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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 - 2017-11-29 07:33:52
Egyptian security forces have killed 11 suspected militants in a shootout near the Sinai, the interior ministry said on Tuesday, just days after more than 300 people were killed in an attack on a mosque in North Sinai. The shootout occurred during a raid on a suspected militant hideout in the Sinai-bordering province of Ismailia, the ministry said in a statement. It said the area was being used by militants to train and store weapons and logistical equipment for attacks in North Sinai. Militants detonated a bomb and then gunned down fleeing worshippers in last Friday’s mosque attack, the deadliest in Egypt’s modern history. No group has claimed responsibility for the assault, but Egypt’s public prosecutor linked Islamic State militants to the attack, citing interviews with wounded survivors who said militants brandished an Islamic State flag. Six suspected militants were arrested as part of the operations, which also included a raid on an additional suspected militant hideout in the 10th of Ramadan, an area just outside of Cairo. Since 2013 Egyptian security forces have battled an Islamic State affiliate in the mainly desert region of North Sinai, where militants have killed hundreds of police and soldiers. The interior ministry statement on Tuesday did not directly link the suspected militants targeted in the operations to last week’s mosque attack. More»
Amwal Al Ghad English - 2017-11-28 11:23:42
A plane has clipped wings with another plane while taxiing at John F. Kennedy International Airport. The Federal Aviation Administration says the right wing of EgyptAir Flight 986, a Boeing 777 headed to Cairo, touched the left wing of London-bound Virgin Atlantic Flight 4C. It happened just after 7 p.m. Monday. There were no reports of any injuries. More»
Amwal Al Ghad English - 2017-11-28 07:03:07
The Swiss Embassy in Egypt said on Monday that it is yet to receive any official correspondence from the Egyptian Public Prosecutor’s Office regarding former president Hosni Mubarak’s money siphoned abroad. Egyptian Public Prosecutor’s Office said in a statement on Sunday that Switzerland has ended the judicial cooperation with Egypt to retrieve assets, funds and money siphoned by Mubarak and figures of his former situated in the country. “We are now looking at the statement sent (by the Public Prosecutor’s Office) to journalists and analyzing its content,” Director of Information at the Swiss Embassy in Egypt Shimaa Fayed told Al-Masry Al-Youm. The Public Prosecutor’s office said that “the reasons for the decision by the Swiss authorities in August to end the judicial cooperation with Egypt regarding assets, funds and money smuggled in Switzerland by the symbols of the regime of former President Hosni Mubarak have not been correct.” The prosecution explained that “the reasons set by the Swiss side are aimed at denying the application of a new legal text approved by Switzerland in a way that would allow Egypt to recover its smuggled money obtained from corruption crimes.” Swiss Attorney-General Michael Lauber revealed last year that Switzerland was freezing nearly $418 million belonging to 6 figures from former president Hosni Mubarak’s era. He added that criminal investigations and procedures into these funds proved that there is a list of 6 figures to whom the money belongs, among them members of the Mubarak family. More»
Amwal Al Ghad English - 2017-11-27 07:43:20
Saudi Arabia’s powerful Crown Prince Mohammed bin Salman said on Sunday an attack on an Egyptian mosque that killed more than 300 worshippers would galvanize an Islamic military coalition that aimed to counter “terrorism and extremism”. Top defense officials from 40 Muslim-majority nation’s met in Riyadh on Sunday. They are part of an alliance gathered together two years ago by Prince Mohammed, who is also Saudi defense minister. The crown prince has said he would encourage a more moderate and tolerant version of Islam in the ultra-conservative kingdom. Prince Mohamed told delegates that Friday’s attack in Egypt “was a very painful occurrence and must make us contemplate in an international and powerful way the role of this terrorism and extremism”. Gunmen carrying the flag of Islamic State attacked the mosque in North Sinai. The group of Muslim nations, called the Islamic Military Counter Terrorism Coalition, has yet to take any decisive action. Officials say the group would allow members to request or offer assistance to each other to fight militants. This could include military help, financial aid, equipment or security expertise. The group, which will have a permanent base in Riyadh, would also help combat terrorist financing and ideology. “The biggest threat from terrorism and extremism is not only killing innocent people and spreading hate, but tarnishing the reputation of our religion and distorting our belief,” Prince Mohammed told officials from the Middle East, Africa and Asia. Iraq and Syria, at the forefront of the battle against Islamic State, are not members, nor is mainly Shi‘ite Muslim Iran, the regional rival to mostly Sunni Saudi Arabia. Qatar, originally part of the alliance, was not invited to Sunday’s meeting after Riyadh led a group of states seeking to isolate Doha, saying it supported terrorism. Doha denies this. Abdulelah al-Saleh, a Saudi lieutenant general and the coalition’s secretary general, said Qatar was excluded to help build a consensus for launching operations. He also said the group was not aimed at creating a Sunni bloc to counter Iran. “The enemy is terrorism. It’s not sects or religions or races, its terrorism,” Saleh told