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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        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        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        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 - 2014-12-28 09:04:25
North Korea called U.S. President Barack Obama a "monkey" and blamed Washington on Saturday for Internet outages it has experienced during a confrontation with the United States over the hacking of the film studio Sony Pictures. The National Defense Commission, the North's ruling body chaired by state leader Kim Jong Un, said Obama was responsible for Sony's belated decision to release the action comedy "The Interview", which depicts a plot to assassinate Kim. "Obama always goes reckless in words and deeds like a monkey in a tropical forest," an unnamed spokesman for the commission said in a statement carried by the official KCNA news agency, using a term seemingly designed to cause racial offense that North Korea has resorted to previously. In Hawaii, where Obama is vacationing, a White House official said the administration had no immediate comment on the latest North Korean statement blaming the United States for the Internet outages and insulting the president. Sony canceled the release of the film when large cinema chains refused to screen it following threats of violence from hackers, but then put it out on limited release after Obama said Sony was caving in to North Korean pressure. Obama promised retaliation against North Korea, but did not specify what form it would take. North Korea's main Internet sites suffered intermittent disruptions this week, including a complete outage of nearly nine hours, before links were largely restored on Tuesday. But its Internet and 3G mobile networks were paralyzed again on Saturday evening, China's official Xinhua news agency reported, and the North Korean government blamed the United States for systemic instability in the country's networks. Dyn Research, a U.S. firm that monitors telecommunications infrastructure, said on Saturday that North Korea's Internet access had been restored after a national outage that lasted more than five hours. Jim Cowie, Dyn's chief scientist, said it was a "sharp" outage that appeared to immediately sever access across the nation, and the restoration also appeared to be equally fast. "It could have been something as routine as maintenance or it could have been a continuation of the things we saw in the past week, which looked more like attacks," Cowie said. In its statement on Saturday, the North again rejected an accusation by the U.S. Federal Bureau of Investigation that North Korea was behind the cyberattack on Sony Pictures, and demanded the United States produce evidence for its allegation. The National Defense Commission also dismissed U.S. denials of involvement in North Korea's Internet outages. "The United States, with its large physical size and oblivious to the shame of playing hide and seek as children with runny noses would, has begun disrupting the Internet operations of the main media outlets of our republic," it said. In a separate commentary, the North denied any role in cyberattacks on South Korea's nuclear power plant operator, calling the suggestion that it had done so part of a "smear campaign" by unpopular South Korean leaders. A South Korean official investigating the attacks this week, which led to leaks of internal data from Korea Hydro and Nuclear Power, said Seoul was not ruling out North Korean involvement. "The South Korean puppet authorities are working hard to link this case with (us), though the truth about it has not been probed," Minju Joson, the official publication of the North's cabinet, said in a commentary carried by KCNA. More»
Amwal Al Ghad English - 2014-12-27 13:29:55
Huawei’s Chairwoman Sun Yafang today met Egyptian President Abdel Fattah al-Sisi to discuss ways of expanding cooperation between Egypt and Huawei in areas such as communications networks and ICT construction. Huawei has operated in Egypt for 15 years, emerging as one of the country’s major communications equipment vendors. During that time, Egyptian ICT infrastructure and network penetration rates have improved significantly. In today's digital era, the life of the Egyptian people has been enriched through communications, a process in which Huawei has been lucky enough to participate. Its high-quality products and services have helped build customer trust, enabling Huawei to grow together with Egypt's communications industry. From his part, President Sisi said; “We appreciate the constant investment of leading high-tech companies such as Huawei. We