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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        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        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        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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 - MENA News

Amwal Al Ghad English - 2017-12-26 08:23:53
Russia will continue its fight against terrorism, including within Syrian territory, if it is necessary, Russian President Vladimir Putin said.The president reiterated that even if the Russian armed forces continues anti-terrorism activities in Syria, the scale of its engagement would be much smaller than before.On December 11, Russian President Vladimir Putin ordered the withdrawal of Russian troops from Syria after conducting an anti-terrorist aerial campaign for over two years. More»
Amwal Al Ghad English - 2017-12-26 08:10:06
An airstrike of the coalition led by Saudi Arabia killed over 50 Houthi rebels in western Yemen and destroyed a ballistic missile before it could be launched, Sky News Arabia reported on Monday. According to the media outlet, over 50 militants were killed in the coalition's airstrike targeting military reinforcements in Al Jarahi and Hays, as well the vicinity of At Tuhayat district. The missile and its launch pad were reportedly destroyed near Ras Isa port, the probable target was not specified. The coalition's airstrikes hit the western suburbs of Yemen's capital Sanaa, controlled by the Houthis. More»
Amwal Al Ghad English - 2017-12-25 09:21:14
Dubai airline Emirates will stop flying to Tunisia, it said on Sunday, after the North African country said it had banned flights from the United Emirates carrier.The announcement came two days after Tunisian government officials said the UAE had banned Tunisian woman from flying to or transiting through its territory. No reason was given for either decision. Emirates said on Twitter it would stop its Dubai-Tunis connection from Monday following instructions from Tunisia. The Tunisian transport ministry said in a statement earlier that Emirates flights would be suspended until the UAE airline found a way to operate according to international law and treaties. The UAE minister of state for foreign affairs, Anwar Gargash, said on Twitter both countries had been in contact about the “security measure information”, without elaborating. More»
Amwal Al Ghad English - 2017-12-25 08:39:24
Syrian army forces backed by Iranian-backed militias pushed deeper into the last rebel-held enclave near a strategic border area with Israel and Lebanon in a new expansion of Tehran’s influence in the war-torn country.The army and the Shi‘ite forces advanced east and south of the Sunni-rebel held bastion of Beit Jin backed by some of the heaviest aerial bombing and heavy artillery shelling since a major assault began over two months ago to seize the area, rebels said. The Syrian army said it had encircled the village of Mughr al Meer at the foothills of Mount Hermon as troops moved toward Beit Jin amid fierce clashes. More»
Amwal Al Ghad English - 2017-12-25 08:25:02
Turkey and Sudan have agreed to set up a “strategic cooperation council” to strengthen economic ties, their presidents said at a news conference in Khartoum on Sunday after the first visit by a Turkish leader to the African nation.The countries hope gradually to increase bilateral trade ties to $10 billion a year from the current $500 million, and signed 12 agreements on military, economic and agricultural cooperation. More»
Amwal Al Ghad English - 2017-12-24 07:35:54
Iraqi Shia paramilitary groups have deployed to the frontier to back up border guard forces who came under fire from within Syria over the past three days, one of their commanders said on Friday. There was no immediate word on who opened fire from Syrian territory, but forces arrayed against Islamic State in Iraq and Syria expect the group will resort to guerrilla warfare after losing its urban bastions earlier this year. "After several Iraqi border guard positions came under several attacks by missiles, and backup from security forces was late, the 13th brigade of the Popular Mobilisation Forces (PMF) was deployed and targeted the origins of the launch," PMF commander for west Anbar, Qassem Mesleh, said in a statement. "Operations command and the infantry brigade are now present on the Iraqi-Syrian border in border guard positions to repel any attack or movement by the enemy," Mesleh said. "This area is not within the PMF's remit but it is our duty to back up all security forces." The PMF is an umbrella grouping of mostly Iran-backed and trained Shia militias that formally report to Iraq's prime minister but are separate from the military and police. Sunni Muslims and Kurds have called on Prime Minister Haider al-Abadi to disarm the PMF, which they say are responsible for widespread abuses against their communities. An Iraqi military spokesman confirmed the deployment. Brigadier General Yahya Rasool told Reuters it was temporary, however, and "very normal" because it was the PMF's duty to back up government forces. The PMF were officially made part of the Iraqi security establishment by law and formally answer to Abadi in his capacity as commander-in-chief of the armed forces. Abadi has said the state should have a monopoly on the legitimate use of arms. Iraqi forces on December 9 recaptured the last swathes of territory still under Islamic State control along the frontier with Syria and secured the western desert. It marked the end of the war against the militants, three years after they overran about a third ofIraq's territory. Rasool, the military spokesman, denied backup to the border guards had been late. "The primary responsibility for the borders lies with the border guards and the army, however," said Rasool. He said Iraqi forces coordinate with both the Syrian army, which is backed by Russia, Iran and Iran-backed Shia militias, and the U.S.-backed alliance of Kurdish and Arab militias known as the Syrian Democratic Forces opposed to Syrian President Bashar al-Assad. He said parts of Syria - including many areas on the border with Iraq - were still under Islamic State control. More»
Amwal Al Ghad English - 2017-12-23 08:37:02
