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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        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        Universal For Paper and Packag   4.94        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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        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

Amwal Al Ghad English - 2013-11-13 09:25:12
Landline monopoly Telecom Egypt - TE (ETEL.CA) is confident the government will grant it a license to provide mobile services by the end of the year, its chief executive said on Wednesday. "We see a reason to be confident that such a license would be issued within 2013," CEO Mohamed el-Nawawy told Reuters after third-quarter results were announced. The company reported a 16 percent increase in revenue and a 2.3 percent rise in net profit in the third quarter compared with the same period last year. Telecom Egypt, of which the government owns 80 percent, posted net profit of 650 million Egyptian pounds ($94.4 million) and revenue of 2.86 billion. Its earnings before interest, taxes, depreciation and amortization (EBITDA) reached 1.131 billion pounds. Egypt has three mobile operators: Vodafone Egypt, Mobinil, which is controlled by FranceTelecom , and Dubai-based Etisalat. Telecom Egypt has been relying on its data business to boost revenue and has been waiting to launch a new mobile operation that would complement its existing joint venture with Vodafone and rival the sector's two other players. Last December, the industry regulator said Egypt would grant Telecom Egypt a license by mid-2013 to provide mobile services and would later let mobile companies offer fixed-lined services using Telecom Egypt's infrastructure. Egypt's economy has been hammered by political turmoil since a popular uprising toppled autocrat Hosni Mubarak in 2011. In July, the army ousted President Mohamed Morsi of the Muslim Brotherhood after mass protests against his rule. That triggered more unrest, with security forces cracking down hard on Morsi's supporters. Hundreds were killed and more than 2,000 arrested. Asked if he was concerned by Egypt's political upheaval, Nawawy said: "Quite frankly we see a country with the heritage and the history of always being able to get its act together." "Based on the geography and the history and the market I am very bullish and very excited about Egypt and the opportunity in Egypt." More»
Amwal Al Ghad English - 2013-11-13 09:21:33
Telecom Egypt (TE) (ETEL.CA) on Wednesday reported a 15.6 percent increase in revenue in the third quarter compared with the same period last year. The landline monopoly, of which the government owns 80 percent, posted a net profit of 650 million Egyptian pounds ($94.4 million) and revenue of 2.86 billion. Its earnings before interest, taxes, depreciation and amortization (EBITDA) reached 1.131 billion pounds. ($1 = 6.8886 Egyptian pounds) More»
Nayera Eid - 2013-11-12 14:54:52
The business results of Vodafone Egypt for the first half of the fiscal year extending from April to September 2013 revealed that Vodafone has attained revenues estimated at EGP6.6 billion, pointing out that the volume of profits before taxes and interests reached EGP2.8 billion. The financial statements of the company explained that the total operating profits of Vodafone within the first half reached EGP1.4 billion, and the capital expenditure reached around EGP800 million, whereas the free cash flow reached about EGP2 billion. Vodafone said the numbers of the company’s subscribers are about 41.3 million, stressing that despite the difficult political condition which passed by the Egyptian economy , telecom services witnessed growth rate up 3.6% during the first six months of the fiscal year of 2013-2014. More»
Nayera Eid - 2013-11-12 10:23:25
Egyptian Information and Communication Technology (ICT) Minister, Eng. Atef Helmy said it is expected for the revenues of telecommunication sector of this year to reach EGP66 billion, which represents 3.2% of the gross national product(GNP). The Minister added that the Ministry will offer the pilot project for broadband strategy worth EGP350 million, borne by the universal service fund of THE National Telecommunication Regulatory Authority (NTRA). He said by 2014, the Phase I of Broadband will be launched with EGP17billion investments. He emphasized that it is expected for the investments to up EGP47 billion during the fiscal year of 2017-2018 in order to spread high-speed internet services (ADSL), noting that each 10% boosting of ADSL will contribute with 1% of GNP and it will provide 10 K direct job opportunities and 50 K indirect job opportunities. He further asserted that offering the integrated operator license will be in the next seven weeks before the end of 2013, pointing out that offering the license will resolve many accumulation problems such as ,the three mobile phone operators and Telecom Egypt (TE).(ETAL). More»
Amwal Al Ghad English - 2013-11-12 08:37:39
