amwalalghad :: International News

Your English Portal To Arab Economy

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 - International News

Amwal Al Ghad English - 2017-12-24 07:42:12
Russia's ruling party United Russia wants the "ultimate victory" of President Vladimir Putin at the presidential election in March 2018, party head and Prime Minister Dmitry Medvedev said on Saturday. Medvedev told an annual gathering of United Russia that the party would give Putin "all possible support" now and in the future. Putin is widely expected to win the 2018 election and secure his fourth six-year stint as president. More»
Amwal Al Ghad English - 2017-12-24 07:03:46
The U.S. decision to supply weapons to Ukraine is dangerous as it will encourage Kiev to use force in eastern Ukraine, Russian officials said on Saturday. The U.S. State Department said on Friday the United States would provide Ukraine with “enhanced defensive capabilities” as Kiev battles Russian-backed separatists in the eastern part of the country.U.S. officials, speaking on the condition of anonymity, said the weapons included Javelin anti-tank missiles. Washington has argued in the past that such weapons would help stabilize the situation and cannot effectively be used to take territory. Ukrainian President Petro Poroshenko said on Facebook on Saturday the weapons would be used to protect Ukrainian soldiers and civilians. Supplies of any weapons now encourage those who support the conflict in Ukraine to use the “force scenario,” Russia’s RIA state news agency cited Deputy Foreign Minister Grigory Karasin as saying on Saturday. Franz Klintsevich, a member of the upper house of the Russian parliament’s security committee, said Kiev would consider arms supplies as support of its actions, Interfax news agency reported.“Americans, in fact, directly push Ukrainian forces to war,” Klintsevich said. Since Moscow’s annexation of Crimea in 2014, Ukraine and Russia have been at loggerheads over a war in eastern Ukraine between pro-Russian separatists and Ukrainian government forces that has killed more than 10,000 people in three years. Poroshenko said in his Facebook post that he had confirmed the weapons deal with U.S. Secretary of State Rex Tillerson, calling it “a transatlantic vaccination against the Russian virus of aggression.” “American weapons in the hands of Ukrainian soldiers are not for offensive, but for stronger rebuff of the aggressor, protection of Ukrainian soldiers and civilians, as well as for effective self-defence in accordance with Article 51 of the UN Charter,” Poroshenko said. Kiev accuses Moscow of sending troops and heavy weapons to the region, which Russia denies. The Russian foreign ministry said the U.S. decision once again undermines the Minsk agreements, TASS state news agency reported on Saturday. The agreements, intended to end the fighting in Ukraine, were signed by Ukraine, Russia, Germany, and France in the Belarussian capital in early 2015. More»
Amwal Al Ghad English - 2017-12-24 07:00:56
A federal judge in Seattle partially blocked U.S. President Donald Trump’s newest restrictions on refugee admissions on Saturday, the latest legal defeat for his efforts to curtail immigration and travel to the United States.The decision by U.S. District Judge James Robart is the first judicial curb on rules the Trump administration put into place in late October that have contributed significantly to a precipitous drop in the number of refugees being admitted into the country. Refugees and groups that assist them argued in court that the administration’s policies violated the Constitution and federal rulemaking procedures, among other claims. Department of Justice attorneys argued in part that U.S. law grants the executive branch the authority to limit refugee admissions in the way that it had done so. On Oct. 24, the Trump administration effectively paused refugee admissions from 11 countries mostly in the Middle East and Africa, pending a 90-day security review, which was set to expire in late January.The countries subject to the review are Egypt, Iran, Iraq, Libya, Mali, North Korea, Somalia, South Sudan, Sudan, Syria, and Yemen. For each of the last three years, refugees from the 11 countries made up more than 40 percent of U.S. admissions. A Reuters review of State Department data showed that as the review went into effect, refugee admissions from the 11 countries plummeted. Robart ruled that the administration could carry out the security review, but that it could not stop processing or admitting refugees from the 11 countries in the meantime, as long as those refugees have a “bona fide” connection to the United States. As part of its new restrictions, the Trump administration had also paused a program that allowed for family reunification for refugees, pending further security screening procedures being put into place. Robart ordered the government to re-start the program, known as “follow-to-join”. Approximately 2,000 refugees were admitted into the United States in fiscal year 2015 under the program, according to Department of Homeland Security data. Refugee advocacy groups praised Robart’s decision. “This ruling brings relief to thousands of refugees in precarious situations in the Middle East and East Africa, as well as to refugees already in the U.S. who are trying to reunite with their spouses and children,” said Mariko