amwalalghad :: Tech news

Your English Portal To Arab Economy

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 - 2014-08-21 06:00:16
Hewlett-Packard Co posted a surprise increase in quarterly revenue after sales from its personal computer division climbed 12 percent, but a flat to declining performance from its other units underscored the company's uphill battle to revive growth. HP sales rose a mere 1 percent to $27.6 billion in its fiscal third quarter from $27.2 billion a year earlier. Wall Street analysts had forecast a modest drop in revenue to $27.01 billion. The Silicon Valley giant is undergoing a major overhaul aimed at cutting costs and re-orienting itself toward higher-margin businesses such as computing infrastructure. It's trying to reduce a reliance on PCs and move toward servers, storage and networking for enterprises - part of Chief Executive Officer Meg Whitman's effort to return the sprawling company to growth. Whitman credited personal computer demand for "coming back some" as consumers and corporations upgraded ageing machines. She was pleased with 2 percent growth in revenue to $6.9 billion at the Enterprise Group, the company's second-largest business that deals in networking, storage and servers. "It's a turnaround in a declining business," Whitman said in an interview. She singled out a 9 percent increase in sales of industry-standard servers in particular, saying uncertainty around Lenovo's acquisition of IBM Corp's low-end server unit helped steer business to HP. More»
Nayera Eid - 2014-08-19 12:10:46
Chairman of Egypt Post Dr. Ashraf Gamal El Din has resigned from his position saying this resign is due to personal reasons. Gamal El Din explained that he will join a new job in UAE, denying that the reason for the resignation is applying  the minimum wage in the Post. Meanwhile, Egypt Post attained around EGP100 million profits at the end of the last fiscal year13/14 after years incurring losses respectively. More»
Nayera Eid - 2014-08-18 13:03:16
Presso Jumia Egypt-Rocket Internet GmbH is planning investing around US$2million within the last quarter of this year. The fresh investments which will be pumped will focus on marketing  Jumia 's trade mark in order to allure new categories of customers and develop one-stop-shope-commerce website that delivers their needs to their homes, Jumia seeks boosting the number of vehicles for transporting products with 100% for up to 60 cars instead of 30, said Tamer El Fiki Marketing Manager. During the conference which has held on Monday, El Fiki explained that Jumia depends on Aramex, Mashaweer and FedEx firms to transporting products. He added that the fresh investments will increase the visitors of Jumia.com by 400% , the company is aiming doubling the investments three-fold. More»
Amwal Al Ghad English - 2014-08-18 06:27:31
The Ministry of Communications hopes to attract information technology sector investments worth between LE 12-15 billion for the new Suez Canal project, said Communications Minister Atef Helmy. Helmy said that the Suez Canal project requires a strong information technology infrastructure in light of Egypt’s central geographic location. President Abdel Fattah Al-Sisi launched the start of the project with $8bn in investments for a new 72 km canal in addition to six underground tunnels. Investment Minister Salman Ashraf said in a press statement that an offer for investment certificates with 12% annual returns over five years will also fund the project. According to the Minister of Communications, large technology projects will be implemented in the area in light of the 18 existing submarine cables whose networks require reinforcement. “Projects will be implemented in the Technology Valley area in Ismailia as a prelude to the Suez Canal project,” the minister said. Anticipated investments for the telecommunications, technology, and postal sectors during the 2014/2015 fiscal year amount to LE 22 billion, with 85% of investments from the private and the rest from the public sector. The Ministry of Communications hopes for its participation in GDP to reach 7% through 2020 by supplying investments worth LE155 billion, the minister said. More»
Nayera Eid - 2014-08-17 12:25:16
Telecom Egypt (ETAL-CA) (TE) is still studying entering and investing in ‘the establishment of a national entity for the development of the infrastructure considered the main backbone for the ICT sector, Eng. Mohamed Al-Nawawi , Managing Director and CEO asserted.Government is aiming establishing unified entity for infrastructure in cooperation with the 3 mobile phone operators in order to extend cables with each other so the participation in this entity ups to 300 million Egyptian pounds as minimum. With the participation of the 3 operators in the unified entity , it will stop cooperating with TE in the field of renting infrastructure which its business volume estimated at EGP3 billion per year with 10% total market revenues (EGP30billion). More»