A United Nations General Assembly resolution calling for the U.S. to withdraw its decision to recognize Jerusalem as Israel's capital passed overwhelmingly on Thursday despite threats from President Trump to cut funding to U.S. aid recipients who voted in favor. One hundred and twenty-eight countries voted for the resolution. Nine countries voted against and thirty-five countries abstained. "Let them vote against us," Trump said at a Cabinet meeting Wednesday. "We don't care. But this isn't like it used to be where they could vote against you and then you pay them hundreds of millions of dollars." On Tuesday, U.S. Ambassador to the United Nations Nikki Haley said the United States would be "taking names" of those who voted for the resolution. The symbolic vote from the General Assembly is not legally binding. The U.N. Security Council failed to adopt a similar resolution on Monday after the U.S. vetoed the measure. Security Council decisions carry the force of international law. Turkish Foreign Minister Mevlut Cavusoglu criticized the United States on Thursday for "bullying." Following the vote, he posted a message on Twitter saying the international community had "once again showed that dignity and sovereignty are not for sale." A spokesperson for the U.S. mission pushed back on those saying the vote was a rebuke. "While the resolution passed, the vote breakdown tells a different story," the spokesperson told NBC News. "It's clear that many countries prioritized their relationship with the United States over an unproductive attempt to isolate us for a decision that was our sovereign right to make." Israeli Prime Minister Benjamin Netanyahu posted a message on Twitter thanking Trump and Haley. He said that he appreciated "the fact that a growing number of countries refused to participate in this theater of the absurd." Hanan Ashrawi, member of the executive committee of the Palestine Liberation Organization, said in a statement posted to the organization's website that the PLO was "extremely encouraged and empowered by the vote." "Despite American efforts to safeguard Israeli violations and war crimes, the majority maintained their principled position while a minimal number succumbed by abstaining or voting against the resolution," she said. The nine countries that voted against the resolution were Israel, the United States, Micronesia, Marshall Islands, Nauru, Palau, Togo, Honduras and Guatemala. Among the 35 countries that abstained were U.S. allies Australia, Canada, Mexico, and Poland. More»
Amwal Al Ghad English - 2017-12-23 08:10:26
Leading Arab allies threatened with cuts in aid by Donald Trump said on Friday they had no choice but to defy the U.S. president over his recognition of Jerusalem as Israel’s capital, and did not believe he would follow through. More than 120 countries, including every Arab nation, voted at the U.N. General Assembly late on Thursday to urge the United States to withdraw its decision, announced earlier this month. Trump threatened to cut off financial aid to countries that voted in favor of the U.N. resolution, drafted by Egypt and supported by all members of the U.N. Security Council except Washington. He repeated his threat on Friday, writing on Twitter: “After having foolishly spent $7 trillion in the Middle East, it is time to start rebuilding our country!” In Egypt and Jordan, among the top recipients of U.S. aid but long the most heavily invested in the Israeli-Palestinian peace process, Trump’s threats were not taken seriously enough to backtrack on firm opposition to the U.S. move. “The Americans know more than any one else that a stable Jordan is crucial for U.S. interests in the region,” a government minister who asked not to be named said. More»
Amwal Al Ghad English - 2017-12-20 09:49:46
Saudi air defenses shot down a ballistic missile fired by Yemen’s Houthi group towards Riyadh on Tuesday, the Saudi-led coalition said, in an attack that could escalate a proxy war between the kingdom and Iran.There were no reports of casualties or damage. In contrast, a U.N. human rights spokesman said coalition air strikes had killed at least 136 non-combatants in war-torn Yemen since Dec. 6. The Iran-aligned Houthi movement said it had aimed the missile at the Saudi royal court at al-Yamama palace, where a meeting of Saudi leaders was under way. It described the attack as a new chapter in the conflict. More»
Amwal Al Ghad English - 2017-12-20 09:18:37
Saudi Arabia's 2018 budget may be its largest ever but the government must focus on the quality of spending, not just the quantity, experts said. The Kingdom is prepared to increase spending to record levels next year — 978 billion riyals ($261 billion) — as it looks to diversify its economy away from energy as part of Crown Prince Mohammed Bin Salman's bold reform agenda. This expansionary budget comes at a time of economic struggle — the country entered into recession this year, contracting 0.5 percent — but the government is optimistic, estimating growth to rebound to 2.7 percent in 2018. Redesigning the economy is a crucial component of Vision 2030, a wide-ranging plan to make Saudi Arabia less dependent on oil, reduce subsidies and increase employment. The jobless rate among Saudi citizens stands around 12.8 percent. According to analysts, a key feature of the budget was the explicit focus on structural reforms accompanying the increased spending. "The key is to look at what they're spending the money on and how effectively they spend it," Khatija Haque, head of Middle East and North Africa research at U.A.E-based bank Emirates NBD, told CNBC on Wednesday. The government intends to cut energy subsidies next year, with the move widely expected to free up funds for other parts of the economy such as infrastructure. "It's really now about the effectiveness of spending rather than just throwing money at the problem and having it disappear into private hands without actually delivering what was promised — that's a process that needs to change," Haque said. The introduction of a value added tax next year in addition to new excise taxes on tobacco and soft drinks, as well as recent levies on expatriates are widely expected to strengthen non-oil revenues next year. Riyadh forecasts non-oil income at 291 billion riyals in 2018, up from 256 billion riyals this year. In addition to the steps announced to enhance non-oil revenues, some analysts also noted the Kingdom's plans to lay out long-term targets. "One of the big changes in this budget was even planning for five years ... that's a plus," said Rachel Ziemba, adjunct senior fellow at the Center for a New American Security, referring to the government's decision to extend the budget deficit to 2023. "The real question in my mind is whether they are able to meet their aggressive build-out plans — the new cities they're building — and also to get the sort of valuations on the privatizations from the public offerings they're looking for," she continued. A cornerstone of the Kingdom's economic strategy is an initial public offering of national oil giant Aramco, whose estimated valuation stands around $1 trillion. The nation isn't solely focused on the economy; it's also undertaken significant social reforms such as allowing women to drive as well as starting a controversial anti-corruption probe. Riyadh "is trying to move very quickly to build jobs and address long standing issues" but progress may come a little more slowly than authorities hope, noted Ziemba. More»