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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        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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 - 2015-01-27 10:52:00
Microsoft Corp on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong U.S. dollar. Shares of the world's largest software company, which have surged to 14 year highs in the past few months, fell 3 percent in after-hours trading, to $45.63. "While currency is a headwind for Microsoft and other large international companies, we would characterize the headline numbers as good enough, although some bulls may have been hoping for a bigger beat," said Daniel Ives, an analyst at FBR Capital Markets. Microsoft's flagship Windows business has been under pressure for three years as PC sales have declined, although the market appears to be stabilizing in recent months. Currency shifts against the strong U.S. dollar also crimped profit in the fiscal second quarter, ended Dec. 31, although Microsoft did not specify by how much. Microsoft gets almost three-quarters of its revenue from overseas, but a significant amount of that is still in U.S. dollars. "Overall, the only surprise I think was in commercial licensing, where we had a little bit of a headwind from foreign exchange as well as macro conditions in China and Japan," the company's chief financial officer, Amy Hood, said in a phone interview with Reuters. Commercial licensing is chiefly sales of Windows and Office to business customers, which is Microsoft's biggest revenue generator. Microsoft reported profit of $5.86 billion, or 71 cents per share for the latest quarter, compared with $6.56 billion, or 78 cents per share, in the year-ago quarter. Sales rose 8 percent to $26.47 billion, largely due to the acquisition of Nokia's phone handset business last year. Analysts had expected revenue of $26.3 billion and earnings of 71 cents per share, on average, including some restructuring costs. More»
Amwal Al Ghad English - 2015-01-27 10:43:30
Huawei Technologies Co. said revenue from its consumer business, which consists mostly of mobile phones, rose 30% to $12.2 billion last year, thanks in part to its efforts to sell more smartphones in higher price ranges. The results, announced Tuesday, are in line with what a Huawei executive said in a letter to staff in late December. In that letter, Richard Yu, head of Huawei's consumer business, said Huawei's 2014 handset revenue grew about 30% to more than $11.8 billion. Huawei, one of the world's largest suppliers of networking equipment used by telecommunications carriers, is also increasing its presence in the global smartphone market. More»
Amwal Al Ghad English - 2015-01-27 10:37:18
Sweden's Ericsson AB on Tuesday reported a weaker-than-expected net profit for the fourth quarter, hurt by a slowdown in spending by network operators in North America. However, the telecom-equipment maker said weaker sales in the lucrative North American market were partly offset by a better performance in the Middle East, Europe and Asia. Ericsson reported net profit of 4.22 billion Swedish kronor ($508 million), or 1.29 kronor a share, for the fourth quarter, below analysts' forecast of a median 4.56 billion kronor, or 1.39 kronor a share. In the same period last year Ericsson's reported a net profit of 6.41 billion kronor, boosted by a one-time gain of 3.3 billion kronor from a licensing agreement with Samsung Electronics Co. Net sales in the October-to-December quarter came in at 67.99 billion kronor, up 1% from 67.03 billion kronor in the same period last year. More»
Amwal Al Ghad English - 2015-01-27 08:27:20
Social networking site Facebook suffered from a widespread outage on Tuesday, before coming back online. Millions of users were unable to access their accounts. Users in some countries also had difficulties accessing photo-sharing app Instagram. More»
Wael Al Tokhy - 2015-01-25 14:53:06
Egypt’s Nile Information Technology and Dissemination (NileIT) is on the process of upgrading the technological structure of the Sudanese stock market. According to NileIT’s general manager Mohammed Omar, the Egyptian company is currently conducting studies on the technical system of Khartoum Stock Exchange ahead of starting the structural upgrading process. Omar further stated that NileIT’s partnership with Khartoum Stock Exchange is as part of NileIT’s plan to expand into the African markets in accordance with Information Technology Industry Development Agency (ITIDA)’s strategy. ITIDA’s strategy is based on signing various agreements with all the African states in the coming years. NileIT is specialized in the area of financial applications, digital signature, security and compliance as well as providing SWIFT managed services. It represents an array of financial applications for the capital market, financial institutions, corporates and government. The company has been established by MCDR, the national Clearing, Settlement & Depository of Egypt, National Bank of Egypt and other investors. More»
Wael Al Toukhy - 2015-01-24 14:32:32
