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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 - 2014-02-04 08:03:40
Samsung Electronics Co will unveil a new version of its flagship Galaxy S smartphone this month, but expectations are low that features such as a bigger screen will lead to a sharp jump in sales given intensifying competition. Samsung sent out invitations on Tuesday for "Samsung unPacked 5" event on February 24 at the Mobile World Congress in Barcelona. The launch has been brought forward by around three weeks after sales of Samsung's S4 came in weaker than expected, analysts said. The world's biggest smartphone maker is bracing for its weakest mobile annual profit growth in seven years amid fierce competition from Apple Inc and Chinese vendors, and as growth for high-end smartphones eases due to near saturation in many markets. The S5 is widely expected to feature a bigger screen, an improved rear camera and biometric functions such as iris recognition or a fingerprint scanner. It may also come with an improved Galaxy Gear smartwatch. The launch at the annual industry gathering is set to reflect a new emphasis on costs, marking a departure from the glitzy marketing Samsung has deployed in the past, including the use of actors and a full live orchestra to launch the S4 at New York's Radio City Music Hall last year. A bigger screen for the S5 may not become much of a selling point as Apple is widely expected to introduce large-screen smartphones - Samsung's mainstay products - later this year. Apple is also expected to gain ground in China after it began selling iPhones through China Mobile, the world's biggest mobile carrier by subscribers, last month. More challenges may come from China's PC maker Lenovo Group which announced last week it would buy Google Inc's Motorola Mobility handset unit for $2.9 billion. More»
Amwal Al Ghad English - 2014-02-04 07:57:20
Shares in U.S. mobile operators fell sharply on Monday after a AT&T Inc price cut fueled fears from investors that market leader Verizon Wireless and other rivals would have to react. AT&T shares closed down 4 percent a day after the No. 2 U.S. mobile services provider slashed the monthly fee for a data plan from $40 to $15. Some analysts saw the price cut as a drastic step that could force rivals such as Verizon Communications to response with their own price cuts and, as a result, hurt profits across the industry. AT&T and T-Mobile have been at each other's throats for months, with offers aimed at each other's customers, but many analysts had hoped that fight would be contained. Shares in Verizon fell 3 percent, as did No. 4 operator T-Mobile US shares, and Sprint stock ended down 5 percent after AT&T's move on Sunday. "Now we're seeing real evidence of increasing competition having real cost to the industry," said Jonathan Chaplin, a New Street Research analyst who saw the price cut as a sign that AT&T's recent efforts to regain market share lost to T-Mobile had not been successful. More»
Amwal Al Ghad English - 2014-02-03 13:54:05
Samsung Egypt -Beni Suef factory announced recently for its starting to export local LED screens manufacture to a number of European countries, as well as there are plans to expand in the exportable factories  such as Asia, Africa. It is worth mentioning that Samsung Egypt plant is the first plant established by the company in the Middle East and Africa. Kinam Lee, Samsung Egyptian factory CEO said since the inception of the plant in July2013, Samsung worked well to manufacture the best LED screens in the Egyptian market, as Samsung owns experience and knowledge which makes it a leader in the field of manufacturing screens not only at locally but also globally. Samsung pumped EGP1.8 billion investments aware of Egypt's status as one of the largest and most important markets in the Middle East and Africa, it is expected that this plant will contribute in supporting the Egyptian economy, as through it Egypt will turn into a center for exporting Samsung’s products. More»
Nayera Eid - 2014-02-03 12:41:55
Eng. Atef Helmy, Egyptian Telecom Minister revealed that the Ministry is currently working to coordinate with the Housing Ministry and the New Urban Communities Authority (NUCA) in order to choose the locations of the technological areas which the Ministry is aiming to launch in the beginning of this year. Helmy has quoted Amwal Al Ghad that the delay of launching is due to the Ministry’s seeking to select the best places in the announced governorates, stressing that the Ministry is conducting repeated visits for implementing the new projects. Housing approved to allocate five areas across various governorates and to grant these areas to Telecom Ministry in order to use in launching and operating 5 technological areas so as to provide call center and outsourcing services in Alexandria, Beni Suef, Assiut, Sohag and Aswan Borg El Arab with EGP25 billion expected investments. More»
Amwal Al Ghad English - 2014-02-03 08:25:58
