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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        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Canal Shipping Agencies   7.39        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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 - 2013-11-28 09:21:07
Telecom Italia SpA (TIT) is working with Morgan Stanley to sound out interest in its mobile-phone towers in Brazil from potential bidders such as American Tower Corp. (AMT), according to people familiar with the matter. Telecom Italia, which has about 7,000 towers in Brazil through its Tim (TIMP3) Participacoes SA unit, is also analyzing internally how to sell its about 12,000 wireless towers in Italy, the people said, asking not to be identified because the deliberations are private. The Brazilian assets could raise about 700 million euros ($951 million), one of the people said.Ei Towers SpA (EIT), controlled by former Italian Premier Silvio Berlusconi’s Mediaset SpA; F2i SGR SpA, led by former Telecom Italia executive Vito Gamberale; and Spain’s Abertis Infraestructuras SA (ABE) are among potential bidders for the Italian towers, according to the people. The towers could be worth 500 million euros to 1 billion euros, Bloomberg reported in September.Chief Executive Officer Marco Patuano has been pushing to trim Milan-based Telecom Italia’s debt, which was cut to junk by Moody’s Investors Service and Standard & Poor’s after he took over last month. He told Bloomberg News last week that the company can return to investment-grade within three years by reviving its domestic business and cutting its $38 billion in net debt -- more than double its market value. Officials at Telecom Italia and Morgan Stanley (MS) declined to comment on the towers’ sale. Representatives for Ei Towers, F2i Fund, Abertis and American Tower also declined to comment on their potential interest. More»
Nayera Eid - 2013-11-28 09:01:42
An official report issued by the Egyptian Telecom Ministry revealed that the capitals of the companies operating in ICT sector boosted up EGP46.557 billion in April 2013 , against EGP 45.530 billion April 2012, move up by 1.36% growth rate. The report added that the number of companies operating in ICT sector reached 5490  at the end of August 2013, registering 12.7%  annual growth rate value in compared to the last year. He pointed out that the number of mobile phone users declined by 0.15%, recording 96.7 million at the end of August 2013, compared 96.9 million during July, registering 2.97% annually record. The report said the number of internet users reached 37.2 million with 3.9% monthly growth rate. The report explained that the number of internet users via mobile phone reached 14.23 million, recording 7.8% monthly growth, whereas the number of USB modem subscribers  are 3.6 million, with 8.5% monthly growth rate and 11.6% annually growth rate. The report asserted that the number of fixed phone subscribers are 6.8 million with 3.5% annually decline, pointing out that the fixed line penetration rate of 8.3% with20.6% annual retreat. More»
Amwal Al Ghad English - 2013-11-27 12:59:02
Egyptian Telecom Minister, Atef Helmy has welcomed Tuula Yrjölä  Finland Ambassador in Cairo , through the meeting they reviewed boosting the cooperation and partnerships in order to attract more investments in the ICT sector and to activate the agreements which signed between the two countries. They discussed the importance of the cooperation for trade, investment and ICT sectors. John Frank, the chief of investment and trade at Finnish Embassy and Ms. Nermine El Saadany, Director of International Relations at ICT Ministry have attended the meeting. Yrjölä asserted during the meeting her country’s desire to boost the cooperation with Egypt, noting that ICT sector is one of the most key sector, asserting that Nokia Group Finland is desiring to expand its business in Egypt. Eng. Atef Helmy stated that this cooperation will fix Egypt’s confidence in implementing its roadmap that will achieve stability and economic growth rates within the next period. The Minister emphasized that Egypt is keen on enhancing the cooperation in order to provide job opportunities and the national income of the country. More»
Amwal Al Ghad English - 2013-11-27 10:49:26
The Minister of State of Administration Development, Hany Mahmoud and Civil Aviation Minister Abdel Aziz Fadel have signed joint cooperation protocol in order to develop a Center for Citizen Services and to develop and modernize the integrated information systems at the Ministry of Aviation. The Ministry said the cooperation protocol between the two ministries including the continuation of developing a center for citizen services which affiliated to the Ministry so as to lower the required time to obtain services by simplifying procedures and re-engineering courses for each service. The Ministry added that it is currently working to allow services through several channels such as internet, mobile phone, call centers which help to reduce overcrowding and facilitation center for citizens and businesses. More»
Amwal Al Ghad English - 2013-11-27 09:09:08
