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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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 - 2014-11-19 09:35:41
Finland's Nokia (NOK1V.HE) launched a new brand-licensed tablet computer on Tuesday which is designed to rival Apple's(AAPL.O) iPad Mini, just six months after the company sold its ailing phones and devices business to Microsoft (MSFT.O) for over $7 billion. Nokia, a name which was once synonymous with mobile phones until first Apple and then Samsung Electronics (005930.KS) eclipsed the Finnish company with the advent of smart phones, said the manufacturing, distribution and sales of the new N1 tablet, will be handled under license by Taiwan's Foxconn (2354.TW). The aluminum-cased N1, which runs on Google's (GOOGL.O) Android Lollipop operating software but features Nokia's new Z Launcher intelligent home screen interface, is due to be in stores in China in the first quarter of next year for an estimated price of $249 before taxes, with sales to other markets to follow. Sebastian Nystrom, the head of products at Nokia's Technologies unit, said the company was looking to follow up with more devices and will also look into eventually returning to the smartphones business by brand-licensing. "With the agreement with Microsoft, as is customary, we have this transition and we can't do smartphones ... We have a time limit. In 2016 we can again enter that business," Nystrom told Reuters. "It would be crazy not to look at that opportunity. Of course we will look at it." Microsoft last week dropped the Nokia name on its latest Lumia 535 smartphone, which runs on its Windows Phone 8 operating system, but still uses the brand for more basic phones. After the Microsoft sale Nokia was left with its core network equipment and services business plus its smaller HERE mapping and navigation unit and Nokia Technologies, which manages the licensing of its portfolio of patents and develops new products such as the N1 and the Z Launcher. Asked about rumors that Nokia was looking to re-enter the handset market, Chief Executive Rajeev Suri said last week he was looking into ways to bring the brand back into the consumer market through licensing deals. More»
Amwal Al Ghad English - 2014-11-19 09:35:39
Microsoft Corp's Azure cloud-computing service, which hosts websites and lets customers store and manage data remotely, suffered serious outages on Tuesday taking its popular MSN web portal offline. According to Microsoft's Azure status page, the problems started around 5pm Pacific time and have still not been fully solved. "We are experiencing a connectivity issue across multiple Azure Services," the page said. (here#current) "Microsoft is investigating an issue affecting access to some Microsoft services," said a Microsoft spokesperson. "We are working to restore full access to these services as quickly as possible." Azure outages are a serious problem for Microsoft as the company tries to sell its cloud-computing service as a cost-effective and reliable alternative to Amazon.com Inc's competing service called AWS. They are also a headache to the many customers relying on Azure to host websites. That includes Microsoft itself, whose MSN.com site was inaccessible on Tuesday. Microsoft suffered its last major Azure outage in August. More»
Amwal Al Ghad English - 2014-11-19 09:19:18
Microsoft Corp's Azure cloud-computing service, which hosts websites and lets customers store and manage data remotely, suffered serious outages on Tuesday taking its popular MSN web portal offline. According to Microsoft's Azure status page, the problems started around 5pm Pacific time and have still not been fully solved. "We are experiencing a connectivity issue across multiple Azure Services," the page said. (here#current) "Microsoft is investigating an issue affecting access to some Microsoft services," said a Microsoft spokesperson. "We are working to restore full access to these services as quickly as possible."Azure outages are a serious problem for Microsoft as the company tries to sell its cloud-computing service as a cost-effective and reliable alternative to Amazon.com Inc's competing service called AWS. They are also a headache to the many customers relying on Azure to host websites. That includes Microsoft itself, whose MSN.com site was inaccessible on Tuesday. Microsoft suffered its last major Azure outage in August. More»
Nayera Eid - 2014-11-18 15:08:56
Egyptian Information and Communication Technology Minister Atef Helmy revealed that the government will roll out broadband strategy project for cloud computing worth EGP25 million before the end of the current year. Speaking to Amwal Al Ghad on Tuesday, Helmy explained that the project aims to launch cloud for hosting governmental services and the government agreed to pump EGP25 million. It will be finalised the offering of the project within days as a broadband project before the announcement of the huge investment plan that estimated at EGP18 billion, expecting that the project will be in partnership between the public and private (PPP) sectors so that Egypt will transit into global center for hosting storage capacities that based on Egypt's geographical location and make the best use of submarine cables which  pass through Egypt and amounts to 18 cables with an area of 160 thousand meters a global hub. More»
