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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Misr Chemical Industries   5.65        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        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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 - 2015-03-07 12:45:00
The test for Tim Cook last September was to prove that Apple could still come up with innovative products, so he revealed a smartwatch. His next test comes Monday: convincing you to buy it. Apple's chief executive officer returns to the spotlight to answer questions on many of the device's key selling points, including price range, battery life and when in April the watch will reach stores (and in which countries). Those unknowns aside, perhaps the biggest question about Apple's first new gadget since the iPad is whether the Internet make sense on your wrist. "I would expect Tim to spend most of his time on Monday walking consumers through very unique use-case scenarios and exploring the implications for the Internet on the wrist and why it matters," Shawn DuBravac, chief economist for the Consumer Electronics Association, said. When the watch with a rectangular touchscreen was first shown in September, Apple said it would come in two sizes, three styles and tell time to within 50 milliseconds of accuracy. Applications allow for maps, photos, music and messages along with the ability to track health and fitness information. More»
Amwal Al Ghad English - 2015-03-07 07:47:29
Apple Inc (AAPL.O), the largest U.S. company by market value, will join the Dow Jones industrial average .DJI, replacing AT&T Inc (T.N), in a change that reflects the dominant position of the iPhone maker in the U.S. consumer economy. The decision to nudge aside AT&T, which has been part of the Dow for the better part of a century, is a recognition of how communications and technology have evolved. It's also a marker of Apple's transformation, from a struggling company with a small, fervent following two decades ago, into the nation's predominant consumer tech company. "This is a sign of the times, and it might get everyone to look at the Dow more than they have been," said Richard Sichel, who oversees $2 billion as chief investment officer at Philadelphia Trust Co. "It would be difficult to pick any 30 companies that would cover the entire economy, especially compared with the S&P 500, but it does give the Dow more credibility." The action, by S&P Dow Jones Indices, had been widely expected since Apple split its shares seven-for-one in June of last year. AT&T declined to comment on its removal from the average, of which it has been a member for most of the last 100 years. The stock was added to the Dow in 1916, the year after the first-ever transcontinental telephone call. It was removed in 2004, but after SBC Communications renamed itself AT&T following a 2005 merger, it was reinstated. "It was a new way of life: telephones, back then 100 years ago, these talking machines," said Howard Silverblatt, index analyst at S&P Dow Jones Indices. "Back then, AT&T was it, end of story." TWIST OF FATE After Apple's stock split, many investors felt it was only a matter of time before the company, whose high stock price had previously made it unsuitable for the price-weighted index, would join it. The Dow industrials is the oldest U.S. stock average, first published in 1896. Its compact size - just 30 names - and its mission to reflect the U.S. economy means that many retail investors are more familiar with it than other indexes covering a broader cross-section of the market. Even though professional managers generally benchmark against the S&P 500, additions and removals from the Dow are still a big event on Wall Street. It was last altered in September 2013 when Goldman Sachs Group Inc (GS.N), Visa Inc (V.N) and Nike Inc (NKE.N) were added. Apple did not respond to requests for comment. The company has a market capitalization of $737 billion, making it twice the size of the second-largest Dow component, Exxon Mobil Corp (XOM.N). Shares of Apple rose 0.15 percent to $126.60 on Friday, while those of AT&T fell 1.5 percent to $33.48. In a twist of fate, Apple owes some of its success to its partnership with AT&T over the iPhone, the device that propelled Apple's dominance. The iPhone first hit the market in 2007 with AT&T as its exclusive carrier, a deal that continued for more than three years. Since the iPhone's introduction, Apple's annual revenue has risen more than sevenfold, from $24.6 billion in 2007 to $182.8 billion most recently. AT&T saw 11 percent revenue growth over the same period to $132.4 billion in 2014. "There’s irony in that they are replacing AT&T, which helped them lift off to begin with,” said Neil Azous, founder of Stamford, Connecticut-based advisory firm Rareview Macro. Despite Apple's size, as of Thursday's close it would only have a 4.66 percent weighting in the Dow because of its price, the index company said. Apple will join the