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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        Universal For Paper and Packag   4.94        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        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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 - 2016-07-19 13:01:28
Vodafone Egypt CEO Ahmed Essam has been named the new CEO of Vodafone's European markets, which consist of Albania, the Czech Republic, Greece, Ireland, Hungary, Malta, Portugal and Romania. The decision will come into effect on September 1st. Essam will also represent Vodafone's half of the Netherlands joint venture at group level. He will succeed Rob Shuter, who is leaving Vodafone to become CEO of South Africa-based MTN. Essam is the first Egyptian to hold such post. He was appointed CEO of Vodafone Egypt in July 2014. He was previously the Commercial Director for Vodafone's Africa, Middle East and Asia-Pacific region and has held a number of senior roles within Vodafone's Group Commercial function. He joined Vodafone Egypt in 1999 and served in a number of local market senior leadership roles including Consumer Business Director and Customer Care Director. "Ahmed has an outstanding track record in one of Vodafone's most complex and challenging emerging markets businesses as well as in a number of senior commercial roles at group level. I am delighted to welcome him to his new role," Vodafone Group Chief Executive, Vittorio Colao said. Earlier in June, Vodafone Group announced that Stefano Gestaut, CEO of Vodafone's Partner Markets Business, had become the new CEO of Vodafone Egypt succeeding Essam. More»
Amwal Al Ghad English - 2016-07-19 09:47:53
Germany plans new legislation to require manufacturers of cars equipped with an autopilot function to install a black box to help determine responsibility in the event of an accident, transport ministry sources told Reuters on Monday. The fatal crash of a Tesla Motors Inc Model S car in its Autopilot mode has increased the pressure on industry executives and regulators to ensure that automated driving technology can be deployed safely. Under the proposal from Transport Minister Alexander Dobrindt, drivers will not have to pay attention to traffic or concentrate on steering, but must remain seated at the wheel so they can intervene in the event of an emergency. Manufacturers will also be required to install a black box that records when the autopilot system was active, when the driver drove and when the system requested that the driver take over, according to the proposals. More»
Amwal Al Ghad English - 2016-07-19 09:36:02
Uber has completed more than 2 billion trips on its app, the company's chief executive said on Monday, a milestone that arrives just weeks after the ride service added another $4.7 billion to its warchest. Uber hit 2 billion rides on June 18, CEO Travis Kalanick said in a Facebook post, six months after marking its first billion rides. The company, then, completed the same number of rides in six months as it did in the prior six years - due in part to its heavy spending to recruit drivers and passengers, which is made possible by more than $13 billion in funding from investors. Kalanick said that 147 Uber rides started at the exact same second in 16 countries to tie for the two billionth trip. The largest portion of those rides - 54 - happened in China, an indication of the company's growth in that country, where Kalanick has also said Uber is losing more than $1 billion a year as it competes for riders. More»
Amwal Al Ghad English - 2016-07-19 09:20:18
State-run phone carriers China Telecom Corp. and Saudi Telecom Co. have expressed interest in acquiring 4G mobile-phone licences offered by the Egyptian government, a Communications Ministry official said. The two carriers join Kuwait’s Zain, which made an official request a week earlier to obtain the Egyptian 4G licence. China Telecom, that country’s third-largest mobile carrier, and Saudi Telecom, the biggest phone operator in Saudi Arabia, haven’t presented formal requests yet, said the official, who asked not to be named discussing private information. A Saudi Telecom official declined to comment. China Telecom didn’t immediately respond to requests for comment. Interest in the 4G licences by newcomers in Egypt may add to pressure on local units of mobile operators Vodafone Group Plc, Orange SA and Emirates Telecommunications Corp. to accept licence terms before the deadline set by the government at the first week of August. State-run fixed-line monopoly Telecom Egypt has welcomed the offering as it eyes entering a mobile market. The licences would only be offered to new market players in case current operators rejected the licence, the official said. Egypt has about 95 million mobile subscribers, according to the communications ministry website. Orange SA’s Egyptian affiliate said in a June filing that it has been required to decide on whether to agree to terms of a 4G licence by the first week of August. The price of the rights for Orange is 3.54 billion Egyptian pounds ($399 million), the company said. China Telecom does not have any 4G development plan in Egypt, the company said Tuesday in an e-mail. For China Telecom, a 4G licence would broaden its revenue stream, said Steven Liu, head of research at China Securities International. “Overseas revenue mainly comes from roaming and is almost negligible,” said Liu by phone. “If they were to acquire 4G licences, it would be more of the goal to establish a presence than to compete toe-to-toe with European operators," Liu said by phone on Tuesday. China Telecom will probably have revenue of 347.5 billion yuan ($52 billion) this year, about 4.9 percent more than a year earlier, according to estimates compiled by Bloomberg. More»
