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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        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        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        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        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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

Wael Al Tokhy - 2014-11-03 11:50:38
Then 2nd AfICTA Summit, the prime event of the Africa ICT Alliance, has just started today in Egypt, with the theme “Fostering a Smart Africa’. The event will take place in Cairo during the period from November 3-5. Africa Information & Communication Technologies Alliance (AfICTA) is a private sector led alliance of ICT Associations, Multi-national Corporations, Companies, Organizations and Institutions in the ICT sector in Africa. Coming up on the heels of the successful 1st Summit 2013 in Lagos, Nigeria, the 2nd Summit is being graciously hosted by the Egyptian Information Technology, Electronics and Software Alliance (EITESAL) (Egypt rep in AfICTA) and the Egyptian Ministry of Communication and Information Technology (MCIT) and the Information Technology Industry Development Agency (ITIDA). More than 250 delegates including government executives, business organizations, decision-makers, and experts from international Business Associations; ITU, ICC, ICANN are due to participate in the AfICTA Summit 2014. More than 80 Business CEOs participants confirmed from 12 African countries: Nigeria, Kenya, South Africa, Rwanda, Benin, Côte d'Ivoire, Angola, The Gambia, Zambia, Eithiopia, in addition to 100 Business CEOs participants from Egypt. The Egyptian MCIT Minister Atef Helmy has inaugurated the event with a keynote speech today.  He pointed out Egypt’s clear vision for the development of the ICT sector, encompassing plans to attract more foreign investments in the coming six years as well as to provide around 200.000 direct jobs. The Africa ICT Alliance represents the gateway to achieve Egypt’s development vision, the Egyptian minister noted. More»
Amwal Al Ghad English - 2014-11-03 09:48:21
Cisco Systems Inc. confirmed on Monday its participation in Cairo ICT 2014 Exhibition and Conference, as the show’s official ‘Technology and Media Sponsor.  Cisco intends to showcase a range of innovative, ground-breaking technology solutions, product lines and services. Cairo ICT 2014 event will take place during the period from November 4-7. Key focus for the company at this year’s show will be The Internet of Everything (IoE) which Cisco describes as the linking of people, process, data, and things creating new capabilities, richer experiences, and economic opportunities. Over the next ten years, the Internet will provide phenomenal opportunities for businesses and individuals throughout the MENA region. Cisco’s presence at Cairo ICT 2014 will be engineered to demonstrate how technology will and is already evolving to embrace the new opportunities the IoE will create for Egypt. The Cisco stand number 4B2 in the main exhibition area will showcase the company’s technology in a ‘real life/day-day’ environment encompassing: - The next phase of Cisco’s vision for collaboration, - The latest cyber-security solutions - The latest hardware for the next phase of the company’s unified computing strategy. - The Cisco EnergyWise Suite designed to help cut energy costs across a distributed office by 35 percent and gain 100 percent visibility into the energy use of every device an organisations data center “Cairo ICT 2014 continues to be an important, pivotal landmark for placing Egypt at the forefront of technology growth and innovation and therefore it is a great opportunity for Cisco to be participating once again. Like the rest of the world, Egypt is at the threshold of the Internet of Everything (IoE) age – an era where interconnectedness will deliver incredible beneficial changes to all areas of everyday life, from social infrastructure, transportation and public services to healthcare and education. We are confident that our participation this year and the networking opportunities created will once again provide a real platform for thought leadership, technology architecture and the role of innovation to address the current and future ICT environment not only in Egypt but also throughout the MENA region.” commented Ayman Elgohary, General Manager for Cisco in Egypt. Cisco’s commitment to Egypt is underlined by its continued focus on innovating and bringing the best-in-class solutions that will deliver the transformation and the results that businesses, our customers and partners across the country seek. Cisco’s goal is to help our customers in Egypt drive sustainable growth, improve productivity and user experience, reduce costs, gaining a competitive advantage and to help them connect more effectively with their key stakeholders,” Elgohary concluded. The Cisco will be located at Stand 4B2 at Cairo ICT 2014. More»
