amwalalghad :: Tech news

Your English Portal To Arab Economy

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 - 2014-03-30 14:11:11
Eng. Atef Helmy, Egyptian Information and Communication Technology Minister asserted that the international cooperation has a great importance in facing cyberspace and cyber crimes and preventing digital identity privacy. This Came within the Minister’s keynote speech at ITU's sixth World Telecommunication Development Conference (WTDC) will take place in Dubai, United Arab Emirates, adding that telecommunication is a mainly right for each individual, as it’s the most important instrument for effecting and changing societies, beside raising the awareness of various categories. Egypt is now working in close coordination with the Arab Regional Office of the International Telecommunication Union, to take the necessary steps towards our desire to host a regional center for persons  with disabilities aiming to study and develop better ways to adapt the information and communications technology to serve persons with disabilities. More»
Amwal Al Ghad English - 2014-03-29 08:11:42
A U.S. judge on Friday rejected a request from Apple, Google and two other tech companies to avoid a trial in a class action lawsuit alleging a scheme to drive down wages. Tech workers sued the companies alleging they conspired to avoid competing for each other's employees in order to avert a salary war. Trial is scheduled to begin in May. Apple, Google, Intel and Adobe asked for a judgment in their favor without a trial, arguing that any no-hire agreements between the companies were reached independently, and were not part of an overarching conspiracy. U.S. District Judge Lucy Koh in San Jose, Calif., however, rejected that argument. "That the agreements were entered into and enforced by a small group of intertwining high level executives bolsters the inference that the agreements were not independent," wrote Koh. A representative for Adobe could not immediately be reached for comment. An Intel spokesman said the company is studying the ruling, and representatives for Google and Apple declined to comment. More»
Amwal Al Ghad English - 2014-03-29 07:59:16
A federal judge in New York granted class certification on Friday to a group of consumers who sued Apple Inc for conspiring with five major publishers to fix e-book prices in violation of antitrust law.  U.S. District Judge Denise Cote said the plaintiffs had "more than met their burden" to allow them to sue as a group. She rejected Apple's contentions that the claims were too different from each other, or that some plaintiffs were not harmed because some e-book prices fell. "This is a paradigmatic antitrust class action," wrote Cote, who has scheduled a trial later this year to determine damages, which could reach hundreds of millions of dollars. An Apple spokeswoman declined to comment.  In July 2013, Cote found the technology company liable for colluding with the publishers after a separate non-jury trial in a case brought by the U.S. Department of Justice. Cote found that Apple took part in a price-fixing conspiracy to fight online retailer Amazon.com Inc's dominance in the e-book market. Apple is appealing that decision.  More»
Nayera Eid - 2014-03-27 14:36:18
Fawry Electronic Bill Service is targeting to ink pact with two banks to facilitate recharging Mobile Wallet portfolio for the customers within the next April. Eng. Ashraf Sabry, CEO of Fawry said his firms will sign with 2 banks contract regarding recharging Mobile Wallet, rejecting to unveil the banks’ names until the measures of contracts have done. Fawry is currently providing the service to 3 mobile operators concerning facilitating the money transferred or transferring the money through Fawry’s payment points, noting that Fawry contracted with the National Bank of Egypt to provide the service via its points which reached 42.000. The regulations which put by the Central Bank of Egypt which related to ‘Money Transfer Via Mobile Phone’  service revealed that the bank’s role is to keep on Monetary deposits for the operations of issuing e-money units and to make sure that these operations will combat money laundering and terrorist financing issued by the central bank. More»
Amwal Al Ghad English - 2014-03-27 07:29:00
Sony Corp said on Thursday that it would book about a 5 billion yen ($48.9 million) profit in the next fiscal quarter on the sale of Tokyo property, its second disposal announced this month as it sheds assets under a turnaround plan. The gain will be posted as operating profit for the first quarter of the business year that begins on April 1, Sony said. Sony has been selling off assets and restructuring loss-making divisions, including its TV operations, as it tries to restore its struggling consumer electronics business to profitability. The consumer electronics company announced on March 7 the disposal of a Tokyo property for 16.1 billion yen and that it would book a 10 billion yen operating profit from the sales in the next fiscal quarter. More»
Amwal Al Ghad English - 2014-03-27 07:28:32
