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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        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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

Amwal Al Ghad English - 2013-11-16 08:30:14
A top Apple Inc executive testified on Friday that Samsung Electronics Co Ltd undermined his company's marketing efforts, reputation and business by selling devices that copied the iPhone and iPad. Apple marketing chief Phil Schiller appeared as a witness during a damages retrial between the two companies in a San Jose, California, federal court. Schiller also denied that Apple launched the iPad mini as a response to competition in the tablet market, saying Apple was merely trying to make a better product. "It's much harder to create demand and people question our innovation and design skills like people never used to," Schiller said, adding that Samsung "weakened the world view of Apple as this great designer and innovator." Apple and Samsung are engaged in global litigation over each other's patents. Last year, Apple was awarded over $1 billion after it convinced a jury that Samsung copied iPhone features, such as using fingers to pinch and zoom on the screen, along with design touches such as the phone's flat, black glass screen. More»
Nayera Eid - 2013-11-14 13:10:40
Fawry Electronic Bill Service is negotiating with seven banks operating in the local market in order to provide re-charging electronic wallet for the banks’ customers. CEO and Founder of Fawry Ashraf Sabry asserted that the company will cooperate with seven banks in order to start providing the service by 2014, asserting that the new banks did not include the three coordinator banks with the mobile phone operators such as National bank of Egypt (NBE), BNP Paribas and Housing and Development Bank (HDB). Sabry has informed Amwal Al Ghad that the banks which Fawry is making negotiations with them are aiming to obtain the approval of the Central Bank of Egypt (CBE) in order to launch its services as soon as possible, rejecting to disclose the banks’ names, until Fawry will obtain CBE’s license. The regulations which have been put by CBE regarding ‘mobile transfer via mobile phone’ service revealed that the role of banks is to keep deposits cash on operations for the issuance of electronic money and ensure agreement these processes with controls to combat money laundering and financing of terrorism issued by the CBE. More»
Amwal Al Ghad English - 2013-11-14 12:45:41
Orascom Telecom Media and Technology Holding (OTMT.CA) reported on Thursday its consolidated financial results for the first nine months of FY13, which showed consolidated net profit of EGP 1.229 billion. The company’s consolidated financial results for the period from November 29, 2011 till September 30, 2012 had shown EGP 1.622 billion net profit. Non-consolidated financial results for the same period reflected EGP 4.517 billion net profit. Standalone financial results for the first nine months of FY13 mirrored EGP 221.681 million net profit. More»
Amwal Al Ghad English - 2013-11-14 09:14:51
The hit comes after former U.S. spy agency contractor Edward Snowden exposed widespread surveillance by the National Security Agency - in particular through Internet data, much of which is transmitted via Cisco's network equipment. China's Ministry of Public Security was reported in August to be on the verge of launching a probe into Cisco rivals including IBM Corp, Oracle Corp and EMC Corp over security issues. The scandal has also reverberated in other emerging markets the NSA is said to have spied on including Brazil, Mexico, and India. Cisco shares fell more than 10 percent in late trade after it also missed its revenue target for its fiscal first quarter just ended, where it saw a big drop in sales to telecom and cable service providers as well as in emerging markets. Chief Financial Officer Frank Calderoni said Cisco was most affected by the political backlash in China but noted that it was difficult to quantify how much of its revenue shortfall was due to politics versus macroeconomic trends. More»
Amwal Al Ghad English - 2013-11-14 08:20:40
Google Inc. (GOOG) and Hewlett-Packard Co. (HPQ) are halting sales of the Chromebook 11 laptop after some users reported overheating power supplies, a setback for the devices that have been gaining momentum with consumers. The companies said in a statement yesterday that they are suspending sales of the laptop at Best Buy Co., the Google Play Store, Inc. and other outlets, and cautioned customers who have bought the laptop to avoid using the charger and get another one instead. The decision followed eight reports of overheating, some of which mentioned the charger melted, according to people with knowledge of the matter, who asked not to be identified because the details aren’t public. There were no reports of fires, the people said. “We are working with the Consumer Product Safety Commission to identify the appropriate corrective action, and will provide additional information and instructions as soon as we can,” the companies said in a blog post, without elaborating on when they would begin selling the device again. “We apologize for the inconvenience.” More»
Amwal Al Ghad English - 2013-11-14 07:57:28
