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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        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        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        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        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 - 2015-03-11 11:03:39
Apple Inc. jumped to the top of the Chinese market by adapting the iPhone to local tastes. It’s using the same recipe with the Apple Watch. The new timepiece is available in gold -- appealing to China’s appetite for luxury. Apple also is showcasing the WeChat messaging service from China’s Tencent Holdings Ltd., an app used by half a billion people. The smartwatch starts at 2,588 yuan ($413) in China, putting Apple in position to boost sales beyond the $182 billion in revenue from iPhones, iPads and Macs last year. Apple’s China sales rose 70 percent in the past quarter, helped by the introduction of the iPhone 6 and 6 Plus. By moving to a screen that’s bigger than a traditional smartphone’s but smaller than a tablet’s, the iPhones were popular in a market where consumers prefer to carry one device. The Apple Watch is “going to be a massive hit in China,” said Shaun Rein, managing director of China Market Research in Shanghai. “It’s a brand that’s aspirational, but it’s not so over the top in price.” More»
Amwal Al Ghad English - 2015-03-11 10:40:59
Samsung Electronics will be providing the Egypt Economic Development Conference with HD screens that are “proudly manufactured in Egypt” from its Samsung Electronics factory in Beni Suef. The HD screens and Smart Signage will be positioned throughout the conference facilities, allowing speakers and delegates the opportunity to view the conference proceedings wherever they are over the course of the three-day event. Representing Samsung at the Egypt Economic Development Forum will be Samsung Electronics Egypt Managing Director, Mr. Seung-Ho Yun, and President of Samsung Electronics Egypt Factory, Mr. Kinam Lee. Samsung has invested EGP 1.8bn in their factory in Beni Suef, this is the first factory established by Samsung in African & MENA region which greatly contributes to the development of the Egyptian economy, positioning Egypt as the export hub for Samsung’s products to the MENA region. With the production line already manufacturing TVs and computer monitors as the first phase of the factory’s development, the Samsung Electronics Factory in Beni Suef currently employs approximately 1800 Egyptian employees who handle LED/UHD/SUHD, Smart Signage, Hospitality display for B2B business and monitor manufacturing with a of capacity over 4 million TV/Monitor sets per year. More»
Amwal Al Ghad English - 2015-03-11 07:46:34
Growth in China's investment, retail sales and factory output all missed forecasts in January and February and fell to multi-year lows, leaving investors with little doubt that the economy is still losing steam and in need of further support measures. The figures came a day after data showed deflationary pressures intensified in the factory sector in February, reinforcing expectations of more interest rate cuts and other policy loosening to avert a sharper slowdown in the world's second-largest economy. "Activity data surprised the market on the downside by a large margin, suggesting that China’s first quarter GDP growth could likely fall to below 7 percent," ANZ economist Li-Gang Liu said in a research note. "In our view, the extremely weak data at the beginning of the year suggest that China needs to engage in more aggressive policy easing, and we see that a reserve requirement ratio (RRR) cut will be imminent," he said, adding that stimulus measures rolled out since last year seem to have had limited effect. Industrial output grew 6.8 percent in the first two months of the year compared with the same period a year ago, the National Bureau of Statistics said on Wednesday, the weakest expansion since the global financial crisis in late 2008. More»
Nayera Eid - 2015-03-10 12:07:51
Telecom Egypt (ETAL-CA)(TE) is planning to invest around EGP3 billion within 2015 in order to develop infrastructure of cables. CEO of TE Mohamed Al- Nawawy Said Telecom Egypt invested nearly EGP2.5 billion in the last year. During a press conference, Al-Nawawy announced for TE's business results and the total customers who benefited from the development of infrastructure and the replacement of fiber cables instead of copper cables. More»
Amwal Al Ghad English - 2015-03-10 09:31:45
Egypt's largest mobile service provider is raising questions about the legality of WhatsApp's free voice-calling feature due to be released later this year. In a letter to Egypt’s telecommunications regulator circulated on social media on Monday, Vodafone Egypt inquired about the legality of Whatsapp Voice service. Egypt’s government has previously stated it was considering banning popular free messaging and international calling smartphone applications WhatsApp and Viber, on “security” as well “financial” considerations. Mobile phone penetration currently surpasses 110 percent in the country of 90 million, with Vodafone Egypt having the largest share of subscriptions, according to the latest publically available data. In January 2015, WhatsApp, which was acquired by Facebook for $22 billion last October, reported hitting 700 million monthly active users worldwide. Egypt's law governing telecommunications stipulates that international VoIP services  -- or routing calls over the internet such as via Skype and Viber -- are illegal, an informed Vodafone source told Ahram Online. One article of the law prohibits establishing or operating telecommunication services and by-passing international telephone calls without obtaining a license from the regulator. Existing mobile operators have a Class A license that allows them to offer VoIP services inside Egypt only, according to the regulator's website. Vodafone has not yet decided what action it will take if the regulator confirms that Whatsapp Voice is illegal, said the company source. More»
Amwal Al Ghad English - 2015-03-10 09:12:34