reporters. Saleh said military initiatives had been proposed to the group’s ministerial council, but he did not elaborate. Despite agreement on principles, members voiced different priorities at the meeting. Yemen’s delegation said the focus should be Iran, al Qaeda and Islamic State, while Turkey called for “support from our friends” against Kurdish separatists. Critics say the coalition could become a means for Saudi Arabia to implement an even more assertive foreign policy by winning the backing of poorer African and Asian nations with offers of financial and military aid. Alongside leading a diplomatic charge against Qatar, Saudi Arabia is also leading a war against Iran-aligned Houthi rebels in its neighbor Yemen, Saleh said Riyadh would pay the 400 million riyal ($107 million) bill for the coalition’s new center, but said other nations could offer financial support for specific initiatives. More»
Amwal Al Ghad English - 2017-11-27 06:33:50
Egypt's Al-Azhar spokesman Abbas Shuman said that the al-Rawda mosque attackers had “exposed themselves” of having no religion by carrying out the attack and that no one, including Al-Azhar, should therefore not need to accuse them of being non-Muslim infidels. In a phone call to the television show “Hadrat Al Mowaten” (Your Excellency the Citizen), Shuman accused the terrorists of being “hired to destroy Egypt”. Responding to a question as to why al-Azhar has not declared the attackers as infidels, Shuman said, “it is not within the power of Al-Azhar to declare the attackers of Al-Rawda as infidels. Al-Azhar does not judge people, because this opens doors we cannot close.” The statement prompted a forceful response from prominent television presenter Amr Adib, who issued a vicious attack against Al-Azhar, saying, “why aren’t you declaring them as infidels? Don’t you realize these people have millions of followers who they convince of their ideas using the Quran and Sunna [sayings of the prophet]? Others have also criticized Al-Azhar for its stance. On Saturday, a series of Al-Azhar scholars together with a host of political and social movements, urged the religious institution to issue a declaration against the attackers to brand them as infidels. “The crimes of these terrorist groups have crossed a red line. Destroying houses of God is a major crime. Al-Azhar has to issue a strong response to these people by declaring them as infidels,” a statement by a variety of societal currents read. Meanwhile, religious groups, including Sufi orders, have announced the launch of a religious campaign, demanding the Islamic State to be declared as infidels. Sheikh Alaa Abu Al-Azaem, head of World Union for Sufi Orders, stressed that the members of the Islamic State are not Muslims because of their anti-Islamic views , which he described as “destructive”. In response to the critics, Al- Azhar called for an urgent meeting with the country’s prominent Islamic leaders to discuss whether or not to issue a “fatwa” declaring Daesh as infidels. A number of Al-Azhar scholars have supported the initiative, despite Al-Azhar’s official stance. Abdel Rehim Mohamed, member of Al-Azhar said, “there is evidence from the Quran and Sunna that confirms the infidelity of terrorist organizations. Prophet Muhammed (PbuH) spoke about them saying, ‘There will come in the end of time, a people who are young and stupid who determine who is better by reading the Quran… if you see them, fight them, if you kill them, God rewards you on judgment day.'” Friday’s attack, seen as the deadliest in Egypt’s recent history, killed 308 people and wounded another 128, according to the latest updates from the Ministry of Health. More»
Amwal Al Ghad English - 2017-11-26 06:07:10
At least 305 worshippers were killed and 128 were injured during Friday prayers at a North Sinai mosque by gunmen belonging to the terrorist group Daesh, making it the deadliest terrorist attack in Egypt’s recent memory. The victims, who were praying at Al-Rawdah Mosque in Bir Al-Abd city, include 27 children killed in the attack, Egypt's prosecutor-general announced on Saturday. The prosecutor-general said that according to eyewitnesses, 25 to 30 gunmen in camouflage trousers and bearing the Daesh black flag rode up to the mosque in five SUVs and started shooting at worshippers. The gunmen, some of whom wore masks, attacked the mosque as the imam was starting the Friday sermon. No group has claimed the responsibility of the attack so far. Most of the terrorist attacks to take place in North Sinai in recent years, which have mainly targeted security forces, have been claimed by the Daesh-affiliated North Sinai-based group Ansar Beit Al-Maqdis. In January 2017, the Daesh-affiliated online publication Rumiyah released an interview with an alleged leading figure in Ansar Beit Al-Maqdis, who described Al-Rawdah village as a Sufi centre, adding that the group is fighting Sufism in North Sinai. In late 2016, Ansar Beit Al-Maqdis claimed responsibility for killing Sinai's oldest Sufi Sheikh Soliman El-Harez as well as the destruction of two Sufi shrines. Sufism, often described as “Islamic mysticism,” involves a spiritual form of worship where adherents attempt to become close with God through meditation and asceticism. Daesh considers Sufi Islam to be blasphemous. Al-Rawdah Mosque was built by El-Jaririyah, one of Sinai's largest Sufi orders. Earlier today, Egypt’s army said that its air forces launched strikes in North Sinai, killing a number of terrorists involved in the Friday attack. More»
Amwal Al Ghad English - 2017-11-25 07:23:46
