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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        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        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 - 2014-04-14 11:02:56
Egyptian Information and Communication Technology (ICT) Minister Atef Helmy announced that it is started to establish 5 technological villages within a few coming weeks in Aswan, Assiut, Beni Suef, Borg El Arab and El Sadat City. The Minister said the growth proportion in ICT before the uprising was 18% annually and it reached 6% in the last year, it is aiming to make it become 10% in this year, in addition there is a plan to make the growth rate reach up 20% by 2018. More»
Nayera Eid - 2014-04-13 14:47:10
National Telecommunication Regulatory Authority (NTRA) has finalized preparing national plan to convert into digital broadcasting for telephone services instead of depending on High-frequencies airway by 2015. Transiting into digital broadcasting comes among the submitted plan by International Telecommunication Union (ITU) , expecting that the total cost will reach up EGP1 billion , Eng. Hesham Alayli CEO of NTRA asserted. Alayli has quoted Amwal Al Ghad Arabic’s Website that the numbers of fixed telephones users without relying on satellite broadcasting services in Egypt ranging between 5-7 million beneficiaries, adding that the tapped investments will be allocated to provide those beneficiaries with reception of digital broadcasts instead of the traditional broadcast. NTRA is targeting to offer auction for the domestic firms for manufacturing these devices locally within months, noting that the new frequencies will be used in the fourth generation for mobile and internet, Alayli noted. More»
Amwal Al Ghad English - 2014-04-13 13:51:58
Egyptian billionaire Naguib Sawiris is ready to invest USD 1 to USD 2 bln in Telecom Italia (TLIT.MI) if its biggest shareholder Telefonica (TEF.MC) pulled out from the Italian phone group, according to newspaper Il Sole 24 Ore,. Sawiris, who unsuccessfully attempted to buy a stake in Telecom Italia in 2012, criticized the presence of the Spanish group because of conflicting interests in Brazil and said Telecom Italia needed cash for investments. Telefonica, which together with three Italian financial institutions controls 22.4 % of Telecom Italia through holding Telco, is a direct rival of Telecom Italia in Brazil. Sources close to Telefonica have said the group would like to break up Telecom Italia's Brazilian unit TIM Brasil (TIMP3.SA) and share its assets with other telecom companies. "In the past I made my calculations and put forward a proposal. I think I would reiterate that: I would be ready to invest 1 to 2 billion dollars," Sawiris said when asked how much would he spend on Telecom Italia if Telefonica withdrew from it. The Brazilian competition watchdog has given Telefonica until mid-2015 to downsize its presence in the south American country, sources close to the matter have said. If Telefonica fails with its plans over Brazil it might have to consider selling its 15 % stake in Telecom Italia to comply with Brazilian authority's demands. "I am waiting until Telefonica makes a decision. I will be patient for a few moths more," Sawiris said. The Italian partners of Telefonica have signaled they could break up Telco in the coming months and eventually sell their stakes in Telecom Italia, weakening the Spanish group's grip over the Italian group. Telecom Italia, which is due to appoint a new board next week, is carrying out a 4-billion-euro plan to cut debt and fund investments as it seeks to reverse years of sluggish growth. More»
Amwal al Ghad English - 2014-04-13 11:32:31
Minister of Communications and Information Technology, Mr. Atef Helmy and CEO of Information Technology Industry Development Agency (ITIDA) Hussein El-Geretly , Head of Federation of Egyptian Chambers of Commerce (FEDCOC) Mr. Ahmed El-Wakeel and Head of Assiut Chamber of Commerce, Ibrahim Abu El Ayoun along with a numbers of ICT leaderships will participate in the annual forum for computers and software of the Federation of Egyptian Chambers of Commerce (FEDCOC) which will take place on next Wednesday in Assiut governorate under the name of ‘Future .. IT industry competitive More than 100 Upper Egypt firms will take part in the workshop in order to review the strategic directions and the submitted projects from the Ministry and ITIDA so as to develop IT industry and boost the Egyptian technological exports to the global markets in addition to creating indirect and direct job opportunities for youths beside inching consuming ICT sector in the Egyptian national gross. Eng. Khalil Hassan Khalil, head of the division said. More»
