squandering the principles of democracy, justice, and peace, the sheikh said. Following Friday prayers, El-Tayyeb addressed Jerusalem residents, saying, "Let your third intifada be as much as you have faith in your cause, and love to your home country; we are with you and will not let you down." Hundreds of Egyptians demonstrated on Friday in Cairo and Alexandria against the US decision to recognise Jerusalem as the capital of Israel. Several Arab and Asian countries have also witnessed protests against Trump's decision. The move broke with US longstanding policy that the status of the city must be determined in negotiations with the Palestinians who seek to establish an independent state with East Jerusalem as its capital. More»
Amwal Al Ghad English - 2017-12-09 06:59:41
Hundreds of Egyptians demonstrated on Friday in the capital Cairo and the Mediterranean city of Alexandria against U.S. decision to recognise Jerusalem as the capital of Israel. Hundreds protested at Cairo's Al-Azhar mosque following weekly Friday prayers, raising signs and chanting slogans supporting the Palestinians and their right to establish an independent state and affirming Jerusalem's Arab and Islamic identity, Egypt's state-run news agency MENA reported. In Alexandria, dozens protested at the Al-Qaed Ibrahim mosque in the central part of the coastal city, burning an Israeli flag and chanting "Jerusalem is Arab". Security forces deployed a number of armoured vehicles in the vicinity of the mosque. MENA reported that police have taken necessary measures to prevent any violations. US President Donald Trump on Wednesday recognized Jerusalem as the capital of Israel, drawing a flurry of condemnation from the Arab world and Western allies. The move broke with US longstanding policy that the status of the city must be determined in negotiations with the Palestinians who seek to establish an independent state with East Jerusalem as its capital. More»
Amwal Al Ghad English - 2017-12-07 06:47:37
Egyptian President Abdel Fattah al-Sisi emphasised Egypt's "firm position" that Jerusalem should maintain its legal status in a phone call with US President Donald Trump on Tuesday, following the latter's announcement that the US would move its embassy from Tel Aviv to Jerusalem. Sisi stressed the importance of "maintaining the legal status of Jerusalem within the framework of international rules and relevant UN resolutions," the presidential office said in a statement. The Egyptian president urged against "complicating the situation in the region by introducing measures that would undermine chances for peace in the Middle East." A senior administration official said last week that Trump is likely to announce that the United States will recognise Jerusalem as Israel's capital, a move that could fuel tensions in the Middle East and undermine Palestinian-Israeli peace efforts. The Palestinians have been seeking to establish an independent state with east Jerusalem as its capital. Israel annexed east Jerusalem after the 1967 war, a move that was never recognized by the international community. Earlier on Tuesday, Egypt's foreign minister Sameh Shoukry discussed with his French counterpart Jean Yves Le Drian the expected decision by the US, with both leaders calling on the Trump administration to be "careful" before taking the move. The two FMs warned about the "potentially dangerous repercussions on the situation in the region and the future of the peace process." Palestinian-Israeli peace talks have been stalled for years, collapsing most recently in 2014 partly over Israel's opposition to an earlier Palestinian move to reconcile with Islamist group Hamas, as well as Israel's ongoing building of settlements on occupied land. Arab League Secretary-General Ahmed Aboul Gheit said on Saturday that any move by the United States to recognise Jerusalem as Israel’s capital would fuel extremism and violence. More»
Amwal Al Ghad English - 2017-12-06 07:13:37
Egypt’s permanent representative at the Arab League Yasser El-Atawi warned against undertaking any unilateral actions that could undermine the course of peace between the Palestinians and Israelis, after recent reports that the US administration was considering moving its embassy from Tel Aviv to Jerusalem. El-Atawi said at an emergency meeting of the Arab League Council in Cairo on Tuesday that the historical and legal status of Jerusalem for Arabs and Palestinians is a sensitive issue that should be dealt with wisely to prevent fuelling tension in the region. El-Atawi added that Egypt would continue its efforts to work towards establishing an independent Palestinian state with East Jerusalem as its capital in accordance with the Arab peace initiative. The Arab League Council issued a resolution on Tuesday stating that recognising Jerusalem as the Israeli capital or establishing any diplomatic mission in the city would be a "blatant assault" on Arab nations as well as Muslim and Christian Palestinians. The council also called on the US and all nations to commit to international resolutions on Jerusalem, describing any move to recognise Jerusalem as a capital for Israel as a "dangerous violation" of UN Security Council resolutions. On Monday, US President Donald Trump delayed a decision on whether the US would relocate its embassy to Jerusalem. The White House said that Trump would miss a deadline to decide on shifting the embassy from Tel Aviv, after a frantic 48 hours of public warnings from allies and private phone calls between world leaders. Israel has occupied east Jerusalem and the West Bank since the 1967 Six-Day War. It later annexed east Jerusalem in a move that is considered illegal by the international community. Israel claims the entire city as its undivided capital, while the Palestinians seek the eastern part of the city for the capital of their future state. In March 2016, Trump promised in a speech to the American Israel Public Affairs Committee (AIPAC) to move the American embassy to the "eternal capital of the Jewish people," Jerusalem. More»
Amwal Al Ghad English - 2017-12-05 06:36:30
Egypt expresses extreme concerns about the unfortunate current developments taking place in Yemen, which led to the killing of former President Ali Abdullah Saleh by Houthi rebels earlier Monday, the Egyptian foreign ministry has announced. According to the statement, the killing of Saleh at the hands of Iranian-backed Houthi rebels would only escalate the current spilt and tensions in Yemen. The Egyptian foreign ministry considers these developments to be a reflection of the crisis Yemen has been suffering from for years as a result of "negative foreign interference." The ministry also renewed Egypt's position on the conflict in Yemen, calling all parties involved to be committed to a political solution in the war-torn country according to UN security council resolution 2216, as well as the 2013-14 National Dialogue Conference and the Gulf Initiative. Egypt is currently a member of the Saudi-led military coalition against the Iranian-backed Houthi rebels in Yemen. More»