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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        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        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        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 - 2014-09-18 08:37:38
Sony Corp. (6758) plunged the most in more than three years in Tokyo trading after the consumer-electronics maker widened its net loss forecast and said it won’t pay an annual dividend for the first time since its 1958 listing. The shares tumbled as much as 13 percent, the biggest intraday drop since March 2011, after Sony said yesterday it would post a net loss of 230 billion yen ($2.1 billion) this fiscal year because it was writing down the value of its faltering smartphone business. Sony Chief Executive Officer Kazuo Hirai has been working to turn around the company by emphasizing entertainment, computer games and mobile devices as demand for televisions and compact cameras has declined. With the Xperia smartphone lineup struggling, his options for reviving the company are limited to Hollywood movies, music and the PlayStation video-game business. “Sony should have done it earlier,” said Masahiko Ishino, an analyst at Advanced Research Japan Co. “A lot of people were questioning why it didn’t write down the mobile goodwill earlier as the business hasn’t been doing well since the beginning of the fiscal year.” Shares were trading at 1,873 yen as of 9:49 a.m. in Tokyo. More»
Amwal Al Ghad English - 2014-09-18 06:53:12
Sony Corp's game division head said he hopes the unit can raise its profit outlook for a second time this financial year as sales of the latest PlayStation console and subscription services for games and other content far exceed expectations. Andrew House, chief executive officer of Sony Computer Entertainment, also told Reuters in an interview on Thursday that he was certain the game division would further increase its operating profit next year. The division raised its operating profit outlook for the current year to next March to 25 billion yen ($230 million) from 20 billion when it last reported earnings in July. Sony had sold more than 10 million PlayStation 4 game consoles as of Aug. 13. House also said that Sony's cloud-based TV service, due to be launched in the United States before the end of the year, was an opportunity to expand the user base of its network services, now at 52 million, and that the firm was looking for more content providers after inking a deal with Viacom last week to stream 22 of its channels. More»
Amwal Al Ghad English - 2014-09-18 06:50:31
Apple Inc is hiring a head of law enforcement in Beijing to deal with user data requests from China's government, according to a public job listing, after it last month began storing private data on Chinese soil for the first time. According to the job listing, posted on professional networking site LinkedIn, the position will handle the "increasing number of third-party requests for access to Apple controlled data within China." The hiring of a head of law enforcement demonstrates the trade-off that comes with placing data storage within China, a move some technology companies avoid. Having a server in the country can provide faster service to domestic customers, but it also means China's government can demand those servers' data, as is the case in other countries. "The role will be directly responsible for the management, handling and issuance of appropriate responses to requests from law enforcement authorities, public prosecutors, and Courts etc. throughout China," said the posting on LinkedIn. Apple declined to comment, but referred Reuters to the company's new privacy policy including a section on government data requests. According to the Apple posting, the candidate would need to "educate requesters as to the data that can and cannot be supplied in particular circumstances while maintaining good working relations with requesters." More»
Amwal Al Ghad English - 2014-09-17 06:57:15
Sony Corp said on Wednesday it now expects a much deeper net loss and will not pay a dividend for this fiscal year, hit by a 180 billion yen ($1.7 billion) impairment charge in its mobile communications segment. The Japanese consumer electronics company now sees a 230 billion yen net loss for the year ending March 31, versus its previous forecast for a 50 billion yen loss. More»
Amwal Al Ghad English - 2014-09-17 06:38:27
Bigger is better and Apple Inc (AAPL.O) has finally realized that and given iPhone users a product that may be low on novelty but high on improvements, reviewers wrote. Most reviewers say that the iPhone 6 is the best smartphone available or "ever made", while the 5.5-inch iPhone 6 Plus has been described as a "phablet" that will give competition to Samsung Electronics Co Ltd's (005930.KS) Galaxy S line of 'big' Android phones. "I think it's a terrific phone. In my view, it's the best smartphone on the market, when you combine its hardware, all-new operating system, and the Apple ecosystem whose doors it opens," Walt Mossberg wrote of the 4.7-inch iPhone 6 in the tech blog Re/code. ( Geoffrey Fowler, who reviewed the phones for the Wall Street Journal, said Apple has "successfully addressed its size deficiency." ( Mossberg said the increase in the screen size is a "catch-up" feature. But it is seen as a welcome change by Fowler, who said the iPhone "felt stuck in a bygone era called 2012" before the launch of the bigger phones. More»
