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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        Canal Shipping Agencies   7.39        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        Egyptian for Tourism Resorts   0.69        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        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 - 2018-04-26 13:19:13
French telecoms company Orange reported its first quarterly profits in Egypt in 12 months on Thursday, buoyed by 3.29 billion Egyptian pounds ($186.1 million) in consolidated sales. Earlier, Orange’s sales in Egypt recorded 3.06 billion during the first quarter of 2017. The company has turned this quarter to profit, posting a consolidated net profit after tax worth 15.9 million pounds versus loss of 300.6 million pounds in the same comparable period. More»
Amwal Al Ghad English - 2018-04-26 10:00:06
Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.The world’s biggest maker of memory chips, smartphones and television sets also flagged softer demand for smartphone OLED panels as a challenge for the second quarter, while its cash-cow chip business should remain strong. “Generating overall earnings growth across the company will be a challenge due to weakness in the display panel segment and a decline in profitability in the mobile business amid rising competition in the high-end segment,” the South Korean giant said in a statement. Samsung Electronics shares were up 2.7 percent as of 0412 GMT, while the KOSPI benchmark share price index .KS11 was 1.3 percent higher, as investors shrugged off concerns about the smartphone market and seized on the outlook for memory chips. More»
Amwal Al Ghad English - 2018-04-25 09:14:22
Apple CEO Tim Cook will meet President Donald Trump Wednesday, according to an official schedule released by the White House. The meeting is scheduled for 1.45 p.m. Washington, D.C., time. It will be closed to the press. There was no agenda for the meeting posted or hints towards what could be discussed. An Apple spokesperson was not immediately available for request. The meeting comes at a time of heightened trade tensions between the U.S. and China with technology caught up in the spat. Both countries have proposedimport tariffs on each others' products, but the U.S. has been tough on Chinese technology firms. For example, the government banned U.S. firms from providing technology to Chinese firm ZTE. More»
Amwal Al Ghad English - 2018-04-24 15:24:54
France’s state-backed telecom group Orange has named Yasser Shaker as chief executive for Orange Egypt effective on May 1, 2018. Yasser Shaker is a well-recognised engineer who has been playing a significant role in the technology sector for over 20 years, according to a statement by Orange Egypt. Shaker previously served as senior vice president of CTIO Orange Middle East and Africa (OMEA) where he contributed to the successful execution of Orange Group strategy towards the development of the digitalisation in 19 countries. Prior to that, Yasser was the Chief Technology Officer of Orange Egypt. “As a member of OMEA Executive Committee, he was one of the key contributors to OMEA growth and success in the recent years. He will be leading Orange Egypt’s team aiming at accelerating the country’s digitalization with full support from Orange Group.” the statement read. More»
Amwal Al Ghad English - 2018-04-24 07:20:26
Popular ride-hailing app Careem announced in a statement on Monday that it discovered a hack into its data system in January 2018 that had compromised the names, email addresses, phone numbers and trip data of customers and drivers. The statement, which was released on Careem's social media accounts and sent to customers and drivers via email, said the company's investigation found no evidence to suggest credit card data or passwords had been accessed. As a precaution, however, the company advised users to change their passwords. "On 14 January of this year [2018], we [Careem] became aware that online criminals gained access to our computer systems on which hold customer and captain [driver] account data," the company announced. Careem added that it launched a thorough investigation and enlisted leading cybersecurity experts to strengthen its security systems. The company has not announced which countries or areas were affected, but stated that it was cooperating with law enforcement agencies seeking to determine the culprit. "Customers' credit card information is kept on an external third party PCP-Compliant server," the statement read, adding that the server implements highly secured protocols and is used international banks to protect financial information. Careem is currently operating in several areas of Egypt, including Cairo, Alexandria, Mansoura, Damanhour, Sharqiya, the Red Sea’s El-Gouna and the Mediterranean North Coast. More»
