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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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        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

Nayera Eid - 2014-03-09 11:59:13
Chairman of Digital Marketing Experts (DMX)- Egypt Mr. Haitham Helmi said his company is aiming to spread marketing culture through a number of strategic axes, which the company will begin in circulating and marketing for the companies operating in the market during the current year interaction with users and obvious differences between them previously and currently at the top, stressing that Egypt is a candidate to join the ranks of the major countries in e-marketing services by 2017. Helmi told Amwal Al Ghad Arabic’s website that the volume of e-marketing via internet in Egypt reached EGP500 million within the last year, expecting that the market will double Three times during the current year becoming EGP1.5 billion at the end of 2014. Helmi expected that the growth rates of digital marketing industry revenues will be doubled 3 times to up EGP1 billion and EGP500 million by the end of 2014, meanwhile boosting Egypt’s digital marketing investments will become EGP17billion by 2017, stressing that despite the challenges which are facing the industry in the domestic market, lack of awareness regarding the importance of allocating strong budgets for digital marketing until the rate will not exceed 5% , but it is expected that these rates will increase to attain from 10-15% this year. More»
Amwal Al Ghad English - 2014-03-09 08:37:46
A wildcat strike at an IBM factory in southern China illustrates how tectonic shifts under way in the country's labor market are emboldening workers to take matters into their own hands, raising risks for multinationals. More than 1,000 workers walked off the job last week at the factory in Shenzhen, bordering Hong Kong, after managers on March 3 announced the terms of their transfer to new ownership under Chinese PC maker Lenovo Group Ltd. Lenovo agreed in January to pay $2.3 billion for International Business Machine's low-end server business. The strike, which continued into Sunday, fits a growing pattern of industrial activism that has emerged as China's economy has slowed. A worsening labor shortage has shifted the balance of power in labor relations, while smartphones and social media have helped workers organize and made them more aware than ever of the changing environment, experts say. "Chinese workers, after being exploited for so long, are now more and more aware of their rights and united. They have more of an idea of collective action," said labor lawyer Duan Yi. More»
Amwal Al Ghad English - 2014-03-09 07:01:11
AT&T Inc said on Saturday it is cutting wireless data charges for individual customers who have no annual service contract, as the No. 2 U.S. mobile operator attempts to better compete with rival T-Mobile US Inc. Customers having one smartphone with no annual service contract will now pay $65 per month instead of $80 for a plan that includes 2GB LTE wireless data, unlimited talk and text messaging, unlimited international messaging and 50 GB cloud storage. Customers with two smartphones will now pay $90. The latest plan follows price cuts AT&T announced last month for families and customers who share large data plans, as well as its offer of a $200 credit to customers who switch to its network. AT&T has been fiercely competing with smaller rival T-Mobile U.S. after T-Mobile spent several quarters directly marketing to AT&T customers. T-Mobile, a long-time industry straggler, was able to report three full quarters of customer growth after four years of losses. Separately on Friday, T-Mobile said it was doubling to 1GB the amount of LTE wireless data it was providing with its flagship Simple Choice plan, which costs $50 a month, and also includes unlimited talk and domestic and international text messaging. More»
Nayera Eid - 2014-03-08 14:59:48
Eng. Hesham Alayli CEO of National Telecommunication Regulatory Authority (NTRA) asserted that the mobile phone operators have the right to obtain the International Gateway License in case of agreeing on its current price. Alayli explained that the law stipulates that the companies which operating in the market have the right to get any features or additional conditions obtained by new firms which enter the market in this case Mobinil and Vodafone  have the right to obtain a license after passing international calls for Etisalat Egypt. An official source in NTRA revealed that the price of the International Gateway License up around EGP4 billion. Meanwhile determining a date for international gateway and prices it is one of the outstanding problems between mobile phone operators and Telecom Egypt (ETAL-CA)(TE). Three operators called to obtain international gateway license in conjunction with offering the integrated operator license. The trade volume between TE and mobile operators reach EGP4 billion, Vodafone and Mobinil pay EGP2.5 billion the value of international gateway services and EGP1.5 billion which pay by three operators. More»
Nayera Eid - 2014-03-08 13:00:10
Egyptian Telecom Minister, Atef Helmy said he does not satisfy with the three mobile phones’ operators statements regarding some outstanding differences between them and the Telecom Egypt (ETAL-CA)(TE) concerning the integrated operator license and restoring to international arbitration. Helmy added that dealing with the three mobile operators will be transparency, stressing that it was taking into account the power balance in the market and lack of preference for any of the 3 operators and TE. Vodafone Global explained that it has to take measures for offering equitable integrated license and avoid the monopoly of Telecom Egypt for fixed and mobile services. Vodafone emphasized that the current shape of license will permit for TE to depend on infrastructure network for mobile operators without launching its private network. National Telecommunication Regulatory Authority (NTRA) approved to grant TE and mobile operators integrated operator license and to review it on the economic committee for ratification without addressing Telecom Egypt’s stake in Vodafone. More»
Nayera Eid - 2014-03-06 13:06:01
