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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        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

Amwal Al Ghad English - 2014-03-24 13:53:01
Hesham el-Alaily, Head of the National Telecommunications Regulatory Authority (NTRA), revealed  that the NTRA will allow Telecom Egypt (ETEL.CA) after it receives its Mobile license a limited time period to negotiate with Vodafone about the most appropriate solution for its exit from Vodafone Egypt according to Reuters. Egypt's Telecommunications Minister Atef Helmy said on Sunday the country's long awaited unified telecom license for both mobiles and landlines will be activated within three months. El-Alaily added that the unified license will be activated in June but Telecom Egypt can start its mobile service when it’s ready. The licence would allow telecommunication companies to operate fixed-line and mobile networks, which would in turn allow Egypt's fixed-line monopoly Telecom Egypt to offer mobile services. "The unified telecom licence will be activated before June 30, 2014," Helmy said, speaking at an industry event in Cairo, adding that the Cabinet has approved the licence and that details will be revealed at a news conference on Wednesday. Egypt's three existing mobile phone service providers are Vodafone Egypt, Mobinil and Etisalat Egypt which have been eating away at Telecom Egypt's fixed-line services as more Egyptians opt to use mobile phones and the internet instead. Telecom Egypt has a 45% stake in Vodafone Egypt. More»
Amwal Al Ghad English - 2014-03-24 09:01:55
Egypt's Telecommunications Minister Atef Helmy said on Sunday the country's long awaited unified telecom licence for both mobiles and landlines will be activated within three months. The licence would allow telecommunication companies to operate fixed-line and mobile networks, which would in turn allow Egypt's fixed-line monopoly Telecom Egypt to offer mobile services. "The unified telecom licence will be activated before June 30, 2014," Helmy said, speaking at an industry event in Cairo, adding that the Cabinet has approved the licence and that details will be revealed at a news conference on Wednesday. Egypt's three existing mobile phone service providers are Vodafone Egypt, Mobinil and Etisalat Egypt which have been eating away at Telecom Egypt's fixed-line services as more Egyptians opt to use mobile phones and the internet instead. Telecom Egypt has been relying on its data business to boost revenue and has been waiting to launch a new mobile operation that would complement its existing joint venture with Vodafone and rival the sector's two other players. More»
Amwal Al Ghad English - 2014-03-24 08:02:28
Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world's biggest online retailer Amazon.com Inc, the Wall Street Journal reported. Cisco said it will spend the amount to build data centers to help run the new service called Cisco Cloud Services, the Journal reported. Cisco, which mainly deals in networking hardware, wants to take advantage of companies' desire to rent computing services rather than buying and maintaining their own machines. Enterprise hardware spending is dwindling across the globe as companies cope with shrinking budgets, slowing or uncertain economies and a fundamental migration to cloud computing, which reduces demand for equipment by outsourcing data management and computing needs. "Everybody is realizing the cloud can be a vehicle for achieving better economics (and) lower cost," the Journal quoted Rob Lloyd, Cisco's president of development and sales as saying. "It does not mean that we're embarking on a strategy to go head-to-head with Amazon." (link.reuters.com/qac87v) Microsoft Corp last year said it was cutting prices for hosting and processing customers' online data in an aggressive challenge to Amazon's lead in the growing business of cloud computing. The company plans to discuss the new service Monday at a conference with its customers, the Journal said. Cisco could not be immediately reached for comment by Reuters outside regular U.S. business hours. More»
Amwal Al Ghad English - 2014-03-24 07:54:17
Apple Inc is in talks with Comcast Corp to enter into a deal for a streaming-television service that would allow Apple set-top boxes to bypass congestion on the web, the Wall Street Journal reported, citing people familiar with the matter. The discussions are in early stages and there are a lot of hurdles to be crossed before a definitive agreement could be reached, the Journal said. (link.reuters.com/reb87v) Apple, which wants its TV service's traffic to be separated from public internet traffic over the "last mile" for faster transmission, is looking for special treatment from Comcast's cables to bypass congestion, the report said. Comcast and Apple declined to comment on the report. Apple has been in talks for a faster TV set-top box with Time Warner Cable Inc, which recently agreed to be bought by Comcast. Apple's $99 TV box competes with similar streaming devices from Roku and Google Inc. Netflix agreed last month to pay Comcast Corp for faster speeds, throwing open the possibility that more content companies will have to shell out for better service. The Federal Communications Commission is in the process of drafting a new "net-neutrality" bill that would ensure that network operators disclose exactly how they manage Internet traffic and that they do not restrict consumers' ability to surf the Web or use applications. More»
Ahmed Fayez, Nayera Eid - 2014-03-23 15:04:27
