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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        National Development Bank   6.72        Six of October Development & I   15.03        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        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        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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 - 2015-04-15 14:40:23
According to the latest Networked Readiness Index (NRI) from the World Economic Forum, Egypt was ranked 94 top for digital in the North Africa and Middle East region. The United Arab Emirates is top for digital in the North Africa and Middle East region, and 23 worldwide followed by Qatar, Bahrain, Saudi Arabia, Amman, Kuwait, Morocco and Tunisia. The NRI is part of the World Economic Forum’s Global Information Technology Report 2015: ICTs for Inclusive Growth and scores nations on four counts of their readiness to exploit new digital technologies: 1) the regulatory and business environment, 2) infrastructure, affordability, and skills, 3) usage by businesses, individuals and government, and 4) social and economic impact. More»
Amwal Al Ghad English - 2015-04-15 13:13:30
Facebook founder Mark Zuckerberg offered users a glimpse into his life and a chance to ask him anything with a question & answer session on the social networking site Tuesday. Zuckerberg answered questions about his work life.  He spends 50-60 hours a week working in Facebook’s Menlo Park offices. More»
Amwal Al Ghad English - 2015-04-15 09:15:14
Hackers affiliated with the Islamic State (IS) militant group hacked this morning into the Twitter account of popular Egyptian music radio station Nogoum FM and sent tweets urging people to join the group and support the ‘Caliphate’. The radio station announced later Wednesday in a tweet that the account was restored. "Our people in Egypt why do you call your caliphate Daesh, that name spread by the infidel secular media? Why do you support us!?" said one of the tweets posted by IS hackers. The word Daesh, which stands for the Islamic State in Iraq and Levant in Arabic, is hated by IS and its supporters who consider it demeaning and prefer to use Islamic State. More»
Amwal Al Ghad English - 2015-04-15 08:28:24
The European Union will accuse Google Inc on Wednesday of abusing its dominant position in Internet searches, opening the U.S. tech company up to a risk of massive fines and enforced changes in its business model, the Financial Times and Wall Street Journal said on Tuesday. However, two sources familiar with the matter told Reuters that a formal antitrust charge sheet will not be ready for Wednesday and could take several more months to draw up. The EU can impose fines of up to 10 percent of global turnover, or more than $6 billion in penalties in Google's case. Vestager, who had indicated she would not be rushed into a decision on the five-year-old case, is due to fly to the United States later on Wednesday for a high-profile working visit. Americans, including business leaders and President Barack Obama, have questioned EU efforts to curb the power of U.S. tech companies. More»
Amwal Al Ghad English - 2015-04-15 08:03:03 Inc, China's No. 2 e-commerce player, on Wednesday launched its JD Worldwide cross-border online shopping platform, a challenger to Alibaba Group Holding Ltd's Tmall Global service. JD Worldwide will allow Chinese shoppers to buy imports from U.S. firms such as Nike Inc, Starbucks Corp and Ocean Spray Cranberries Inc, as well as products from countries like Australia, France, Germany, Japan, South Korea, New Zealand and the United Kingdom, said in a press release. Overseas suppliers will provide more than 1,200 brands, without those merchants requiring a presence in China. More»
Amwal Al Ghad English - 2015-04-15 07:51:28
Chipmaker Intel Corp forecast revenue broadly in line with Wall Street's expectations and signaled a hefty cut in capital expenditures this year, lifting its shares in after-hours trading. The company, world's largest semiconductor maker, hit the drastically lower revenue forecast it offered for itself last month, and investors breathed a sigh of relief that the company, which is struggling with shrinking demand for PCs, did not have any more bad news. "It's slightly better than feared," said Christopher Rolland, an analyst at FBR Capital markets. "It looks like bottom line impacts are mitigated by better expenses, interest income and taxes." Intel forecast current-quarter revenue of $13.2 billion, plus or minus $500 million, based on expectations of stronger demand for its personal computer chips and continued strength in its data center business. Analysts were expecting $13.51 billion, according to Thomson Reuters I/B/E/S. For the full year, Intel forecast flat revenue, also in line with Wall Street's estimates. More»
Amwal Al Ghad English - 2015-04-15 07:24:19
Finnish telecom network equipment maker Nokia has agreed to buy Alcatel-Lucent in an all-share transaction that values its smaller French rival at 15.6 billion euros ($16.6 billion). Nokia will give Alcatel-Lucent shareholders 0.55 shares in the combined company for each of their old shares, resulting in 33.5 percent of the entity being in Alcatel's hands and Nokia having 66.5 percent if the public exchange offer is fully taken up. The deal will be finalized in the first half of 2016 and is expected to result in 900 million euros of operating cost savings by the end of 2019, the companies said on Wednesday. More»
Amwal Al Ghad English - 2015-04-14 16:37:01