welcome Huawei to continue enhancing the national communications networks’ coverage for the country, and to help Egypt improve the informationization of its government and public utilities.” Sun talked about Huawei's development and future plans in Egypt: “We've long recognized the importance of Egypt in our globalization drive, regarding the nation as a regional hub. We set up the headquarters of our Northern Africa Regional Office in Egypt in 1999. Later, we established multiple centers of expertise in Egypt, including our Middle East and Northern Africa Training Center, Technical Assistance Center, and Application and Software Research Base. We are willing to share our successful government informationization experience in other areas with Egypt and apply the leading communication technology and solutions in Egypt. In the future, we’ll also share the experience we’ve gained from Egypt regarding ICT planning, construction, and cooperation with other parts of the world.” Both parties also discussed Huawei’s participation in key ICT projects, and the ways in which ICT technologies can benefit the Egyptian economy. In addition, Huawei is committed to corporate social responsibility in Egypt, and cooperates with universities and training institutes to cultivate local talent. Over the years, Huawei has nurtured more than 5,000 technical professionals in Egypt, directly employed nearly 700 local people, and indirectly created more than 2,000 local jobs. Next year, Huawei will launch its talent development program, “Seeds for the Future,” in Egypt to bring outstanding students and young engineers to Huawei headquarters for training. Huawei will continue to set up training centers in partnership with higher education and training institutes to help Egypt develop its first generation of ICT talent. Currently, ICT is a powerful engine that drives many industries. Huawei actively promotes ICT development in countries where it operates to enable socioeconomic and environmental sustainability. Huawei pledges to share its ICT expertise with local communities and to use ICT to help them establish better education systems for developing ICT talent. More»
Nayera Eid - 2014-12-27 11:43:51
Sherif Hashem, VP of the Egyptian Computer Emergency Response Team (EG-CERT), is likely to become the chairman of newly-formed Supreme Council of Infrastructure, Communications, and IT Security, said government source to Amwal Al Ghad. According to a senior source from Egyptian Communications and IT Ministry, the new council aims to secure the information date of every sector in the state through more advanced and specialized ways. He affirmed that the diversity of vital sectors needs different strategies to deal with cyber security. Sheriff Hashem is the Senior Cyber Security Advisor to the Minister of Communications and Information Technology, and the Executive Vice President of the Information Technology Industry Development Agency (ITIDA), Egypt From his part, Hashem affirmed that he had not received any official nomination yet pointing out that formation of the Supreme Council of Infrastructure, Communications, and IT Security would not oppose to CERT's objectives which are committed to the current telecommunication regulation laws. More»
Amwal Al Ghad English - 2014-12-27 10:50:32
If Apple Inc.’s year had a theme, it was the year the company finally started to chip away at that colossal hoard of cash. After a little nudging by activist investor Carl Icahn, Apple AAPL, +1.77% boosted its share-buyback program in April to $90 billion and increased the pace of capital returns. New data from FactSet show that Apple has been the biggest buyback spender of 2014 among the S&P 500, pouring more than $56 billion into the program on a trailing 12-month basis as of the end of the third quarter. That’s nearly three times the outlay of runner-up IBM Corp. IBM, +0.32% which spent $19.2 billion. Apple bought back $17 billion in shares last quarter, a 240% year-over-year increase that marks the second-highest dollar amount spent on buybacks during a quarter by any individual company in the S&P 500 since 2005, when FactSet began tracking the data. It’s second only to Apple’s own record of $18.6 billion set in the first quarter as part of the same buyback program. Morningstar analyst Brian Colello said that while it’s not all surprising the world’s most valuable company would top a list such as this given its enormous cash cushion, he said the buybacks have undoubtedly been a “big contributor” to the stock’s strong performance in 2014. Adjusted for a 7-for-1 stock split earlier this year, shares of Apple have climbed more than 43% over the last 12 months. Since hitting a 52-week low