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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        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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 - 2014-01-29 08:08:11
Telecom Egypt has unveiled plans to construct a high capacity cable system alongside 16 of the world’s most prominent service providers. Once completed, Asia Africa Europe-1 (AAE-1) will provide additional protection and offer an alternative to the existing heavily loaded cables systems. AAE-1 will run for 25,000km, from South East Asia to Europe across Egypt, connecting different countries, including Hong Kong, Vietnam, Cambodia, Malaysia, Singapore, Thailand, India, Pakistan, Oman, UAE, Qatar, Yemen, Djibouti, Saudi Arabia, Egypt, Greece, Italy and France. The new cable construction is due to be completed in 2016. AAE-1 is expected to contribute to te’s revenues more than EGP 300 million, which will be realized on service delivery date. The cable system will employ 100Gbps technology along the lowest latency route with design capacity of over 40 terabits. AAE-1 is one of the largest cable systems ever launched and will present an exponential level of business growth to te, who will provide robust and reliable services to AAE-1 across Egypt. Mohammed Elnawawy, Managing Director and Chief Executive Officer of Telecom Egypt said:“The construction of this new high capacity cable system is testament to our continued efforts to innovate and lead the way in terms of the technology surrounding submarine cables and networks. We are well placed to take advantage of Egypt's unique geographical location as a gateway between the Asia, Africa and Europe, and look forward to working closely with our global peers in constructing the AAE-1 cable system. “For more than 100 years, te has provided the most secure, resilient and reliable route for its international customers to connect their networks between East and West. By launching AAE-1, te can continue to play a pivotal role to the submarine cable industry over its diversified terrestrial network across Egypt.” The global service providers working alongside te include China Unicom, Chuan Wei, Djibouti Telecom, Etisalat, Mobily, Omantel, OTEGLOBE, Ooredoo, PCCW Global, Pakistan Telecommunication Company Limited (PTCL), Telecom Egypt, TOT, Viettel amongst other carriers. te signed the Construction and Maintenance Agreement (C&MA) in Hong Kong on January 27, 2014 to officially mark the commencement of the AAE-1 Project. More»
Nayera Eid - 2014-01-28 13:31:26
Eng. Atef Helmy Egyptian Telecom Minister decided to reduce the salaries of employees who are working in the supreme departments in the Ministry with proportion ranging between 10-18% and using this liquidity to boost the salaries of the lowest workers. Helmy explained that the decision is currently applying only for Cabinet of Ministry, noting it started calling the parties affiliated such as the National Telecommunication Regulatory Authority (NTRA) and Information Technology Industry Development Agency (ITIDA) in order to activate the decision. He asserted that Telecom Egypt (TE)(ETAL-CA) shall not submit to any measure as it is an independent firm. He said the decision didn’t relate to minimum and maximum wages which actually applied from this month. More»
Nayera Eid - 2014-01-28 12:00:59
The Egyptian Telecom Minister Atef Helmy has met Dr. Ahmed Galal the Minister of Finance in order to review Digital Documentation Project of Public Notary for implementing by PPP system, noting that it is expected for the project to start within short period. Helmy explained that it was agreed with the Finance Minister to reduce the salaries of the Ministry’s executive management in favor of lower employees. He noted that it was agreed to appoint 490 temporary employees in the Ministry during the meeting of yesterday with the Finance yesterday. More»
Amwal Al Ghad English - 2014-01-28 10:52:57
Eng. Mohamed Al-Nawawi, CEO of Telecom Egypt (TE)(ETAL-CA) said his company will participate in establishing submarine cable Asia-Africa-Europe 1 (AAE-1) in cooperation with 16 firms of the most prominent submarine cables across the world in order to connect the three Continents. AAE-1 is a new submarine cable 15000km submarine cable connecting fastest growing economies in Asia, Africa and Europe, with cable landing stations in Singapore, Malaysia, Myanmar, India, Pakistan, Oman, UAE, Djibouti,Egypt, Greece, France. The AAE-1 cable is going to open a new era to promote the broadband market across Asia, Africa and Europe, expecting that this cable will be launched by 2016. More»
Amwal Al Ghad English - 2014-01-28 08:09:25
Lower-than-expected holiday iPhone sales and a weak revenue forecast by Apple Inc renewed fears about Chinese demand and a tepid global market, wiping 8 percent off company stock.This year was to have been Apple Inc's watershed moment in China, when a long-awaited deal with the nation's largest carrier was to have propelled it back toward the top ranks of its most crucial market, clawing back ground from rival Samsung Electronics. Instead, the forecast for the March quarter - when Apple is expected to have reaped the fruits of that long-awaited deal - raises questions of whether investors had over-estimated that arrangement, and broader concerns about flagging demand for smartphones and tablets in general. "There's no doubt that shipments (to China Mobile) are lower than almost anybody expected," said Pacific Crest Securities' Andy Hargreaves. Globally, "the high-end smartphone and tablet markets are saturated, and that's not going to grow." The world's most valuable technology company sold a record 51 million iPhones in the quarter, but that was still shy of the 55 million or so that analysts had expected. More»
Nayera Eid - 2014-01-27 13:17:10
