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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        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 - 2014-07-03 09:42:08
Telefonica SA (TEF) won European Union approval to merge its German unit with Royal KPN NV (KPN)’s E-Plus after it pledged to bolster smaller rivals and divest spectrum, the European Commission said. Telefonica must sell as much as 30 percent of the merged carrier’s network capacity to one or several virtual operators before it can close the takeover, EU regulators said in a statement today. The merged company must also offer to sell spectrum and assets to a potential new entrant to the market or to help virtual operators expand. It will also extend existing wholesale access deals. The EU decision caps almost a year of uncertainty for Telefonica’s 8.55 billion-euro ($11.7 billion) takeover of E-Plus. The deal creates Germany’s largest wireless carrier by customers, with 45 million connections, ahead of Deutsche Telekom AG and Vodafone Group Plc. (VOD) It also removes E-Plus as a competitive force that led on price cuts and innovations over the last decade. Telefonica’s concessions mean “the deal no longer poses competition concerns,” Joaquin Almunia, the EU’s antitrust chief, said at a press conference. “Now the three mobile operators will have more or less the same market share and the same strength” in Germany. More»
Amwal Al Ghad English - 2014-07-02 13:36:51
Egypt is finalising the details of a long-awaited unified licence for both mobile and landline telecommunications, its telecoms minister said in a statement on Wednesday, after the announced activation date of June 30 passed without implementation. "We are in the last stage to complete the details relating to the unified licence and the steps to create the unified entity," Atef Helmy told Reuters in a text message, without giving further details. The licence would allow telecoms firms to operate fixed-line and mobile networks, and therefore open the way for Egypt's fixed-line monopoly Telecom Egypt to offer mobile services. Egypt's three existing mobile service providers, Vodafone Egypt, Mobinil and Etisalat Egypt, have been eating away at Telecom Egypt's fixed-line services as more Egyptians opt to use mobile phones and the internet instead. Telecom Egypt has been relying on its data business to boost revenue and has been waiting to launch a new mobile operation that would complement its existing joint venture with Vodafone and rival the sector's two other players. In May, Telecom Egypt agreed to pay 2.5 billion Egyptian pounds ($350 million) for a mobile licence. More»
Amwal Al Ghad English - 2014-07-02 12:40:43
Google GOOGL +1.17% announced today that it has acquired New York based Songza, a music streaming company that is known for curating playlists and recommending them using a signature Concierge service. When selecting the Concierge feature, Songza will ask you to pick your mood or genre preference. Songza also senses your time of day to suggest curated playlists like “Mellow Escapist Evening” or “Classic Pop Wake-Up Call.” The playlists are curated by DJs and music journalists. Songza is available through its website, iOS, Android and Chromecast. The terms of the deal were undisclosed, but earlier rumors suggest that the price of the acquisition was $15 million. According to TechCrunch, there was a possibility that Songza was approached by other potential buyers, which may have raised the price “considerably.” Sources with The New York Times said that the deal was worth over $39 million several hours after the deal was announced. Employees will remain in Songza’s office in Long Island City, New York for the next few weeks and then will work out of Google’s NYC headquarters. Google said that nothing will change for Songza users following the acquisition. In the future, Google will find ways to “bring what you love about Songza to Google Play Music.” Songza features will likely be rolled into YouTube and several other Google products after the Google Play Music integration. Google said that Songza “built a great service which uses contextual expert-curated playlists to give you the right music at the right time.” More»
Amwal Al Ghad English - 2014-07-02 09:55:41
Egypt's Orascom Telecom Media and Technology Holding (OTMT) announced on Wednesday that it received an extension to the management contract of the Lebanese mobile telecommunications operator Alfa for a period of one additional month from July 1 till July 31, 2014. The company said, despite the extension’s short duration, it is committed to playing a positive role in developing Lebanon’s mobile phone sector. OTMT will continue to cooperate with the Lebanese Ministry of Telecommunications in pursuing a growth policy adopted since assuming Alfa management in 2009. More»
Amwal Al Ghad English - 2014-07-02 10:00:13
