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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        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        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        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        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 - 2014-11-25 09:27:34
Hewlett-Packard Co. (HPQ)’s Dion Weisler took an in-development $1,899 computer home for several months this year, tinkering with features and contacting engineers on evenings and weekends with ways to improve it. He’ll have a $55.9 billion-a-year business to work with next, in his role as chief executive officer of a printer and personal-computer business that will be spun off from Hewlett-Packard next year. A two-decade industry veteran who joined the company in 2012, Weisler is facing shrinking demand for PCs, rising component prices and narrowing margins. Weisler previously worked at Acer Inc. (2353) and Lenovo Group Ltd. (992), which overtook Hewlett-Packard in PC market share last year. He’s taking the helm amid struggles to fend off competition from Apple Inc. and other makers of mobile devices and former employers. An outsider’s perspective helps, said Jayson Noland, a senior analyst at Robert W. Baird & Co. “He’s not your typical HP executive; he’s much more willing to step outside of the mainstream expectation for that,” said Noland, who has the equivalent of a hold rating on the stock. Hewlett-Packard’s fiscal fourth-quarter results, due to be released tomorrow, will show the challenge Weisler faces. The company is projected to show sales falling or little changed for the third straight year, according to the average of analysts’ estimates compiled by Bloomberg. More»
Wael Al Toukhy - 2014-11-24 13:16:05
 IBM Corporation - Egypt revealed on Monday that it has rolled out new solutions, Watson to give descriptive diagnoses for the symptoms related to various diseases through using third-generation technology. General Manager of IBM Amr Talaat explained that the new solutions aim to detect any disease suffered by the individuals after submitting their complaints about suffering from any pain, noting that these solutions named Watson's leading Cognitive Computing Capabilities, IBM Power Systems. These solutions have been launched to give a full analysis to be presented to physicians afterwards. Watson is dedicated to detect diseases that are hard to treat, such as cancer and hepatitis, Talaat added. The solutions have been reviewed by Dr. Adel El-Adawi Egyptian Health Minister and Ibrahim Mahlab Prime Minister so as to apply it Egypt by the next period. More»
Nayera Eid, Sayed Badr - 2014-11-24 12:22:13
CEO of Vodafone Egypt S.A.E Hatem Dowidar said the volume of the company's annual revenues are worth around EGP13 billion. Vodafone's financial statements revealed that the size of the debt owed to Vodafone ups zero, stressing that it signed a credit facility with banks today, the size of the debt does not exceed 30% of the total annual revenues of the Company. During the sign of credit facility with the 7 banks today, Dowidar noted that the EGP4 billion credit facilities will be go for financing the company's investments by the upcoming 3 years, adding that it will finance the new licences including International Gateway worth EGP1.8 billion, Fixed Mobile phone and other in the frame of Unified Licence. Amwal Al Ghad published today the bank's stakes in the loan which distributed as EGP900 million in favor of Banque Misr, EGP650million for each of Commercial International Bank (CIB) and AlexBank, EGP600 million in favor of HSBC in addition to Emirates NBD and QNB-AlAhli which participated with EGP400million for each bank. The company is aiming to exploit the loan as credit facilities to cover its needs in developing mobile phone network and improving services, it may allocate part of loan to go for financing the unified licence. More»
Amwal Al Ghad English - 2014-11-24 09:07:44
Samsung Electronics Co. is considering a major leadership shake-up, according to people familiar with the matter, part of an attempt to revive its fortunes after a difficult year that has hurt its profitability, market share and stock price. In one scenario under discussion, co-chief executive and mobile head J.K. Shin--who had presided over Samsung's rapid ascent as well as its recent tumble in smartphones--could be moved out of his role overseeing the mobile division, these people said. That could mean Mr. Shin, 58 years old, loses his co-CEO role, one of these people said. Another co-CEO, B.K. Yoon, who oversees Samsung's home-appliance and television business, could add control of the mobile division to his current duties in this