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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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        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        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        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

Tammam Nour Elden - 2018-01-11 12:34:18
The number of Russian tourists travelling to the Gulf Cooperation Council states in 2020 is expected to be 38 percent higher than the arrival figures recorded for 2016, according to data published recently by Arabian Travel Market 2018. The Arabian Travel Market takes place at Dubai World Trade Centre from April 22-25, 2018. Looking at the economic drivers, the value of the Russian rouble is stable and firming gradually, helped by Russia’s decision to join OPEC and cut oil production, which has supported an oil price recovery to over $60 per barrel, while forecasts for 2018 put oil at an average of $57 per barrel, a 5.6 percent increase over 2017. Over the last 25 years, Russia has been well represented at ATM, with exhibitors including Moscow City Government, National Tourist Union and the city of St Petersburg. Russian visitors to the exhibition increased 17 percent YoY between 2016 and 2017 and 9.4 percent of total visitors last year were interested in doing business with Russia. “Traditionally, the GCC has always been popular with Russian tourists but over recent years, we have witnessed some fluctuations in their arrival rates across the GCC, which was a reflection of volatility in the financial and energy markets. As those factors begin to steady, we are seeing more and more Russian visitors arrive and we expect this to continue.” Simon Press, Senior Exhibition Director, ATM, said. Russia’s links with the GCC strengthened in 2017 with the introduction of additional airline routes, visas on arrival in the UAE for Russians, a new generation of leisure attractions, retail destinations and a broad range of hotels and resorts right across the GCC region. “An increase of 38 percent on 2016 arrival figures provides a significant boost to the regional tourism industry and is supported by a number of stakeholders, from immigration initiatives, to the region’s hotels, its F&B venues, resorts, theme parks and malls, which all appeal to Russian visitors,” he continued. Commissioned by ATM, ahead of its 25th edition, the research study by Colliers International found that while the UAE will account for the majority of Russian arrivals, Oman will actually experience the highest Compound Annual Growth Rate (CAGR), at 9.2 percent. Both countries eased visa requirements for Russian nationals in 2017, in line with their respective tourism strategies. The Colliers research also revealed UAE visitors to Russia were forecast to increase by 15 percent in 2018, compared to 2016, as Russia hosts the World Cup. Already feeling the benefits, in the first three quarters of 2017, Dubai reported a 98 percent year-on-year increase in the number of Russian arrivals, and the country is one of the emirate’s top 10 source markets. Further supporting the demand, flydubai twice extended its Russian network in 2017, adding flights to Makhachkala, Voronezh and Ufa, and daily flights to a second airport in Moscow - Sheremetyevo International. With equal appeal to business visitors, Dubai was named the most popular Russian real estate investment destination in 2016, driven by the emirate’s market supply of off-plan luxury properties. Elsewhere in the UAE, Russian hotel guest arrivals increased 41 percent in the first quarter of 2017, according to Abu Dhabi TCA and Ras Al Khaimah, which recorded a 10 percent YoY increase in international arrivals in the first half of 2017, Russia was the second largest source market last year, with arrivals from the country up 84 percent YoY. Despite the UAE and Oman leading comparative growth, Saudi Arabia is predicted to witness an increase of at least 20 percent in Russian visitors to the kingdom by 2020. Press added: “Russia is once again turning to the GCC for its year-round sunshine, world-class hotels and resorts and fast-paced leisure and safe investment landscape.” ATM 2018 has adopted Responsible Tourism as its main theme and this will be integrated across all show verticals and activities, including focused seminar session, featuring dedicated exhibitor participation. ATM – considered by industry professionals as a barometer for the Middle East and North Africa tourism sector, welcomed over 39,000 people to its 2017 event, including 2,661 exhibiting companies, signing business deals worth more than $2.5 billion over the four days. Celebrating its 25th year, ATM 2018 will build on the success of this year’s edition, with a host of seminar sessions looking back over the last 25 years and how the hospitality industry in the MENA region is expected to shape up over the next 25. More»
Amwal Al Ghad English - 2018-01-11 08:44:42
The United Nations is committed to helping Libya organize elections by the end of this year, encouraged by the rate at which Libyans have been registering to vote, a top U.N. official said on Wednesday. The U.N. hopes elections can help stabilize Libya, which was thrown into turmoil after long-time leader Muammar Gaddafi was toppled in a NATO-backed uprising in 2011. Holding elections is a major challenge in a country still split among military and political factions, and where rival governments have claimed authority since the result of a 2014 vote was disputed. Security in many parts of Libya is poor. A new electoral law would likely have to be agreed and a referendum on a constitution held before national polls.A U.N. effort launched in September aims to amend a December 2015 peace plan for Libya and pave the way for a vote, but has so far produced no deal on how to move toward one. More»
Amwal Al Ghad English - 2018-01-11 07:35:35
