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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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 - 2014-06-16 08:10:26
Vodafone (VOD.L) said on Monday it had agreed to buy an Italian provider of electronics services to the car industry for 145 million euros ($197 million) as part of its strategy to start connecting devices such as cars and other machines. The British company said it had agreed to buy Cobra Automotive Technologies, a provider of security, telecommunications and vehicle tracking. Vodafone, like other mobile operators, is looking to expand into the so-called machine-to-machine industry to connect millions of devices, as a new source of revenue. More»
Amwal Al Ghad English - 2014-06-15 09:16:29
IBM Egypt Corporation will be launching today an initiative for hosting 100 Egyptian software companies on its cloud computing network. This initiative will develop new skills for cloud computing and to find the most needed applications and software, the firm is working in more than 200 countries across republic. More»
Amwal Al Ghad English - 2014-06-15 08:25:43
Pictures of what the iPhone 6 would allegedly look like has made its way into the wild, and shows the rumored 5.5-inch variant. Just this April, an image on what's said to be the iPhone 6 made its way online, and is said to be thinner, and include a bulging camera. Now, over on Twitter, reputable Apple leaker Sonny Dickson has posted what he says are pictures of Apple's next iPhone models. In the image, we can clearly see a standard-sized model that's sized at 4.7, and a bigger variant that's 5.5-inches. While fake images are almost always a possibility, Dickson has correctly leaked images of the iPhone 5C that turned out to be the real deal. Before you assume that Dickson has units on hand, he confirmed that the iPhones pictured are dummy phones. Keep in mind that even if Dickson has been right in the past, there's still a very good possibility that the final design could change. If history is any indication, Apple should be revealing the latest iteration of the iPhone very soon for an expected late summer or early fall release window. More»
Amwal Al Ghad English - 2014-06-14 07:33:02
Intel Corp. (INTC)’s stock soared to its highest level in more than a decade, fueled by an improved sales forecast as companies start spending more to upgrade their aging computer systems. The stock today jumped 6.8 percent to close at $29.87, the highest level since February 2004, after the world’s largest semiconductor maker raised its second-quarter revenue projection yesterday after the markets closed. Intel also said annual sales will increase for the first time since 2011, buoyed by improving business demand for personal computers. The higher forecast provides another hint of optimism in the PC industry, where Intel gets most of its revenue, after two straight years of declining global shipments. Even as consumers shun PCs in favor of mobile devices, demand for Intel’s microprocessors is getting a lift as companies replace aging computer systems, said Ian Ing, an analyst at MKM Partners. “In the short to medium term, it looks like the market has stabilized, and business and corporate PCs are driving a lot of strength,” said Ing, who has the equivalent of a hold rating on Intel stock. “It’s really a nice positive for them, even without needing the consumer to come back yet.” More»
Amwal Al Ghad English - 2014-06-12 12:01:08
Intel U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06 billion euro ($1.44 billion) European Union fine handed down five years ago, as Europe's second highest court said regulators did not act too harshly. The European Commission in its 2009 decision said Intel tried to thwart rival Advanced Micro Devices (AMD) by giving rebates to PC makers Dell, Hewlett-Packard Co, NEC and Lenovo for buying most of their computer chips from Intel. The EU competition authority said Intel also paid German retail chain Media Saturn Holding to stock only computers with its chips. Judges at the Luxembourg-based General Court said on Thursday they backed the Commission's decision. "The Commission demonstrated to the requisite legal standard that Intel attempted to conceal the anti-competitive nature of its practices and implemented a long term comprehensive strategy to foreclose AMD from the strategically most important sales channels," the court said in a near 300-page decision. Judges said the EU watchdog had not been heavy-handed with the level of the fine, equal to 4.15 percent of Intel's 2008 turnover, versus a possible maximum of 10 percent. While Commission penalties rarely hit the top figure, the rising level of fines is a source of worry for many companies. More»
Amwal Al Ghad English - 2014-06-12 07:41:58
