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 - 2016-04-27 08:30:45
Twitter Inc disappointed investors yet again with first-quarter results that showed stagnant revenue growth as the microblogging service struggles to grab new users amid efforts to improve its complicated interface with several new features. Twitter shares plunged 13.6 percent to $15.34 in late trade on Tuesday after reporting lower-than-expected revenue, hurt by weaker than expected spending by big advertisers, and providing a current-quarter revenue forecast well below analysts' expectations. Twitter's user base grew modestly to 310 million monthly active users in the quarter ended March 31 from 305 million in the fourth quarter, above analysts' expectations. But investors were let down by the revenue miss since outlining a turnaround plan. "It's obvious Twitter is having trouble," said Arvind Bhatia, analyst with CRT Capital. "It's not growing anywhere close to where people expected a while back." More»
Amwal Al Ghad English - 2016-04-27 08:17:45
AT&T Inc said on Tuesday the No. 2 U.S. wireless carrier lost television subscribers and signed up fewer-than-expected monthly wireless customers in the first quarter, even as it beat profit estimates. Shares of AT&T, which had gained 10.7 percent so far this year, fell almost 2 percent in extended trading. AT&T has been seeking new revenue sources in an oversaturated wireless market, and has acquired satellite-TV provider DirecTV to offer bundles of cellular, broadband, TV and fixed-line phone services. AT&T is in the early stages of implementing this plan after completing the $48.5 billion merger in July, which created the country's largest pay-TV company. "(AT&T's) strategy is to bundle wireless services with entertainment and broadband and so far that has shown mixed results," MoffettNathanson LLC analyst Craig Moffett said in a phone interview. More»
Amwal Al Ghad English - 2016-04-27 07:35:23
Gloom may be settling over much of the world's semiconductor industry but Samsung Electronics Co Ltd is expected to cope better than most due to its strong technological edge, enabling it to boost market share for some key products and possibly even lift revenue. A plunge in PC sales and slower growth for smartphones globally has hit the sector hard, prompting Intel Corp to say this month it would cut up to 12,000 jobs. Qualcomm has said fiscal third-quarter chip shipments could fall as much as 22 percent, while SK Hynix Inc on Tuesday reported a 65 percent slide in quarterly operating income - its weakest result in three years. Samsung, which reports its first-quarter earnings on Thursday, is also hurting. Chip profits - which accounted for just under half of its overall 2015 operating income - are widely expected to fall, with some analysts predicting a drop of more than 10 percent in January-March from a year earlier. More»
Amwal Al Ghad English - 2016-04-27 07:12:29
EBay Inc reported better-than-expected quarterly earnings on Tuesday and raised its full-year revenue forecast as a revamped shopping platform attracted more buyers, mitigating growth concerns following its spinoff of PayPal Holdings Inc. The e-commerce company has been executing its plan to offer a bigger selection of products, new brands and more small business sellers on its platform, along with getting sellers to offer detailed product data and reviews, Chief Executive Devin Wenig said on a conference call. "One of the key foundational changes we're making to our marketplace platform to drive the most relevance, is the shift to be more product-based," he said. For example, eBay has signed a deal with Adidas AG to open showrooms on its platform across key European markets later this year. More»
Amwal Al Ghad English - 2016-04-26 18:32:10
Microsoft Egypt is preparing to host Imagine Cup: the Middle East 2016 after concluding the National finals in Egypt. Imagine Cup is a global student technology competition which gives worldwide students an opportunity to showcase their creativity and capability in making fantastic games and applications that can bring impact to the world. The competition aims to break new ground, solve tough problems facing the world today, turn ideas into a business and learn new technological skills. The finals were held in Egypt over 3 days in April at the American University Campus in New Cairo. More»
Nayera Eid - 2016-04-26 15:10:03