The Arab League will meet on Feb. 1 to discuss how to counter U.S. President Donald Trump’s move last month to recognize Jerusalem as Israel’s capital, Egypt’s state news agency MENA said on Wednesday.Six Arab foreign ministers who met in Amman last week said Arab states would embark on a diplomatic drive to persuade the United Nations to recognize a Palestinian state with East Jerusalem as its capital on territory captured by Israel in the 1967 war. Arab foreign ministers said in an emergency meeting held following Trump’s decision on December 6 that the move would spur violence throughout the region. They described Trump’s announcement as a “dangerous violation of international law” which had no legal impact. More»
Amwal Al Ghad English - 2018-01-09 09:17:04
Israel attacked Syrian territory three times early on Tuesday with jets and ground-to-ground missiles, Syria’s army said in a statement carried by state television. The army said Israeli jets fired missiles at the al-Qutaifa area near Damascus from inside Lebanese airspace at 2:40 a.m. (0040 GMT), and that Syrian air defenses hit one of the planes. Israel then fired ground-to-ground rockets from the Israeli-occupied Golan Heights, but the Syrian defenses brought the missiles down, the Syrian army said. More»
Amwal Al Ghad English - 2018-01-08 09:28:09
The party of former Yemeni president Ali Abdullah Saleh named a new leader on Sunday after he was killed last month by the Iran-aligned Houthi movement his one-time allies in the country’s civil war.Questions have arisen over where the loyalty of the General People’s Congress (GPC) fighters lay after Saleh was killed in a roadside attack after switching sides, abandoning the Houthis in favor of a Saudi-led coalition. Sunday’s announcement condemned the Saudi “aggression” and said the party would keep resisting, but did not mention the Houthis. It said Sadeq Amin Abou Rass, a former agriculture minister, had succeeded Saleh. Saleh’s exiled son Ahmed Ali Saleh, had vowed to lead a campaign against the Houthi movement after his was killed, but the statement on Sunday did not mention his name either. Yemen’s war, pitting the Houthis who control the capital Sanaa against the Saudi-led military alliance backing a different government based in the south, has resulted in what the United Nations calls the world’s worst humanitarian crisis More»
Amwal Al Ghad English - 2018-01-08 09:04:19
Protests over rising bread prices broke out across Sudan on Sunday, leading to the death of a student and the arrest of a prominent opposition leader as authorities confiscated newspapers and looked to clamp down on growing unrest. The demonstrations followed a similar protest in the southeastern city of Sennar on Saturday after bread prices doubled following the government’s announcement late last month that it was eliminating subsidies in its 2018 budget. In the southeastern city of al-Damazin, police fired tear gas on Sunday as about 400 demonstrators chanted “No, no to price rises!” and some burned tyres, a local resident told Reuters. More»
Amwal Al Ghad English - 2018-01-07 08:02:33
Saudi Arabian authorities have detained 11 princes after they gathered at a royal palace in Riyadh in a rare protest against the government suspending payment of their utility bills, the public prosecutor said on Saturday.Saudi Arabia, the world’s top oil exporter, has introduced reforms that include reducing energy subsidies, introducing value-added tax and cutting some perks to royal family members to try to cope with a drop in crude prices that has caused a budget deficit estimated at 195 billion riyals ($52 billion) in 2018. The princes had gathered on Thursday at Qasr al-Hokm palace demanding the cancellation of a recent decree that halted state payment of water and electricity bills for royal family members and seeking compensation for a death sentence implemented in 2016 against one of their cousins, Prince Turki bin Saud al-Kabeer. More»
aya salah - 2018-01-07 07:56:52
Arab states will soon embark on a diplomatic drive to persuade the United Nations to recognize a Palestinian state with East Jerusalem as its capital on territory captured by Israel in the 1967 war, Jordan’s Foreign Minister Ayman Safadi said.Six Arab foreign ministers met in Amman on Saturday to follow up on earlier decisions taken by the Arab League to counter U.S. President Donald Trump’s move in December to recognize Jerusalem as Israel’s capital, a decision that overturned decades of U.S. policy on the Middle East. More»
Amwal Al Ghad English - 2018-01-06 08:14:30
Saudi Arabia’s King Salman on Saturday ordered a monthly payment of 1,000 riyals ($267) to state employees over the next year in compensation for rising cost of living after the government hiked domestic gas prices and introduced value-added tax (VAT).In a royal decree published by state news media, the king also ordered the payment of 5,000 riyals to military personnel serving at the front lines with Yemen where the kingdom is fighting a nearly three-year-old war. Saudi Arabia, the world’s top oil exporter, roughly doubled gasoline prices on Monday as part of a broad reform initiative aimed at diversifying its economy. A 5 percent VAT on a broad range of goods and services came into effect on the same day More»
Amwal Al Ghad English - 2018-01-04 08:07:21
The Saudi-led coalition fighting in Yemen killed dozens of Houthi fighters and cut one of their main supply routes, United Arab Emirates state news agency WAM reported. The offensive, northwest of Yemen’s third largest city of Taiz, could be a major advance for the Western-backed coalition forces in nearly three years of civil war. It would consolidate gains made last month at al-Khoukha on the Red Sea where pro-government forces, energized since the death of former President Ali Abdullah Saleh in December after he ditched his alliance with the Iran-aligned Houthis, made their biggest advance in months. More»