Amwal al Ghad English - 2014-04-13 09:53:20
Company aims to plan, implement, and operate technologies that support digital transformation and enable smart solutions in the UAESmartworld, a leading technology services provider that enables digital economic growth across the Gulf, Middle-East and Africa, unveiled its planned roadmap towards future growth and development at its annual event ‘Smart Gathering 2014’, which was held at the JW Marquis Hotel in Dubai. During the event, which was being held under the theme, ‘Enabling Digital Economic Growth,’ Mohamed Fouz, CEO, Smartworld, detailed the company’s vision and mission, the new structure, growth aspirations and strategic goals for the next four years.  During his speech, Fouz also shared how Smartworld is focusing on being a key Digital Economy enabler for businesses in UAE and the Middle East. Participation in the digital economy is, for an increasing number of businesses, becoming a matter of economic necessity. Most businesses now realize that to remain competitive and to conduct business efficiently, they must adopt electronic means for business processes. Under the new Smartworld strategy, the company is placing strong focus on leveraging its skills and abilities to drive in digital economic growth for its clients across the Gulf, Middle East and African regions. More»
Amwal Al Ghad English - 2014-04-13 08:51:53 Inc is preparing to launch its long-rumored smartphone in the second half of the year, the Wall Street Journal reported on Friday, citing people briefed on the company's plans. The Internet retailer would jump into a crowded market dominated by Apple Inc and Samsung Electronics Co Ltd. The company has recently been demonstrating versions of the handset to developers in San Francisco and Seattle. It intends to announce the device in June and ship to stores around the end of September, the newspaper cited the unidentified sources as saying. Amazon has made great strides into the hardware arena as it seeks to boost sales of digital content and puts its online store in front of more users. Amazon recently launched its $99 Fire TV video-streaming box and its Kindle e-readers and Fire tablets already command respectable U.S. market share after just a few years on the market. Rumors of an Amazon-designed smartphone have circulated for years, though executives have previously played down ambitions to leap into a heavily competitive and increasingly saturated market. Apple and Samsung, which once accounted for the lion's share of the smartphone market, are struggling to maintain margins as new entrants such as Huawei and Lenovo target the lower-income segment. To stand out from the crowd, Amazon intends to equip its phones with screens that display three-dimensional images without a need for special glasses, the Journal said. Amazon officials were not immediately available for comment. More»
Amwal al Ghad English - 2014-04-12 11:12:52
Millions of smartphones and tablets running Google Inc. (GOOG)’s Android operating system have the Heartbleed software bug, in a sign of how broadly the flaw extends beyond the Internet and into consumer devices. While Google said in a blog post on April 9 that all versions of Android are immune to the flaw, it added that the “limited exception” was one version dubbed 4.1.1, which was released in 2012. Security researchers said that version of Android is still used in millions of smartphones and tablets, including popular models made by Samsung Electronics Co., HTC Corp. and other manufacturers. Google statistics show that 34 percent of Android devices use variations of the 4.1 software. The company said less than 10 percent of active devices are vulnerable. More than 900 million Android devices have been activated worldwide. The Heartbleed vulnerability was made public earlier this week and can expose people to hacking of their passwords and other sensitive information. While a fix was simultaneously made available and quickly implemented by the majority of Internet properties that were vulnerable to the bug, there is no easy solution for Android gadgets that carry the flaw, security experts said. Even though Google has provided a patch, the company said it is up to handset makers and wireless carriers to update the devices. More»
Amwal Al Ghad English - 2014-04-12 08:22:04
