amwalalghad :: Get To Know

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        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        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        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        


The Watch - Get To Know

Amwal Al Ghad English - 2017-02-01 10:19:53
U.S. President Donald Trump has nominated Federal Judge Neil Gorsuch to fill the vacancy on the Supreme Court. Here are the five most important things you need to know about him: 1) He's young... like, really young. When President George W. Bush nominated John Roberts to the high court, much was made about his relative youth at age 50. The idea was that, at his age, Roberts would have the unique opportunity to set legal precedents for almost 40 years or so. Gorsuch is even younger at 49, and you can be sure his age will be simultaneously seen as a positive to the conservatives who will want him to enjoy a long tenure on the court and a negative to the liberals who will fear the extensive legacy Gorsuch would likely be granted if confirmed.   2) He has the perfect credentials. It may seem like it goes without saying that all Supreme Court nominees graduated from excellent schools, clerked with impressive judges, and have plenty of experience on the federal bench. But that's simply not the case as we learned when President Bush first nominated Harriet Miers during his second term, before she quickly withdrew because of questions about her lack of qualifications. And President Richard Nixon suffered the embarrassment of having two of his Supreme Court nominees rejected by the Senate because of serious questions about their credentials as well. Gorsuch fills all the requisite boxes: Columbia undergrad, Harvard Law, clerk for two Supreme Court justices, and has been a federal judge for years.   3) He is a Scalia clone. President Trump has nominated Gorsuch to fill the vacancy left by the death of Justice Antonin Scalia. Gorsuch has often been described as a conservative judge, very much in the mold of Scalia. In fact, Gorsuch felt such a connection with Scalia that he says he wept when he learned of his death last year. Conservatives who felt a similar connection to Scalia will feel it's only right that Gorsuch is succeeding him. And liberals who long loathed the more intellectually conservative Scalia will be predictably annoyed that he's virtually returned in a younger form. 4) He's pro-life, but not in the way you think. Gorsuch has not issued any major opinion or written directly about abortion or Roe v. Wade. The agonizing litmus test on the abortion issue will thus be hard to apply to Gorsuch, and this will make his confirmation process somewhat easier for him. However, Gorsuch has been outspoken on the issue of euthanasia and end of life issues. He has set himself apart from most of even the most scholarly judges by writing a philosophical book about these topics, based on political theory and ethics. As impressive as it is, this will still enrage liberals and others who believe in the right to die. However, Gorsuch's opponents will have a much harder time marshaling their opposition based on this issue compared to abortion. The Democrats have become an identity/gender politics party. And sadly, end-of-life issues touch people of all races, ages, and income level. This will simply not be as damaging to Gorsuch among liberals as any kind of anti-abortion record. However, his opposition to euthanasia will be a bigger positive with conservatives than it will be a negative with liberals. 5) He's from a state that matters. Gorsuch hails from Colorado, a key swing state that President Trump almost won in the election. While it may not seem like choosing a nominee form a particular state will make a difference to the voters, these things tend for swell local pride. Just as importantly, Colorado's Democratic U.S. Senator Michael Bennett is a relative moderate, who might be swayed to vote for Gorsuch's confirmation because of his "favorite son" status. Every little bit helps. So, how does all of this stack up for Gorsuch's chances of being confirmed? Senate Minority Leader Chuck Schumer has to choose how far he's willing to go to block this nomination. Unfortunately for Schumer, the Senate Republicans could use the "nuclear option" to confirm Gorsuch with a simple majority vote in the Senate. This is the legacy that Schumer's predecessor, Harry Reid, left him when he decided to use the nuclear option himself to get several federal judges confirmed. Several reports say the Senate Republicans under Mitch McConnell are prepared to use the same option now to confirm a Supreme Court nominee. That is the biggest reason why Schumer is most likely to make a lot of noise opposing Gorsuch, but will not expend all of his ammunition to block him. So, expect delays and even some kind of Senate floor demonstration. But in the end, Schumer knows he cannot really expect to win this fight against a highly educated legal scholar. He will have a better chance trying to block the remaining unconfirmed Trump cabinet choices or upcoming Trump legislation, like the Republican tax bill. Barring any major surprises, Neil Gorsuch will be on the high court before the end of this Supreme Court session. More»
