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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

Amwal Al Ghad English - 2015-02-08 09:21:56
The Egyptian Government, through the Ministry of Communications and Information Technology, and MasterCard signed Thursday a Memorandum of Understanding (MoU) to help drive financial inclusion and maximize government efficiency. The MoU was signed by H.E. Atef Helmy, Minister of Communications and Information Technology, and Ajay Banga, Chief Executive Officer at MasterCard, in the presence of Ibrahim Mahlab, Prime Minister of Egypt, and Richard Haythornthwaite, Chairman of MasterCard’s Board of Directors. The partnership will see MasterCard bring latest payment technology to the market. In addition, the company will help the Egyptian government increase engagement with citizens. MasterCard will also be working alongside Egypt Post to digitalize its customer base, and enable its 4000 branches to offer electronic value-added-services, employee trainings and expert-driven workshops. This will help Egypt Post transition towards cashless payment solutions through the use of mobile phones and credit cards, ultimately improving its services and enhancing convenience. Atef Helmy, Egyptian Minister of Communications and Information Technology said: “Under the leadership of H.E. Abdel Fattah al-Sisi, Egypt has been undergoing a period of positive change. The President and Government of Egypt believe that Information and Communications Technology plays a vital role in supporting this change and helping us better serve our citizens. This collaboration with MasterCard will help the Government bring innovative new solutions to the Egyptian population.” Ajay Banga, Chief Executive Officer, MasterCard said: “This partnership highlights our commitment to Egypt and its people. It’s crucial for us to join forces with governments around the world to accelerate positive change for citizens. We have a long and rich history in Egypt, and we are excited about the opportunity to provide more Egyptians with access to financial services.” More»
Amwal Al Ghad English - 2015-02-07 09:35:58
Walkie-talkie and radio systems maker Motorola Solutions Inc (MSI.N) is looking into a possible sale, Bloomberg reported, citing people familiar with the matter. Potential buyers could include private-equity firms and defense contractors including Raytheon Co (RTN.N), Honeywell International Inc (HON.N) and General Dynamics Corp (GD.N), Bloomberg reported, citing one of the sources. The 87-year-old company is working with financial advisers as it looks for a buyer, Bloomberg cited the sources as saying. The sale process has been going on for several months, though a deal isn't on the immediate horizon, one of the sources told Bloomberg. Motorola Solutions spokesman Kurt Ebenhoch declined to comment on rumors or speculation.Source: Reuters More»
Amwal Al Ghad English - 2015-02-07 07:48:49
A lawyer for RadioShack on Friday said the bankrupt electronics chain would accept all kinds of bids for its assets, including from liquidators, although any transaction would require court approval. RadioShack, which filed for Chapter 11 protection on Thursday, has a tentative deal to sell as many as 2,400 of its 4,100 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder. As part of that deal, wireless company Sprint Corp would operate within those stores. But any better bids, which RadioShack lawyer David Fournier said could include liquidation offers, may trump that deal. "We don't know exactly where we're going to end up," Fournier said at a hearing in U.S. Bankruptcy Court in Delaware. RadioShack, which posted 11 straight quarterly losses after failing to transform itself into a destination for mobile phone buyers, hopes to avoid the fate that plagues many bankrupt retailers: liquidation. More»
Wael Al Toukhy - 2015-02-05 12:08:16
Egypt's Linatel for Telecommunications is targeting to increase the proportion of maintenance services and technical support which provided by Vodafone and Mobinil to 10% from the total business volume of developing infrastructure and improving performance, Hamdy El laithy CEO said. The board of director will hold a meeting by the end of the current month in order to agree on the general strategy of the new year, El laithy pointed out. Speaking to Amwal Al Ghad on Thursday, El laithy asserted that several works which expected to be implemented within 2015 will be reviewed, in addition to electronic payments and Intelligent Transport system projects. More»
Ahmed Fayez - 2015-02-05 09:58:20
The US multinational technology corporation IBM will take part in Egypt’s upcoming Economic Summit, chairwoman and CEO Virginia Rometty announced on Wednesday. According to Rometty, Egypt’s March summit represents a great chance to offer and present IBM’s services and programmes in front of Egyptian as well as international investors participating in the event. During her meeting with Egyptian Prime Minister Ibrahim Mahlab and Minister of Communication Atef Helmy, Rometty said IBM believes that Egyptians are writing a new page in the road of development represented in offering giant promising projects like the New Suez Canal project. In addition, she added that the modern marine services require advanced technology to be in accordance with international standards. Such advanced technological applications will contribute to lowered costs and the best usage of resources, Rometty noted. She pointed out that IBM cooperates with number of countries in providing programming services soas to administrate ports. IBM is a globally integrated technology and consulting company headquartered in Armonk, New York. With operations in more than 170 countries, IBM attracts and retains some of the world's most talented people to help solve problems and provide an edge for businesses, governments and non-profits. More»
