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        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        Misr Chemical Industries   5.65        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        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 - 2014-10-20 07:52:20
IBM Corp has agreed to hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc, the Wall Street Journal reported, citing people familiar with the matter. IBM will pay Globalfoundries $1.5 billion to take the chip operations off its hands, WSJ said. IBM issued an advisory on Sunday saying it would make a "major business announcement" on Monday. Talks between IBM and Globalfoundries has been going on for a while. IBM is also scheduled to report its third-quarter earnings on Monday. Representatives at IBM and Globalfoundries were not immediately available for comment outside regular U.S. business hours. More»
Nayera Eid - 2014-10-15 12:28:19
The founder of RizkAuto Wael Rizk is seeking to collect US$52 million in order to establish production line for electric vehicles for 5-years term. It is difficult to reach to any successful idea by depending on the entrepreneur only or focusing on the development of the idea, stressing the role which played by exports for the successful of the new idea, Rizk noted. Rizk added on the sidelines of RiseUp Summit, Rizk added that listening to the various experiences will grant entrepreneur the capacity to develop expertise and ideas that will be needed to launch successful firm. More»
Amwal Al Ghad English - 2014-10-15 08:50:55
Egypt's minister of communications Atef Helmy said that Telecom Egypt (TE) (ETEL-CA) won't be able to continue successfully in the market without providing mobile services, AlSherouk reported on Wednesday. He added that this was the result of discussions and studies by the firm's board of directors for two years, before offering the unified license to ensure the benefit for the company. The minister said that the studies were through and does not risk the telecoms firm status. Helmy said, on the sidelines of Gulf Information Technology Exhibition (GITEX), that the completion of the license procedures is going at a steady pace, although it is slow, but that’s in favor of the four operators. More»
Amwal Al Ghad English - 2014-10-15 08:11:16
Three Google Inc (GOOGL.O) researchers have uncovered a security bug in widely used web encryption technology that they say could allow hackers to take over accounts for email, banking and other services in what they have dubbed a "Poodle" attack. The discovery of "Poodle," which stands for Padding Oracle On Downloaded Legacy Encryption, prompted makers of web browsers and server software to advise users on Tuesday to disable use of the source of the security bug: an 18-year old encryption standard known as SSL 3.0. It was the third time this year that researchers have uncovered a vulnerability in widely used web technology, following April's "Heartbleed" bug in OpenSSL and last month's "Shellshock" bug in a piece of Unix software known as Bash. Security experts said that hackers could steal browser "cookies" in "Poodle" attacks, potentially taking control of email, banking and social networking accounts. Even so, experts said the threat was not as serious as the two prior bugs. "If Shellshock and Heartbleed were Threat Level 10, then Poodle is more like a 5 or a 6," said Tal Klein, vice president with cloud security firm Adallom. The threat was disclosed in a research paper published on the website of the OpenSSL Project, which develops the most widely used type of SSL encryption software. More»
Amwal Al Ghad English - 2014-10-15 07:52:09
Hewlett-Packard Co has ended merger talks with EMC Corp and may announce this development as soon as Wednesday, deciding to walk away after months of fruitless negotiations, people briefed on the matter told Reuters. The official cessation of discussions to merge two of the tech industry's largest enterprise-oriented firms may come as a disappointment to activist investors Elliott Management, which has pushed hard for storage products maker EMC to pursue merger or spinoff opportunities. Pressure is building on EMC as rival technology companies, such as eBay Inc and Symantec, begin spinning off operations in an attempt to unlock shareholder value, become more agile, and capitalize on faster-growing businesses. It is unclear when talks ended following months-long discussions, the people said on condition of anonymity because the talks were private. Executives from the two companies were still trying to hammer out a deal as recently as last week, but talks bogged down on price and are now dead, the people said. More»
Amwal Al Ghad English - 2014-10-14 09:07:50