Amwal Al Ghad English - 2014-11-18 10:04:44
Samsung Electronics Co. said it would reduce the number of smartphone models it offers next year, part of a move to cut costs to combat declining profit. The South Korean technology major said it would cut the number of models by about 25% to 30%, Robert Yi, head of investor relations, said during a presentation in New York. His remarks were confirmed by a company spokesman Tuesday. Samsung didn't disclose the exact number of models that would be affected by the reduction. The decision to streamline its large smartphone portfolio came as the company seeks to cut costs to better compete with cheaper models, mainly from Chinese smartphone makers such as Xiaomi Inc. In October, Samsung reported a 49% drop in its third-quarter net profit. Executives have vowed to make its operations more cost efficient. Samsung will "increase the number of components shared across mid- to low-end models, so that we can further leverage economies of scale," an executive at the company's mobile division said during an earnings call last month. Having fewer models will allow Samsung to better manage its inventory and supply chains, analysts say, at a time when demand for its Galaxy smartphones is waning. Robert Cihra, an analyst for Wall Street firm Evercore ISI who attended the session, praised the move, saying it was "about time" that the company trimmed the number of smartphone models that it markets to focus more on lowering costs. "It is likely to help Samsung reduce costs, which is imperative to stabilizing their margins," Mr. Cihra said. After maintaining smartphone operating-profit margins above 15% for 10 consecutive quarters, Samsung's margins from its mobile and information technology business were squeezed to just 7% in the third quarter ended September--the lowest level since the end of 2008, before it launched its first Galaxy smartphone. Acknowledging the slide in margins, Samsung executives said during an earnings call last month that its new goal is to maintain a sustainable double-digit percentage margin starting in the new year. They reiterated that pledge during this week's investor day meeting. In a note to clients published shortly after the end of the investor day, Mr. Cihra argued that even that goal may be too optimistic, given pressure from low-cost Chinese handset makers, including Xiaomi and Huawei Technologies Co. Mr. Cihra estimates that Samsung's margins are likely to remain below 10% next year. More»
Amwal Al Ghad English - 2014-11-18 09:34:30
Samsung Electronics Co. (005930) is giving Sony Corp. (6758) a lesson in quick decision-making by moving engineers from its smartphone unit less than a month after posting a profit slump in the business. Samsung is transferring about 500 workers from mobile phones and allocating them largely to the Internet of things initiative, according to people familiar with the matter. Sony Chief Executive Officer Kazuo Hirai today told investors about targets for higher entertainment earnings after previously saying the company has been slow in adapting to change. The move highlights Samsung’s ability to make speedy decisions at its biggest business even as Chairman Lee Kun Hee remains hospitalized, a contrast to Sony’s struggle to revive the phone unit since buying out Ericsson AB’s share in 2012. The Korean company’s mobile division was responsible for Samsung last month reporting its lowest quarterly profit since 2011. “Unlike its Japanese peers, at Samsung its chairman’s plans are executed fast,” Atul Goyal, a Singapore-based analyst at Jefferies Group LLC, said in a telephone interview yesterday. “Being family-controlled has worked in their favor.” Operating profit at Samsung’s mobile unit slumped to 1.75 trillion won ($1.6 billion) in the three months ended September from a record 6.7 trillion won a year earlier. Sony’s mobile communications unit lost 172 billion yen ($1.5 billion) in the period, after booking a one-time charge. More»
Amwal Al Ghad English - 2014-11-17 10:10:09
Ericsson and Etisalat Egypt, the Egyptian arm of UAE’s telecom group Etisalat, celebrated the completion of their project providing Etisalat subscribers with more flexible on-demand data subscriptions to mobile broadband and ADSL services. As part of their ongoing efforts to provide better services to mobile broadband and ADSL subscribers, Etisalat Egypt and Ericsson replaced the operator’s previous Policy and Charging Rule Function (PCRF) with the Ericsson Service-Aware Policy Controller (SAPC). Etisalat Egypt will use Ericsson’s Integrated Policy and Charging (EIPC) solution to enhance the services the operator is able to offer to both mobile broadband and ADSL internet subscribers. The EIPC solution will now enable subscribers to request and update account information and stay informed about costs, balances and bonuses in