Amwal Al Ghad English - 2016-07-19 09:23:11
Mobile telecom equipment maker Ericsson posted second-quarter operating profit and sales below market expectations on Tuesday and said it was cutting costs further to match weak demand. Operating profit was 2.8 billion Swedish crowns ($327 million) compared to 3.6 billion in the year-ago quarter and below a mean forecast of 3.0 billion crowns in a Reuters poll of analysts. Sales at Ericsson, the world number one mobile network equipment maker, were 54.1 billion crowns, below a forecast of 55.3 billion. The gross margin was 32.3 percent, matching the mean forecast. More»
Amwal Al Ghad English - 2016-07-19 08:53:54
A tank rolls through five lanes of deadlocked traffic towards the Bosphorus Bridge, crushing cars. A military helicopter shoots at people dashing across a highway. Mutinous soldiers open fire on civilians outside an air base. The brutality of Turkey's failed coup attempt, when soldiers commandeered fighter jets, military helicopters and tanks in a bid to seize power, has gradually been emerging in video and pictures captured on cellphones during the chaos. Throughout the night of July 15, terrified Turks in Istanbul and Ankara listened to sporadic gunfire, explosions and the sonic booms of low-flying jets over their apartment blocks, rattling buildings and blowing out windows. In a country whose last violent military coup was more than three decades ago, few could believe what was happening, let alone how high the death toll would reach. Prime Minister Binali Yildirim said 232 people were killed, 145 of them civilians. More»
Amwal Al Ghad English - 2016-07-19 08:33:18
Audi will boost spending on digital technologies and electric cars over the next decade, sources at the German carmaker said, as it follows parent Volkswagen in reshaping its business in the wake of the diesel emissions scandal. Volkswagen's (VW) main profit contributor plans to invest about a third of its R&D budget which totaled 4.24 billion euros ($4.69 billion) in 2015, in digital services, electric cars and autonomous driving by 2025, two sources at Audi told Reuters late on Monday on condition they not be identified because the plans are still confidential. Audi will offer on-demand mobility services for premium customers and increase the share of electric vehicles of its overall sales to about a fourth by 2025, the sources said. The Ingolstadt-based brand sold a record 1.8 million cars last year. Chief Executive Rupert Stadler plans to outline details of Audi's new business roadmap to more than 2,000 managers on Wednesday at a closed-door conference in Munich, the sources said. More»
Amwal Al Ghad English - 2016-07-19 08:22:38
International Business Machines Corp's quarterly revenue beat analysts' expectations as the company's shift to high-growth areas such as cloud-based services begins to yield results. IBM also stood by its full-year forecast for adjusted earnings of at least $13.50 per share, dispelling any concerns about the impact from Britain's vote to leave the European Union. "Investors were a little bit nervous about the guidance, and they'll find a little relief that the company maintained that, despite some headwinds associated with their high sales exposure to Europe," said Edward Jones analyst Bill Kreher. IBM receives nearly a third of its revenue from Europe, Middle East and Africa. More»
Amwal Al Ghad English - 2016-07-19 08:15:18
Baidu Inc's planned sale of online video unit iQiyi to its own chief executive is priced too low and will damage its reputation, an investor in the Chinese internet company said. In February, Baidu received an offer for its 80.5 percent stake in iQiyi from Robin Li and Yu Gong, the chief executives of Baidu and iQiyi, respectively. The offer valued the whole of iQiyi, China's second-biggest online video provider, at $2.8 billion on a cash- and debt-free basis. "We worry that embracing what is an inherent conflict of interest will lead to damage to the reputations of both you and Baidu," U.S.-based investment firm Acacia Partners said in a July 18 letter to Li. The letter was distributed to media through public relations firm Finsbury, part of communications firm WPP. More»
Amwal Al Ghad English - 2016-07-19 07:54:20
Netflix Inc said it added fewer video streaming subscribers than expected from April through June as some customers canceled the service ahead of a price increase, and the company's shares fell 16 percent. The dominant subscription video service on Monday also forecast slower-than-expected growth in U.S. and international markets in the current quarter. "We are growing, but not as fast as we would like or have been," the company said in its quarterly letter to shareholders. Netflix, which distributes popular original shows such as "Orange is the New Black" and "House of Cards" along with movies and TV shows from major Hollywood studios, signed up 1.7 million new customers in the quarter that ended in June. It had projected 2.5 million. More»