Mobile technology is key to helping Egypt achieve its aims to develop its digital economy, according to Atef Helmy, the country’s minister of Communications and Information Technology. The minister told delegates in Dubai that the country needs to use the ”power of mobile” to deliver on the government’s digital economy strategy aimed at enabling Egypt “to go forward to achieve prosperity, freedom and social equity”. “We have a responsibility to use the power of ICT to achieve this,” Helmy noted. In order to provide the mobile services needed, he said the government and mobile players need to ensure the flexible and innovative use of spectrum, as well as exploit the digital dividend and introduce LTE across the country. To that end Helmy outlined the country’s goal to provide LTE coverage to 90 per cent of the country’s population by 2020, with 14 million citizens (15 per cent of the population) subscribed to mobile broadband services. That builds on a 2016 goal of 98 per cent of the population having 3G coverage and 8 million citizens with mobile broadband access. According to GSMA Intelligence, 30 per cent of Egypt’s mobile connections are via 3G technology today, while the country is yet to launch LTE services. Helmy made it clear that cooperation between governments, operators, multinationals and NGOs will be essential if the country is to achieve its aims for a digital economy. More»
Amwal Al Ghad English - 2014-10-13 13:36:22
Microsoft Devices Group announced the availability of the Lumia 530, Lumia 630 and Lumia 930 smartphone in the Egyptian market. The new devices are affordable and run Windows Phone apps. Thanks to the latest developments at Microsoft and Lumia, these smartphones offer users a unique experience. Lumia 530 The Lumia 530, available in both single SIM 3G and dual SIM 3G variants, completes the current offers by Microsoft Phone. It is the first Lumia available for 888LE, giving more users the chance to enjoy Microsoft’s new services available on the high-quality Lumia, which comes with the new version of Windows Phone 8.1. Commenting on the sales start, Dana Adnani, Head of Communications for North Africa & Near East at Microsoft Devices, said that “Lumia 530 underscores our commitment to making affordable smartphones for everyone, and introducing more people to the best of Microsoft.” Thanks to the quad-core Qualcomm Snapdragon processor, users can experience superfast and easy internet browsing and gaming on the 4-inch LCD display. Lumia 530 also features seamless integration with Microsoft services such as Skype and Microsoft Office, popular social apps such as Instagram, WhatsApp, Viber and WeChat, and basic games like Asphalt 8, which are all available in the Windows Phone Store. Further, Lumia 530 bolsters the personalization of Windows Phone 8.1, with a selection of interchangeable colored shells – available in bright orange, bright green, grey or white. More»
Amwal Al Ghad English - 2014-10-12 13:49:42
CEO of UAE’s Etisalat UAE Ahmed Julfar said that the joint committee formed to consider  the best investment options for the group’s Egyptian unit, including the listing of the subsidiary’s shares on Egypt’s bourse, will submit its recommendation to the executive management in two months at most, according to Mubasher.   In a press statement on the sidelines of GITEX on Sunday, the top official added that UAE’s Etisalat is prepared to inject fresh investments into the Egyptian market, provided that the telecommunication sector is capable of safeguarding these investments. Julfar did not elaborate on the volume of the fresh investments, according to Anadolu Agency. Said Al Hamili, CEO of Etisalat Egypt , revealed earlier this month that the volume of his company’s investments in the Egyptian market exceeded EGP 30 billion, amid continued expansion plans, especially in infrastructure. Etisalat Group owns 66% in Etisalat Egypt, while other shareholders topped by the Post Co. for Investment hold 20% in the company, with other shareholders from the UAE and Saudi Arabia owning other stakes. More»
Amwal Al Ghad English - 2014-10-12 07:34:49
Egypt, the world's top wheat importer, said on Friday it had bought 175,000 tonnes of French and Russian wheat in a tender for shipment from Nov. 11 to 20. Of the total, the General Authority for Supply Commodities (GASC) bought 60,000 tonnes of French wheat from Soufflet and another 60,000 tonnes from Glencore, Mamdouh Abdel Fattah, vice chairman of the state grain buyer, said. GASC also bought 55,000 tonnes of Russian wheat from Glencore, Abdel Fattah said. GASC said it bought the wheat at an average price of $245.25 a tonne, cost and freight. Traders gave the following detailed breakdown of the purchase: - 60,000 tonnes of French wheat from Soufflet at $226.44 a tonne free-on-board and $16.96 a tonne plus $2.25 a tonne freight for shipment from two ports - 60,000 tonnes of French wheat from Glencore at $229.40 a tonne fob and $14 a tonne freight - 55,000 tonnes of Russian wheat from Glencore at $239.30 a tonne fob and $10 a tonne freight More»
Nayera Eid - 2014-10-11 11:20:37
Samsung Electronic-Egypt mobile unit is aiming to sell about 11 million new mobile phone devices within the current year. An official source in Samsung said the total expected volume of smart phones market in Egypt in 2014 are around 17 million, so Samsung's stake ups around 65%. In statements to Amwal Al Ghad on Saturday, the source noted that Samsung's market share witnesses 100% annual growth rate since 3 years as in 2012 the market share of the company was 15% and in 2013 it doubled to capture 35% in addition to during the current year it became about 60-65% according to financial statistics of GFK (GFK.DE). Samsung is focusing on offering new products package in the Egyptian market in conjunction with its launching in the global markets, stressing that Egyptians meet Smartphone with highly demand witnessing a remarkable increase in recent years. More»