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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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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 - 2015-02-19 08:25:19
Samsung Electronics Co Ltd has bought U.S. mobile wallet startup LoopPay, signaling its intention to launch a smartphone payments service to compete with a recent offering from rival Apple Inc. Mobile payments have been slow to catch on in the United States and elsewhere, despite strong backing. Apple, Google, and eBay Inc's PayPal have all launched services to allow users to pay in stores via smartphones. The weak uptake is partly because many retailers have been reluctant to adopt the hardware and software infrastructure required for these new mobile payment options to work. These services also fail to offer much more convenience than simply swiping a credit card, Samsung executives said on Wednesday. LoopPay's technology differs because it works off existing magnetic-stripe card readers at checkout, changing them into contactless receivers, they said. About 90 percent of checkout counters already support magnetic swiping. "If you can't solve the problem of merchant acceptance..., of being able to use the vast majority of your cards, then it can't really be your wallet," said David Eun, head of Samsung's Global Innovation Center. More»
Amwal Al Ghad English - 2015-02-18 09:13:12
Sony Corp. forecast a surge in operating earnings by fiscal 2017 as Chief Executive Officer Kazuo Hirai drives the company’s turnaround with games, image sensors and entertainment. Operating profit will reach 500 billion yen ($4.2 billion) in the year starting April 2017, the Tokyo-based company said Wednesday. That compares with its forecast for 20 billion yen this year. Sony is also targeting a boost in its return-on-equity to above 10 percent. Hirai is focusing on profitability over volume growth as Sony targets areas where it has an advantage, such as image sensors used in smartphones and PlayStation 4 consoles. Chief Financial Officer Kenichiro Yoshida is restructuring operations to restore credibility with investors at a company that lowered its earnings outlook 15 times in the past seven years. “A feeling of trust is growing as they are steadily doing what they say, and the market respects it,” Yasuaki Kogure, chief investment officer at SBI Asset Management Co. in Tokyo, said before the announcement. “Hirai’s reform is bearing fruits in the fields, such as image censors, that Sony focuses on.” Sony shares closed at 3,174.5 yen before the announcement. The stock has surged 28 percent this year, compared with a 5.3 percent rise in the benchmark Topix index. Yoshida and Executive Vice President Tomoyuki Suzuki will both add the roles of Executive Deputy President from April 1, Sony said. Vice Chairman Masaru Kato, medical business head Tadashi Saito and head of human resources Kunitaka Fujita will all resign after the annual shareholder meeting in June. Device Growth The company said it wants return-on-equity to become its primary performance indicator. Sony hasn’t had an annual return above 10 percent since posting 10.8 percent in the 12 months ended March 2008, according to data compiled by Bloomberg. Sony this month forecast an annual operating profit of 20 billion yen, compared with an earlier projection for a 40 billion-yen loss. The company still expects a net loss this year on a writedown of its smartphone unit. Hirai said Sony aims to revive dividend payments from next year. The devices unit supplies the image sensors that power cameras built into its Xperia smartphones and Apple Inc.’s iPhones. Hirai is boosting investment in the chip unit to build more modules for phones, tablet computers and automobiles. Video Restructure The company gained a competitive advantage after switching to a technology known as complementary metal-oxide semiconductors, or CMOS. The sensors help record images in low light or with strong backlight, boosting the quality of pictures from smartphone and car cameras. Sony last year sold its Vaio personal computer division and put TV manufacturing into a new structure as Hirai tries to end losses at the business. The company’s video and sound businesses will be put in a separate structure from October, it said. “Separating our business units will make cooperating with other companies, restructuring, acquisitions and attributing responsibility much easier,” Hirai said. “Image sensors, games, movies and music are the areas that will drive sales and profit growth.” Sony expects revenue from the business that makes sensors, camera modules and memory storage will rise to as much as 1.5 trillion yen in the year ending March 2018 with an operating margin of 10 percent to 12 percent. Revenue from the games and network business could reach as much as 1.6 trillion yen with home entertainment sales, which includes TVs and speakers, of 1 trillion yen to 1.1 trillion yen. Sales at the film unit will probably rise to between $10 billion and $11 billion in fiscal 2017. Music business revenue would be $4.8 billion to $5.2 billion in the same period, Sony said, affirming forecasts from November. More»
Amwal Al Ghad English - 2015-02-17 11:30:50
