amwalalghad :: Tech news

Your English Portal To Arab Economy

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

Sameh el-Feky - 2013-12-24 13:14:16
As pursuant to a protocol worth EGP 150 million with Egypt’s Information Technology Industry Development Agency (ITIDA), Ahli United Bank (AUB) has approved on Tuesday to grant a EGP 5 billion loan to Linatel for Telecommunications Company. Dr. Hamdy El Leithy - CEO of Linatel – stated that his company will receive a loan in the amount of EGP 5 billion from the AUB by mid-January. The loan is designed to fund the maintenance and installation of mobile phone networks works for Vodafone Egypt and Mobinil. El Leithy further told Amwal Al Ghad that Linatel plans to get into new projects with the mobile operators within the first quarter of 2014, saying the current stage is witnessing a relative stability. Moreover, El Leithy said the maintenance and installation works of mobile phone networks are suffering from  clear slowness since June 30 demonstrations and till now, asserting on the importance of providing  safety for the workers in Linatel. El Leithy has also referred that the installation of the new equipments  had also suffered due to the protests and theft cases  in many governorates across the country  especially for Mobinil and Vodafone networks which deal with Linatel. Linatel was established in Jan 2010 with paid-up capital valued at EGP 20 million to provide world class services to contribute to the acceleration of advancement of the ICT sector. More»
Nayera Eid - 2013-12-24 11:05:02
Eng. Hatem Dowidar, CEO of Vodafone Egypt revealed that Vodafone Global did not distribute Vodafone Egypt's profits of the fiscal year of 2012/2013, seeking to cover the integrated operator license costs. Dowidar explained that Vodafone Global has a right to distribute or not distribute its profits as it owns the high share which is 55% from the total shares of the company, stressing that the three mobile phone operators don’t know exactly the value of the license integrated and prices of different services, hence the company decided to keep the profits until reaching the optimal way to make use of them. Eng. Mohamed Al-Nawawi, CEO of  Telecom Egypt (TE)(ETAL-CA) which has 45% share of Vodafone Egypt revealed to Amwal Al Ghad in a previous exclusive that TE did not obtain Vodafone’s profits of the fiscal year for the company, explaining that the minority share does not enable to have the right for distributing profits. More»
Amwal Al Ghad English - 2013-12-24 09:55:01
Telecom Egypt ( TE )(ETAL-CA) announced today signing a Memorandum Of Understanding (MOU) with Cisco to supply a range of flexible and highly efficient managed services for enterprise customers. The agreement was finalized on the sidelines of the Cairo ICT 2013 fair during the presence of the Egyptian Minister of Communications and Information Technology, Eng. Atef Helmy. TE’s CEO Mohammed El Nawawi said: "The Egyptian market is an exciting one, growing rapidly and with great prospects for future growth. Converged communication has become one of the basics of life, and as TE moves towards becoming a total telecom provider, we strive to provide our customers with technological solutions at competitive prices." Tamer Gadallah, Head of Enterprise Business Unit of Telecom Egypt said: "We have seen significant, steady growth in the services and solutions offered by our company, making it the first choice in the enterprise market and the largest provider of Internet services. TE understands its customers' needs and as a result of this provides them with the latest, highest standards of security services." More»
Amwal Al Ghad English - 2013-12-24 09:58:38
Apple Inc. (AAPL) haggled for six years to clinch a deal to sell the iPhone through China Mobile Ltd. (941) The quest to win holdout customers in the world’s most populous country is far from over. The deal, announced yesterday, gives Cupertino, California-based Apple access to China Mobile’s 763 million subscribers at a time when 90 percent of new mobile-phone purchases in China are smartphones. It also paves the way for Apple to battle market-share leader Samsung Electronics Co. (005930) in one of the fastest-growing markets. Even so, the partnership with China Mobile doesn’t guarantee Apple a prolonged boost. Forrester Research projects the deal will lift Apple’s smartphone market share in China by just three percentage points to 8 percent. IPhones -- including the new lower cost iPhone 5c -- remain too expensive for most customers in a country where competitors offer cheaper alternatives with in-demand bigger screens. Other hurdles facing the iPhone include the limited rollout of China Mobile’s high-speed network, a scarcity of apps compared to other handsets and a dearth of Apple-owned retail outlets. “It’s not as if everyone in China is desperately waiting for an iPhone,” said Benedict Evans, an analyst with Enders Analysis in London. “Even the iPhone 5c is seriously expensive in the Chinese market. Under Pressure The agreement with China Mobile comes as Apple