Hirose, litigation director for the International Refugee Assistance Project, one of the plaintiffs in the case. A Justice Department spokeswoman, Lauren Ehrsam, said the department disagrees with Robart’s ruling and is “currently evaluating the next steps”. Robart, who was appointed to the bench by Republican former President George W. Bush, emerged from relative obscurity in February, when he issued a temporary order to lift the first version of Trump’s travel ban. On Twitter, Trump called him a “so-called judge” whose “ridiculous” opinion “essentially takes law-enforcement away from our country”. Robart’s ruling represented the second legal defeat in two days for the Trump administration. On Friday, a U.S. appeals court said Trump’s travel ban targeting six Muslim-majority countries should not be applied to people with strong U.S. ties, but said its ruling would be put on hold pending a decision by the U.S. Supreme Court. More»
Amwal Al Ghad English - 2017-12-24 06:57:27
The latest U.N. sanctions against North Korea are an act of war and tantamount to a complete economic blockade against the country, North Korea’s foreign ministry said on Sunday, threatening to punish those who supported the measure.The U.N. Security Council unanimously imposed new sanctions on North Korea on Friday for its recent intercontinental ballistic missile test, seeking to limit its access to refined petroleum products and crude oil and its earnings from workers abroad. The U.N. resolution seeks to ban nearly 90 percent of refined petroleum exports to North Korea by capping them at 500,000 barrels a year and, in a last-minute change, demands the repatriation of North Koreans working abroad within 24 months, instead of 12 months as first proposed. The U.S.-drafted resolution also caps crude oil supplies to North Korea at 4 million barrels a year and commits the Council to further reductions if it were to conduct another nuclear test or launch another ICBM. In a statement carried by the official KCNA news agency, North Korea’s foreign ministry said the United States was terrified by its nuclear force and was getting “more and more frenzied in the moves to impose the harshest-ever sanctions and pressure on our country”. The new resolution is tantamount to a complete economic blockade of North Korea, the ministry said. “We define this ‘sanctions resolution’ rigged up by the U.S. and its followers as a grave infringement upon the sovereignty of our Republic, as an act of war violating peace and stability in the Korean peninsula and the region and categorically reject the ‘resolution’.” North Korea on Nov. 29 said it successfully tested a new ICBM that put the U.S. mainland within range of its nuclear weapons. North Korea’s nuclear weapons are a self-defensive deterrence not in contradiction of international law, its foreign ministry added. “We will further consolidate our self-defensive nuclear deterrence aimed at fundamentally eradicating the U.S. nuclear threats, blackmail and hostile moves by establishing the practical balance of force with the U.S,” the ministry said. “The U.S. should not forget even a second the entity of the DPRK which rapidly emerged as a strategic state capable of posing a substantial nuclear threat to the U.S. mainland,” it added, using the country’s official name, the Democratic People’s Republic of Korea. North Korea said those who voted for the sanctions would face Pyongyang’s wrath. “Those countries that raised their hands in favor of this ‘sanctions resolution’ shall be held completely responsible for all the consequences to be caused by the ‘resolution’ and we will make sure for ever and ever that they pay heavy price for what they have done.” Tension has been rising over North Korea’s nuclear and missile programs, which it pursues in defiance of years of U.N. Security Council resolutions, with bellicose rhetoric coming from both Pyongyang and the White House. In November, North Korea demanded a halt to what it called “brutal sanctions”, saying a round imposed after its sixth and most powerful nuclear test on Sept. 3 constituted genocide. U.S. diplomats have made clear they are seeking a diplomatic solution but proposed the new, tougher sanctions resolution to ratchet up pressure on North Korean leader Kim Jong Un. China, with which North Korea does some 90 percent of its trade, has repeatedly called for calm and restraint from all sides. The Chinese Foreign Ministry on Saturday said that the new resolution also reiterated the need for a peaceful resolution via talks and that all sides needed to take steps to reduce tensions. Widely read Chinese state-run tabloid the Global Times said on Saturday that the tougher resolution was aimed at preventing war, and noted the U.S. had compromised with no indication the United Nations could grant the United States permission for military action. “The difference between the new resolution and the original U.S. proposal reflects the will of China and Russia to prevent war and chaos on the Korean Peninsula. If the U.S. proposals were accepted, only war is foreseeable,” it said in an editorial. More»
Amwal Al Ghad English - 2017-12-23 13:29:20