After more than four years of regulatory scrutiny by the European Union, Google Inc. may finally be facing fines and new constraints on how it delivers internet search in a region that makes up an estimated one-third of the company’s revenue. Google and rivals are preparing for a decision as soon as this week on how the EU will proceed with an antitrust investigation, people familiar with the matter have said. Under the new leadership of Competition Commissioner Margrethe Vestager, the EU stepped up the probe into Google in December, when regulators sought additional information from rivals involved in Internet maps, travel and other services. With Google commanding almost all of the search market in some European countries, critics including Microsoft Corp. and Expedia Inc. are fed up with the company, which they say highlights its own Web services in query results at the expense of rivals. While a decision hasn’t been announced and many legal hurdles would remain, Vestager has several levers she could use to penalize Google, including hefty fines and potential changes to how it presents its own services in search results. “It’s a serious investigation with serious consequences if the EU chooses to bring a case and has evidence,” said Spencer Waller, an antitrust professor at Loyola University School of Law in Chicago. “What happens in almost every case involving the abuse of a dominant position is some combination of a fine and an order to change the behavior in different ways.” Gina Scigliano, a spokeswoman for Google, declined to comment. Settlement Effort The Mountain View, California-based company had sought to avoid fines and sidestep any finding that it violated antitrust laws by trying for two years to reach a settlement with the EU. Negative feedback from rivals forced the EU to abandon such a pact. Competitors objected to Google’s proposal that they pay for their services to be displayed next to Google’s above search results. Vestager took a fresh look at the case and pledged to meet with Google and its opponents before deciding the way forward. Guenther Oettinger, the EU’s digital commissioner, expects “far-reaching” steps from her soon, he told Die Welt in an interview on Sunday. For Google, the European market contributes about 35 percent of its revenue, according to Carlos Kirjner, a New York-based analyst at Sanford C. Bernstein & Co. Its market share in search exceeds 90 percent in most European markets, compared with about 65 percent in the U.S. Fining Power One instrument that the EU wields is the right to fine the company as much as 10 percent of its annual revenue. It previously fined Intel Corp. 1.06 billion euros ($1.1 billion) and ordered that it abandon price rebates to computer manufacturers that used only its chips. Microsoft Corp. was fined more than 2.24 billion euros in its decade-long antitrust battle with the EU. Fining Google 10 percent of its annual sales would cost the company $6.6 billion, based on last year’s revenue. That would be among the largest levied against a company in this type of case. The EU has never demanded the maximum, however, and such a fine would be easily absorbed by the company’s $64.4 billion in cash, equivalents and short-term investments. Fines may not be Google’s most difficult challenge. The EU also can demand that the company change how search results are generated or displayed. That would not only impinge on Google’s autonomy in how it runs its core business but could also slash revenue. Highlighting Google+ A search today for coffee bars in London on Google’s U.K. service, for example, will highlight results for the company’s Google+ feature, which includes information on regional shops. Yelp Inc. and TripAdvisor Inc. say the Google+ results are unfairly promoted above better information from their own services. Google needs to change search results that lift the ranking of its own services, said Christoph Klenner, secretary general of the European Technology and Travel Services Association in Brussels. The EU may insist that Google reduce the screen real estate reserved for paid ads to give more website providers a chance to appear among the top results without paying. Regulators should consider forcing Google to better index other websites to display higher-quality results for rival mapping or news services, said Michael Weber, chief executive officer of, which was among the original complainants in 2010. Competing visual services like video and maps could be afforded fairer treatment by rotating providers or offering users thumbnails to select their preferred service, he said. “I would hope that Google reverts to fostering a multitude of Web-service providers, rather than seeking to eliminate anyone with a competing product,” Weber said. “Maybe it would eat into their profit for a year or two, but in the long run, it can only be good for them if they’re not the only player around.” Defense Process If Google receives a statement of objections, which may be several weeks away, it can defend itself in writing or at a hearing. That process may take months, and a final decision isn’t likely to arrive before next year. A 20-month U.S. antitrust probe that wrapped up in 2013 concluded that the company was motivated more by wanting to improve its search results and user experience than by a desire to stifle competition. More-aggressive action by the EU may spur similar activity elsewhere, said James Cakmak, an analyst at Monness Crespi Hardt & Co. “The bigger risk is the potential impetus to other jurisdictions in going after Google,” he said. “If Europe sees any level of success, you could see other jurisdictions try to piggyback off Europe’s efforts.” Persuasive Power Yet the result of the U.S. Federal Trade Commission case also shows that Google can convince regulators of the value of its services over potential harm to rivals. A possible settlement allows Google to determine its own fate, and even a binding order can be challenged in EU courts. “The complaint would be an important milestone in the Google investigation, but it’s not the end of the road,” said Allen Grunes, an attorney at Konkurrenz Group in Washington and a former antitrust lawyer with the Justice Department. “They can certainly contest it. I wouldn’t expect them to fall on their sword.” More»