looks to reignite growth after its first annual profit decline in at least a decade. As the market for the most expensive smartphones becomes more saturated in the U.S. and other developed nations, China is critical for Apple. In the fiscal year ended in September, the company generated $27 billion in sales in what it calls Greater China, which includes Hong Kong and Taiwan, up 14 percent from a year earlier. “China is an extremely important market for Apple and our partnership with China Mobile presents us the opportunity to bring iPhone to the customers of the world’s largest network,” Apple Chief Executive Officer Tim Cook said in the statement announcing the China Mobile deal. The company declined to comment further. Apple shares rose 3.8 percent to $570.09 at the close in New York in the biggest one-day gain since Sept. 23, buoyed by news of the deal. Under the agreement, iPhones will become available in China Mobile stores starting Jan. 17. Focused Strategy Apple could use a boost in China, where it has faced declining market share as it only had distribution deals with smaller carriers China Unicom (Hong Kong) Ltd. (762) and China Telecom Corp. (728) and its handset didn’t support China Mobile’s homegrown third-generation standard. The iPhone maker ranked fifth with 6 percent of China’s market during the third quarter, researcher Canalys said in November. Yet with the China Mobile deal, Apple isn’t going after market share, said Evans. Apple’s strategy is to attract wealthier customers who can afford an iPhone, letting the company maintain its industry-leading profit margins. Getting about 2 percent of China Mobile’s customers equates to about 20 million new iPhone sales, according to Deutsche Bank AG. Adding the iPhone on China Mobile will particularly challenge Samsung’s leadership for high-end smartphone sales. Samsung had 21 percent of China’s market in the third quarter, up from 14 percent two years ago, according to Canalys. “This agreement will affect Samsung the most because, along with Apple, they are in the class of high-end smartphones that are an aspiration play in China,” Shaun Rein, managing director of China Market Research Group in Shanghai, said in a phone interview. “Some of the China Mobile users who had bought Samsung before, due to a lack of premium choices, will now switch to Apple.” Numerous Hurdles Apple’s partnership with the largest carrier will mean Samsung must take steps like boosting marketing, said TongYang Securities Inc. analyst Park Hyun. Still, Apple’s targeted strategy faces challenges in China. That includes the iPhone’s cost, which starts at the equivalent of more than $700 for the 5c, or double the average monthly wage in China. Competitors with handsets running Google Inc.’s Android software, including Samsung, Lenovo Group Ltd. (992), and China Wireless Technologies Ltd. (2369) offer phones at cheaper prices. A smartphone from Xiaomi Corp. is available for about $135, said Evans. “Price is the number one challenge,” said Bryan Wang, principal analyst and country manager in China for Forrester. “You’re looking at $600 and above for the iPhone and that is significantly higher than the average selling price for Android devices.” ‘Key Variable’ Apple and China Mobile didn’t disclose pricing details in their announcement. Customers in China often don’t get a subsidy that cuts the price of the iPhone like they do in the U.S. Still, China Mobile last week said it will boost handset subsidies next year, as it plans to sell as many as 220 million smartphones in 2014, compared with 155 million this year. “The pricing is the key variable,” said Michael Walkley, an analyst with Canaccord Genuity. (CF) “If China Mobile gives an attractive subsidy, that could lead to higher sales.” China Mobile doesn’t disclose subsidies on specific devices, Rainie Lei, a Hong Kong-based spokeswoman said in an e-mail. China Mobile will implement “a prudent, rational mobile phone subsidy policy” next year, she said, without supplying details. Market Slice The iPhone also isn’t initially available for all of China Mobile’s subscribers. While the carrier has 763 million subscribers, it is just beginning to roll out a high-speed LTE network that is compatible with the iPhone. The fourth-generation service is starting in 16 cities, including Beijing, Shanghai, Guangzhou and Shenzhen, and will later spread to more than 340 by the end of 2014, the companies said in the statement. The carrier said in February its 4G network would include 200,000 base stations to reach a population of 500 million. Apple also has a relatively limited company-owned retail presence in China. While iPhones will be available through China Mobile’s stores, Apple itself has only nine stores in the mainland out of its total 416 worldwide as of the end of September. The company has been reliant on third-party retailers to sell its handsets around the country, eliminating an advantage it has enjoyed in the U.S., Europe and elsewhere. Apple is striving to change that dynamic, increasing the number of areas where the iPhone is