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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 - 2015-04-14 10:40:30
Finnish telecommunications-equipment maker Nokia Corp. is in advanced talks to purchase French rival Alcatel-Lucent SA, the two companies said Tuesday, a deal that would create a new global networking behemoth to rival Sweden's Ericsson and China's Huawei Technologies. The deal currently under consideration is a "full combination" that would entail Nokia making a public offer for Alcatel-Lucent stock, the companies said. The deal could still fall apart, they added. It isn't clear if the parties have agreed on a valuation. Alcatel-Lucent's market capitalization stands at roughly EUR11 billion ($11.63 billion), while Nokia's market capitalization is about EUR28 billion. In response to the statement, Alcatel-Lucent's shares rose 13% to EUR4.38 in morning trading in Paris, while Nokia shares fell 7.3% to EUR7.205. A Nokia-Alcatel merger deal would cap years of speculation about a possible tie-up between the two firms, and reshape the telecommunications-equipment business by creating a company with a combined 2014 revenue of EUR25.9 billion and more than 100,000 employees in businesses spanning wireless communications and Internet routing. Market leader Ericsson reported revenue of EUR25.1 billion in 2014, while Huawei's telephone-carrier equipment business had revenue of about EUR23.6 billion, at average exchange rates for the year. Cisco, which competes with Alcatel in Internet routing, amid its broader enterprise and consumer businesses, had revenue of $47.1 billion for the year ending July 26. A purchase of Alcatel-Lucent by Nokia could face a tricky political dance in France. French officials have promoted the idea of creating pan-European giants to compete globally, in the model of Franco-German aerospace firm Airbus. But Alcatel-Lucent is also a major employer and symbolic of French industry. One French government official said that any deal involving Alcatel-Lucent would likely have to be structured to keep a significant French influence in the new company for the deal to pass muster in Paris. A spokeswoman for Economy Minister Emmanuel Macron declined to comment. The timing of any deal remains unclear, but the two companies will face shareholders in the next few weeks. Nokia holds its annual shareholder meeting on May 5, while Alcatel-Lucent is scheduled to hold its meeting on May 26. The possible French-Finnish tie-up would join two companies that are only recently emerging from a troubled wave of consolidation nearly a decade ago. At the time, the companies were suffering from a price war with Chinese firms. Since then, Huawei has roughly tripled the revenue of its business selling gear to telecommunications firms. Nokia's telecommunications-equipment unit struggled for years in what was an awkward joint venture with Siemens AG, forcing a brutal round of staff cuts and restructuring to return to profit. Nokia bought Siemens out of the newly profitable company in 2013, after agreeing to sell its cellphone handset business to Microsoft Corp. Alcatel-Lucent meantime has lurched through repeated restructuring plans and asset sales as it burned cash. Created in 2006 in the merger of France's Alcatel and the U.S.'s Lucent Technologies, a spinout from the old AT&T, it is only in 2015 finally on track to post positive free cash flow. For Nokia, a deal would be a way to gain market share in the competitive wireless business against Ericsson in the profitable U.S. market, where Alcatel-Lucent has historical roots and long-standing relationships with Verizon Communications Inc. and AT&T Inc. It would also add Alcatel-Lucent's fast-growing Internet routing business, which is one of the firm's profit engines that analysts are counting on for future growth. Nokia's equipment business has since its restructuring focused solely on wireless networking. Alcatel-Lucent's wireless business has been a sore spot. Its market share has slowly dwindled in part from lost contracts in Europe. Big spending from carriers in the U.S. and China on new high-speed LTE networks helped boost revenue in recent years, but with some of those build-outs rolling down, revenue in the division was down 9% on-year in the fourth quarter. More»
Amwal Al Ghad English - 2015-04-14 07:42:41
Nokia Oyj (NOK1V.HE) is in talks to buy Alcatel-Lucent (ALUA.PA), the companies said in a statement on Tuesday, a potential deal that could create a European telecoms equipment group worth over 40 billion euros ($42.16 billion). In a joint announcement, the pair said "there can be no certainty at this stage that these discussions will result in any agreement or transaction." The statement came in reaction to reports that Nokia may buy France-based Alcatel's mobile networks arm. More»
Amwal Al Ghad English - 2015-04-12 09:44:10