Amwal Al Ghad English - 2018-04-23 15:11:41
Egyptian start-up that connects commuters with private buses in Cairo, Swvl announced Monday a $8 million series A funding. The funding is led by regional venture fund BECO Capital, alongside Africa-based investor DiGAME and global VC fund Silicon Badia. Raed Ventures, Arzan VC, Oman Technology Fund, and chairman of EDventure Holdings Esther Dyson also participated in the round, which is Egypt’s largest round of funding yet. “The $8 million round is the biggest round of funding for a tech start-up in Egypt and one of the biggest rounds in the Middle East.” Moustafa Kandil, co-founder and CEO of Swvl, said. “With this funding, Swvl aims to solidify its position in Egypt and establish the company as a global leader in the affordable smart mobility space, offering fixed routes for a fixed flat fare at prices that are up to 80 percent cheaper than on-demand ride-hailing services.” Kandil added. “We’re trying to build our own version of public transportation, that’s smarter basically,” Kandil said, who’s now 25 and earned a spot on Forbes Middle East’s 30 under 30 ranking; along with Mahmoud Nouh and Ahmed Sabbah, his co-founders. According to Nouh and Sabbah, “Swvl intends to invest 300 million Egyptian pounds in the local market in the upcoming 3 years to empower as many micro-entrepreneurs as possible in Egypt and the region and to become one of the biggest job creators in the country.” Swvl plans to expand beyond Egypt to other emerging markets across the Middle East, South East Asia and Africa region within 2018. Kandil also gladly announced that Esther Dyson will be joining Swvl’s board of directors, on behalf of DiGAME; along with Dany Farha the CEO and co-founder of BECO Capital and the co-founder of Esther was previously on the board of Yandex, which recently formed a joint venture with Uber Russia. Swvl is a product that emerges from a double-sided problem. On the demand side, nearly 25 million Egyptian daily commuters, a quarter of the country’s population, are torn between two extremes: expensive on-demand ride-hailing services and less than reliable and inconvenient public transportation. This is coupled with a supply-side opportunity where the economic turndown in Egypt has limited the purchasing power of an aspirational middle-class and, simultaneously, generated a wealth of untapped private infrastructure. With the market finally ready for new transportation disrupters, lifted up by the success of Uber and Careem, and consumers looking for more inclusive and more affordable solutions. Swvl closes this gap by providing an alternative that is more reliable and convenient than public transportation yet cost competitive. In under a year, the company grew to complete hundreds of thousands of rides per month with hundreds of buses in its network along 200 routes in Cairo and Alexandria. Customers are a mix of university students and corporate employees with a large portion of women commuters, who want to avoid harassment on public transportation. Eventually, Swvl aspires to cater to all customer segments by building out their network, optimization, and differentiated product offerings. “We try to solve all of our problems with technology,” says Kandil. Swvl widens access to new commuting solutions and, ultimately, seeks to re-model public transportation beyond Cairo and Alexandria and into other emerging markets. This year, the company has plans to solidify its position in Egypt and expand into emerging markets across the Middle East, South East Asia and Africa region with inadequate public transportation infrastructure that have embraced on-demand ride-hailing. UN reports on key trends in urbanization indicate that by 2030, 60 percent of the planet’s residents will be living in cities, creating a previously unknown demand for commuting services, and a $5.4 trillion economic opportunity. More»
aya salah - 2018-04-22 10:21:24
Apple's iPhone X is likely to be discontinued this year if earnings from one of the company's top suppliers is anything to go by, according to an analyst. Taiwan Semiconductor Manufacturing, or TSMC, the world's largest semiconductor foundry company, revised its full-year revenue target to the low end of its forecast. Shares in the company closed 6.3 percent lower on Friday. One of the biggest concerns for Neil Campling, the co-head of the global thematic group focusing on technology at Mirabaud Securities, is the oversupply of chips. This "has never been higher," according to Campling's note to clients Thursday. His firm has tracked inventory data at TSMC for over a decade. The chipmaker's current situation could give investors concerns over AMS, Apple's key supplier of 3-D sensing technology in the iPhone X. The 3-D sensors are key for the Face ID feature that lets you unlock the device by looking at it. More»
