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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        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        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 - 2014-07-16 09:03:05
An official source in National Telecommunication Regulatory Authority (NTRA) revealed that the new tax law for increasing the prices of mobile services has not discussed by NTRA till now. Speaking to Amwal Al Ghad the source added that issuing the law needs to be approved by the Authority as it is the authorized body of telecommunications. Any increase in mobile services won't be issued until NTRA will approve on it, the source added. In a statement issued by Finance Ministry, it expected that the growth rate of tax on mobile service reaches 60% to reach up EGP6.3 billion against EGP3.96 billion at May-end. Moreover, Mobile operators are expecting that the services will raise within the upcoming months amid fuel price rise. More»
Amwal Al Ghad English - 2014-07-16 08:12:14
Microsoft Corp is planning to cut 1,000 jobs in Finland from its mobile phone unit, a Finnish daily said on Wednesday, quoting anonymous sources. Some 25,000 Nokia workers moved this spring to Microsoft with the cellphone unit acquisition, 4,700 of them in Finland. Globally, Microsoft now has 127,000 employees, far more than rivals Apple and Google. Wall Street is expecting Chief Executive Satya Nadella to make some cuts, which would represent Microsoft's first major layoffs since 2009. News agency Bloomberg said on Monday that total job cuts could be the biggest in Microsoft history, topping the 5,800 jobs lost in 2009. Finnish daily Helsingin Sanomat said on Wednesday Microsoft planned to close former Nokia research and development unit in Oulu, northern Finland. The Oulu unit employs 500 people, mainly working on software used in basic cellphones. The other half of the cuts would come from other locations in Finland. Finland is struggling with a severe economic recession. Its economy has already contracted for two years in a row and some analysts expect this year to make it three. More»
Amwal Al Ghad English - 2014-07-16 07:55:11
International Business Machines Corp will partner exclusively with Apple Inc to sell iPhones and iPads loaded with applications geared at enterprise clients this fall, the company announced on Tuesday. The announcement, just two days before IBM releases its second quarter earnings, comes as the company attempts to shift its focus to software and services as its hardware unit continues to slump, and follows a string of mobile software acquisitions. The company hopes software sales will contribute half of its total profit by 2015. The company will release more than 100 apps targeting industry specific issues in retail, healthcare, banking, travel, transportation and telecommunications IBM said on Tuesday. "We wanted to focus on creating an absolutely irresistible workflow and processes and a design of apps that can be used by every user in the organization," Bridget van Kralingen, IBM's senior vice president of global business services told Reuters from Apple headquarters in Cupertino, California. "We wanted to remove some of the existing barriers of mobile in enterprise," she said adding that chief information officers worry about security, utilizing cloud and installing apps in mobile devices. More»
Nayera Eid - 2014-07-15 14:16:59
Egypt's mobile operators will wait the approval of increasing tax law on mobile services before taking any decision concerning mobile service rise, Mr. Khaled Hegazy , External Affairs and Legal Director for Vodafone Egypt asserted. The mobile operators cannot predict the effect of raising mobile phones services in the current time until the final decision of increasing the targeted tax will be approved, Hegazy noted. In a statement issued by Finance Ministry, it expected that the growth rate of tax on mobile service reaches 60% to reach up EGP6.3 billion against EGP3.96 billion at May-end. Moreover, Mobile operators are expecting that the services will raise within the upcoming months amid fuel price rise. More»
Amwal Al Ghad English - 2014-07-15 13:27:13
International Standards Certifications (ISC), a full scope JAS-ANZ accredited certification body, announced Tuesday Raya Data Center as the first data center service provider in Egypt to be awarded the ISO 20000 certification, according to the company’s release. "This certification is an affirmation of the Raya Data Center's team excellence as well as our commitment to deliver seamless customer support services to our customers. Customers can be sure that we continuously improve and maintain the high quality of our service delivery processes so they can concentrate on doing their core business and let us handle their threat concerns," said Reem Asaad, Raya Data Center CEO. The ISO/IEC 20000 - 1:2011 certification is proof that Raya Data Center demonstrates industry best practices and continuously monitors and improves the quality of its service and support functions for effectively delivering managed services to meet business and customer requirements. "During my audit with Raya Data Center, I observed several key differentiators that confirmed the company's deserved recognition for the ISO 20000 certification to an unusual extent. Their depth of knowledge for the certification requirements was above average and the implementation of each module was exceptional, my interaction with their enthusiastic employees at all levels was a pleasant experience where they demonstrated an excellent skills set to generate reports 'on the fly' and showed that they fully understand their customer requirements. Finally, the company's dedication to close identified gaps during the audit by extending their working hours indicated their seriousness about maintaining a culture of 'service quality improvement'," said Sudarshan Mandyam , Global Program Manager - ISMS, SMS & BCMS, International Standards Certifications (ISC), Sydney, Australia (Head Office). It is worth mentioning that Raya Data Center's awarding of the ISO 20000 certification is due to the company's adherence to IT service excellence supporting the provision of its services: Managed Hosting, Co-Location, Cloud Computing, Disaster Recovery, Professional Services, and IT Outsourcing Services to customers inside and outside Egypt. More»
