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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

The Watch - Get To Know

Amwal Al Ghad English - 2017-12-20 09:14:30
U.S. Republicans promised a tax bill by Christmas, and — except for a few final steps — they are ready to deliver. On Tuesday, both the House and Senate voted to pass the Republican tax plan, a $1.5 trillion proposal that gives corporations a permanent and massive tax break, temporarily cuts rates for individuals, and repeals the Affordable Care Act's individual mandate — a move that is estimated to leave 13 million fewer insured in the next 10 years. The House will vote again Wednesday morning on minor last-minute changes to the bill made in Senate to comply with budget rules. Republicans haven't let the fact that the bill is full of broken promises stand in the way of notching a legislative win by the year's end. The final bill lowers the corporate rate from 35 percent to 21 percent, gives pass-through businesses like the Trump Organization a 20 percent tax deduction, increases the standard deduction, expands the child tax credit, and temporarily lowers individual rates across the board. It's a bill that by almost every official analysis overwhelmingly benefits America's highest earners, and doesn't do much to simplify the tax code. But as Republicans promised, in the first year, almost all Americans will see at least a marginal decline in their taxes. Here are some of the major winners and losers from this GOP tax plan. Winner: corporate America A massive corporate tax cut has been the centerpiece of the Republican tax plan from the beginning. This bill permanently cuts the corporate tax rate from 35 percent to 21 percent to bring it closer to that of countries like Canada, which has a 15 percent corporate tax rate, or Ireland, which has a 12.5 percent corporate tax rate. Republicans also repealed the 20 percent corporate alternative minimum tax, which was set up in the current tax code to ensure that corporations paid at least some taxes. The bill also changes tax provisions for American companies abroad: Corporations will no longer have to pay corporate taxes on money they claim to have earned abroad — a move that could encourage companies to keep income in foreign tax havens. Corporate income brought back to the United States will be taxed between 8 and 15.5 percent, instead of the current 35 percent. The idea is that the lower tax rate will push corporations to invest more in the United State, raise wages, increase jobs, and unleash unprecedented economic growth. "It's in all of our best interest to have these tax cuts for corporations so that they will have more money to invest in their business and pay their workers," Rep. Mike Conaway (R-TX) said. By most analyses, this is largely a false promise. The Center on Budget and Policy Priorities, pulling together assessments from the Congressional Budget Office, the Joint Committee on Taxation, the Tax Policy Center, the Treasury's Office of Tax Analysis, and the Institute on Taxation and Economic Policy, found that workers would only receive a quarter or less of the benefits from tax cuts — and among those workers, it's likely the higher earners that would benefit. While it's true that the United States' corporate tax rate is exceptionally high on paper, the actual rate that corporations currently pay is much lower than 35 percent. "Our corporate tax code is riddled with loopholes, and what corporations pay is far, far lower — somewhere between 13 and 21 percent," Hunter Blair, a tax and budget analyst at the left-leaning Economic Policy Institute, told Vox. The Congressional Budget Office puts the United States' current effective corporate tax rate at 18.6 percent, lower than that of some countries in Europe and Asia. While the Republican bill closed some of these smaller loopholes, many of the major ones remain intact, making this massive tax cut into a bonanza for corporate America. More»
Amwal Al Ghad English - 2017-11-11 08:42:03
The U.S. Commerce Department has revealed the list of the 37 major deals signed between U.S. and Chinese companies around President Donald Trump's Asian tour. The dollar value of those deals is in excess of $250 billion. Catepillar, Boeing, and Goldman Sachs are just some of the notable names on the list of companies that made deals with China, the full list of which is below. Commerce Secretary Wilbur Ross said the deals were a good example of Trump helping to build bilateral trade relationships between the two nations. "American businesses are the most innovative in the world and, when given access, can compete with anyone," Ross said. "I believe these deals can provide a solid foundation for a stronger relationship that is more free, fair, and reciprocal between the U.S. and China." "It was a great honor for these [deals] to