amwalalghad :: Tech news

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        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        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        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        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 - 2015-06-30 10:20:01
The French telecoms giant Orange has indicated that it intends to terminate its relationship with the Israeli company that licenses its brand in the country – and would end the relationship “tomorrow” if it could. The comments – made by the company’s CEO, Stephane Richard – have emerged amid a sharp push back by the Israeli government against growing calls for an international boycott of Israel over its continuing occupation of Palestinian territories. They were angrily condemned by the Israeli prime minister, Binyamin Netanyahu, who called on the French government to “distance itself publicly from the miserable statement and the miserable action of a company that is partially owned by the government of France.” Although Orange only licenses its name to the Israeli company Partner, the threat – if carried through – will be seen as a major success for the Boycott, Divestment and Sanctions movement which has been campaigning on the issue in both France and Egypt. Orange, in which the French government has a quarter stake, has been under pressure in France as well as in Egypt to terminate its relationship with Partner over its supply of services to Israeli settlements regarded as illegal under international law. Last month Orange was accused of flouting the French foreign ministry’s own guidelines on investing in Israel by the Catholic Committee against Hunger and for Development. In a report published in May the group claimed that Partner had built more than 100 telecommunication antennas on confiscated Palestinian land, as well as operating four shops in Israeli settlements. Speaking at a news conference in Cairo to lay out plans for the years ahead in Egypt, Richard said that his company intended to withdraw the Orange brand from Israel as soon as possible, but that the move would take time. “I am ready to abandon this tomorrow morning but the point is that I want to secure the legal risk for the company. I want to terminate this, once again, but I don’t want to expose Orange to a level of risk and of penalties that could be really sizeable for the company,” he said. Richard said his company’s stance on the matter was the result of its sensitivity to Arab countries. “I know that it is a sensitive issue here in Egypt, but not only in Egypt ... We want to be one of the trustful partners of all Arab countries.” He added that the brand fees from the contract with Partner were low compared to the size of Orange, saying that “the interest for us is certainly not a financial interest”. “If you take those amounts on one side and on the other side the time that we spend to explain this, to try to find a solution and the consequences that we have to manage here but also in France, believe me it’s a very bad deal,” he added. More»
Amwal Al Ghad English - 2015-06-30 08:37:49
China's dominant Internet search engine Baidu Inc said on Tuesday it would invest 20 billion yuan ($3.22 billion) over the next three years on online-to-offline services, including group-buying service Nuomi. "Right now Baidu has over fifty billion (yuan) in cash on its books," said CEO Robin Li in a press release. "We're going to take 20 billion of that and do Nuomi right." More»
Amwal Al Ghad English - 2015-06-30 08:30:13
Sony Corp said it plans to raise up to 440 billion yen ($3.6 billion) by issuing new shares and convertible bonds to invest in its fast-growing image sensors business. More»
Amwal Al Ghad English - 2015-06-29 11:10:36
Leading smartphone maker Samsung Electronics Co Ltd plans to launch more handsets running on its own Tizen operating system later this year, a person with knowledge of the matter told Reuters on Monday. Samsung will launch several Tizen smartphones at varying prices, the person said without disclosing other specifications. The person declined to be identified due to the sensitivity of the matter. More»
Amwal Al Ghad - 2015-06-28 10:31:52
Egypt is to build a smart village in Uganda, which will attract a number of investments, from IT to hospitality. “The smart village project in Egypt cost more than six billion Egyptian pound investments and we are in the process of starting a similar project in Uganda, which will cost billions of shillings,” Hussein Fahmy, the sales manager the Egyptian Smart Village Company, said. He added: “We are now identifying the land in Uganda and after, we shall register the project and start.” He was speaking to The Observer in Cairo recently. If it succeeds, the smart village will be Uganda’s first dedicated IT business center. In the Egyptian capital of Cairo, the smart village headquarters is a business park, which hosts different facilities such as schools, tourist centres, among others. There are 125 foreign companies operating in the Smart village in Cairo, out of 160 firms. The smart village also comes with incentives such as tax breaks. Fahmy said a smart village is tailored to the IT industry, featuring the latest network and communications infrastructure. It is also privately-owned. More»
Amwal Al Ghad English - 2015-06-27 09:01:39