Amwal Al Ghad English - 2014-11-03 08:54:00
Telecom Egypt plans to hire financial advisers for the potential sale of a 45 percent stake in Vodafone Group Plc (VOD)’s local unit, a company official said. The monopoly fixed-line phone company, majority-owned by the government, has sent requests for proposals to local and international banks seeking to value the unit, the official said, asking not to be identified as the information is private. Banks will also help identify potential buyers for the stake, a second person said, also asking not to be identified. Telecom Egypt will sell its holding in Vodafone Egypt by the end of 2015, the government said in September. Officials have also approved the issuance of a license that allows Telecom Egypt to become the country’s fourth mobile services provider and permits the local units of Vodafone, Orange SA (ORA) and Emirates Telecommunications Corp. (ETISALAT) to sell land lines. Vodafone owns 55 percent of its local unit, with Telecom Egypt holding the remainder. The majority shareholder said in March it’s considering filing for international arbitration if the new license gives an unfair advantage to Telecom Egypt or creates a conflict of interest. Telecom Egypt shares have fallen 7.2 percent this year, underperforming the broader Egyptian benchmark which has risen 37 percent during the same period. Vodafone spokesman Ben Padovan declined to comment. More»
Mahmoud Shaaban - 2014-11-02 10:37:38
Siemens Egypt announces Sunday that Maximilian Egger has been appointed as the managing director. Egger succeeds Mohamed El-Mahdi, who has served as CEO and Managing Director of Siemens Egypt since 2006. El-Mahdi will move to Siemens’ main headquarters in Germany, to perform his new position. Maximilian Egger’s previous responsibilities include Chief Executive Officer of Siemens Ukraine since August 2008, Acting Director General and Head of Power Generation Department. Egger worked with Siemens for over 35 years and has experience in the realization of projects in a number of countries.The history of Siemens in Egypt dates back to 1901, when Siemens opened its first technical office in Cairo. The company’s long-term commitment to Egypt was under-scored in 1992, when Siemens Limited was established to handle all Siemens sales and service activities in Egypt. Since October 1998, Siemens Limited has been a consolidated Regional Company, with the goal of further expanding and strengthening Siemens' business relations with Egypt. On October 1st, 2008, Siemens Limited changed its legal form to become Siemens S.A.E. More»
Nayera Eid - 2014-11-01 09:04:34
Egyptian Information and Communication Technology Minister Atef Helmy revealed that Etisalat Egypt won the bid of fifth  or the last area of 'ADSL' broadband strategy project which will be financed by National Telecommunication Regulatory Authority (NTRA) to cover around 1600 Governmental entities with Internet across republic. In statements to Amwal Al Ghad, Helmy explained that the win of bid ruled out TE Data's monopoly charge after winning the first four covered areas within the bid. More»
Amwal Al Ghad English - 2014-11-01 08:06:34
Verizon Communications Inc. (VZ) and AT&T Inc. (T), firing back at Sprint Corp.’s discount data offer, have introduced another round of price cuts on shared wireless plans as carriers continue to fight for new subscribers. Starting today, Verizon is cutting its $100 10-gigabyte plan to $80 a month and its $110 15-gigabyte to $100 a month. Starting tomorrow, AT&T is offering a 3-gigabyte shared data plan for $40 and 6 gigabytes for $70. AT&T currently charges $40 for 2 gigabytes and $80 for 6 gigabytes. The moves come after Sprint introduced a double data offer in October that features 20 gigabytes for $100, twice the allotment of T-Mobile US Inc.’s 10-gigabyte $100 plan. It’s the lowest price for data among the four carriers. The price cutting has had an effect on industry profits. Verizon, AT&T and T-Mobile all reported lower-than-expected bottom-line results in October. Verizon announced the price plan on its blog yesterday, while AT&T unveiled its new prices in a press release. More»
Amwal Al Ghad English - 2014-11-01 08:00:44