Amwal Al Ghad English - 2018-04-19 17:22:37
If a new European law restricting what companies can do with people’s online data went into effect on Friday, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smaller. Facebook members outside the United States and Canada, whether they know it or not, are currently governed by terms of service agreed with the company’s international headquarters in Ireland. Next month, Facebook is planning to make that the case for only European users, meaning 1.5 billion members in Africa, Asia, Australia and Latin America will not fall under the European Union’s General Data Protection Regulation (GDPR), which takes effect on May 25. The previously unreported move, which Facebook confirmed to Reuters on Tuesday, shows the world’s largest online social network is keen to reduce its exposure to GDPR, which allows European regulators to fine companies for collecting or using personal data without users’ consent. That removes a huge potential liability for Facebook, as the new EU law allows for fines of up to 4 percent of global annual revenue for infractions, which in Facebook’s case could mean billions of dollars. The change comes as Facebook is under scrutiny from regulators and lawmakers around the world since disclosing last month that the personal information of millions of users wrongly ended up in the hands of political consultancy Cambridge Analytica, setting off wider concerns about how it handles user data. The change affects more than 70 percent of Facebook’s 2 billion-plus members. As of December, Facebook had 239 million users in the United States and Canada, 370 million in Europe and 1.52 billion users elsewhere. Facebook, like many other U.S. technology companies, established an Irish subsidiary in 2008 and took advantage of the country’s low corporate tax rates, routing through it revenue from some advertisers outside North America. The unit is subject to regulations applied by the 28-nation European Union. Facebook said the latest change does not have tax implications. More»
Amwal Al Ghad English - 2018-04-19 12:11:09
Orange Egypt CEO Jean March Harion has resigned from the telecoms company, to join Polish telecoms operator Play Communications. “After working in five countries on three continents with Orange, I am proud to announce that I have been appointed today as the new CEO of Play, in Poland. I am excited to become a member of Play team!” Harion said in a tweet on Wednesday. Orange Egypt confirmed that news on Thursday in a bourse filling saying a board meeting is due on April 24 to select a new CEO. The current chief executive of Play Communications, Jorgen Bang-Jensen, will stay on until Harion takes over on August 1, Play said in a statement late on Wednesday without giving a reason for Bang-Jensen’s departure. With over 25 years of experience in the telecommunications sector, Harion spent in leading positions in the sector and achieving numerous successes in many countries in the world. In 2016, Jean Marc Harion was the Orange Egypt’s CEO. Before that he served as CEO of Orange Belgium, as well as CEO of Orange Dominica. Harion's prior experience includes a wide-range of position across the entire Orange Group, which includes the post of VP of the French Business Development for Communications in New York, USA. He also served as vice president of the commercial sector in Orange France in Paris and director of operations and data services for Orange group in London. More»
Amwal Al Ghad English - 2018-04-15 10:56:23
Apple’s past several days have been marked by two things: new iPhone and talk of HomePod sales disappointing. The tech giant on Monday unveiled the new red iPhone 8 and iPhone 8 Plus. The handset is part of a (PRODUCT)RED lineup of devices from Apple that makes donations to fight AIDS. But while Apple was trying to celebrate that release, a Bloomberg report surfaced, saying the company has been disappointed by HomePod smart speaker sales and has cut its forecasts. To pile on, a judge this week awarded a long-time Apple patent foe, VirnetX, a $502 million cash windfall.Apple has reportedly responded to these sluggish sales by cutting some orders with one its Homepod contract manufacturers. The lower-than-expected interest has also resulted in excess inventory at Apple Stores, with some locations selling fewer than ten units a day, according to Bloomberg. More»