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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        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        

Egypt News

Egypt FM Meets Syrian Opposition Leader in Cairo

Published 2014-10-30 14:37:07| Amwal Al Ghad English

Egyptian Foreign Minister Sameh Shoukry met with Syria's exiled opposition leader Hady Al-Bahra in Cairo on Thursday to discuss developments in Syria. During the meeting, Al-Bahra stressed the importance of Egypt's role in resolving the Syrian crisis, reported Al-Ahram Arabic news website, quoting foreign ministry spokesman Badr Abdel-Ati. Egypt reiterated its calls for a political solution to the crisis which establishes a democratic system that accommodates the country's "political and ethnic diversity," Abdel-Ati said. In an interview with Saudi Arabian newspaper Akaz published on Wednesday, Egypt's President Abdel Fattah al-Sisi said a solution to the crisis in Syria should follow a deal between the Bashar Al-Assad regime and the opposition. The Syrian National Coalition (SNC), headed by Al-Bahra, has been seeking Al-Assad's overthrow since the outbreak of civil war in 2011. Egypt has recently joined an international coalition led by the United States against IS, an extremist Islamist group which now controls territory in Syria and Iraq and is fighting Islamist groups backed by the SNC.
International News
The nation’s economic output rose at a 3.5 percent annual rate in the third quarter, the Commerce Department reported Thursday, offering another sign that growth is steady if unspectacular. The higher-than-expected bump in gross domestic product — a measure of all the goods and services produced — was driven in part by an unusual spurt of federal spending, concentrated in defense, and private investment outside the housing sector. Consumer spending, though up 1.8 percent, was weaker than some economists had hoped, given recent job growth and money saved from falling gas prices. Analysts surveyed by Bloomberg had expected the gross domestic product figure to be 3 percent for the quarter. Although bigger than expected, the result was not surprisingly a decline from the second quarter’s impressive 4.6 percent annualized growth rate, which came after a bitter winter that contributed to the previous quarter’s disappointing 2.1 percent decrease. Strong exports and private inventory investment helped pull the economy out of its first-quarter slowdown. Those looking for reasons to be optimistic about the quarter already underway can point to falling gasoline prices, an unemployment rate that has declined below 6 percent, and perhaps most encouraging from this week, a report from the Conference Board showing that the consumer confidence index jumped in October to a seven-year high. That upbeat outlook could help push up consumer spending during the coming holiday season. “I don’t think it’s going to be hard to maintain a growth of 3 percent for the fourth quarter,” said Carl Tannenbaum, chief economist at the Northern Trust Company: “This is the strongest six-month interval we’ve had in 10 years,” he said, adding that “the pace of the expansion has clearly increased.” He noted, however, that in the third quarter, “the things that drove us were not the usual suspects” — in particular, an unusually high 10 percent bump in the federal government sector, helped by a 16 percent increase in military spending. “Consumers were a little less active than we might have thought,” he said. Krishna Memani at Oppenheimer Funds agreed that “the components may not be as strong as the headline number shows.” Consumption did not pick up as much as economists hoped, he said. Reinforcing positive signs in the labor market, however, the Labor Department said Thursday that new claims for unemployment insurance benefits remained at recent low levels. The four-week moving average was 281,000, compared with 352,500 a year ago. The Federal Reserve asserted its belief in the economy’s underlying strength on Wednesday, announcing a halt to its six-year, multitrillion-dollar bond-buying program, ending one of its most pointed efforts to ignite the economy. Still, the Fed continued to say it planned to keep short-term interest rates close to zero for a “considerable time,” a sign that the central bank is proceeding with caution. In a speech in Boston this month, Janet L. Yellen, the Fed chairwoman, also expressed concern about a decline in the number of new businesses, which are traditionally a vehicle for Americans to get ahead. Certainly, the stock market’s unpredictable swings rattled investors recently. But skeptics may be more concerned about the effect of Europe’s anemic growth on the American economy. Some economists worry that European policy makers and the European Central Bank are not doing enough to stimulate their sluggish economies. An announcement by the European Central Bank on Monday that it was buying 1.7 billion euros’ worth of private assets was seen by many as too small an effort given the region’s economic problems. Government statisticians will revise Thursday’s figure twice, first in November and then in December. Thus, the final measure of growth could end up being restated by as much as a percentage point in either direction, according to Pantheon Macroeconomics. Lurking beneath all the statistics, however, is the insistent worry that even the most promising numbers are masking profound inequalities, as Ms. Yellen indicated in her Boston speech. “It is no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority,” she said. “I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity.”
In his speech during the Cairo conference on Gaza aid, Qatari foreign minister Khaled Al-Attiya announced Doha's donation of $1billion for the reconstruction of the destructed Gaza Strip.