On Egyptian streets Abdel Fatah al-Sisi – the top general who ousted ex-president Mohamed Morsi last summer – reached superhuman status months ago. Now the digital world has caught up: developers have released a Sisi-themed arcade-style game for Android users, billing the strongman as an Egyptian superhero. Super Sisi sees a two-dimensional version of Egypt's likely next president fly through a cartoon Cairo, attempting to save the country. In real life, Sisi's picture looms over most main roads in Cairo, with many seeing his leadership as the answer to three years of political instability. In the game, Sisi's avatar flies over the pyramids and the river Nile dodging bombs and explosives – a plotline that might remind some of a real-life wave of militant attacks aimed at soldiers and policemen. The game is the latest in a string of unlikely memorabilia aimed at cashing in on Sisi's cult status. Elsewhere, Sisi's face adorns tat ranging from underpants, fast-food packaging and, most famously, chocolates – at least until police raided the patissiers who made them last month. But popular culture has not all been favourable to the man many expect to be elected Egypt's next president in late May. In late March hundreds of thousands took to social media to express disgust at the general. Using the slogan "vote for the pimp",it was a reminder that many Egyptians revile Sisi for his role in a crackdown that has seen at least 16,000 political dissidents arrested since regime change last July, and thousands killed. After months of speculation as to whether he would stand for the presidency, Sisi resigned from the military in March, paving the way for a return to strongman leadership for Egypt. Sisi had been spoken of as a potential head of state after he removed Morsi last July, following days of mass protests against the Islamist-slanted government. A poll from late March by Egypt's leading pollsters, Baseera, suggested that 39% of Egyptians would vote for Sisi in an election. This dwarfs support for the two other well-known candidates currently in the race – the rightwing football club chairman Mortada Mansour and leftist Hamdeen Sabbahi, who moulds himself in the image of Egypt's 60s autocrat, Gamal Abdel Nasser. But it is a marked drop from Baseera's February poll, which gave Sisi 51%. Most voters say they are yet to decide, but their choice is already limited by the withdrawal of two leading candidates who say that the race will be neither free nor fair. More»
Amwal Al Ghad English - 2014-04-12 07:42:58
AT&T has sold more than 300 million shares in billionaire Carlos Slim's America Movil, following up on other sales last year, a filing with the U.S. Securities and Exchange Commission showed on Friday. AT&T's stake in America Movil (AMXL.MX), which is Latin America's biggest phone company, is now about 8.36 percent, according to Reuters' calculations based on outstanding shares in America Movil on Friday. AT&T (T.N) had about 9 percent of America Movil's stock at the end of December, a separate filing at that time showed. Representatives of AT&T and America Movil did not immediately respond to requests for comment. The U.S. phone company, a long-term major shareholder in America Movil, has two seats on the Mexican company's board. America Movil shares closed down 0.23 percent at 13.05 pesos. The company's shares have dropped 14 percent this year as Mexico's telecom watchdog has announced a string of measures as part of a government reform effort to increase competition and curb dominant companies in Mexico's broadcast and phone markets. More»
Amwal Al Ghad English - 2014-04-12 07:38:01
Microsoft Corp's board faces a lawsuit over the way it handled an error with its Internet Explorer browser that ended up costing the company a record-breaking $731 million fine by European antitrust regulators. The lawsuit, brought by shareholder Kim Barovic in federal court in Seattle on Friday, charges that directors and executives, including founder Bill Gates and former Chief Executive Officer Steve Ballmer, failed to manage the company properly and that the board's investigation was insufficient into how the miscue occurred. The legal action is the first to emerge from a humiliating episode for Microsoft, which the software company has never fully explained and has accounted for only as a "technical error." In March last year, the European Union levied its largest ever antitrust fine against Microsoft for breaking a legally binding commitment made in 2009 to ensure that consumers in Europe had a choice of how they access the internet, rather than defaulting to Microsoft's Internet Explorer browser. Its investigation found that updated software issued between May 2011 and July 2012 meant that 15 million users were not given a choice. It was the first time the European Commission, the EU's antitrust authority, handed down a fine to a company for failing to meet its obligations. More»