EGX ends 4-session week in semi-collective rise

FILE – Employees in the EGX following performance of the trading session on December 12, 2017CAIRO - 24 April 2019: The Egyptian Exchange (EGX) ended four-session week in a semi-collective rise, adding LE 3.78 billion to market capitalization, amid foreign purchases.This week witnessed the referendum on some constitutional amendments, and passed by passed by 88 percent with 44 percent turnout. Also, EGX will start official holidays’ session tomorrow starting by Thursday, April 25, in celebration of the liberation of Sinai from the Israeli occupation.Trading will be resumed on Tuesday, April 30, to be off again on Wednesday, May 1, which marks Labor Day. Labor Day, also called International Workers’ Day, is a celebration of the working classes and occurs every year on May Day, an ancient European spring festival. EGX will back to trading normally on Thursday, May 2, according to EGX statement.The benchmark EGX30 rose 0.85 percent, or 124.49 points, to close at 14,770.27 points.The equally weighted index EGX50 increased 0.16 percent, or 3.55 points, to reach 2,286.37 points, and the broader index EGX100 inched up 0.05 percent, or 0.75 point, to 1,657.54 points.On the other hand, the small and mid-cap index EGX70 dipped 0.04 percent, or 0.25 points, to close at 649.27 points.Market capitalization gained LE 3.78 billion, recording LE 805.61 billion, compared to LE 801.83 billion in Tuesday’s session.The trading volume reached 70.76 million shares, traded through 12,160 transactions, with a turnover of LE 391.83 million.Foreign investors were net buyers at LE 41.71 million, while Egyptian and Arab investors were net sellers at LE 41.12 million, and LE 597,769, respectively.Egyptian and foreign individuals were net sellers at LE 32.83 million, and LE 3.28 million, respectively, while Arab individuals were net buyers at LE 5.3 million.Egyptian and Arab organizations sold at LE 8.28 million, and LE 44.99 million, respectively, while foreign organizations bought at LE 44.99 million.Lecico Egypt, Mansourah Poultry, and Memphis Pharmaceuticals, were top gainers of the session by 6.91 percent, 6.08 percent and 5.07 percent, respectively.Meanwhile, National Housing for Professional Syndicates, Assiut Islamic Trading, and Alexandria Pharmaceuticals were top losers of the session by 9.04 percent, 8.17 percent, and 5.19 percent, respectively.EGX ended Tuesday’s session in red, as EGX30 dipped 1.05 percent, EGX50 lessened 1.03 percent and EGX70 declined 0.08 percent, EGX100 decreased 0.28 percent.

Source:Egypt Today

April 24, 2019 14:15 UTC


List of 16 ecotourism attractions in Egypt

White Desert in Bahariya Oasis - CC via Wikimedia Commons/AhmedherzCAIRO - 24 April 2019: A group of 12 mass communication students at Cairo University launched in March a campaign called Egypt Invisible Map (EIM) to promote destinations fit for ecotourism adopting “Shades of Eco” as slogan.The students perceive tourism destinations in Egypt as having three shades: green, blue and yellow representing respectively landscapes, seas, and deserts and mountains.There are 16 ecotourism attractions in Egypt identified in accordance with the criteria set by UNICEF and UNDP. The list was compiled from UNICEF, UNDP, scientific journals, research papers, online surveys, and interviews.1- Farafra Oasis2- Dakhla Oasis3- kharga Oasis4- Bahariya Oasis5- Siwa Oasis6- Dahab7- Marsa Alam8- Nuweiba9- Taba10- Ras Mohamed and Nabq in Sharm El Sheikh11- Makadi, Safaga, Gouna and Al Qusayr in Hurghada12- Nuba in Aswan13- Tunis village in Fayoum14- Wadi Degla and Sant Samaan monastery in Cairo15- Menya16- Halayeb and ShalatynThe various activities that can be done by tourists in those destinations include hiking, snorkeling, diving, Safari, animals and birds watching, camping, photography, meditation and stargazing.“Ecotourism is defined by the International Ecotourism Society as: “responsible travel to natural areas that conserves the environment and improves the welfare of local people.” The key principles of ecotourism include minimizing impact, protecting biodiversity, building environmental awareness, and respecting local culture. Typically, the primary attractions for ecotourists are flora, fauna, and cultural heritage,” as indicated by Rainforest Alliance website.

Source:Egypt Today

April 24, 2019 13:34 UTC


Health Ministry to set up 4 medical centers in Africa

FILE - Hepatitis C VirusCAIRO - 24 April 2019: Minister of Health and Population Hala Zayed said Wednesday that the ministry started setting up four medical care centers in Africa starting with Chad.According to a statement issued by the ministry, Zayed added that the project comes in implementation of an initiative by President Abdel Fatah al-Sisi for treating one million African nationals from virus C.She noted that African nationals living in Egypt will also be treated as part of the initiative, the statement reported.Earlier April, Spokesperson for the Health Ministry Khaled Megahed told Egypt Today that the Health Ministry is establishing 13 centers to treat African people from Hepatitis C (HCV).Megahed also added that more than 45 Million citizens have been detected so far as part of "100 Million Seha" campaign.In Feb., Minister of Health Hala Zayed said in statement that more than 30,375 million citizens were screened for HCV as part of the campaign across Egypt.The initiative was launched by President Abdel Fatah al-Sisi under the title "100 Million Health" to eradicate Hepatitis C Virus (HCV) and chronic diseases.The Health Ministry has vowed to completely eliminate the disease from Egypt by 2022.Spokesperson of the Ministry of Health Megahed told Egypt Today that the three-phase campaign started in October 2018 and will end in April 2019.In Jan., the minister unveiled an Egyptian initiative to treat African people from Hepatitis C, starting with the Nile Basin countries that have an estimated 3.7 million hepatitis C patients, representing 30 percent of the total number of infected people in Africa.

Source:Egypt Today

April 24, 2019 12:00 UTC


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