amwalalghad :: Tech news

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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

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»
Ahmed Fayez - 2014-04-14 14:49:26
Egyptian Satellite EgySat is scheduled to be launched. Wednesday by the Russian Space Agency from Baikonur Cosmodrome in Kazakhstan. It was previously announced in February that the Russian Space Agency is scheduled to launch three Russian-made satellites into space for Egypt and Kazakhstan; Condor A, EgySat, and Kaza Sat 3. Eng. Ibrahim Mehleb Egyptian PM congratulates the Egyptians for launching the new satellite. The Egy Sat will reportedly be able to capture photos with accuracy of up to one meter, as well as working on the sun-synchronous orbit at an altitude of about 700 km and it will contribute in supporting Egypt’s presence in space field as a prelude to establish Egyptian space agency that will invest the availability of scientists and researcher efforts in this field. Egy Sat serves all the development fields in Egypt including Agriculture, Industry, Mineral, Planning , environment fields and it is possible to support the development projects in Arab region and Africa. More»
Amwal al Ghad English - 2014-04-14 12:53:06
The Egyptian Information and Communication Technology (ICT)and the Interior Ministries have inked joint cooperation protocol, in the framework of the efforts which exhausted by the country’s devices in order to promote for the governmental sector, especially traffics , due to the highly population and the increase of the industrial and commercial activities. Eng. Atef Helmy , ICT Minister stated that the protocol aims activating the role of ICT and using new technological systems in traffic sector, beside facilitating the services for citizens across republic along with raising the efficiencies of services inside the traffic sector. By May 2014, electronic payment center will be launched in cooperation with the General Prosecutions, Interior and ICT Ministries so as to provide all the facilities regarding making the fully best use of traffic services and dealing with licences and delivering them to homes to ease the burden for them to go to the traffic departments and save time and effort in this regard. More»
Amwal al Ghad English - 2014-04-14 11:02:56
Egyptian Information and Communication Technology (ICT) Minister Atef Helmy announced that it is started to establish 5 technological villages within a few coming weeks in Aswan, Assiut, Beni Suef, Borg El Arab and El Sadat City. The Minister said the growth proportion in ICT before the uprising was 18% annually and it reached 6% in the last year, it is aiming to make it become 10% in this year, in addition there is a plan to make the growth rate reach up 20% by 2018. More»
Nayera Eid - 2014-04-13 14:47:10
National Telecommunication Regulatory Authority (NTRA) has finalized preparing national plan to convert into digital broadcasting for telephone services instead of depending on High-frequencies airway by 2015. Transiting into digital broadcasting comes among the submitted plan by International Telecommunication Union (ITU) , expecting that the total cost will reach up EGP1 billion , Eng. Hesham Alayli CEO of NTRA asserted. Alayli has quoted Amwal Al Ghad Arabic’s Website that the numbers of fixed telephones users without relying on satellite broadcasting services in Egypt ranging between 5-7 million beneficiaries, adding that the tapped investments will be allocated to provide those beneficiaries with reception of digital broadcasts instead of the traditional broadcast. NTRA is targeting to offer auction for the domestic firms for manufacturing these devices locally within months, noting that the new frequencies will be used in the fourth generation for mobile and internet, Alayli noted. More»
Amwal Al Ghad English - 2014-04-13 13:51:58
Egyptian billionaire Naguib Sawiris is ready to invest USD 1 to USD 2 bln in Telecom Italia (TLIT.MI) if its biggest shareholder Telefonica (TEF.MC) pulled out from the Italian phone group, according to newspaper Il Sole 24 Ore,. Sawiris, who unsuccessfully attempted to buy a stake in Telecom Italia in 2012, criticized the presence of the Spanish group because of conflicting interests in Brazil and said Telecom Italia needed cash for investments. Telefonica, which together with three Italian financial institutions controls 22.4 % of Telecom Italia through holding Telco, is a direct rival of Telecom Italia in Brazil. Sources close to Telefonica have said the group would like to break up Telecom Italia's Brazilian unit TIM Brasil (TIMP3.SA) and share its assets with other telecom companies. "In the past I made my calculations and put forward a proposal. I think I would reiterate that: I would be ready to invest 1 to 2 billion dollars," Sawiris said when asked how much would he spend on Telecom Italia if Telefonica withdrew from it. The Brazilian competition watchdog has given Telefonica until mid-2015 to downsize its presence in the south American country, sources close to the matter have said. If Telefonica fails with its plans over Brazil it might have to consider selling its 15 % stake in Telecom Italia to comply with Brazilian authority's demands. "I am waiting until Telefonica makes a decision. I will be patient for a few moths more," Sawiris said. The Italian partners of Telefonica have signaled they could break up Telco in the coming months and eventually sell their stakes in Telecom Italia, weakening the Spanish group's grip over the Italian group. Telecom Italia, which is due to appoint a new board next week, is carrying out a 4-billion-euro plan to cut debt and fund investments as it seeks to reverse years of sluggish growth. More»