Amwal Al Ghad English - 2014-07-15 12:34:58
Mobinil in collaboration with Orange labs launched an awareness campaign supported by Diabetes & Ramadan International Alliance (DAR) during the holy month of Ramadan utilizing mobile technology to increase awareness for diabetes and support patients  experience  safe fasting. Through M-Dar campaign, Mobinil sent bulk sms to its customers & potential diabetics in major Egyptian cities enclosing the link for DAR’s website (mob.daralliance.org) that aims to provide better understanding for the best way to manage diabetes during Ramadan and educate  customers and  patients on how to fast Ramadan safely. Mobinil will further support DAR’s  initiative by publicizing their website through its social media pages & through a PR campaign to increase public awareness. Mobinil’s VP Commercial, Mr. Ashraf Halim commented “We are pleased to be the first mobile operator in Egypt that has utilized its network, resources and mobile applications to support diabetes patients in Egypt. Furthermore, this project is considered one of Mobinil’s ongoing social responsibility projects and a good addition to our current m-Health portfolio”. On this occasion Dr. Mohamed Hassanein, MDAR’s President&a Diabetes Consultant in Britain stated that “ millions of Muslims with diabetes are passionate about fasting Ramadan. The role of the medical profession is to help our patients experience a safe Ramadan noting that Egypt is the 8th country in diabetes prevalence with 10% of population are diabetics and are at high risk because of their Ramadan eating habits. Meanwhile, DAR International Alliance is proud to collaborate with Mobinil on this project that aims  to reach people with diabetes with ease using modern technology to help them achieve their target of safe fasting during Ramadan”. DAR International Alliance is an alliance that includes that International Diabetes Federation (IDF) for Middle East and North Africa (MENA) and Africa ( IDF). Diabetes Education Study Group. Gulf  Group for Study of Diabetes ( GCSD) and other partners. More»
Amwal Al Ghad English - 2014-07-15 11:30:25
International Standards Certifications (ISC), a full scope JAS-ANZ accredited certification body, announced Raya Data Center as the first data center service provider in Egypt to be awarded the ISO 20000 certification. "This certification is an affirmation of the Raya Data Center’s team excellence as well as our commitment to deliver seamless customer support services to our customers. Customers can be sure that we continuously improve and maintain the high quality of our service delivery processes so they can concentrate on doing their core business and let us handle their threat concerns,” said Reem Asaad, Raya Data Center CEO. The ISO/IEC 20000 – 1:2011 certification is proof that Raya Data Center demonstrates industry best practices and continuously monitors and improves the quality of its service and support functions for effectively delivering managed services to meet business and customer requirements. More»
Wael Al Toukhy - 2014-07-15 09:09:24
CEO of Linatel-Egypt Hamdy Al-Lithy announced for his company's target to record EGP30 million business volume by the end of the current year stressing that the proportion of business volume's growth up to 30% within 2014. Linatel started launching 100 strengthening stations for Vodafone and Mobinil in order to develop mobile phone's services especially mobile operators will work to raise efficiency by the next period, Al-Lithy noted. Linatel looks into new firms to find alternative job opportunities in three Arab countries Saudi Arabia, UAE and Kuwait with the aim of providing electronic payment and money transfer via mobile phone services, he added. Moreover, the company increased its paid up capital to close at EGP3 million instead of EGP1 million along with reviewing with one of banks to get EGP10 million credit facilities. More»
Amwal Al Ghad English - 2014-07-15 08:07:50
Microsoft Corp is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj's handset unit, Bloomberg reported, citing people with knowledge of the company's plans. The reductions, expected to be announced as soon as this week, could be in the Nokia unit and the parts of Microsoft that overlap with that business, as well as in marketing and engineering, Bloomberg reported. Since absorbing the handset business of Nokia this spring, Microsoft has 127,000 employees, far more than rivals Apple Inc and Google Inc. Wall Street is expecting Chief Executive Satya Nadella to make some cuts, which would represent Microsoft's first major layoffs since 2009. The restructuring may end up being the biggest in Microsoft history, topping the 5,800 jobs cut in 2009, the report said. Some of the job cuts will be in marketing departments for businesses such as the global Xbox team, and among software testers, while other job cuts may result from changes Nadella is making to the engineering organization, Bloomberg reported. More»
Amwal Al Ghad English - 2014-07-14 10:06:33
 The investments of UAE in Egypt's ICT sector reached around US$2.08 billion till the end of last May, as it is the most prominent sector for UAE in the Egyptian market. Senior sources in Egyptian Investment Ministry said UAE is the most important country which invests in Egypt's ICT sector and the numbers of UAE firms boosted from 45 to 49 in 4 months and in various regions, the issued capital is US$2.6 billion whereas the paid up capital reaches also US$2.6billion. More»