amwalalghad :: Tech news

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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 - 2017-03-23 11:51:25
One number stood out in internet services company Tencent's latest earnings report, which revealed overnight in China. The company, known for its messenger app WeChat, revealed that its social media platforms are growing faster than rival Facebook in terms of monthly active users numbers, or MAUs. Between WeChat and payment platform Weixin — also owned by Tencent — MAUs reached 889 million in 2016, up 28 percent from one year earlier. To put those numbers into perspective, Facebook's MAUs climbed 17 percent in 2016 to 1.86 billion, compared to its largest year-over-year user increase of 25 percent in 2012. When you factor in other platforms owned by Facebook, though, that company is still far ahead. Photo sharing service Instagram, bought by Facebook in 2012, said it added 100 million new users in 2016, driving its total MAUs over 600 million. And that's not all for Facebook Chief Executive Mark Zuckerberg's basket of media companies — Facebook-owned WhatsApp surpassed 1 billion MAUs in February of last year. Tencent said it plans to continue on a fast growth trajectory into 2017, by adding more services within its branded social platforms and by expanding smartphone game offerings. This quarter, Tencent solidified its position as the leading game company globally, CEO Ma Huateng said. Like Facebook, Tencent has diversified its service offerings outside of social media and chat apps. The Chinese internet services company has a gaming segment, a news distribution platform, exclusive video content and a music streaming service. On Wednesday, Tencent reported total revenue of $21.9 billion for the fiscal year 2016, up 48 percent year from one year ago and its biggest increase since 2012. More»
Amwal Al Ghad English - 2017-03-23 10:51:44
US-based incorporated online shopping major Amazon, after initial hesitation and resistance, has finally agreed to carry out a complete acquisition of UAE-based e-commerce site Souq.com. Reportedly, 78 percent of all online shopping in the Middle East and North Africa is on Souq’s e-commerce site. Souq was valued at $1 billion, after raising $275 million from investors like Standard Chartered Bank. After a dispute over the price demanded – nearly $1 billion – stalled discussions in January, Amazon came around once again in order to explore the opportunity. Also part of the initial discussion was Indian unicorn Flipkart, which had also opted out of the deal. In the running until much later were other prominent entities, like the mall operator Majid Al Futtaim, which also eventually pulled out of the race after being outbid. A report in The National confirms that Amazon has finally shaken on this deal. The company has also previously been backed by Tiger Global Management and South Africa’s Naspers Ltd. As of now, Souq has 8.4 million products on offer, after adding books and groceries on to its marketplace. Upon usurping Souq, Amazon now faces the most formidable threat from noon.com – which is also worth $1 billion, and was set to launch in January housing 20 million products, but has faltered on its timeline and is yet to go live. Noon is backed by Emirati billionaire Mohamed Alabbar and the Saudi Public Investment Fund. Closer home, India clocked around $14-14.5 billion in e-commerce sales in 2016, and Amazon had just about managed to trump the sales of key competitors in Indian e-commerce, Flipkart and Snapdeal, for a few months. However, reports have surfaced as recently as this morning that Flipkart and Alibaba-backed Paytm are in advanced-level talks with Snapdeal, for a possible acquisition. This deal, if sealed, will create a formidable front that will be hard to infiltrate for Amazon. It remains to be seen if Amazon is perturbed by these rumours, and whether it will also join the acquisitions race in order to topple competitors. Many analysts are calling India a crucial litmus test for Amazon, in order to establish itself as a contender in non-traditional markets outside of North America and Europe – especially after being defeated in the Chinese market by the defending champion, Alibaba Group. This has been confirmed by Amazon spokespersons, according to this Mint article, who admit that India is a key market and is the fastest growing in their cohort of countries, which is why Amazon is open to pumping in lofty dollars in order to establish and further expand their claim. More»
Amwal Al Ghad English - 2017-03-23 07:48:19
Japan's Fujitsu Ltd and China's Lenovo Group Ltd will postpone plans to integrate their personal computer operations until next month or later, Japanese public broadcaster NHK reported Thursday on its website. The two companies had been in advanced talks and were aiming to reach a deal by the end of this month, but negotiations are taking time, NHK reported. NHK quoted Fujitsu as saying there was no impact on the integration plans. More»
