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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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        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        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        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 - 2017-06-28 18:53:37
U.S. President Donald Trump has chosen his latest victim in a Twitter tirade — Amazon, apparently, this was not a new target for Trump either. Trump tweeted Wednesday morning that Amazon wasn't "paying internet taxes (which they should)." The president also references The Washington Post, which is owned by Amazon's CEO, Jeff Bezos, in his tweet. On Tuesday, the publication put out a story saying a fake issue of Time magazine with Trump on the cover was hanging in some of the president's golf clubs. "[T]he cover on display at Trump's clubs, observed recently by a reporter visiting one of the properties, contains several small but telling mistakes," the Post wrote. A spokeswoman for Time later confirmed with the Post that the cover wasn't real. Aside from attacking the Washington-based publication directly, Trump harshly criticized Amazon during his campaign, saying the e-commerce giant operated a monopoly with an unfair tax shelter that's somehow propped up by Bezos' ownership of the Post. During one campaign rally in February 2016, Trump told the crowd: "If I become president, oh [does Amazon] have problems. They're going to have such problems." He added that Bezos only bought the Post to have "political influence." Trump is now calling out Amazon for avoiding so-called internet taxes, what was once a much larger and controversial issue for the e-retailer. A representative from Amazon did not immediately respond to a request for comment. However, as pressure built in individual state houses, Congress and courts to allow states to require retailers to collect the tax on out-of-state sales and pass it on to state governments, Amazon has accelerated changes in its tax policy. Starting April 1 this year, Amazon began collecting sales tax nationwide, calming much of the prior controversy. So it remains unclear what Trump was referencing when he accused Amazon on Wednesday morning of not paying "internet taxes." In general, online retailers fall under two different tax systems today — retailers located out of state pay no sales tax, while those with some type of link to the state must pay it. Amazon having distribution centers in certain states, but not others, had put the company in a tricky spot. "This is a personal thing. ... He's going after Jeff," Gene Munster, co-founder and managing partner of Loup Ventures, told CNBC's "Squawk on the Street." "It's all about personal vendetta against The Washington Post." But Munster added that Amazon shouldn't be impacted by this in the slightest way. "Bezos is just going to double down ... [he] doesn't have anything to worry about." Everyone knew the increase in sales taxes was coming, for example, so this shouldn't impact unit growth for Amazon at all, Munster said. Meanwhile, Bezos hasn't been shy about his anti-Trump views either. At one point during the election, Bezos tweeted that he'd save a seat for Trump on his Blue Origin spacecraft, with the hashtag "sendDonaldtospace." At another time, he called out Trump's attempts to intimidate the press. Just last week, Bezos, among other tech CEOs, attended a meeting with the president in the White House, where executives discussed key issues impacting Silicon Valley, like tax reform. Amazon shares inched down less than 1 percent after Trump's tweet Wednesday morning. More»
Rana Mahmoud - 2017-06-22 14:46:13
Intel Corporation’s ex managing director in Egypt and Levant is planning to create a new communications and information technology startup in Egypt before the end of the current year. Samy El Mallah further told Amwal Al Ghad on Thursday that the new startup would keep up with technological developments globally, to include internet of things (IoT), big data, and cloud computing. El Mallah has recently resigned from Intel after serving as managing director in Egypt and Levant for two years. Before joining Intel in 2008, he was country manager for Raya Algeria, prior to this he directed project management organization delivering large scale IT system integration projects in Egypt. From 1999 to 2000, El Mallah directed Siemens Egypt, where he was implementing nationwide fixed telecommunications networks. More»
Amwal Al Ghad English - 2017-06-22 10:08:47