South Korea's three mobile carriers have brought forward the launch of Samsung Electronics Co Ltd's flagship Galaxy S5 smartphone to Thursday, in a bid to cushion the blow from a sales suspension slapped on the operators. Regulators have banned SK Telecom Co Ltd, KT Corp and LG UPlus Corp from signing up new customers or replacing phones for some existing customers for various periods totaling 45 days between March 13 and May 19. The bans coincide with the planned global launch of Galaxy S5 on April 11, and sparked concerns that the key model could get off to a slow start in its home market. The model already lacks sweeping hardware improvements and faces intensifying competition from smaller competitors at home and abroad. SK Telecom, South Korea's biggest mobile carrier, said it started to offer the Galaxy S5 at 866,800 Korean won ($810) on Thursday, cheaper than its predecessor. The carrier has just over a week before it is forced to suspend attracting new customers, or some existing ones, from April 5 to May 19. Its smaller rivals KT and LG UPlus, which are already under sales restrictions, have also started selling the phone to customers not covered by bans. The global sales of Galaxy S4 were weaker than expected, pulling down Samsung's earnings in October-December when the world's top smartphone maker lost market share to Apple Inc's iPhone 5S in the United States and Japan. More»
Amwal Al Ghad English - 2014-03-26 16:29:36
Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal. The acquisition, which comes hot on the heels of its $19 billion deal for messaging service WhatsApp, marks a big bet byFacebook to anticipate the next shift in an evolving technology industry, at a time when consumers are increasingly abandoning their PCs for smartphones. The world's largest social network was deemed late to recognize the shift to mobile devices and the company's revenue has only recently begun to recover from the late start. Many in the industry believe that wearable devices could represent the next big platform shift. Google Inc has been testing Google Glass, a stamp-sized electronic screen mounted to a pair of eyeglasses for several years. Last week, it introduced an effort to develop computerized wristwatches. On Tuesday, Facebook said virtual-reality technology could emerge as the next social and communications platform. "The history of our industry is that every 10 or 15 years there's a new major computing platform, whether it's the PC, the Web or now mobile," Facebook co-founder and Chief Executive Mark Zuckerberg said in a conference call with analysts and media on Tuesday to discuss the acquisition. "We're making a long-term bet that immersive, virtual and augmented reality will become a part of people's daily life," the 29-year-old Zuckerberg said, noting that wearing the Oculus goggles was "different than anything I've ever experienced in my life." Zuckerberg said Facebook was not interested in becoming a hardware company and did not intend to try to make a profit from sales of the devices over the long term. Instead, he said Facebook's software and services would continue to serve as the company's underlying business, potentially generating revenue on Oculus devices through everything from advertising to sales of virtual goods. While Oculus will operate as an independent company, Zuckerberg stressed that Facebook's plans for Oculus extended well beyond games. "Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face - just by putting on goggles in your home," he said. In addition to game makers, Oculus has garnered some interest from developers keen on creating apps in areas like architecture, automobiles, marketing and education, the company has said. Shares of Facebook, which have risen 25 percent in the past six months, were down nearly 1 percent at $64.36 in late trading on Tuesday. Facebook's recent spate of acquisitions is somewhat concerning, RBC Capital Markets analyst Mark Mahaney wrote in a note to investors on Tuesday. But he said that for a company of Facebook's size, the deal did not seem "irrational." "The question this time is whether Facebook is too early or simply betting on the wrong platform. This won't be known for some time. But if it gets the platform right, we're relatively confident that Facebook will develop an effective monetization strategy for it, thus boosting its overall financial growth," Mahaney said. HAPPY, GO LUCKEY The acquisition makes Oculus VR one of the most successful companies or projects to ever emerge from the fledgling Kickstarter program, which has helped attract small investments from the public for everything from the Pebble smartwatch to the recent "Veronica Mars" movie. Oculus VR, founded by Palmer Luckey, a self-described virtual-reality enthusiast and hardware geek, got its start as a Kickstarter-funded program, drawing small investments from thousands of people on the popular fund-raising platform. It quickly drew attention to its "Oculus Rift" virtual-reality glasses, demoed at tech and gaming conventions around the country. Oculus VR raised $75 million in December in a round led by Andreessen Horowitz, to market its virtual-reality headset for video games and develop the product for use in areas like education, film, architecture and design. Andreessen Horowitz partner Marc Andreessen, who is also on Facebook's board, said in a tweet on Tuesday that he was recused "on both sides" of the Facebook Oculus deal. Other venture capital backers included Spark Capital, Formation 8 and Matrix Partners. Oculus