EGX ends Wednesday in green amid Egyptian, foreign selling

CAIRO – 23 May 2018: The Egyptian Exchange (EGX) ended Wednesday’s session in green, and market capitalization gained LE 687 million ($38.29 million) amid Egyptian and foreign selling.

The benchmark EGX30 edged up 0.03 percent, or 4.89 points, to close at 16,662.55 points.

The equally weighted index EGX50 rose 0.27 percent, or 7.72 points, to reach 2,909.22 points.

The small and mid-cap index EGX70 increased 0.34 percent, or 2.95 points, closing at 862.71 points, and the broader index EGX100 went up 0.01 percent, or 0.32 points, to close at 2,189.18 points.

Market capitalization gained LE 687 million, recording LE 949.11 billion, compared to LE 948.42 billion in Tuesday’s session.

The trading volume reached 140.59 million shares, traded through 19,360 transactions, with a turnover of LE 684.58 million.

Arab investors were net buyers at LE 20.84 million, while Egyptian and foreign investors were net sellers at LE 11.63 million and LE 9.21 million, respectively.

Arab and foreign individuals were net buyers at LE 22.23 million and LE 25.37 million, respectively, while Egyptian individuals were net sellers at LE 17.97 million.

Arab and Foreign organizations sold at LE 1.39 million and LE 34.58 million, respectively, while Egyptian organizations bought at LE 6.34 million.

El Arabia Engineering Industries, Wadi Kom Ombo Land Reclamation, and El Obour Real Estate Investment were top gainers of the session by 9.98 percent, 9.97 percent and 9.78 percent, respectively.

On the other hand, Gharbia Islamic Housing Development, Alexandria Spinning & Weaving (SPINALEX), and Abu Dhabi Islamic Bank- Egypt were top losers of the session by 10 percent, 3.43 percent and 2.52 percent, respectively.

The EGX ended Tuesday’s session in red, as the EGX30 slipped 0.73 percent, the EGX50 declined 0.45 percent, the EGX70 decreased 0.08 percent and the EGX100 went down 0.34 percent.

Trading on the EGX during the holy month of Ramadan is from 10 a.m. to 1:30 p.m. (CLT).

 

Source :  Egypt Today

Loudspeakers of 10 mosques in Alexandria removed to avoid nuisance

Egypt Independent

May 23, 2018

2:11 pm

Egyptian authorities have removed loudspeakers from 10 mosques in various areas of Alexandria in response to complaints by citizens that the noise was disruptive.

A statement released from the undersecretary of Religious Endowments’ Ministry Mohammed al-Ajmi at Alexandria explained the necessity of the removals.

“A number of inspection and follow-up committees affiliated to the Ministry of of Religious Endowments have removed redundant loudspeakers by about 10 mosques in different areas inside the Alexandria governorate,” he said.

Al-Ajmi also said in a press statement, issued on Tuesday, that “this was done in a quick response to citizens’ complaints”, which were sent to the official website of the Ministry of Religious Endowments.

He added that he personally follows all the complaints received on the website, noting that serious response is paid to every complaint that proves its validity and aim to achieve the public interest, not for personal or malicious causes.

In 2015, Egypt’s Ministry of Religious Endowments called on preachers not to use loudspeakers in mosques during the Friday prayers, stressing that that violators of his rule will be subjected to penalties.

Reasons givens behind the include that these loudspeakers are a heavy nuisance to residents living near mosques, according to Al-Ahram.

According to Egyptian media outlets, penalties may range from preventing six months ‘wages or fifteen days’ salary deduction.

 

Source :  Egypt Independent

Champions League final: Mo Salah is ‘similar to Messi’ #RMDLIV

CNN

May 23, 2018

2:49 pm

Cristiano Ronaldo and Mohamed Salah have been central figures in the two most prolific attacking teams in Champions League history.

Liverpool’s front three of Salah, Sadio Mane and Roberto Firmino have scored a record 29 goals this season, eclipsing the previous best of 28 set by Ronaldo, Gareth Bale and Karim Benzema in 2013/14 for Real Madrid.

On Saturday, these attacking trios will come face-to-face as Liverpool take on Real Madrid in the Champions League final in Kiev.

