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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        

Industry & Trade

No Plans to Cancel Ro-Ro Turkish Navigation Line with Egypt – Official

Published 2014-10-01 15:21:47| Amwal Al Ghad English

Egypt has no plans to cancel its Ro-Ro (Roll-on/roll-off) navigational line with Turkey, said an official from the Egyptian government on Wednesday. Saeed Abdullah, Head of Trade Agreements and Foreign Trade at Egypt’s Ministry of Trade and Industry, has refuted local media reports about plans to cancel the navigation convention with the Turkish side. Ro-Ro is a navigational line for exporting products from one country to another, he noted. There were circulating local media reports about plans to cancel the Egyptian-Turkish convention stating that Egypt had not achieved financial required revenues. The Egyptian government has made an agreement with the Turkish side on March 2012 to exploit Egyptian ports for the transport of Turkish exports whether food stuff, electric devices or textiles to Arab gulf countries after Syrian authorities’ closure of passageways outlets in front of Turkish trade directed to the Arab gulf. And on the 10th of November 2012 the Egyptian government has announced commence of work of the navigational line between Turkish “Eskendrona” port and Egyptian “Damietta” port on the Mediterranean north Egypt. The Ro- Ro line is a navigational line for exporting products from one country to another on trucks transported by ferries between nearest ports to the Mediterranean then completing its way to another land port on the Red Sea, trucks are then transported again by ferries to Saudi ports and from which by land to rest of gulf countries and vice versa.
Tech news
Orascom Telecom Media and Technology Holding (OTMT) announced on Wednesday that its chief executive officer Karim Beshara has submitted his resignation from his position as CEO and member of the board to the board of directors of the firm during a meeting held on September 30, 2014. As a result, Orascom Telecom's board approved the appointment Ahmed Abou Doma as a successor to the position. Beshara's resignation is effective as of October 1, 2014. The firm's board accepted Beshara's resignation and extended their gratitude to Karim Beshara for taking over the responsibility of setting up the company during the period of his responsibility. Executive Chairman of the board Naguib Sawiris said "I would like to thank Karim for his hard work, which paved the way for OTMT and served as a solid foundation for this company to take off on the road of success," "I would also like to Welcome Ahmed Abou Doma on the board of OTMT," He added. Sawiris continued: "I have great confidence in his abilities and his vision which he will surely use to build a success story for OTMT." For his side, Karim Beshara commented: "I am proud to have been involved in the inception of this entity poised for a bright future in new and innovative services and applications in the telecom field in our region and beyond," "I thank the board of OTMT for the trust they have put in me, and I particularly thank Mr. Sawiris for his incredible support during my working period with the company," He added. Beshara continued: "As I had planned to move on to pursue new private business opportunities, I leave OTMT in very capable hands to build a new legacy of success. also, I would like to welcome Ahmed Abou Doma and wish him success on his journey of taking the company to new heights" Ahmed Abou Doma commented, "I would like to thank the board of directors of OTMT, and particularly Naguib Sawiris for putting their trust in me to take on this exciting mandate at such challenging times in the telecom industry at large and in the Egyptian economy. Moreover, I would like to thank Karim Beshara for his great effort that will be the solid foundation on which the company will pursue new heights in the world of communications and achieve further expansion and successes."
Internet News
Facebook Inc is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter. The product is a redesigned version of Atlas Advertiser Suite, an ad management and measurement platform that Facebook bought from Microsoft Corp last year. It is expected to help marketers target Facebook users more effectively by measuring which users have seen, interacted or acted upon ads that appear on Facebook's services and on third-party websites and apps.The product will also provide a tool for marketers to buy ads to target Facebook users across the Web. Microsoft took on Atlas with its $6.3 billion acquisition of digital ad agency aQuantive in 2007. Unable to make it work for its own purposes, Microsoft wrote off $6.2 billion of the aQuantive deal's value in 2012. The world's No.1 Internet social network, which lags behind market leader Google Inc in U.S. market for online display ads, did not reveal how much it paid for the technology. Facebook counts 1.5 million advertising customers and the company's ad business saw strong growth across all of its geographic regions, Chief Operating Officer Sheryl Sandberg told Reuters in July. Mobile advertising revenue grew 151 percent year-over-year, accounting for roughly 62 percent of Facebook's overall ad revenue in the second quarter.