Nayera Eid - 2015-02-05 09:50:47
Vodafone India reported 15% organic growth in revenue in the quarter ended December 31, the company's UK-based parent said in a quarterly financial result statement. India revenue stood at 1.1 pound sterling, aided by some foreign exchange conversion rate. Mobile Internet revenue rose a whopping 70% after more customers started to use data services. The company said it now has 59 million data customers of which 16.6 million are using high speed 3G data. Under project spring, that was a fund released for data and 3G coverage, Vodafone India deployed 5,500 new telecom airwave emission sites, or towers, during the quarter, the statement said. More»
Amwal Al Ghad English - 2015-02-05 08:10:55
Apple Inc's (AAPL.O) healthcare technology is spreading quickly among major U.S. hospitals, showing early promise as a way for doctors to monitor patients remotely and lower costs. Fourteen of 23 top hospitals contacted by Reuters said they have rolled out a pilot program of Apple's HealthKit service - which acts as a repository for patient-generated health information like blood pressure, weight or heart rate - or are in talks to do so. The pilots aim to help physicians monitor patients with such chronic conditions as diabetes and hypertension. Apple rivals Google Inc (GOOGL.O) and Samsung Electronics (005930.KS), which have released similar services, are only just starting to reach out to hospitals and other medical partners. Such systems hold the promise of allowing doctors to watch for early signs of trouble and intervene before a medical problem becomes acute. That could help hospitals avoid repeat admissions, for which they are penalized under new U.S. government guidelines, all at a relatively low cost. The U.S. healthcare market is $3 trillion, and researcher IDC Health Insights predicts that 70 percent of healthcare organizations worldwide will invest by 2018 in technology including apps, wearables, remote monitoring and virtual care. Those trying out Apple's service included at least eight of the 17 hospitals on one list ranking the best hospitals, the U.S. News & World Report's Honor Roll. Google and Samsung had started discussions with just a few of these hospitals. More»
Ahmed Fayez - 2015-02-04 11:29:40
The American multinational technology and consulting corporation IBM is planning to double the number of employees in its Egyptian office, chairwoman and CEO Virginia Rometty announced. This comes after Rometty had taken part in a workshop with Egyptian Minister of Communications and Information Technology Atef Helmy held on Tuesday at the Egyptian cabinet’s headquarters. The workshop was also attended with Egyptian ministers of electricity, supply, social solidarity, and scientific research alongside a representative from the finance ministry as well as leaders and representatives for international affairs services, sales, and systems participated in the workshop. Rometty also referred that IBM’s volume of investments in Egypt reached US$3 billion amid willingness to cooperate in Egyptian’s national giant projects through providing various technological solutions. IBM has also plans to inaugurate a new centre in Egypt to export services to African markets, she noted. From his part, Egyptian minister Helmy had asserted that IBM plays an important role in Egyptian market in all fields hoping IBM's investments to be increased within the upcoming period. The Egyptian minister also expressed his wish to expand partnership base with IBM - as it has prominent location and highly trained staffs- and activate more cooperation in supporting large projects that Egypt launches notably New Suez Canal project. More»
Nayera Eid - 2015-02-03 14:15:37
Egyptian Information and Communication Technology Minister Atef Helmy asserted that the negotiations over the unified licence have entered the dispute free stage, rejecting any disputes over the licence within the current period. Rolling out the licence with its different elements including the availability of fixed services for mobile operators, granting Telecom Egypt the right of providing mobile services in addition to allowing the international gateway for mobile companies within days. More»
Amwal Al Ghad English - 2015-02-03 12:14:37
Vodafone Egypt Foundation announced for new partnership with Youth Ministry and General Authority for Literacy and Adult Education in order to support a new initiative for Literacy under name of 'Egyptians are learning'. The initiative is aiming to encourage the illiterates throughout the scattered youth centers in all governorates of Egypt. It also targets to stimulate the Egyptian youth to participate, either by teaching Illiterates or registered classes to erase illiteracy. More»