Japan's Canon Inc is studying establishing a new regional office to serve North, South and Central Africa regions. Canon is choosing between Egypt, Morocco, South Africa, and Nigeria to open its newest African regional office in 2017 said Ayman Gad, Deputy General Manager of Silicone 21, Canon’s main Authorized Distributor in Egypt, told Amwal Al Ghad in an interview Tuesday. Egypt is expected to win that battle of having Canon’s regional hub for many reasons, notably its unique geographical location, Gad added. Moreover, the parent company in Japan is looking forward to existing in countries that make a good environment for investment, the Egyptian official added. Despite being one of the most iconic brands in the world, Canon does not enjoy large market share in Egypt. That is why Canon is planning to control a market share ranging between 30 and 35 percent by the end of 2018. Gad further stated that the devaluation of the Egyptian pound against US dollar would undoubtedly result in an increase of imported products, hence all companies have no choice but raising the prices of their products in order to stay stable and retain the current margin profits. More»
Amwal Al Ghad English - 2016-04-26 14:34:54
Raya Data Center, the leading collocation and data center solution provider in Egypt, announced Tuesday that it has successfully achieved the ISO 22301 Business Continuity Management System (BCMS) certification, thereby becoming the first data centre in Egypt to achieve this standard. This achievement comes as Raya Data Center gears up to launch its public cloud service offering by the end of Q1 2016. The ISO 22301 standard specifies the requirements for a management system to protect against, reduce the likelihood of, and ensure a business recovers from disruptive incidents. This achievement comes as number four on the list of ISO certifications achieved by Raya Data Center over the past 4 years which includes ISO 27001, ISO 20000, and ISO 9001. On how the BCMS certification is relevant in the context of the new cloud service offering that Raya Data Center will launch soon, Seham Mohammed, Security and Business Continuity Senior Manager at Raya Data Center noted that “designing for failure is not a luxury anymore. In traditional IT architectures, reliability is often seen in terms of uptime and can normally be planned and anticipated without major hiccups or surprises. In a cloud environment, the rules are different. There’s a lot more complexity involved. Demand on services is usually unpredictable and there is usually interdependency between systems and resources that could be outside the control of the cloud service provider. All this translates into more pressure and complexity, requiring more stringent measures to achieve maximum visibility of business risks both externally and internally & reduce the impact and frequency of business disruptions. This is exactly what the ISO 22301 BCMS standard helps us attain as we prepare for our public cloud service launch”. The ISO 22301 BCMS certification recognizes Raya Data Center’s preparedness and ability to respond to disasters and drive business continuity. It also provides confidence in the organization’s recovery plans and ensures appropriate and agile contingencies. Over the past couple of years, Raya Data center has been expanding its ICT infrastructure by commissioning a new data center in New Cairo back in 2014, upgrading its technology platform, and creating more connectivity and power redundancy across all sites. Raya Data Center operates a total of three state-of-the-art facilities distributed strategically across greater Cairo in the 6 of October city, Maadi, and New Cairo. Raya Data Center’s public cloud offering will cover a wide spectrum of services including Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS), in addition to cloud management and security services. The new cloud platform promises customers in Egypt a world-class model of public cloud service delivery that brings along the benefits of automation, instantaneous service provisioning, and flexibility of self-service, all combined with a robust support program that ensures sustained reliability and availability of clients’ IT assets. The new service also promises flexible pricing and payment models that suit the varying needs of small, medium, and large organizations. More»
Amwal Al Ghad English - 2016-04-26 14:26:00
Alphabet Inc's Google unit, Ford Motor Co, the ride-sharing service Uber and two other companies said on Tuesday they are forming a coalition to push for federal action to help speed self-driving cars to market. Sweden-based Volvo Cars, which is owned by China's Zhejiang Geely Holding Group Co GEELY.UL, and Uber rival Lyft also are part of the Self-Driving Coalition for Safer Streets. The group said in a statement it will "work with lawmakers, regulators and the public to realize the safety and societal benefits of self-driving vehicles." The coalition said David Strickland, the former top official of the U.S. National Highway Traffic Safety Administration (NHTSA), the top U.S. auto safety agency that is writing new guidance on self-driving cars, will be the coalition’s counsel and spokesman. More»
Amwal Al Ghad English - 2016-04-26 14:14:39