be witnessed by President Trump and President Xi today," Ross added. "A special thank you to our CEO delegation for their hard work in support of this historic event." Goldman Sachs CEO Lloyd Blankfein, Qualcomm CEO Steve Mollenkopf, Cheniere Energy CEO Jack Fusco, Air Products CEO Seifollah Ghasemi, and division heads from Boeing and General Electric were among the more than two dozen business leaders who attended. Trade has been one of Trump's core priorities in his first year in office. He held talks with Chinese President Xi Jinping during his visit about the multibillion-dollar U.S. trade deficit with China. According to Chinese customs data, China's trade surplus with the U.S. expanded by 12.2 percent in October from a year earlier to $26.6 billion. For the first 10 months of the year, the total surplus widened to $223 billion. China is the U.S.'s No. 3 export market, just behind Canada and Mexico. Speaking in Beijing on Thursday, Trump laid the blame for the ballooning deficit on "past administrations for allowing this out-of-control trade deficit to take place and to grow." More»
Amwal Al Ghad English - 2017-10-19 09:47:20
The ongoing constitutional crisis between Spain and Catalonia will now likely result in the mythical "Article 155" being invoked by the Spanish government in a bid to bring the region's pro-independence government to heel. Here, CNBC explains just what Article 155 is and how it could affect Spain and Catalonia's futures. What is Article 155? The term Article 155 has been thrown about in media reports as the Catalania crisis has grown. It has come to signify a powerful weapon in Spain's arsenal that Madrid can use to stop the separatist movement in Catalonia from pursuing a unilateral secession from Spain. Article 155 refers to the section within Spain's constitution where it states that any largely autonomous community must fulfill its obligations to the Spanish state, or else risk having its powers taken away. What Article 155 says In plain English, the article means that if a self-governing community, like Catalonia, has acted in any way to undermine the interests of Spain, the national government will "take all measures necessary" to force it to meet its obligations to the state. Here is the actual wording of Article 155 in the Spanish constitution: "If a self-governing community does not fulfill the obligations imposed upon it by the constitution or other laws, or acts in a way that is seriously prejudicial to the general interest of Spain, the government, after having lodged a complaint with the president of the self-governing community and failed to receive satisfaction therefore, may, following approval granted by the overall majority of the senate, take all measures necessary to compel the community to meet said obligations, or to protect the above mentioned general interest." It adds: "With a view to implementing the measures provided for in the foregoing paragraph, the government may issue instructions to all the authorities of the self-governing communities." How does invoking Article 155 work? On Thursday, Spain's central government said that it will move to suspend Catalonia's autonomy after the regional leader failed to drop a bid for independence. In a statement on Spain's government website on Thursday morning, Madrid said that the Catalan leader Carles Puigdemont had refused to comply with a request to formally declare whether the region had declared independence. Consequently, it said it would "continue with the procedures provided for in Article 155 of the Constitution to restore legality in the self-government of Catalonia." Meaning, the government is set to meet on Saturday to propose measures to strip Catalonia of some powers and officially trigger Article 155 of the Constitution. Article 155 has never been invoked before but as tensions have grown between Spain and Catalonia a constitutional crisis has become more of a possibility. Article 155's effects would not be felt for several days due to it requiring approval from the upper house of parliament, the Senate. Rajoy would have to submit a list to the Upper House detailing the specific actions that the government is planning to take under Article 155. This list is also sent to a separate committee within the Senate that deals with autonomous communities, like Catalonia, before finally being debated by the Senate. A majority is then required to approve the proposals the Spanish government has suggested. Currently, Rajoy's People's Party has a majority in the Upper House meaning the proposals should pass. What happens afterwards? Given the unprecedented nature of the situation it's still unclear how the Catalan government will respond to Article 155. It's also uncertain how Madrid would actually go about seizing powers from Catalonia. While taking control of its police force and ousting