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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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        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

Nayera Eid - 2014-03-08 14:59:48
Eng. Hesham Alayli CEO of National Telecommunication Regulatory Authority (NTRA) asserted that the mobile phone operators have the right to obtain the International Gateway License in case of agreeing on its current price. Alayli explained that the law stipulates that the companies which operating in the market have the right to get any features or additional conditions obtained by new firms which enter the market in this case Mobinil and Vodafone  have the right to obtain a license after passing international calls for Etisalat Egypt. An official source in NTRA revealed that the price of the International Gateway License up around EGP4 billion. Meanwhile determining a date for international gateway and prices it is one of the outstanding problems between mobile phone operators and Telecom Egypt (ETAL-CA)(TE). Three operators called to obtain international gateway license in conjunction with offering the integrated operator license. The trade volume between TE and mobile operators reach EGP4 billion, Vodafone and Mobinil pay EGP2.5 billion the value of international gateway services and EGP1.5 billion which pay by three operators. More»
Nayera Eid - 2014-03-08 13:00:10
Egyptian Telecom Minister, Atef Helmy said he does not satisfy with the three mobile phones’ operators statements regarding some outstanding differences between them and the Telecom Egypt (ETAL-CA)(TE) concerning the integrated operator license and restoring to international arbitration. Helmy added that dealing with the three mobile operators will be transparency, stressing that it was taking into account the power balance in the market and lack of preference for any of the 3 operators and TE. Vodafone Global explained that it has to take measures for offering equitable integrated license and avoid the monopoly of Telecom Egypt for fixed and mobile services. Vodafone emphasized that the current shape of license will permit for TE to depend on infrastructure network for mobile operators without launching its private network. National Telecommunication Regulatory Authority (NTRA) approved to grant TE and mobile operators integrated operator license and to review it on the economic committee for ratification without addressing Telecom Egypt’s stake in Vodafone. More»
Nayera Eid - 2014-03-06 13:06:01
Eng. Atef Helmy, Egyptian Telecom Minister said the losses of Egypt post declined with 50% from EGP856 million to EGP436 million, explaining that it is expected to attain around EGP100 million profits after the changes which have done for its board of directors despite the increase of workers’ salaries with EGP400 million. The Minister met the representatives of Egypt Post in Cairo, Alexandria, Giza, Kafr El-Sheikh, Qena, and some leaderships in order to know the demands and to study the possibility of implementation. During the meeting, it was agreed to form a committee at the highest level of authority includes legal, financial, administrative and senior management prominent figures  to consider granting the workers 7% periodic rate from the basic salary. The committee decided to start its work from March9 2014 so that the committee will lift its report regarding the previous topics to review in the first meeting after finalizing its works. More»
Amwal Al Ghad English - 2014-03-06 08:48:04
Egypt-based international telecoms firm Global Telecom Holding (GTH) (GTHE.CA), formerly Orascom Telecom Holding, reported a fourth-quarter net loss of $749 million on Thursday, a 59 percent increase in losses on a year ago, blaming lower currency exchange rates and regulatory pressures in several countries in which it operates. In a release published on Thursday, Global Telecom said revenues fell to $834 million from £908 million in the same period in 2012. Global Telecom is 51.9 percent owned by Vimpelcom. Ahmed Abou Doma, Chief Executive Officer, comments :  In the fourth quarter of 2013, our customers increased 7% YoY to exceed 89 million customers, driven by steady growth in Algeria and Pakistan as well as strong additions in Bangladesh and Canada. Our revenue stood at USD 834 million for the quarter, representing an organic decline of 6% compared to last year, with an EBITDA of USD 397 million. Reported results in US dollar were adversely impacted by the local currency depreciation against the US dollar, mainly in Pakistan and Algeria. More»
Amwal Al Ghad English - 2014-03-05 15:57:50
Yahoo Inc will stop letting consumers access its various online services, including Fantasy Sports and photo-sharing site Flickr, by signing-in with their Facebook Inc or Google Inc credentials. The change, which will be rolled out gradually according to a Yahoo spokeswoman, will require users to register for a Yahoo ID in order to use any of the Internet portal's services. The move marks the latest change to Yahoo by Chief Executive Marissa Mayer, who is striving to spark fresh interest in the company's Web products and to revive its stagnant revenue. "Yahoo is continually working on improving the user experience," the company said in a statement, noting that the new process "will allow us to offer the best personalized experience to everyone". The first Yahoo service to require the new sign-in process is Yahoo Sports Tourney Pick'Em, a service focused on the NCAA college basketball tournament which begins later this month. News of the change to Yahoo's Tourney Pick'Em sign-in process was first reported by the technology blog Betanews. Since Mayer took the reins in 2012, the company has rolled out new versions of many of its key products, including Yahoo Mail and Yahoo Finance. Last year, Yahoo announced a program to recycle inactive Yahoo user IDs, letting new users claim email addresses that have not been used for more than 12 months. In eliminating the Facebook and Google sign-in features, Mayer, a former Google executive, is effectively reversing a strategy that Yahoo adopted in 2010 and 2011 under then CEO Carol Bartz. The change to the Tourney Pick'Em sign-in process began on Monday, the Yahoo spokeswoman said, noting that users could still access other services with Google or Facebook IDs. The sign-in buttons for Facebook and Google will eventually be removed from all Yahoo properties, the Yahoo spokeswoman, though she declined to provide a timeframe. More»