Amwal Al Ghad English - 2017-03-23 07:39:08
Shares of Snap jumped nine percent on Wednesday after the owner of messaging app Snapchat received a second analyst buy rating following a red-hot public listing this month and with Wall Street skeptical about its lofty valuation. The listing on March 1 was the largest by a technology firm in three years, but trading has been volatile, with many investors critical of lack of profitability and decelerating user growth. Snap's stock was up 7.1 percent at $21.84 early Wednesday afternoon and traders bought call options contracts at the fastest pace since they first became available on March 10, according to options analytics firm Trade Alert. More»
Amwal Al Ghad English - 2017-03-22 09:05:25
Twitter said on Tuesday it had stepped up efforts to rid its social network of posts from users advocating political or religious violence, and was increasingly using software to find them rather than relying on reports from users or governments. U.S. and European governments have been pressuring social media companies including Twitter, Facebook, and Alphabet Google to fight harder against online radicalization, particularly by Islamist groups that advocate violent activity. As part of its semiannual transparency report, Twitter said it suspended some 377,000 accounts during the final six months of 2016 for violations related to promotion of terrorism, a rate of about 63,000 a month. That is up from about 24,000 a month for a comparable period a year ago. For the first time, Twitter noted how many government requests the company receives to take down messages posted by journalists and news organisations. More»
Amwal Al Ghad English - 2017-03-22 09:01:21
With the release of a new video app called Clips, Apple Inc is inching one step closer to fully engaging in the messaging world, where its huge base of iPhone users could help it compete with Snap Inc's Snapchat and Facebook Inc's Messenger. Clips, which will hit Apple's App Store in April, lets customers take videos and add animated captions and titles, complete with colorful emoji symbols. The app also makes it possible to stitch together multiple video clips and add speech bubbles and filters. More»
Amwal Al Ghad English - 2017-03-21 09:18:34
Chery Tiggo is considered one of the most distinct cars in the local market. In response to an invitation by Ghabbour Auto, Daily News Egypt had a test drive of the car to closely get introduced to its performance and strength. Daily News Egypt headed to the company’s headquarters in the industrial zone in Abou Rawash in preparation to drive towards El Fayoum for the test drive, in addition to a two-day test on Ismailia Desert Road and a trip to Ras El Bar. At the beginning, we made sure we tried the Tiggo 2017, as it is one of the strongest Chinese cars in the local market and was able to top the list of the most sold Chinese cars in Egypt, recording sales of 4,529 units in 2016, worth 2.2 billion Egyptian pounds ($121.2 million). More»
Amwal Al Ghad English - 2017-03-21 09:13:52
Google vowed on Tuesday to police its websites better by ramping up staff numbers and overhauling its policies after several companies deserted the internet giant for failing to keep their adverts off hate-filled videos. Google has found itself at the center of a British storm in recent days after major companies from supermarkets to banks and consumer groups pulled their adverts from its YouTube site after they appeared alongside videos carrying homophobic and anti-Semitic messages. Alphabet's Google launched a review of the problem on Friday, apologised on Monday and said on Tuesday it had revamped its policies to give advertisers more control. More»
Amwal Al Ghad English - 2017-03-20 09:33:10
Britain's Vodafone Group (VOD) and Idea Cellular agreed on Monday to merge their Indian operations to create the country's biggest telecoms business in a bid to contest a brutal price war sparked by new rival Reliance. The combined Vodafone-Idea group would have almost 400 million customers, or 35 percent market share, with an implied enterprise value of 828 billion rupees ($12.66 billion) for Vodafone and 722 billion rupees for Idea. "The combined entity will become the leading challenger with the scale to compete more effectively," Idea said in the statement. More»
Amwal Al Ghad English - 2017-03-19 09:12:03
Egypt’s Advanced Computer Technology (ACT) Company posted that it is planning to launch new firm, ACT Holding, before the end of this year. Hazem Mansy, ACT’s head of the marketing department, said Sunday that ACT Holding would include nine affiliates operating in the fields of information technology and communications, with a capital of 200 million Egyptian pounds ($11.1 million). Mansy further added that ACT Holding’s total number of employees would range between 800 and 1,000 in 2020, with an increase of more than 400 employees. More»