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

Nayera Eid - 2016-07-27 13:27:21
Egypt’s Minister of Communications and Information Technology Yasser El-Kady ruled out plans to release 5G services in the country any time soon. This statement followed offering 4G licence for sale which will allow all telecom operators the right to provide the full range of services, including both mobile and fixed-line voice and data services, as well as international calls. El-Kady added that his ministry is not to change any of the terms and conditions of obtaining the 4G licence. Fees are still to be half paid in dollars and no time extensions shall be granted after the first of August for applications submission, he said. More»
Amwal Al Ghad English - 2016-07-27 11:32:10
e-finance, a company that specialises in operating financial facilities, began implementing the system to automate documents of the agriculture holdings. The project is carried out in cooperation with ministries of military production, agriculture, and land reclamation, planning, monitoring and administrative reform, and communications and information technology. The system of automating the agricultural holdings documents aims to provide an accurate national database including all the agricultural holdings nationwide and inventories of planted areas and their crops in the different agricultural seasons. The goal is to set and implement the state’s agricultural policies, as well as to provide subsidies to seven million farmers whether in the form of fertilisers or petroleum substances and to control these subsidies through smart cards used for the subsidies system. Minister of Planning, Monitoring and Administrative Reform Ashraf El-Araby said that the cost of the first phase of the project that includes seven million agricultural holdings, amounts to EGP 357m and will be implemented over three years. More»
Amwal Al Ghad English - 2016-07-27 11:22:37
In May 2014, the World Bank stated in its Cairo Traffic Congestion Study that about “EGP 47bn are wasted every year in the Greater Cairo Metropolitan Area due to [traffic] congestion”. This number is expected to rise to EGP 105bn by 2030, amounting to 3.6% of Egypt’s gross domestic product, according to the World Bank. With traffic worsening, especially in Cairo, companies and startups worldwide have started offering solutions to transportation problems, especially in emerging markets and developing countries. In Egypt, international companies like Uber and regional services like Careem have started to gain a strong foothold in the market, offering their customers cars and drivers to drive them across town. However, the local startup ecosystem is also coming up with its fair share of solutions and services, making Cairo’s traffic a bit more bearable. Services like the traffic-update app Bey2ollak and the carpooling app Raye7 have started to emerge and gain traction from frustrated, smartphone-savvy Egyptians. More»
Amwal Al Ghad English - 2016-07-27 11:01:03
Analog Devices Inc said on Tuesday it would buy fellow chipmaker Linear Technology Corp for about $14.8 billion, the latest deal in a wave of consolidation that has swept the semiconductor industry in the past two years. By buying Linear, Analog is aiming to boost its profitability and increase its share in the fragmented market for analog chips, which process signals such as sound, light and temperature and convert them into digital signals. The chips are central to smart phones and devices connected to the internet. The deal comes on the heels of SoftBank Group Corp's $32 billion acquisition of British chip designer ARM Holdings announced on July 18. Analog's Chief Executive Vincent Roche said in an interview that consolidation in the semiconductor industry will continue as companies aggressively buy up assets to gain scale. More»
Amwal Al Ghad English - 2016-07-27 10:54:58
Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall. Its shares rose 7 percent in after-hours trading. The world's most valuable publicly traded company said it sold 40.4 million iPhones in the third quarter, down 15 percent from the year-ago quarter but slightly more than the average analyst forecast of 40.02 million, according to research firm FactSet StreetAccount. IPhone sales dropped for the second straight quarter, pushing down Apple's total revenue 14.6 percent in the fiscal third quarter, ended June 25. Demand for Apple's phones has waned in China, partly because of economic uncertainty there, and has also slowed in more mature markets as people tend to hold on to their phones for longer. The sales slump has stoked concerns about whether the tech leader can continue to deliver profits at the level Wall Street has come to expect. More»
Amwal Al Ghad English - 2016-07-27 10:48:43
Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product. The microblogging service operator's shares fell 11 percent in extended trading to $16.40. While Twitter struggles to find a way to boost user growth and win over advertisers, social media services such as Instagram and Snapchat are expanding their footprints. Co-founder Jack Dorsey returned to the company as chief executive a year ago, but his plan for reviving Twitter is at best seen as unfinished. The company's second quarter revenue missed Wall Street estimates and the revenue forecast for the current quarter of $590 million to $610 million was well below the average analyst estimate of $678.18 million. More»
Amwal Al Ghad English - 2016-07-27 10:47:35
As iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company is ready to ride the next wave of technology. Raving about hit smartphone game Pokemon GO, Cook stressed that Apple is “high on [augmented reality] for the long-run” and investing heavily. Augmented reality, in which computer-generated content is overlaid on the real world, is one of the latest fixations in the technology business, with Pokemon GO among the first applications to catch on. Cook also highlighted Apple’s investment in artificial intelligence, which the company now uses to recommend content to users and even spot usage patterns to improve a device's battery life. It was a small glimpse of the future from the notoriously secretive tech giant, which fiercely guards its product pipeline. But analysts said Cook must do more to show his cards as sales of the iPhone slow. More»
Ghada Ismail - 2016-07-26 13:48:16
The number of subscribers to fixed telephones increased by 3.2% in April compared to March, according to a report by the Egyptian Ministry of Communications and Information Technology. The number of subscribers to fixed telephones reached 6.09 million in April, compared to 5.9 million in March, marking 190,000 new subscribers. The report said that the ratio of fixed phones to the population increased to 7.02% by the end of April. Residential subscriptions accounted for 87% of the total subscriptions to fixed phones, commercial subscriptions amounted to 11%, and governmental subscriptions amounted to 2%. The internet market attracted approximately 200,000 new users in April. The number of internet users increased from 33.6 million users in April, compared to 33.4 million users in March. More»
Amwal Al Ghad English - 2016-07-26 13:26:28
The second edition of the Innovation 4 Impact Competition will take place at the Global Islamic Economy Summit 2016. It will be held under the theme ‘Inspiring Change’, at the Madinat Jumeirah in Dubai, from October 11-12. Islamic digital economy entrepreneurs from around the world will compete for a chance to win cash, gain global publicity, and attractive in-kind prizes. Organised by the Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park and Thomson Reuters, the Innovation 4 Impact Competition is designed to support emerging Islamic digital economy entrepreneurs from around the world in showcasing their businesses, as well as connecting with investors and customers, gaining access to expert mentoring, and competing to win cash prizes and in-kind benefits. During GIES 2016, the emerging entrepreneurs from the Islamic economy space will engage in pitch sessions with leading entrepreneurs and investors from UAE and from across the region. The winner of the competition will also receive free office space for one year at the Dubai Technology Entrepreneur Centre, DSOA’s wholly owned technology incubation center and the largest of its kind in the region. More»
Nayera Eid - 2016-07-26 12:59:27
Egyptian postal authority, Egypt Post says hopes to record a financial surplus of 350 million Egyptian pounds ($39.4 million) by the end of the financial year 2016-2016. Egypt Post earlier announced making surplus of 650 million pounds throughout the first 9 months of the financial year 2015-2016 ended last March. Accordingly, the new budget for this year is set at 38.36 billion pounds, Egypt Post said in a statement on Tuesday. Expenditures in the new budget account for 20 billion pounds involving 2.5 billion pounds for salaries and bonuses and 17.5 million pounds for other purposes. More»