amwalalghad :: Tech news

Your English Portal To Arab Economy

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 - 2013-11-21 08:35:48
Ericsson AB (ERICB), the world’s biggest supplier of wireless-networks equipment, said Vodafone Group Plc (VOD)’s plan to boost investments in infrastructure is a boon to the industry. “If we are able to win the right footprint when companies like Vodafone modernize their network, that is good for us,” Ericsson Chief Financial Officer Jan Frykhammar said at a conference yesterday in Barcelona. “If they upgrade and continue with the same vendor, that should also be good.” Ericsson is battling Nokia Oyj (NOK1V) and China’s Huawei Technologies Co. for contracts as carriers expand and upgrade their networks to support rising mobile video, music and data traffic. While revenue in the third quarter declined in North America and Japan as large coverage projects peaked, the European market is starting to shrug off effects of the financial crisis and carriers are spending more. Ericsson, a supplier to Vodafone, is encouraged to see the carrier’s plan to invest more than 19 billion pounds ($31 billion) on its networks by 2016, Frykhammar said. The Stockholm-based equipment and services supplier is “heavily engaged” with Vodafone, he said. More»
Nayera Eid - 2013-11-19 11:42:29
Cairo Contact Center Park in Maadi has called on many real estate developers who are operating in UAE market in order to invest and launch several numbers of new buildings in the region. Eng. Mohamed AbdelWahab, Chairman at Cairo Contact Centers Park in Maadi, said the calling came on the sidelines of the recent visit of the Telecom Minister to UAE, asserting that the real estate developers in UAE have comprehensive experience and enable them to new buildings in the region with global designs. He pointed out that the prices of Cairo Contact Centers are approach to world prices, noting that buildings meter prices are ranging between $11-13 per-meter monthly and 20-30% maintenance services. He explained that the company has another type of allocation based on usufruct system for 49 years to ensure non-use of land areas for exploiting it in order to achieve capital profits. In March 2008, Prime Minister decreed the establishment of the Cairo Contact Center Park in Maadi to host Egyptian and international BPO companies based on the usufruct system. More»
Amwal Al Ghad English - 2013-11-19 10:32:34
Apple Inc. (AAPL) can pursue a ban on sales of some Samsung Electronics Co. products found to infringe its patents on smartphone features, after winning a U.S. appeals court ruling. The patents cover features that Apple says make its iPhone unique, such as multitouch technology. The Cupertino, California-based company can’t block Samsung products for infringing patented designs, the U.S. Court of Appeals for the Federal Circuit said in an opinion posted today on its website. The ruling gives Apple another chance to curb sales of its top competitor in the $279.9 billion market for smartphones.Apple must prove the features were a factor customers used in selecting which smartphone to buy, though it doesn’t have to show that it was the single driving factor, the court ruled. The trial judge, in rejecting Apple’s request for a sales block on Samsung phones, said Apple would have to prove that each feature drove sales of smartphones. “To the extent these statements reflect the view that Apple was necessarily required to show that a patented feature is the sole reason for consumers’ purchases, the court erred,” the three-judge panel in Washington ruled. “Rather than show that a patented feature is the exclusive reason for consumer demand, Apple must show some connection between the patented feature and demand for Samsung’s products.” More»
Amwal Al Ghad English - 2013-11-19 08:24:11
Nokia shareholders are expected to approve the sale of its mobile phone business to Microsoft on Tuesday, with the deal's financial benefits likely to outweigh resistance from a minority of investors upset over the sale of a Finnish national icon. Nokia agreed in September to sell its devices and services business and license its patents to Microsoft for 5.44 billion euros ($7.36 billion) after failing to recover from a late start in smartphones. The sale, which is expected to close in the first quarter of next year after regulatory approvals, is set to boost Nokia's net cash position to nearly 8 billion euros from around 2 billion in the third quarter and allow it to return cash to shareholders, possibly through a special dividend. Without the loss-making handset business, the remaining company will earn over 90 percent of sales from telecom equipment unit Nokia Services and Networks (NSN) and will also include a navigation software business and a trove of patents. Since the Microsoft deal was announced, Nokia shares have doubled, closing at 6.00 euros on Monday. Last year, they fell as far as 1.33 euros, a level not seen since 1994, on worries the mobile phone business would burn through cash before it could ever catch up with rivals such as Samsung Electronics and Apple Inc. More»
Amwal Al Ghad English - 2013-11-18 08:13:11
Apple has bought PrimeSense, an Israeli maker of chips that enable three-dimensional (3D) machine vision, for $345 million, the Calcalist financial newspaper reported on Sunday without citing sources. PrimeSense has raised $85 million from Israeli and U.S. venture capital funds such as Canaan Partners Global, Gemini Israel and Genesis Partners, Calcalist said. "We are focused on building a prosperous company while bringing 3D sensing and natural interaction to the mass market in a variety of markets such as interactive living room and mobile devices," a spokeswoman for PrimeSense said. "We do not comment on what any of our partners, customers or potential customers are doing and we do not relate to rumors or recycled rumors." PrimeSense's sensing technology, which gives digital devices the ability to observe a scene in three dimensions, was used to help power Microsoft's Xbox Kinect. The acquisition of PrimeSense would be Apple's second purchase of an Israeli company. It bought flash storage chip maker Anobit in January 2012. More»