for sale by 50 percent and planning to open more retail stores beyond the nine now operating in China. Mobile Applications As it tries to lure customers, Apple doesn’t have as robust an ecosystem of software applications in China as it does in the U.S. and Europe, said Lydia Bi, an analyst with Canalys. Chinese vendors have more localized services available than Apple. “The quality of content of the Apple China Store cannot compete with some Chinese local vendor’s as well as Apple’s own stores in more developed countries,” Bi said. Apple’s smaller screen size compared to rivals may limit sales as well, said Wang of Forrester. (FORR) About 40 percent of Android devices sold through carriers in China in 2014 will have screen sizes above 5 inches, compared to the 4-inch iPhone screen, he said. “Consumers in China particularly like larger screen devices,” he said. More»
Sameh el-feky - 2013-12-23 13:38:41
The Egyptian Information Telecommunications, Electronics & Software Alliance (Eitesal) cooperated with Alexandria Software & Information Technology Association (ASITA) for inaugurating its new headquarter which serving information technology enterprises in Alexandria governorate. Assem Wahby, Secretary General of Eitesal and Business Development Consultant ACT ‘System Integration’ said Eitesal’s participation in this important event comes in the framework cooperation between the two parties and the role which is playing by Eitesal for the civil society in order to exchange expertise between them. Wahby added that this step comes to support the enterprises in Alexandria and due to this cooperation, the services will be provided to the members of ASITA as they enjoyed the advantages and services. Wahby explained that ASITA includes 43 members and Eitesal has 370 members, the two associations are aiming to make ASITA has 150 members within two years through activating the cooperation between them and providing the necessary support for the emerging governorates. More»
Nayera Eid - 2013-12-23 10:03:05
The Information and Communication Technology (ICT) Ministry is aiming to obtain the Cabinet’s approval on the digital documentation project tender within two months with expected investments up EGP600 million. Eng. Mokbel Fayyad, CEO of Prosylab Company said the Cabinet agreed on the final conditions regarding the digital documentation project for databases, pointing out that the Ministry will review the project on the Cabinet in order to approve on it before offering the last tender. Fayyad has informed Amwal Al Ghad that the project will be offered by PPP system, noting that Small and Medium Enterprises (SMEs) will be alliances to compete in the projects of the same type. He pointed out that the firms will depend on financing the project on the banking loans in cooperation with the National Bank of Egypt (NBE), Ahli United Bank(AUB), Social Fund for Development (SFD) which signed protocol with Information Technology Industry Development Agency (ITIDA) in 2013 to provide financing up EGP450 million for SMEs. Eng. Atef Helmy, Egyptian ICT Minister asserted that the Ministry will focus on the national projects which will be implemented through PPP system and at the top of projects the Digital Documentation in cooperation with Notary Public office and the technological zones. More»
Amwal Al Ghad English - 2013-12-23 09:31:47
Apple Inc said it has signed a long-awaited agreement with China Mobile Ltd to sell iPhones through the world's biggest network of mobile phone users. In a deal that could add billions of dollars to its revenue, Applesaid its smartphones will be available to China Mobile customers starting January 17. Pricing and availability details for the iPhone 5S and 5C lines will be disclosed at a later date, it said in a statement. China Mobile, which has about 760 million customers, will begin registering orders for iPhone from December 25, the company said on its account on the Sina-Weibo micro-blogging service. The tie-up provides a much-needed boost for Apple in a country where it's trailing rivals, even though China is its second-largest market after the U.S. It will also give Apple extra firepower in its intensifying global competition with South Korea's Samsung Electronics Co Ltd. Apple didn't disclose financial terms of the agreement. Tim Cook, Apple's chief executive, said in its statement that China is an extremely important market for the Cupertino-based company. In a country where smartphone sales are booming, Apple has trailed its competitors. Shipments of iPhones in the country grew 32 percent year-on-year for the third quarter, about half of China's Lenovo Group Ltd, which had the next slowest growth at 64 percent year-on-year. SAMSUNG BATTLE China Mobile could gain 17 million new iPhone activations in 2014 alone, according to research firm Forrester - more than the 16.8 million iPhones Apple sold in mainland China for the 12 months ended September, according to Forrester data. But after an expected initial surge, Apple is likely to find itself back in a costly marketing battle with Samsung