Eng. Ibrahim Mehleb, Egyptian Prime Minister has witnessed signing 4 new agreements including Information Technology Industry Development Agency (ITIDA) and four major firms including IBM, Microsoft, Henkel and Valeo, these firms will contribute in boosting the Egyptian exports with around US$20 million ,provide new job opportunities and allow new applications in exporting information technology abroad. The agreements aim to provide job vacancies as Microsoft and Valeo target to appoint more than 300 professionals with highly specialized representing in development services, software technologies. Henkel also will appoint 100 specialized for serving logistic and technical activities across republic with various languages. More»
Nayera Eid - 2014-03-22 14:12:47
Senior sources in the Information and Communication Technology Ministry expected that Eng. Ibrahim Mehleb, the Egyptian Prime Minister will issue a ministerial decree for activating the integrated operator license during press conference. The sources added that decree which is approved by the Ministry on the last Thursday shall contribute in activating the license. Vodafone global has explained in a statement today that it has to take the necessary measures for offering the integrated license and to avoid the monopoly of Telecom Egypt for fixed and mobile phone services as it will restore to the international arbitration to protect its investors. Vodafone emphasized that the license will permit to TE to base on the infrastructure of mobile phone operators without launching its special network. More»
Nayera Eid - 2014-03-22 12:03:01
Morpho S.A. a French multinational company of Safran revealed that it is planning to invest EGP500 million in Egypt within the current fiscal year. Morpho Chairman & CEO Jean-Paul said the Egyptian market is one of the most prominent markets and through it many other countries will be served, and Safran group realizes well the importance of the Egyptian market, and in concern for supporting the company’s activities in general and Egypt in particular. The general manager of Morpho Egypt, Walid Fouad confirmed that the keenness of the Egyptian government represents in Information and Communication Technology Ministry which imposes to double our efforts inside Egypt, and the upcoming phase will witness huge expansions and the investments will be doubled. More»
Amwal Al Ghad English - 2014-03-22 07:52:36
AT&T on Friday dismissed Netflix's recent call for free interconnection as an arrogant and unfair attempt to force others to pay for the content provider to gain access to faster broadband speeds and better services. "As we all know, there is no free lunch, and there's also no cost-free delivery of streaming movies. Someone has to pay that cost," Jim Cicconi, AT&T's senior executive vice president for external and legislative affairs wrote in a company blog post. "Mr. Hastings' arrogant proposition is that everyone else should pay but Netflix," he said. The post was a rebuttal to comments published by Netflix Chief Executive Reed Hastings on Thursday calling for greater protections for open Internet rules, also known as net neutrality, which require Internet service providers to give consumers equal access to all lawful content without restrictions or tiered charges. In January a U.S. appeals court rejected federal rules that required Internet service providers to treat all web traffic equally, a decision that could allow mobile carriers and other broadband providers to charge content providers for faster access to websites and services. In February, Netflix struck a deal to pay Comcast Corp for faster online delivery of its movies and TV shows through a practice known as interconnection, after customers complained about slow service. Comcast is seeking approval from U.S. regulators for its proposed $45.2 billion purchase of Time Warner Cable Inc TWC.N. Treatment of internet traffic is one issue expected to receive scrutiny during the government's review. More»
Nayera Eid - 2014-03-20 14:44:09
Morpho Egypt Company which is a subsidiary of French group Safran targets to launch IT training space insurance center in cooperation with the Egyptian Telecom Ministry with total investments reach up EGP100 million within the current year. The general manager of Morpho Egypt, Walid Fouad asserted that his company and the Ministry reviewed launching the center in Smart Village Headquarters in 6th of October City, stressing that the center will focus on the interests and the workers of insurance in all governmental sectors. Morpho will hold series meetings during the coming few days to start the actual steps of launching the center. French group Safran is working in the field of manufacturing aircraft engines , missiles and defense equipments. More»
Nayera Eid - 2014-03-20 09:08:43
Fawry Electronic Bill Services is aiming to enter UAE market within the last quarter of the ongoing year. Eng. Ashraf Sabry, CEO of Fawry said his company is making the necessary procedures before entering the UAE market, explaining that UAE market is mature and this will push the firms to conduct studies before entering. Fawry is using the rest value from the direct investment of International Finance Corporation(IFC) which has obtained in the beginning of 2014 worth US$4 billion , Sabry explained. IFC has pumped US$6 million in early of the current year to invest in Fawry in Egypt, seizing 18% share from the company’s shares. Fawry started with EGP77 million paid up capital, 75% owned by Egyptian banks and institutions including Amlak, Bank of Alexandria, Information Technology Development Fund, Arab African International Bank, Raya Holding Company and HSBC. More»