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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        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 Engish - 2014-02-15 08:53:02
A flaw in recent versions of Internet Explorer was used to attack visitors to a website for U.S. military veterans, and also appears to have been used earlier against French aerospace industry employees, researchers said Friday. The flaw in Microsoft Corp's IE 10 Web browser was reported on Thursday, days after it was used inside the Web page of nonprofit U.S. group Veterans of Foreign Wars. The VFW said Friday that an unspecified federal law enforcement agency is investigating and that the malicious code on its site had been removed. Security firm Websense Inc said it found similar attack code on a page set up on January 20 with a Web address nearly identical to one used by a French aerospace association. That suggests the attacks using the flaw have been going on for at least three weeks, but might have succeeded earlier against higher-value targets and escaped discovery, said Websense Director of Security Research Alexander Watson. FireEye Inc, which discovered the VFW attack, said it appeared connected to previous attacks against the Japanese financial sector, security firm Bit9 and others that Symantec Corp security researchers attributed to a large and well-organized group in China. More»
Amwal Al Ghad English - 2014-02-13 08:23:53
South Korea's LG Electronics unveiled a revamped version of its large-screen smartphone G Pro on Thursday, hoping it will help propel the company to the No. 3 spot in global smartphone sales this year. LG Electronics, currently ranked No. 4, is seeking to move past Huawei Technologies Co Ltd as well as Lenovo Group which recently agreed to buy Google Inc's Motorola handset division for $2.9 billion. The deal, if approved by regulators, would catapult Lenovo from No. 5 to No. 3 - a threat that LG Electronics executives shrugged off. "The Lenovo-Motorola deal has created a great media buzz, but this has not been much talked about within our company," Andy Kim, head of mobile product planning at LG Electronics, told a news conference. LG Electronic's G Pro 2 comes ahead of a rival offering from market leader Samsung Electronics later this month. Apple Inc is also widely expected to launch a new iPhone with a bigger screen this year. It boasts a 5.9-inch screen, bigger than the 5.5 inch screen of the previous model and one of the biggest on the market. It also has a 1-watt speaker system, a first for smartphones and will be powered by a Qualcomm Snapdragon 800 processor. More»
Amwal Al Ghad English - 2014-02-13 07:26:24
Private cloud storage company Dropbox Inc plans to name Google Inc GOOG.O executive Dennis Woodside, CEO of Motorola Mobility, as its first Chief Operating Officer. Jonathan Rosenberg, the former head of product management at Google, will be appointed as the Chief Operating Officer of Motorola Mobility with responsibility for day-to-day management, according to two sources familiar with the matter. Nikesh Arora, Google's Chief Business Officer, will remain Executive Chairman of the Motorola Operating Board, overseeing strategy, the sources said. Dropbox and Google declined to comment. Lenovo, which bought Motorola Mobility for $2.9 billion in January, said they were aware of Woodside's appointment, which was earlier reported by the Wall Street Journal. "We are aware of this change, but we are absolutely committed to this acquisition, and remain completely confident in the Google and Motorola leadership team," a Lenovo spokesman said in an email to Reuters. The deal is awaiting regulatory approvals, including from the Committee on Foreign Investments in the United States to ensure it does not threaten national security. (Full Story) Dropbox, the 6-year-old Silicon Valley startup many expect to go public sometime this year, is taking advantage of flush investors and skyrocketing valuations for fledgling tech companies. Dropbox secured $250 million from a fund managed by BlackRock Inc BLK.N and other investors last month in a new funding round that valued the company at almost $10 billion. More»
Amwal Al Ghad English - 2014-02-11 08:32:32
Shares of South Korea's Samsung Electronics extended their rebound on Tuesday, rising as much as 3 percent, as currency concerns subsided. "The recent set back in the yen's weakness against the dollar and the won has cleared much worries stemming from currency rates, highlighting the cheap valuation of Samsung Electronics shares following a sluggish January," said Park Kang-ho, a tech analyst at Daishin Securities. Shares of Samsung Electronics, the world's top smartphone maker, rose as much as 3 percent to 1.311 million Korean won ($1,200) on Tuesday, which marked their highest intraday levels in over two weeks. Samsung stocks were heading for a fourth consecutive day of gains. More»
Amwal Al Ghad English - 2014-02-11 08:10:00
