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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Universal For Paper and Packag   4.94        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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        


Investment - Internet News

Amwal Al Ghad English - 2014-01-04 08:56:51
AT&T Inc on Friday offered customers of No.4 U.S. mobile provider T-Mobile U.S. Inc a $200 credit to switch to its service, firing the first volley this year in what may become a price war that benefits consumers but plays havoc with profits across the industry.  AT&T, the No.2 U.S. mobile provider, announced the promotion after months of direct marketing against it by T-Mobile, and in anticipation of a new offer from its smaller rival on January 8.  The news depressed shares in T-Mobile and Sprint Corp - which have been rallying in recent weeks on optimism about potential consolidation - and to a lesser extent industry leader Verizon Communications. The move could kick off a year of discounts from U.S. wireless operators, who are increasingly dependent on price to compete because they all offer similar phones and any network advantages are hard to prove, according to analysts.  MoffettNathanson analyst Craig Moffett described AT&T's move as the "early makings of a price war" that would boost customer switching, also known as churn, and in turn hurt profits. More»
Amwal Al Ghad English - 2013-12-31 08:40:01
More U.S. adults use LinkedIn and Pinterest than Twitter, but that website attracts a greater proportion of blacks and young adults than do its social media peers, a Pew Research Center study released on Monday showed. Photo pin-up site Pinterest spiked in popularity over the past year, according to the survey, a poll of 1,445 Internet users aged 18 and older. About 21 percent of respondents said they employ the service, up sharply from 15 percent in a similar survey conducted a year ago. The figure was 22 percent for LinkedIn and 18 percent for Twitter, holding roughly steady from a year ago. About 29 percent of the blacks surveyed by Pew made use of Twitter, well above 16 percent for whites and Hispanics, the study showed. (r.reuters.com/fyc75v) Twitter ranks higher than Pinterest in terms of engagement, however: 46 percent of users surveyed go onto the online messaging service daily, versus 23 percent for Pinterest and just 13 percent for LinkedIn. More»
Amwal Al Ghad English - 2013-12-30 08:18:46
A hacker secretly took over a computer server at the BBC, Britain's public broadcaster, and then launched a Christmas Day campaign to convince other cyber criminals to pay him for access to the system. While it is not known if the hacker found any buyers, the BBC's security team responded to the issue on Saturday and believes it has secured the site, according to a person familiar with the cleanup effort. A BBC spokesman declined to discuss the incident. "We do not comment on security issues," he said. Reuters could not determine whether the hackers stole data or caused any damage in the attack, which compromised a server that manages an obscure password-protected website. It was not clear how the BBC, the world's oldest and largest broadcaster, uses that site, ftp.bbc.co.uk, though ftp systems are typically used to manage the transfer of large data files over the Internet. The attack was first identified by Hold Security LLC, a cybersecurity firm in Milwaukee that monitors underground cyber-crime forums in search of stolen information. The firm's researchers observed a notorious Russian hacker known by the monikers "HASH" and "Rev0lver," attempting to sell access to the BBC server on December 25, the company's founder and chief information security officer, Alex Holden, told Reuters. More»
Mahmoud Hemdan - 2013-12-21 14:07:38
Egypt’s gold exports reported a sharp fall during the period starting from January - November 2013 to hit around EGP 6 billion, Amwal Al Ghad has cited sources from the Foreign Trade Sector as saying on Saturday. The sources further stated that Egypt’s gold exports from Jan-Nov 2013 dropped by around 33%, against EGP 9.2 billion for the same comparable period in 2012. The sources have attributed the decline to the unstable working environment at Egypt’s largest gold producer Sukari Gold Mine resulting from workers’ strikes and court disputes. By the end of 2012, Egypt’s exports of gold reached around EGP 10.034 billion. More»
Amwal Al Ghad English - 2013-12-19 08:29:12
Facebook Inc, Chief Executive Mark Zuckerberg and dozens of banks must face a lawsuit accusing the social media company of misleading investors about its health before its $16 billion initial public offering, a federal judge said. In a decision made public on Wednesday, U.S. District Judge Robert Sweet in Manhattan said investors could pursue claims that Facebook should have prior to its May 2012 IPO disclosed internal projections on how increased mobile usage and product decisions might reduce future revenue. "The company's purported risk warnings misleadingly represented that this revenue cut was merely possible when, in fact, it had already materialized," Sweet wrote in his 83-page decision. "Plaintiffs have sufficiently pleaded material misrepresentation(s) that could have and did mislead investors regarding the company's future and current revenues." In a statement, Facebook said: "We continue to believe this suit lacks merit and look forward to a full airing of the facts." Facebook went public at $38 per share. The Menlo Park, California-based company's share price rose as high as $45 on May 18, 2012, its first day of trading, but quickly fell below the offering price and stayed there for more than a year. More»
