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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Northern Upper Egypt Developme   4.93        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        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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 - Tech news

Amwal Al Ghad English - 2014-10-28 09:09:44
South Korea's LG Electronics Inc said on Tuesday that it will end the production of plasma display televisions by end-November in order to focus its efforts on liquid crystal display and OLED televisions. LG Electronics said in a regulatory filing the decision reflects a decline in demand for plasma televisions. The move was widely expected as LCD TVs have become the mainstay product in the global market. Samsung SDI Co Ltd, sister company of LG's TV rival Samsung Electronics Co Ltd, also said in July that it will shut down its plasma panel production business by Nov. 30 due to the decline in overall demand. More»
Amwal Al Ghad English - 2014-10-28 09:09:41
Alibaba Group Holdings Ltd (BABA.N) executive chairman Jack Ma said he's open to working with Apple Inc (AAPL.O) on mobile payments, as China's richest person prepares to call on Hollywood this week in search of media partners. Alibaba affiliate Alipay is China's largest payments service, while Apple just this month debuted its own version of a mobile wallet, letting iPhone 6 users make payments at retailers with their smartphones. Ma told a Wall Street Journal Digital Live conference on Monday that he has tremendous respect for Apple CEO Tim Cook. "I hope we can do something together," he said when asked if Alipay and Apple Pay might tie up. Ma, who amassed a fortune estimated at $25 billion partly through his stake in recent market debutante Alibaba, is a frequent visitor to the United States. This week, he plans to visit a number of Hollywood studios, reportedly to strike up content deals. "I want to come here looking for partners," he said, adding that China will eventually become the world's largest movie market. Alibaba, which handles more e-commerce transactions than Inc (AMZN.O) and eBay Inc (EBAY.O) combined, does not have much of a presence among American retail customers and Ma said his focus for now was on serving his Chinese clientele. Ma added that he wanted to work on selling American and European products to China, reversing the typical flow of goods over the past 10 to 15 years. Alibaba has acquired some smaller American companies such as niche online retailer 11Main and Ma said he will continue to invest in the United States. More»
Wael Al Toukhy - 2014-10-27 12:57:00
I Sourcing serves Europe from its offices in Cyprus and Egypt and serves the Middle East and the GCC from its offices in Saudi Arabia and Egypt asserted that it will take part in Cairo ICT conference by the mid of the next week as it will provide various series of technical support methods and services, Ashraf Tanbouly CEO revealed. I Sourcing will display the latest services of outsourcing and call centers in maintenance field, noting that the company will participate in the conference within ITIDA group, Tanbouly said. The company will implement sales project in England as I Sourcing will start project in IT field worth EGP2 million in Saudi Arabia, rejecting to disclose any details. More»
Amwal Al Ghad English - 2014-10-27 10:11:59
Phones and Internet communications in the governorate of North Sinai restored yesterday after 4 hours continuous outages. The Egyptian army took control of the central telecom building in al-Arish and cut off all landlines, mobile phones, and Internet communications in the governorate of North Sinai. More»
Nayera Eid - 2014-10-27 09:48:03
An official source in Information and Communication Technology (ICT) Ministry revealed that the ministry is about to set up holding firm so as to launch 7 new technological areas with paid up capital nearly EGP3.5 billion, the ministry, Information Technology Industry Development Agency (ITIDA) and Egypt Post will participate in the launch, in addi8tion to National Investment Bank(NIB) expressed its willingness to take part in the new firm. The new firm will mainly focus on alluring the needed investments to launch the new region after putting the final scheme for launching the firm. The ministry is targeting to launch 7 new technological region in Ismalia 'Technological Valley' , Borg El-Arab, El Sadat, Damietta, Sohag, 10th of Ramadan and Aswan with investments around EGP24 billion by Public Private Partnership (PPP) system. Housing Ministry agreed to grant ICT ministry the 7 areas among the new urban communities' schemes in those areas. Furthermore, ICT ministry is seeking to revive outsourcing industry services and exporting information technology by the next period. More»
Amwal Al Ghad English - 2014-10-27 09:01:20
The Middle East and Africa subsidiary of Tokyo-based Sony Corporation has announced the launch of a new underwater store for its Xperia products in Dubai. The company said that the world’s first Xperia Aquatech store in Dubai is nearing completion and will open on December 3. At its opening, Sony said that it will provide a chance to some of its select VIP customers and members of the press to go underwater to view the Sony Z3 Series of waterproof smartphones, tablets, and accessories. “We promised 2014 would be a year marked by a bigger, better and bolder Sony approach to both our products and the way we present them,” said Rüediger Odenbach, vice president of Sony Mobile Middle East and Africa. “Currently, Sony Mobile offers its consumers a wide range of Xperia smartphones, tablets, and accessories with the highest waterproof rating, and today we have taken the bold step of creating The World’s First Xperia Aquatech Store, which will