real-time. These capabilities, considered crucial to subscribers today, will ensure that subscribers are aware of what they are paying for, what they get in return and exactly how much each service costs. This new solution will allow Etisalat Egypt’s customers who subscribe to both ADSL and mobile broadband to merge the subscriptions into one bundle. Therefore, users will be able to access the internet from different devices such as their tablet, laptop or mobile device, with the same subscription fee. In addition to software solutions, Ericsson provided professional systems integration services to meet Etisalat Egypt’s requirements. These services included supply, installation, testing and commissioning of the new PCRF (Ericsson SAPC), swapping out the existing PCRF, and integration with the charging system. Khalid AlMansouri, Chief Information Technology Officer at Etisalat Egypt says: “Providing our subscribers with the most advanced services is essential for Etisalat Egypt to achieve its long-term vision for both our business and the industry in Egypt. We are pleased to be working with Ericsson once again and through strategic collaboration we have been able to provide enhanced services and packages to best serve our subscribers.” Rafiah Ibrahim, President of Ericsson Region Middle East, says: “With today’s growing internet subscribers’ demands, end users are expecting to have full control on their internet usage via their different devices anywhere and anytime. Ericsson’s solution enables operators to do so offering their subscribers an enhanced subscriber experience. This latest collaboration between Etisalat Egypt and Ericsson is a testament to our successful partnerships, and I hope that Etisalat continues to place its trust in our solutions and services in the future.” More»
Amwal Al Ghad English - 2014-11-17 08:08:24
Apple Inc's app store in China now accepts payments made using China's UnionPay credit and debit cards, the iPhone maker said on Monday, making purchases easier for users in Apple's second-largest app market. "The ability to buy apps and make purchases using UnionPay cards has been one of the most requested features from our customers in China," said Eddy Cue, Apple's senior vice president of Internet Software and Services, in a statement. Apple has tried to drive the adoption of mobile payments on its platforms, but China's complex banking payment system makes it difficult to carry out any kind of online payment. Before UnionPay was added, Apple mainly relied on a top-up system for its app store in China, with a 50 yuan ($8.16) minimum value. The UnionPay payment option means money is transferred directly from a bank account for the exact amount of each purchase. Source : Reuters
Nayera Eid , Wael Al Toukhy - 2014-11-16 11:39:19
Managing Director and CEO of ISYS Kuwait Group Eng. Mohamed Al Rasheedy revealed that his company is planning to cooperate with the National Bank of Egypt (NBE) and the Central Bank of Egypt (CBE) within the upcoming period in order to provide electronic payment and the provision of Financial Inclusion Services. Al Rasheedy rejected to disclose any details regarding the cooperation until the negotiations will be completed, stressing on the negotiations' success to establish electronic link network of payment services as well as Keeping pace with the global development of data services. ISYS has previously inked cooperation protocol with Arab African International Bank (AAIB), however, it did not announce for an actual services in the framework of the agreement signed last year,  Al Rasheedy explained. The company's commitment to cooperate with the Egyptian government as well as the cooperation with Information and Communication Technology Ministry to make the best use of the government's subsidiary, he asserted. More»
Nayera Eid - 2014-11-16 10:06:56
The International Finance Corporation (IFC), a member of World Bank Group, plans to participate in funding the construction of ten buildings in the technological zone in Maadi, Southeast of Cairo. Speaking to Amwal Al Ghad on Sunday, Mohamed Abdel Wahab - Chairman of Maadi Technological Zone – said IFC would take part in funding the ten new technological buildings within the coming year. IFC had already participated in developing services projects in the technological zone under the Public-Private-Partnership (PPP) system, the Egyptian official noted, referring to the Corporation’s genuine interest in the zone. Maadi Technological Zone is situated on 75 feddans, with the aim of contributing to the development and increase of ICT exports through the Egyptian IT and outsourcing companies, in order to meet the demanding growth of the ICT industry and the export of ICT services to various international and local companies across the world. The project is scheduled to provide 40.000 direct in addition to 57.000 indirect jobs. IFC’s commitments in Egypt have reached more than US$1 billion since 2011. IFC, the private-sector lending arm of the World Bank Group, committed around $4 billion to support economic development in the Middle East and North Africa (MENA). More»