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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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Universal For Paper and Packag   4.94        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 - 2014-01-15 10:16:34
The numbers of beneficiaries of Fawry Electronic bill service for collecting electricity bills that affiliated to El Canal Co. for Electricity Distribution reached more than 30K payments process with total value exceeds more than EGP3 million. Fawry’s customers started to pay the bills through National Bank of Egypt (NBE) phone cash, an innovative new mobile payment solution. The “Phone Cash” mobile payment wallet is available to banked and unbanked customers across Egypt, who can use the service to send money, pay phone bills, load credit to prepaid phones, make donations and reserve airline tickets among the wide range of services offered by Fawry. The wallet will also be used very soon to pay for goods and services at several merchants across Egypt, and enables users to make e-commerce transactions across the globe. More»
Amwal Al Ghad English - 2014-01-15 08:18:53
Intel Corp (INTC.O), hit by slumping personal computer sales, has put off opening a major chip factory that President Barack Obama once held up as an example of U.S. manufacturing potential. The "Fab 42" facility built in Chandler, Arizona, originally slated as a $5 billion project that in late 2013 would start producing Intel's most advanced chips, will remain closed for the foreseeable future while other factories at the same site are upgraded, said Intel spokesman Chuck Mulloy. Intel's decision not to open the chip plant was first reported by the Arizona Republic on Tuesday. "The new construction is going to be left vacant for now and it will be targeted at future technologies," Mulloy told Reuters. Despite not opening the new factory, or fab, Intel has exceeded a target to hire over 1,000 employees since construction started in 2011, Mulloy said. Intel received state tax benefits for hiring those people. Obama, while campaigning for re-election in 2012, made a stop at the factory's construction site, where he called for government incentives to attract manufacturing lost to Asia in recent years back to the United States. More»
Amwal Al Ghad English - 2014-01-15 08:11:01
Huawei Technologies Co Ltd posted an over 40 percent rise in annual operating profit as the Chinese telecom equipment maker expanded its presence in emerging markets, countering reduced revenue growth hit by accusations of cyber-espionage. Huawei, the world's No.2 telecom equipment maker, has had a turbulent year in which it was shut out of multi-billion dollar network opportunities in the United States and Australia and drew the scrutiny of British authorities over cyber security issues. To counteract this, the unlisted company has placed its hopes in developing markets and its business in Europe, where it has made headway building fourth-generation mobile networks. Huawei, which has repeatedly said it has no spying links with the Chinese government, on Wednesday reported unaudited 2013 operating profit of 28.6 billion yuan to 29.4 billion yuan ($4.87 billion). That compared with an audited 2012 operating profit of 19.96 billion yuan - an increase of 43.3 percent. Revenue reached 238 billion yuan to 240 billion yuan, or an increase of 8 percent compared with a target of 10 percent, the company said. Huawei, which ranks behind Sweden's Ericsson in telecom gear sales, will release audited financial results for last year in the second quarter of this year. Huawei, founded in 1987, is known for aggressively gaining sales in the telecom equipment sector by edging out rivals such as Cisco Systems Inc, Alcatel-Lucent SA, Nokia Siemens Networks and ZTE Corp. More»
Amwal Al Ghad English - 2014-01-14 13:08:07
Google Inc. (GOOG), after struggling to catch Apple Inc. (AAPL) in consumer gadgets, is turning to one of its rival’s top former executives to help narrow the gap. Google said yesterday that it’s buying Nest Labs Inc., the digital thermostat maker led by Tony Fadell, a former Apple senior vice president, for $3.2 billion in cash. Fadell, 44, worked closely with Apple co-founder Steve Jobs in helping create the iPod and iPhone. While Google dominates Web search and has grabbed the lead in smartphone software with its Android operating system, it’s a latecomer to hardware, which requires different skills related to design and manufacturing. The Nest purchase brings new devices and talent to Google, following the $12.4 billion acquisition of Motorola Mobility in 2012 and the company’s jump into connected products like Google Glass eyewear. “Google has done extraordinarily well with the technology behind a lot of different things, including Android and search,” said Ben Schachter, an analyst with Macquarie Securities, who has the equivalent of a buy rating on the stock. “But their design has historically been relatively weak.” More»
Nayera Eid - 2014-01-14 10:25:57
Linatel for Telecommunications Company is aiming to achieve 100% growth rate within 2014. Dr. Hamdy El Leithy - CEO of Linatel – stated that the proportion of business volume in 2013 reached 40% , pointing out that the first four months from July and till October the company’s business suspended due to the political and economic turmoil which passed by Egypt in the last period. Installations and maintenance acts are suffered from significant slow down since June30 uprising, explaining that the focusing on providing safety for the employees is very important, thus it will affect on maintenance acts for towers. He emphasized that installing the new equipments are suffered in the past phase as results of the demonstrations in many governorates across republic especially Mobinil, Vodafone operators. More»