Hurghada International Airport - the gateway to Egypt’s Red Sea Riviera- cooperates with SITA to provide technical solutions for the airport. Through this cooperation, Hurghada Airport is transforming the passenger experience at its new terminal with airport solutions from the air transport IT specialist. SITA is the world's leading specialist in air transport communications and information technology (IT). It works with every sector of the air transport community, innovating, developing and managing business solutions over the world's most extensive network. The airport is using SITA’s passenger processing platform, baggage management and airport operations systems to enhance the passenger experience with new self-service options, the latest baggage management solutions and shorter queues. The new solutions are also helping the airport improve operational efficiency by integrating airport systems and providing a single control point for airport operations. Dr. Eng. Mahmoud Esmat, Chairman of Egyptian Holding Company for Airports and Air Navigation, said: “SITA was able to provide us with a complete solution that corresponded exactly to our needs. We have worked with SITA for many years, and we appreciate their strong presence and support team in Egypt. Eng. Ismail Aboulez, Chairman and CEO of the Aviation Information Technology Company (AVIT), the organization that manages the airport, said: “We have made major renovations at Hurghada Airport to better serve the growing number of leisure passengers in the region as Egypt’s tourism sector continues to recover. SITA’s airport solutions incorporate the industry’s most advanced technology and align with industry trends, such as self-service. So we’re creating a more enjoyable passenger experience, while at the same time cutting costs and improving operational efficiency.” SITA has implemented a full range of industry-leading airport solutions in Hurghada. SITA’s AirportConnect Open passenger processing platform provides the airport with more than 135 common-use workstations and 10 common-use AirportConnect Kiosk self-service kiosks for check-in. With the new platform, all airlines using the airport can access their respective IT applications in real-time on shared equipment. They can also use any airport desk, gate or self-service kiosk for passenger check-in and boarding for maximum flexibility and convenience. SITA’s Airport Management Solution helps integrate and simplify operations management so the airport has a single control point and can take action as needed. This includes an advanced resource management tool, AirportResource Manager, which enables the airport to manage resources and equipment in real time and make sure they are available when and where they are needed. And SITA’s BagManager baggage management system is improving baggage processing efficiency at the airport, while simplifying baggage operations and facilitating on-time departures. Hani El-Assaad, SITA President, Middle East, India & Africa said: “SITA has partnered with Egypt’s Aviation Information Technology Company for more than a decade, helping to facilitate its strategic growth plans with innovative technology. We worked very closely together on this project to design and deliver an in-house turnkey solution aligned with the airport’s specific needs.” Hurghada International Airport provides regular service to the Egyptian capital, Cairo, and offers direct connections to several European destinations. More than 40 airlines offers seasonable charter flights to cities in Eastern and Western Europe, Scandinavia and Russia. The new terminal, which was officially inaugurated in December 2014, will raise the airport’s capacity by 115% to 13 million passengers annually. More»
Amwal Al Ghad English - 2015-02-17 09:04:32
The U.S. National Security Agency has figured out how to hide spying software deep within hard drives made by Western Digital, Seagate, Toshiba and other top manufacturers, giving the agency the means to eavesdrop on the majority of the world's computers, according to cyber researchers and former operatives. That long-sought and closely guarded ability was part of a cluster of spying programs discovered by Kaspersky Lab, the Moscow-based security software maker that has exposed a series of Western cyberespionage operations. Kaspersky said it found personal computers in 30 countries infected with one or more of the spying programs, with the most infections seen in Iran, followed by Russia, Pakistan, Afghanistan, China, Mali, Syria, Yemen and Algeria. The targets included government and military institutions, telecommunication companies, banks, energy companies, nuclear researchers, media, and Islamic activists, Kaspersky said. (reut.rs/1L5knm0) The firm declined to publicly name the country behind the spying campaign, but said it was closely linked to Stuxnet, the NSA-led cyberweapon that was used to attack Iran's uranium enrichment facility. The NSA is the U.S. agency responsible for gathering electronic intelligence. A former NSA employee told Reuters that Kaspersky's analysis was correct, and that people still in the spy agency valued these espionage programs as highly as Stuxnet. Another former intelligence operative confirmed that the NSA had developed the prized technique of concealing spyware in hard drives, but said he did not know which spy efforts relied on it. NSA spokeswoman Vanee Vines said the agency was aware of the Kaspersky report but would not comment on it publicly. Kaspersky on Monday published the technical details of its research on Monday, a move that could help infected institutions detect the spying