amwalalghad :: Tech news

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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

Nayera Eid - 2014-03-18 11:35:56
Hamdy Ellaithy, CEO at Linatel Telecommunications revealed that his company is negotiating with a numbers of banks to obtain EGP16 million loan aiming to expand its investments during the current year refuting to disclose the banks’ names while getting a loan. Ellaithy has quoted Amwal Al Ghad that the company is working to complete the necessary and required guarantees and procedures for obtaining a loan, noting that it will exploit the expected finance in developing its works in terms of infrastructure for the three mobile phone operators which conducted by the company to Vodafone, Mobinil and Etisalat. Linatel is currently investing new applications regarding the general services such as electricity malfunctions ,traffic conditions and others, Ellaithy asserted. He illustrated that Linatel is in talk with Electricity, Energy and Interior Ministries to use those applications in a public services. More»
Amwal Al Ghad English - 2014-03-18 07:52:20
Microsoft Corp Chief Executive Satya Nadella may unveil an iPad version of the company's Office software suite on March 27, a source familiar with the event told Reuters, and use his first big press appearance to launch the company's most profitable product in a version compatible with Apple Inc's popular tablet. Nadella, who replaced longtime CEO Steve Ballmer earlier this year, will address the media and industry executives in San Francisco on March 27. Investors for years have urged Microsoft to adapt Office for mobile devices from Apple and Google Inc, rather than shackling it to Windows as PC sales decline. But the Redmond, Washington-based software giant has been reluctant to undermine its other lucrative franchise, its PC operating software. Microsoft gives up some $2.5 billion a year in revenue by keeping Office off the iPad, which has now sold almost 200 million units, analysts estimate. Tech blog Re/code first reported news of Nadella's event. Microsoft said in an invitation to reporters that Nadella will discuss "news related to the intersection of cloud and mobile" but declined to comment on the specifics of the CEO's appearance. More»
Amwal Al Ghad English - 2014-03-17 12:25:58
UAE’s mobile operator Etisalat is considering to prepare its Egyptian unit ‘Etisalat Egypt’ for an initial public offering (IPO) in Egypt’s bourse, said chief financial officer Ehab Rushdi on Monday. The telecom operator is awaiting the suitable time for the share offering, the official said, adding that his company is currently preparing for such a move. Meanwhile, Rushdi noted that the stock listing requires favorable atmosphere including fair competition, in addition to strict legislations ensuring investors’ rights. The official also added that Etisalat has already laid down a plan for the IPO following talks with several global think-tanks and financial advisors. He indicated that Etisalat was set to launch the IPO but shelved such a move due to the country’s political turmoil. Etisalat is now studying again the Egyptian Exchange (EGX) listing with the same global and local institutions. It has shortlisted a number of global and local financial advisors in order to select the lead managers. The official stressed that listing on EGX will give Etisalat a competitive edge, especially after the delisting of Vodafone and Mobinil. More»
Nayera Eid - 2014-03-17 09:44:13
Eng. Mohamed Al-Nawawi, CEO of Telecom Egypt (TE) (ETAL-CA) said the volume of TE’s assets amounted to EGP22 billion at the end of 2013. Al-Nawawi added that TE has one of the largest real estate asset portfolios in Egypt, stressing that most of the company’s assets are buildings ,branches and centrals across republic. TE’s profits reached around EGP2.96 billion in 2013, whereas the company’s revenues amounted to EGP11.14 billion, Nawawi explained. The retail sector contributed with 43% of the company's revenues so the housing sector seized 27% of the company's business with about EGP3 billion revenues noting that the retail unit of the companies accounted for 17% of the company's revenue worth EGP1.8 billion. Moreover, the numbers of fixed line subscribers fell by 6.8 million users , while the number of internet subscribers up 7.1 million through TE Data , stressing that it accounts for 63.4 % of the market share of Internet users. More»
Amwal Al Ghad English - 2014-03-17 07:42:15
Britain's Vodafone has agreed to buy Spanish cable operator Ono for 7.2 billion euros ($10.03 billion) in a deal that is set to be announced on Monday, a person familiar with the matter told Reuters. The purchase of private equity-backed Ono will be Vodafone's third European fixed-broadband acquisition in two years as the company seeks to improve its networks and shore up its European businesses after the $130 billion sale of its U.S. arm. More»
Amwal Al Ghad English - 2014-03-15 13:25:58
Minister of Communications and Information Technology Atef  Helmy , announced that the National strategy of supporting using Free and Open Source Software (FOSS) in Egypt activated. The Ministry explained that the ministry, in a statement today that it had been assigning tasks to activate the strategy to the Software Engineering Competence Center(SECC) as a focal point of the government with regard to using Free and Open Source Software (FOSS). The Ministry said the strategy will contribute in achieving eight main goals as an actual value for this type of software, including delivering knowledge to all citizens at the lowest cost, along with improving the governmental sector of the state, support ICT sector and maximize the competitive environment in favor of the user, attaining technological independence as well as establishing sustainable knowledge society most notably the users and developers.Helmy also illustrated that the committee formulating the open source technology strategies will enact governmental policy aiming at including and using these technologies and adopting them as a national strategy for Egypt, noting that a pilot project for a complete transformation cycle for the ministries of ICT and local development was proposed. The government decision to purchase Microsoft software licenses and products to upgrade government agencies at a cost exceeding $43m has triggered anger among activists and specialists, who called the decision a waste of money and asked the government to use free open source software (FOSS), instead, last December. More»
