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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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

Amwal Al Ghad English - 2013-10-20 10:37:00
Global Telecom Holding S.A.E. (“Global Telecom” or “GTH”) (GTHE.CA) announced that its Algerian subsidiary Orascom Telecom Algerie (“OTA”) has been awarded one of the three provisional 3G licenses offered in Algeria, at a formal ceremony. Final licenses with the relevant coverage obligations are expected to be granted after payment of fees, satisfaction of the conditions indicated in the tender documents and receipt of clearances and approvals from various governmental authorities. The 3G license will cost DZD 3 billion (approximately USD 40 million) and will be valid for 15 years, after which successive renewals will be in five year fixed terms. OTA received an exceptional approval from the Bank of Algeria allowing OTA to make foreign payments to acquire equipment exclusively dedicated to 3G technologies. This exception is a conditioned derogation to the current ban on foreign payments. More»
Amwal Al Ghad English - 2013-10-20 09:34:48
Eng. Atef Helmy, Egyptian Telecom Minister has called United Arab Emirates (UAE) in order to participate in Cairo ICT 2013 as a guest of honour. The Minister has exploited his participation in GITEX Technology Week-Dubai World Trade Centre, the largest ICT trade event in the Middle East, Africa and South Asia region. Which is holding in the period ranging from October20 to October24 2013. GITEX came as an Egyptian appreciation for the role played by the (UAE) in its support, for both political or economic in the last period. The Minister will seek to look into increasing the cooperation and investments in the Egyptian market and opening new ways for the cooperation and partnerships in ICT sector. More»
Nayera Eid - 2013-10-19 12:24:29
Eng. Atef Helmy, Egyptian Telecom Minister has asserted that mobile phone and internet services have affected in North Sinai and this due to the difficulty of maintenance and repair work to the strengthen towers in the region. The Minister has pointed out that the outage of internet services is due to technical problems and sending specialist engineers to this region because of terrorist attacks and the hours of Curfew, noting that it is expected that the next period will witness a significant improvement in mobile phone and internet services. The Minister has revealed that the mobile phone operators are aiming to implement from 12 to 19 strengthen stations so as to increase the quality of the services in North and South Sinai within the coming period. Helmy said Vodafone Egypt has won the tender which offered by the National Telecommunication Regulatory Authority (NTRA) to cover South Sinai region with mobile phone services. Eng. Hisham Alayli, CEO of NTRA said Vodafone Egypt obtained a license to cover South Sinai according to the submitted tender by NTRA, explaining that Mobinil and Etisalat Egypt did not submit to the tender which led to the winning of Vodafone with the tender. More»
Amwal Al Ghad English - 2013-10-19 10:50:06
The Egyptian Telecom Minister, Eng. Atef Helmy, has revealed that the volume of investments which pumped by UAE in Egypt in the information and communication technology sector which exceeded more than EGP 6 or 7 billion ($ US dollar 1 billion). The Minister has pointed out that the cooperation with the UAE government represents two parties, the first representative in Etisalat Egypt enterprise, and the second trend representative in the presence  of the activities carried out by some Egyptian firms in UAE market. But more investments is pumped from UAE side, especially in the technological villages in Egypt. Helmy said we have projects exceed more than EGP 6 or 7 billion, and we don’t expect to pump them directly but through phases within the coming period. Helmy has noted that the most prominent projects which are preparing by UAE is GITEX, which will be held in Dubai during the period from 20 until Oct. 24. Helmy has further said the UAE support to Egypt asserting that this support will open many chances in order to cooperate with the two sides in all sectors, expressing his hope for pumping UAE investments. More»
Amwal Al Ghad English - 2013-10-19 08:49:45
When Google's Android chief Sundar Pichai announced the upcoming release of Android 4.4 with an image of a giant KitKat-themed Android, it seemed that Nestle's chocolate snack would provide the next Android OS name, and replace the previous 4.4 codename Key Lime Pie. A recent leak of one early version of Android 4.4, believed to predate Pichai's 3 September announcement, showed a slice of lime and no hint of KitKat. So far, the drip feed of information on the yet-to-launch-OS suggests new features including better support for wireless printing from Android devices and possibly native NFC payment options, rather than only third-party enabled capabilities. This latest set of leaked images from another release of KeyLimePie/KitKat suggest these features and more are likely to arrive in Android 4.4. The image above is of the Android build running on the Nexus 7 2013 model. The overall assessment is that 4.4 seems to be a more polished version of the Android platform than has been seen in the past, with a feature set that more closely resembles iOS devices out of the box. As Google has said previously, with KitKat it's aiming for the mainstream and this may be its best shot yet shot at tempting loyal iOS users to give it a go. More»
Amwal Al Ghad English - 2013-10-18 08:52:39