average after the close of trading on March 18. Most of the assets indexed to the Dow industrials do so through the S&P Dow Jones Industrials exchange-traded fund (DIA.P), commonly known as the "Dow Diamonds." It had about $12.5 billion in assets as of Thursday. By comparison, more than $1.9 trillion in assets track the S&P, including mutual funds and ETFs. Kevin Landis, chief investment officer of Firsthand Capital Management, a Silicon Valley-based technology-investing specialist with $300 million in assets under management, said he hopes that this is not a sign that Apple is past its prime. “The Dow Jones is such a backwards-looking list, I cringed when Intel (INTC.O) and Microsoft (MSFT.O) were added," Landis said. "I'm cringing today. Let's hope Apple can defy the forces of history." Intel and Microsoft joined the average in November 1999, and their performance was weak for years following. More»
Amwal Al Ghad English - 2015-03-05 10:06:15
China's Huawei Technologies Co Ltd [HWT.UL] and Intel Corp are expanding an existing alliance to provide cloud computing to global telecoms carriers, as U.S. tech firms vie for Chinese tie-ups to retain access to a tough mainland market. The partnership, announced by Huawei in a statement, comes as U.S and other Western tech firms' scramble to burnish their bona fides with China, which has become increasingly wary of foreign technology. Joining hands with Chinese companies, including technology transfers and adopting Chinese partners' branding, can make these products more palatable to local buyers and authorities in the world's second-largest economy. "How do you stay in this market and do the least damage to your core business - that's the puzzle everybody is focusing on now," said James McGregor, chairman for advisory firm APCO China. China's government has been openly pushing for the use of more Chinese and less foreign-made technology, both to grow its own tech sector and as a response to former U.S. National Security Agency contractor Edward Snowden's leaks about widespread U.S. cyber surveillance. More»
Amwal Al Ghad English - 2015-03-05 09:59:48
Apple Inc., which has seen stagnating iPad sales, will delay the start of manufacturing for a larger-screened version of the tablet, people with knowledge of the matter said. Production of the 12.9-inch-screen iPad is now scheduled to start around September because of delays involving the supply of display panels, said one of the people, who asked not to be identified because the details aren’t public. Apple had initially planned to begin making the larger version this quarter, people familiar those plans had said. A new big-screen tablet is part of Chief Executive Officer Tim Cook’s effort to reinvigorate the iPad product line, where sales have declined for four straight quarters. IPads are also facing competition from larger iPhones, which were introduced in September and helped Apple deliver record profit in the latest quarter. Apple, based in Cupertino, California, currently sells the iPad with a 9.7-inch display and the iPad mini, which has a 7.9-inch screen. Apple hasn’t disclosed plans for a bigger iPad. More»
Wael Al Toukhy - 2015-03-04 14:53:28
Jumia Electronic Trading Company is planning to pump investments ranging between EGP18 million to EGP20 million in Egyptian market this year. CEO at Rocket Internet GmbH (Jumia Egypt - Venture) Hesham Safwat said this comes among Jumia's investments in Africa that worth US$80 million, stressing that the proportion of E-trading in Egypt reaches around 5 to 6% growth rate. Jumia's market share is ranging between 38 to 40% in local market, Safwat added. Moreover, Safwat pointed out that Jumia is intending to open logistic branches in Sharm el-Sheikh, Hurghada , Mansoura, Asyut, Alexandria and Masr el-Gedida. More»
Amwal Al Ghad English - 2015-03-03 09:48:33
Egyptian telecom regulator signed in Madrid a preliminary deal with the GSM Association on Monday. Egypt's Communication Minister Atef Helmy - witnessed the signature of a memorandum of understanding (MoU) between Egyptian Telecommunication Regulatory Authority (NTRA) and GSM Association (GSMA) on Monday. The MoU aims to enhance the cooperation between the two parties in field of developing the technology of mobile phones and their various applications and infrastructure. The GSM Association (GSMA, or Groupe Speciale Mobile Association) is an association of mobile operators and related companies devoted to supporting the standardising, deployment and promotion of the GSM mobile telephone system. The GSM Association was formed in 1995. The MoU was signed by Hesham El Alaily - NTRA's Executive President- and Tom Phillips - GSMA's Chief Regulatory Officer. The Egyptian minister discussed with Tom Phillips the latest updates in the Egyptian communications and information technology sector as well as the procedures taken by the country's government to innovate and develop the mobile phone field in the light of mutual cooperation between the ministry and GSMA. The Egyptian Minister of Communication and Information Technology is visiting Spain nowadays to participate in Mobile World Congress in Barcelona in order to promote Egypt's March Economic Summit. Mobile World Congress is organized by GSM Association (GSMA) and will take place from 2-5 March 2015 in Barcelona. The GSMA Mobile World Congress will convene industry leaders, visionaries and innovators to explore the trends that will shape mobile in the years ahead. More»
