amwalalghad :: Tech news

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        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        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        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        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

Nayera Eid - 2014-05-20 12:09:02
Telecom Egypt (ETAL-CA)(TE) denied the increase of mobile phone operators infrastructure's rental prices. The decision of inching messaging services is mainly due to NTRA, Eng. Mohamed Al-Nawawi, TE's CEO asserted. Mobile operators spent around EGP1billion annually on renting infrastructure, noting that the revenues of telecommunication market estimated at EGP32billion annually, Nawawi added. More»
Amwal Al Ghad English - 2014-05-20 08:11:32
Sources with Variety report that YouTube is nearing a deal to buy Twitch, the popular game streaming startup, for $1 billion. The deal is said to be an all-cash offer and will close "imminently," according to Variety; The Wall Street Journal, however, has followed up with a report claiming that discussions are "early" and that "a deal isn't imminent." The move, if it succeeds, would effectively put one of the web's most highly trafficked sites firmly in Google's hands. Details are currently scarce. However, for YouTube's part, the move makes sense. Twitch, launched in 2011, has since become a premier destination for video game live-streams, and has effectively turned titles as offbeat as Pokemon into spectator sports. It currently has more than 1 million unique users broadcasting on its platform every month, and, according to a recent DeepField study, ranks ahead of even Google in terms of broadband traffic during peak hours. Twitch functionality is built into both the PlayStation 4 and Xbox One game consoles. While YouTube is otherwise the king of online video, it mostly missed the boat on livestreaming. Pulling Twitch into the fold would put all that content under one roof. However, Variety reports that YouTube is preparing for regulators to challenge the deal. Spokespeople for both YouTube and Twitch declined to comment. More»
Amwal Al Ghad English - 2014-05-20 08:19:34
Apple Inc. (AAPL) and Samsung Electronics Co. (005930) blamed each another for blocking progress toward a settlement of their patent disputes in a report to the judge who has presided over their two U.S. trials. While lawyers for both companies vowed to continue to pursue an accord to end their three-year legal fight over smartphone technology, they each said their adversary has taken positions that make out-of-court resolution more difficult, according to a filing yesterday in federal court in San Jose, California. Jurors in the second trial on May 2 awarded $120 million in damages to Apple over infringement of its patents, while also concluding that Apple infringed one of Samsung’s patents. The verdict sets the stage for each company to seek a court order banning U.S. sales of some older devices found to infringe its patents. The world’s top two smartphone makers have tried and failed before to reach a settlement while spending hundreds of millions of dollars in legal fees on battles across four continents to dominate a market that was valued at $338.2 billion last year, according to data compiled by Bloomberg. Samsung’s share of global smartphone shipments in the first quarter of 2014 fell to about 31 percent from 32 percent a year earlier, according to Strategy Analytics. Apple’s share fell to about 15 percent from 17.5 percent in the same period, while Chinese producers such as Huawei Technologies Co. and Xiaomi Corp. gained in emerging markets with cheaper, feature-packed devices. More»
Amwal Al Ghad English - 2014-05-20 08:03:18
Apple ranked high on the list of companies facing lawsuits for violating patents registered in the United States by 2013. Apple has faced during the past year 59 lawsuit. More»
Amwal Al Ghad English - 2014-05-20 07:42:32
Samsung’s products represented 7 out of 10 smart watches sold in the first quarter of this year. According to data on the global smart watch market in the first quarter released by research firm Strategy Analytics (SA), Samsung Electronics sold 500,000 units, accounting for 71.4 percent of the total. Compared to its sales figures (1 million units) and 52.4 percent market share last year, the Korean tech giant’s sway in the market increased greatly. The smart watch market is expected to grow rapidly from 1.9 million units in 2013 to more than 3 million units in 2014. More»
Nayera Eid - 2014-05-20 07:26:39
The volume of internet market reached up around EGP2billion annual revenues, Eng.Mohamed Al-Nawawi,CEO of Telecom Egypt (ETAL-CA)(TE)revealed. The growth rate of fixed internet up 20% annually in compared to 50% growth rate for mobile phone internet annually, Al-Nawawi explained. TE represented in TE Data for internet services which captures approximately 64% from internet market. More»
Nayera Eid - 2014-05-19 14:00:12
 Egyptian Information and Communication Technology Ministry is considering launching new technological area in Tenth of Ramadan City. Eng. Mohamed AbdelWahab, Executive Manager of Cairo Contact Centers Maadi Park said the Ministry is taking into account 10th of Ramadn city to be included in establishing a numbers of technological villages across governorates. AbdelWahab quoted Amwal Al Ghad that 10 of Ramadan city serves highly-population residential areas including the fresh graduates. More»
Amwal Al Ghad English - 2014-05-19 10:12:20
Global Telecom Holding (GTHE.CA), the Egypt-based group formerly called Orascom Telecom, said it is studying options to divest its stake in Canada’s Wind Mobile. Available options include selling this investment or merging it into another company, GTH said in a statement on Monday, adding that it will duly announce any core events in this regard. VimpelCom Ltd and GTH had announced earlier the signing of a share purchase agreement for the sale by GTH of a 51% interest in Orascom Telecom Algerie SpA (Djezzy) to the Fonds National d'Investissement (FNI), the Algerian National Investment Fund, for a purchase consideration of USD 2.643 billion. More»
Amwal Al Ghad English - 2014-05-19 06:06:43
AT&T Inc plans to pay $48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the U.S. television market are set to converge as customers consume more video on their mobile devices. The deal, announced on Sunday, highlights AT&T's pressing need for fresh avenues of growth beyond the maturing U.S. cellular business, which has become increasingly competitive. The combination with DirecTV, the No.1 U.S. satellite TV provider with 20 million customers, would beef up Dallas-based AT&T's packages of cellular, broadband, TV and fixed-line phone services. For DirecTV, the deal will enable it to offer broadband Internet for the first time to its U.S. customers, filling in a gap that had made the company vulnerable to cable rivals, which can provide Internet service through their networks. More»
Nayera Eid - 2014-05-18 11:38:06
Egyptian Finance Ministry's Partnership of Public and Private Sector PPP is aiming inking an agreement with International Finance Corporation (IFC) which affiliated to the World Bank in order to marketing Cairo Contact Centers of Maadi Park and allure foreign investments within days. The benefit will return to the area by signing the agreement to allow investment opportunities and offer it to the foreign investors. Mohamed AbdelWahab, Chairman at Cairo Contact Centers Park in Maadi explained. Speaking to Amwal Al Ghad Arabic's Website, AbdelWahab added that the expected period the area through IFC is around 8 months. More»