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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        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 - Internet News

Amwal Al Ghad English - 2013-11-21 07:49:04
Google Inc (GOOG.O) will offer a prepaid debit card that will allow consumers to purchase goods at stores and to withdraw cash from ATM machines, the Internet company said on Wednesday. The card, which is only available in the United States, lets consumers access the funds stored in their Google Wallet accounts. Google Wallet is a smartphone app and online payment service that lets consumers buy goods and transfer money to each other. The new Wallet card will be accepted at "millions of locations" that accept MasterCard and at ATM machines, Google said in a post on its official blog on Wednesday. Google said the card is free and that the company will not charge cardholders any monthly or annual fees. The card could help advance Google's efforts to play a bigger role in commerce and provide the company with valuable information about consumer shopping habits, though it appears to be less ambitious than the full-fledged credit card once rumored to be in the works. More»
Amwal Al Ghad English - 2013-11-20 08:00:15
Yahoo Inc said it has increased its share repurchase authorization by $5 billion and that it planned to offer $1 billion in convertible notes. Shares of Yahoo increased 1.6 percent to $35.17 in after hours trading on Tuesday following the announcement. Yahoo has aggressively repurchased its common stock in recent quarters using cash obtained from selling a portion of its stake in Chinese e-commerce giant Alibaba Group. In the first nine months of 2013, Yahoo spent $3.1 billion on share buybacks. The buybacks have helped boost Yahoo's shares roughly 74 percent this year, even as the Web portal's revenue growth has remained stagnant amid competition from Facebook Inc, Google Inc and Twitter Inc. Yahoo said the convertible notes will be due in 2018, with interest payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2014. The interest rate and other terms of the senior unsecured notes will be determined at the time of pricing Yahoo said. The company also intends to grant the initial purchasers of the notes the right to buy an additional $150 million in notes. More»
Amwal Al Ghad English - 2013-11-14 09:21:10
JPMorgan Chase & Co canceled a question and answer session on Twitter with a veteran investment banker after being flooded with insults, highlighting the risks companies take as they experiment with social media marketing. "Bad idea! Back to the drawing board," spokesman Brian Marchiony said by email on Wednesday evening after the event with bank executive Jimmy Lee was called off. JPMorgan last week asked users of the popular microblogging site to send questions marked with the hashtag #AskJPM in advance of the session set for Thursday at 1 p.m. in New York. Few questions appeared until Wednesday afternoon when responses started piling in. Some users simply made fun of the bank's attempt to use social media, but many others chose to insult executives or ask barbed questions about bank's recent legal problems and corporate responsibility. More»
Amwal Al Ghad English - 2013-10-31 06:29:48
Facebook Inc posted strong growth in its mobile advertising business on Wednesday but rattled investors after saying that it did not plan to boost the frequency of ads shown to users. Shares of the world's No. 1 online social network soared as much as 15 percent in extended trading before suddenly falling to $47.40, down 3 percent from its $49.10 close. The stock settled at $49.16. In July, Facebook said it was showing one ad per 20 stories in the newsfeed, but Chief Financial Officer David Ebersman told analysts Wednesday that the current ratio, although slightly higher than 5 percent, would not increase much more going forward. Ebersman's comments, combined with remarks suggesting that young teenage users in the U.S. were beginning to use Facebook less frequently, soured the mood abruptly on an afternoon when the company topped Wall Street's targets with a whopping 60 percent increase in revenue, driven by its accelerating mobile business. More»
Amwal Al Ghad English - 2013-10-30 08:31:31
Twitter was born in 2006 as a stream of SMS text messages. Before going public in 2013, it's now reveling in images. The company tweaked its design Tuesday to favor image- and video-sharing by showing visual media directly within the Twitter timeline. Users previously had to click on a tweet to view the embedded multimedia. Although the change does not affect the basic mechanics of how content is shared, it will likely alter the feel of Twitter, which long clung to its roots as an 140-character, text-based service invented in an era before smartphones existed. As Twitter prepares to go public in a matter of weeks, the change will also present Twitter's advertisers with more opportunities to get attention-grabbing ads in front of users - leading to more revenue for the company. Twitter has long acknowledged that pictures and video are some of the most often shared content in social media. More»
Amwal Al Ghad English - 2013-10-30 08:17:07
The estimated number of Egyptian Internet users has grown by around 15 percent, reaching some 36 million in June this year, compared to 31.21 million during the same period last year, according to the latest data released by the Ministry of Communication and Information Technology. Out of a population of some 85 million (according to official figures by state-run statistics body CAPMAS), this brings internet penetration to 43 percent at the end of quarter two, compared to 38 percent the year before. Mobile subscriptions in Egypt reached 96.8 million during the same period of 2013, a 4.7 percent increase compared to the 92.4 recorded in June of the previous year. This brings the mobile penetration rate in the country to some 116 percent, compared to 113 percent a year earlier. The data confirmed Egypt's move away from landline services in favour of cellular phones, as fixed-line penetration declined to 8.5 percent in June, down from 10.7 percent the previous year, and mobile subscriptions accounted for 93 percent of total telephone service subscriptions in June 2013. More»