Amwal Al Ghad English - 2014-01-14 08:17:02
Norwegian energy firm Statoil awarded two contracts worth 516 million British pounds to Siemens (SIEGn.DE) for work on the Dudgeon Offshore Wind Farm in the UK sector of the North Sea, Statoil said on Tuesday. Siemens will be responsible for the engineering, supply, assembly, commissioning and service of 67, 6 megawatt wind turbine generators with engineering work starting immediately and first turbine ready for installation in January 2017, Statoil said in a statement. "Once in operation, the wind farm will provide renewable energy to approximately 400,000 households in the UK market," the firm added. Statoil holds a 70 percent stake in the project while Norway's state owned Statkraft has the remaining 30 percent. More»
Nayera Eid - 2014-01-11 09:58:55
Raya Holding Company is aiming to inaugurate four branches operating in retail sector within the current month. Eng. Medhat Khalil, CEO and Board of Directors of Raya said his company is targeting to launch four branches in Cairo, Alexandria through a huge branches of ‘Mega Stores’. He has informed Amwal Al Ghad in an exclusive that the stability which the market is currently witnessing will contribute in recovering the retail sector, noting that Raya will focus on the availability of installments of all the devices in order to allure large number of customers and categories. Raya is planning to boost its capital by EGP100 million for enhancing its investments in call centers and restaurants. Amwal Al Ghad quoted Khalil, that the increasing of its capital will be through shareholders to buy new shares expected to be completed during the next February. More»
Amwal Al Ghad English - 2014-01-11 08:29:44
Hewlett-Packard Co. (HPQ) plans to renominate its slate of directors -- including activist investor and interim chairman Ralph Whitworth -- according to people with knowledge of the matter, seeking stability after years of board turnover. A renomination for Whitworth, 58, will make Hewlett-Packard one of the few companies with an activist investor as chairman. Other members of the 12-person board include Ray Lane, 67, who resigned as chairman last April amid shareholder displeasure at the company’s performance. All are set to be renominated ahead of the annual shareholder meeting on March 19, said two of the people, who asked not to be identified because the information isn’t yet public. Chief Executive Officer Meg Whitman and the board are in the midst of a turnaround of the struggling computer maker, which is poised for a third straight year of sales declines. Hewlett-Packard, which makes personal computers, servers and printers, is trying to move past a period of upheaval including declining performance and the departure of Whitman’s predecessors, Leo Apotheker and Mark Hurd. Shares of the Palo Alto, California-based company gained 96 percent last year, making it the 17th best performer in the Standard & Poor’s 500 Index (SPX), which rose 30 percent. The stock had declined 45 percent in 2012 and 39 percent in 2011. More»
Amwal al Ghad English - 2014-01-10 12:07:44
Samsung will release its Galaxy S5 smartphone by April and is studying using eye scanner technology for the first time as it readies the high-end handset to compete with Apple Inc.’s iPhones. The S5 will be paired with a new wearable device that will be an evolution of the Galaxy Gear smartwatch, Lee Young Hee, executive vice president of the company’s mobile business, said in a Jan. 6 interview. Samsung, which posted profit this week that missed analyst estimates, will debut the new products together as it also boosts marketing of tablet computers. “We’ve been announcing our first flagship model in the first half of each year, around March and April, and we are still targeting for release around that time,” Lee said. “When we release our S5 device, you can also expect a Gear successor with more advanced functions, and the bulky design will also be improved.” Samsung, which sells one of every three smartphones globally, is adding new features and models to fend off Apple in the high-end market and Chinese makers luring budget customers with handsets for $100. Asia’s biggest technology company will announce at least one other wearable device this year, Lee said without elaborating. More»
Nayera Eid - 2014-01-09 14:07:56
Senior sources informed Amwal Al Ghad that Raya Holding Co is planning to boost its capital by EGP100 million for enhancing its investments in call centers and restaurants. Amwal Al Ghad quoted Eng. Medhat Khalil, Chairman and CEO of Raya that the increasing of its capital will be through shareholders to buy new shares expected to be completed during the next February. Khalil explained that Raya is aiming to launch restaurant chains within the current year, starting with ‘Raya Plaza’ that affiliated to the company in Sixth of October city. The board of directors of Raya approved to file proposal for the general assembly regarding boosting the capital of Raya which issued in an authorized limit from EGP375.52 million to EGP470.52 million, move up by EGP100 million via a call for underwriting in additional shares at par value per share. More»