back on Jan. 30, they have been on the march higher — flirting with all-time highs since September. “It showed that management was confident in its upcoming product launches and helped to put a floor into the company’s valuation during times of skepticism,” said Colello. Apple is the world’s most valuable company, with a $641.7 billion market cap, almost double the market valuations of the next companies on that list, Microsoft Corp. MSFT, -0.54% and Exxon Mobil Corp. XOM, -0.61% both valued around $377 billion. In total, the S&P 500 companies spent an aggregate $143.4 billion on share repurchases last quarter and $567.2 billion on a trailing 12-month basis. Those figures represent 16% and 27% respective increases from the same periods last year and put Apple’s contribution at 11.8% and 8.1%, respectively. Icahn’s insatiable appetite for returns, though, is rarely satisfied. The billionaire sent yet another letter to CEO Tim Cook in October saying the stock would be much higher if Apple spent a total of $100 billion on share repurchases. To provide perspective, that would represent 64% of Apple’s $155 billion in total cash, cash equivalents and marketable securities, as of its most recent 10Q filing. More»
Amwal Al Ghad English - 2014-12-27 10:34:16
Amazon.com Inc said on Friday it drew more than 10 million new members to its Prime shipping and digital content service over the holidays and intends to offer one-hour shipping to more cities in 2015. Amazon considers its $99-a-year Prime membership, which confers free two-day shipping and streaming of select movies and songs, essential to driving its growth and margins. It was unclear, however, how many of the 10 million new members were just taking advantage of a standing 30-day free trial offer. The Internet retailer has never disclosed the precise number of Prime subscribers, except to say it is in the tens of millions. Analysts estimate it is growing at a rapid clip, and the company continues to try and spice it up with new content. The company's shares climbed 2.07 percent to $309.31 in midday Nasdaq trading. Amazon said customers ordered more than 10 times as many items via same-day delivery this holiday season, compared with a year earlier. It did not reveal figures for Prime Now, the novel one-hour delivery option unveiled for parts of New York City's Manhattan borough just this month. "We are working hard to make Prime even better and expanding the recently launched Prime Now to additional cities in 2015," CEO Jeff Bezos said in a statement. Amazon also said nearly 60 percent of its customers shopped via a mobile device this holiday, and total holiday sales through its smartphone app doubled this year. That may reflect "showrooming," when customers browse physical stores but make their purchases online. "Mobile continues to accelerate the secular shift from offline to online purchases," said R.W. Baird analyst Colin Sebastian. "Consumer use-cases for last-minute shopping, in-store purchases and price comparison continue to expand." More»
Amwal Al Ghad English - 2014-12-27 10:32:30
Iran is to expand what it calls "smart filtering" of the Internet, a policy of censoring undesirable content on websites without banning them completely, as it used to, the government said on Friday. The Islamic Republic has some of the strictest controls on Internet access in the world, but its blocks on U.S.-based social media such as Facebook, Twitter and YouTube are routinely bypassed by tech-savvy Iranians using virtual private networks (VPNs). Under the new scheme, Tehran could lift its blanket ban on those sites and, instead, filter their content. The policy appears to follow President Hassan Rouhani's push to loosen some social restrictions, but it was not clear if it would mean more or less Internet freedom. Iranians on Twitter expressed concern that, as part of the new policy, the government would try to block VPN access to such sites. "Presently, the smart filtering plan is implemented only on one social network in its pilot study phase and this process will continue gradually until the plan is implemented on all networks," Communications Minister Mahmoud Vaezi said, according to official news agency IRNA. He appeared to be referring to Instagram, the photo-sharing site owned by Facebook, which is already being filtered, but not blocked. Instagram was initially available uncensored in Iran but some user accounts were subsequently blocked, notably @RichkidsofTehran, a page full of photos of young, rich Iranians flaunting their wealth. In a cat-and-mouse game, another account dedicated to the same pursuits quickly appeared under the name @RichkidsofTeh. "Implementing the smart filtering plan, we are