Telecom Egypt (ETEL.CA) has signed an agreement with ‘MENA submarine cable systems’ (MENA), a subsidiary of Orascom Telecom Media and Technology olding (OTMT.CA). The agreement enables MENA to use one fiber pair in TE’s cable, located between its landing stations in Zaafarana on the Red Sea Coast and Abou Talat on the Mediterranean Coast. Fiber pair optical fibers are widely used in fiber-optic communications and permit transmission over longer distances and at higher bandwidths than other forms of communication. With this deal, TE has signed another agreement with ‘OTMT’ providing different offerings and international services. Combined, both agreements will contribute to te around EGP 210 million, which will be realized upon completion and service delivery. Mohammed Elnawawy, Managing Director and Chief Executive Officer of Telecom Egypt said: “Signing agreements such as this one with Orascom Telecom confirms the confidence from the business community in TE’s ability to provide services that meet the communications needs of a wide range of institutions. “We welcome cooperation with our partners to develop and serve the Egyptian telecommunications market, and ultimately benefit our stakeholders.” More»
Amwal Al Ghad English - 2014-02-02 15:16:28
Egyptian landline phone monopoly Telecom Egypt (ETEL.CA) said on Sunday it expects returns worth more than 210 million Egyptian pounds as an outcome of its recently-signed IRU (Indefeasible Right of Use) Agreement with Orascom Telecom Media and Technology Holding S.A.E (OTMT.CA)’s subsidiary MENA Cable. On Wednesday, January 22th, OTMT S.A.E. announced that its subsidiary MENA Cables signed an IRU (Indefeasible Right of Use) Agreement with Telecom Egypt for diversified Dark Fiber Pair between Zaafarana and Abu-Talat after acquiring the mandatory permits, thereby completing the terrestrial infrastructure of its MENA submarine cable system extending across Egypt. The company further said, in a release to Amwal Al Ghad on January 22th that the Term of the IRU Agreement is twenty years. As a result of using Telecom Egypt's crossing-Egypt infrastructure, MENA is expected to successfully complete and launch MENA Submarine Cable, its first fiber optic submarine cable system within 1 year spanning three continents (Europe, Africa and Asia), two seas (Med Sea and Red Sea) and one ocean (Indian Ocean), initially landing in five countries (Italy, Egypt, KSA, Oman and India), with potential expansion phases to land in Greece, East of the Mediterranean Sea and Djibouti. It is worth noting that operation of MENA Submarine Cable System was pending only the infrastructure crossing Egypt as all marine construction works had been completed and the landing stations and network operating center (NOC) were fully operational since the first half of 2012. Additionally, OTMT has also signed another agreement with Telecom Egypt to acquire different local and International capacity and services from Telecom Egypt. More»
Amwal Al Ghad English - 2014-01-30 09:49:14
The Italian government would welcome Naguib Sawiris as Telecom Italia SpA’s main shareholder should the Egyptian billionaire invest in the phone company, Economic Development Deputy Minister Antonio Catricala said. Catricala spoke to reporters today in Rome. Sawiris told Bloomberg News on Jan. 26 he is ready to invest in Italy’s largest phone company on the condition that the carrier’s biggest shareholder, Telefonica SA (TEF), would exit, and Telecom Italia doesn’t sell its Brazilian business. The government’s approval could make it easier for a foreign investor to help revive the country’s former phone monopoly. Sawiris is circling Telecom Italia again after his offer to buy a stake in the phone company for at least 2 billion euros ($2.7 billion) was rebuffed more than a year ago. An investment by Sawiris would mark a comeback for a businessman who helped shape Italy’s phone industry. He ventured into the country in 2005, when he bought wireless carrier Wind in a 12.2 billion-euro deal from utility company Enel SpA. He sold Wind to VimpelCom Ltd. in 2011. Sawiris said in the interview that Telecom Italia needs a capital increase of 3 billion euros to 4 billion euros. Telecom Italia Chief Executive Officer Marco Patuano said the next day there is no “hypothesis” for a capital increase. Sawiris said Telecom Italia should hold onto its stake in Tim Participacoes SA (TIMP3), the Brazilian carrier whose market value has jumped almost 50 percent to about $13 billion in the past 12 months. Telefonica, which controls Telefonica Brasil SA (VIVT4), is keen to push Telecom Italia to sell Tim or break up the unit among the country’s carriers, people familiar with the matter have said. Shares of Telecom Italia rose 1.6 percent to 82.8 cents at 12:13 p.m. in Milan. The stock has gained about 15 percent this year. More»
Amwal Al Ghad English - 2014-01-30 08:05:51
