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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        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        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

Amwal Al Ghad English - 2016-06-04 12:03:23
BMW is overhauling its research and development activities to focus on self-driving cars, board member Klaus Froehlich told Reuters, a move which includes a revamp of its "i" sub-brand of carbon-fibre based electric vehicles. The company is updating its zero-emission vehicles after a lackluster response to its only fully battery-powered car, the i3, which recorded only 25,000 sales last year. By contrast, Tesla already has more than 370,000 orders for its Model 3. To help improve sales, BMW is increasing the battery range of its i3 city vehicle by 50 percent this year. Its next full-fledged new electric car model is not due until 2021, but the Bavarian auto maker is also planning to build a new version of its i3 electric car to be released by 2018, a source familiar with the matter said. More»
Amwal Al Ghad English - 2016-06-04 11:58:33
A Washington state man was sentenced on Friday to eight years in prison for his role in helping the management of the successor website to Silk Road, an online black market where illegal drugs and other goods were sold. Brian Farrell, who prosecutors say was a staff member for Silk Road 2.0, was sentenced by U.S. District Judge Richard Jones in Seattle after pleading guilty in March to a charge of conspiracy to distribute heroin, cocaine and methamphetamine. Farrell, 27, was arrested in January 2015 as trial was under way in the case of Ross Ulbricht, the creator of the original Silk Road, which authorities say Ulbricht ran under the alias "Dread Pirate Roberts." More»
Amwal Al Ghad English - 2016-06-04 11:50:35
The list of companies looking at a possible deal with Yahoo included the social media company Twitter, said a new report from The New York Post, which claims the management teams of both discussed a possible merger but the talks ended without an agreement. The report, citing sources close to the talks, said execs at the two firms had met several weeks ago and had spent several hours looking at whether a strategic combination might make sense. "Twitter is the destination for instant news, and Yahoo has a lot of eyeballs on its site," one source told the newspaper. "The idea isn't as crazy as you might think." The New York Post also reported that Twitter CEO Jack Dorsey was not present and the sources said Twitter appeared "mainly interested in sucking information out of Yahoo, as it bowed out of the bidding process soon thereafter," sources said. A Yahoo spokesperson told CNBC that it would not comment on details of the ongoing process, with the company currently looking at possible transactions which are in the best interests of the company and its shareholders. A Twitter spokesperson told CNBC that it does not comment on "rumor and speculation." More»
Amwal Al Ghad English - 2016-06-04 10:54:47
Line is aiming to raise about $3 billion in a dual Tokyo-New York listing, as the Japanese messaging application looks to arm itself with cash to challenge WhatsApp and WeChat. The initial public offering set for July will come after two abandoned attempts, said people involved in the plans. During that period, the market for technology IPOs in the US has waned while the Abenomics-driven share rise in Japan has fizzed out. Line was launched in 2011 after the March 11 earthquake and tsunami, when telephone services in Japan were disrupted. Since then, the company owned by Naver, South Korea's biggest internet portal operator, has built on its dominance in its home market to pursue growth in other parts of Asia. In addition to instant messaging and free calls, Line's 215m monthly active users can also make payments, order pizzas, play games and search for jobs. But the company has long struggled to make headway against bigger rivals such as Facebook-owned WhatsApp in the US and Europe. In recent years it has quietly put aside its goal to become the world's number one internet company with Takeshi Idezawa, chief executive, saying Line will focus on Asia. Two-thirds of Line's active users come from Japan, Taiwan, Thailand and Indonesia, where the popularity of cutesy emoticons or digital stickers, which also feature Line's own characters, and mobile games has driven growth. The IPO also comes amid market concerns that Line's rapid growth may be slowing. More»
Amwal Al Ghad English - 2016-06-04 10:53:23
Tony Fadell, a well-known Silicon Valley executive who was once expected to play a central role in Alphabet Inc's hardware efforts, has stepped down as chief executive of the search giant's Nest unit, the company said. Fadell will remain an adviser to Alphabet and Google co-founder Larry Page. He will be replaced at Nest, which makes smart thermostats and smoke detectors, by Marwan Fawaz, who had prior stints at Motorola Mobility and Charter Communications Inc. Google bought Nest in 2014 for $3.2 billion, one of the company's largest acquisitions ever. In a blog post announcing his departure, Fadell said Nest's revenue is growing 50 percent a year and boasted that "the connected home went mainstream because of Nest." More»
Amwal Al Ghad English - 2016-06-04 10:46:16