scenario, these people said. Broadening Mr. Yoon's duties could allow Samsung to better streamline its management and help it respond more nimbly to rising competition, especially from Chinese smartphone makers. If Mr. Yoon, 61, is given the nod to take over the mobile division, he could be well-positioned to help Samsung compete in the so-called connected home--a hot corner of tech that aims to link home appliances to the Internet. Mr. Yoon has been one of the main proponents of the company's push in this direction, and signed off on Samsung's acquisition earlier this year of U.S. connected-home startup SmartThings. The decision isn't final, these people say, and Mr. Yoon's takeover of the mobile division, while expected by many within the company, isn't a done deal. Samsung has a third co-CEO, Kwon Oh-hyun, 62, who is in charge of components like semiconductors and display panels. Under one scenario being discussed, Mr. Kwon would stay in that job, according to one of the people familiar with the matter. The internal restructuring, the details of which could still change amid an ongoing annual review, would be a sign of Samsung's attempts to find its footing after a brutal year in which third-quarter profit fell 60% amid market-share declines in smartphones around the world. The plans are part of Samsung's annual year-end reshuffling that puts key decisions on hold for several weeks as executives within the company jockey for position. But the stakes are higher in the current shake-up as Samsung attempts to regroup and formulate a succession plan after Chairman Lee Kun-hee's hospitalization in May, following a heart attack. Mr. Lee's only son, Jay Y. Lee, currently a Samsung vice chairman, is widely expected to assume the chairman's role, though the timing of his appointment is unclear. A Samsung spokesman in Seoul declined to comment on possible management changes, and declined to make Messrs. Lee, Shin and Yoon available for comment. Samsung has typically operated with one chief executive--most recently Mr. Kwon, the components chief. But in March 2013, Messrs. Shin and Yoon were promoted to the top job alongside Mr. Kwon, making for an unusual arrangement with three co-CEOs. At the time, the company suggested that the move would make for cleaner lines of responsibility, giving each of the three divisional leaders more authority in dealing with partner companies. It also allowed Samsung to put a firewall between Mr. Kwon's components division--which sells semiconductors and display panels to smartphone makers including Apple Inc. and Taiwan's HTC Corp.--and the divisions that compete with those companies in products like mobile phones. Samsung has been feeling the heat from low-cost smartphone makers in China, India and other countries. There also have been missteps at Samsung. The mobile division, under Mr. Shin, didn't seriously question bullish projections for orders of its flagship smartphone, the Galaxy S5, which went on sale globally in April, according to a person familiar with the matter. Samsung produced about 20% more devices than it did of the Galaxy S5's predecessor, basing the numbers on a survey of its carrier partners around the world, who were asked to predict demand but who weren't on the hook for any unsold devices, according to the person. That led to merchandise piling up in warehouses, forcing Samsung to increase marketing expenditures to unload the devices. In all, Samsung sold about 40% fewer Galaxy S5 smartphones than expected, with about 12 million units sold to consumers in the first three months since April compared with about 16 million units for the preceding flagship phone, the Galaxy S4, according to people familiar with the matter. Only in one major market did Samsung sell more Galaxy S5 smartphones than it did the S4: the U.S., Samsung's biggest market, one of these people said. In China, Samsung's second-largest market by revenue, Galaxy S5 sales were down by about 50% from those of its direct predecessor during the first six months that the device was on sale, according to one of the people. In the U.S., Samsung is already consolidating its operations. Gregory Lee, the president of Samsung's North America operations, has begun combining the separate U.S. mobile and consumer electronics subsidiaries and is cutting duplicate positions, according to a person familiar with the matter. The merger of the two units, which hasn't been announced, will take effect early next year. Mr. Lee has also brought the U.S. arm of Samsung's software and services division, called Media Solutions Center, under his jurisdiction, and hired a new management team led by Disney recruit John Pleasants to help the company win back more control of the software and services that