local officials are possibilities there could be a public backlash if it tries to do so. Analysts were unsure about what specific measures the Spanish government could take, but expected the situation to deteriorate. "The list of measures that Rajoy might take under Article 155 remains unclear, but it is likely that he would use it to trigger early elections in the region at some point before the end of the year," Barroso said. Marco Protopapa, an economist at JPMorgan, agreed that it was difficult to know exactly what measures the Spanish government could take. "It is hard to predict the intensity of the central government response with Article 155 and the law of national security. We expect a gradual approach, which might involve the trial by the constitutional court of the leaders of the Catalan government for sedition and rebellion, and the automatic suspension from their functions," he said in a note Wednesday. Protopapa believed disorder was "very likely, but it will be important to watch intensity and duration" and that the crisis was nowhere near over. "Even though we continue to believe that Catalan independence remains only a remote tail risk (due to the economic damage it would involve), we expect things to remain very uncertain for a long time. Over that period of time, things may get worse before they get better," Protopapa warned. More»
Amwal Al Ghad English - 2017-07-29 09:46:17
Reince Priebus, Donald Trump's beleaguered chief of staff, is officially out. The U.S. president took to Twitter on Friday evening to announce that his new chief of staff will be John F. Kelly, who is currently serving as the Secretary of Homeland Security. "I am pleased to inform you that I have just named General/Secretary John F Kelly as White House Chief of Staff. He is a Great American ...," Trump tweeted to his more than 34 million followers, "... and a Great Leader. John has also done a spectacular job at Homeland Security." Trump added: "He has been a true star of my Administration." About Priebus, he wrote, "I would like to thank Reince Priebus for his service and dedication to his country. We accomplished a lot together and I am proud of him!" According to the Department of Defense, the four-star Marine general, 67, was born and raised in Boston, "enlisted in the Marine Corps in 1970, and was discharged as a sergeant in 1972, after serving in an infantry company with the 2nd Marine Division, Camp Lejeune, North Carolina." After graduating from the University of Massachusetts in 1976, he became an officer in the Marine Corps. He served in various positions with the U.S. military over the years, including as Special Assistant to the Supreme Allied Commander in Belgium. He returned to the U.S. in 2001, becoming a brigadier general in 2002. Kelly also served a tour in Iraq and was eventually placed in charge of the United States Southern Command, a position he held until January 2016. That "had him in charge of military operations in 32 countries in the Caribbean, Central America and South America," according to PBS. The article notes that Kelly was a staunch critic of President Barack Obama: He has occasionally criticized the Obama administration's military policy, such as trying to close Guantanamo Bay and opening all combat roles to women. He argued that conditions in Gitmo are not as harsh as its opponents have alleged and that the military would be forced to lower its physical standards to allow women in combat roles. Just a year after retirement, he was tapped by Trump to serve as the Secretary of Homeland Security. According to PBS, Kelly did not "openly endorse Donald Trump at any point throughout his campaign." Kelly's new appointment comes just days after Anthony Scaramucci, Trump's newly assigned communications director, gave a scathing critique of Priebus' role in the administration. As The New Yorker reports, there was believed to be considerable friction between the two men: While they have publicly maintained that there is no bad blood between them, Scaramucci and Priebus have been feuding for months. After the election, Trump asked Scaramucci to join his Administration, and Scaramucci sold his company, SkyBridge Capital, in anticipation of taking on a senior role. But Priebus didn't want him in the White House, and successfully blocked him from being appointed to a job until last week, when Trump offered him the communications job over Priebus's vehement objections. Preibus, 45, previously served as the chairman of the Republican National Committee. "Reince is a good man. John Kelly will do a fantastic job," Trump told reporters who had traveled with him Friday on Air Force One. "General Kelly has been a star, done an incredible job thus far, respected by everybody. He's a great, great American. Reince is a good man." More»
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»