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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        

Industry & Trade

Naguib Sawiris to bring Cyprus’ Ayia Napa Marina to ‘Fruition’ – Minister


Published 2015-01-28 17:41:46| Amwal Al Ghad English

Egyptian business tycoon Naguib Sawiris’ contribution to Cypriot Ayia Napa development is expected to help bring the project to fruition, Cyprus’s tourism minister Yiorgos Lakkotrypis said. The Government of Cyprus has revealed on Monday that a new strategic shareholder, represented in the Egyptian business tycoon, has joined the ambitious marina project located in Ayia Napa, along the southeastern coast of the island. Lakkotrypis further told local media sources following a formal meeting with President Nicos Anastasiades, that M.M. Makronisos Marina Ltd., the consortium responsible for the development of the marina, has concluded an agreement with Sawiris, providing for construction to begin during 2015. The marina is preliminarily projected to be completed by 2018. The Ayia Napa marina is currently one of the largest investment projects in Cyprus. Expected to require an overall investment of some €220 million, the marina is estimated to create a total of 800 jobs during construction, and an additional 200 when the project becomes operational, Cyprus-based Gold News reported. “We are looking at the development that happened in Mykonos,” Sawiris said of the inspiration behind the luxury marina project. “Even Mykonos does not have marina facilities of the high quality we are seeking to create here.” “The faster it kicks into the economy, the more success it will have,” he added. Sawiris cited both the island’s tourist potential and Cyprus’ proximity to Cairo as reasons for investing in the marina.  “The people are nice, the weather is nice and the country is beautiful, so it has all the ingredients for a successful tourist project,” he said. “Our intention with this project is to bring Ayia Napa back onto the tourist map, as the marina will provide a place for yachts to dock,” he concluded.According to Sawiris, the marina project will include a variety of residential and hospitality facilities, including apartments, villas as well as a luxury hotel.
Tech news
Samsung Egypt has hired 15 Korean experts currently in Cairo to develop an after-sales services plan, according to Tamer Al-Gamal, head of the mobile phone sector at Samsung Egypt. Al-Gamal said the move was a sensible one in light of Samsung’s topping mobile phone sales in Egypt. He emphasised that the company will finish the plan in February, adding that smart phones account for 45% of total mobile sales in Egypt according to studies conducted by the International Data Corporation (IDC). This number is expected to increase by 10% to 55% by the end of 2015. Regarding the decline of Samsung’s market share in 2014, Al-Gamal emphasised that the company still has a local market lead. He added that the decline is natural in light of the presence of several competitors, in addition to various “illegitimate” ones. The latter category is comprised of phones bearing a Samsung logo that entered the country illegally. He added that August witnessed an influx of “illegitimate” devices controlling 50% of market sales, although security measures taken on the Libyan and eastern borders reduced the market presence of those devices. From the perspective of Egyptians’ consumption patterns, Al-Gamal said local consumers have recently become interested in design as well as screen size. There is a strong trend towards choosing devices with screens measuring between 4.5-5.5 inches, as well as high-quality cameras. He added that Samsung is always careful to meet consumers’ needs, and more than 54,000 of the company’s total 250,000 employees work in the field of research and development. This was evidenced in part by the ‘A’ family of Galaxy phones which are distinguished by a completely metal design and a camera equipped to take selfies manually. He revealed the company will launch the Galaxy A7 phone at the beginning of February 2015. The launch is in line with Samsung’s plans to offer 7 new models of smart phones during the first quarter of the current year.
Internet News
Twitter Inc on Tuesday said it will buy Indian mobile phone marketing start-up ZipDial, reportedly for $30 million to $40 million, as the U.S. microblogging service looks to expand in the world's second-biggest mobile market. Bengaluru-based ZipDial gives clients phone numbers for use in marketing campaigns. Consumers call the numbers and hang up before connecting and incurring charges, and then receive promotion-related text messages. The start-up's clients include International Business Machines Corp, Yum! Brands Inc's KFC and Procter & Gamble Co's Gillette. The service capitalizes on a local tradition of communicating through so-called missed calls. A person may give a friend a missed call to signal arrival at an agreed destination, for instance, without having to pay the cost of a phone call. Such "unique behavior" was behind ZipDial, the start-up said in a statement announcing the Twitter deal.