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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

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»
Nayera Eid - 2014-01-28 13:31:26
Eng. Atef Helmy Egyptian Telecom Minister decided to reduce the salaries of employees who are working in the supreme departments in the Ministry with proportion ranging between 10-18% and using this liquidity to boost the salaries of the lowest workers. Helmy explained that the decision is currently applying only for Cabinet of Ministry, noting it started calling the parties affiliated such as the National Telecommunication Regulatory Authority (NTRA) and Information Technology Industry Development Agency (ITIDA) in order to activate the decision. He asserted that Telecom Egypt (TE)(ETAL-CA) shall not submit to any measure as it is an independent firm. He said the decision didn’t relate to minimum and maximum wages which actually applied from this month. More»
Nayera Eid - 2014-01-28 12:00:59
The Egyptian Telecom Minister Atef Helmy has met Dr. Ahmed Galal the Minister of Finance in order to review Digital Documentation Project of Public Notary for implementing by PPP system, noting that it is expected for the project to start within short period. Helmy explained that it was agreed with the Finance Minister to reduce the salaries of the Ministry’s executive management in favor of lower employees. He noted that it was agreed to appoint 490 temporary employees in the Ministry during the meeting of yesterday with the Finance yesterday. More»
Amwal Al Ghad English - 2014-01-28 10:52:57
Eng. Mohamed Al-Nawawi, CEO of Telecom Egypt (TE)(ETAL-CA) said his company will participate in establishing submarine cable Asia-Africa-Europe 1 (AAE-1) in cooperation with 16 firms of the most prominent submarine cables across the world in order to connect the three Continents. AAE-1 is a new submarine cable 15000km submarine cable connecting fastest growing economies in Asia, Africa and Europe, with cable landing stations in Singapore, Malaysia, Myanmar, India, Pakistan, Oman, UAE, Djibouti,Egypt, Greece, France. The AAE-1 cable is going to open a new era to promote the broadband market across Asia, Africa and Europe, expecting that this cable will be launched by 2016. More»
Amwal Al Ghad English - 2014-01-28 08:09:25
Lower-than-expected holiday iPhone sales and a weak revenue forecast by Apple Inc renewed fears about Chinese demand and a tepid global market, wiping 8 percent off company stock.This year was to have been Apple Inc's watershed moment in China, when a long-awaited deal with the nation's largest carrier was to have propelled it back toward the top ranks of its most crucial market, clawing back ground from rival Samsung Electronics. Instead, the forecast for the March quarter - when Apple is expected to have reaped the fruits of that long-awaited deal - raises questions of whether investors had over-estimated that arrangement, and broader concerns about flagging demand for smartphones and tablets in general. "There's no doubt that shipments (to China Mobile) are lower than almost anybody expected," said Pacific Crest Securities' Andy Hargreaves. Globally, "the high-end smartphone and tablet markets are saturated, and that's not going to grow." The world's most valuable technology company sold a record 51 million iPhones in the quarter, but that was still shy of the 55 million or so that analysts had expected. More»
Nayera Eid - 2014-01-27 13:17:10
Eng. Atef Helmy Egyptian Telecom Minister revealed that the Ministry is currently signing the final contracts with the Ministries that benefited from broadband strategy with EGP16.8 billion total cost for the first phase within 5 years. Helmy has informed Amwal Al Ghad that the Ministry finalized all the conditions concerning the broadband strategy with EGP350 million cost, stressing that many ministries will make the best use of this project including education, health and transportation. He  asserted that a pilot project includes 1062 schools, 896 youth centers, 340 hospitals in addition 57 scientific research centers, Investment budget for this project estimates EGP350 million which will be financed through the fund for NTRA from the total expected investments in order to achieve the targets of phase I which up EGP16.8 billion. Eng. Hesham Alayli CEO of National Telecommunication Regulatory Authority (NTRA) revealed offering pilot project for broadband strategy by the end of the current month with total cost EGP350 million. More»