Samsung said its collaboration with Microsoft on Windows phones raised antitrust problems once Microsoft completed its acquisition of Nokia's handset business, according to a court filing. The filing late on Thursday stems from Microsoft Corp's (MSFT.O) lawsuit accusing Samsung Electronics Co Ltd (005930.KS) of breaching a business collaboration agreement. The lawsuit, filed earlier this year in a New York federal court, says South Korean smartphone company Samsung still owes $6.9 million in interest on more than $1 billion in patent royalties it delayed paying. Samsung, meanwhile, said the April Nokia acquisition violated its 2011 deal with Microsoft. In a court filing late on Thursday, Samsung said it agreed in 2011 to pay Microsoft royalties in exchange for a patent license covering Samsung's Android phones. The Android operating system is developed by Google Inc (GOOGL.O). However, Samsung also agreed to develop Windows phones and share confidential business information with Microsoft as part of that collaboration. Microsoft would reduce the royalty payments if Samsung met certain sales goals for Windows devices, the filing said. Microsoft's Windows phones have failed to take significant market share from iPhone maker Apple Inc (AAPL.O) and devices running on Android. Once Microsoft acquired Nokia, it became a direct hardware competitor with Samsung, the filing said, and the South Korean company refused to continue sharing some sensitive information. Doing so could have created problems with U.S. antitrust laws, Samsung said. "[T]he agreements, now between competitors, invite charges of collusion," Samsung said in the filing. In a statement, Microsoft said it was "confident that our case is strong" and that it will succeed. Antitrust regulators in the United States and other countries have approved Microsoft's Nokia acquisition. The lawsuit in U.S. District Court, Southern District of New York is Microsoft Corp vs. Samsung Electronics Co Ltd, 14-6039. More»
Amwal Al Ghad English - 2014-10-30 15:05:46
Etisalat Egypt and Huawei Technologies Company have signed a contract in order to establish center for operating Smart Care services with the aim of improving the quality of service. This contract is one of the acquired achievements from Memorandum of Understanding (MoU) regarding the cooperation for specialized services strategy that inked by Huawei and Etisalat Egypt in January  2014 in Huawei's headquarter in China. More»
Amwal Al Ghad English - 2014-10-30 14:07:48
Research Triangle Park, North Carolina and Mountain View Lenovo (HKSE: 992) (ADR: LNVGY) and Google (NASDAQ: GOOG) announced today that Lenovo’s acquisition of Motorola Mobility from Google is complete.  The acquisition of the Motorola brand and Motorola's portfolio of innovative smartphones like Moto X, Moto G, Moto E and the DROIDTM series, as well as the future Motorola product roadmap, positions Lenovo as the world’s third largest maker of smartphones. Lenovo will operate Motorola as a wholly-owned subsidiary. Motorola’s headquarters will remain in Chicago. With the completion of the acquisition, Lenovo welcomes the addition of a new portfolio company with nearly 3,500 employees around the world – including about 2,800 in the U.S. – who design, engineer, sell and support Motorola’s outstanding devices. “Today we achieved a historic milestone for Lenovo and for Motorola – and together we are ready to compete, grow and win in the global smartphone market. By building a strong number three and a credible challenger to the top two in smartphones, we will give the market something it has needed: choice, competition and a new spark of innovation,” said Yang Yuanqing, chairman and CEO, Lenovo.  “This partnership has always been a perfect fit.  Lenovo has a clear strategy, great global scale, and proven operational excellence.  Motorola brings a strong presence in the U.S. and other mature markets, great carrier relationships, an iconic brand, a strong IP portfolio and an incredibly talented team.  This is a winning combination.” More»
Amwal Al Ghad English - 2014-10-30 11:59:33
A global leader in business communications, provides solutions directly and through its channel partners to leading enterprises around the world Avaya declared that it will take part in the 2014 round of Cairo ICT conference and exhibition as Avaya will review the latest communication solutions that will be launched in the Egyptian market for the first time and this is the fifth participation for Avaya in the exhibition. It will also discuss the role of Technology in supporting the government's efforts for enhancing the Egyptian economy and alluring foreign investments so as to contribute in increasing growth rates. Egypt is the most important market which will be covered by Avaya for the emerging Markets including Middle East, Turkey, Russia, China, and India. More»