Over 5 million people heeded to calls to boycott Egypt's mobile operators, a campaign founder told Aswat Masriya on Friday, pledging to launch a second call on Saturday titled "down with our networks". "Between five to eight million people participated in the campaign," said Ahmed Abdelnaby, citing "sources inside the mobile companies." Karim al-Fishawy of Egypt's National Telecommunications Regulatory Authority said "we cannot measure the impact of the boycott calls yet." The government authority does not work during the weekend and the impact can only be measured by Sunday, he said. Abdelnaby said Egypt's mobile service operators, Etisalat, Mobinil, and Vodafone Egypt "did not expect this level of participation." Head of Vodafone Egypt's Public Relations department Noha Saad said that her company "had no comment" regarding this campaign. On Thursday, a virtual movement called "Internet Revolution Egypt" launched calls to boycott Egypt's three mobile service providers from 5 p.m. to 10 p.m to protest "poor quality" and high prices. More»
Amwal Al Ghad English - 2015-06-24 09:32:53
Google launched a free music streaming service Tuesday, upstaging Apple’s release of its subscription service, Apple Music, next week. Google Play Music was launched two years ago as a paid service, but the Silicon Valley giant announced that it would feature a free, ad-supported version similar to streaming service Spotify or Internet radio Pandora. The service will focus on curated playlists focusing on different moods, activities and genres. “At any moment in your day, Google Play Music has whatever you need music for — from working, to working out, to working it on the dance floor — and gives you curated radio stations to make whatever you’re doing better,” wrote Elias Roman, Play Music’s product manager, in a statement. The service’s curated format is similar to Songza, a service Google acquired last July for a rumored $39 million. “Our team of music experts, including the folks who created Songza, crafts each station song by song so you don’t have to,” Roman continued.“If you’re looking for something specific, you can browse our curated stations by genre, mood, decade or activity, or you can search for your favorite artist, album or song to instantly create a station of similar music.” More»
Amwal Al Ghad English - 2015-06-23 09:49:08
Ericsson and Etisalat Egypt have won Global Telecoms Business Innovation 2015 Award for the ‘New Day – New Idea’ project, which gives subscribers better access to flexible mobile data services, Ericsson announced in a statement Tuesday. Winning in the category of wireless network infrastructure innovation, Ericsson and Etisalat were honored during a ceremony held at The GTB Innovation Awards in London in May. The Global Telecoms Business Innovation Awards highlight innovative projects in the global telecommunications industry, led by service providers and their technology suppliers. “We had strong growth plans for our mobile broadband services in the face of arduous competition and users’ demand for greater control. It was understood that greater service agility was required to realize the ‘New Day – New Idea’ project that would drive our business forward, supported by more efficiency, improved service delivery speed and the ability to deliver on customer expectations for transparency and control.” Saeed AlHamli, CEO of Etisalat Egypt said Etisalat Egypt rolled out Ericsson’s Integrated Policy and Charging (EIPC) solution to enhance services for both mobile broadband and ADSL Internet subscribers, allowing them to merge services into flexible bundles and access the Internet from different devices with the same subscription fee. EIPC is a scalable, flexible BSS solution that delivers decoupling, configurability, convergent real-time charging and policy support, a strong user-experience focus and reduced TCO. From his part, Rafiah Ibrahim, Head of Region Middle East, Ericsson, said: “We are pleased to have been recognized for this innovative project with Etisalat.” Through this partnership, Etisalat has created an invaluable competitive advantage in a rapidly evolving marketplace. This improved service agility empowers them to deliver flexible, seamless convergence across services and address new OTT revenue opportunities. Etisalat customers also now have greater control and billing transparency, thereby ensuring a vastly improved customer experience. We are proud of our work together.” More»
Nayera Eid - 2015-06-21 10:52:34
Ministry of Communication and Information Technology (MCIT) eyes boosting internet's minimum speed to 4 MBps at the end of 2016, Assistant to Minister for Telecommunications Khaled Sherif said Sunday. More»
Amwal Al Ghad EN - 2015-06-20 08:35:24
EBay Inc (EBAY.O) said it has sold its 28.4 percent stake in Craigslist Inc back to the online classified advertising company. Under a confidential settlement agreement, all litigation between the companies will also be dismissed, eBay said in a blog post. The companies have been feuding for years in civil court over allegations that eBay took a stake in Craigslist and then misappropriated confidential information while secretly planning its own classifieds site. EBay, which launched classified ad service Kijiji in the United States in 2007, bought the Craigslist stake in 2004. More»