Amwal Al Ghad English - 2013-12-17 09:21:08
Yuri Milner, the Russian investor known for his bets on Facebook Inc and Twitter Inc, is pulling out of an arrangement that let him invest automatically in a group of companies participating in a program called Y Combinator. The companies will instead receive investments from venture-capital firm Khosla Ventures, Y Combinator said in a blog post on Monday. Milner "has been spending less time focused on seed-stage investing," the blog post said. "Yuri originally came up with the idea for investing in all YC companies, and we're grateful to him for that and for all the years he has participated." A spokesman for Milner did not immediately respond to a request for comment. Since announcing his backing of Y Combinator companies in early 2011, the Russian billionaire has stepped up commitments to other areas, especially China. The investment fund he runs, DST Global, has backed Alibaba Group and 360buy.com; his personal investments include online smartphone retailer Xiaomi. Twice a year, Y Combinator admits about 50 young companies for instruction in entrepreneurship and introductions to key players in Silicon Valley. More»
Amwal Al Ghad English - 2013-11-24 08:19:15
German labour union Verdi is preparing more strikes to step up pressure on Amazon, the world's biggest Internet retailer, in a dispute over pay and conditions, a newspaper reported. "Further strikes are to be expected," Welt am Sonntag quoted Verdi board member Stefanie Nutzenberger as saying in an excerpt of an interview to be published on Sunday. The union has organised several short strikes this year in a bid to force Amazon to accept a collective agreement on employment conditions similar to deals for the mail order and retail sector, which are more generous than for the logistics sector. Amazon regards staff in Bad Hersfeld and Leipzig as logistics workers and says they receive above-average pay by the standards of that industry. Nutzenberger said Verdi, which had already warned its members could strike during the busy Christmas holiday season, could expand industrial action beyond Leipzig and Bad Hersfeld, which have been the focus of walkouts so far. More»
Amwal Al Ghad English - 2013-11-21 07:49:04
Google Inc (GOOG.O) will offer a prepaid debit card that will allow consumers to purchase goods at stores and to withdraw cash from ATM machines, the Internet company said on Wednesday. The card, which is only available in the United States, lets consumers access the funds stored in their Google Wallet accounts. Google Wallet is a smartphone app and online payment service that lets consumers buy goods and transfer money to each other. The new Wallet card will be accepted at "millions of locations" that accept MasterCard and at ATM machines, Google said in a post on its official blog on Wednesday. Google said the card is free and that the company will not charge cardholders any monthly or annual fees. The card could help advance Google's efforts to play a bigger role in commerce and provide the company with valuable information about consumer shopping habits, though it appears to be less ambitious than the full-fledged credit card once rumored to be in the works. More»
Amwal Al Ghad English - 2013-11-20 08:00:15
Yahoo Inc said it has increased its share repurchase authorization by $5 billion and that it planned to offer $1 billion in convertible notes. Shares of Yahoo increased 1.6 percent to $35.17 in after hours trading on Tuesday following the announcement. Yahoo has aggressively repurchased its common stock in recent quarters using cash obtained from selling a portion of its stake in Chinese e-commerce giant Alibaba Group. In the first nine months of 2013, Yahoo spent $3.1 billion on share buybacks. The buybacks have helped boost Yahoo's shares roughly 74 percent this year, even as the Web portal's revenue growth has remained stagnant amid competition from Facebook Inc, Google Inc and Twitter Inc. Yahoo said the convertible notes will be due in 2018, with interest payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2014. The interest rate and other terms of the senior unsecured notes will be determined at the time of pricing Yahoo said. The company also intends to grant the initial purchasers of the notes the right to buy an additional $150 million in notes. More»
Amwal Al Ghad English - 2013-11-14 09:21:10
JPMorgan Chase & Co canceled a question and answer session on Twitter with a veteran investment banker after being flooded with insults, highlighting the risks companies take as they experiment with social media marketing. "Bad idea! Back to the drawing board," spokesman Brian Marchiony said by email on Wednesday evening after the event with bank executive Jimmy Lee was called off. JPMorgan last week asked users of the popular microblogging site to send questions marked with the hashtag #AskJPM in advance of the session set for Thursday at 1 p.m. in New York. Few questions appeared until Wednesday afternoon when responses started piling in. Some users simply made fun of the bank's attempt to use social media, but many others chose to insult executives or ask barbed questions about bank's recent legal problems and corporate responsibility. More»