amwalalghad :: International News

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        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 - International News

Amwal Al Ghad English - 2017-08-19 09:00:59
A drop in the value of the pound has seen a surge in the number of tourists visiting the shores of Britain. The office for national statistics (ONS) said the U.K. welcomed a record 10.75 million foreigners in the second quarter of 2017, the highest level since records began back in 1980. Sterling's fall against both the euro and the dollar since the EU referendum vote in June 2106 has made the cost of a visit to the U.K. cheaper. The ONS said visits from the United States were 29 percent higher at 1.47 million in the 3 months to June with little evidence that terror attacks in London or Manchester had deterred holidaymakers. The dataset added that visitors spent £6.23 billion ($8.03 bn) in the three months to June. Perhaps surprising was news that a record 19.09 million Britons traveled overseas trips during the same period, another all-time recorded high. More»
Amwal Al Ghad English - 2017-08-19 09:01:01
The North American Free Trade Agreement (NAFTA) may not include any Asian nations, but the trade-dependent region will be closely watching how the Trump administration handles talks, analysts said. U.S. President Donald Trump since his campaign has railed against many previously negotiated trade deals. After axing the Trans-Pacific Partnership that would have linked major Asian economies with the U.S., Trump has now set his sights on NAFTA. The trilateral trade agreement between Canada , the U.S. and Mexico is coming under the knife as renegotiation began this week between the countries. Although those talks may seem a world away, they have major implications for countries like South Korea, according to Deborah Elms, executive director of the Asian Trade Centre. The Trump administration has also said it wants to renegotiate the free-trade agreement with South Korea, which was signed in 2007. New talks were set to begin next week on amending the deal, Reuters reported, and Seoul will likely be looking to NAFTA for clues to its future. "Anyone else thinking about doing a bilateral deal with the U.S. is watching to see what a bilateral with this administration looks like," Elms said. At a joint press conference in Washington, DC, on Wednesday with the three NAFTA countries, U.S. Trade Representative Robert Lighthizer issued tough rhetoric. "I want to be clear, [Trump] is not interested in a mere tweaking of a few provisions and a couple of updated chapters," Lighthizer said. "NAFTA has fundamentally failed many, many Americans and needs major improvement." The tough rhetoric on NAFTA could have another impact on Asia: It could turn Canada's head toward the Pacific, Stewart Beck, CEO of the Asia Pacific Foundation of Canada, told CNBC's "Capital Connection" on Wednesday. "We've always had long-term relationships in Asia, but the reality is, our economic focus has always been toward the U.S.," Beck said. "The fact that we're beginning to look at Asia in a much more constructive way from a business perspective is really good news." Beck noted that Canada has been interested in resurrecting the TPP, particularly as it would open markets in Japan and Southeast Asia to Canadian products. Although Trump withdrew from the TPP deal shortly after taking office, the remaining 11 member nations have been working to resurrect it without him. The tougher trade rhetoric coming from the U.S. may make it easier for Canada to pivot toward Asia, Beck said. "The challenge has been, historically, certainly over the last five years, a certain reluctance in terms of the Canadian population to engage in a free-trade agreement with China," he said. But since Trump's inauguration, which heralded not just the NAFTA renegotiation, but also a heightened spat over softwood lumber, "Canadians are now beginning to realize that we do have to diversify our trade relationships and China is the second-largest economy and that's a very important economy for Canada," he said. Countries in Asia, with economies that are dwarfed by the size of the U.S., may also be watching for ways to negotiate with the Trump adminsitration. Andrei Sulzenko, executive fellow at the School of Public Policy at the University of Calgary, noted that while Canada's economy was only about a tenth the size of the U.S. economy, it wasn't without heft in negotiations. "We are the main export market for more than 30 American states," he told CNBC's "Street Signs" on Thursday. "We actually matter a lot to the U.S." Additionally, Elms noted that Canada had already drawn some hard, red lines on how the NAFTA talks would proceed. More»
Amwal Al Ghad English - 2017-08-19 08:45:49