 Telecom Egypt (ETAL-CA) (TE) announced on Tuesday its consolidated financial results for the full year, ending 31 December 2014. Net Profit after Tax for the year recorded EGP2.031 billion versus EGP2.958 Billion in FY 2013. The decline was mainly attributable to a number of one-offs. The additional  EGP149 million for provisions formed to hedge for future sales taxes, on FY 2013, another LE113 million deducted during the year for tax reviews with the local tax authorities for delayed settlements. The additional 5% increase in corporate taxes by law with a noticeable EGP 70 million impact, and the hike in Deferred Taxes for contingent liabilities associated with taxes on dividends amounting for an additional EGP 308 million. Costs increased year-on-year by EGP 866 million, or 12%, this was mainly due to a number of one-offs and a other natural operational costs. A delayed settlement one-off for license fees paid to the Regulator amounting for an additional EGP 201 million on the previous year 2013; and a one-off for some seasonal costs associated to advertisement campaigns, in the holy month of Ramadan and the company's 160th Anniversary falling within the third quarter; More»
Amwal Al Ghad English - 2015-03-10 08:27:48
Apple Inc (AAPL.O) launched its long-awaited watch on Monday, including yellow or rose gold models with sapphire faces costing up to $17,000, but some investors questioned whether Chief Executive Tim Cook's first product would be a breakaway hit. Apple's first new device since Cook became CEO will be available for order on April 10 and in stores on April 24, including chic boutiques in Paris, London and Tokyo. In a nod to both fashion and technology, Cook shared the stage with model Christy Turlington Burns, who used it to train for a marathon, and Apple engineers who showed how to send drawings, pictures and even heartbeats with the watch. "I think there's a niche market for these kind of Apple tech people who love Apple and will buy anything they come out with. But I just don't know if it's going to be the power product that everyone's looking for," said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia, who described Wall Street as "scratching its head". Members of the style establishment, in Paris for shows from the glittering likes of Chanel, Givenchy and Hermes mostly said they saw the watch as a gadget, not this season's must-have accessory. The Edition price tag which is inexpensive compared with a Patek Philippe Nautilus at just over $42,000 on, inspired plenty of jibes on social media, including many who questioned whether it would become outdated and compared the price to a car's. "Wonder what kind of gas mileage it gets," asked Twitter user Christopher Caruso. Nevertheless many made clear they wanted it. "My birthday is gonna rock this year... :-) #applewatch," wrote Jay Runquist. The Apple Watch sport will start at $349 for the smaller, 38-mm model. The standard version of the watch will start at $549 and the high-end "Edition" watch will be priced from $10,000, said Cook, who loved the Dick Tracy ability to hold phone calls by watch. "I have been wanting to do this since I was five years old," said Cook. The different models reflect different materials. A $17,000 Edition in the smaller, 38-mm size, has a case made from a customized version of 18-karat rose gold, which is especially hard, along with a sapphire display. It comes with a magnetic charging case. A $349 Sport model the same size has an aluminum case, a 'sport band' and a magnetic charging cable, and no case. All the watches share digital faces that can look like traditional time pieces, show the heart beat of a friend, and display photos and interfaces for apps. "Apple's been very good at personalizing its products," said Angelo Zino, an analyst at S&P Capital IQ, who said the "intimacy" of the watch was appealing. He saw 10 million in sales this year. In the presentation, Cook described the watch handling many functions currently associated with the iPhone, which tethers wirelessly to the watch and connects it to the Internet. The watch will track exercise and remind wearers of events with a tap on the wrist. Cook also laid out other product successes and launched a new MacBook notebook computer that starts at $1,299 and weighs as little as 2 pounds. Every major car brand had committed to delivering Apple's CarPlay entertainment system, and the new iPhone 6 and 6 Plus have 99 percent customer satisfaction rates, he said. The Apple Pay payment system is now accepted at 700,000 locations, and Time Warner Inc's (TWX.N) HBO in April will debut its streaming HBO NOW service on Apple TV. Apple also is offering researchers new development tools, called ResearchKit, to help medical researchers design apps for clinical trials, the company said. More»
Amwal Al Ghad English - 2015-03-10 08:15:34
U.S. aerospace company Exelis Inc is close to unveiling a low-altitude surveillance system for drones, the latest sign of how a "highway in the sky" is likely to evolve. The system, whose existence has not been previously reported, shows how Exelis and other companies are racing to create technology that enables drones to safely fly over long distances to do everything from inspections of remote pipelines to surveys of crops or delivery of packages. More»
Amwal Al Ghad English - 2015-03-09 07:58:42
Apple CEO Tim Cook summed up the problem during a conversation with sales staff at a London Apple Store: "We've never sold anything as a company that people could try on before." With the expected launch next month of the Apple Watch, the company’s first new product in five years, Apple will be stepping into new territory. To conquer the marketplace, the watch will have to appeal not only as a gadget but as a fashion statement, a fact tacitly acknowledged by Apple's decision to launch its advertising campaign with a 12-page insert in the March issue of Vogue. The company isn’t talking about plans for marketing the Apple Watch in advance of it's much-touted "Spring Forward" event on Monday, but it clearly intends to keep a tight grip on initial sales and distribution, leaving many retailers guessing about when -- or if -- they'll be able to sell it. Sources with direct knowledge of the matter said that Best Buy Co Inc, one of the largest sellers of Apple products, may not get the watch at launch time, though the company wouldn't comment on the situation. More»
Amwal Al Ghad English - 2015-03-08 10:14:36
An improvised explosive device detonated early Sunday in Egypt's Nile Delta Menoufiya governorate, Al-Ahram Arabic news website reported. The blast apparently targeted a Vodafone shop in Shebein El-Koum city. A recent wave of attacks have targeted mobile network provider stores. No casualties were reported as a result of the bomb. Last week five improvised bombs, planted beneath cars, exploded in Cairo's working class Matariya district, also near Vodafone and Mobinil shops, destroying the two store facades in addition to others nearby. Similarly, three bombs exploded on 26 February in greater Cairo's Mohandiseen area, targeting two Vodafone and one Etisalat stores. Egypt has been witnessing a rise in bomb attacks against civilian targets after assailants mainly targeted police and army sites. More»