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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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 Engish - 2014-02-18 08:13:56
Hewlett-Packard Co's senior executives were aware of Autonomy Corp's accounting practices months before a whistle-blower flagged them, prompting HP to write down Autonomy, the Financial Times reported citing email records. Palo Alto, California-based HP has said it was a victim for having paid $11.1 billion to buy Autonomy in 2011. It took a writedown of $8.8 billion in November 2012, accusing Autonomy officials of accounting fraud. Autonomy's practice of selling hardware to clients at a loss had been documented by auditors and a report was provided to HP after it bought the British software maker, FT said. HP executives were included in communications about Autonomy's hardware sales before the whistle-blower brought the transactions to light, FT said, citing several emails. ( In an October 2011 email that Chief Executive Meg Whitman was copied on, Autonomy cited difficulties it was having in selling HP hardware, the newspaper reported. However, HP said that while it eventually learned about the hardware sales, it knew nothing of the accounting improprieties until the whistleblower came forward, FT said. Autonomy's former Chief Executive Mike Lynch and HP could not be immediately reached for comment by Reuters outside of regular business hours. More»
Amwal AL Ghad Engish - 2014-02-18 08:07:36
Sony Corp said it has sold 5.3 million Playstation 4 game consoles as of February 8, surpassing its full-year target ahead of its release in Japan next week. Sony had said that it hoped to sell 5 million units by the end of March after releasing the Playstation 4 on November 29 in the United States, Western Europe and Latin America and rolling it out across other Asian countries since then. The console will go on sale in Japan on February 22, the last country currently scheduled to handle the device. Microsoft Corp said in January that it had sold more than 3 million of its Xbox One console by the end of December after it was also released in late November. More»
Amwal Al Ghad English - 2014-02-17 14:27:49
H.E. Engineer Atef Helmy, Minister of Communications and Information Technology, accompanied by Medhat Khalil, Raya Holding Chairman and CEO, and Engineer Hazem Metwaly, Etisalat Chief Operations Officer, inaugurated Etisalat Egypt’s customer service center enabled by Raya Contact Center today in Maadi Contact Center Park. The inauguration comes in line with the strategic partnership between Etisalat Egypt and Raya Contact Center. This service expansion coincided with the inauguration of Raya Contact Center’s new facility in the International Maadi Contact Center Park.  Raya owns the leading contact center in the Middle East with more than 4, 000 seats that will be fully utilized by next year with an occupancy of 120%, creating 6, 000 job opportunities, of which 5, 000 are already employed. It is worth mentioning that Etisalat Egypt was launched in 2007 and was the first to introduce the third generation 3.5G to Egypt, which led to remarkable innovation in voice, digital and data services, as well as unprecedented speed. Etisalat also launched 3.75G which introduced higher speed facilitating video calls. One year ago, Etisalat Egypt assigned its customer service in Egypt to Raya Contact Center and has recently expanded its service to other countries. More»
Nayera Eid - 2014-02-17 13:42:04
The Egyptian Telecom Ministry is planning to launch 8 new buildings in Cairo Contact Centers Park in Maadi in order to provide 4500 direct job opportunities and 25 thousand indirect job opportunities within the current two years. Eng. Atef Helmy, Egyptian Telecom Minister asserted that the Ministry is working to finalize the eight building by financing from the Ministry, asserting that it was established Phase II of the new buildings in June 2013, in addition three new buildings that provide 20K direct and indirect job opportunities. Atef pointed out that the ministry is negotiating with UAE and Saudi Arabia investors to implement projects in Cairo Contact Centers after approving to invest in the region. He noted that Raya Holding co seeks to offer the project on the Supreme Authority for the partnership between the private and public sector which affiliated to the Finance Ministry to offer the project by PPP system. It is worth mentioning that Cairo Contact Centers Maadi-Park phase I was established in June 2010 and it located on an area of 75 feddan, this region was contributed in serving IT services abroad through the Egyptian and Global ICT firms specialized in outsourcing fields. More»
Amwal AL Ghad Engish - 2014-02-15 08:53:02
A flaw in recent versions of Internet Explorer was used to attack visitors to a website for U.S. military veterans, and also appears to have been used earlier against French aerospace industry employees, researchers said Friday. The flaw in Microsoft Corp's IE 10 Web browser was reported on Thursday, days after it was used inside the Web page of nonprofit U.S. group Veterans of Foreign Wars. The VFW said Friday that an unspecified federal law enforcement agency is investigating and that the malicious code on its site had been removed. Security firm Websense Inc said it found similar attack code on a page set up on January 20 with a Web address nearly identical to one used by a French aerospace association. That suggests the attacks using the flaw have been going on for at least three weeks, but might have succeeded earlier against higher-value targets and escaped discovery, said Websense Director of Security Research Alexander Watson. FireEye Inc, which discovered the VFW attack, said it appeared connected to previous attacks against the Japanese financial sector, security firm Bit9 and others that Symantec Corp security researchers attributed to a large and well-organized group in China. More»