Amwal Al Ghad English - 2015-04-14 10:42:36
Egyptian Minister of Communication and Information Technology Khaled Negm will meet today with representatives of the Internet Revolution campaign to discuss their demands and major connection problems occurring nationwide. The campaign representatives stated- through their Facebook account- that they are aware of the problem’s volume and that is why they tried to communicate with the authorities represented in the ministry and the country’s telecom regulator, the National Telecommunication Regulatory Authority (NTRA). The representatives affirmed they would precede meeting authorities and officials until their requests are met. More»
Amwal Al Ghad English - 2015-04-14 10:40:30
Finnish telecommunications-equipment maker Nokia Corp. is in advanced talks to purchase French rival Alcatel-Lucent SA, the two companies said Tuesday, a deal that would create a new global networking behemoth to rival Sweden's Ericsson and China's Huawei Technologies. The deal currently under consideration is a "full combination" that would entail Nokia making a public offer for Alcatel-Lucent stock, the companies said. The deal could still fall apart, they added. It isn't clear if the parties have agreed on a valuation. Alcatel-Lucent's market capitalization stands at roughly EUR11 billion ($11.63 billion), while Nokia's market capitalization is about EUR28 billion. In response to the statement, Alcatel-Lucent's shares rose 13% to EUR4.38 in morning trading in Paris, while Nokia shares fell 7.3% to EUR7.205. A Nokia-Alcatel merger deal would cap years of speculation about a possible tie-up between the two firms, and reshape the telecommunications-equipment business by creating a company with a combined 2014 revenue of EUR25.9 billion and more than 100,000 employees in businesses spanning wireless communications and Internet routing. Market leader Ericsson reported revenue of EUR25.1 billion in 2014, while Huawei's telephone-carrier equipment business had revenue of about EUR23.6 billion, at average exchange rates for the year. Cisco, which competes with Alcatel in Internet routing, amid its broader enterprise and consumer businesses, had revenue of $47.1 billion for the year ending July 26. A purchase of Alcatel-Lucent by Nokia could face a tricky political dance in France. French officials have promoted the idea of creating pan-European giants to compete globally, in the model of Franco-German aerospace firm Airbus. But Alcatel-Lucent is also a major employer and symbolic of French industry. One French government official said that any deal involving Alcatel-Lucent would likely have to be structured to keep a significant French influence in the new company for the deal to pass muster in Paris. A spokeswoman for Economy Minister Emmanuel Macron declined to comment. The timing of any deal remains unclear, but the two companies will face shareholders in the next few weeks. Nokia holds its annual shareholder meeting on May 5, while Alcatel-Lucent is scheduled to hold its meeting on May 26. The possible French-Finnish tie-up would join two companies that are only recently emerging from a troubled wave of consolidation nearly a decade ago. At the time, the companies were suffering from a price war with Chinese firms. Since then, Huawei has roughly tripled the revenue of its business selling gear to telecommunications firms. Nokia's telecommunications-equipment unit struggled for years in what was an awkward joint venture with Siemens AG, forcing a brutal round of staff cuts and restructuring to return to profit. Nokia bought Siemens out of the newly profitable company in 2013, after agreeing to sell its cellphone handset business to Microsoft Corp. Alcatel-Lucent meantime has lurched through repeated restructuring plans and asset sales as it burned cash. Created in 2006 in the merger of France's Alcatel and the U.S.'s Lucent Technologies, a spinout from the old AT&T, it is only in 2015 finally on track to post positive free cash flow. For Nokia, a deal would be a way to gain market share in the competitive wireless business against Ericsson in the profitable U.S. market, where Alcatel-Lucent has historical roots and long-standing relationships with Verizon Communications Inc. and AT&T Inc. It would also add Alcatel-Lucent's fast-growing Internet routing business, which is one of the firm's profit engines that analysts are counting on for future growth. Nokia's equipment business has since its restructuring focused solely on wireless networking. Alcatel-Lucent's wireless business has been a sore spot. Its market share has slowly dwindled in part from lost contracts in Europe. Big spending from carriers in the U.S. and China on new high-speed LTE networks helped boost revenue in recent years, but with some of those build-outs rolling down, revenue in the division was down 9% on-year in the fourth quarter. More»