Iran's Arabic-language state TV network Al Alam said Sunday its Twitter account had been hacked and a false report was posted that an Iran-allied rebel leader in Yemen had died. Al Alam has covered the crisis in Yemen since Saudi Arabia and Arab allies launched air strikes against the Shi'ite Houthi movement this month. The air strikes have raised tensions between Shi'ite Muslim Iran and Sunni Saudi Arabia, who are vying for influence amid sectarian wars shaking the region. The false news on Houthi leader Abdel Malek al-Houthi's death was tweeted by Al Alam's account on Saturday, and several later posts published contact information for the channel's reporters around the region. The channel said it was working on restoring its account. Al Alam's Youtube channel also appeared to be hacked, and a video was posted of a song praising Saudi King Salman bin Abdulaziz with the Saudi flag as a backdrop. The station was taken off the air by Arab satellite operators based in Egypt and Saudi Arabia in November. U.S.-allied Arab governments have watched with alarm as Iran's influence has spread in the wake of the 2003 U.S. invasion of Iraq and the rise of Iranian-backed armed groups throughout the region. More»
Amwal Al Ghad English - 2015-04-11 15:51:46
Yahoo's chief Marissa Mayer is shuffling management again to bring new leadership to blogging site Tumblr and Web video, two areas where she has pushed for more growth. Adam Cahan, the executive who had overseen mobile products, will lead a new group focused on video, according to people who have reviewed a company-wide memo sent by Mayer on Friday. The shakeup has also resulted in a demotion for David Karp, who founded Tumblr and sold it to Yahoo for $1.1 billion in 2013. At the time of the deal, Mayer pledged to let the site continue operating independently under Karp’s control. Rather than report to Mayer, his new boss will be Simon Khalaf, who joined Yahoo with its acquisition of mobile analytics provider Flurry last year. Khalaf has been promoted to senior vice president overseeing the home page and Tumblr, the memo said. In another change, the former head of Yahoo’s home page, Mike Kerns, is departing from the company, he said in a Twitter post on Friday. Kerns, who joined Yahoo when it acquired his startup, Citizen Sports, in 2010, rose to the role of senior vice president and led redesigns of several of the company’s most popular sites, including its home page, news and finance portals. More»
Amwal Al Ghad English - 2015-04-11 08:35:19
Nokia is considering selling its maps business known as HERE, a source familiar with the matter said on Friday, pushing up shares in the Finnish company as well as its network gear rival Alcatel-Lucent. After the exit from handsets, analysts have seen little synergies between the map unit and Nokia's mainstay network gear business. Nokia has hired a financial adviser to explore a sale of the unit, the source added. Bloomberg first reported news of the sale on Friday. More»
Amwal Al Ghad English - 2015-04-11 08:28:24
China's Alibaba Group Holding Ltd (BABA.N), the world's biggest e-commerce company, has formed an automotive unit and a 'smart living' division in the past week, the firm said on Friday, as it ramps up its cloud computing, hardware and big data operations. Alibaba, like many rival Chinese tech firms, is racing to introduce Internet and computing capabilities to various kinds of everyday products, ranging from televisions and home appliances to cars. This has the $214-billion company pitched against rivals like social networking and online entertainment giant Tencent Holdings Inc (0700.HK), search leader Baidu Inc (BIDU.O), e-commerce competitor Inc (JD.O) and hotshot smartphone maker Xiaomi Inc [XTC.UL]. More»
Amwal Al Ghad English - 2015-04-11 08:03:34
Apple Inc has approached more than a dozen musicians, including British band Florence and the Machine, in an effort to sign exclusive deals for some of their music to be streamed on Beats, Bloomberg reported, citing people familiar with the matter. The company is in talks with Florence and the Machine to give Apple limited streaming rights to a track from their album set to be released in June, Bloomberg said. Apple has also approached Taylor Swift and others about partnerships, the report said. Apple declined to comment. More»
Amwal Al Ghad English - 2015-04-09 09:29:57