Wal-Mart Stores Inc executives touted the technology investments the world's No. 1 retailer is making to boost online sales, during the annual shareholder meeting on Friday. Chief Executive Officer Doug McMillon spoke about initiatives like online grocery pick up, the retailer's two-day shipping program and its mobile wallet, Wal-Mart Pay. His comments capped off a week-long media event where the company displayed drones in warehouses and announced a partnership with Uber to deliver online groceries. "We get to reimagine retail again, and that's what we are going to do," McMillon said. He also said changes to boost e-commerce sales will take some time to show results. Wal-Mart onlines sales growth has sharply decelerated for five quarters even though its overall performance has been better than most competitors. In the first quarter, online sales growth was 7 percent, down from 8 percent, 10 percent, 16 percent and 17 percent in the previous periods. In 2015, Wal-Mart's online sales rose 12.3 percent to $13.7 billion, which was less than the jump of more than the 16 percent for market leader Inc, to $92.4 billion. The meeting at the Bud Walton Arena in Fayetville, 30 miles from the company's headquarters in Bentonville, was packed with 14,000 people, including workers from around the world and shareholders. Keeping with its practice of showcasing celebrities at the annual event, the meeting was hosted by talk show host James Cordon. Singers like Katy Perry, Andy Grammar and Nick Jonas also performed on stage. The enthusiastic atmosphere momentarily turned somber after two shareholder proposals demanded higher wages, better treatment of employees and an independent chairman. The proposals did not get adequate votes. Wal-Mart in February 2015 said it will lift its base pay to $10 an hour in 2016, a step it has implemented this year. Labor groups feel this is not enough. Union backed group OUR Wal-Mart kept up pressure, and its workers met McMillon earlier this week, delivering a petition demanding higher wages signed by several thousand Wal-Mart workers. More»
Amwal Al Ghad English - 2016-06-04 07:46:42
Facebook Inc's board has proposed removing Mark Zuckerberg's majority voting control in the event of the social media giant's chief executive and founder deciding to exit management at some point in future. In a proxy filing with the U.S. Securities and Exchange Commission, Facebook's board said it would ask shareholders to vote on a proposal that would convert Zuckerberg's Class B shares into Class A shares if he is no longer in a leadership position. The move was first proposed in late April in a regulatory filing. As of June 2, Zuckerberg beneficially owned about 4 million Class A shares and about 419 million Class B shares, collectively representing about 53.8 percent of total outstanding voting power and 14.8 percent of total outstanding economic interests. More»
Nayera Eid - 2016-06-02 15:04:01
Equinox, a leading provider of IT solutions and services in MENA and Africa regions, has launched an academy designated for university graduates looking to gain valuable experience in the industry of infrastructure technology solutions and services.  Osama Qadan, Managing director of Equinox, said that the academy is particularly dedicated to government universities graduates. Egypt has all the necessary technically and vocationally qualified qualifications to perform telecommunications projects with great efficiency, Qadan added. More»
Amwal Al Ghad English - 2016-06-02 14:10:13
Egyptian Minister of Communications and Information Technology Yasser El-Kady has inaugurated on Thursday a new office and a developed centre in Maadi Technology Park for BARQ Systems Company, a leading regional provider of ICT solutions. The inauguration is part of the company's 2020 strategy to expand its business into new markets, promote ICT services and employ latest technologies and technological trends, to be one of the key pioneers of technology platforms in the region. The opening ceremony was attended by Amr Abdullah Al-Dabbagh, the CEO and Chairman of Al-Dabbagh Group, a Saudi Arabia-based company and the parent company of BARQ Systems, Juniper Networks CEO Rami Rahim and ITIDA CEO Asmaa Hosni. This is in addition to an elite of senior customer representatives of BARQ Systems in Egypt. In his speech delivered on this occasion, El-Kady ascertained that the Egyptian market in the ICT field is a promising one and has all the elements of growth, adding that Egypt is doing its utmost in order to regain its advanced position in this area, and set itself a distinct imprint on the technology world map. Egypt aims to enhance exporting services using IT outsourcing system, increase Egyptian software export rates and provide excellent job opportunities for young people in this industry in which Egypt's youth have proven their real capabilities and high skills. More»
Amwal Al Ghad English - 2016-06-02 12:14:17
OLX Egypt, the leading classified ads platform in the country, announced the appointment of Momtaz Moussa as its new general manager of OLX Egypt which is one of the company’s biggest markets in the Middle East and North Africa region. Appointing Moussa a general manager is a central core for OLX developmental plans for 2016 since he will provide a local leadership with wide vision in Egyptian customer service sector. Since the beginning of 2016, OLX Egypt has seen a significant increase in the number of users. Over 2.9 million new users subscribed monthly. Moreover, a new advertisement was uploaded on the website almost every 30 seconds. In April 2016, OLX Egypt was identified as Egypt's top application for internet shopping on Apple's App Store and Android's Google Play. More»