Spanish law enforcement is conducting a manhunt for those responsible for a series of terror attacks which have killed at least 14 people and wounded around 130 others. Authorities are still searching for the driver of a van that plowed into pedestrians on Las Ramblas, a busy boulevard in Barcelona popular with tourists. The suspect was seen escaping on foot after the ramming, which happened around 5:30 p.m. local time. Local law enforcement say that they believe that the van attack was one in a series of planned attacks. The Islamic State has claimed responsibility for the attack though the claim has not been verified. Four men have been arrested so far, as country-wide anti-terror operations continue. Early Friday, five other suspects were shot dead by police in the nearby town of Cambrils after carrying out a similar attack. The men were intercepted after driving a car into a crowd of bystanders, injuring seven people including one police officer. One of the victims died hours later in hospital. Catalan officials confirmed that the attackers were wearing fake explosive belts. On Wednesday night, a person was killed in an explosion that police believe to be connected to both vehicle attacks. That incident happened in a property in a separate town 100 miles southwest of Barcelona. Police sources say the residence was being used for preparing explosive devices. More»
Amwal Al Ghad English - 2017-08-17 09:39:58
U.S. President Donald Trump inflamed tension after a deadly rally by white nationalists in Virginia by insisting that counter protesters were also to blame, drawing condemnation from some Republican leaders and praise from white supremacists. In a combative news conference, Trump backed off from his Monday statements explicitly denouncing the Ku Klux Klan, neo-Nazis and white supremacists for the violence that erupted at a "Unite the Right" rally in Charlottesville, and reverted to his weekend contention that "many sides" were to blame. "You had a group on one side that was bad," Trump said on Tuesday. "And you had a group on the other side that was also very violent. And nobody wants to say that. But I'll say it right now." Trump later said, "I think there is blame on both sides and I have no doubt about it," adding that there were "very fine people" on both sides. At the weekend rally against the removal of a statue of Robert E. Lee, commander of the pro-slavery Confederate army during the U.S. Civil War, many participants were seen carrying firearms, sticks, shields, and lit torches. Some wore helmets. Counter-protesters came equipped with sticks, helmets and shields. More»
Amwal Al Ghad English - 2017-08-17 09:35:05
Australian far-right senator Pauline Hanson wore a burqa to parliament on Thursday as part of her campaign to ban the all-enveloping garment worn by some Muslim women, drawing a quick rebuke from the government and Muslims. Hanson sat in her seat in the assembly for about 20 minutes covered by the black burqa before removing it to call for them to be banned in public for national security reasons. "I'm quite happy to remove this because this is not what should belong in this parliament," Hanson, who leads the far-right One Nation party, told the Senate. "If a person who wears a balaclava or a helmet in to a bank or any other building, or even on the floor of the court, they must be removed. Why is it not the same case for someone who is covering up their face and cannot be identified?" More»
Amwal Al Ghad English - 2017-08-17 09:23:07
The "wrong" actions of the United States on Taiwan, its South China Sea patrols and deployment of an advanced anti-missile system in South Korea have had a large, negative influence on military trust, a senior Chinese officer said on Thursday. Fan Changlong, a vice chairman of China's powerful Central Military Commission, told Joseph Dunford, chairman of the U.S. Joint Chiefs of Staff, that mutual trust mechanisms between the two militaries had continued to improve, China's defense ministry said. "But wrong actions on the Taiwan issue, the United States deploying the THAAD system around China, U.S. ships and aircraft's activities in the South China Sea, the United States close-in surveillance in the sea and air near China have had a large, negative influence on bilateral military ties and mutual trust," Fan added. THAAD is the Terminal High Altitude Area Defence anti-missile system the United States has deployed in South Korea to defend against North Korea. More»
Amwal Al Ghad English - 2017-08-17 09:11:09