Amwal Al Ghad English - 2014-09-15 10:23:10
Phones 4u Ltd. bonds lost almost all their value as the closely held company sought protection from creditors and said it would close its stores after EE Ltd. and Vodafone (VOD) Group Plc ended contracts. Phones 4u’s 430 million pounds ($699 million) of bonds sold in March 2011 plunged 23 pence to 13.5 pence at 10:50 a.m. in London, according to data compiled by Bloomberg. The 9.5 percent bonds, which were quoted at 102 pence on Aug. 29, dropped 40 pence on Sept. 1 after Vodafone said it wouldn’t renew its agreement. EE told Phones 4u it doesn’t plan to sign a new contract with it on Friday, the retailer said yesterday. Phones 4u, which has 5,596 employees and 550 standalone stores and is owned by BC Partners Holdings Ltd., is under threat as carriers streamline their retail strategies, using fewer outside stores and building more of their own outlets. Vodafone and EE, whose current contracts end next year, make up 90 percent of the plans Phones 4u sells. “If the mobile network operators decline to supply us, we do not have a business,” Phones 4u Chief Executive Officer David Kassler said in the statement. “Today is a very sad day for our customers and staff.” More»
Amwal Al Ghad English - 2014-09-14 10:20:10
Customers may have to wait three to four weeks to get their hands on Apple Inc's (AAPL.O) iPhone 6 Plus, after a record number of orders for the company's latest smartphones strained available supply. The new iPhone 6 goes on sale on Sept. 19 in the United States but the company began taking online orders on Thursday. While the larger 5.5-inch "Plus" models now display a wait time of up to a month, the 4.7-inch version remains available for delivery on Sept. 19, Apple's website showed. Verizon Wireless (VZ.N), AT&T (T.N) and Sprint Corp (S.N), also showed shipment delays of up to six weeks on their respective websites. Apple said the pace of orders has so far outstripped any of its previous iPhones. “Response to iPhone 6 and iPhone 6 Plus has been incredible, with a record number of pre-orders overnight. Pre-orders are currently available online or through the Apple Store App,” spokeswoman Trudy Muller said. Apple routinely grapples with iPhone supply constraints, particularly in years that involve a smartphone re-design. The latest iPhones come with larger screens and some analysts had anticipated that production issues may keep a lid on initial runs. Its suppliers had scrambled to get enough screens ready because the need to redesign a key component had disrupted panel production, supply chain sources told Reuters last month. More»
Amwal Al Ghad English - 2014-09-14 09:17:33
Egypt Post started offering Suez Canal investment certificates for clients from 1600 of its offices across governorates in favor of Banque Du Caire, after the agreement with the bank. In related context, National Bank of Egypt (NBE), Banque Du Caire, Banque Misr and Suez Canal Bank continued offering investment certificates after it reached EGP39.5 billion. Meanwhile, the certificates began since September4 for 5 years with 12% annual fixed return.
Nayera Eid - 2014-09-13 13:05:26
Senior sources in Telecom Egypt (TE)(ETAL-CA) revealed that the government did not demanded from TE to pay the dues of obtaining the fourth Unified Licence for mobile phone which valued at EGP2.5 billion. The Egyptian Information and Communication Technology Ministry including National Telecommunication Regulatory Authority (NTRA) did not address TE since Cabinet announced its approval for the licence from more than one week with the aim of determining the way of payment, Sources asserted. TE seeks to pay the dues 'Cash' against obtaining Unified licence for providing mobile phone services through the available liquidity which exceeded EGP6 billion, the sources ruled out getting banking loans to pay the licence's value. Cabinet agreed from few days on the executive measures and the financial terms which have taken by NTRA to apply the regulative frame of Unified Licence. The price frame of Mobile license without the frequencies which granted to TE valued at EGP2.5 billion and fixed-line license for mobile operators, worth EGP100 million for each company.  The company is willing to provide the service in fully within 4-7 weeks at most. More»
Sara Emam, Eslam Salah - 2014-09-13 10:20:21
Huawei Egypt for information and communications technology (ICT) solutions provider is aiming to establish free zone giant project in Egypt within the upcoming period with the aim of launching center for collecting and exporting products in Middle East, Mr. Ding Yun, President of Products and Solutions and an Executive Director at Huawei revealed. Egypt has strategic location and the giant development projects which have implemented in the current stage to attract more investments to the country played an important role, Yun asserted. This comes on the sidelines of World-Economic Forum (WEF) Annual Meeting which held between Egyptian Investment Minister Ashraf Salman and Yun over reviewing the future plans of Huawei for the next phase. The Egyptian government will provide integrated program for protecting investments to Egypt, Salman added. It has discussed also the company's role in developing a number of countries including India, Russia, USA in addition to China where it has one of the largest centers for developing technological solutions across worldwide. More»