Microsoft Corp has joined Qualcomm Inc and other technology companies in a bid to establish standard ways for household devices like light bulbs and thermostats to talk to each other. The Qualcomm-backed AllSeen Alliance is among a growing number of efforts for companies working alone or in groups to promote protocols for how smart devices should work together in a trend increasingly referred to as the Internet of Things. Microsoft on Tuesday joined 50 other members in the AllSeen Alliance, including major consumer electronics players Panasonic Corp, LG Electronics Inc and Sharp Corp, the group said. But chipmakers that compete with Qualcomm plan to launch a rival standards consortium as early as next week, an industry source who was familiar with the plans but not authorized to discuss them, also told Reuters on Tuesday. Battle lines are being drawn as manufacturers roll out growing numbers of Internet-connected burglar alarms, televisions and baby monitors. But like the early days of video cassette recorders, many of the smart home products being launched are incompatible with each other. More»
Nayera Eid - 2014-07-01 11:41:25
An official Source in Vodafone Egypt revealed that in case of boosting fuel price Vodafone will increase prices for its services. In a statements to Amwal Al Ghad the source asserted that till now signal-strengthening network stations did not face any dilemma as result of lack of petroleum aids, stressing the prices of services and goods will be affected by boosting fuel prices most notably telecommunication services. The government announced earlier its intention to raise the subsidiary gradually for some materials and commodities that consumed the major part of subsidiary such as petroleum materials and fuel. Mobile operators requested previously to coordinate between National Telecommunication Regulatory Authority (NTRA) and Misr Petroleum Company so as to take separated line of fuel to ensure their acquisitions in mobile services. More»
Amwal Al Ghad English - 2014-07-01 08:23:47
Numericable Group (NUM), the cable carrier that agreed in April to the $23 billion acquisition of mobile operator SFR, agreed to buy Virgin Mobile in France from Virgin Group Ltd. and Carphone Warehouse Group Plc. The agreement was reached after negotiations with employee representatives and requires approval from administrative authorities, Altice SA (ATC), the investment company of billionaire Patrick Drahi that owns Numericable, said in a statement today. Numericable made an offer last month for Virgin Mobile’s French business valuing it at 325 million euros ($444 million) including debt. Drahi is expanding his grip on cable and mobile companies as the European telecommunication industry consolidates to reduce costs and revive earnings. Luxembourg-based Altice raised about $1.2 billion last week selling new shares to help fund an increase of its stake in Numericable and cut debt. Virgin Mobile, with 1.7 million customers, is France’s largest mobile virtual-network operator, selling wireless packages without deploying its own network in full. MVNOs had an 11.3 percent share of the French mobile market in the first quarter this year, according to regulator Arcep. Virgin Mobile is controlled by holding company Omer Telecom Ltd. More»
Nayera Eid - 2014-06-30 12:50:51
Egyptian Company for Mobile Services (Mobinil) – (EMOB.CA) denied media reports about Orange SA's plans to divest of its stake in Mobinil. Mobinil’s ownership structure is distributed as 1.08% for stock exchange free trade, 5% for Orascom Telecommunication and 94% for Orange French Company. In this respect, Mobinil CEO Yves Gouthier said Orange was not considering selling its stake in Mobinil on the back of losses which achieved by the company in the last 2 years, asserting the French company's continuation to invest in the local market. In a statements to Amwal Al Ghad,  Gouthier explained that the owner company of Mobinil sees the Egyptian market as the most growing market describing it as 'promising'. It is expected that Egypt will witness a remarkable growth in economic terms by the end of the current year, he added. More»
Nayera Eid - 2014-06-30 10:45:34
 Egyptian Company for Mobile Services (Mobinil) – (EMOB.CA) CEO Yves Gouthier revealed that increasing mobile services 'sound and internet' may be implement after what was circulated around boosting fuel prices between 50/100 penny. The government announced earlier its intention to raise the subsidiary gradually for some materials and commodities that consumed the major part of support such as petroleum materials and fuel. Speaking to Amwal Al Ghad Gouthier added that the petroleum and fuel materials seized the major rate to strengthen its network whether by operating the direct towers and providing alternative solutions to run other networks in case of cutting the electricity. Mobinil requested previously to coordinate between National Telecommunication Regulatory Authority (NTRA) and Misr Petroleum Company so as to provide separated line of fuel to mobile phone operators to ensure its share of mobile services. More»
Amwal Al Ghad English - 2014-06-28 13:38:00
Two bombs exploded at a small telephone exchange on Cairo's outskirts on Saturday, killing an 18-year-old woman and her mother, security sources said, days after a string of small bomb explosions hit the Egyptian capital's metro network. The two bombs had been stored the exchange building which was still under construction, security sources and a judicial source said, adding they assumed the devices had been intended for use elsewhere. The unfinished concrete building partially collapsed in the blast. The two women killed were the wife and daughter of a construction site guard, who lived in an annex to the building in 6th of October City, an eastern satellite district of Cairo. An official at the site told reporters telephone services would return within two days to around 800 people whose lines were affected. More»