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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        


Investment - Tech news

Amwal Al Ghad English - 2015-07-30 09:34:59
Mobinil, one of Egypt’s three mobile operators, recorded a decline in the amount of consolidated losses for the period ending 30 June 2015, representing the first half (H1) of the current year. This marks a 73.6% decrease compared to 2014. By the end of June 2015, losses amounted to EGP 91.1m ($11.7m) compared to the EGP 344.4m ($44m) registered losses by the end of the same period last year. Meanwhile, the company’s revenues in the same period ending June 2015 reached approximately EGP 5.6bn, rising from the EGP 5.4 bn registered during the same period in the preceding year. Standalone financial indicators for H1 of 2015 show that losses shrunk by 90.6%, reaching EGP 30m, instead of the EGP 336m that were registered the year before. “Mobinil achieves strong profits, and operation costs are increasing at good rates. But debt interest paid by the company continuously diminishes these profits so that the company registers losses in the end,” Mobinil CEO Yves Gauthier had previously told Daily News Egypt. More»
Nayera Eid - 2015-07-29 11:13:01
Samsung- Egypt to release the first Tizen-powered smartphone in the Egyptian markets at the beginning of 2016, IT and Mobile Product Manger Raafat Khalil said Tuesday. Khalil added that Samsung has released Tizen smartphone in the Indian markets which are similar to the Egyptian ones. More»
Amwal Al Ghad English - 2015-07-29 10:06:11
Twitter Inc's shares fell more than 11 percent in extended trade on Tuesday after the microblogging company said its number of monthly average users grew at the slowest pace since it went public in 2013. "This is unacceptable and we're not happy about it," Jack Dorsey, who stepped in as interim chief executive on July 1, said on a call with analysts. Twitter said it had 304 million core users in the second quarter, up from 302 million in the prior quarter. Twitter's struggles to increase its audience worries investors, who are focused on the company's growth potential, and the latest figures did little to reassure them. More»
Amwal Al Ghad English - 2015-07-29 09:26:06
E-Finance plans to finalise a project for the mechanisation of public employees’ salaries by the end of October, in cooperation with the Ministry of Finance and a number of public and private banks. Ahmed Yaqoob, Payment Advisers and Collection Sector Manager at E-Finance, said that issuing cards for public employees goes through three main stages. The first phase is uploading employees’ data by the computational units of the localities in various governorates. The second phase is to issue cards through banks, while the third phase is to activate these cards once employees receive them from banks through the customer service centres at the company or the banks. Yaqoob affirmed that more than 4.5 million employees’ data was uploaded through localities in governorates of Egypt. Banks issued 4m smart cards so far, of which 2m cards were activated, and the rest will be activated in the upcoming period. These cards were distributed to computational units to be delivered to employees according to their area. More»
Amwal Al Ghad English - 2015-07-28 11:11:22
Orange SA said Tuesday first-half sales and Ebitda fell less than analysts expected while net profit increased, amid the French telecom operator's attempts to revive profitability after years of decline. First-half earnings before taxes, depreciation and amortization fell slightly to EUR5.81 billion ($6.44 billion) against analysts' expectations of EUR5.78 billion. Excluding exceptional items, Ebitda was flat compared with the same period last year. Orange said sales declined 0.6% to EUR19.56 billion in the first half, topping analysts' expectations of EUR19.39 billion. Sales in France--its largest market--were down 1.3% on a comparable basis. Net income for the period was EUR1.27 billion, up 75% due to the sale of its stake in the EE joint venture in the U.K. and a decrease in corporate income tax. Along with its rivals, Orange in France has been hurt by a mobile-service price war sparked by the arrival of a new competitor, Iliad SA, although the situation has improved in recent months as prices stabilized. Outside France, the group has been busy reviewing its portfolio of assets and is in exclusive talks to buy four Airtel subsidiaries in Africa, pushing further into a region the company has looked to for growth in recent years. "We are particularly pleased with these results which mark a return to revenue growth in the second quarter, excluding regulation, for the first time since 2011," Orange Chairman and CEO Stephane Richard said. The company reiterated its full year guidance of achieving Ebitda between EUR11.9 billion and EUR12.1 billion. More»
