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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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 - 2016-08-13 07:27:38
Ride hailing company Lyft rebuffed acquisition interest from General Motors Co and will raise a new funding round instead, technology website The Information reported on Friday, citing two people familiar with the situation. GM and Lyft representatives did not immediately comment on the report. GM invested $500 million in Lyft in January and has since said it plans to expand its alliance with the ride services company. In a July interview with Reuters, GM President Dan Ammann declined to comment on whether GM would invest more in Lyft. John Zimmer, Lyft's president, said in the same interview that his company had several advisers, including investment bank Qatalyst Partners, but declined to comment on funding plans. Speculation about Lyft's funding plans comes as its larger rival, Uber Technologies Inc, has merged its money-losing Chinese operations with those of Chinese rival Did Chuxing in a deal announced earlier this month. Didi will invest $1 billion in Uber operations outside of China, giving Uber more money to use against Lyft and other rivals in the United States, Europe and other markets. More»
Amwal Al Ghad English - 2016-08-13 07:00:07
Airlines will likely suffer more disruptions like the one that grounded about 2,000 Delta flights this week because major carriers have not invested enough to overhaul reservations systems based on technology dating to the 1960s, airline industry and technology experts told Reuters. Airlines have spent heavily to introduce new features such as automated check-in kiosks, real-time luggage tracking and slick mobile apps. But they have avoided the steep cost of rebuilding their reservations systems from the ground up, former airline executives said. Scott Nason, former chief information officer at American Airlines Group Inc, said long-term investments in computer technology were a tough sell when he worked there. "Most airlines were on the verge of going out of business for many years, so investment of any kind had to have short pay-back periods," said Nason, who left American in 2009 and is now an independent consultant. More»
Amwal Al Ghad English - 2016-08-11 14:26:42
A US couple is suing an internet mapping firm for $75,000 (£58,000) after years of "digital hell". MaxMind matches IP addresses, which are used to connect devices to the internet, to physical locations. It has said these are not meant to be precise. James and Theresa Arnold say it registered their home as the position of more than 600 million addresses. They say this has led many people to wrongly believe a host of crimes were committed at the property. "The first week after the Arnolds moved in, two deputies from the Butler County Sheriff's Department came to the residence looking for a stolen truck. This scenario repeated itself countless times over the next five years," documents filed with a Kansas court read. More»
Amwal Al Ghad English - 2016-08-11 13:37:43
Telecom Egypt (TE) reported Thursday a 192.6 percent y-o-y jump in second quarter net profit 1.1 billion Egyptian pounds ($124 million. The company posted a net profit of 375.9 million pounds in the second quarter of 2015 TE highlighted in a statement that the primary driver behind surge in profits is higher total revenues, and an increase in income from investments, primarily attributable to Vodafone Egypt. In first quarter of the year, net profit jumped 115.2 percent to reach 1.2 billion pounds. In the first half of 2016, net profit also increased to reach 2.3 billion pounds from 932 million, marking a 148 percent increase. TE financial statements also showed a 20 percent surge in retail business during the first half in comparison to the same period of last year. More»
Amwal Al Ghad English - 2016-08-11 09:19:29
GoTenna is a small, portable device that attaches to your phone, and lets you send text messages and share your location when cellular service is not available. Users can text each other at crowded events, during emergencies and in remote areas. GoTenna requires that at least one person have the device and only allows for communication between goTenna users. GoTenna gets a service range of four to five miles in open environments and half a mile to one mile in congested areas, such as cities. Co-founders Daniela Perdomo and Jorge Perdomo developed the idea after Jorge noticed difficulties in messaging people at concerts and other crowded events. "We wanted to create some way for people to use their phones to communicate in situations when service is unavailable, unreliable or unaffordable," said Daniela, who also is goTenna's CEO. More»
Amwal Al Ghad English - 2016-08-11 08:59:35
Technology companies are about to enter a golden era of mergers and acquisitions, thanks to a key game-changer in the industry, one technology investor told CNBC. "The reason I think we're entering a new era of M&A is that you have very big chip stacks by a group of companies," angel investor Jason Calacanis told CNBC's "Squawk Alley, referencing a recent blog post comparing companies' "stack size" approach to M&A to the escalating stakes in a poker game. "They've gotten used to buying bigger and bigger things, and the bigger things they've bought have actually worked out." Mergers gone awry had once scared relatively cash-strapped companies away from big, risky deals, Calacanis said. But now mega-technology brands like Apple, Google and Facebook are sitting on big cash piles, watching as other large buyouts, like YouTube and Instagram, have proven fruitful. More»
Amwal Al Ghad English - 2016-08-11 09:04:55
Egypt's Orascom Telecom Media and Technology Holding (OTMT) said Thursday its first quarter net profit had dropped to 48.73 million Egyptian pounds ($5.49 million) from 373.85 million in the same period of last year. OTMT, which is owned by Egyptian tycoon Naguib Sawiris, reported a net loss of 3.6 billion Egyptian pounds in 2015 versus a net profit of 263.98 million pounds a year. More»
Amwal Al Ghad English - 2016-08-11 08:54:51
Transport bosses have defended new regulations requiring private hire drivers to pass a test in English, following criticism from Uber. The company said the exam would put drivers out of work. From 1 October, Transport for London (TfL) will require the qualification of licence applicants from countries where English is not the majority language. The new rules will apply to anyone seeking a new licence or a licence renewal. Initial proposals had called for only proficiency in spoken English, but the final draft requires, among other criteria, at least an intermediate language qualification. Besides the spoken portion, the exam also tests reading, writing and listening skills. More»
Amwal Al Ghad English - 2016-08-11 08:49:48
The runaway popularity of "Pokemon Go" has opened up a lucrative market. People who sell gaming accounts online are finding that profiles for the mobile game are selling for thousands of dollars. One listing for "Pokemon Go" on a site called PlayerAuctions is for $999,999. It is for a custom order, so a buyer can tell the seller what they want from an account. The seller will then play the game for them to get the profile up to the requirements requested. On a site called LeagueofTrading, a user managed to sell an account for $2,000, the co-owner of the site told CNBC, who said that Pokemon accounts are going for higher prices than any other game. Listed accounts are completed up to a certain level and sold on - the higher the level, the higher the price. "A $2,000 account is an incredibly large order. We have only ever seen an order of this price once before which was an account for the game League of Legends," James Smith said via email. More»
Amwal Al Ghad English - 2016-08-11 08:27:18
UK-based dealers in illegal drugs earn more money online than any of their European rivals, research suggests, while US dealers had a 36% share worldwide and took home $5m (£3.8m). In January, British dealers made $2.2m (£1.7m), 16% of the online market. Commissioned by the Netherlands government, research company Rand Europe trawled the eight largest drug marketplaces on the dark web. These online sites can be accessed only using a specialised web browser. More»