Amwal Al Ghad English - 2016-08-09 09:28:49
Among their many differences, the U.S. Republicans and the Democrats have widely divergent ideas about taxes. Here’s what the parties and their candidates have said about this topic, which is near and dear to the hearts of many voters. The Republican party tax platform The Republican platform states that tax rates that penalize thrift or discourage investment must be lowered, and rules that discourage economic growth must be changed. The platform calls for eliminating unspecified special interest-loopholes while being mindful of the tax burdens that are imposed on families with children and an aging population. That’s typical boilerplate stuff. Specific proposals More specific proposals include: Making the Internal Revenue Code so simple and easy to understand that the IRS can be abolished. Removing all marriage penalties from the Tax Code. Repealing the Affordable Care Act, and the tax increases that it imposed (such as the 3.8% Medicare surtax on net investment income of higher-income individuals). Considering all options to preserve Social Security without tax increases. Reducing the corporate tax rate to be level with or below the rates charged by other industrialized nations. Adopting a balanced budget amendment that would require a super-majority for tax increases. Opposing any carbon tax. Republican presidential nominee Donald Trump aimed to cast himself as the only candidate who can deliver economic change in a speech Monday in Detroit. Watch the highlights. The Trump tax plan Donald Trump has proposed fewer tax brackets and lower rates for most individuals: 12%, 25% and 33% (versus the current rates of 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%). Rates on long-term capital gains and dividends would be 0%, 15%, and 20%. He has also pitched a proposal to allow families to deduct child-care expenses, however details are lacking. Trump would abolish the federal estate tax and the alternative minimum tax. Some individual write-offs would be curtailed, but itemized deductions for home mortgage interest and charitable donations would be retained under the current rules. Trump would cut the corporate tax rate from the current 35% to 15%, but eliminate tax deferral on overseas profits. The 15% rate would also apply to business income from sole proprietorships and income passed through to individuals from businesses conducted as S corporations, LLCs, and partnerships. Trump would impose a cap on business interest deductions. He would repeal the Affordable Care Act and the tax increases that it imposed. More»
Amwal Al Ghad English - 2016-07-23 11:15:43
Tim Kaine was picked late Friday as Hillary Clinton’s vice presidential running mate. Despite his protestations as recently as this week that he was too dull to get the nod, his selection was viewed as a lock by Friday morning. Clinton announced her pick via social media and text message. Here are some facts about the U.S. senator from Virginia: Doubling down on experience: Like his would-be boss, Kaine has both executive and legislative experience. Elected to the Senate in 2012, the 58-year-old had been governor of Virginia from 2006 to 2010. At the helm of the Old Dominion, he oversaw a state whose unemployment rate didn’t spike as much the country’s did overall during the Great Recession. It’s a fair question whether that performance can be credited to Kaine’s stewardship or the fact that the federal government kept employment levels high in the region. Consider: Neighboring Maryland’s unemployment rate also was better than the national rate (though worse than Virginia’s) while Kaine was governor. Él habla español: Kaine is fluent in Spanish, having served with the Jesuit Volunteer Corps in Honduras. In fact, he discussed an immigration bill on the floor of the U.S. Senate entirely in Spanish, making him the first senator ever to do so. To be fair, Clinton already is handily leading Trump among Hispanic voters — with an incredible 69-point margin, per one poll — but a key will be getting Latinos to the polls on Election Day. Free trader: Kaine’s no Trump — or Bernie Sanders, for that matter — on trade. He’s been a proponent of the North American Free Trade Agreement and voted in support of the Trans-Pacific Partnership, the Asian trade pact that Clinton helped negotiate as secretary of state but has repudiated as a presidential candidate. Fans on Wall Street: By industry, Kaine has received the third highest proportion of his political donations from the “securities and investment” sector, per data from OpenSecrets, running behind only lawyers and the retired. Kaine has taken some heat from liberal groups for supporting looser rules on regional and community banks. One such regional bank, Capital One, is based in McLean, Va. Gift recipient: Kaine accepted about $160,000 in gifts while governor, and lieutenant governor, of Virginia. That’s legal under Virginia laws, and Kaine’s campaign has emphasized that he’s gone beyond disclosure requirements. One gift came from generic-drug maker Teva Pharmaceuticals, which gave him $12,000 to cover expenses at the Democratic Governors Association meeting in 2006. More»