trying to block the criminal and unethical contents of the Internet sites, while the public will be able to use the general contents of those sites," Vaezi told a news conference. The policy would be fully in place by June 2015, he said. Iranian authorities are not only concerned about what might be considered morally dubious content, which in Iran could be anything from pornography to realtively innocuous images of women not wearing the mandatory Islamic dress, but also material that might be politically damaging. Social media were widely used in the anti-government protests of 2009 to organize and spread news about a movement that was eventually crushed by security forces. Under former president Mahmoud Ahmadinejad, Tehran floated the idea of replacing the Internet with a national intranet that would not be connected to the worldwide web and would be controlled by Iranian authorities, a plan than appears to have fizzled out. More»
Amwal Al Ghad English - 2014-12-25 09:49:48
Facebook Inc must face a class action lawsuit accusing it of violating its users' privacy by scanning the content of messages they send to other users for advertising purposes, a U.S. judge has ruled. U.S. District Judge Phyllis Hamilton in Oakland, California, on Tuesday dismissed some state-law claims against the social media company but largely denied Facebook's bid to dismiss the lawsuit. Facebook had argued that the alleged scanning of its users' messages was covered by an exception under the federal Electronic Communications Privacy Act for interceptions by service providers occurring in the ordinary course of business. But Hamilton said Facebook had "not offered a sufficient explanation of how the challenged practice falls within the ordinary course of its business." Neither Facebook nor a lawyer for the plaintiffs responded to a request for comment Wednesday. The lawsuit, filed in 2013, alleged that Facebook scanned the content of private messages sent between users for links to websites and would then count any links in a tally of "likes" of the pages. Those "likes" were then used to compile user profiles, which were then used for delivering targeted advertising to its users, the lawsuit said. The complaint alleged that the scanning of the private messages violated the federal and California state law. According to Tuesday's ruling, Facebook ceased the practice at issue in October 2012. But the company said it still does some analysis of messages to protect against viruses and spam, the ruling said. The lawsuit was filed by Facebook user Matthew Campbell and seeks class action status on behalf of U.S. users who sent or received private messages that included website addresses in their content. The case is Campbell v. Facebook Inc, U.S. District Court, Northern District of California, No. 13-5996. More»
Amwal Al Ghad English - 2014-12-25 09:36:33
Well-known youth activist Wael Ghoneim has said he has left his job with Google after a six year stint to found a start-up that aims to “disrupt the social/news space”. Ghoneim, 34, shot to fame during the 2011 revolution which forced out longtime autocrat Hosni Mubarak. In 2010, he set up a Facebook page in the memory of an activist, Khaled Said, who was tortured to death at the hands of the police. The page focused on human rights abuses and brutality of police, galvanizing anger and calling for marches that, along with other strikes and protests, morphed into nationwide demonstrations that ultimately swept president Hosni Mubarak from power in February 2011. "I officially resigned from Google after 6 years of being with the company that changed my life. Its been an amazing journey, and I'm really grateful to everything Google did for me," Ghoneim on his official Facebook page, writing in English. "As I'm turning 34, I thought it's time for some new challenge," he added, saying that he has co-founded A start-up "to explore some potential disruptions in the social/news space." He did not give further details. Once lauded as a hero, Ghoneim, like many other youth activists, has since fallen foul of pro-government media and has been portrayed as a traitor serving foreign agendas. More»
Amwal Al Ghad English - 2014-12-24 16:15:01