More than 100 people are reported to have been killed as a tropical storm swept through the southern Philippines, with dozens more missing. Storm Tembin brought flash flooding and mudslides to parts of Mindanao island. Two towns badly hit were Tubod and Piagapo, where a number of homes were buried by boulders. Tembin, with winds of up to 80km/h (50 mph), has now passed across Mindanao and is heading towards the southern tip of Palawan before moving further west. The Philippines suffers regularly from deadly tropical storms, although Mindanao is not often hit. Tembin, known as Vinta in the Philippines, started lashing Mindanao on Friday, with a state of emergency declared in some parts, including the Lanao del Norte and Lanao del Sur regions. Disaster management officials quoted by the Philippine Daily Inquirer said there were at least 62 fatalities in Lanao del Norte, another 46 in Zamboanga del Norte and at least 18 in Lanao del Sur. Tubod police officer Gerry Parami told the AFP news agency that there had been at least 19 deaths in the town, which is in Lanao del Norte. "The river rose and most of the homes were swept away. The village is no longer there," he said. He said volunteers were digging through mud to try to recover bodies in the village of Dalama. Another official told AFP that at least 10 people had died in the town of Piagapo, 10km east of Tubod. "We've sent rescuers but they're making little progress due to the rocks," Saripada Pacasum said. More deaths were reported in the towns of Sibuco and Salug.Power cuts and the loss of communication lines have hampered rescue efforts. After Storm Tembin skirts the southern edge of Palawan it is forecast to travel west, south of the Spratly Islands, reaching southern Vietnam in about three days A week ago, Tropical Storm Kai-Tak hit the central Philippines, killing dozens. The region is still recovering from Typhoon Haiyan, which killed more than 5,000 people and affected millions in 2013. More»
Amwal Al Ghad English - 2017-12-23 13:23:50
The UN Security Council unanimously adopted a new set of draconian US-drafted sanctions on North Korea that will further strangle its energy supplies and tighten restrictions on smuggling and the use of North Korean workers overseas. Nikki Haley, the US ambassador to the UN, claimed that the new sanctions, levied in response to Pyongyang's November 29 ballistic missile test, went even further than sanctions passed in September that, at the time, were called the toughest yet. "Today, we cut deeper," Haley said. She said the UN had repeatedly offered Pyongyang a choice and repeatedly, in its continued missile tests, the regime had "chosen the path of isolation." Hailing the unity of the Security Council vote and referring to leader Kim Jong Un, Haley said that, "we will continue to match the Kim regime's choice of aggressive action with actions of international sanctions." North Korea, she said, is "this most tragic example of evil in the modern world." President Donald Trump chimed in with a tweet noting the vote. "The United Nations Security Council just voted 15-0 in favor of additional Sanctions on North Korea. The World wants Peace, not Death!" he said.Resolution 2397 cuts exports of gasoline, diesel and other refined oil products by a total of 89 percent, Haley said. The resolution also bans exports of industrial equipment, machinery, transportation vehicles and industrial metals to North Korea. It requires countries using North Korean laborers to send them back home no later than 24 months from the adoption of the resolution. More»
Amwal Al Ghad English - 2017-12-23 08:44:36
The U.S. economy surged at its fastest pace in more than two years during the third quarter, powered by robust business spending, and is poised for what could be a modest lift next year from sweeping tax cuts passed by Congress this week. Gross domestic product expanded at a 3.2 percent annual rate last quarter, the Commerce Department said in its third GDP estimate on Thursday. While that was slightly down from the 3.3 percent rate reported last month, it was the quickest pace since the first quarter of 2015 and was a pickup from the second quarter's 3.1 percent rate. It also marked the first time since 2014 that the economy experienced growth of 3 percent or more for two straight quarters. But the growth pace for the July-September period likely overstates the health of the economy. An alternate measure of growth, gross domestic income, rose at a 2.0 percent rate in the third quarter. GDI was previously reported to have increased at a 2.5 percent rate. The average of GDP and GDI, also referred to as gross domestic output and considered a better measure of economic growth, increased at a 2.6 percent rate instead of the previously reported 2.9 percent pace. Republicans in the U.S. Congress this week approved a broad package of tax cuts in what was the largest overhaul of the tax code in 30 years, handing President Donald Trump a major legislative victory. Trump is expected to soon sign the legislation, which has $1.5 trillion in tax cuts. Economists are forecasting a modest economic boost from the tax cuts, which includes slashing the corporate income tax rate to 21 percent from 35 percent. The fiscal stimulus will come while the economy is at full employment, which raises the risk of it overheating. Economists had expected that third-quarter GDP growth would be unrevised at a 3.3 percent rate. Growth in the third quarter was also boosted by an accumulation of unsold goods and a rebound in government investment. Growth in business investment in equipment was raised to a 10.8 percent pace, the fastest in three years, from the previously reported 10.4 percent rate. More»