Electronics. The deal has been years in the making, with numerous visits by Apple to the state-owned carrier's Beijing headquarters. Negotiations have been tricky, in part because of disagreements over details like revenue-sharing, analysts have said. China Mobile was the only Chinese carrier not to offer customers the iPhone up to now due to compatibility issues with the carrier's 3G wireless technology, known as TD-SCDMA. On December 4, Chinese regulators awarded 4G wireless licenses to China Mobile Ltd, China Unicom Hong Kong Ltd and China Telecom Corp Ltd, removing the final stumbling block to a deal that industry observers had long expected. The latest iPhone models support 4G technology known as TD-LTE. China Mobile estimates it does already have about 45 million iPhone users on its network. But these subscribers can only use the company's slower 2G wireless speeds because of the incompatibility with its proprietary 3G technology. Shares of Apple closed at $549.02 in New York on Friday. In Hong Kong, China Mobile shares were up 1.3 percent at midday on Monday, outperforming the broader Hang Seng index which was up 0.7 percent. More»
Amwal Al Ghad English - 2013-12-22 13:23:18
Sector received sales Telecom Egypt (TE)(ETAL-CA) obtained the ISO global ISO 9001 - 2008 in the framework of the efforts of continuous improvement in customer service ,follow international quality standards ,focus on the needs and requirements of the client and put it in the first place, said Mohamed Nawawi, CEO and Managing Director of TE. He referred to get the sales sector such as testimony, this is an important step in the direction towards becoming an integrated communications provider, where the company believes that the most important characteristic of that period if the transition to an integrated operator is to provide Jamea telecommunications services needed by the client (fixed, mobile, Internet) one place and an efficient and high quality, which required more effort and the development of management and employees in improving the working environment within the sector sales, as it comes in line with the company's strategy to enhance the performance and raise the efficiency of workers who represent a treasure human enormous characterized by TE. He explained that the sector sales is the latest sectors that received the ISO, where he obtained 22 sectors of the company during the last period. This achievement the result of effort great his team members sector, and that such testimony will contribute to increasing the efficiency of sector sales and improve quality services provided by the company to its customers which is reflected directly on comfort and customer satisfaction and increases their confidence in the company's services, especially as Telecom Egypt on their way to shift to an integrated operator provides all communications services at the best level of quality.
Amwal Al Ghad English - 2013-12-22 08:57:31
BlackBerry Ltd. (BBRY)’s five-year deal to outsource smartphone production to Foxconn Group is jump-starting its transformation into a services provider, pleasing investors who were looking for a smaller, nimbler company. BlackBerry announced plans yesterday for Foxconn to make its phones at plants in Indonesia and Mexico, sending the shares up 16 percent, the biggest one-day gain in more than four years. The move will help the struggling company cut production spending and avoid the kind of inventory gluts that contributed to a $4.6 billion writedown last quarter. Since BlackBerry’s attempt sell itself faltered last month, some investors and analysts have pushed the company to get out of the money-losing business of making handsets. While yesterday’s move doesn’t jettison the operation or guarantee a return to profitability, it helps BlackBerry refocus on services and software -- products that earn higher margins and can be sold to customers regardless of what kind of phone they use. More»
Nayera Eid, Sameh El-Feki - 2013-12-21 13:02:37
Smart Villages Development and Management Company is intending to launch ‘Smart Village’ in New Damietta during the first quarter of 2014. Dr. Adel Danish, Chairman of Smart Villages Co., & CEO of Xceed said the company is targeting to put clear scheme regarding the region and the way of implementing the buildings, pointing out that the Smart Village will focus on the industries which distributing in Damietta, such as the furniture industry. Danish has informed Amwal Al Ghad that the company will expand to build hybrid buildings ‘administrative and commercial’, adding that it is intending to establish a number of small commercial centers entire Damietta Smart Village. He noted that the current geographic region will allow for Damietta Smart Village to make the best use of the global trade movement which coming from Africa via the Nile River passing through the Mediterranean. Smart Village is aiming to support more developments and economic growths throughout the new headquarter by establishing Damietta Smart Village so as to serve the business and Small and Medium Sized Projects. More»