Emirates Telecommunications Corp. (ETISALAT) raised $4.3 billion in its first-ever bond sale as the United Arab Emirates phone company seeks funds for its acquisition of Maroc Telecom. The offering includes 1.2 billion euros ($1.62 billion) each of seven-year and 12-year securities, according to two people with knowledge of the sale, who asked not to be identified because the information is private. That’s the biggest ever sale of bonds from a Gulf Cooperation Council borrower denominated in the European single currency, according to data compiled by Bloomberg. Proceeds from the phone operator’s debut bond sale will go toward refinancing a 2.1 billion-euro bridge loan taken to buy the 53 percent stake in Maroc Telecom in November, Chief Financial Officer Serkan Okandan said in April. The seven-year debt priced to yield 80 basis points over the benchmark midswap rate, and the spread on the 12-year bonds was 110 basis points over the benchmark, according to the people. “This is strong pricing, it’s more expensive than the Abu Dhabi government bond but less expensive than Dubai’s,” Mohammed Ali Yasin, managing director of NBAD Securities LLC, said by telephone from Abu Dhabi today. “Etisalat is a cash-rich company, and their Maroc Telecom plan will become a success story like they had in Saudi Arabia and Egypt.” More»
Nayera Eid - 2014-06-11 13:55:11
Egyptian Company for Mobile Services (Mobinil) (EMOB) selected four firms among the final list of acquisition bid of the company’s transmission towers. Mobinil Managing Director Ive Gotieh said his company is planning selecting one of the companies by the end of next July stressing that the bid includes firms operating in the market and others did not operate in the Egyptian market. Gotieh spoke to Amwal Al Ghad explaining that his company targets through selling part of its assets. Mobinil incurred around EGP177 million losses in the first quarter of the ongoing year. The company which will win the bid, will rent or sell the transmission towers to the operators 'Vodafone and Etisalat', Gotieh pointed out. More»
Amwal Al Ghad English - 2014-06-11 07:24:04
Uber Technologies Inc., the car-sharing service that’s rankling cabbies across the U.S., is facing its biggest protest yet from European drivers who say the smartphone application threatens their livelihoods. More than 30,000 taxi and limo drivers from London to Milan plan to cause traffic snarls in tourist centers and shopping districts. They are asking regulators to apply tougher rules on San Francisco-based Uber, whose software allows customers to order a ride from drivers who don’t need licenses that can cost 200,000 euros ($270,000) apiece. While similar demonstrations this year have led to smashed windshields and traffic chaos in Paris, a united front in Europe highlights the challenges for Uber’s expansion plan after a funding round that values the company at $17 billion, almost five times the figure in an earlier round. Out of some 128 cities it serves, only 20 are in Europe, including Manchester, Lyon and Zurich.“European cities have tended to regulate taxi drivers much more than the U.S.,” said Charles Lichfield, an analyst at Eurasia Group in London. “I do think the protests have a better chance of succeeding.” More than 3,000 Parisian drivers are planning to block the Charles de Gaulle and Orly airports as well as the A1 highway that circles the French capital starting at 6 a.m. local time, according to the FNAT taxi association in France. More»
Nayera Eid - 2014-06-10 13:37:34
Fawry Electronic Bill Service seeks postponing expanding in UAE market by the end of the current year instead of the current time. The new model which will be adopted by Fawry in UAE is different in compared to Egypt's model and this leads to the postponement, Eng. Ashraf Sabry CEO said. The new model of UAE will focus on boosting technology and the complicated services rejecting to disclose the number of targeted points, Sabry noted. Fawry obtained US$6 million throughout the International Finance Corporation (IFC)  in the mid of the last year. The number of Fawry's payment points reached 45.000 points across republic. More»
Amwal Al Ghad English - 2014-06-10 07:45:24
A 3 billion-euro ($4 billion) price gap is standing in the way of a possible merger of France’s third- and fourth-largest mobile carriers. Iliad SA (ILD) made an informal offer of between 4 billion and 5 billion euros in recent weeks to buy Bouygues Telecom, people familiar with the matter said. Bouygues Telecom’s owner, Bouygues SA (EN), is seeking about 7 billion euros to 8 billion euros for the division, leaving the discussions at a standstill, they said. The people asked not to be identified because the discussions are confidential. Europe’s phone companies are trying to combine as costs rise for high-speed fourth-generation networks and the pace of smartphone adoption slows. In one of Europe’s most competitive markets, a combination of Bouygues and Iliad, owner of the Free brand, would likely face fewer antitrust obstacles than a combination between Bouygues and market leader Orange (ORA) SA. A representative for Iliad declined to comment. A spokesman for Bouygues declined to comment on an Iliad offer, saying only that all options are on the table and the company favors a standalone strategy for its mobile unit. Bouygues shares dropped 0.5 percent to 34.14 euros at 9:06 a.m. in Paris. Iliad slipped 0.3 percent to 238.05 euros. Orange lost 1.4 percent to 12.63 euros. More»