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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        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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 - 2014-03-05 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»
Nayera Eid - 2014-03-04 11:46:55
Smart Villages Development & Management Company decided to delay offering RfP of launching a hotel in Smart Village Sixth of October city which schedule to be offered during the first quarter of 2014. Senior sources in the village told that the delay is not due to any political reasons or the new reshuffle, noting that the launch will be within the current year. Dr. Adel Danish, Board of Smart Villages company asserted that his company is working to offer a tender for launching a hotel includes commercial mall that will be launched early 2016. He explained that the company is targeting to launch outpatient clinics and lab tests, medical services and shops , some restaurants and cafeterias to serve the workers within the village. The total investments’ value reached EGP7 billion and the paid up capital up around EGP560 million entire the village. More»
Amwal Al Ghad English - 2014-03-03 13:53:44
The Egyptian Telecom Minister, Eng. Atef Helmy received a delegation headed by Deputy Telecom Minister at the Ministry and Economic Affairs and Communications of Estonia to discuss the cooperation and exchange of experiences in digital identity and cyberspace services as well as applying e-government where Estonia is one of the most successful experiences with extensive experience in this field. The Minister asserted at his keynote speech that the ministry’s goals to spread e-government services, improve quality and to serve the citizens. Helmy said information and communication technology sector has a great importance for the societies’ progress and growth, noting his interest in Estonia experience in digital society, as Estonia witnessed progress and achievement in this field, as Estonia experience is unique as it is the most advanced country and its successful story stems from a great partnership between the government and Estonian ICT sector. During the meeting a memorandum of understanding (MoU) between the both sides have been signed , including Dr. Noha Adly first Deputy to the Information and Communication Technology Minister and Taavi Kotka, Deputy Secretary General-ICT at Ministry of Economic Affairs and Communications for Estonia in e-government , digital identity and X-road interoperability platform. More»
Nayera Eid - 2014-03-03 10:13:01
Eng. Mohammad Faris, CEO of Raya Smart Buildings has decided to resign by early next April and Chief Executive Officer - Raya Smart Buildings at Raya Holding Company, Ayman Al Halabi will take over the position by the next month. Faris rejected to unveil the reason of his resign, stressing that he will start his own business after leaving his position in Smart Village. Raya Holding Co for Technology and Telecommunication S.A.E. (RAYA) finalized renting its buildings in New Cairo with EGP14 million annually. Faris said 2700 meter has been rented for AstraZeneca plc a British-Swedish multinational pharmaceutical and biologics company, adding that Germany's biggest pharmaceuticals company, Bayer, rented 2200 meter for the company's administrative building in the financial district in New Cairo. Faris added that the total Raya’s investments up EGP70 million, and the company allocated EGP700 million for the investment in Smart Village portfolio ,establishing 3 buildings ,one of them in the Smart Village and the other in New Cairo, in addition to the Sixth of October city. More»
Amwal AL Ghad Engish - 2014-03-03 08:20:16
India's top court is due to hear on Monday Nokia's appeal challenging a lower court ruling over transfer of its mobile handset plant in the country to Microsoft amid a tax dispute. Nokia last month appealed to the Indian Supreme Court saying the Delhi High Court had imposed "new conditions" over transfer of the plant, after previously allowing it. The Supreme Court's website showed Nokia's appeal was listed to be heard on Monday. The court does not usually give a verdict on the first day of hearing. Microsoft is buying Nokia's mobile phone business in a 5.4 billion euro ($7.5 billion) deal. More»
Amwal AL Ghad Engish - 2014-03-03 08:16:18
Taiwanese smartphone maker HTC Corp posted a 36.5 percent fall in February sales from a year earlier. More»