Chinese computer maker Lenovo, which has signed a non-disclosure deal to examine BlackBerry's books, faces regulatory obstacles if it bids for all of the company and will likely pursue just parts, a source familiar with the matter said on Thursday. BlackBerry Ltd said in August it was exploring options that could include an outright sale. And the Canadian company, which helped pioneer smartphones, has since been linked with a string of potential buyers from private equity firms to rival technology companies. Its shares, which rose 4 percent after the Wall Street Journal first reported the interest from Lenovo Group Ltd, ended up less than a percent at $8.20 on the Nasdaq. Multiple sources close to the matter have told Reuters BlackBerry is in talks with Cisco Systems Inc, Google Inc and Germany's SAP AG among others, about selling all, or parts of itself. The potential buyers have all declined to comment. More»
Amwal Al Ghad English - 2013-10-16 08:05:12
Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs. The online messaging service's decision to go with the older exchange deals a blow to the tech-heavy Nasdaq, which bungled Facebook Inc's 2012 offering. Twitter is now expected to kick off its investor roadshow on October 28 where it will pitch its offering to Wall Street before shares start trade in mid-November, two sources familiar with the situation said Tuesday. In an amended IPO filing on Tuesday, the eight-year-old company showed that it sustained its recent pace of revenue and user expansion in the latest quarter ended September 30 - even though its losses continued to widen. Among the biggest winners of a successful IPO would be co-founder Evan Williams with a 12 percent stake. Rizvi Traverse, run by Hollywood and Silicon Valley financier Suhail Rizvi, and its affiliates hold 17.6 percent, as the largest institutional holder. JPMorgan Chase's alternative asset management arm holds another 10.3 percent, the filing revealed for the first time. CEO Dick Costolo, an early angel investor, owns 1.6 percent. Rizvi and his investors, who obtained their shares with the help of Silicon Valley investor Chris Sacca, paid more than $1 billion for their stake, Reuters reported in October. More»
Amwal Al Ghad English - 2013-10-16 07:33:03
Spurned by Canada's federal government that last week branded his interest in the country's telecoms sector a national security concern, Egyptian billionaire Naguib Sawiris has pledged not to invest "even a single penny" in the country. "I am finished with Canada, I tell you," the telecoms tycoon told Ahram Online after the fibre optic company he thought he was set to acquire for C$520 million ($US504 million) said it was 'extremely surprised and disappointed' Canada blocked the bid. Though Africa's ninth-richest person according to Forbes said he has no plans to sue Canada's government, Sawiris found its decision to block "totally a farce because it's just unimaginable." "The world is big and my money can go anywhere," said Sawiris, the eldest son of the Coptic Christian family that controls the sprawling Orascom corporate empire. "I regret that we wanted to invest in Canada," said the tycoon in an interview in Cairo, weary and defiant in the wake of the takeover deal that Canada quashed. In the wake of Mohamed Morsi's downfall, "the only good news" about the ill-fated review according to Sawiris is that he can invest the money - the equivalent of LE 3.5 billion - that was allocated to Canada in Egypt whose political and economic situation he is now "very optimistic" about. "I think it will move forward,” said the founder of the liberal Free Egyptians Party and opponent of the Muslim Brotherhood. More»
Amwal Al Ghad English - 2013-10-16 07:32:58
Egyptian telecoms tycoon Naguib Sawiris increased his short position in Telecom Italia after Spain's Telefónica agreed to gradually take a controlling stake in Telco, the largest shareholder in the Italian company's shares. "We don't see any value in what it will do now," Sawiris told Ahram Online. After Telecom Italia (TIT) was last week shorn of its investment grade rating and denied press reports it was seeking to raise €9 billion (US$12 billion) from selling its Brazilian unit, Chief Executive and Chairman Franco Bernabè tendered his resignation. "This is only a reflection of what we think of the Telecom Italia move," Sawiris said in an interview in Cairo. "Because I believe Telecom Italia was already a partner in this company for 20-years and the company lost around 80 percent of its market capital." Spanish rival Telefónica is believed to support offloading TIM Participaçoes (TIMP3), the Brazilian unit the debt-saddled former Italian telecoms monopoly has a 67 percent stake in. Sawiris attempted last year to buy a stake in Telecom Italia through a three-billion Euro capital injection, but without success. More»
Abdul Hameed Sabry and Nayera Eid - 2013-10-13 12:06:09
An official documents of the Egyptian National Post Authority have revealed that the total deposits at the end of last June estimated at EGP 7.140 billion went up by EGP 122 billion, explaining that the total disbursements reached EGP 5.774 billion in the various savings accounts of the Authority. The documents said the savings accounts have witnessed EGP 4.5 billion disbursement, explaining that the total deposits  at the end of June up EGP 3.95 billion against EGP 5.4 billion at the end of May, registering 27% monthly decline. The documents explained to Amwal Al Ghad that the total disbursements from the current account are around EGP 55 million at the end of June, whereas the deposits reached around EGP 36.8 million, recording about 26% annual growth rate. More»