Samsung Electronics Co Ltd is expecting record shipments for its new Galaxy S6 smartphones and said it will struggle to meet demand for the curved-edged version due to production constraints, adding to hopes for a turnaround in mobile sales. The S6 models are widely expected to sell briskly following a string of positive reviews, boosting prospects for an earnings recovery in 2015. This week, the company estimated its January-March operating profit to be its highest in three quarters, which analysts said was partly because Samsung put its own chips in the new phones. Samsung expects the flat screen S6 to sell more than the higher-margin S6 edge - priced about $120 more in South Korea - but mobile chief J.K. Shin said at a media event on Thursday the firm won't be able to keep up with demand for the latter model in the near term because the curved screens are harder to manufacture. "Some carriers are switching existing orders to get more of the S6 edge, and it looks like demand for the model will exceed supply throughout this year," said HMC Investment analyst Greg Roh. "That means average selling price will fall at a slower rate, which will have a positive impact on Samsung overall." Samsung has not disclosed its shipment record for the handset. Analysts regard the Galaxy S3 as its best-selling model overall, though they estimate the Galaxy S4 to have done better in its initial year, when a model is most profitable. Nomura estimated that Samsung sold 80 million S3s in three years from its 2012 launch, and 43 million S4s from the model's April 2013 launch to the end of that year. Some analysts say Samsung could ship 50 million or more S6 phones this year. Samsung's Shin also said the South Korean electronics maker is preparing a variety of wearable devices, including a new version of its Gear smartwatch, but did not give specifics. Arch-rival Apple Inc is due to roll out its much-anticipated smartwatch on April 24. QUALCOMM STILL A PARTNER Shin acknowledged that Samsung opted for its own mobile processor and modem chip in the Galaxy S6 instead of equivalents from U.S.-based Qualcomm Inc. Samsung previously relied heavily on Qualcomm chips for its flagship phones, but recent reports based on dismantling Samsung's handsets showed the firm replaced many Qualcomm chips with its own. Shin said the companies remain close partners. "We have to use the best engines to make our products competitive, which is why we opted to use our own chips," Shin said. "But we may very well end up using products from Qualcomm again in the next Galaxy phone." The new Galaxy devices go on sale in 20 countries on Friday. More»
Amwal Al Ghad English - 2015-04-09 08:06:32
Facebook has verified the accounts of several Egyptian activists, many with critical views of the government, posing questions about their legal accountability for future posts. Those with recently verified accounts include journalists, researchers, bloggers and political activists. Facebook started verifying accounts in May 2013, “to help people find the authentic accounts of celebrities and other high-profile people and businesses.” According to Facebook, the small blue tick will only be put next to the names of prominent celebrities, journalists, government officials, popular brands and businesses with large audiences. Socialist activist Wael Khalil, one of those who woke up on Wednesday to find their Facebook account had a blue tick, said the legal debate around it did not concern him. “I deal with my Facebook posts as public statements that I stand by and take responsibility for,” said Khalil, who is also a software engineer. He said the online authentication will not have much effect in Egypt’s “unstable legal environment.” The list of those with new authentication signs include Mona Seif, the founder of the "No to Military Trials" movement and sister of jailed activists Alaa Abdel-Fattah and Sanaa Seif. Also verified is Egyptian-Palestinian poet and political scientist Tamim Al-Barghouti and political activist Mahinour El-Masry, who received a suspended sentence last year for illegal protesting. Facebook decides on whom to verify. Settings on the most popular social media website state that users cannot request verification in the region including Egypt. In recent months, police have arrested people who allegedly belong to the banned Muslim Brotherhood and use social media to promote violence and plan anti-government protests. In 2011, a Facebook page called “We Are All Khaled Saied” gathered massive online support that spilled over into street protests and forced longtime autocrat Hosni Mubarak to step down. Khaled Saied was a young man tortured to death by police in Egypt’s second largest city of Alexandria in 2010. More»
Amwal Al Ghad English - 2015-04-08 10:51:22
Microsoft’s Lumia 640 XL is now available in Egypt for 1,750 Egyptian pounds (US$229). The Windows Phone is listed at online retailer Color options available are blue, orange, white and black. Free delivery is included, and financial plans are at hand for those who desperately want the smartphone but are unable to pay the full price. The Microsoft Lumia 640 XL comes with a 5.7" HD IPS screen with ClearBlack technology and a 13MP camera with Zeiss f/2.0 lens and 5MP selfie camera, both of which can do 1080p video. It is powered, by a rather dated Snapdragon 400 SoC, that includes a 1.2GHz quad-core Cortex-A7, 1GB of RAM and Adreno 305 GPU and has a 3,000 mAh battery. More»