Amwal Al Ghad English - 2013-10-27 08:23:13
The New York Stock Exchange on Saturday did a test run of Twitter's highly anticipated market debut, as it seeks to avoid the types of problems that plagued Facebook's initial public offering on rival Nasdaq. The Big Board, run by NYSE Euronext, regularly does systems testing on the weekends, but this was the first time it had run a simulated IPO, and it did so at the request of its member firms - many of whom took part in Facebook's 2012 IPO on Nasdaq OMX Group's main exchange. The NYSE was testing mainly for two things: To see if its systems could handle the amount of message traffic that might be generated by the IPO; and to make sure that once the IPO took place any firms that placed orders would promptly receive the reports telling them that their orders had been executed. It can also be seen as part of NYSE's struggle with Nasdaq for supremacy in technology listings. Both exchanges vied to be home to Twitter's stock, and many analysts said the trading disruptions that occurred on Facebook's Nasdaq debut likely played to NYSE's favor, as it tries to become the destination of choice for technology listings, something Nasdaq once dominated. Twitter, which intends to sell 70 million shares at between $17 and $20 each, will be holding the biggest Internet IPO since Facebook, which sold a much larger 421 million shares at $38 each. Twitter is expected to start trading as early as November 7. More»
Amwal Al Ghad English - 2013-10-26 07:31:33
The total value of the claims that market makers can recover after suffering losses due to Nasdaq OMX Group Inc's botched handling of Facebook Inc's initial public offering is $41.6 million, the exchange operator said Friday. The claims figure, which was calculated by Wall Street's industry-funded watchdog the Financial Industry Regulatory Authority, falls short of the $62 million that Nasdaq had initially set aside to repay brokerages that lost money. Nasdaq said the figure is lower in part because some claims did not qualify for compensation under its plan. The main reason for the lower figure, however, was because one firm opted to try to recover funds through arbitration. The announcement did not name the brokerage, which was UBS AG. UBS has pegged its losses from the glitch-ridden IPO at $350 million and was vocal in its decision to file an arbitration demand which claimed Nasdaq had violated a contract agreement. U.S. District Judge Robert Sweet, however, blocked the bank's arbitration proceeding over the summer on several grounds, including a determination that the bank's claims did not fall within the scope of the arbitration provision in their services agreement. More»
Amwal Al Ghad English - 2013-10-22 09:30:29
Google Inc will begin to shield news organizations and human rights groups from cyberattacks as part of a new package of services designed to support "free expression" on the Web, the internet giant said Monday. At a presentation in New York, the company also unveiled a new technology called uProxy that allows citizens under some regimes to bypass government censorship or surveillance software to surf the Web. The software will be available for Google's Chrome browser and Firefox but not for rival Microsoft Corp's Internet Explorer, at least initially. The world's No. 1 search engine presented the two services - as well as a new map that highlights cyberattacks taking place around the world in real time - as some of the most significant software products to emerge from Google Ideas, a think-tank established by the company in 2010. Known for its "Don't Be Evil" corporate motto, Google has a well-established reputation for resisting authorities around the world who seek to censor its Web properties, including YouTube and Blogger. But the formation of the Ideas group, which the company advertises as a "think/do tank" headed by Jared Cohen, a former U.S. State Department official, has raised the possibility of the company playing a more active role in furthering U.S. policy. More»
Amwal Al Ghad English - 2013-10-20 13:40:37
Retired schoolteacher Donald Hovasse signed up for Twitter about a year ago at the urging of his daughter. He lost interest after trying the service a few times and finding lots of celebrities but few of his friends using the online social network."I didn't really get the point of it at all," said the Las Vegas resident. "Most of them were people I wasn't interested in hearing what they had to say anyway." He said, however, that he does check Facebook every day to see what his friends are up to. Hovasse's experience highlights a risk for investors as Twitter Inc marches towards this year's most anticipated initial public offering in the United States, expected to begin trading on the New York Stock Exchange in mid-November. According to a Reuters/Ipsos poll, 36 percent of 1,067 people who have joined Twitter say they do not use it, and 7 percent say they have shut their account. The online survey, conducted October 11 to 18, has a credibility interval, a measure of its accuracy, of plus or minus 3.4 percentage points. In comparison, only 7 percent of 2,449 Facebook members report not using the online social network, and 5 percent say they have shut down their account. The results have a credibility interval of 2.3 percent. More»