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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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        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        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        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        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        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 - 2014-11-29 09:22:44
 Telecom Italia SpA (TIT) is considering Elisabetta Ripa for the post of Telecom Argentina SA chief, according to people with knowledge of the matter. Ripa, 49, currently leads Telecom Italia’s international wholesale and retail business arm and would replace Oscar Cicchetti as chief executive officer of the Argentine unit from January, the people said, asking not to be named as the deliberations aren’t public. The move would free Cicchetti, 63, to steer Telecom Italia’s wireless towers business in Italy for an initial public offering or sale, according to the people. A Telecom Italia representative declined to comment. A year ago, Telecom Italia unveiled plans to sell assets including wireless towers in Italy and Brazil to cut debt. Last week, Telecom Italia’s Brazil unit Tim Participacoes SA approved the sale of almost 6,500 mobile-phone towers in the country to American Tower Corp. for about 3 billion reais ($1.2 billion). More»
Amwal Al Ghad English - 2014-11-29 07:04:41
Vodafone (VOD.L) is reviewing potential acquisitions, including of Europe's leading cable operator Liberty Global (LBTYA.O), to counter the pending consolidation among rivals in Britain, five people close to the matter said. The internal deliberations at the world's second-biggest mobile operator, have picked up pace in recent days after broadband leader BT Group (BT.L) revealed it was in parallel talks to buy either EE or Telefonica's 02 (TEF.MC). If concluded, BT's foray into mobile is expected to tilt the market toward selling more all-included bundles of fixed and mobile services. That makes it more important for historically mobile-only companies such as Vodafone, EE, 02 and Hutchison's 3 to have their own fixed networks or be condemned to being simple resellers of BT's fiber. The attraction of Liberty, which is backed by U.S. billionaire John Malone, is its ownership of cable networks capable of carrying very high-speed broadband traffic to homes and business in nearly a dozen European countries. In Britain, Vodafone would get its hands on the broadband network of Liberty's Virgin Media, which covers around half of the country. That would bolster the broadband network Vodafone got in 2012 when it bought Cable & Wireless. More»
Wael Al Tokhy - 2014-11-27 13:19:11
The leading global ICT solutions provider, Huawei signed today a protocol on cooperation with Cairo University and the American University in Cairo (AUC), an official announced. According to Hakim Zhang - Huawei’s Vice President of Sales at Middle East and North Africa – the protocol aims to train around 2000 students in IT and cloud computing skills. Zhang has further referred that Huawei’s upcoming strategy in Egypt would be directed towards bolstering IT cooperation with the Egyptian government and private sector. Furthermore, Zhang stressed that the usage of cloud computing applications will be the key feature of Huawei’s strategy for the upcoming phase. Huawei Technologies Co. Ltd. is a Chinese multinational networking and telecommunications equipment and services company headquartered in Shenzhen, Guangdong. More»
Amwal Al Ghad English - 2014-11-27 09:13:08
Ericsson has been chosen by Mobinil (EMOB.CA) to enhance the Egyptian telecommunication company's network providing improved data services to its subscribers. Ericsson employees in Egypt and the Middle East region will provide professional services such as design and integration of the various nodes of the Packet Core as well as data migration services. The new five year agreement will bring enhanced connectivity to Mobinil's customers via Ericsson's Packet Core solution, a solution that provides a solid foundation for delivering mobile data services, according to the press release. An enhanced mobile broadband experience is an essential component of Ericsson's Networked Society vision, where every person and every industry is empowered to reach its full potential. In partnering with Ericsson, Mobinil will have the ability to empower its customers with the best in class solutions that will lead to an improved, faster mobile broadband connection across its Egypt network. More»
Amwal Al Ghad English - 2014-11-27 09:08:55