In a televised speech responding to the mosque bombing in Al-Arish that left 235 people dead, President Abdel Fattah Al-Sisi vowed to retaliate with “brute force” against perpetrators. Al-Sisi said that the Friday’s attack aimed to spread a seed of doubt among Egyptians about the capacity of the state, but affirmed that the armed forces and police will be responding to restore security in north Sinai. “We will respond with brute force, we will face those takfiris, we declare three days of mourning,” said President Al-Sisi. Egypt’s General Prosecutor released an official statement on Friday evening, confirming that death toll of the Al-Rawaady mosque bombing reached 235 and left 109 others injured. On Friday Morning, a massive explosion in Al-Rawada mosque, located in the town of Beer El Abed, in North Sinai’s Al-Arish. The improvised explosive device, targeted worshippers gathering for Friday prayers inside a mosque that is believed to be affiliated to Sufi Muslims, who are considered ‘apostates’ by members of the IS affiliated group, ‘Sinai Province’. The explosion was followed by gunfire from unknown militants who stationed ahead of the mosque’s gates. More»
Amwal Al Ghad English - 2017-11-25 07:08:16
At least 235 worshippers have been killed by gunmen who attacked a mosque affiliated with Sufi groups in Egypt’s North Sinai during Friday prayers, in one of the deadliest attacks on civilians in the country in recent years. A statement from the prosecutor-general’s office on Friday afternoon said 235 people had been killed and at least 109 injured in the attack on Al-Rawdah mosque in Al-Radwa village situated between Bir Al-Abed and Al-Arish ciies. The president’s office has announced a nationwide three-day mourning following the terrorist attack, state TV has reported. Health ministry sources in the governorate said 30 ambulances were deployed to the scene to transport the injured to Arish Bir Al-Abed and Arish General hospitals. Eyewitnesses told Ahram Online that improvised explosive devices were detonated at the mosque initially, then gunmen fired at worshippers, including targeting ambulances transferring the injured to hospital. The Ansar Beit Al-Maqdis terrorist group have pledged allegiance to the IS group and have previously executed Soliman Harraz, a Sufi sheikh on November 2016; two Sufi shrines in Mazar village were also targeted with explosives. "The area is known for the existence of Sufi Muslim groups, and it does not have an intensive security presence as it is outside of Arish and far from the traditional areas that host those militant groups," Mohamed Hamad, son of a tribal sheikh, told Ahram Online. Hamad added that the long distance between Al-Rawda village, Bir Al-Abed city and Ismailia delayed the arrival of the ambulances, while the targeting of the ambulances increased the number of victims. In an official statement, Prosecutor-general Nabil Sadek ordered that Ismailia prosecutors and high state security prosecutors be deployed to the scene to carry out needed investigations. President Abdel Fattah al-Sisi is set to hold a meeting with a security committee to discuss the repercussions of the terrorist attack. Egypt's security forces have been fighting an Islamist insurgency based in the northern part of the Sinai Peninsula which has gained pace since the 2013 ouster of Islamist president Mohamed Morsi. The insurgency has mostly targeted security forces, with attacks on military and police checkpoints common place. More»
Amwal Al Ghad English - 2017-11-23 09:24:00
Cairo Criminal Court postponed Wednesday the trial of Gamal and Alaa Mubarak, the sons of former president Hosni Mubarak, and seven others to 17 December in the case of selling the Egyptian National Bank. The postponement decision comes as the court awaits receiving the technical opinion of the committee of five experts assigned to study the case, according to state media. The former president’s sons are accused of making illicit gains out of the sale of the Egyptian National Bank and are also facing charges of insider trading on the Egyptian Exchange (EGX). In May 2012, the former attorney general Abdul Meguid Mahmoud referred the defendants to the criminal court. The list of defendants includes Gamal and Alaa Mubarak, Ayman Ahmed Fathy Hussein, Ahmed Fathy Hussein, Yasser Soliman Al-Mallawani, Ahmed Naim Badr, Hassan Mohamed Hassanin Heikal, Amro Mohamed Ali Al-Qadi, and Hussein Lotfy Sobhy. The defendants face accusations of making more than 493 million Egyptian pounds in illicit gains from the bargain of the sale of the national bank, with the help of others in the governmental sector, and with help of an offshore company in Cyprus. In October 2015, the Mubarak sons were released from detention, after their lawyer Farid El-Deeb claimed they had completed, even exceeded by six months, their three-year prison term. More»
Amwal Al Ghad English - 2017-11-23 09:17:43
Egypt’s President Abdel Fattah al-Sisi discussed the latest developments in the Syrian crisis in a phone call with his Russian counterpart Vladimir Putin, according a statement issued by Presidential Spokesperson Bassam Rady. Rady said that the two presidents discussed efforts to reach a political settlement in light of the latest updates in the crisis. They agreed to continue coordination and conciliation regarding the entire situation in the Middle East, and stressed working on returning stability and security to the region. Rady added that the two leaders discussed means of boosting bilateral relations and confronting terrorism. Egyptian-Russian ties have increased in the last three years since Al-Sisi came to power. The two countries share the same points of view regarding the situation in Syria, with both countries supporting the Syrian army against the Islamic State (ISIS) group, and other groups fighting against the regime in Syria. More»