Amwal Al Ghad English - 2016-06-22 09:32:55
There’s only one day to the British referendum that will decide the U.K.’s relationship with Europe for generations to come—high time for a look at what will happen in the vote itself. First, the big picture. The issue is whether the country should exit the European Union or stay within the bloc. The “Leave” camp argue the EU is a very different proposition to the European Economic Community that Britain joined in 1973. Since then, its scope has widened to cultural, judicial and other areas beyond that economic Common Market. On the other side, the “Remain” camp argues that the U.K. gains in economic benefits, security and global influence from being a key member of a large bloc of nations. Those are the two sides in the June vote. Below is an explanation of who is eligible to cast a ballot and the other “mechanics” of the referendum. When will the result be known? What will happen next? Here key things to know about the in/out vote over the issue widely known as Brexit. What will the referendum question be? The wording is: “Should the United Kingdom remain a member of the European Union or leave the European Union?” There are two options for voters: “Remain a member of the European Union” or “Leave the European Union.” Coming up with a format wasn’t as straightforward as might be expected. The bill passed to allow the ballot to take place had a different question: “Should the United Kingdom remain a member of the European Union?” with a yes/no choice of response. But the original wording was changed after complaints that it was biased in setting out only the “remain” option. Voters in Wales will also see a Welsh version of the question on their ballot papers. When is voting day, and when do the results come in? Polling stations in England, Scotland, Wales and Northern Ireland will be open on June 23 between 7 a.m. and 10 p.m. local time, or 2 a.m. to 5 p.m. Eastern Time. The ballot count is expected to start as soon as the polling stations close. The result should be known by early morning on Friday, June 24, though this depends on the circumstances in the 382 local areas where the count is being carried out. The first set of results look likely to be released at 12:30 a.m. local time, the official Electoral Commission has said. About half of the counting areas are expected to have reported by 4 a.m., and about 80% by 5 a.m. They are expecting the final set of results at 7 a.m. Who can vote? Voters must be at least 18 years of age. Anyone who voted in May 5 local elections held in Scotland, Wales and Northern Ireland won’t need to re-register for June 23’s referendum. Figures showing how many people have signed up to vote will be released somewhere around five days before the referendum. This is who is eligible to vote in person or via mail: • British and Irish citizens living in the U.K. • British and Irish citizens who live overseas—any country, not just in the EU—who have registered to vote in the U.K. in the last 15 years • People from the Commonwealth who have permission to enter or remain in the U.K. The Commonwealth is an organization of 53 countries that mostly were formerly part of the British Empire. That means Indians, Australians and South Africans, for example, who are U.K. residents will be among those going to the ballot box. And while Fiji and Zimbabwe have been suspended from the Commonwealth, people from those countries who live in the U.K. can still take part in the referendum. • But people from the EU who reside in the U.K. won’t be able to vote, apart from citizens of Malta, Cyprus and Ireland. While people can vote by mail, one instance shows there may be risk in that. Some Britons who live in Germany and France have run into difficulties sending their prepaid Brexit ballots back to the U.K. More»
Amwal Al Ghad English - 2016-03-10 09:25:37
Egypt has officially nominated its former foreign minister Ahmed Aboul-Gheit as chair of the League of Arab States. Aboul-Gheit was the last foreign minister in the 30-year rule of ousted President Hosni Mubarak – a job he kept for about seven years before the cabinet was forced to resign under pressure from angry demonstrators in the wake of the January Revolution of 2011. During the early days of the revolution, Aboul-Gheit argued that the protests were inevitably limited and could not force the fall of Mubarak. For about two years after leaving the foreign office, Aboul-Gheit was forced into a political seclusion. He came out of his retreat briefly during the 2012 presidential elections when he publicly supported his close cabinet associate and Mubarak’s last prime minister Ahmed Shafik against Islamist Mohamed Morsi. During Morsi's rule (2012-2013), Aboul-Gheit kept a very low profile, returning to the public scene only after the ouster of Morsi. During these years of seclusion, Aboul-Gheit wrote his memoires on his term as