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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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        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        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 - 2016-03-06 09:59:54
Even as the Department of Justice battles Apple in court over access to encrypted data, the Obama administration remains split over backing requirements that tech manufacturers provide law enforcement with a "back door" into their products, according to a dozen people familiar with the internal debate. FBI Director James Comey and the DOJ - who are fighting to access an iPhone tied to the San Bernardino attacks – have long tried and failed to convince other departments to join the broader battle against unbreakable encryption, the current and former government officials said. Federal justice officials argue that strong encryption makes it harder to track criminals, a central contention in the iPhone case. But officials in other departments - including Commerce, State and the White House Office of Science and Technology Policy - counter that encryption is integral to protecting U.S. secrets and the technology industry. The issue has been discussed in meetings of the interagency National Security Council and elsewhere. Some government officials also worry that confronting the tech sector on the issue could heighten distrust of American products overseas and drive terrorists and top criminals to seek foreign-made encryption. Several key officials in the National Security Agency and the Department of Homeland Security opposed the fight with Apple based on those concerns, the sources said. Luke Dembosky - until recently the deputy assistant attorney general for national security and the senior cybersecurity prosecutor on some of the biggest hacking cases in recent years - cast the broader disagreements over encryption as "very healthy." More»
Amwal Al Ghad English - 2016-03-06 08:26:42
Amazon.com Inc (AMZN.O) said it plans to restore an encryption feature on its Fire tablets after customers and privacy advocates criticized the company for quietly removing the security option when it released its latest operating system. “We will return the option for full-disk encryption with a Fire OS update coming this spring,” company spokeswoman Robin Handaly told Reuters via email on Saturday. Amazon's decision to drop encryption from the Fire operating system came to light late this week. The company said it had removed the feature in a version of its Fire OS that began shipping in the fall because few customers used it. On-device encryption scrambles data so that the device can be accessed only if the user enters the correct password. Well-known cryptologist Bruce Schneier called Amazon's removal of the feature "stupid" and was among many who publicly urged the company to restore it. Apple Inc's APPL.O legal battle over U.S. government demands that the iPhone maker help unlock an encrypted phone used by San Bernardino shooter Rizwan Farook has created unprecedented attention on encryption. Amazon.com this week signed on to a court brief urging a federal judge to side with Apple. More»
Amwal Al Ghad English - 2016-03-05 11:57:58
Egyptian operator Mobinil is to announce in a press conference Tuesday its official rebranding to French parent company Orange. In the presence of Stéphane Richard – CEO and Chief Executive of Orange; and Yves Gauthier - CEO of Mobinil, the conference is to signal the official launch of the French parent company’s services and offers in Egypt. Last year, Orange tightened its control of Egyptian mobile phone operator Mobinil, with a € 209.6 million purchase of an additional 5 percent stake, as it continues to push into Africa. The French multinational telecommunications giant, had acquired its majority shareholding in Mobinil, one of the North African country’s largest mobile phone operators, by purchasing a stake used to be owned by Egyptian tycoon Naguib Sawiris’ Orascom Telecom Media and Technology (OTMT). Earlier, Mobinil’s logo was officially down from the company’s Smart Village headquarters last week as Orange continues to roll out its rebranding plans Saturday, killing off Egypt’s 18-year-old first mobile operator brand. The name change is part of a slow transition to Orange, which started last year when the global telecom giant acquired Mobinil. The first rebranding stage covered stores, billboards and now headquarters with TV and social media to follow. Egypt contributes 4 percent of Orange’s worldwide revenues, which reached €40 billion. Backed by a presence in 28 countries worldwide including 19 in the Middle East and African markets, Orange has 260 customers worldwide, 110 million of them in the Middle East region, and 33 million in Egypt. More»
Amwal Al Ghad English - 2016-03-05 11:51:41
Egypt’s Minister of Communications and Information Technology Yasser El-Kady is heading to Morocco to attend the Internet Corporation for Assigned Names and Numbers (ICANN)’s 55th Public Meeting, which will be taking place from 5-10 March 2016. El-Kady, who presides a delegation from the ministry of communication, will participate in a meeting organized by the world economic forum entitled “Future of the Internet Initiative on Monday 6 March. The meeting will tackle the world economic forum’s initiative which is related the future of the internet as well as the conversion of Africa into the digital economy. In the frame work of the meeting the minister would showcase Egypt’s vision on the obstacles that face Africa’s conversion to digital economy and how to use the IT tools to achieve that goal. More»