Amwal Al Ghad English - 2014-03-05 15:53:04
The European Central Bank should cut interest rates and either inject more liquidity into the banking system via its Long-Term Refinancing Operations (LTRO) or start public and private asset purchases, International Monetary Fund officials said. The ECB is due to hold a meeting on monetary policy on Thursday. Consumer inflation, which the bank wants to keep below, but close to 2 percent over the medium term, has been stuck in what the ECB called the danger zone of below 1 percent for five months. "You can have too much of a good thing, including low inflation," Reza Moghadam, the head of the IMF's European Department said in a blog. The blog was co-authored by his deputy Ranjit Teja and senior economist Pelin Berkmen. "Very low inflation may benefit important segments of the population, notably net savers. But in the current context of widespread indebtedness problems, it is working to the detriment of recovery in the euro area, especially in the more fragile countries, where it is thwarting efforts to reduce debt, regain competitiveness and tackle unemployment," they said in the blog. "The ECB must be sure that policies are equal to the tasks of reversing the downward drift in inflation and forestalling the risk of a slide into deflation," they said. "It should thus consider further cuts in the policy rate and, more importantly, look for ways to substantially increase its balance sheet, be it through targeted LTROs or quantitative easing (public and private asset purchases)," the blog said. On Monday, IMF chief Christine Lagarde said the fund saw a risk of an extended period of low inflation in the euro zone and that central bankers must be ready to act so that it does not derail an incipient recovery. More»
Nayera Eid - 2014-03-05 12:19:13
Lenovo’s global PC market share have reached 18.6% by the end of 2013, to rank first in the worldwide PC market, said Lenovo Egypt Country Manager Yasser Shaheen on Tuesday. Shaheen told reporters during a press conference on Tuesday that Lenovo has taken the third position in the Egyptian PC market, with 15.9% share by the end of 2013. With a current 13.1% share, Shaheen said Lenovo is likely to rank first as the largest vendor of PC and smartphones in MENA and North Africa by 2015. More»
Nayera Eid - 2014-03-05 11:25:59
Lenovo Group Ltd is planning to launch smartphones range in Egypt within the second half of 2014. During a press conference held on Tuesday,  Yasser Shaheen - Lenovo Egypt Country Manager – stated that a new range of smartphones were launched few months ago in UAE markets, gaining in widespread popularity.  Lenovo aims to capture the lion’s share of the UAE smartphone market within the upcoming period, Shaheen noted. Moreover, he said as pursuant to the Global IDC’s predictions, Egyptian market is likely to go back to the pre-revolt consumption rates of electronic products by the end of 2014. Shaheen pointed out that Egyptian market is currently witnessing sales ranging between 100.000 and 110.000 electronic units every 3 months, but in case of going back to the pre-revolt levels, it would post sales of 250.000 – 260.000 electronic units quarterly. More»
Amwal Al Ghad English - 2014-03-05 09:21:01
Vodafone Group said it would consider international arbitration if the Egyptian government approves a rule giving fixed-line monopoly Telecom Egypt Co. (ETEL) access to the country’s mobile networks. Before granting approval, the Egyptian government should assess “all outstanding issues to ensure fair and equitable treatment across the industry,” Vodafone Group said in an e-mailed statement sent to Bloomberg News today. Vodafone which co-owns its Egyptian unit with government-controlled Telecom Egypt, said today that the new arrangement would unfairly favor the fixed monopoly. It would also create a conflict of interest, Vodafone said. The so-called unified license agreement will allow Telecom Egypt to roll out mobile-phone service without building its own network and give wireless operators access to parts of its fixed infrastructure. The cabinet’s final approval is expected to come in the next few weeks, people familiar with the plans said, asking not to be named because the plans are private. Prime Minister Ibrahim Mehleb was sworn in March 1 and the cabinet is unlikely to vote on it this week, one person said. “Vodafone looks forward to hearing the government’s response to our concerns,” according to the company statement, “in light of which we will assess what steps might be necessary to protect our shareholders’ interests, including possible commencement of international arbitration proceedings.” Orange SA’s Mobinil and Emirates Telecommunications Corp. also operate mobile networks in Egypt. Orange spokesman Tom Wright had no immediate comment. Seeking Dialogue Etisalat Misr will seek negotiations and dialogue, according to a spokesman, who asked not to be named citing company policy. Arbitration is the last resort if the license is issued without fair and transparent rules, he said. Carriers complain that the license only gives them limited access to Telecom Egypt’s older, copper network, rather than its high-speed fiber broadband, and that the rules lack clarity on Telecom Egypt’s control over international calling traffic and the rates the monopoly would pay for a mobile license, a person familiar with matter said. “We aren’t discriminating against any company, they will have equal rights and duties,” Hesham El Alaily, executive president of Egypt’s telecommunications regulator, said by phone. “We are putting plans for the whole market to grow.” While mobile operators are worried that a new competitor may reduce their market share, they will take some market share from Telecom Egypt’s landline business, he said. Egypt’s National telecommunication regulatory authority approved the unified license agreement in December, and said at the time that most of the disputes with mobile operators had been resolved. More»
Amwal Al Ghad English - 2014-03-04 16:14:07
Sony Corp said on Tuesday that it has sold 6 million PlayStation 4 game consoles as of March 2, well ahead of its target for the fiscal year to the end of this month. Sony has said it hoped to sell 5 million units by the end of March after releasing the PlayStation 4 on November 29 in the United States, Western Europe and Latin America and rolling it out across other Asian countries since then. It went on sale in Japan on February 22. More»