Hewlett-Packard Co. (HPQ) reported fiscal fourth-quarter revenue and profit that topped analysts’ estimates, boosted by corporate demand for servers, personal computers and networking equipment. The shares jumped in extended trading after the company said in a statement today that revenue for the period ended Oct. 31 was $29.1 billion. That exceeded the $27.8 billion average estimate of analysts, according to data compiled by Bloomberg. Profit excluding some items was $1.01 a share, compared with the $1 average estimate.Chief Executive Officer Meg Whitman, in her third year at the helm, is cutting costs and rebuilding relationships with customers and resellers to move past a period when the company churned through three CEOs and lost share in many of its key markets. Business demand for PCs has helped offset a global slump, while Whitman renewed product development in areas including printers and computer servers. “The enterprise PC market seems to be stabilizing and Meg’s made progress,” Jayson Noland, an analyst at Robert W. Baird & Co. who has the equivalent of a hold rating on the stock, said in an interview. “She’s picked morale up from a low point under Leo,” he said, referring to former CEO Leo Apotheker, who was ousted in 2011 in favor of Whitman. The shares of the Palo Alto, California-based company rose as much as 8.3 percent in extended trading to $27.17 after closing down less than 1 percent at $25.09 in New York. More»
Amwal Al Ghad English - 2013-11-27 09:13:24
Hewlett-Packard Co beat revenue forecasts as sales growth in its enterprise group inspired cautious optimism about the company's turnaround plan, and its shares rallied more than 7 percent. Revenue from the sprawling enterprise group, which Chief Executive Meg Whitman is focused on expanding as personal computer sales crumble globally, climbed 2 percent, aided by a 10 percent rise in server sales and 3 percent growth of the networking business. Wall Street had low expectations for HP following a disappointing third-quarter performance, and after rivals such as International Business Machines Corp and Cisco Systems Inc had reported poor results. The pickup in enterprise hardware revenue in the fiscal fourth quarter - coming after a 9 percent slide in sales from the same division in the previous three months - helped shore up confidence in Whitman's turnaround effort. "I saw better-than-expected performance out of the enterprise group, which we expected to be weak given the results from peers such as IBM and Cisco," said Edward Jones technology analyst Bill Kreher. "There is some hope, given that the company was able to jump over what was admittedly a pretty low hurdle." More»
Amwal Al Ghad English - 2013-11-26 11:37:38
Egypt’s Landline monopoly Telecom Egypt - TE (ETEL.CA) said on Tuesday it is still in talks with Chinese firms to extend a submarine internet cable links between Europe and China through Egypt. It added that no accord reached so far. Telecom Egypt further noted that the estimated revenues of the submarine cables are likely to grow by 25% by the end of the current year. The fixed line operator, which is 80% state owned, had posted EGP 2.4 billion ($349 million) net profit for the first nine months of FY13, with 11% rise compared with the same period a year earlier. More»
Amwal Al Ghad English - 2013-11-26 07:45:48
The rivalry between the UAE's two mobile operators was laid bare on Monday. It came after the country's telecoms watchdog said Etisalat breached its rules by blocking a number set up by du to lure away its customers. The Telecommunications Regulatory Authority (TRA) has "issued a violation decision against Etisalat" after the country's biggest telecoms firm failed to respond to the regulator's request to lift a block on a 'short code' number used by du for an SMS offer. Last week du launched a media campaign aimed at encouraging Etisalat customers to "indicate their interest in shifting to du" when UAE mobile customers are next month finally given the option of keeping their old number after changing operators. The campaign invited customers to send an SMS to the number 3553, after which they would receive a message from du with details of how to change. However, the regulator said: "It came to the TRA's attention that the short code 3553 had been blocked by Etisalat." More»
Amwal Al Ghad English - 2013-11-25 14:25:34
Eng. Atef Helmy, Egyptian Telecom Minister participated in ‘Rise Up Egypt’ conference which hosted by Egypt over two days in the period from 24th-25th of November in the American University in Cairo. The Minister added in a keynote speech at the conference that the Ministry has four programs which will be applied in the universities as the ministry is supporting the concept of venture capital investment funds, asserting that it has been invested around EGP30 million for the emerging companies (SMEs) till now. The Ministry also supported more than 40 emerging companies in Smart Village, adding that the Minister is about to implement short-term plan so as to cope with the  challenges which hinder the implementation of its plan in order to attain growth rates for the sector. More»
Abd Elhaleem Elgendy & Abdel-Hamid Sabry - 2013-11-25 13:40:58
Telecom Egypt (TE)(ETAL-CA) has signed new agreement with the National Bank of Egypt (NBE) in order to update the information network which affiliated to the bank through using developed network based on fiber-optic technology with total value up EGP90 million against obtaining the service for 5 years. This agreement will give the bank the possibility of upgrading the service to the high speeds of up to 10 GB / s. Throughout this contract, TE has provided next-generation services of fiber-optic technology communicating network with distinct prices without bearing high-costs capital investments, so NBE will be enabled to obtain integrated package as the best internet and telecom services with low-costs covering all the branches and locations. Hisham Okasha, Chairman of NBE explained that the Board of Directors interested in providing telecom services in the light of the development and reforms since 2008. More»