Eng. Atef Helmy, Egyptian Telecom Minister said the losses of Egypt post declined with 50% from EGP856 million to EGP436 million, explaining that it is expected to attain around EGP100 million profits after the changes which have done for its board of directors despite the increase of workers’ salaries with EGP400 million. The Minister met the representatives of Egypt Post in Cairo, Alexandria, Giza, Kafr El-Sheikh, Qena, and some leaderships in order to know the demands and to study the possibility of implementation. During the meeting, it was agreed to form a committee at the highest level of authority includes legal, financial, administrative and senior management prominent figures  to consider granting the workers 7% periodic rate from the basic salary. The committee decided to start its work from March9 2014 so that the committee will lift its report regarding the previous topics to review in the first meeting after finalizing its works. More»
Amwal Al Ghad English - 2014-03-06 08:48:04
Egypt-based international telecoms firm Global Telecom Holding (GTH) (GTHE.CA), formerly Orascom Telecom Holding, reported a fourth-quarter net loss of $749 million on Thursday, a 59 percent increase in losses on a year ago, blaming lower currency exchange rates and regulatory pressures in several countries in which it operates. In a release published on Thursday, Global Telecom said revenues fell to $834 million from £908 million in the same period in 2012. Global Telecom is 51.9 percent owned by Vimpelcom. Ahmed Abou Doma, Chief Executive Officer, comments :  In the fourth quarter of 2013, our customers increased 7% YoY to exceed 89 million customers, driven by steady growth in Algeria and Pakistan as well as strong additions in Bangladesh and Canada. Our revenue stood at USD 834 million for the quarter, representing an organic decline of 6% compared to last year, with an EBITDA of USD 397 million. Reported results in US dollar were adversely impacted by the local currency depreciation against the US dollar, mainly in Pakistan and Algeria. More»
Amwal Al Ghad English - 2014-03-05 15:57:50
Yahoo Inc will stop letting consumers access its various online services, including Fantasy Sports and photo-sharing site Flickr, by signing-in with their Facebook Inc or Google Inc credentials. The change, which will be rolled out gradually according to a Yahoo spokeswoman, will require users to register for a Yahoo ID in order to use any of the Internet portal's services. The move marks the latest change to Yahoo by Chief Executive Marissa Mayer, who is striving to spark fresh interest in the company's Web products and to revive its stagnant revenue. "Yahoo is continually working on improving the user experience," the company said in a statement, noting that the new process "will allow us to offer the best personalized experience to everyone". The first Yahoo service to require the new sign-in process is Yahoo Sports Tourney Pick'Em, a service focused on the NCAA college basketball tournament which begins later this month. News of the change to Yahoo's Tourney Pick'Em sign-in process was first reported by the technology blog Betanews. Since Mayer took the reins in 2012, the company has rolled out new versions of many of its key products, including Yahoo Mail and Yahoo Finance. Last year, Yahoo announced a program to recycle inactive Yahoo user IDs, letting new users claim email addresses that have not been used for more than 12 months. In eliminating the Facebook and Google sign-in features, Mayer, a former Google executive, is effectively reversing a strategy that Yahoo adopted in 2010 and 2011 under then CEO Carol Bartz. The change to the Tourney Pick'Em sign-in process began on Monday, the Yahoo spokeswoman said, noting that users could still access other services with Google or Facebook IDs. The sign-in buttons for Facebook and Google will eventually be removed from all Yahoo properties, the Yahoo spokeswoman, though she declined to provide a timeframe. More»
Amwal Al Ghad English - 2014-03-05 15:53:04
The European Central Bank should cut interest rates and either inject more liquidity into the banking system via its Long-Term Refinancing Operations (LTRO) or start public and private asset purchases, International Monetary Fund officials said. The ECB is due to hold a meeting on monetary policy on Thursday. Consumer inflation, which the bank wants to keep below, but close to 2 percent over the medium term, has been stuck in what the ECB called the danger zone of below 1 percent for five months. "You can have too much of a good thing, including low inflation," Reza Moghadam, the head of the IMF's European Department said in a blog. The blog was co-authored by his deputy Ranjit Teja and senior economist Pelin Berkmen. "Very low inflation may benefit important segments of the population, notably net savers. But in the current context of widespread indebtedness problems, it is working to the detriment of recovery in the euro area, especially in the more fragile countries, where it is thwarting efforts to reduce debt, regain competitiveness and tackle unemployment," they said in the blog. "The ECB must be sure that policies are equal to the tasks of reversing the downward drift in inflation and forestalling the risk of a slide into deflation," they said. "It should thus consider further cuts in the policy rate and, more importantly, look for ways to substantially increase its balance sheet, be it through targeted LTROs or quantitative easing (public and private asset purchases)," the blog said. On Monday, IMF chief Christine Lagarde said the fund saw a risk of an extended period of low inflation in the euro zone and that central bankers must be ready to act so that it does not derail an incipient recovery. More»
Nayera Eid - 2014-03-05 12:19:13
Lenovo’s global PC market share have reached 18.6% by the end of 2013, to rank first in the worldwide PC market, said Lenovo Egypt Country Manager Yasser Shaheen on Tuesday. Shaheen told reporters during a press conference on Tuesday that Lenovo has taken the third position in the Egyptian PC market, with 15.9% share by the end of 2013. With a current 13.1% share, Shaheen said Lenovo is likely to rank first as the largest vendor of PC and smartphones in MENA and North Africa by 2015. More»