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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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 - 2014-12-01 11:12:12
Samsung Electronics Co., Ltd., has launched a campaign to raise awareness of the beauty of the Arabic language and the ways in which technology can enable rather than hinder written Arabic communication. Biqalam Arabi – literally translated as By an Arabic Pen – is a campaign that calls attention to the inherent beauty of the Arabic language. The increasing use of technology and online content has been viewed as an inhibitor for written Arabic, with many utilizing the phonetic form commonly referred to as Arabizi to communicate in the digital age. Samsung technology is committed to playing an active role in helping to facilitate the Arabic written word, whether for business, pleasure or education. Seung-Ho Yun, Managing Director of Samsung Electronics Egypt said when we launched Campaign by Arabic for the first time, it was our main objective to raise awareness and prevent the Arabic language contraction in this digital age,  However gathering 22 countries and unite the hundreds of millions of Arabic speakers through one feature, we focus on the user at the heart of this campaign, which allowed them to express their passion for the Arabic language. More»
Amwal Al Ghad English - 2014-12-01 08:13:38
Samsung Electronics defied speculation it would drop the head of its underperforming mobile division, as the Samsung Group's heir apparent opted to keep the man his ailing father appointed while the patriarch's future is uncertain. Staff at Samsung have been waiting nervously for the annual reshuffle after a weak smartphone performance and the worst earnings in three years, with many fearing for their jobs, but embattled co-chief executive J.K. Shin now knows he will continue to head the Electronics unit's mobile division despite sagging smartphone sales. Semiconductor business chief Kwon Oh-hyun and consumer electronics head Yoon Boo-keun also kept their jobs. Analysts said Jay Y. Lee, likely successor and only son of group patriarch Lee Kun-hee, opted to keep his father's key lieutenants in place to ensure stability and consolidate his own position. "With Samsung undergoing major changes in the midst of the succession process, like selling affiliates and listing units, it would have been too unsettling to change leadership," said Chung Sun-sup, head of local research firm More»
Nayera Eid - 2014-11-30 12:11:12
Vodafone Egypt starts to impose new fees on Vodafone cash services by 1% from the beginning of the next month which applied by the company in collaboration with Housing and Development bank (HDB). Vodafone said the tax on service will be added in case of collecting and charging the portfolio of electronic payment outlets. The new service applied since April 2013 and the National Bank of Egypt (NBE) is applying it in cooperation with Etisalat Egypt and HDB cooperated with Vodafone Egypt alongside Emirates NBD with Mobinil. More»
Amwal Al Ghad English - 2014-11-30 07:47:56
Insiders say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years are expected to cost many jobs. As is customary for Korean businesses, Samsung is expected to announce its annual personnel changes in early December, a ritual that even in good times means weeks of distracting uncertainty for staff facing promotion, transfer or the sack. The last of those options looks more likely after third-quarter operating profit fell by nearly two thirds. Squeezed by Chinese rivals like Xiaomi Technology [XTC.UL] at the low end and Apple's iPhones at the top, Samsung's share of the smartphone market has also shrunk year-on-year for the last three quarters, leading to speculation that mobile business head J.K. Shin could be on the way out. "People are very uneasy; even the senior management are asking around about what might be coming," said one Samsung employee. Samsung declined to comment on potential changes; it often keeps the information secret even from those directly affected until a day or two before the official announcement. The Maeil Business Newspaper, a local business daily, recently reported the company could cut 20 percent of executive positions across the board, including 30 percent from its mobile division. More»
Amwal Al Ghad English - 2014-11-29 09:22:44
 Telecom Italia SpA (TIT) is considering Elisabetta Ripa for the post of Telecom Argentina SA chief, according to people with knowledge of the matter. Ripa, 49, currently leads Telecom Italia’s international wholesale and retail business arm and would replace Oscar Cicchetti as chief executive officer of the Argentine unit from January, the people said, asking not to be named as the deliberations aren’t public. The move would free Cicchetti, 63, to steer Telecom Italia’s wireless towers business in Italy for an initial public offering or sale, according to the people. A Telecom Italia representative declined to comment. A year ago, Telecom Italia unveiled plans to sell assets including wireless towers in Italy and Brazil to cut debt. Last week, Telecom Italia’s Brazil unit Tim Participacoes SA approved the sale of almost 6,500 mobile-phone towers in the country to American Tower Corp. for about 3 billion reais ($1.2 billion). More»
Amwal Al Ghad English - 2014-11-29 07:04:41