Microsoft announced today the availability of the Microsoft Lumia 535 Dual SIM, the first Microsoft branded smartphone, in Egypt. For Lumia 535, Microsoft is offering five great integrated Microsoft experiences which include; - Making Skype video calls with the 5 MP wide angle front facing camera, and seamlessly switch between voice and video with built-in Skype integration. - Accessing, editing and sharing Word, Excel and PowerPoint documents and OneNote notebooks, with the pre-installed Office suite. - Saving and syncing photos, videos and Office documents securely with 15GB of free OneDrive cloud storage. - Ability to connect with work and personal e-mail while on the go, with Microsoft Outlook built-in. - Showcase photos and videos or get even more productive with the large, 5 inch qHD display. - Never miss a call or text, and be reachable on both SIM cards at any time with Smart Dual SIM for maximum flexibility. "Many people, especially the younger audience, aspire to own the latest flagship smartphone but often don't have the means to get it," says Mariam Abdullahi, General Manager Microsoft Mobile Device Sales, East Africa. "With access to the best services right out of the box, including the Windows Phone 8.1 update, Lumia Denim, The Lumia 535 Dual SIM helps people do more of what they want, for less." Following the launch special, recommended retail price for the Microsoft Lumia 535 Dual SIM is EGP 999, and the device will be available in a range of colours including orange, white and black. More»
Amwal Al Ghad English - 2014-12-24 10:35:29
China's Huawei Technologies Co Ltd [HWT.UL] has taken sales of its low-price Honor brand of smartphones to 20 million from 1 million in just one year, hitting pay dirt with the disruptive online-only strategy it copied from smaller upstart Xiaomi Inc [XTC.UL]. Given the early signs, Huawei executives hope to emulate the phenomenal growth of Xiaomi, which broke into the global top five in just a few years - a success not likely to go unnoticed by the growing ranks of low-cost Chinese smartphone makers. But analysts say the low-cost strategy has fanned the price wars and thin profit margins prevalent in China, and that its spread could affect margins at all makers. Honor brand president Jeff Liu said industry transition to an online sales strategy was inevitable given the competitive pricing, afforded by reduced distribution expenses that would otherwise make up 30 percent of handset costs. "E-commerce is massively changing the traditional channels for the smartphone industry, and we needed to go in that direction too," Liu said in an interview in Beijing, where he unveiled the Honor 6 Plus smartphone last week. Honor handsets dropped the Huawei name last December and have since been marketed and distributed independently of Huawei-branded phones. They are sold in countries ranging from Belgium to Brazil, primarily via marketplaces such as those of JD.com Inc in China and Flipkart Online Services Pct Ltd in India. The brand makes up a quarter of Huawei's 2014 shipment goal, and in the third quarter, helped the Shenzhen-based telecoms equipment maker pip Xiaomi to the number three spot in global market share, according to data from Gartner. CLOSE RACE Huawei is not the only Chinese smartphone maker to notice Xiaomi's online approach. Lenovo Group Ltd in October said it would sell a line of devices by Internet only, though it has released few details. The strategy has taken off in this year in particular. Privately owned Xiaomi, valued at over $45 billion, sold 15.8 million smartphones in July-September versus Huawei's 15.9 million, according to Gartner. A year earlier, Xiaomi reached just 3.6 million compared with 11.7 million for Huawei. "It's going to be a very, very close race this next year," said Counterpoint Research analyst Neil Shah. Huawei has been pushing the Honor brand in Europe and Latin America, in contrast to Xiaomi which mainly targets China and India, Shah said. "If Huawei is strong in two or three markets, it balances out Xiaomi doing well in China," he said. THIN MARGINS Huawei has long sought to establish a brand outside of China, but the online model it has adopted for Honor could export the price-sensitive market conditions it seeks to avoid. The continued success of Xiaomi and its aggressive pricing is likely to squeeze profitability in the medium term for nearly all handset makers except market leader Samsung Electronics Co Ltd and high-end handset maker Apple Inc, Fitch Ratings said in a report in October. A regulatory filing showed Xiaomi's operating profit margin was just 1.8 percent, though the smartphone maker said the figure did not take into account all aspects of its business. By comparison, Samsung's 2013 margin was 18.7 percent. Honor "doesn't make money but doesn't lose money," said brand president Liu. To widen the profit margin, Honor needs to raise its image and woo wealthier consumers with high-spec products, Huawei consumer division chief Richard Yu told reporters last week. "If Huawei wants to survive, we have to win in developed markets like Europe, a high-end market," said Yu. "Next year is very important for us to target the high segment." More»