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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        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        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 - 2014-08-14 06:33:38
China's Lenovo Group, the world's biggest maker of personal computers, said net income jumped 23 percent in the first fiscal quarter, beating estimates, as it consolidated its position in the PC market while boosting smartphone shipments. Net income rose to $214 million in the three months through June from $174 million in the same period a year earlier. That was ahead of estimates of $202 million, according to a Thomson Reuters SmartEstimate poll of analysts. The ambitious Beijing-based hardware company has agreed acquisitions worth over $5 billion this year alone, buying server and handset businesses in what it calls its "PC Plus" strategy to diversify away from the shrinking PC market. Over the past year it has displaced South Korean giant Samsung Electronics Co Ltd to become the No. 1 smartphone seller in China, according to recent estimates by IDC. For the first quarter, Lenovo reported 39 percent growth in worldwide handset shipments, helped by strong sales in China. Revenue for the quarter rose 18 percent to $10.4 billion, with significant gains coming in Europe. More»
Amwal Al Ghad English - 2014-08-14 06:27:34
Cisco Systems Inc (CSCO.O) forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers. The latest round of layoffs is at least the third workforce reduction in about as many years for a company once synonymous with the Internet boom, but which has lately struggled to sustain growth. The company announced in August 2013 that it would cut 4,000 jobs. And in 2011, it said it planned to reduce its workforce by more than 11,000.Shares in the company slipped 0.95 percent to $24.96 in extended trading, from a $25.20 close on the Nasdaq. “The market doesn’t wait for anyone. We are going to lead it, period," Chief Executive Officer John Chambers told analysts on a conference call. "The ability to do that requires some tough decisions. We will manage our costs aggressively and drive efficiencies.” More»
Amwal Al Ghad English - 2014-08-13 15:57:40
Global Telecom Holding – GTH (Previously Orascom Telecom Holding S.A.E.) will hold an extraordinary general meeting August 26th, to discuss the sale of a 51% interest in Orascom Telecom Algérie SpA (OTA) to the Algerian National Investment Fund. The purpose of the meeting is to present for approval the sale by GTH of a 51% interest in OTA to the Fonds National d’Investissement (the “FNI”), the Algerian National Investment Fund, for a purchase consideration of US$2.643 billion, along with related transactions, as described generally in this Notice. Last April 18, GTH, the FNI and VimpelCom Ltd. entered into a Share Purchase Agreement (the “Share Purchase Agreement”), to provide for the sale to the FNI of a 51% interest in OTA.
Nayera Eid - 2014-08-13 12:52:38
Telecom Egypt's internet arm TE Data is registering around 64 percent in total fixed-line internet market share in Egypt. In the same vein, Telecom Egypt's CEO Mohamed El-Nawawy has referred in a press conference on Wednesday to a 24.5 percent increase in the number of subscribers within second quarter compared to the same period a year earlier. The total number of subscribers in TE Data's fixed-line internet service in Egypt has reached 1.8 million approximately, with an increase of 75.000 new clients during the second quarter of 2014. More»
Amwal Al Ghad English - 2014-08-13 11:01:59
Telecom Egypt -TE (ETEL.CA), the country's fixed-line monopoly, has proposed a $0.05 cash dividend for 2014 profits, it said in a statement on Wednesday. Management has proposed to the company's board of directors a "five cent per normal share interim cash dividend under the account of profits for the year ending 31 December 2014, and now it is subject to shareholder approval", the statement said. More»
Amwal Al Ghad English - 2014-08-13 10:53:22
Egyptian fixed-line monopoly Telecom Egypt reported 1.02 billion Egyptian pounds in net profit in the second quarter, up 14% from 895.6 million pounds in the same period a year earlier. It gave no reason for the increase. Telecom Egypt (ETEL.CA) is waiting for the government to approve a unified license for mobile and landline services that would allow the company to offer mobile services and significantly boost its earnings. More»
Amwal Al Ghad English - 2014-08-13 06:57:17
Apple Inc on Tuesday released a report on employee diversity, and its numbers are similar to those of other Silicon Valley companies, prompting Chief Executive Tim Cook to say there is still work to be done. The employee survey comes on the heels of recent reports from technology companies Google Inc and Twitter Inc, but it is unique in one significant way. It alone is accompanied by letter from a company CEO, in which Cook stresses the company's commitment to being "innovative in advancing diversity." Blacks and Hispanics make up about 18 percent of Apple's workforce, a ratio that is about triple of those of most other tech firms. Nine percent of its workers did not disclose their ethnicity. Apple breaks down the numbers into three categories: leadership, technology and non-technology. The technology category, which is 80 percent male, includes Genius Bar employees and engineers. More»
Nayera Eid - 2014-08-12 11:04:11
Lenovo Group Limited is launching its first smartphone in Egyptian market this month. Therefore, Lenovo is determined to become the third biggest vendor of smartphones in Egypt by fourth quarter, said Rony Mezeraani – General Manager at Lenovo LENA region (levant, North Africa and Egypt). In fact, Lenovo registers a 26 percent in total tablet market share in Egypt, added Mezeraani. It also acquires a 29 percent in total laptop market share in the Arab most populous state. By end of 2013, Lenovo reported $39 billion revenues, amid expectations of witnessing more growth by 2014-end in the light of launching its new smartphone products. More»
Nayera Eid - 2014-08-12 09:10:11
Fawry Electronic Payment Service registered 1.1 million monthly transactions with EGP380million total value. Ashraf Sabry CEO of Fawry said the increase of transactions is due to the increase of services numbers which offered by the company. Fawry is aiming to cooperate with 5 new banks in order to provide services to banks through ATM in addition to providing financial services for banks throughout Fawry, Sabry noted. International Finance Corporation (IFC) pumped US$6million to invest in Fawry Egypt , seizing IFC's Stake which estimated at 18% from the company's shares. Fawry is aiming expanding in UAE within the first quarter of the next year and it is actually begun in conducting market studies during the last year and it spent around US$2million. Fawry began work paid up capital of EGP $ 77 million 75% of which is owned by institutions and Egyptian banks such as Amlak Finance and the Bank of Alexandria ,the Development Fund for Information Technology Arab African International Bank ,Raya Holding and HSBC and the rate cash reached  EGP 87 million beginning of 2012. More»
Amwal Al Ghad English - 2014-08-12 06:27:42
Apple Inc has been discussing how its "HealthKit" service will work with health providers at Mount Sinai, the Cleveland Clinic and Johns Hopkins as well as with Allscripts, a competitor to electronic health records provider Epic Systems, people familiar with the discussions said. While the talks may not amount to anything concrete, they underscore how Apple is intent on making health data, such as blood pressure, pulse and weight, available for consumers and health providers to view in one place. Currently, this data is being collected by thousands of third-party health care software applications and medical devices, but it isn't centrally stored. Apple also hopes physicians will use this data to better monitor patients between visits – with the patient's consent — so the doctors can make better diagnostic and treatment decisions. Apple has not divulged much specific detail on HealthKit, which is expected to be incorporated into the iPhone 6 come September. But Apple intends HealthKit to become a lynchpin in a broader push into mobile healthcare -- a fertile field that rivals Google and Samsung are also exploring. More»