Amwal Al Ghad English - 2014-02-13 08:23:53
South Korea's LG Electronics unveiled a revamped version of its large-screen smartphone G Pro on Thursday, hoping it will help propel the company to the No. 3 spot in global smartphone sales this year. LG Electronics, currently ranked No. 4, is seeking to move past Huawei Technologies Co Ltd as well as Lenovo Group which recently agreed to buy Google Inc's Motorola handset division for $2.9 billion. The deal, if approved by regulators, would catapult Lenovo from No. 5 to No. 3 - a threat that LG Electronics executives shrugged off. "The Lenovo-Motorola deal has created a great media buzz, but this has not been much talked about within our company," Andy Kim, head of mobile product planning at LG Electronics, told a news conference. LG Electronic's G Pro 2 comes ahead of a rival offering from market leader Samsung Electronics later this month. Apple Inc is also widely expected to launch a new iPhone with a bigger screen this year. It boasts a 5.9-inch screen, bigger than the 5.5 inch screen of the previous model and one of the biggest on the market. It also has a 1-watt speaker system, a first for smartphones and will be powered by a Qualcomm Snapdragon 800 processor. More»
Amwal Al Ghad English - 2014-02-13 07:26:24
Private cloud storage company Dropbox Inc plans to name Google Inc GOOG.O executive Dennis Woodside, CEO of Motorola Mobility, as its first Chief Operating Officer. Jonathan Rosenberg, the former head of product management at Google, will be appointed as the Chief Operating Officer of Motorola Mobility with responsibility for day-to-day management, according to two sources familiar with the matter. Nikesh Arora, Google's Chief Business Officer, will remain Executive Chairman of the Motorola Operating Board, overseeing strategy, the sources said. Dropbox and Google declined to comment. Lenovo, which bought Motorola Mobility for $2.9 billion in January, said they were aware of Woodside's appointment, which was earlier reported by the Wall Street Journal. "We are aware of this change, but we are absolutely committed to this acquisition, and remain completely confident in the Google and Motorola leadership team," a Lenovo spokesman said in an email to Reuters. The deal is awaiting regulatory approvals, including from the Committee on Foreign Investments in the United States to ensure it does not threaten national security. (Full Story) Dropbox, the 6-year-old Silicon Valley startup many expect to go public sometime this year, is taking advantage of flush investors and skyrocketing valuations for fledgling tech companies. Dropbox secured $250 million from a fund managed by BlackRock Inc BLK.N and other investors last month in a new funding round that valued the company at almost $10 billion. More»
Amwal Al Ghad English - 2014-02-11 08:32:32
Shares of South Korea's Samsung Electronics extended their rebound on Tuesday, rising as much as 3 percent, as currency concerns subsided. "The recent set back in the yen's weakness against the dollar and the won has cleared much worries stemming from currency rates, highlighting the cheap valuation of Samsung Electronics shares following a sluggish January," said Park Kang-ho, a tech analyst at Daishin Securities. Shares of Samsung Electronics, the world's top smartphone maker, rose as much as 3 percent to 1.311 million Korean won ($1,200) on Tuesday, which marked their highest intraday levels in over two weeks. Samsung stocks were heading for a fourth consecutive day of gains. More»
Amwal Al Ghad English - 2014-02-11 08:10:00
Billionaire activist investor Carl Icahn has backed off from his campaign urging Apple Inc to increase its stock buybacks, citing the company's recent repurchases as well as an influential proxy adviser's call against his proposal. In a letter to Apple shareholders on Monday, Icahn wrote he was ditching his non-binding proposal to force Apple to add another $50 billion to its stock buyback plan, "especially when the company is already so close to fulfilling our requested repurchase target." Apple shares closed up 1.8 percent higher at $528.99 on Monday. For months Icahn had been asking Apple to boost its stock buyback program, proposing the iPhone maker repurchase another $50 billion. On Sunday, Institutional Shareholder Services Inc recommended shareholders vote against Icahn's nonbinding proposal, saying the motion would "micromanage" how the company uses capital. Proxy advisory firm Egan-Jones has also recommended voting against Icahn's plan, which was up for a vote at Apple's February 28 shareholders meeting. Apple Chief Executive Officer Tim Cook told The Wall Street Journal last week he wanted to be "aggressive" and "opportunistic" in buying back shares. He pointed out the company had repurchased $14 billion in stock in the two weeks since reporting financial results that disappointed Wall Street. More»
Amwal Al Ghad English - 2014-02-10 10:27:19
Telecom Egypt (ETEL.CA) today announced the signing of a settlement with El Swefy Law Firm, the legal representatives of the “B-Elephant” tanker ship, that damaged and cut two submarine cables; EIG and TE North last March. Under the terms of the agreement which has signaled the release of the “B-Elephant” tanker, the ship’s representatives will pay Telecom Egypt $12.535 million (USD) in a full and final settlement of all expenses related to repairs, spare parts and the cost of returning the two submarine cables to their original condition. Mohammed Elnawawy, Managing Director and Chief Executive Officer of Telecom Egypt said: “Telecom Egypt will never give up, nor compromise defending its rights and the rights of its partners in regard to the submarine cables. This includes ensuring the preservation of the company's investments and shareholders' equity. The company will continue to take all legal actions to protect the submarine cables crossing Egypt’s territorial waters. More»