Telecom Egypt (TE) said Thursday that its board of directors has approved conditions for a syndicated loan worth 13 billion Egyptian pounds and to appoint the National Bank of Egypt (NBE) as a loan agent for the loan. The board agreed to authorise the company’s chairman and CEO to complete the procedures with the banks participating in the loan, namely Commercial International Bank – Egypt (CIB), QNB AlAhli Bank, Banque Misr, and Crédit Agricole, according to a bourse filing. Furthermore, the board approved to amend Article 21 of the company’s statute. The proposal will be submitted to the extraordinary general meeting (EGM) for discussion. More»
Amwal Al Ghad English - 2017-06-22 07:26:44
The head of Careem operations in Egypt, Ramy Kato, said that his company is planning to expand in six governorates by the end of 2017. This will raise the total number of governorates in which the private transportation network company is operating to 16, he noted. Careem aims at expanding to Damietta, Port Said, Ismailia, Suez, Minya, and Asyut, Kato added. The company is currently operating in Cairo, Alexandria, Mansoura, Tanta, Damanhour, Hurghada, Zagazig, Banha, El Mahalla, and Kafr El Dawwar. In April, the Egyptian Cabinet approved a law regulating passenger transport services by private cars. The government will allow companies operating in this field, such as Uber and Careem, a six-month period for reconciliation, Hossam Abd El-Rehem, the minister of justice said at the time. According to the minister, the new law consists of 23 articles, and it aims at providing a legislation that organised and regulates passenger transportation through private cars using information technology. Ghada Wali, the minister of social solidarity, previously revealed that the new law will compel companies such as Uber and Careem and others to pay taxes, and social insurance. More»
Amwal Al Ghad English - 2017-06-21 17:24:36
Egypt's telecoms operators received on Wednesday the wireless frequencies needed to deliver 4G mobile broadband networks, a key move in the long-delayed introduction of high-speed telecoms services. Egypt sold four 4G licences in 2016 as part of a long-awaited plan to reform the telecoms sector and raise dollars for stretched government finances. "The authority has sent a letter assigning the frequencies to telecommunications companies today," an official at the National Telecom Regulatory Authority has told Reuters. The country's three mobile operators - Vodafone Egypt, Orange, and Etisalat - acquired licences. Orange Egypt agreed to a provision that half the licence fee be paid in dollars. "The companies will redistribute the frequencies in preparation for offering the service commercially in the market within two months," said the official on condition of anonymity. Egypt's state-owned landline monopoly Telecom Egypt said in July 2016 it would offer 4G services within a year of obtaining frequencies. More»
Amwal Al Ghad English - 2017-06-21 09:44:40
Uber co-founder Travis Kalanick has resigned from his position as chief executive of the $68bn ride-hailing app following six months of scandal. Kalanick stepped down in the face of pressure from five of Uber’s largest investors, according to the New York Times. Kalanick will, however, stay on the company’s board. “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement to the New York Times. More»
Amwal Al Ghad English - 2017-06-21 07:26:58
Vodafone Egypt is planning to pump investments worth two billion Egyptian pounds into expansion operations in Egypt within 2017, said external affairs and legal director Ayman Essam said Tuesday.Egypt's Investment and International Cooperation Minister Sahar Nasr said that a number of UK firms expressed their desire to raise their investments in the country within the coming period. Egypt also plans to attract investments of $13 billion within the financial year 2017/2018. More»
Amwal Al Ghad English - 2017-06-20 13:18:30
Xerox Corporation acquired a 75 percent share of Egyptian market of printers, compared to 63 percent last year, a recent report released by the International Data Corporation (IDC) latest market showed on Monday. Xerox depends on the graphics sector to enhance its share in the Egyptian market. The graphics sector represents 40 percent of the company's' business volume. The company made contracts with 200 customers including hospitals, medical centres s, and radiology centres which use Xerox's printers and digital films instead of using high-cost traditional films."The company is keen on providing after-sales service to all its customers in Egypt by depending on qualified engineers specialised in digital printing in order to keep up with the customers' aspirations regarding the high-quality printers offered by Xerox", said Ashraf Natan the general manager of graphics at Xerox. More»
Amwal Al Ghad English - 2017-06-20 10:39:49