Amwal Al Ghad English - 2016-03-05 08:25:02
Some criminals have switched to new iPhones as their "device of choice" to commit wrongdoing due to strong encryption Apple Inc has placed on their products, three law enforcement groups said in a court filing. The groups told a judge overseeing Apple's battle with the U.S. Department of Justice on Thursday that, among other things, they were aware of "numerous instances" in which criminals who previously used so-called throwaway burner phones had switched to iPhones. They did not list a specific instance. The brief by the Federal Law Enforcement Officers Association and two others also cited a jailhouse phone call intercepted by New York authorities in 2015, in which an inmate called Apple's encrypted operating system a "gift from God." The government obtained a court order last month requiring Apple to write new software to disable passcode protection and allow access to an iPhone used by one of the shooters in the December killings in San Bernardino, California. Apple asked that the order be vacated, arguing such a move would set a dangerous precedent and threaten customer security. Tech industry leaders including Google, Facebook and Microsoft and more than two dozen other companies filed legal briefs on Thursday supporting Apple. The Justice Department received support from law enforcement groups and six relatives of San Bernardino victims. The law enforcement groups said in their brief that Apple's stance poses a grave threat to investigations across the country. The FBI says Rizwan Farook and his wife, Tashfeen Malik, were inspired by Islamist militants when they shot and killed 14 people on Dec. 2 at a holiday party. The couple later died in a shootout with police and the FBI said it wants to read the data on Farook's work phone to investigate any links with militant groups. In a filing on Thursday, the San Bernardino County District Attorney's Office said at least two 911 calls from the time of the shooting reported three assailants, not two. Even though those reports were "not corroborated," if in fact there were three attackers it would be important to crack open the iPhone "to identify as of yet unknown co-conspirators," the District Attorney's filing stated. Apple has said it respects the FBI and has cooperated by turning over data in its possession. The latest request is different, Apple says, because it requires them to crack a phone with a software tool that does not currently exist. More»
Amwal Al Ghad English - 2016-03-03 07:45:26
A senior Facebook Inc executive was released after nearly 24 hours in a Brazilian jail due to a disputed court order demanding data from the company's WhatsApp messaging service for a confidential drug-trafficking investigation. An appeals court judge handling the case in Sergipe state overturned a lower court decision to arrest Diego Dzodan, Facebook's vice president for Latin America, court officials said on Wednesday. Law enforcement officials withheld further information about the nature of their request to the messaging service acquired by Facebook in 2014, saying it could compromise an ongoing criminal investigation. "Diego's detention was an extreme, disproportionate measure, and we are pleased to see the court in Sergipe issue an injunction ordering his release," a Facebook spokesperson said in an emailed statement. The arrest came as technology companies face mounting pressure from governments around the world to help them eavesdrop on users. Apple Inc and U.S. law enforcement officials are in a standoff over unlocking the iPhone of a shooter in the San Bernardino, California, attacks. Court officials said the judge in Brazil resorted to the arrest after issuing a fine of 1 million reais ($250,000) to compel Facebook to help investigators get access to WhatsApp messages relevant to the confidential drug-trafficking investigation. The move is likely impossible because WhatsApp began using end-to-end encryption technology in 2014 that prevents the company from monitoring messages that travel across its network, according to Christopher Soghoian, principal technologist with the American Civil Liberties Union. More»
Amwal Al Ghad English - 2016-03-01 09:34:38
Yahoo Inc (YHOO.O) said it may have to write down the goodwill value of Tumblr, more than two years after the web pioneer spent $1.1 billion to buy the microblogging site. Yahoo said earlier in the month it took a $230 million impairment charge related to Tumblr and was considering strategic alternatives for its core internet business. "It is reasonably possible that changes in judgments ... could cause the company to consider some portion or all of the remaining goodwill of the Tumblr reporting unit to become impaired," Yahoo said in a regulatory filing on Monday. (bit.ly/1RgCpT2) The deal for Tumblr was then seen as a bold bet by Yahoo Chief Executive Marissa Mayer to revitalize the company by co-opting a Web property with strong visitor traffic but little revenue. (reut.rs/1pmbpLJ) Yahoo said on Friday it would take pretax charges of $64 million to $78 million, mostly in the first quarter of 2016, due to job cuts and other restructuring moves. Of the total, $40 million to $48 million would be for severance pay and related cash expenditures, the company said in a filing.(1.usa.gov/1OI6Vnd) Yahoo has said it would reduce workforce by 15 percent by the end of 2016 and close offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan. The company's shares closed up 1.3 percent at $31.79 on Monday and were largely unchanged in extended trading. More»