run on the devices that it sells. Change is afoot in Europe, too. U.K. mobile chief Simon Stanford left this spring, following dismal sales results. His successor, Rob Orr, lasted in the job for less than two months, according to a person familiar with the matter. The mobile role remains open. In a sign of belt-tightening, the company has even put an end to some fruit baskets that were kept in the European offices, this person said. "The company is not coping with the performance of the business very well," the person said. "Morale is beaten down." A spokesman for Samsung in Europe said: "The market is challenging but this is normal and healthy competition. We continue to lead many categories across consumer electronics." So far this year, Mr. Shin has earned $11 million in salary and bonuses, according to regulatory filings, compared with just $3.3 million for Mr. Yoon. Mr. Yoon's lower compensation reflects, in part, the outsize role that Mr. Shin's mobile division plays at Samsung, accounting for about 43% of operating profit in the third quarter. Mr. Yoon's division brought in just 1% of operating profit in that quarter. More»
Amwal Al Ghad English - 2014-11-24 08:49:00
Shares in microprocessor maker Intel Corp (INTC.O) could rise more than 30 percent to $48 over the next two years, Barron's reported in its Nov. 24 edition. With shares recently at over $35, the stock is halfway to the five-year doubling Barron's said it predicted in June of 2013, but now is not the time, the weekly magazine advised. Barron's said that in two years' time, the 30 percent rise would put shares trading at around 16 times future earnings estimates, the same price to 2014 earnings ratio that it now trades at. More»
Amwal Al Ghad English - 2014-11-24 08:09:25
An Egyptian appeals court on Sunday confirmed jail terms for 85 students convicted of illegal demonstrations and vandalism in protests backing ousted Islamist president Mohamed Morsi, officials said. Hundreds of students have been tried in civilian courts after violence on campuses, bastions of pro-Islamist activists following Morsi's ouster in July 2013. His student supporters have clashed regularly with security forces on university campuses since a nationwide government crackdown left hundreds of people dead and thousands jailed. A Cairo appeals court upheld verdicts sentencing  85 students in separate cases to jail terms of up to five years after finding them guilty of illegal protests, illegal assembly, vandalism and joining a terrorist group, judicial sources and a lawyer said. Defence lawyer Mukhtar Mounir, who represented nine defendants, confirmed the outcome to AFP. "A Cairo misdemeanour court of appeals confirmed the verdict against 85 students, including five female students... for violent clashes in Al-Azhar University," said Mounir, who attended Sunday's session. The verdict can still be appealed at the Court of Cassation. Morsi himself and several top leaders of his Muslim Brotherhood movement are also on trial on charges punishable by death. The authorities blacklisted the Brotherhood as a "terrorist organisation" last December. More»
Nayera Eid - 2014-11-23 16:40:51
The African countries are keen to witness greater Egyptian technological presence, said Ali Jjunju of Uganda’s General Manager of Isys Electronic Payment Services. He further described Egyptian technology firms’ plans to expand into the African markets as ‘good step’ towards boosting bilateral cooperation with each African state and accordingly raising the awareness of this vital sector in the continent.The growth currently witnessed by Africa in depending on technological tools makes the continent a promising and tempting soil for the Egyptian companies to expand, he noted. Jjunju further stated that Egypt is one of the most welcome countries to invest in the African continent. The "Isys" group, one of the largest companies providing electronic services via smartphones and tablets, and the fastest-growing company in Middle East and North Africa region, has participated for the first time in the Cairo ICT 2014 in its eighteenth session which was recently held on November 4-7. Commenting on the Group's participation in the Cairo ICT exhibition this year, “engineer Mohamed Al-Rashedy”, group’s founder and CEO, confirmed that “Isys’ has decided to participate in the Egyptian’s exhibition which is specialized in the telecommunications and information technology sector, in accordance with the company's strategy in the Egyptian market and the Middle East region to expand its business in the region where the company expects to increase its business and its customers over the next few months”. During the exhibition’s events, Isys has launched the application system Payit, which