Eng. Atef Helmy Egyptian Telecom Minister revealed that the Ministry is currently signing the final contracts with the Ministries that benefited from broadband strategy with EGP16.8 billion total cost for the first phase within 5 years. Helmy has informed Amwal Al Ghad that the Ministry finalized all the conditions concerning the broadband strategy with EGP350 million cost, stressing that many ministries will make the best use of this project including education, health and transportation. He  asserted that a pilot project includes 1062 schools, 896 youth centers, 340 hospitals in addition 57 scientific research centers, Investment budget for this project estimates EGP350 million which will be financed through the fund for NTRA from the total expected investments in order to achieve the targets of phase I which up EGP16.8 billion. Eng. Hesham Alayli CEO of National Telecommunication Regulatory Authority (NTRA) revealed offering pilot project for broadband strategy by the end of the current month with total cost EGP350 million. More»
Nayera Eid - 2014-01-27 11:23:20
Eng. Atef Helmy Egyptian Telecom Minister asserted that the Cabinet’s Economic Committee will start reviewing the Integrated Operator License within the current week. The Minister denied in an exclusive to Amwal Al Ghad what was circulated in some media regarding that the ministry started actually discussing the file, asserting that the Ministry waits holding a meeting with the economic committee within days to answer Cabinet’s inquiries on some points of the license. He explained that after discussing the license on the Cabinet, all the outstanding points will take into account with the mobile phone operators on top the international gateway license. The board of Directors of the National Telecommunication Regulatory Authority (NTRA) explained that the board decided to approve the license as a most regulator solution which paves the way to the required growth and balance of the telecommunication market in Egypt. More»
Amwal Al Ghad English - 2014-01-27 08:43:03
U.S. mobile operator AT&T said on Monday it was not planning to take over Britain's Vodafone, making its intentions clear after a request from the takeover panel following months of speculation. The statement to the London Stock Exchange rules out the second-largest mobile service provider in the United States from buying Vodafone for the next six months. However the group can still make an offer if Vodafone's board agrees to it, or if a third party enters the fray. "AT&T notes the recent speculation regarding a potential transaction involving Vodafone Group Plc," it said in a short statement. "At the request of the UK Takeover Panel, AT&T confirms that it does not intend to make an offer for Vodafone." AT&T had sparked speculation that it could be interested in a deal with Vodafone after its Chief Executive Randall Stephenson said there was a "huge opportunity" to invest in mobile broadband in Europe. Vodafone is the world's second-largest mobile operator, with assets in Europe, India and Africa. It is selling its stake in U.S. operator Verizon Wireless to joint venture partner Verizon Communications for $130 billion. Analysts and bankers have speculated that the sale of the U.S. unit, which is due to complete in February, would leave Vodafone more open to a takeover. More»
Amwal Al Ghad English - 2014-01-27 08:20:27
Egyptian billionaire Naguib Sawiris is ready to step in and invest in Telecom Italia SpA on condition that the carrier’s largest shareholder, Telefonica SA (TEF), would exit, he said in an interview. More than a year after Sawiris was rebuffed in his offer to acquire a stake in Italy’s biggest phone company for at least 2 billion euros ($2.7 billion), the businessman is again circling the carrier, now under new chief executive officer Marco Patuano. Spain’s Telefonica, having increased its indirect holding in Telecom Italia, is under pressure from Brazilian regulators to resolve potential conflicts of interest in the country, where both companies own a major carrier. “I am still interested in Telecom Italia but only on two conditions: that Telefonica exits and that Telecom Italia does not sell Brazil,” he said by telephone yesterday. He declined to discuss how much he is willing to invest. “From a financial point of view, Telecom Italia still needs a massive 3 to 4 billion euros capital increase.” A return of Sawiris would mark a comeback for a businessman who helped shape Italy’s phone industry. He ventured into the country in 2005, when he bought wireless carrier Wind in a 12.2 billion-euro deal from utility company Enel SpA. He sold Wind to VimpelCom Ltd. in 2011. More»
Amwal Al Ghad English - 2014-01-26 08:32:01
Sony Corp. (6758) obtained film rights to the best-selling book “Lean In” by Sheryl Sandberg, Facebook Inc. (FB)’s chief operating officer, according to people with knowledge of the situation. Nell Scovell, who helped write “Lean In: Women, Work, and the Will to Lead,” has been hired to create a script, said the people, who weren’t authorized to speak publicly because a deal hasn’t been announced. The screenplay will be fictional, based on themes covered by the book, and Sandberg won’t be a character, they said. Sony is finding Silicon Valley icons rich fodder for its Culver City, California-based studio, and is now turning to one of the wealthiest and best-known women in technology. Sandberg, 44, became one of the world’s youngest female billionaires this week, according to the Bloomberg Billionaires Index. Related: Sandberg Becomes One of Youngest Billionaires in World Sandberg’s foundation licensed the “Lean In” title to Sony, said one of the people. Sony’s film studio, led by Co-Chairman Amy Pascal, tapped Scovell, a veteran TV writer with credits including “NCIS” and “Monk.” Aaron Sorkin, who won the Oscar for best adapted screenplay for Sony’s “The Social Network,” is overseeing the script for the studio’s film based on Walter Isaacson’s biography of the late Apple Inc. co-founder Steve Jobs. More»