Amwal Al Ghad English - 2015-03-03 08:48:23
As Apple Inc. prepares to release its much-heralded smartwatch, rival gadget makers are racing to upgrade their own devices to ward off market-share losses. By mid-2016, Apple will account for 15 percent to 20 percent of sales of the devices, estimates Transparency Market Research analyst Saurav Kumar in Pune, India. That will come partly at the expense of current vendors, such as Motorola Mobility Holdings LLC and Samsung Electronics Co., he said. With Apple expected to commandeer sales among its iOS-using crowd, the competition for Android users is heating up. Withings Inc., maker of the Activité watches that work with iOS phones, is releasing new software this week that will make the devices compatible with Android phones. Rival Pebble debuted a new watch last week, while Motorola is pouring money into its Moto 360, a watch based on Google Inc.’s Android Wear operating system. “We intend to continue to spend heavily in this space,” Rick Osterloh, president of Motorola Mobility, said in an interview. “What the Apple launch has done is raise awareness for the category in general, and it may improve our sales by driving overall awareness.” More»
Nayera Eid - 2015-03-02 17:22:07
Gervais Pellissier, Deputy CEO of Orange SA, will attend Egypt’s Economic Summit, which will take place on March 12-15, 2015. Orange, the French multinational telecommunications giant, has a majority shareholding of 98.92% in one of Egypt's three mobile phone operators, the Egyptian Company for Mobile Services or Mobinil. In the same vein, Yves Gauthier – CEO of Mobinil – told Amwal Al Ghad on Monday that Orange is interested in resuming its investments in Egypt, and still studies a potential capital increase in the coming period. The Egyptian summit will take place on March 13-15, 2015, with the theme of “Egypt the Future”, aiming to encourage Gulf and international companies and organisations to invest in the country and contribute to its development. Egypt hopes the conference – at which state agencies will unveil a raft of potential investment projects to would-be investors – will bring in some $20 billion worth of investments. More»
Amwal Al Ghad English - 2015-03-02 09:31:02
France's Orange and Italy's telecom operator Telecom Italia have been discussing a possible alliance between the former monopolies, Orange's chief executive told the Journal de Dimanche. "There are no negotiations ongoing just exchanges of points of view between the two management teams," said Orange's CEO Stephane Richard. "It would be an attractive European consolidation opportunity." A spokesman for the heavily indebted Telecom Italia said there had been no talks over a possible tie-up with Orange. A period of consolidation has been underway in the European telecoms sector for the past two years as companies from Vodafone to Hutchison seek to bulk up to compete and serve smartphone-toting customers with ever-faster broadband speeds. The spate of deals so far have taken place within national markets and not across borders because the former create rapid and large cost savings. But European policy makers hope that eventually the emergence of regional champions will occur via cross-border consolidation. Richard seemed confident Orange would be able to convince the French government, which has a 25 percent stake in the operator, of the value of a cross-border deal. "The state will agree to slightly loosen its grip for Orange to do a major transaction," he told the weekly newspaper. A spokesman for Orange did not immediately return a request for comment. More»
Amwal Al Ghad English - 2015-03-02 09:15:47
China’s Huawei Technologies Co. added its name to an increasingly crowded field of smartwatch makers, just weeks ahead of Apple Inc.’s rumored entry into the market. The company says it plans to stand out by making watches that actually look like watches, not like gadgets. In a presentation Sunday, Richard Yu, the head of Huawei’s consumer division, offered unflattering reviews of the existing smartwatches from Samsung Electronics Co. 005930, +4.86% , LG Electronics Inc. 066570, -2.10% and the upcoming Apple Watch. A corporate video shown at the Huawei event put it simply: “First of all, it has to look like a watch because a watch is a watch.” Mr. Yu shrugged off any concerns about the Apple Watch, noting that both Huawei and Apple AAPL, +0.12% were jumping into the race at about the same time. “For the smartwatch, Apple is also just in the beginning,” he said. “We think we can do better.” More»