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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        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

Nayera Eid - 2014-04-22 14:26:28
Information and Communication Technology (ICT) Ministry is planning to review the new technological village project on the supreme Commission for partnership between the public and private sector PPP in five governorates with expected investments up EGP25billion within the current month. Eng. Mohamed AbdelWahab, Chairman at Cairo Contact Centers Park in Maadi illustrated that the Ministry obtained the approval of PPP in the Finance Ministry, expecting that it will get the approval of Supreme Commission after reviewing the project in order to start building in Maadi Park and develop the five zones by Housing , ICT in Assiut, El Sadat, Borg El Arab, Sohag and Beni Suez. The Technological village will allow to the firms to obtain areas by usufruct system for 49 years. In previous statements, the Minister Atef Helmy emphasized that it is schedule to establish five new zones with total cost up EGP24 billion. More»
Amwal Al Ghad English - 2014-04-22 12:47:22
Cairo-based Global Telecom Holding (GTH) (GTHE.CA on EGX) (Previously Orascom Telecom Holding S.A.E.) announced on Tuesday that its board approved two loans to its fully-owned affiliates Banglalink and Mobilink. Global Telecom’s board, which held its meeting on April 17, 2014, endorsed a $200 million loan to Banglalink Digital Communications Limited. In addition, the board had also ratified a $150 million loan to Pakistan Mobile Communications Limited (Mobilink). More»
Amwal al Ghad English - 2014-04-19 10:00:21
The National Telecommunication Regulatory Authority (NTRA) Warned for taking measures regarding hacking its site or halting telecommunication services or suspending the networks for any institutions, firms and parties. NTRA described any trying for penetrating the websites is illegal and it may refer to prosecutions according to Telecommunication Act 10 for 2003. More»
Amwal al Ghad English - 2014-04-19 09:24:24
Vodafone Group Plc (VOD), the world’s second-largest mobile carrier, is in talks with Netflix Inc. (NFLX) to offer subscribers access to streaming movies and television shows, three people familiar with the discussions said. A deal would give Vodafone customers free access to Netflix content for a period of time, the people said, asking not to be named because the agreement isn’t final. Talks are at an early stage, they said. Vodafone is adding more content to its lineup as Chief Executive Officer Vittorio Colao transforms the company into a one-stop-shop for customers who want to access applications, entertainment, and files on fixed and mobile connections. The company announced deals last year that give U.K. customers free access to music service Spotify Ltd. or British Sky Broadcasting Group’s Sky Sports when they sign up for its high-speed, fourth-generation mobile network. More»
Amwal Al Ghad English - 2014-04-19 08:50:37
Russia's Vimpelcom has resolved a long-running dispute with the Algerian government by selling it a majority stake in the country's biggest telecoms operator for $2.6 billion, while it will keep control and slash debt. Orascom Telecom Algeria, also known as Djezzy, is a prized asset, which Vimpelcom bought in 2010 from Egyptian tycoon Naguib Sawiris as part of a more than $6 billion deal as it aimed to diversify outside of Russia. Algeria that year made moves to nationalise Djezzy, hitting the business with back tax claims and restrictions on imports and foreign exchange transactions, creating uncertainty that has weighed on Vimpelcom's shares. On Friday, Russia's third-largest mobile operator said that Global Telecom Holding (GTH), its 51.9 percent-owned subsidiary, had signed an agreement to sell a 51 percent stake in Djezzy to the Algerian National Investment Fund (FNI) for $2.6 billion. The deal will help Vimpelcom reduce its $27.5 billion of gross debt, built up in an acquisition spree, by $4 billion. "It's a great day for the company. It has been a three-year journey, and now it has come to an end," Vimpelcom Chief Executive Officer Jo Lunder told Reuters. "It is possible for us to take advantage of the very attractive telecom market in Algeria and continue to develop Djezzy, which has been difficult for us all these years," he said. GTH will keep a 45.6 percent stake and buy the remaining 3.4 percent of Djezzy shares from minority shareholder Cevital for $178 million, Vimpelcom said. POSITIVE FOR VIMPELCOM Despite ending up with less than 51 percent, GTH will continue to exercise operational control over Djezzy, based on a shareholder agreement between GTH and the fund. Djezzy will pay Algeria a $1.3 billion fine, however, to lift foreign exchange and import restrictions. It will also write off tax receivables worth $700 million, implying a total write-off by Vimpelcom of $2 billion in its 2013 financial report. Vimpelcom ADRs were up 8.6 percent by 1345 GMT at $9 on Friday in New York. Alexander Vengranovich, an analyst at Otkritie Capital in Moscow, said the terms of the settlement were favourable for Vimpelcom as he upgraded his target price to $11.30 from $11. "In our view, the deal is very positive for Vimpelcom as it signals the long-awaited resolution of the dispute with the Algerian government on very favourable terms," he said. Vimpelcom also has an option to sell its stake in Djezzy to FNI on the seventh anniversary of the closing of the deal. GTH will receive $1.86 billion in dividends from Djezzy prior to the closing of the transaction and will pass on these funds and the proceeds from the Djezzy stake sale to Vimpelcom by repaying it an outstanding loan. Otkritie's Vengranovich said that using the proceeds to deleverage meant that Vimpelcom would be able to resume dividend payments that would be closer to normal after it slashed payouts in January to preserve cash for debt repayments. Last month, Vimpelcom also announced a refinancing plan for its Italian subsidiary, Wind. Vimpelcom's biggest shareholders are Russian billionaire Mikhail Fridman's Alfa Group and Norwegian telecoms group Telenor. More»