Ronaldo, despite enduring an early season drought, has now scored at least 50 goals in each of the past eight campaigns, while Salah has notched 44 goals in 52 games this term for club and country.

But Liverpool’s Croatian defender Dejan Lovren, who will be tasked with stopping ‘BBC’ — if, of course, Bale starts in the final — believes his teammate is more akin to Ronaldo’s great rival Barcelona’s Lionel Messi.

“Mo Salah is a player who gives everything on the training ground,” Lovren told CNN Sport’s Christina Macfarlane. “And

I would say he is more similar to (Lionel) Messi.

“He knows when is the right time and the right moment to accelerate or to speed the game up.

‘Amazing season’

Based on current form, Lovren believes Salah has been one of the world’s top three best players.

“He’s shown that he fits in this team perfectly, he’s had an amazing season and he’s now, not without reason, the best striker in the world with 44 goals, said Lovren. “He’s one of the top three at the moment.”

With two of the world’s most feared strikers coming up against defenses which have continued to leak goals throughout the Champions League campaign and in their respective leagues, the smart money says there will be goals in Saturday’s final — and lots of them.

Following a tricky opening few months — Lovren suffered injury and a dip in form — the Croatian has enjoyed a resurgent second half of the season to become a key figure in Liverpool’s much-improved defense after the arrival of Virgil van Dijk from Southampton in January.

Source :  Egypt Independent

Egyptian Government to resolve work permits issue for Egyptian expats soon: Minister Nabila Makram

Al-Masry Al-Youm

May 23, 2018

1:10 pm

Immigration and Egyptian Expatriate Affairs Minister Nabila Makram has said that her ministry, in cooperation with the Ministry of Manpower, is currently working to renew work permits for Egyptian workers abroad.

In statements to Al-Masry Al-Youm, the minister said that some governors issued decisions not to renew their permits.

She said that the talks between the two ministries came out with a mutual recommendation that would serve the interests of the workers abroad and the interests of the country, and the details of which will be announced soon.

Makram also stated that the recommendation issued by the ministries of Immigration and Manpower will be on the agenda at the meeting of the cabinet to discuss its adoption.

She added that she discussed with the Minister of Social Solidarity Ghada Waly the launching of an association of Egyptian scientists abroad, pointing to the importance of establishing the association as an entity that brings together Egypt’s experts from outside the country.

Makram believes that such an association would connect experts with young researchers back in Egypt to build a generation capable of moving towards a scientific renaissance.

Edited translation from Al-Masry Al-Youm

 

Source :  Egypt Independent

Ambazonie: un ministre de Biya échappe de justesse à un enlèvement

Face à la menace terroriste, les autorités administratives multiplient des décisions et arrêtés à la veille de la célébration de la fête nationale du 20 mai 2018.

La ville de Dschang et ses environs ne va pas continuer de servir de base arrière aux membres des milices qui ne cessent de perpétrer des exactions dans la région du Sud-Ouest. L’arrêté N° 05 du mardi 15 mai 2018 signé du préfet de la Ménoua, Balungeli Confiance Ebune portant suspension et réglementation de la circulation dans le département de la Menoua témoigne de ce que la situation sécuritaire est fortement menacée dans son territoire de commandement. On peut lire : « est à compter de la date de la signature du présent arrêté, suspendue l’activité de mototaxis dans certains localités et villages, de même qu’est réglementée l’activité desdites mototaxis dans le département de la Menoua ». Les villages concernés par la suspension de cette activité sont ceux des arrondissements de Dschang, Fongo Tongo, Kong-Ni et de Santchou.

Au premier constat, tous les villages sont ceux qui sont limitrophes avec certaines localités de la région du Sud-Ouest voisine et où des exactions de kidnapping et de terrorismes sont récurrentes ces dernières semaines. Au point de viser même les autorités administratives. Il y a quelques jours le sous-préfet de Fongo-Tongo avait échappé à un kidnapping qui l’avait contraint à se réfugier à Dschang pendant des jours. L’exaction la plus fraiche est l’assassinat du chef du village de Ekeh, survenu dans la matinée du mardi 15 mai 2018.