Amwal Al Ghad English - 2014-03-15 08:40:28
International Business Machines Corp has not relinquished its customers' data to the U.S. government and would challenge any orders to do so, the company said in a blog post on Friday. The post by the world's largest technology service provider is the latest backlash by a tech company against U.S. electronic surveillance practices, after published reports on Wednesday that alleged the government used websites to break into computers. "IBM has not provided client data to the NSA or any other government agency under any surveillance program involving the bulk collection of content or metadata," Robert Weber, IBM's senior vice president of legal and regulatory affairs, wrote in the blog post. "If the U.S. government were to serve a national security order on IBM to obtain data from an enterprise client and impose a gag order that prohibits IBM from notifying that client, IBM will take appropriate steps to challenge the gag order through judicial action or other means," Weber said. He added that the New York-based company would challenge national security orders to obtain data stored outside the United States and that efforts to access that data should go through recognized legal channels like treaties. More»
Nayera Eid - 2014-03-13 13:07:59
Eng. Mohamed Al Nawawi, CEO of Telecom Egypt (TE)(ETAL-CA) revealed that the company two million home fiber optic cables will be coverage by the end of 2014, noting that covering the fiber will depend on 2000 units during the year. Al Nawawi  added on the sidelines of a press conference which has  held by TE  today to present its business results today that the company has completed during 2013 of all approvals and civil works for  connecting these fibers fully and began installing new infrastructure. He noted that the company will cover four million housing with  4000 fiber by 2015 at total cost of EGP1.6 billion. He pointed out that the number of fixed line subscribers fell to 6.8 million users, while the number of internet subscribers 1.7 million subscribers through TE Data , stressing that it accounts for 63.4% of the market share of Internet users. More»
Amwal Al Ghad English - 2014-03-13 12:32:01
Raya Distribution, the leading consumer electronics distributor, and Sico Technology Electronic Co.,Ltd have signed a strategic partnership agreement in order to distribute tablets, which carry the brand of ‘Sico in Egypt’. The contract signing took place at the  Mobile World Congress in Barcelona-Spain in the presence of Eng. Hesham Alayli CEO of National Telecommunication Regulatory Authority (NTRA), Bassem Megahed, Raya Trade CEO, Eng. Mohamed Salem, Sico CEO and Eng. Hossam Ezz, Raya Trade Distribution Director. The aim of this partnership is to  provide electronic products with the latest specifications and affordable prices to customers in Africa and Middle East. The strategic partnership entails the distribution of Sico Win Tab, the first tablet with the new Intel Processor "Intel Buy Trail N2805" and Windows 8 operating system. The companies will collaboratively introduce "Sico Smart Phone Pro" in cooperation with Qualcomm to Egyptian end consumers through Raya retail outlets in Egypt starting March 2014. More»
Amwal Al Ghad English - 2014-03-13 11:19:26
Raya Distribution, the leading consumer electronics distributor, signed a strategic partnership agreement with Sico Technology, the first Egyptian company producing and developing IT products, to distribute Sico tablets. The contract signing took place at the Mobile World Congress in Barcelona, Spain in the presence of Eng. Hesham El Alayly, Deputy Executive President of the NTRA, Bassem Megahed, Raya Trade CEO, Eng. Mohamed Salem, Sico CEO and Eng. Hossam Ezz, Raya Trade Distribution Director. The strategic partnership entails the distribution of Sico Win Tab, the first tablet with the new Intel Processor “Intel Buy Trail N2805” and Windows 8 operating system. The companies will collaboratively introduce “Sico Smart Phone Pro” in cooperation with Qualcomm to Egyptian end consumers through Raya retail outlets in Egypt starting March 2014. This strategic partnership aims at introducing cost-effective consumer electronics with the highest features for consumers in Egypt, the Middle East and Africa. The partnership capitalizes on Raya’s expertise in consumer electronics distribution with its extensive channels and retail outlets in Egypt, offering its customers value added services, various payment options and direct installment facility. Eng. Hossam Ezz stated that the quality of Sico products fulfills the Egyptian market’s need for locally produced IT products up to the international quality standards with competitive prices for the Egyptian market. Eng. Mohamed Salem added that this partnership agreement presents an important milestone for Sico products in Egypt capitalizing on Raya’s leadership in the consumer electronics distribution market for more than15 years. Sico Technology was established in June 2003 serving the Egyptian market for more than 10 years as one of the largest Egyptian companies leading the IT and telecom market. Sico Technology and Sico Electronics manufacture, distribute and provide after-sales services in cooperation with Raya. Sico Technology is a subsidiary of El Sayed Salem Group, founded in 1948 and is one of five companies operating in various industries such as the real estate market, among others. More»