Sprint Corp., the third-largest U.S. wireless carrier, says it won’t bid on airwaves known as the H Block in an auction planned by the Federal Communications Commission, giving Dish Network Corp. one less competitor. “We have opted not to participate in the upcoming H Block auction,” John Taylor, a Sprint spokesman, said in an e-mail. The move to forgo a bid on high-speed spectrum is a sudden shift for Sprint, which urged regulators to move quickly on the auction just two months ago. The decision comes a day after T-Mobile said in a filing that it also wasn’t interested in the H Block airwaves. With the two carriers passing, Dish is left as a bidder with the opportunity to capture more airwaves cheaply. Dish has offered the FCC a $1.56 billion floor price. As a condition of the minimum bid, Dish is asking that regulators allow broader use of airwaves it already has. If the negotiation is successful it will boost the value of the spectrum, adding to Dish’s rising appeal among investors. More»
Amwal Al Ghad English - 2013-11-14 07:42:16
Telecom Egypt (ETEL.CA), the country’s landline monopoly, said it may buy a controlling stake in Vodafone Group Plc. (VOD)’s local mobile-phone unit when 4G spectrum is offered, to avoid a possible conflict of interests. The Egyptian telecommunications company owns 45 percent of the unit. It has no legal obligation to sell the stake and hasn’t received an official offer before receiving an integrated license, which will allow Telecom Egypt to provide mobile services, Chief Executive Officer Mohamed El-Nawawy said in an interview. The company expects 4G spectrum for faster mobile data services to be offered within 10 months to a year. At that point, Cairo-based Telecom Egypt may have a conflict if it develops its own 4G services, which would put it in competition with the Vodafone asset, said El-Nawawy. “Management may propose that we evolve with this asset and by evolve we mean being buyers or sellers,” he said by phone. The London-based company has expressed interest in buying Telecom Egypt’s holding, a Vodafone official said last month. More»
Nayera Eid - 2013-11-13 13:44:31
Eng. Mohamed Al-Nawawi, CEO of Telecom Egypt(TE)(ETAL-CA) said the volume of transactions between the mobile phone operators and TE reached EGP40billion within the last years ,amounted to EGP4billion annually  through the cooperation between the firms in the infrastructure for messaging and International Portal for calls. Al-Nawawi added in the conference which has held by the company today the business results of TE as it attained EGP650million net profits within the first nine months, with 22.7% growth rate. He revealed that the revenues surged by 16% move up by EGP2.862billion at the end of the fourth quarter of this year. More»
Amwal Al Ghad English - 2013-11-13 10:46:02
Samsung Electronics expects to supply half of the smartphones sold in Africa this year and aims to double these sales on the continent in 2014, an executive said. Africa has a growing young population that is increasingly tech savvy and urbanized. This is attracting foreign sellers of consumer products like smartphones, especially as markets stagnate or shrink in more developed nations. Although smartphones are gaining popularity across the continent, they are still a novelty. At the end of 2012, sub-Saharan smartphone penetration was 4 percent, compared with a global average of 17 percent, according to industry body GSMA. "Samsung this year will ship 50 percent of all the smartphones in Africa," Thabiet Allie, head of content and services for Samsung Electronics Africa, told a telecoms conference in Cape Town late on Tuesday. More»
Amwal Al Ghad English - 2013-11-13 09:25:12
Landline monopoly Telecom Egypt - TE (ETEL.CA) is confident the government will grant it a license to provide mobile services by the end of the year, its chief executive said on Wednesday. "We see a reason to be confident that such a license would be issued within 2013," CEO Mohamed el-Nawawy told Reuters after third-quarter results were announced. The company reported a 16 percent increase in revenue and a 2.3 percent rise in net profit in the third quarter compared with the same period last year. Telecom Egypt, of which the government owns 80 percent, posted net profit of 650 million Egyptian pounds ($94.4 million) and revenue of 2.86 billion. Its earnings before interest, taxes, depreciation and amortization (EBITDA) reached 1.131 billion pounds. Egypt has three mobile operators: Vodafone Egypt, Mobinil, which is controlled by FranceTelecom , and Dubai-based Etisalat. 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. Last December, the industry regulator said Egypt would grant Telecom Egypt a license by mid-2013 to provide mobile services and would later let mobile companies offer fixed-lined services using Telecom Egypt's infrastructure. Egypt's economy has been hammered by political turmoil since a popular uprising toppled autocrat Hosni Mubarak in 2011. In July, the army ousted President Mohamed Morsi of the Muslim Brotherhood after mass protests against his rule. That triggered more unrest, with security forces cracking down hard on Morsi's supporters. Hundreds were killed and more than 2,000 arrested. Asked if he was concerned by Egypt's political upheaval, Nawawy said: "Quite frankly we see a country with the heritage and the history of always being able to get its act together." "Based on the geography and the history and the market I am very bullish and very excited about Egypt and the opportunity in Egypt." More»