now employs more than 100 people and has distributed some 75,000 software development kits for Oculus Rift to game developers and others. It recently began taking orders for new software development kits with better graphics and features to reduce motion sickness - a frequent complaint of the old prototype - slated to ship in July for $350 apiece. Oculus plans to produce commercial versions of its virtual-reality glasses, called Oculus Rift, which users mount on their heads with a strap. It also hopes to take its technology beyond gaming. "Virtual reality creates a canvas that is much richer than anything we've seen in computing so far," Antonio Rodriguez, Oculus board member and general partner at Matrix Partners said in an interview with Reuters on Tuesday. He said virtual reality presents an opportunity to re-imagine various tasks and social interactions in areas like medicine and education. So far, "people have done all sort of apps (outside gaming) like body switching apps, where two bodies are scanned and you can switch identities. Last week, Sony unveiled a prototype for a new virtual-reality headset accessory for its Playstation 4 games console at the annual Game Developers Conference in San Francisco. The headset, still in development under the name "Project Morpheus", is designed to provide an immersive experience for gamers and is poised to compete with Oculus' Rift once both devices are on the market. DEAL SPREE The deal, which Facebook said is expected to close in the second quarter, marks the company's second multi-billion dollar acquisition since mid-February. Zuckerberg said on the call the two deals involved "incredibly rare companies" and that Facebook was unlikely to continue making big acquisitions at a similar pace. Facebook ended 2013 with $11.45 billion in cash and marketable securities. The company's $19 billion acquisition of WhatsApp includes $4 billion in cash. The Oculus deal comprises $400 million in cash and 23.1 million shares of Facebook common stock. Finance Chief David Ebersman said the price of the deal was based primarily on the gaming business, but that Facebook believed the technology could be worth "multiples" of the purchase price if Facebook succeeds in extending it into other areas such as entertainment and communications. More»
Nayera Eid - 2014-03-26 15:06:18
Morpho S.A. a French multinational company of Safran is planning to complete the installation and operation of four electronic portals at Cairo airport to facilitate the entry and exit with total cost worth US$2 million. The general manager of Morpho Egypt, Walid Fouad said his company contracted with Cairo airport since 2006 to provide them with those portals, pointing out that the authorities disrupted installations and operations. Fouad asserted that e-portals will allow for the passengers to register the entry and exit without passing  through Passport offices, noting that this service will helps the passengers to finalize all the measures in short time. Meanwhile, 65000 employees are working in Safran group across republic and its revenues reached approximately €16 billion, Morpho Egypt Company is a subsidiary of French group Safran. More»
Amwal al Ghad - 2014-03-25 15:05:49
The Information and Communication Technology Ministry has decided to delay the press conference for the announcement of integrated operator license to be on April2, noting that it was scheduled that the press will hold tomorrow Wednesday. The Ministry said the delay is due to the postponing of the National’s Telecommunication Regulatory Authority (NTRA) board of directors because of some urgent in order to take executive measures for activating the integrated license. The presence of some telecommunication firms outside Egypt and their inability to catch up the global press conference, which was planned to hold tomorrow March26 to announce the details of the Integrated license. More»
Amwal Al Ghad English - 2014-03-24 13:53:01
Hesham el-Alaily, Head of the National Telecommunications Regulatory Authority (NTRA), revealed  that the NTRA will allow Telecom Egypt (ETEL.CA) after it receives its Mobile license a limited time period to negotiate with Vodafone about the most appropriate solution for its exit from Vodafone Egypt according to Reuters. Egypt's Telecommunications Minister Atef Helmy said on Sunday the country's long awaited unified telecom license for both mobiles and landlines will be activated within three months. El-Alaily added that the unified license will be activated in June but Telecom Egypt can start its mobile service when it’s ready. The licence would allow telecommunication companies to operate fixed-line and mobile networks, which would in turn allow Egypt's fixed-line monopoly Telecom Egypt to offer mobile services. "The unified telecom licence will be activated before June 30, 2014," Helmy said, speaking at an industry event in Cairo, adding that the Cabinet has approved the licence and that details will be revealed at a news conference on Wednesday. Egypt's three existing mobile phone service providers are Vodafone Egypt, Mobinil and Etisalat Egypt which have been eating away at Telecom Egypt's fixed-line services as more Egyptians opt to use mobile phones and the internet instead. Telecom Egypt has a 45% stake in Vodafone Egypt. More»