At least 26 people died overnight in police operations in the Philippines capital Manila, authorities said on Thursday, a second night of heavy bloodshed this week in an intensification of President Rodrigo Duterte's fierce war on drugs and crime. The killings across Manila followed 32 deaths in near-simultaneous police raids on Monday night in Bulacan province, which borders the capital. Together, they mark the deadliest period of a drugs-focused crackdown that has killed thousands of Filipinos, and caused international alarm, since Duterte took office over a year ago. Colonel Erwin Margarejo, spokesman for Manila police, described the raids that started late Wednesday in Manila as "one-time, big-time" operations, the same term used by police in Bulacan, who said the victims died because they chose to put up a fight. "This is 'one-time, big-time' operations, so it is not focused only on drugs, we are operating also against other street crimes, like robbery, but these people could also be under the influence of drugs," Margarejo said. More»
Amwal Al Ghad English - 2017-08-17 09:06:54
President Donald Trump’s turnabout on the violence in Charlottesville, Virginia has rocked his administration, leading to rising speculation that some top officials may be looking for a way out. A parade of business executives broke ties with Trump on Wednesday, a day after he blamed white nationalists and counter-protesters in equal measure for the weekend clashes that left one woman dead. Now, frustrated aides could be next. Trump’s remarks have left some wondering if sticking by the president comes at too high a cost to their reputations. “A lot of us joined this administration thinking we could bring to it the experience and expertise that the president didn’t have an opportunity to gain in his business career, and to encourage some restraint in what he says publicly and to our allies,” said one senior official who is contemplating whether to resign. "After yesterday, it’s clear that there is no way for anyone, even a Marine general, to restrain Trump's impulses or counter what he sees on TV and reads on the web." More»
Amwal Al Ghad English - 2017-08-16 08:26:36
Six American business leaders have stepped down from Donald Trump's manufacturing advisory council after the president's response to violence at a white nationalist rally over the weekend. Trump's reaction to the departures has been repeatedly to attack Merck, the company whose CEO, Ken Frazier, was first to leave, citing on Monday morning "a responsibility to take a stand against intolerance and extremism." "Merck Pharma is a leader in higher & higher drug prices while at the same time taking jobs out of the U.S.," the president wrote in a tweet Monday afternoon. "Bring jobs back & LOWER PRICES!" Trump reiterated his comments about jobs in a press conference Tuesday, mentioning only Merck of all the companies that left his council. But the president, who said he waited over the weekend to renounce white supremacy groups because "before I make a statement I like to know the facts," may want to check his facts. The percentage of Merck employees in the U.S. has remained between 38 and 39 percent since 2011, the year Frazier became CEO. "Of all the companies to attack, Merck wouldn't be the one I'd choose," said Les Funtleyder, a portfolio manager at E Squared Capital, which owns Merck shares. "Clearly the president is making it personal when it really isn't." More»
Amwal Al Ghad English - 2017-08-16 08:22:26
Former President Barack Obama tweeted a picture and a quote in response to the violence in Charlottesville, Virginia, this weekend, and he has gotten a record-setting amount of engagement from Twitter users. The first of his series of threaded tweets has accumulated about 2.8 million "likes," making it the most approved of tweet of all time. Citing Nelson Mandela, Obama wrote, "No one is born hating another person because of the color of his skin or his background or his religion ... People must learn to hate, and if they can learn to hate, they can be taught to love ... For love comes more naturally to the human heart than its opposite." The former record-holder is a tweet from pop star Ariana Grande telling fans that she was "broken" after a bombing of her concert in Manchester killed at least 22 people, including some children. It has about 2.7 million "likes." The third most-popular tweet of all time is far more lighthearted: Ellen DeGeneres' Oscars selfie. Meanwhile, President Donald Trump has fumbled while using the social media platform. He retweeted and then deleted two messages on Tuesday, one that featured a cartoon train running down a character intended to represent the news network CNN and one that called the President a fascist. Also on Tuesday, after three CEOs stepped down from their positions on his manufacturing advisory council, Trump used Twitter to accuse them of being "grandstanders." Shortly after that tweet went up, a fourth CEO also stepped down. The President has come under criticism for his overall handling of the events in Charlottesville. On Saturday, instead of criticizing racists and neo-Nazis by name, Trump referred to violence "on many sides." Only two days later, on Monday afternoon, did he explicitly condemn white supremacists. By then, much of the PR damage had already been done. More»