is one of the programs based on electronic cash payment services on smart phones and tablet. The "Isys" Company has begun its work since 2005 in Kuwait; where it was entitled by the Kuwaiti telecommunication group "Zen" to be one of its key partners, after the company has provided its first services of chat programs, SMS and other interactive services. In 2006, the "Isys" company expanded in its activities to begin its launch to several countries, as it has begun its activities in Sudan with the company "Mobitel" to provide “medical” services in the form of short medical text messages as well as providing support to the Agence France-Presse "AFP" in France in many magazines including newsletters. Moreover, the company's activity has also extended from 2007 till 2013 to many countries and it has 12 offices such as its office in Bahrain, Egypt, Uganda, Kenya, South Sudan, Palestine, Jordan, Nigeria, Libya and the United States. More»
Amwal Al Ghad English - 2014-11-23 15:09:47
Mobily , Saudi Arabia's second-biggest telecoms network operator, said on Sunday it has suspended its chief executive Khalid al-Kaf and put his deputy Serkan Okandan in temporary charge pending an investigation into accounting errors. Earlier this month the company announced a restatement of its results which it blamed on accounting errors, wiping out 1.43 billion riyals ($381 million) of previously reported profits and sending its share price tumbling. Kaf will be suspended until Mobily's audit committee completes its investigation into these errors, the company said in a statement. Kaf was the Gulf's longest-serving CEO in the sector, taking the helm at Mobily in 2005 after 19 years at United Arab Emirates' Etisalat , which owns 27.5 percent of Mobily. On Nov. 5 Etisalat cut its own profits by 162 million dirhams following Mobily's results restatement. Okandan, Etisalat's chief financial officer, was appointed as deputy CEO of Mobily in October, while Etisalat's chief executive Ahmad Julfar is also a director of Mobily and chairman of its Risk Management Committee. Another senior Etisalat executive Essa Al-Haddad also sits on Mobily's board, according to Etisalat's 2013 annual report. Mobily's share price has fallen 36 percent since late October, when rumours began to circulate that something was amiss with the company's results, wiping out 6.56 billion riyals from the value of Etisalat's stake, according to Reuters calculations. Mobily began operations in 2005, ending Saudi Telecom Co's (STC) monopoly, and it turned profitable the following year, marking the start of the operator's remarkable rise. Its annual profits more than quadrupled from 2006 to 2009 to reach 3 billion riyals that year, Reuters data shows. Mobily reported a record annual profit in 2013 of 6.68 billion riyals, up 11 percent from the previous year, although that result has now been cut in the restatement. ($1 US dollar = 3.7516 Saudi riyals) More»
Amwal Al Ghad English - 2014-11-23 14:38:03
Egypt is seeking US$10 billion in information technology investments in the coming four years, the telecoms minister said. Atef Helmy further elaborated that his ministry’s future strategy includes pumping new investments in six governorates across the nation for electronics manufacturing and upgrading. The North African country also aims 5 billion Egyptian pounds (US$698.7 million) in investments within four years from now to establish computer manufacturing centres in cooperation with global firms, the minister noted. More»
Amwal Al Ghad English - 2014-11-23 08:31:09
Australia raised A$5.68 billion ($4.9 billion) selling shares of Medibank Private Ltd. in the country’s second-largest initial public offering. The government sold about 2.7 billion shares in the country’s biggest health insurer at a price of A$2.15 apiece for institutional investors, Finance Minister Mathias Cormann said on a conference call today. All the Medibank shares offered were sold, he said in a separate statement. “The offer has generated a very high level of demand both from domestic and offshore institutional investors,” Cormann said from Perth today. Medibank “will be more flexible in pursuing growth opportunities into the future, they will have better access to capital markets and they will have the opportunity to perform and do the best they can without having the restrictions of government ownership imposed on them.” Prime Minister Tony Abbott is cutting spending and selling assets as he seeks to rein in a budget deficit that swelled to A$48.5 billion in the year through June. Australia’s benchmark stock index has slipped 5.7 percent since Aug. 29, when some details of the IPO were announced, amid increasing signs that economies from Japan to Europe are losing momentum. More»