Raya Integration, part of Egypt’s Raya Holding Company, announced Tuesday that Cisco recognized Raya IT with Cisco Architectural Excellence Service Provider Architecture Partner of the Year for EMEAR region (Europe, Middle East, Africa and Russia). The award was announced at Cisco Partner Summit 2016 held from February 29 - March 3, 2016 in San Diego, California. Cisco Partner Summit Global Awards recognize the top leading partners across the geographical region that demonstrated successful business practices and serve as a model to the industry. In an effort to reward best partner in class, Cisco’s areas of evaluation include the overall partners’ performance with the Service Providers in the Telco market, business practices and architecture-led successes, strategic business outcome-focused programs and seizing new opportunities.All award recipients are selected by a group of Cisco Global Partner Organization and regional executives. Cisco Partner Summit is the company’s premier event which hosts the leading Cisco partners around the globe to celebrate the joint success and to share its vision for future strategies. “Raya is Cisco’s Gold Partner and probably the longest carrying this prestigious certification in Egypt. This reflects Raya’s commitment and appreciation of Cisco’s partnership. It is needless to say that to keep up with this status for such a longtime it requires dedication, hard-work, development and continuous innovation from Raya’s Team and Leadership. Furthermore, a huge amount of investment is put in human resources as well as Labs to maintain the specializations required and to cope with the world’s new fast-paced technology trends. Albeit being a giant in the ICT Sector, Raya proves once again its agility, versatility and capabilities in largely diversifying the business.” Ayman Elgohary – General Manager of CiscoEgypt – said. In the last 3-years, Raya became one of Cisco’s few Telecom Service Provider (SP) Specialised companies in the region that delivers world class services to our SP customers. Today, Cisco is excited to award Raya a highly prestigious award – “Africa Service Provider Architecture Partner of the Year”. We are proud and honored to have Raya as a Strategic Partner to Cisco and we wish them continuous growth in the years to come! Meanwhile, Hisham Abdel Rasoul CEO of Raya IT stated: “we are privileged to be recognized as the best Cisco Architectural Service Provider in the region of EMEAR-Emerging for the year. The award crowns the effort, focus and dedication of our team of experts which is the main driver for every success we recognized. We have a strong believe that continues learningshould go hand in hand with practical experience to deliver the highest quality of service to our customers.” “Raya Integration heavily invests in its team and we clearly recognize the return on investment. Our team masters a wide range of Telco specific offering including the leading edge Cisco SP routing solutions, Cisco IP NGN, mobile Packet Switching Core solutions, LTE EPC, SP WiFi, Network Function Virtualization and Cisco small cells solutions. I am convinced that the precise planning, patience and team work will always be the pillars to give the best in class service to our Service Provider customers in the Telco industry. Finally, I would say that suchrecognition from Cisco stimulates our eager to maintain the leading position in the market of IT for years to come.” Raya IT, a subsidiary of Raya Holding, operates in the fields of systems integration and IT business solutions. Raya IT was established in 1998 with the vision to lead the IT and telecommunications industry, providing organizations with business solutions that allow them to simplify their business operations and increase their day-to-day productivity and operations management. Raya IT does not only provide technologies, but offers full-fledged IT solutions tailored to meet the unique requirements of different businesses. With a solid track record, Raya IT has succeeded to deliver mega-scale projects for reputable companies in different sectors with a client-centric paradigm. . Raya IT solutions are dedicated to business clients from different industries, ranging from telecommunications, financial services, government, real estate, general business to the oil and gas industry. More»
Amwal Al Ghad English - 2016-04-26 12:59:47
Egyptian Cabinet will be discussing this week a licensing mechanism to issue new 4G frequencies, sources with knowledge of the matter told Amwal Al Ghad Tuesday. Sources added that the Cabinet would tackle in its meeting the legal framework and licences needed to issue the 4G frequencies. The discussions are expected to complete within days so that the licences will be issued within next May, the sources said. Yasser El-Kady, Egyptian Minister of Communication and Information Technology, revealed that all four mobile phone operators Orange, Vodafone Egypt, Etisalat Egypt, and Telecom Egypt would benefit from releasing the 4G frequencies. This was a long overdue step for Egypt to take, at a time when about 157 countries around the world have already included 4G services for their clients which will pump investments worth of billions into the country. More»