Amwal Al Ghad English - 2015-07-27 10:26:00
Facebook Inc is planning to scale up its service to offer free basic Internet on mobile phones, an executive said, after introducing the application in 17 developing countries over the past year. In a blog post released to mark the first year of the initiative, Facebook said it will open a portal allowing any mobile operator to offer the service under its Internet.org platform. Facebook currently partners with specific operators to launch the service in different countries. Internet.org has brought over 9 million people online over the past year, Chris Daniels, vice president of product for Internet.org, told Reuters on Monday. Facebook developed the platform with six technology partners to bring an estimated 4.5 billion unconnected people online, mainly in Latin America, Asia and Africa. It offers pared-down web services for free to users, along with access to Facebook's own social network and messaging services. Facebook's blog post said that over the past year, the service had bought new users onto mobile networks on average over 50 percent faster and that more than half the people using Internet.org are paying for data to access the wider Internet within 30 days. "This is really a customer acquisition tool for mobile operators where the benefit to them of offering a very light amount of free data is to bring on more paying subscribers to their networks," Daniels said, speaking over phone from Nairobi, where he is attending a summit. Facebook was not paying for any of the data being used to access the service, he said. The Internet.org application, launched in India in February in partnership with Reliance Communications, faced backlash with a number of leading technology and Internet firms pulling out of the service after activists claimed it violated the principles of a neutral Internet. "I would say India is unique in that respect and very much an outlier. In other markets, Internet.org has been embraced as a pro-connectivity initiative that has garnered a lot of support," Daniels said. A committee of the telecoms ministry set up to examine the issue of net neutrality earlier this month recommended that collaborations between mobile operators and content providers that enable "gatekeeping" roles should be discouraged. More»
Amwal Al Ghad English - 2015-07-23 08:56:26
Chipmaker Qualcomm Inc (QCOM.O) said it may break itself up as it delivered its third profit warning this year and announced plans to slash jobs and spending in the face of rising competition. The company said it would reduce costs by about $1.4 billion, cut about 4,500 full-time staff, or 15 percent of its workforce, and boost capital returns to shareholders. Qualcomm shares fell 1.8 percent to $63.05 in after-market trading on Wednesday. The stock has lost a fifth of its value in a year. More»
Amwal Al Ghad English - 2015-07-22 13:40:58
Chinese tech giant Huawei on Wednesday said its global smartphone sales jumped by 39% in the first half of the year. It comes after the world's fourth-biggest smartphone maker posted a 30% growth in overall revenue on Monday. Huawei said it shipped 48.2 million devices globally in the first half of 2015, giving them a 87% surge in handset sales revenues The company is competing with Apple and Xiaomi for the top spot in China, the world's biggest handset market. The boost in sales figures comes after the firm said it would shed its low-cost appeal and include high-margin premium models to challenge Samsung and Apple at the top-end of the market. Huawei said that shipments for the mid-to-high-end category recorded a year-on-year increase of 70%. More»
Wael Al Toukhy - 2015-07-21 11:19:08
Valeo Egypt, outsourcing and software supporter, has added four new states to its clients portfolio: USA, China, India and Japan, Valeo Inter-Branch Automotive Software's General Manager Wael Abou El Maaty said Tuesday.The official added that firm's portfolio included Italy, German, France and Ireland. More»
Amwal Al Ghad English - 2015-07-21 10:22:07
Raya Holding for Technology & Telecommunications to sell its equity in e-bill payment firm Fawry with 174.24 million Egyptian pounds (US$22.2 million ), the firm announced in a bourse filing Tuesday. Raya's board of directors decided to divest company's stake, estimated at 2.51 million shares, to BSI Netherlands BV, the statement said. More»