programs, some of which trace back as far as 2001. (bit.ly/17bPUUe) The disclosure could hurt the NSA's surveillance abilities, already damaged by massive leaks by former contractor Edward Snowden. Snowden's revelations have upset some U.S. allies and slowed the sales of U.S. technology products abroad. The exposure of these new spying tools could lead to greater backlash against Western technology, particularly in countries such as China, which is already drafting regulations that would require most bank technology suppliers to proffer copies of their software code for inspection. Peter Swire, one of five members of U.S. President Barack Obama's Review Group on Intelligence and Communications Technology, said the Kaspersky report showed that it is essential for the country to consider the possible impact on trade and diplomatic relations before deciding to use its knowledge of software flaws for intelligence gathering. "There can be serious negative effects on other U.S. interests," Swire said. TECHNOLOGICAL BREAKTHROUGH According to Kaspersky, the spies made a technological breakthrough by figuring out how to lodge malicious software in the obscure code called firmware that launches every time a computer is turned on. Disk drive firmware is viewed by spies and cybersecurity experts as the second-most valuable real estate on a PC for a hacker, second only to the BIOS code invoked automatically as a computer boots up. "The hardware will be able to infect the computer over and over," lead Kaspersky researcher Costin Raiu said in an interview. Though the leaders of the still-active espionage campaign could have taken control of thousands of PCs, giving them the ability to steal files or eavesdrop on anything they wanted, the spies were selective and only established full remote control over machines belonging to the most desirable foreign targets, according to Raiu. He said Kaspersky found only a few especially high-value computers with the hard-drive infections. Kaspersky's reconstructions of the spying programs show that they could work in disk drives sold by more than a dozen companies, comprising essentially the entire market. They include Western Digital Corp, Seagate Technology Plc, Toshiba Corp, IBM, Micron Technology Inc and Samsung Electronics Co Ltd. Western Digital, Seagate and Micron said they had no knowledge of these spying programs. Toshiba and Samsung declined to comment. IBM did not respond to requests for comment. GETTING THE SOURCE CODE Raiu said the authors of the spying programs must have had access to the proprietary source code that directs the actions of the hard drives. That code can serve as a roadmap to vulnerabilities, allowing those who study it to launch attacks much more easily. "There is zero chance that someone could rewrite the [hard drive] operating system using public information," Raiu said. Concerns about access to source code flared after a series of high-profile cyberattacks on Google Inc and other U.S. companies in 2009 that were blamed on China. Investigators have said they found evidence that the hackers gained access to source code from several big U.S. tech and defense companies. It is not clear how the NSA may have obtained the hard drives' source code. Western Digital spokesman Steve Shattuck said the company "has not provided its source code to government agencies." The other hard drive makers would not say if they had shared their source code with the NSA. Seagate spokesman Clive Over said it has "secure measures to prevent tampering or reverse engineering of its firmware and other technologies." Micron spokesman Daniel Francisco said the company took the security of its products seriously and "we are not aware of any instances of foreign code." According to former intelligence operatives, the NSA has multiple ways of obtaining source code from tech companies, including asking directly and posing as a software developer. If a company wants to sell products to the Pentagon or another sensitive U.S. agency, the government can request a security audit to make sure the source code is safe. "They don't admit it, but they do say, 'We're going to do an evaluation, we need the source code,'" said Vincent Liu, a partner at security consulting firm Bishop Fox and former NSA analyst. "It's usually the NSA doing the evaluation, and it's a pretty small leap to say they're going to keep that source code." The NSA declined to comment on any allegations in the Kaspersky report. Vines said the agency complies with the law and White House directives to protect the United States and its allies "from a wide array of serious threats." Kaspersky called the authors of the spying program "the Equation group," named after their embrace of complex encryption formulas. The group used a variety of means to spread other spying programs, such as by compromising jihadist websites, infecting USB sticks and CDs, and developing a self-spreading computer worm called Fanny, Kaspersky said. Fanny was like Stuxnet in that it exploited two of the same undisclosed software flaws, known as "zero days," which strongly suggested collaboration by the authors, Raiu said. He added that it was "quite possible" that the Equation group used Fanny to scout out targets for Stuxnet in Iran and spread the virus. More»
Amwal Al Ghad English - 2015-02-16 16:22:36