foreign minister, which were printed by Dar Nahdat Misr in 2013 under the title of “My testimony – Egyptian foreign policy: 2004-2011.” Aboul-Gheit's "testimonies," as he wrote in the introduction to his book, were inspired by the dairies he started keeping since the outbreak of the October 1973 war with Israel, when he was still a relatively junior diplomat at the office of the foreign minister. Prior to his assignment to the helm of Egyptian diplomacy in 2004, Aboul-Gheit served as the permanent representative of Egypt at the UN headquarters in New York (1999-2004). He also served as the chief of staff of former Egyptian foreign minister Amr Moussa for several years in the 1990s. During his service under Moussa and then in New York, Aboul-Gheit showed excellent administrative skills and considerable diplomatic poise, accomplishments which eventually helped him get selected by Mubarak in 2004 to succeed Ahmed Maher (2001-2004) as Egypt's foreign minister. As foreign minister, Aboul-Gheit had to deal with one tough mission after another, which he handled with his typical diplomatic poise. The most difficult mission for Aboul-Gheit as foreign minister, according to diplomats who had served with him at the time, was to motivate an aging and increasingly disinterested and disenchanted Mubarak to engage the country in political action to face up to serious regional challenges, including the Arab-Israeli conflict and Egypt's African and Arab relations. “I would not say that he pushed the line often,” said one diplomat. “I would not even say that he ventured to push the line in general beyond what Mubarak wanted to do. He opted for a smoother tactic whereby he would sell his ideas to those that had Mubarak’s ears, especially former intelligence chief Omar Soliman, before sending a written proposal for the consideration of the president.” Overall, however, these diplomats say that Aboul-Gheit, who always keeps a smile and a disciplined work routine, was aware that Mubarak’s rule was coming to an end; he believed, as many at the time did, that the presidency would go to Mubarak’s son Gamal, who was reportedly being groomed for the top job as early as 2002. According to another diplomat who served in Washington during the last few years of Mubarak’s rule, “Aboul-Gheit could certainly see what was coming and he played along, just like everybody else in the government. He may have been more visible to the public because he was foreign minister." In his memoires, Aboul-Gheit suggested that he did not favour the grooming of Gamal Mubarak and that he shared this sentiment privately with intelligence chief Soliman, who seemed to have also been against the idea. During his seven years at the helm of Egyptian diplomacy, Aboul-Gheit, to the great pleasure of Mubarak, managed to keep the then-growing disagreements between Cairo and Washington over democratisation in Egypt relatively contained. He also found areas to augment the scope of Egyptian-US cooperation at the regional level and to encourage Washington to overlook its disagreements with Cairo over matters related to human rights, the rights of minorities and democracy. The Palestinian-Israeli negotiations were carefully used by Aboul-Gheit to serve as relatively easy space for Egyptian-US cooperation. The firm opposition of Islamist resistance movements to US policies in the area – Hamas in Palestine and Hezbollah in Lebanon – was another venue for close Egyptian-US and Egyptian-Israeli-US cooperation during Aboul-Gheit's time as foreign minister. It is his critical position towards these two groups that is said by Gulf diplomats to have secured him the nod of approval from the otherwise not very welcoming Gulf Cooperation Council. During Aboul-Gheit's tenure as foreign minister, Egypt enjoyed close cooperation with Saudi Arabia, in fact the closest between Cairo and Riyadh in decades. This tight coalition between Egypt and Saudi Arabia was consolidated during the last years of Mubarak by Cairo and Riyadh’s shared dislike of Doha’s overture to play a larger regional role – aspirations that Doha pursued vigorously after the Arab Spring, and took to higher levels during the one-year rule of Morsi in Egypt, but tamed after the death of King Abdullah of Saudi Arabia in 2015 and the beginning of a new era of reconciliation between Riyadh and Doha. Qatar was not the only Arab state with which Aboul-Gheit had “diplomatic issues.” Algeria and Sudan were subject to the scorn of the top Egyptian diplomat during a public relations squabble in January 2010 over a football World Cup qualifying game that Sudan hosted for the national teams of Egypt and Algeria. Last year, these three countries strongly objected to news that Egypt planned to formally nominate Aboul-Gheit during the Arab summit in Sharm El-Sheikh. This year, however, Saudi intervention reportedly managed to broker a political deal in which Egypt would have its candidate passed in return for political understandings. According to Egyptian diplomats, Egypt had to offer generous diplomatic concessions for the three previously anti-Aboul-Gheit countries – Algeria, Sudan