offer a number of our customers and guests an exhilarating and unforgettable experience, once again highlighting Xperia’s passion for innovation in the smartphone market.” However, the company did not reveal any further details about the location of the store or if it is going to be a temporary or a permanent one. Sony also said that an interactive competition will be held prior to the opening, giving customers an opportunity to win access to the underwater store. The Japanese electronics manufacturer has launched a number of Xperia products in the region with the latest being Xperia Z3 Dual and Z3 Compact. The UAE’s consumer electronics industry has been booming over the last few years and according to a study by Dubai Chamber of Commerce and Industry, is predicted to reach $3.97 billion by 2015. Global electronics firms have launched several new products in the GCC to cater to this demand. As part of its World Tour Event, Samsung recently launched its next generation smartphone Galaxy Note 4 along with a limited edition premium device, the Note Edge and a new smartwatch, Gear S in Dubai. Meanwhile, Obi Mobile – a budget smart phone brand that was co-founded by ex Apple CEO John Sculley- launched five new devices in the region in September. More»
Amwal Al Ghad English - 2014-10-27 08:53:43
Canon Inc. (7751.TO) said Monday its net profit slipped 1% in the July-September period, as the company continued to struggle with falling demand for digital cameras. The Japanese office equipment and camera maker said its net profit decreased to Y58.249 billion ($540 million), from Y58.822 billion in the same period last year. Sales fell 4.5% to Y872.208 billion from Y913.149 billion. The improved quality of smartphone cameras has hit Canon and other digital camera makers. Worldwide camera shipments were down 32% in the first eight months of this year from the same period last year, according to data by the Camera & Imaging Products Association in Tokyo. Canon said imaging system sales, which include digital cameras, fell 9.4% during the third quarter, as consumers continued to use smartphones as cameras. To differentiate itself from smartphone cameras, Canon is shifting its focus to higher value-added products. For the full business year ending in December, the company now expects revenue of Y3.74 trillion, down from an earlier projection of Y3.78 trillion. The company's outlook is based on the assumption that the dollar will average Y108 and the euro Y137 for the rest of this year. Canon generates about 80% of its revenue outside Japan. Canon's earnings are based on U.S. accounting standards. More»
Amwal Al Ghad English - 2014-10-27 07:54:03
 Vodafone Egypt, the country's largest mobile carrier, said on Sunday it was negotiating a 4 billion Egyptian pound ($560 million) credit line with a consortium of seven banks. "The company is currently in the process of completion of the signing of a credit facility contract," a spokeswoman said via email. The participating banks are Banque Misr, Commercial International Bank(CIB), AlexBank, HSBC, Barclays Bank, Emirates NBD and QNB Bank. Vodafone Egypt, majority owned by British mobile operator Vodafone, is the leading communications player by customer numbers in the country of 86 million. It is also 45-percent owned by fixed-line telecoms firm Telecom Egypt . The spokeswoman did not say how the cash would be used but Egyptian financial newspaper al-Borsa said it would go towards modernising the company's network and improving services in the face of regular power blackouts. Egypt is facing its worst energy crisis in decades, with low production and high power consumption, resulting in regular power cuts that have hit private companies, particularly in the industrial sector. More»
Amwal Al Ghad English - 2014-10-26 12:36:51
The stock of landline operator Telecom Egypt (ETAL-CA)(TE) has risen on Sunday backed by the news that the Prime Minister promised to allow the company to provide mobile services in one month. The stock advanced 4.94% to EGP 13.17, after more than 509 shares were exchanged in 318 transactions at above EGP 6.7 million. CEO Mohamed El Nawawi, during a visit to Marsa Matrouh central, told TE workers that he received a pledge from the Egyptian government that the company will be allowed to foray into the country’s mobile phone market within a period not exceeding one month. The top official said he received a verbal promise from the Prime Minister to operate the mobile service within one month. El Nawawi told Shorouk newspaper his company is fully prepared to kick off the service three weeks only after being licensed. Minister of Information and Communication Technology Atef Helmy has previously reiterated commitment to award TE a mobile license in return of granting other mobile companies the right to operate in fixed line segment. More»
Amwal Al Ghad English - 2014-10-26 12:12:11
The Egyptian Company for Mobile Services (Mobinil) (EMOB.CA) reported a net loss of LE390 million ($54.5 million) in its unaudited consolidated financial results for the quarter ending on 30 September 2014. This represents a 12.8 percent drop in losses for the mobile operator, compared to the corresponding quarter of the previous year, for which the company reported a loss of LE447 million ($62.5 million), Mobinil said in a statement to the Egyptian Stock Exchange on Thursday. Revenues rose by 4 percent in the meantime, recording LE8.2 billion in Q3 2014, compared to LE7.8 billion in the corresponding quarter of the previous year. The company attributed the relative drop in losses to improving economic conditions since the country's 2011 uprising, while blaming higher fuel prices and a newly-introduced 5 percent hike on income tax for rising operational costs and an increasing tax burden. More»