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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        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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        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 - 2015-05-20 07:21:42
Yahoo Inc (YHOO.O) shares fell 7.6 percent on Tuesday on concerns that a possible change in U.S. tax regulations would affect Yahoo's planned spinoff of its stake in Alibaba Group Holding Ltd (BABA.N). The change - discussed by a U.S. Internal Revenue Service (IRS) official in Washington - could complicate the plan announced by Yahoo in January to spin off its 15 percent stake in Alibaba tax free. Yahoo said in a statement that it understood the IRS statement was not specific to Yahoo's planned spin-off of its remaining stake in Alibaba Group and its Small Business unit. More»
Nayera Eid - 2015-05-19 11:29:24
Egypt’s Information Technology Industry Development Agency (ITIDA) is participating in the SSON’s 15th Annual European Shared Services & Outsourcing Week in the Netherlands. ITIDA is taking part as being the diamond sponsor for the SSON’s event. The event is taking place in Amsterdam from May 19-21. The Shared Services & Outsourcing Network (SSON) is the largest and most established community of shared services and outsourcing professionals, with over 78,000 members globally. It provides the roof under which key industry experts and organizations share their experience, knowledge and tools, and practitioner peers connect with others all over the world, face to face and online. SSON focuses on developing its members through providing training, tools, and networking opportunities. The conference will present programme topics, such as Robotic Process Automation, Digital Transformation, and the new adoption of Data, combined with the quality and close-knit relationships. ITIDA’s participation in the conference aims to support Egypt’s image globally in the shared services and outsourcing field through connecting with 500 experts, analysts, international outsourcing companies during the event’s panels and workshops. Moreover, ITIDA CEO and the head of the Egyptian delegation to the SSON’s event, Hussein El-Gueretly is set to hold a series of meetings with potential investors, and organisations, to present Egypt’s competitive advantages in providing outsourcing services.ITIDA Egypt's Information Technology Industry Development Agency, was founded in 2004 as an executive IT arm of the Ministry of Communications and Information Technology to spearhead the development of the  Egyptian IT industry and to position Egypt as one of the leading global hubs for technology and business services. The agency continuously works on enhancing  Egypt's competitive advantages, thus supporting investors and local providers seeking to enhance their global offering through exporting  high quality  IT and IT Enabled Services from Egypt to the rest of the world. More»
Amwal Al Ghad English - 2015-05-19 07:41:35
Apple Inc (AAPL.O) was handed a mixed ruling by a U.S. appeals court in the latest twist in a blockbuster intellectual property battle with Samsung Electronics Co Ltd (005930.KS), as a prior patent infringement verdict was upheld but a trademark finding that the iPhone's appearance could be protected was thrown out. That means up to 40 percent of a $930 million verdict which had been won by Apple must be reconsidered. In the highly anticipated ruling stemming from the global smartphone wars, the Federal Circuit in Washington, D.C. upheld patent infringement violations including one which protects the shape and color of its iPhone as well as the damages awarded for those violations. More»
Amwal Al Ghad English - 2015-05-16 16:34:48
Egyptian government has launched Saturday “WhatsApp Metro”, aimed at users of Cairo Metro lines. The service will enable citizens to send audio, text messages, videos, and images to report the authorities for any complaints, violations, and suggestions about the three metro lines provided. The Egyptian Company for Metro Management and Operation said the new application will come into effect as of Sunday, May 17th, 2015. In a statement on Saturday, the company said citizens can send the complaints, violations, or suggestions, via WhatsApp to 01021778887. WhatsApp Metro will serve the citizens in line with the hotline 16048, which works around the clock, and Cairo Metro’s official page on Facebook. More»
Amwal Al Ghad English - 2015-05-16 09:29:47
Penn State University, which develops sensitive technology for the U.S. Navy, disclosed Friday that Chinese hackers have been sifting through the computers of its engineering school for more than two years. One of the country’s largest and most productive research universities, Penn State offers a potential treasure trove of technology that’s already being developed with partners for commercial applications. The breach suggests that foreign spies could be using universities as a backdoor to U.S. commercial and defense secrets. The hackers are so deeply embedded that the engineering college’s computer network will be taken offline for several days while investigators work to eject the intruders. More»
Amwal Al Ghad English - 2015-05-16 09:05:07
Shares of the maker of popular mobile game Candy Crush fell as much as over 14% in after hours trading after it warned of weaker profits. King Digital said it expects fluctuations in foreign currency and a lack of new releases to hold back its earnings in the current quarter. The big drop in its shares came despite the release of first quarter sales figures that beat market expectations. The firm has been struggling to increase market share. More»
Amwal Al Ghad English - 2015-05-16 08:42:30
A group of luxury goods makers sued Alibaba Group Holding Ltd (BABA.N) on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters to sell their products throughout the world. The lawsuit was filed in Manhattan federal court by Gucci, Yves Saint Laurent and other brands owned by Paris-based Kering SA (PRTP.PA) seeking damages and an injunction for alleged violations of trademark and racketeering laws. The lawsuit alleged that Alibaba had conspired to manufacture, offer for sale and traffic in counterfeit products bearing their trademarks without their permission. More»
Amwal Al Ghad English - 2015-05-14 13:33:48
Telecom Egypt CEO Mohamed al-Nawawy said the company has no alternative but to obtain mobile carrier licence in order to compete in the market. During a press conference held by the company on Wednesday, Nawawy said that the Egyptian mobile market comprises 25 percent of the total regional market with half a million subscribers annually, making it a prize for any foreign mobile company. Telecom Egypt, according to Nawawy, earlier offered a mobile service between 1996-1998 but it cannot compete without license, being a governmental telecommunications company, especially since the sector’s revenues exceed 36 billion Egyptian pounds annually. Telecommunications Minister Khaled Negm recently received a delegation from the company and said that not obtaining the licence endangers the company, according to Nawawy. More»
Amwal Al Ghad English - 2015-05-14 07:51:49
Facebook (FB.O) raised wages for its contract workers, such as cafeteria staff and janitors, to a minimum of $15 per hour amid rising tension over the wage gap between the technology sector's elite and the lower-paid workers. Contractors will also receive a minimum of 15 days of paid vacation days and a $4,000 new child benefit for parents who do not receive parental leave, Chief Operating Officer Sheryl Sandberg said in a Wednesday post on Facebook. "Taking these steps is the right thing to do for our business and our community," Sandberg wrote. Facebook implemented the wage increase for some workers at its Menlo Park headquarters as of May 1. It will work to expand the policy within the year to its substantial vendors, who have more than 25 employees and are based in the United States, she said. More»
Amwal Al Ghad English - 2015-05-13 09:09:53
Egypt's fixed line monopoly, Telecom Egypt registered 9.9 percent raise in its first-quarter net profit to 604 million Egyptian pounds ($79.16 million), it said Wednesday. TE, in which the government owns an 80 percent stake, posted consolidated revenue of 2.76 billion pounds, up from 2.56 billion a year earlier. More»