Nayera Eid - 2013-11-16 14:05:31
Mohamed Al-Nawawi, CEO of Telecom Egypt (TE)(ETAL-CA), said the total marketing value of TE reached around EGP23billion, according to the price of per-share. He added that if we subtract the liquidity ratio and Vodafone share from the current price, the rest value won’t give the actual asserts value of TE, asserting that the affected price of the market is due to TE’s limited activities regarding the fixed telephone. He explained that the entry of the company in the phone services field will reflect positively on the share price in the capital market to become more attractive for investment, stressing that during the current market price is not affected by the results of the successive company's profits. TE has announced today its business results at the end of third quarter of this year in a press conference so as disclose the achieve of EGP650million net profits with 22.7% growth rate and EGP2.9billion revenues with 16% growth rate. It is worth mentioning that the total numbers of TE’s shares are about 1.707.071.600 and the value of per share is EGP10. More»
Amwal Al Ghad English - 2013-11-16 08:59:15
Nokia Oyj (NOK1V), focusing on wireless equipment after the sale of its mobile-phone business, is aiming to accelerate market-share increases in the U.S., its networks chief said. A contract last month from Sprint Corp., the third-largest U.S. carrier, shows Nokia’s strategy in the country is gaining traction, Rajeev Suri said in an interview. Nokia Solutions and Networks, the unit that will generate more than 90 percent of Nokia’s revenue after the disposal of the handset unit to Microsoft Corp., still trails Ericsson AB and Alcatel-Lucent SA in the world’s largest mobile-equipment market.It takes a long time to win in the U.S. -- now we have T-Mobile (TMUS), we have U.S. Cellular (USM) and now Sprint (S), so we are definitely making progress,” Suri, 46, said this week at NSN’s headquarters in Espoo, Finland. “A year ago we couldn’t anticipate that we would have gotten this break with Sprint.” The U.S. is a crucial market for wireless-equipment makers, where carriers’ spending on building and servicing faster networks surpasses that of operators in regions such as Europe, Suri said. North America was the only region where NSN increased sales last quarter as it avoided less profitable deals elsewhere. More»
Amwal Al Ghad English - 2013-11-16 08:35:12
Microsoft Corp.’s board will meet on Nov. 18 to trim a list of chief executive officer candidates, with the goal of whittling the roster to three to five people, said a person with knowledge of the process. Directors are aiming to have a choice as soon as next month to replace CEO Steve Ballmer, who is retiring, said people familiar with the search, who asked not to be identified because the discussions are confidential. After narrowing the list at the meeting, directors plan to interview final candidates over the next several weeks, said one of the people. Microsoft is working to speedily wrap up its CEO search after Ballmer said in August that he would exit within a year. The Redmond, Washington-based company is transitioning from its roots as the world’s largest software maker to focus on devices and services, as rivals Apple Inc. and Google Inc. have shifted the technology landscape away from Microsoft’s bread-and-butter personal-computer business to mobile computing. More»
Amwal Al Ghad English - 2013-11-16 08:30:14
A top Apple Inc executive testified on Friday that Samsung Electronics Co Ltd undermined his company's marketing efforts, reputation and business by selling devices that copied the iPhone and iPad. Apple marketing chief Phil Schiller appeared as a witness during a damages retrial between the two companies in a San Jose, California, federal court. Schiller also denied that Apple launched the iPad mini as a response to competition in the tablet market, saying Apple was merely trying to make a better product. "It's much harder to create demand and people question our innovation and design skills like people never used to," Schiller said, adding that Samsung "weakened the world view of Apple as this great designer and innovator." Apple and Samsung are engaged in global litigation over each other's patents. Last year, Apple was awarded over $1 billion after it convinced a jury that Samsung copied iPhone features, such as using fingers to pinch and zoom on the screen, along with design touches such as the phone's flat, black glass screen. More»
Nayera Eid - 2013-11-14 13:10:40
Fawry Electronic Bill Service is negotiating with seven banks operating in the local market in order to provide re-charging electronic wallet for the banks’ customers. CEO and Founder of Fawry Ashraf Sabry asserted that the company will cooperate with seven banks in order to start providing the service by 2014, asserting that the new banks did not include the three coordinator banks with the mobile phone operators such as National bank of Egypt (NBE), BNP Paribas and Housing and Development Bank (HDB). Sabry has informed Amwal Al Ghad that the banks which Fawry is making negotiations with them are aiming to obtain the approval of the Central Bank of Egypt (CBE) in order to launch its services as soon as possible, rejecting to disclose the banks’ names, until Fawry will obtain CBE’s license. The regulations which have been put by CBE regarding ‘mobile transfer via mobile phone’ service revealed that the role of banks is to keep deposits cash on operations for the issuance of electronic money and ensure agreement these processes with controls to combat money laundering and financing of terrorism issued by the CBE. More»