Egypt will present around 10 projects worth more than EGP 20 billion to develop the country's technological infrastructure at the country's economic development conference to be held in mid March, Atef Helmy, the minister of communications said on Monday. The projects are part of the ministry's strategy to develop the communications strategy by the year 2020, Helmy said at a business panel hosted by the American chamber of commerce. Egypt is holding a much-publicised economic conference in mid-March at the resort town of Sharm El-Sheikh to encourage businesses to invest in an economy battered by four years of political turmoil since the popular uprising that ousted autocrat Hosni Mubarak. Seven of the projects will be related to technology parks at a cost of EGP 15.5 billion and one project will be establishing smart metres for the ministry of justice at a cost of EGP 5 to EGP 7 billion. The other two projects remain in the 'pipeline' and will aim to digitise the country's commercial registry and manufacture tablets, Helmy added. The plan to establish technology parks for investments is expected to create 600,000 jobs. In addition, the plan will include training experts to be exported to the region. Egypt aims to raise the information and communication technology sector contribution to the economy to 8.43 percent of GDP by the year 2020, up from 3.8 percent last year. More»
Amwal Al Ghad English - 2015-02-16 15:22:18
Samsung takes consumer privacy very seriously, the South Korean tech giant emphasized in an emailed statement to Amwal Al Ghad on Monday. In all of Samsung’s Smart TVs, any data gathering or their use is carried out with utmost transparency and the company provides meaningful options for consumers to freely choose or to opt out of a service. Samsung employs industry-standard security safeguards and practices, including data encryption, to secure consumers’ personal information and prevent unauthorized collection or use. Voice recognition, which allows the user to control the TV using voice commands, is a Samsung Smart TV feature, which can be activated or deactivated by the user. Should consumers enable the voice recognition capability, the voice data consists of TV commands, or search sentences, only. Users can easily recognize if the voice recognition feature is activated because a microphone icon appears on the screen. Samsung does not sell voice data to third parties. If a consumer consents and uses the voice recognition feature, voice data is provided to a third party during a requested voice command search. At that time, the voice data is sent to a server, which searches for the requested content then returns the desired content to the TV. More»
Amwal Al Ghad English - 2015-02-16 08:31:33
Etisalat Egypt signed US$120 million agreement with HSBC and National Bank of Abu Dhabi (NBAD). The company will get $60 million from each bank, to be repaid on 3 years. Etisalat Egypt asserted that it seeks to provide services to live up to customers' aspirations, and suits the company's advanced position on the telecommunications enterprises in Egypt. Etisalat Egypt CEO Saeed Al Hamli said this cooperation comes in the frame strategy of the company which aims to keep pace with the technological development in communications field. More»
Amwal Al Ghad English - 2015-02-15 12:13:48
Raya Holding Company for Technology and Telecommunication SAE (RAYA.CA) said it has entered partnership with German Company working in solar energy field. Raya added that it will contribute to 50% with the German company to prepare studies for the Egyptian market and the available opportunities in this field. Raya's Board of Directors agreed to increase Transport Fleet Company's capital to EGP15 million to expand in transport activity. Furthermore, Raya attained EGP17.3 million profits within the first 9 months of the ended fiscal year December30 2014 but the profits declined with 40%. More»
Nayera Eid - 2015-02-14 12:37:42
Egypt plans to establish a new Smart Village, but this time it will locate in the New Cairo district. The Smart Villages Development and Management Company will finalise soon its studies to launch a new smart village in Egypt in addition to the existing one that located in the 6th of October city. In this respect, Adel Danish - Chairman of Smart Villages Co. – referred to current coordination between his company and El Mostakbal for Urban Development, seeking to complete the studies on the new smart village project. The studies are supposed to be completed soon, Danish noted. Smart Villages Company and El Mostakbal for Urban Development had signed a Memorandum of Understanding that aims to build the new smart village in Mostakbal City, which is a flagship and largest planned mixed-use development in Egypt’s new Cairo City. The new smart village in Mostakbal City is set to be similar to its parallel in the 6th of October city, seeking to include the biggest global companies specialised in sectors of communications and information technology in addition to the Financial District in New Cairo. More»
Amwal Al Ghad English - 2015-02-14 10:13:36
President Obama signed a cybersecurity-focused executive order on Friday encouraging private companies and the government to share information about cyber threats. "As a country, one of our greatest resources are the young people, the digitally fearless. But it also means that the problem of how we secure this digital world will only increase," Obama said during a speech at a White House cybersecurity summit at Stanford University. More»