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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 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»
Nayera Eid - 2013-11-25 12:32:01
Fawry Electronic Bill service is planning to expand abroad Egypt through launching e-payments services in other countries. Eng. Ashraf Sabry, CEO of Fawry revealed that the most nominated countries for expanding are Gulf countries, noting that Saudi Arabia, Qatar, UAE are considered to be the largest states nominating to build new network for Fawry. Sabry has informed Amwal Al Ghad that the board of directors of Fawry approved to expand in Gulf countries as a first phase out of the Egyptian market , asserting that delaying the expansion in the African countries is due to the weakness of infrastructure. He stated that the volume of transactions and e-payments reached around EGP330 million monthly via Fawry’s network during the first half of this year. More»
Amwal Al Ghad English - 2013-11-25 08:24:57
Orange SA (ORA), France’s biggest phone company, is nearing an agreement to sell its Dominican Republic unit to Altice, a cable and telecommunications investor, according to three people familiar with the matter. An accord could be announced as soon as this week, said the people, who asked not to be identified because the talks are private. Orange Chief Executive Officer Stephane Richard said on Nov. 22 it’s near selling the unit for “a price well above 1 billion euros” ($1.35 billion), without disclosing the buyer.Orange put its Dominican Republic business up for sale this year and has said it attracted multiple bids. Altice, which was founded by telecommunications entrepreneur Patrick Drahi and is based in Luxembourg, last month agreed to purchase Tricom SA and Global Interlink Ltd. to expand its television, Internet and telephone packages -- known as triple play -- and wireless business in the Caribbean. European telecommunications companies are disposing of peripheral assets as they increase investments in high-speed mobile networks in their largest markets and cut debt. Last week, Deutsche Telekom AG agreed to sell a 70 percent stake in its Scout24 Holding digital-classifieds business. More»
Amwal Al Ghad English - 2013-11-25 07:52:18
Apple Inc. (AAPL) agreed to acquire PrimeSense Ltd., the maker of motion-tracking chip technology that was used in Microsoft Corp.’s Kinect game console. Kristin Huguet, a spokeswoman for Apple, confirmed the purchase yesterday in a telephone interview. Apple, maker of the iPhone and iPad, and Tel Aviv-based PrimeSense were negotiating a deal for about $350 million, one person familiar with the deal said last week. “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” Huguet said. The deal fits Cupertino, California-based Apple’s pattern of buying less well-known companies whose capabilities are folded into future products. PrimeSense’s technology gives digital devices the ability to detect movements and objects, and then translates that into depth and color. Apple, the world’s largest technology company, hasn’t used much of its $146.8 billion in cash and investments for big acquisitions. More»
Amwal Al Ghad English - 2013-11-24 10:11:40
Etisalat has told Pakistan it will not the pay the $800 million it owes the government from buying a stake in the country's state telecom operator until a property dispute is entirely resolved, two senior finance ministry sources said. The money owed, which dates back to last decade, would provide vital funds for Pakistan's cash-strapped government, but Etisalat will not pay up until affiliate Pakistan Telecommunication Co Ltd (PTCL) receives ownership of the final 10 properties out of about 3,000 it is due, the sources, speaking on condition of anonymity, told Reuters. Etisalat, the United Arab Emirates' top telecom company, did not respond to requests for comment. PTCL's chief executive Walid Irshaid could not be reached for comment. An Etisalat consortium bought a 26-percent stake in PTCL for $2.6 billion in 2005 that also gave Etisalat majority voting rights. More»
Nayera Eid - 2013-11-23 14:36:45
Eng. Atef Helmy, the Egyptian Telecom Minister denied any dispute between the Ministry and Telecom Egypt (TE)(ETAL.CA) regarding the last exit of TE from Vodafone Egypt shares which valued at 45% after the acquisition of the fully integrated  operator license. Helmy asserted that 80-90% from the outstanding problems between TE and the three mobile phone operators have been solved. Helmy has informed Amwal Al Ghad that the exit from Vodafone Egypt is necessary, stressing that the Ministry is reviewing with TE and Vodafone the best scenarios in order to exit from Vodafone which owns 45%  of its shares. He confirmed that the exit of TE’s from Vodafone will be once it is awarded a mobile operator license in accordance with the competition laws. TE asserted previously that it did not receive any notifications from competent authorities about the obligation to exit its outstanding investment in Vodafone Egypt after the acquisition of the fully integrated telecom operator license. The company said in a filing that there is no legal basis for such an obligation. More»