In 2014, the number of cloud computing laboratories and data analysis centres in Egypt has increased to 13, said EMC Corporation official. According to Mohammed Al-Amin - EMC Corporation’s Senior Vice President and Regional Manager for Turkey, Eastern Europe, Africa and the MENA Region, EMC in Egypt is planning to double this number by end of the current year. In recent statements to Amwal Al Ghad, Al-Amin said the company’s plans to expand its businesses into the African market in the coming period by spreading its services there in addition to signing a number of agreements with counterparts in Africa. He also assured that Egypt comes in the second place in EMC’s investment agenda directly after Europe and the first in the Middle East and North Africa region. ” We depend on Egypt to support our volume of businesses globally besides spreading the company’s services.” Al-Amin noted. Al-Amin referred to the company’s keenness to develop its service system in Egypt in the upcoming period, which includes notably the services of technical support, project management, pre-sale, logistics employment, designing solutions, and consulting. EMC Corporation (stylized as EMC²) is an American multinational corporation headquartered in Hopkinton, Massachusetts, United States. EMC offers data storage, information security, virtualization, analytics, cloud computing and other products and services that enable businesses to store, manage, protect, and analyze data. EMC's target markets include large companies and small- and medium-sized businesses across various vertical markets. More»
Amwal Al Ghad English - 2015-01-24 08:01:51
Sony Corp said it was delaying the official submission of its third-quarter results due to the massive cyberattack on Sony Pictures Entertainment, which debilitated network systems at the Hollywood studio. Sony said it will still hold a news conference on Feb. 4, the originally scheduled date of its results announcement, to give updated financial forecasts for the quarter. But the company said most financial and accounting applications at Sony Pictures will not be working until early February, and that it has asked financial regulators to extend the filing of its report to March 31 from Feb. 16. More»
Wael Al Tokhy - 2015-01-22 13:40:16
Egyptian Ministry of Communications and Information Technology will show more support for the country’s micro and small companies within this year, minister Atef Helmy said on Thursday. Helmy added that the ministry is working on providing assistance and encouragement for those companies besides the activation of the Develop Local Demand Programme. The micro and small companies play a pivotal role in the development and growth of the Egyptian communications and IT sector, the minister noted. Moreover, Helmy said the ministry aims to satisfy the needs of local and regional market of tech-products that represent the main core of industries through conducting market researches which show the categories of possible clients. More»
Amwal Al Ghad English - 2015-01-21 08:52:47
Samsung Electronics Co Ltd (005930.KS) will not use Qualcomm Inc's (QCOM.O) processors for the next version of the South Korean technology giant's flagship Galaxy S smartphone, Bloomberg reported on Wednesday, citing unidentified sources. Such an outcome would be a blow for Qualcomm's prospects for 2015, with the company already having guided for weaker-than-usual annual revenue growth in a five-year outlook issued in November. Samsung, the world's No.1 smartphone maker, has been one of the U.S. company's top customers. Qualcomm's new Snapdragon 810 chip overheated during Samsung's testing, Bloomberg reported. The South Korean company will use its own processors instead, Bloomberg said. A Qualcomm spokesman declined to comment on the report. A Samsung spokeswoman said the company does not comment on rumours. Analysts have said the Snapdragon 810 chip has been dealing with a variety of performance issues that may not be corrected in time for the launch of Samsung's next Galaxy S smartphone. The South Korean firm is widely expected to unveil the device on the sidelines of the Mobile World Congress trade show in early March. Samsung will need to ensure that the phone does not disappoint in order to keep its global market share from slipping further, analysts said. More»
Amwal Al Ghad English - 2015-01-20 07:50:17
South Korean tech giant Samsung Electronics Co Ltd is considering a stock split, a company executive said on Tuesday, as sliding profits put pressure on the firm to keep investors happy. Samsung head of investor relations Robert Yi told reporters the company had been considering a stock split for some time but it was too early to make a decision. A split would make Samsung shares easier to buy and could attract more retail investors. "We acknowledge the sentimental effect of a stock split, but how big an effect such an action can have on the company's long-term value needs to be considered from a variety of angles," Yi said without offering specifics. South Korean stocks tend to trade at a discount to those elsewhere due to weaker corporate governance, complicated cross-share holdings and low dividends. The world's top smartphone maker has launched a $2 billion share buy-back program and promised to increase its 2014 year-end dividend by up to 50 percent in a bid to lift its share price and placate investors. Samsung shares remain well off last year's peak of 1.495 million won ($1,380) after a string of quarterly profit declines, though the buy-back and planned dividend increase has helped them recover from multi-year lows. More»