and Qatar – on contested vacancies in regional, sub-regional and international organisations in order to secure their support for its candidate. “There is no great interest in the Arab League or in its role at this point, given the many hiccups that most member-states are passing through, and nobody really cares to make a big fuss over the matter,” said an Arab League source. Meanwhile, Arab diplomatic sources said that the top priority for Riyadh now is to orchestrate a relatively united "Arab front" in the face of its regional arch enemy Iran – which is something they trust Aboul-Gheit could help forge given his long-time dislike of that regime. As part of the political package that the Saudis reportedly brokered, Egypt and Qatar would both tone down the high pitch in their disputes, which are essentially related to the hospitality that Doha had been showing to the ousted members of the Muslim Brotherhood. “What counts for the Saudis now is to build a Sunni political – maybe later military – front in the face of Iran; and nobody wants to contest this,” the same Arab League source said. More»
Amwal Al Ghad English - 2016-01-11 09:33:32
Ali Abdel-Al, 68, is an Ain Shams University constitutional law emeritus professor who won a seat in an Upper Egypt governorate as part of the Pro-Egyptian State Coalition, which at the time was named the For the Love of Egypt list. Abdel-Al was also at the top of a committee responsible for drafting three election laws in 2015; the exercise of political rights, the House of Representatives affairs, and the division of electoral constituencies. He has said several times that he is highly supportive of President Abdel Fattah al-Sisi. When he visited parliament for the first time after winning a seat in the first round of the polls last October, he told reporters that the relationship between the parliament and the president of the republic should be based on "cooperation rather than confrontation". Abdel-Al first came to prominence when former interim president Adli Mansour selected him in 2013 to be one of a 10-member committee entrusted with handing a draft of Egypt's new constitution to a wider 50-member body for review. President Sisi selected Abdel-Al as a member of the legislative reform committee that took charge of vetting important political and economic legislation. Officials affiliated with the pro-Sisi parliamentary bloc entitled Support Egypt were quick to announce that as long as former interim president Mansour – the head of Egypt's Supreme Constitutional Court – was not appointed by Sisi to parliament, they would back the nomination of Abdel-Al for the post of speaker. Article 117 of the new constitution states that the speaker and two deputies cannot be elected for more than two consecutive legislative seasons. Article 160 states that if the president is temporarily not able to exercise his powers, the prime minister will act in his place. However, if the president's office becomes vacant due to his resignation, death or a permanent inability to work, the speaker of parliament shall temporarily assume the powers of the president. A new president should be elected within 90 days. The last speaker of the previous house of parliament, which was dissolved in June 2012 by a court order on constitutional grounds, is the now-imprisoned leading Muslim Brotherhood member Saad El-Katatni. El-Katatni is ‎appealing a death sentence over charges of damaging and setting fire to prison buildings, murder, attempted murder, looting prison weapons depots and releasing prisoners while escaping from Wadi El-Natroun prison during the January 2011 revolution. During the Mubarak-era, law professor Ahmed Fathi Sorour served as speaker from 1990 until the January 2011 revolution. More»
Amwal Al Ghad English - 2015-09-19 18:49:07
Prime Minister - Sherif Ismail Sherif Ismail, a career engineering technocrat with no history of membership in political parties, was sworn in as Egypt's new prime minister before President Abdel-Fattah al-Sisi Saturday morning. Ismail, who avoids media spotlight and rarely speaks in public on his political views, replaces Ibrahim Mahlab as prime minister. The new PM brought 16 new faces into the cabinet, retained 17 Mahlab picks, and merged or abolished some ministries bringing the total of portfolios to 33 down from Mahlab's 34. Ismail, who was born in 1955, graduated from the Faculty of Engineering at Ain Shams University in 1978. He worked briefly for the multinational oil company Mobil, before joining the Egyptian state-owned company Engineering for the Petroleum and Process Industries (Enppi) in 1979. Ismail served as minister of petroleum under Ibrahim Mahlab since 2014. More»
Amwal Al Ghad English - 2015-08-13 09:01:47