Amwal Al Ghad English - 2014-04-17 07:29:34
IBM Corp, the world's biggest technology services company, reported its lowest quarterly revenue in five years on Wednesday, as Big Blue struggles with falling demand for its hardware and faces challenges in growth markets like China. Shares of IBM fell as much as 4 percent to $188.20 in after-hours trade. Revenue for the Armonk, NY-based firm fell 4 percent to $22.5 billion in the first quarter, below analysts' average estimate of $22.91 billion. "They have had eight revenue declines in a row," said Fred Hickey, editor of The High-Tech Strategist newsletter, which is widely read by investors. "They have missed so many times, it's hard to keep track of it." IBM's first-quarter revenue was the lowest the company reported since the first quarter of 2009, when revenue was $21.71 billion. Hardware revenue, which includes servers and systems storage, plunged 23 percent to $2.4 billion, as sales in growth markets declined 11 percent, led by Asia-Pacific, where reported revenue declined 12 percent. IBM has been restructuring its business and laying-off workers in efforts to achieve its targeted operating earnings of $20 per share by 2015. In January, the company agreed to sell its low-end server business to Chinese PC maker Lenovo Group Ltd for $2.3 billion in January. More»
Amwal al Ghad English - 2014-04-16 08:52:42
Intel Corp. (INTC), the world’s largest semiconductor maker, forecast second-quarter sales that may exceed some analysts’ estimates as improving corporate orders help stabilize the declining personal-computer market. Revenue will be $13 billion, plus or minus $500 million, the company said today in a statement on its website. Gross margin, or the percentage of sales left after deducting the cost of production, will be about 63 percent. On average, analysts had estimated sales of $12.96 billion and gross margin of 59.8 percent, according to data compiled by Bloomberg. Business at Intel, whose chips power more than 80 percent of the world’s PCs, is picking up as companies upgrade office machines, spurred by Microsoft Corp.’s end to support for its Windows XP operating system. The shift to newer software may be prompting corporations to evaluate their networks and buy more replacement equipment, said Ian Ing, an analyst at MKM Partners. “Once people got into the mode of upgrading, they decided to take a closer look at their current assets,” said Ing, who has the equivalent of a hold rating on Intel’s stock. “It goes well beyond the XP obsolescence.” More»
Amwal al Ghad English - 2014-04-16 08:38:43
Samsung Electronics Co. (005930) began its attack on patents Apple Inc. has asserted in a $2 billion case by trying to convince jurors that the iPhone maker exaggerated claims about inventions allegedly copied by the Galaxy maker. Samsung, trying to avoid a repeat of two years ago when jurors found infringement and awarded Apple $1.05 billion in damages, is calling on witnesses with smartphone technology expertise, including engineers from Google Inc., to argue that some of Apple’s technology is so obvious it shouldn’t have been patented. Apple faces a bigger challenge this time because, unlike the 2012 trial that focused mostly on claims about the look and feel of its devices, the current case “requires the jury to dig into the nitty-gritty details of software that Samsung received” from Google as the developer of the Android operating system, said Brian Love, a professor at Santa Clara University law school. “Google’s involvement in the case seriously undermines Apple’s narrative that Samsung is a blatant copyist,” Love said. “The Google brand is very strong and, more importantly, is associated with forward-looking innovation, not piracy,” More»
Amwal Al Ghad English - 2014-04-16 07:54:55
Apple Inc on Tuesday lost an attempt to dismiss lawsuits by state attorneys general accusing it of conspiring with five major publishers to fix e-book prices.  U.S. District Judge Denise Cote's ruling paves the way for attorneys general in 33 states and territories to move forward, along with attorneys for consumers, in pursuing hundreds of millions of dollars in damages at a July 14 trial. Following a non-jury trial, Cote in July found that Apple from 2009 to 2010 conspired with the publishers to raise e-book prices and impede competitors such as Inc.  The states had pursued the liability finding alongside the U.S. Justice Department without any objection by Apple and obtained a subsequent injunction against the iPad maker in September that called for the appointment of a compliance monitor. But as the case moved into a damages phase, Apple argued that the states lacked standing to maintain an action for damages, arguing they had not alleged they had suffered any injury.  More»
Amwal al Ghad English - 2014-04-15 14:20:52
The numbers of Vodafone Egypt’s subscribers reached around 5 million on the social networking website ‘Facebook’. Facebook’s Vodafone subscribers ranked first in Egypt Ashraf Helal , the Customer Care Director of Vodafone Egypt asserted. Helal added on the sidelines of the press conference which has held by the company today that the page ranked tenth globally, noting Vodafone provides various services for the users depending on Speed ​​of response and interaction. Mr. Tarek Nabil, Online Director of Vodafone Egypt said the numbers of internet users across republic reached about 3 billion, pointing that Egypt raked 15 globally as 40 million subscribers for the internet. Vodafone is the first of all the social networking sites Facebook, Twitter, and Google Plus and instagram in Egypt. More»