Billionaire activist investor Carl Icahn has backed off from his campaign urging Apple Inc to increase its stock buybacks, citing the company's recent repurchases as well as an influential proxy adviser's call against his proposal. In a letter to Apple shareholders on Monday, Icahn wrote he was ditching his non-binding proposal to force Apple to add another $50 billion to its stock buyback plan, "especially when the company is already so close to fulfilling our requested repurchase target." Apple shares closed up 1.8 percent higher at $528.99 on Monday. For months Icahn had been asking Apple to boost its stock buyback program, proposing the iPhone maker repurchase another $50 billion. On Sunday, Institutional Shareholder Services Inc recommended shareholders vote against Icahn's nonbinding proposal, saying the motion would "micromanage" how the company uses capital. Proxy advisory firm Egan-Jones has also recommended voting against Icahn's plan, which was up for a vote at Apple's February 28 shareholders meeting. Apple Chief Executive Officer Tim Cook told The Wall Street Journal last week he wanted to be "aggressive" and "opportunistic" in buying back shares. He pointed out the company had repurchased $14 billion in stock in the two weeks since reporting financial results that disappointed Wall Street. More»
Amwal Al Ghad English - 2014-02-10 10:27:19
Telecom Egypt (ETEL.CA) today announced the signing of a settlement with El Swefy Law Firm, the legal representatives of the “B-Elephant” tanker ship, that damaged and cut two submarine cables; EIG and TE North last March. Under the terms of the agreement which has signaled the release of the “B-Elephant” tanker, the ship’s representatives will pay Telecom Egypt $12.535 million (USD) in a full and final settlement of all expenses related to repairs, spare parts and the cost of returning the two submarine cables to their original condition. Mohammed Elnawawy, Managing Director and Chief Executive Officer of Telecom Egypt said: “Telecom Egypt will never give up, nor compromise defending its rights and the rights of its partners in regard to the submarine cables. This includes ensuring the preservation of the company's investments and shareholders' equity. The company will continue to take all legal actions to protect the submarine cables crossing Egypt’s territorial waters. More»
Amwal Al Ghad English - 2014-02-10 08:43:01
Eng. Atef Helmy, Egyptian Telecom Minister departed Cairo early Monday to attend the Government Summit 2014 which will be kicking off today in Dubai from February 10-12. The world's most respected government and business leaders, decision makers, executives and experts will gather for the 2nd annual UAE Government Summit. More than 60 international speakers will lead comprehensive and insightful sessions on ways to shape the future of government services that meet and exceed the expectations of citizens and promote their happiness. The Summit strengthens international cooperation between public and private sectors. “The Government Summit has underlined its global credentials by hosting an elite line-up of international speakers including high-level government officials and key decision-makers, who will lead an interactive discussion agenda to further enhance government services around the world,” said Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs, and Head of the Organising Committee for the Government Summit. More»
Nayera Eid - 2014-02-09 10:08:48
The Egyptian Telecom Ministry is aiming launching ‘cloud computing’ for the governmental device within days. Eng. Atef Helmy, Telecom Minister said it will use the new computing in storing the databases, stressing that a large numbers of governmental platforms have no Servers and storage units currently. Helmy added that clouding computing will allow huge storage areas and helps to accommodate IT infrastructure for the government sector, noting that the platforms of some ministries and Luxor governorate have no storage capacities for serving the citizens through the internet. The Ministry is targeting to implement Egypt Digital Corridor Project which based on cloud computing. More»
Nayera Eid - 2014-02-08 13:05:18
Eng. Mohamed AbdelWahab, Chairman at Cairo Contact Centers Park in Maadi asserted that the global firms expand in the numbers of seats by between 70-80% during the current period. AbdelWahab has informed Amwal Al Ghad in an exclusive that Call Center, contact Center,Egypt, ECCO Holding expands with 80% in the numbers of customer services seats after Abraaj Group invested in the firm at the last year, noting that Etisal Call Center Co. is currently boosting the numbers of seats with 70%. He pointed out that the numbers of firms which are currently working to expand its seats and at the top of expansion Raya Holding company which is targeting to inaugurate its new headquarter in Cairo Contact Maadi Park soon so as to serve its portfolio. He affirmed that the demand on the buildings reached 250% in compared to the offered areas in order to make the best use off usufruct system for 49 years. More»
Nayera Eid - 2014-02-06 14:07:24
The total revenues of Vodafone Global reached around £10.9 billion (US$17.9 billion) during the third quarter of the current fiscal year which ended in December2013. Vodafone’s financial statements explained that the developing markets of the company witnessed major growth rates which attained 6.1% at the end of the third quarter, registering £3.2 billion revenues. Vodafone pointed out that  the financial statements of revenue services in Egypt rose by 1.1% compared to 0.8% during the second quarter, driven by the lifting of the curfew which  applied in Cairo in the last August and September. Vodafone asserted that Egypt, Qatar, New Zealand, Ghana, Turkey and Australia reached £1.29 billion (EGP17.9 billion). It further emphasized that the numbers of subscribers in Egypt reached 41.7 billion at the end of last December and the percentage of in advance owners paid up subscription about 89.6% of the total domestic customers. More»