Certaines sources y voient même la goutte d’eau de trop qui est à l’origine de l’arrêté préfectoral suscité. Ce d’autant plus que depuis lors, panique et peur se sont emparées des populations du département du Lébialem dans la région du Sud-Ouest et du département de la Ménoua dans la région de l’Ouest qui est la principale voie de contournement pour accéder dans ces circonscriptions administratives de la région du Sud-Ouest.

Base-arrière

A cela s’ajoute, l’attaque le 22 avril 2018 du convoi du gouverneur de la région du Sud-Ouest. Bernard Okilia Bilai avait essuyé des tirs nourris des groupes armés sécessionnistes, au niveau de la bourgade de Lewoh sur la route enclavée qui relie la ville de Dschang et le département du Lebialem. Il allait alors à Menji chef-lieu de Lebialem installer le nouveau préfet de ce département, et ce malgré son escorte par un char militaire. De même, il y a l’enlèvement à Alou dans le Lebialem, le 17 mars 2018 du Pca du Gce board, le Pr Ivo Leke Tambo Fondem, alors qu’il conduisait une délégation d’une trentaine d’étudiants des universités de Dschang et Bamenda pour une excursion académique dans le département du Lebialem.

Après recoupement, on apprendra que ce groupe armé se réclamant des séparatistes de l’Ambazonie. Ils se proposaient de kidnapper le ministre Délégué auprès du ministre de l’Economie, de la Planification, et l’Aménagement du territoire chargé de la Planification, Paul Tasong. Ce dernier avait fait escale la veille dans la ville de Dschang avant de poursuivre son voyage qui était prévu le jour de cet incident. Seulement, pour certaines raisons, le ministre avait reporté son voyage de 48 heures, et la milice, pris au dépourvu, a mis le grappin sur le cortège du Pr Ivo Leke qui comprenait son véhicule 4×4 et un minibus de 30 places qui transportait les étudiants.

Selon nos sources, les renseignements font état de ce que parmi les membres de ses milices, on retrouve d’anciens étudiants sans emploi, originaires du département du Lébialem. Certains membres ont été reconnus par certains étudiants arrêtés dans ledit cortège.

Mais aussi, il est signalé que plusieurs se réfugient dans la ville de Dschang qui les sert de base arrière pour aller commettre des exactions dans le département du Lébialem en empruntant les routes escarpées et les pistes rurales enclavées pour échapper aux barrières des éléments des différentes unités de la gendarmerie nationale et autres contrôles mixtes.

 

cameroonweb.com

Cameroon summons US envoy over anti-government remarks

US Ambassador to Cameroon Peter Henry Barlerin (file photo)

Cameroonian authorities have summoned the United States’ ambassador to the Foreign Ministry to have him explain his earlier anti-government comments.

US Ambassador Peter Barlerin was called in to the Cameroonian Foreign Ministry on Wednesday.

Earlier, on May 18, Barlerin had accused government forces of the “targeted killing” of separatists in the autonomy-seeking English-speaking regions of the country.

“On the side of the government, there have been targeted killings, detentions without access to legal support, family, or the Red Cross, and burning and looting of villages,” he had alleged in a statement. He had also accused the separatists of “murders of gendarmes, kidnapping of government officials, and burning of schools.”

In related news on Tuesday, the United Nation’s Office for the Coordination of Humanitarian Affairs (OCHA) said around 160,000 people had been internally displaced by the fighting between government forces and separatists in Cameroon. Some 20,000 have sought refuge in neighboring Nigeria, according to OCHA.

Soldiers of the 21st Motorized Infantry Brigade patrol in the streets of Buea, Southwest Region of Cameroon, April 26, 2018. (Photo by AFP)

In 2016, separatists from the Anglophone community in the country stepped up a campaign for greater autonomy.

The minority accounts for about a fifth of the country’s population of 22 million.

Cameroon’s President Paul Biya has rejected the Anglophones’ autonomy demands, prompting radicals to issue a full-blown but symbolic declaration of independence last October.

Armed clashes then ensued between government forces and the separatists.

Many Anglophones in the northwest and southwest regions of Cameroon complain of marginalization in education, the judiciary, and the economy.

Since the end of 2016, at least 120 civilians and at least 43 security forces have been killed in the fighting, according to the International Crisis Group (ICG) think tank.

 

Source :  presstv.com

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