Amwal Al Ghad English - 2016-03-01 08:49:36
Apple Inc (AAPL.O) and the U.S. Federal Bureau of Investigation will make their cases before a congressional panel on Tuesday regarding a court order to force the technology company to give the FBI data from the iPhone belonging to one of the San Bernardino shooters. On Thursday, Apple filed a motion to vacate the court order, maintaining its stance that Apple Chief Executive Tim Cook said he would be willing to take all the way to the Supreme Court. Apple's general counsel, Bruce Sewell, will argue Tuesday that creating a tool to unlock the phone would weaken the security of hundreds of millions of Apple devices, according to Sewell's prepared remarks before the U.S. House of Representatives Judiciary Committee. "Hackers and cyber criminals could use this to wreak havoc on our privacy and personal safety," he said in those remarks. Sewell will testify directly after FBI Director James Comey, who told lawmakers last week that creating an unlocking technique would "unlikely to be a trailblazer" for setting a legal precedent and would not be useful for breaking into later generation Apple devices. Comey told a congressional panel on Thursday that the phone could have "locator services" that would help the agency fill in a gap in its knowledge of the route that Syed Rizwan Farook and Malik Tashfeen traveled as they fled police after their shooting rampage in December that killed 14 and wounded 22 in San Bernardino, California. "We've looked at every gas station camera, every intersection camera, we have the whole route, but we're missing 19 minutes before they were finally killed by law enforcement," Comey said. "The answer to that might be on the device." Manhattan District Attorney Cyrus Vance will also testify in support of the FBI, arguing that default device encryption "severely harms" criminal prosecutions at the state level, including in cases in his district involving at least 175 iPhones. Vance's office has drafted legislation it wants Congress to enact that would go beyond the single court case and require companies like Apple to ensure that their devices could be accessed in unencrypted form. "My colleagues from jurisdictions around the country have been running into the same road blocks in their efforts to investigate and prosecute serious crimes," Vance said in prepared remarks. The U.S. Justice Department has sought court orders to force Apple to extract data from 15 devices in the past four months, beginning with a case in Brooklyn in which Apple declined to cooperate with investigators in October. More»
Amwal Al Ghad English - 2016-02-29 15:29:02
The Information Technology Industry Development Agency (ITIDA), the IT arm of the Egyptian Ministry of Communications, is considering launch of representation offices abroad designated to promote Egyptian technological products. Ehab Mostafa – Vice President of ITIDA – said ITIDA studies opening two representation offices in the Arab Gulf and Asia, in cooperation with the Chamber of Information Technology and Communications (CIT) and local IT companies. More»
Nayera Eid - 2016-02-27 15:44:05
Egypt is likely to name former market regulator chief Ashraf El-Sharkawy as the new telecom watchdog executive director next March, senior sources from Ministry of Communications told Amwal Al Ghad Thursday. Earlier in July 2015, Egyptian Ministry of Communications decided to appoint Mustafa Abdul Wahid as Acting Executive President of the National Telecommunications Regulatory Authority (NTRA), succeeding Hesham El Alaily, who served as NTRA official for two years. Ashraf El-Sharkawy has more than 30 years of academic and professional experience in the field of investment, accounting and finance. He enjoys an extensive knowledge of all banking and nonbanking financial instruments and regulations, including capital markets, mortgage finance, insurance, financial leasing, securitization and factoring. In his capacity as the chairman of the Egyptian Financial Supervisory Authority (EFSA), Deputy Chairman of EFSA and as a Senior Advisor for the chairman of the Egyptian Capital market Authority for more than six years, El-Sharkawy contributed in preparing all regulations for nonbanking financial activities. El-Sharkawy had been a board member and financial advisor for many large industrial and investment corporations. He also served as a member in the Board of the Central Bank of Egypt (CBE), head of the audit committee of CBE, Member of the Monetary Policy Committee, member of the Board of trustees of the Egyptian Money Laundering Combating Unit, chairman of the board of the Egyptian Financial Services Institute, Chairman of the Board of Trustees of the Egyptian Institute of Directors,  and the Egyptian Corporate Social Responsibility Centre, Member of the board in the Investor Protection Fund, and board member in the real estate mortgage guarantee fund. He was the founder and the first Executive Chairman of the Egyptian Audit Oversight Board, and shared in preparing all regulations for Egypt Audit Oversight Board. More»