Samsung Electronics Co. said it would repurchase $2 billion worth of its shares, its first buyback in seven years, as it deploys a part of its hefty cash reserve to shore up its flagging share price. In a regulatory filing after the close of trading Wednesday, Samsung said it was returning the cash to improve shareholder returns and stabilize its stock price, which is down 12% so far this year. The buyback announcement comes after a number of high-profile stockholders and analysts have publicly called for improved shareholder returns. Samsung’s dividend yield, which measures a company’s annual dividend in relation to its share price, is around 1.2% — about half that of peers such as Intel Corp. INTC, +1.60% and Taiwan Semiconductor Manufacturing Co. 2330, +0.72% TSM, +1.18% The South Korean technology giant said that the buyback will include 1.65 million common shares, worth 1.96 trillion Korean won ($1.8 billion), and 250,000 nonvoting preferred shares, valued at 230 billion won, based on Tuesday’s closing price. Samsung shares 005930, +5.75% SSNLF, -1.91% finished the day up 0.9% at 1,201,000 won ($1,080), before the announcement. The buyback will take place over the next three months, but Samsung said it hasn’t decided whether to retire the repurchased shares or hold the stock in the company’s treasury. The company was also silent on the issue of its dividend. More»
Amwal Al Ghad English - 2014-11-26 08:52:22
Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units. Sales fell 2.5 percent in the fourth quarter to $28.41 billion, from $29.13 billion a year earlier, HP said on Tuesday. Analysts had expected $28.76 billion. Profit declined 2.7 percent to $2.01 billion, or $1.06 cents a share, compared with $1.01 cents a share a year ago, in line with analysts' expectations. On a more traditional accounting basis, profit declined 5.7 percent to $1.33 billion, or 70 cents a share, compared with 73 cents a share a year ago. "I've always said that turnarounds aren't linear," Chief Executive Meg Whitman told analysts on a conference call while highlighting HP's performance compared with three years ago, when she became CEO. "We're right where we thought we'd be." The enterprise group and enterprise services, areas that Whitman had previously flagged as growth drivers, showed revenue declines of 4 percent and 7 percent respectively. On the call, Whitman said she expected a slower decline in enterprise revenue next year. Enterprise services would be the biggest "swing factor" in the company's 2015 growth projections, she said. For next year, the company said it expects to earn $3.83 to $4.03 per share, up from $3.74 for 2014. The company's personal computer division, its largest and most mature, grew by 4 percent after a 12 percent jump in the prior quarter. Much of the growth in PCs was driven by a Microsoft Corp decision to quit supporting older software, a process that Whitman said was largely complete. The high-margin printer business shrank by 5 percent. The company said last month it would split into two listed companies next year, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan. "This separation was totally the right thing to do for this company," Whitman said Tuesday. "It is remarkable how it focuses the mind on overhead." HP shares fell 0.77 percent after closing up 0.35 percent at $37.63 on the New York Stock Exchange. More»
Amwal Al Ghad English - 2014-11-25 10:03:32
Sony Corp. on Tuesday predicted strong sales gains in its PlayStation4 and image sensor divisions, aiming to rebuild its troubled electronics arm around these businesses as the once promising smartphone unit joins the company's TV business in decline. At a meeting with investors in Tokyo, the company said sales in the videogame business, which includes PlayStation consoles and network services, would grow to a range of Yen1.4 trillion ($12 billion) and Yen1.6 trillion in the fiscal year ending March 31, 2018, up from Yen1.29 trillion in the current fiscal year. For its device segment, which includes the image sensors Sony supplies for Apple's iPhones, the company is hoping to record sales of between Yen1.3 trillion and Y1.5 trillion, up from Yen890 billion. Under chief executive Kazuo Hirai and a new chief financial officer, Kenichiro Yoshida, Sony has accelerated a restructuring under which it aims to rebuild around those businesses, along with its entertainment arm, which includes Hollywood studio operations and its music division. Other operations are expected to show little growth or even sales declines. The TV segment is expected to shrink slightly, to between Yen1 trillion and Yen1.1 trillion from Yen1.2 trillion. The camera business is expected to stay flat, in a range between Yen650 billion and Yen700 billion. Sony didn't disclose fiscal 2017 figures for the smartphone business, but executives said sales declines could be steep. The company previously cut its forecasts and wrote down the value of the unit, which has failed to compete with the likes of Apple and Samsung Electronics Co. at the high end of the market, and which has been hit hard in places like China by the rise of low-cost smartphones. Sony hopes to finish its mobile-segment restructuring in the