Lenovo Group said on Wednesday it agreed to buy Google Inc's Motorola handset division for $2.91 billion, in what is China's largest-ever tech deal as Lenovo buys its way into a heavily competitive U.S. handset market dominated by Apple Inc. It is Lenovo's second major deal on U.S. soil in a week as the Chinese electronics company angles to get a foothold in major global computing markets. Lenovo last week said it would buy IBM's low-end server business for $2.3 billion. The deal ends Google's short-lived foray into making consumer mobile devices and marks a pullback from its largest-ever acquisition. Google paid $12.5 billion for Motorola in 2012. Under this deal the search giant will keep the majority of Motorola's mobile patents, considered its prize assets. Shares of Google climbed 2.6 percent to about $1,136 in after-hours trading. Google Chief Executive Officer Larry Page said that Google would be best served by focusing on smartphone software rather than devices. Reuters reported the deal earlier on Wednesday, citing sources familiar with the deal. More»
Amwal Al Ghad English - 2014-01-29 13:10:05
Yahoo Inc's online ad prices slid again in the fourth quarter and Alibaba, the Chinese e-commerce giant in which it owns a big stake, saw revenue growth decelerate from its recent rip-roaring pace. Yahoo's overall revenue fell 6 percent in the last three months of the year to $1.266 billion, marking four consecutive quarters of eroding revenue. The company said that prices for both online display ads and search ads declined in the fourth quarter. The company's shares were down 3.7 percent at $36.82 in after-hours trading on Tuesday. "Normally you get better pricing in Q4," said BGC Partners analyst Colin Gillis. "The core business is shrinking." Yahoo's efforts to revamp its slumping business have come to the forefront following Chief Executive Officer Marissa Mayer's decision to fire Chief Operating Officer Henrique de Castro this month, after only slightly more than a year on the job. The move marked the first major change of plans since Mayer took the helm in July 2012, and underscored Yahoo's ongoing challenge to rekindle revenue growth. Mayer has moved aggressively to kick-start the company with product makeovers, acquisitions and big media hires, including celebrity newswoman Katie Couric. But the ad sales business continues to struggle at a time when rivals such as Google, Facebook and Twitter are posting strong revenue growth. Yahoo's stock has more than doubled since Mayer, a former Google executive, took the helm in July 2012. But analysts say much of the gain is due to aggressive stock buybacks and the expected IPO of Alibaba, in which Yahoo owns a 24 percent stake. More»
Amwal Al Ghad English - 2014-01-29 08:08:11
Telecom Egypt has unveiled plans to construct a high capacity cable system alongside 16 of the world’s most prominent service providers. Once completed, Asia Africa Europe-1 (AAE-1) will provide additional protection and offer an alternative to the existing heavily loaded cables systems. AAE-1 will run for 25,000km, from South East Asia to Europe across Egypt, connecting different countries, including Hong Kong, Vietnam, Cambodia, Malaysia, Singapore, Thailand, India, Pakistan, Oman, UAE, Qatar, Yemen, Djibouti, Saudi Arabia, Egypt, Greece, Italy and France. The new cable construction is due to be completed in 2016. AAE-1 is expected to contribute to te’s revenues more than EGP 300 million, which will be realized on service delivery date. The cable system will employ 100Gbps technology along the lowest latency route with design capacity of over 40 terabits. AAE-1 is one of the largest cable systems ever launched and will present an exponential level of business growth to te, who will provide robust and reliable services to AAE-1 across Egypt. Mohammed Elnawawy, Managing Director and Chief Executive Officer of Telecom Egypt said:“The construction of this new high capacity cable system is testament to our continued efforts to innovate and lead the way in terms of the technology surrounding submarine cables and networks. We are well placed to take advantage of Egypt's unique geographical location as a gateway between the Asia, Africa and Europe, and look forward to working closely with our global peers in constructing the AAE-1 cable system. “For more than 100 years, te has provided the most secure, resilient and reliable route for its international customers to connect their networks between East and West. By launching AAE-1, te can continue to play a pivotal role to the submarine cable industry over its diversified terrestrial network across Egypt.” The global service providers working alongside te include China Unicom, Chuan Wei, Djibouti Telecom, Etisalat, Mobily, Omantel, OTEGLOBE, Ooredoo, PCCW Global, Pakistan Telecommunication Company Limited (PTCL), Telecom Egypt, TOT, Viettel amongst other carriers. te signed the Construction and Maintenance Agreement (C&MA) in Hong Kong on January 27, 2014 to officially mark the commencement of the AAE-1 Project. More»