In his blog post Monday announcing the surprise restructuring of Google into a conglomerate called Alphabet, Larry Page said this about Sundar Pichai, 43, the eleven-year Googler who will replace Page as Google’s CEO: “Sundar has been saying the things I would have said (and sometimes better!) for quite some time now, and I’ve been tremendously enjoying our work together. . . .Sergey [Brin] and I have been super excited about his progress and dedication to the company.” Where did Pichai (pronounced peh-CHAI) come from and how did he make his way to head one of the highest-grossing businesses in the U.S.? Last year 89% of Google’s $66 billion in revenues came in through the division Pichai will lead. When he first joined the company, he seemed like one of many smart, capable employees who came from a humble background. According to a June 2014 cover story about him in Bloomberg BusinessWeek, Pichai grew up in Chennai, a southern Indian city of 4 million where his mother worked as a stenographer before she had children and his father, an electrical engineer, managed a components factory for a British conglomerate. More»
Amwal Al Ghad English - 2014-12-01 08:48:29
Gold prices fell the most in more than three weeks and the Swiss franc dipped slightly on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum. The measure, had it been approved, would have compelled the Swiss National Bank (SNB) to more than double its gold reserves and banned it from ever selling the metal, threatening its ability to defend a 1.20 euro cap on the Swiss franc imposed at the height of the euro zone crisis. Gold fell more than two percent to $1,142.91 per ounce, its lowest level in more than three weeks, while silver also took a hit, falling more than six percent to a five-year low of $14.42 per ounce. The Swiss franc dipped to 1.2042 on the euro from 1.2018 at the end of last week. It last stood at 1.2036. "The result should of course temporarily relieve the pressure on the SNB's currency floor, albeit whilst doing little or nothing in our opinion to reverse the fundamental downward trajectory of EUR/CHF," said JPMorgan analyst Paul Meggyesi. Oil prices hit new four-year lows, unable to find a bottom despite their biggest fall in 2 1/2 years last week after OPEC resisted cuts to output in the face of a supply glut. U.S. crude fell more than two percent to a four-year low $64.62 per barrel after a 13.5 percent last week. That marked a 40 percent decline from their peak in June. Sliding oil prices have stirred deflation fears in the euro zone and Japan, cementing expectations that the European Central Bank and the Bank of Japan will take more steps to support their respective economies. The dollar, taking advantage of such concerns, attracted bids against the euro and yen. The euro was slightly weaker at $1.2441 after having fallen on Friday on data showing annual inflation in the euro zone cooled to five-year lows of 0.3 percent in November. Many traders expect the ECB may signal further action to ward off deflation later this week. The dollar also gained 0.2 percent in early trade to 118.81 yen, coming within sight of testing its seven-year high of 118.98 set on Nov. 20. The dollar index, which measures the greenback against a basket of major currencies, rose to 88.316, near four-year highs of 88.44 set on Monday last week. In Asia, falls in energy and raw material prices look set to hurt assets that are tied to the resource sector, including from Australian mining shares to the Malaysian ringgit. Australian shares dipped 0.2 percent in early trade, helping to push down MSCI's broadest index of Asia-Pacific shares outside Japan 0.3 percent. Nikkei futures in Chicago traded about 0.3 percent below Friday's local closing levels but traders say Japanese shares could benefit from both the fall in the yen and oil. Indeed, shares of some of the other oil consuming economies could gain after Wall Street shares rose for a sixth straight week, as strength in consumer names offset falls in energy shares. U.S. debt yields have fallen to six-weeks low of 2.166 percent on Friday as the fall in oil prices cooled inflation expectations. More»
Amwal Al Ghad English - 2014-03-30 07:30:48
Born in 1954 in the coastal city of Balteem in the Delta governorate of Kafr El-Sheikh to a working-class family, Hamdeen Sabahi was the youngest of 11 children.He studied mass communication at Cairo University. A politically-active student, he was elected head of the Cairo University Student Union in 1975 and served as deputy chair of the General Federation of Students from 1975 to 1977. He established the political Nasserist Thought Club to mobilise on Cairo University’s campus in defence of the principles of Gamal Abdel-Nasser's 1952 revolution in a context of later rapprochement efforts with the West by then-president Anwar El-Sadat. As well as being a political activist, Sabahi worked as a journalist. In 1977, following the January popular uprising against Sadat over skyrocketing food prices, Sabahi publicly confronted the president in a televised meeting in which he spoke on behalf of the Cairo University Student Union. As a result, Sabahi was prohibited from working as a journalist in the state media sector for several years. Sabahi’s membership in the Arab Democratic Nasserist Party was suspended in 1994 due to internal conflicts between the party's young cadres – including Sabahi – and the party's old guard of personalities who had been close to late president Nasser. More»