business year ending in March 2016, making it profitable from the next fiscal year, the company said Tuesday. "Our urgent task is to make the business profitable even if sales drops by 20% or 30%," said Hiroki Totoki, head of the mobile business. Sony believes the smartphone industry is already matured, so it plans to focus on marketing on existing customers, instead of new ones, Mr. Totoki said. In the TV business, the company also said it was aiming for profitability, rather than chasing market share. Sony said it expected to post an operating profit margin of 2% to 4% by March 2018, up from a bare-bones 0.8% in the current year. Even that would be a big improvement for Sony after years of losses in the business, which faces intense competition from manufacturers in South Korea, China and other places. Sony said it expected the videogame division to show operating profit margins of 5% to 6% by March 2018, up from 2.7% this year. The devices segment is expected to post margins of 10% to 12%, up from the current 7.5%. While Sony has a history of issuing optimistic forecasts and then falling short, analysts say Mr. Yoshida has shown more urgency about moving to address problem areas by cutting costs or even selling troubled businesses--as Sony did earlier this year with its PC unit. More»
Amwal Al Ghad English - 2014-11-25 09:27:34
Hewlett-Packard Co. (HPQ)’s Dion Weisler took an in-development $1,899 computer home for several months this year, tinkering with features and contacting engineers on evenings and weekends with ways to improve it. He’ll have a $55.9 billion-a-year business to work with next, in his role as chief executive officer of a printer and personal-computer business that will be spun off from Hewlett-Packard next year. A two-decade industry veteran who joined the company in 2012, Weisler is facing shrinking demand for PCs, rising component prices and narrowing margins. Weisler previously worked at Acer Inc. (2353) and Lenovo Group Ltd. (992), which overtook Hewlett-Packard in PC market share last year. He’s taking the helm amid struggles to fend off competition from Apple Inc. and other makers of mobile devices and former employers. An outsider’s perspective helps, said Jayson Noland, a senior analyst at Robert W. Baird & Co. “He’s not your typical HP executive; he’s much more willing to step outside of the mainstream expectation for that,” said Noland, who has the equivalent of a hold rating on the stock. Hewlett-Packard’s fiscal fourth-quarter results, due to be released tomorrow, will show the challenge Weisler faces. The company is projected to show sales falling or little changed for the third straight year, according to the average of analysts’ estimates compiled by Bloomberg. More»
Wael Al Toukhy - 2014-11-24 13:16:05
 IBM Corporation - Egypt revealed on Monday that it has rolled out new solutions, Watson to give descriptive diagnoses for the symptoms related to various diseases through using third-generation technology. General Manager of IBM Amr Talaat explained that the new solutions aim to detect any disease suffered by the individuals after submitting their complaints about suffering from any pain, noting that these solutions named Watson's leading Cognitive Computing Capabilities, IBM Power Systems. These solutions have been launched to give a full analysis to be presented to physicians afterwards. Watson is dedicated to detect diseases that are hard to treat, such as cancer and hepatitis, Talaat added. The solutions have been reviewed by Dr. Adel El-Adawi Egyptian Health Minister and Ibrahim Mahlab Prime Minister so as to apply it Egypt by the next period. More»
Nayera Eid, Sayed Badr - 2014-11-24 12:22:13
CEO of Vodafone Egypt S.A.E Hatem Dowidar said the volume of the company's annual revenues are worth around EGP13 billion. Vodafone's financial statements revealed that the size of the debt owed to Vodafone ups zero, stressing that it signed a credit facility with banks today, the size of the debt does not exceed 30% of the total annual revenues of the Company. During the sign of credit facility with the 7 banks today, Dowidar noted that the EGP4 billion credit facilities will be go for financing the company's investments by the upcoming 3 years, adding that it will finance the new licences including International Gateway worth EGP1.8 billion, Fixed Mobile phone and other in the frame of Unified Licence. Amwal Al Ghad published today the bank's stakes in the loan which distributed as EGP900 million in favor of Banque Misr, EGP650million for each of Commercial International Bank (CIB) and AlexBank, EGP600 million in favor of HSBC in addition to Emirates NBD and QNB-AlAhli which participated with EGP400million for each bank. The company is aiming to exploit the loan as credit facilities to cover its needs in developing mobile phone network and improving services, it may allocate part of loan to go for financing the unified licence. More»