Amwal Al Ghad English - 2017-12-23 08:31:59
Catalans voted Thursday in a crucial election that could mark a turning point for their region, just two months after a failed secession bid triggered Spain's worst political crisis in decades. High turnout was expected in a vote pitting leaders of the wealthy northeastern region's separatist movement against parties that want to remain in Spain. Will voters again hand victory to pro-independence parties that tried to break Catalonia from Spain, one of whose candidates is in jail and the other in self-imposed exile in Belgium? Or will they lose the absolute parliamentary majority of 72 seats they won in 2015? Catalans on both sides of the divide saw the day as a potential moment of truth for their region, following weeks of upheaval and protests unseen since democracy was reinstated following the death in 1975 of dictator Franco. "Today's vote is about whether we say yes or no to independence in Catalonia," said Gloria Garcia, a telephone operator in Santa Coloma de Gramenet, a working class suburb of Barcelona. While the independence question is far from new, it was the banned referendum on October 1 -- and a heavy police crackdown on voters -- that focused the world's attention on the region. Some 5.5 million people are registered to vote in Thursday's election which is likely to see seven parties winning mandates in the 135-seat regional parliament. More»
Amwal Al Ghad English - 2017-12-23 08:28:44
Prime Minister Theresa May on Friday told British forces in Cyprus that they should be proud of helping to crush the caliphate declared by the militants of Islamic State. Speaking at Britain's RAF Akrotiri base, May said facilities on the island were the "epicentre" of operations against Islamic State, which she called Daesh. "Today, thanks in very large part to your efforts, the so-called Caliphate has been crushed, and no longer holds significant territory in Iraq or Syria," May told about 200 members of the armed forces. "You should be incredibly proud of that achievement." Akrotiri has been used as a staging post for attacks against Islamic State, now largely defeated after attempting to set up a radical theocratic state or caliphate across swathes of Iraq and Syria. "We need to continue to deal directly with the threat they still pose in the region," May added, standing in front of a Tornado and a Typhoon fighter jet parked outside a hangar. "We also need to focus on training the Iraqi security forces so they can keep Daesh out." May later met with British families. Britain has about 3,100 military personnel stationed at two compounds in Cyprus. It retained sovereignty over about 98 square miles, or 3 percent, of the island's territory after granting independence to the colony in 1960. RAF Akrotiri hosts an Expeditionary Airforce Wing that supports operation SHADER, Britain's codename for attacks on Islamic State targets in Iraq. More than 1,600 air strikes on Islamic State targets have been launched from the facility since 2015 as part of a campaign by a U.S.-led multinational coalition. More»
Amwal Al Ghad English - 2017-12-23 08:05:42
U.S. President Donald Trump signed Republicans’ massive $1.5 trillion tax overhaul into law on Friday, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown. Trump said he wanted to sign the tax bill before leaving Washington on Friday for his Mar-a-Lago estate in Florida, rather than stage a more formal ceremony in January, so he could keep his promise to finish work before Christmas. “I didn’t want you folks to say I wasn’t keeping my promise. I‘m keeping my promise,” he told reporters in the White House. The two pieces of legislation represent Trump’s most significant accomplishment with Congress since taking office in January, as well as a sign of what awaits when he returns from Florida after the Christmas holiday. The tax package, the largest such overhaul since the 1980s, slashes the corporate rate from 35 percent to 21 percent and temporarily reduces the tax burden for most individuals as well. Trump praised several companies that have announced employee bonuses in the wake of the bill’s passage, naming AT&T, Boeing, Wells Fargo, Comcast and Sinclair Broadcast Group. “Corporations are literally going wild over this,” he said. Democrats had opposed the bill as a giveaway to the wealthy that would add $1.5 trillion to the $20 trillion national debt during the next decade. The spending bill extends federal funding through Jan. 19, largely at current levels. It does nothing to resolve broader disputes over immigration, healthcare and military spending. Republicans also are divided over whether to follow up their sweeping overhaul of the U.S. tax code with a dramatic restructuring of federal benefit programmes. House Speaker Paul Ryan has said he would like to revamp welfare and health programs but Senate Republican Leader Mitch McConnell told National Public Radio on Monday that he was not interested in cutting those programs without Democratic support. Trump’s year also closes with significant turnover of many top staffers who had been in the White House since early in his term. On Friday, the White House confirmed Deputy Chief of Staff Rick Dearborn and Jeremy Katz, who worked under White House economic adviser Gary Cohn, were leaving. More»