Vodafone (VOD.L) is reviewing potential acquisitions, including of Europe's leading cable operator Liberty Global (LBTYA.O), to counter the pending consolidation among rivals in Britain, five people close to the matter said. The internal deliberations at the world's second-biggest mobile operator, have picked up pace in recent days after broadband leader BT Group (BT.L) revealed it was in parallel talks to buy either EE or Telefonica's 02 (TEF.MC). If concluded, BT's foray into mobile is expected to tilt the market toward selling more all-included bundles of fixed and mobile services. That makes it more important for historically mobile-only companies such as Vodafone, EE, 02 and Hutchison's 3 to have their own fixed networks or be condemned to being simple resellers of BT's fiber. The attraction of Liberty, which is backed by U.S. billionaire John Malone, is its ownership of cable networks capable of carrying very high-speed broadband traffic to homes and business in nearly a dozen European countries. In Britain, Vodafone would get its hands on the broadband network of Liberty's Virgin Media, which covers around half of the country. That would bolster the broadband network Vodafone got in 2012 when it bought Cable & Wireless. More»
Wael Al Tokhy - 2014-11-27 13:19:11
The leading global ICT solutions provider, Huawei signed today a protocol on cooperation with Cairo University and the American University in Cairo (AUC), an official announced. According to Hakim Zhang - Huawei’s Vice President of Sales at Middle East and North Africa – the protocol aims to train around 2000 students in IT and cloud computing skills. Zhang has further referred that Huawei’s upcoming strategy in Egypt would be directed towards bolstering IT cooperation with the Egyptian government and private sector. Furthermore, Zhang stressed that the usage of cloud computing applications will be the key feature of Huawei’s strategy for the upcoming phase. Huawei Technologies Co. Ltd. is a Chinese multinational networking and telecommunications equipment and services company headquartered in Shenzhen, Guangdong. More»
Amwal Al Ghad English - 2014-11-27 09:13:08
Ericsson has been chosen by Mobinil (EMOB.CA) to enhance the Egyptian telecommunication company's network providing improved data services to its subscribers. Ericsson employees in Egypt and the Middle East region will provide professional services such as design and integration of the various nodes of the Packet Core as well as data migration services. The new five year agreement will bring enhanced connectivity to Mobinil's customers via Ericsson's Packet Core solution, a solution that provides a solid foundation for delivering mobile data services, according to the press release. An enhanced mobile broadband experience is an essential component of Ericsson's Networked Society vision, where every person and every industry is empowered to reach its full potential. In partnering with Ericsson, Mobinil will have the ability to empower its customers with the best in class solutions that will lead to an improved, faster mobile broadband connection across its Egypt network. More»
Amwal Al Ghad English - 2014-11-27 09:08:55
Samsung Electronics Co. said it would repurchase $2 billion worth of its shares, its first buyback in seven years, as it deploys a part of its hefty cash reserve to shore up its flagging share price. In a regulatory filing after the close of trading Wednesday, Samsung said it was returning the cash to improve shareholder returns and stabilize its stock price, which is down 12% so far this year. The buyback announcement comes after a number of high-profile stockholders and analysts have publicly called for improved shareholder returns. Samsung’s dividend yield, which measures a company’s annual dividend in relation to its share price, is around 1.2% — about half that of peers such as Intel Corp. INTC, +1.60% and Taiwan Semiconductor Manufacturing Co. 2330, +0.72% TSM, +1.18% The South Korean technology giant said that the buyback will include 1.65 million common shares, worth 1.96 trillion Korean won ($1.8 billion), and 250,000 nonvoting preferred shares, valued at 230 billion won, based on Tuesday’s closing price. Samsung shares 005930, +5.75% SSNLF, -1.91% finished the day up 0.9% at 1,201,000 won ($1,080), before the announcement. The buyback will take place over the next three months, but Samsung said it hasn’t decided whether to retire the repurchased shares or hold the stock in the company’s treasury. The company was also silent on the issue of its dividend. More»
Amwal Al Ghad English - 2014-11-26 08:52:22
Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units. Sales fell 2.5 percent in the fourth quarter to $28.41 billion, from $29.13 billion a year earlier, HP said on Tuesday. Analysts had expected $28.76 billion. Profit declined 2.7 percent to $2.01 billion, or $1.06 cents a share, compared with $1.01 cents a share a year ago, in line with analysts' expectations. On a more traditional accounting basis, profit declined 5.7 percent to $1.33 billion, or 70 cents a share, compared with 73 cents a share a year ago. "I've always said that turnarounds aren't linear," Chief Executive Meg Whitman told analysts on a conference call while highlighting HP's performance compared with three years ago, when she became CEO. "We're right where we thought we'd be." The enterprise group and enterprise services, areas that Whitman had previously flagged as growth drivers, showed revenue declines of 4 percent and 7 percent respectively. On the call, Whitman said she expected a slower decline in enterprise revenue next year. Enterprise services would be the biggest "swing factor" in the company's 2015 growth projections, she said. For next year, the company said it expects to earn $3.83 to $4.03 per share, up from $3.74 for 2014. The company's personal computer division, its largest and most mature, grew by 4 percent after a 12 percent jump in the prior quarter. Much of the growth in PCs was driven by a Microsoft Corp decision to quit supporting older software, a process that Whitman said was largely complete. The high-margin printer business shrank by 5 percent. The company said last month it would split into two listed companies next year, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan. "This separation was totally the right thing to do for this company," Whitman said Tuesday. "It is remarkable how it focuses the mind on overhead." HP shares fell 0.77 percent after closing up 0.35 percent at $37.63 on the New York Stock Exchange. More»