Amwal Al Ghad English - 2014-08-17 11:14:45
IFC, a member of the World Bank Group, today signed an agreement to help enhance the skills of prospective information and communication technology (ICT) workers in Egypt, develop sector specific education and training, and improve the employability of ICT graduates. IFC will help the Information Technology Industry Development Agency (ITIDA) set up a foundation for talent development, in line with the needs of the market. This includes developing a National Qualifications/Skills Competence Framework that will demonstrate the skills and competences required by the sector as well as providing advisory support on existing sector specific education and training. IFC will also help ITIDA set up new educational initiatives to meet the needs of the ever evolving ICT sector, and encourage dialogue between the government and private ICT companies. More»
Nayera Eid - 2014-08-16 09:42:19
Fawry, Egypt's leading nationwide Electronic Bill Presentment and Payment (EBPP), signed two contracts with two local banks; AlexBank and Audi Bank, aiming to offer payment and collection services through mobile phone. CEO of Fawry Ashraf Sabry said the cooperation with the two banks comes within the framework of the company's plan to offer mobile payment services for more banks, noting that Fawry has previously contracted with National Bank of Egypt (NBE) to provide this service. The Regulatory rules issued by the central bank of Egypt (CBE) for mobile payment service stated that the necessary to get statement from CBE in case of conducting any amendments whether on the additional or the ongoing services. The maximum transfer of funds reached EGP1000 in the first process and EGP3000 per day and EGP5000 a month. In a statements to Amwal Al Ghad, Sabry said Fawry provides Mobile Wallet service in cooperation with the three mobile phone operators. The number of users of money transfer via mobile phone are around 500 thousand users according to National Telecommunication Regulatory Authority (NTRA). More»
Amwal Al Ghad English - 2014-08-16 06:35:10
Apple Inc has worked with supplier Quanta over the past year to improve working conditions after a 2013 audit, published on Friday, uncovered a profusion of violations, including excessive overtime and health hazards. The report provides a snapshot of working conditions at two Chinese factories in August of 2013. Independent labor monitoring organization OpenView Service conducted the assessment of the two facilities in Shanghai and Changshu, with accreditation from the Fair Labor Association, an organization of mostly corporate members, including Apple and Nike Inc. "Excessive overtime is not in anyone’s best interest, and we will continue to work closely with Quanta and our other suppliers to prevent it," Apple said in a statement issued in response to the report. "This year, through the end of July, Quanta has averaged 86 percent compliance with our 60-hour workweek." Apple and its main assembler, Foxxconn, came under fire in 2010 when reports surfaced of worker suicides and unfair labor conditions. In 2012, Apple became the first technology company to join the Fair Labor Association and began speaking more openly about its efforts to improve suppliers' practices. More»
Amwal Al Ghad English - 2014-08-14 12:23:28
Egypt's Raya Holding for Technology & Telecommunications (RAYA.CA) registered first half net profit fell worth EGP 9.2 million, 62.2% down from EGP 24.4 million in the same period a year earlier. The company’s H1 standalone financial statements mirrored EGP 50.7 million net profit, compared with EGP 58.4 million in H1-13. Q1-14 net profit had soared 121% to EGP 3.3 million, from EGP 2.2 million in Q1-13. More»
Amwal Al Ghad English - 2014-08-14 06:33:38
China's Lenovo Group, the world's biggest maker of personal computers, said net income jumped 23 percent in the first fiscal quarter, beating estimates, as it consolidated its position in the PC market while boosting smartphone shipments. Net income rose to $214 million in the three months through June from $174 million in the same period a year earlier. That was ahead of estimates of $202 million, according to a Thomson Reuters SmartEstimate poll of analysts. The ambitious Beijing-based hardware company has agreed acquisitions worth over $5 billion this year alone, buying server and handset businesses in what it calls its "PC Plus" strategy to diversify away from the shrinking PC market. Over the past year it has displaced South Korean giant Samsung Electronics Co Ltd to become the No. 1 smartphone seller in China, according to recent estimates by IDC. For the first quarter, Lenovo reported 39 percent growth in worldwide handset shipments, helped by strong sales in China. Revenue for the quarter rose 18 percent to $10.4 billion, with significant gains coming in Europe. More»