T-Mobile US Inc. (TMUS), the country’s fourth-largest mobile-phone carrier, plans to sell shares valued at almost $1.8 billion, raising money it could use to acquire wireless airwaves. The secondary offering 66.2 million shares will be managed by Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG, T-Mobile said yesterday. The $1.8 billion valuation is based on the stock’s closing price of $26.97 in New York yesterday. T-Mobile will grant the underwriters the option to buy as many as 6.62 million additional shares.The company, based in Bellevue, Washington, said it may use the proceeds to acquire wireless spectrum -- either from other parties or through government auctions. Airwaves have become increasingly valuable as carriers struggle to handle the flood of Internet traffic on smartphones and other devices. T-Mobile, which is about 74 percent owned by Deutsche Telekom AG (DTE), debuted on the New York Stock Exchange six months ago after merging with MetroPCS Communications Inc. The shares have gained more than 60 percent since then, boosted by subscriber gains at a company that long struggled to compete with Verizon Wireless and AT&T Inc. T-Mobile added 648,000 new monthly subscribers last quarter, topping the 401,000 average estimate of analysts. More»
Amwal Al Ghad English - 2013-11-12 08:29:36
Britain's Vodafone (VOD.L) plans to spend 7 billion pounds on its networks following the sale of its U.S. business, ramping up investment after it posted a record fall in quarterly organic service revenue. The world's second-largest mobile operator, which agreed a deal in September to sell its U.S. arm to Verizon Communications (VZ.N) for $130 billion, said it would spend 7 billion pounds ($11.2 billion) by March 2016 to improve its networks in a bid to set it apart from rivals. The group announced the details of its "Project Spring" spending program as it reported first-half results showing the pressures across the group. Organic service revenue - its key ongoing revenue measurement which strips out the impact of one-off costs such as handset sales - was down 4.9 percent in the second quarter due to very weak trading in Europe. That was worse than the 3.5 percent fall recorded in the first quarter and well below the last record fall of 4.2 percent in the fourth quarter. More»
Amwal Al Ghad English - 2013-11-11 13:42:42
The Egyptian Information and Communication Technology (ICT) Minister said the size of the expected investments in the sector is ranging between EGP16-18billion. The Minister added in a keynote speech at Euromoney’s 19th Annual Conference Cairo on Monday that the Ministry is seeking to offer several major projects, including infrastructure and the national services for citizens. Helmy explained that the expected Gulf investments in ICT sector, specially the infrastructure and the technological zones will be announced in Cairo ICT Conference and exhibition within the coming month. He explained that he will meet the Egyptian Health Minister Dr. Maha Rabat within the next week in order to study offering several PPP projects. Helmy has informed Amwal Al Ghad that the Ministry has started to consider many projects in cooperation with the Planning Ministry, on the top priorities ‘Post Address’ project, noting that he will hold a meeting with the supreme commission for the PPP projects with days. More»
Abdel Hameed Sabry and Nayera Eid - 2013-11-11 13:23:19
Mobinil  seekd for listing more shares in the stock market "2.5 billion pounds our investments in the local market"  CEO Said International arbitration is an available option if the universal license would be unfair "I think that the political situation after the 30th revolution and the political situation have an obvious impact on the economic situation so the revenue of the telecommunication sector has been affected, and the political circumstances have a direct impact on the tourism average which has an effect on the roaming revenue for the telecommunication industry " Yves Gauthier Mobinil  CEO Said. He said that " Mobinil  is one of the best mobile services providers in the Egyptian market especially on the area of customer experience and it is obvious that its network is very good" and added " according to NTRA statistics Mobinil  has been the best mobile provider for the last two years and I wish that we would attract more customers through these services" More»
Dina Abdel-Fattah, Abd El Hamed Sabry, Nayira Eid - 2013-11-11 10:33:26
Hatem Dwedar ,CEO of Vodafone Egypt Vodafone understands the challenges experienced by the Egyptian economy … and is determined to continue to increase its investments 24.9 % contribution to “the telecommunications sector “in the State’s Treasury in 2020  ...Anddata services will lead the industry to unprecedented growth Vodafone Egypt plans to pump more than 3 billion pounds of new investments during the current fiscal year for supporting data and internet services on its network this year to seize the investment opportunities expected in this industry in the short term after the availability of mobile money transfer and automated tracking services. More»
Amwal Al Ghad English - 2013-11-11 08:28:13
Yves Gauthier, Chief Executive Officer of the Egyptian Company for Mobile Services (Mobinil) (EMOB.CA), stated that there are three obstacles that hinder Mobinil from offering stake in  the Egypitan Exchange (EGX) and increasing its free float from 1.08 %, Ahram Gate reported. It is worth noting that, Gauthier stated lately that Mobinil is studying to offer new shares in EGX to increase its free float. He revealed that, to offer more shares in EGX, there has to be political stability, EGX revival and availability of growth rates in telecommunication sector. More»