Egypt has achieved a high ranking in the 2017 Global Cybersecurity Index, ranking 14th out of 165 countries and second among the Arab countries, Egyptian Ministry of Communications and Information Technology said Sunday. The new report highlights advances in Egypt's cybersecurity efforts, ranking it above nations such as Germany, Switzerland and Israel. Within the region, Egypt came second only to Oman, beating high-tech competitors such as Qatar and the United Arab Emirates. According to the report, Egypt has "a full range of cooperation initiatives" relating to cybersecurity and "a number of bi-lateral and multilateral agreements". Among its international activities, says the report, Egypt is a member of the UN Government Group of Experts (GGE) on cybersecurity. Globally, however, Egypt comes after Singapore, United states, Malaysia, Australia, France, Canada, United Kingdom, Russia, Japan and Korea. The index was first launched in 2014 to help foster a global culture of cyber-security and its integration at the core of information and communication technology (ICT). It is issued by the International Telecommunication Union (ITU), in cooperation with a range of partners, including the National Telecom Regulatory Authority (NTRA) in Egypt and the European Commission's Joint Research Centre. The index is based on a survey that measures the commitment of member states to cyber-security in order to raise awareness. It revolves around the ITU Global Cybersecurity Agenda (GCA) and its five pillars: legal, technical, organizational, capacity building and cooperation, according to the ITU website. Among the key concerns relating to cybersecurity is the ability of hackers, whether independent or linked to a state, to gain access to IT systems and either steal data or somehow compromise the system. "In May 2017, a massive cyberattack caused major disruption to companies and hospitals in over 150 countries, prompting a call for greater cooperation around the world," said Brahima Sanou, director of ITU, in the foreword to the report. According to the Egyptian ministry's statement, the ICT, financial and government sectors in Egypt receive support from the Egyptian Computer Emergency Readiness Team (EG-CERT), established by NTRA in April 2009 to help tackle cybersecurity-related threats. EG-CERT is planning for additional laboratories for mobile cybersecurity and industrial control systems, the ministry said. According to the ministry's June 2016 report on Information and Communications Technology Indicators , there are 29.8 million internet users in Egypt. The World Bank's 2015 world development indicator stated that about 43 percent of the world population has internet access, and 208,712 in every one million people use secure internet servers, which help provide protection from internet hackers. More»
Amwal Al Ghad English - 2017-06-18 14:41:15
Architect Dalia Sadany, the creative mind behind Trend Micro’s flagship office in Egypt, has won a prestigious A' Design Award and Competition, in the Interior Space and Exhibition Design Category. As the world’s largest design competition, A’ Design honors the best designs, design concepts, products and services around the globe. Trend Micro, a global leader in cybersecurity solutions headquartered in Japan, is located in the Greek Campus of the American University of Cairo, in an area that houses some of the most prestigious buildings in downtown Cairo. The Trend Micro office was designed to be more than just a functional office space as it also acts as a training center for recent university graduates. The essence of the design was to combine functionality and the energetic influence required for the educational hub, while reflecting Trend Micro’s position as a global technology company. “Trend Micro’s commitment to Egypt goes beyond supporting its customers and fighting cybercriminals to make the world safer to exchange digital information. With our student program, we are investing in the future of the country, and we aim to positively influence the coming generations,” said Keith Foster, Senior Director of Strategic Projects for Trend Micro. “To attract talent, we believe the right working environment is important too. Working with Dalia Sadany has been an absolute delight. She has created a perfect environment for Trend Micro, and for the students. From the beginning, she understood our needs, and saw the importance of a project close to the heart of everyone involved. She has created an iconic office for us, and something that has opened a new chapter for Trend Micro.” Foster continues: “With this program and this great new office space, we want to give the Egyptian youth the chance to prove that they can excel. Our education initiative for students that show talent and enthusiasm for IT security is fully aligned with the country’s strategy to empower young professionals. The goal is to prepare them for high-demand jobs in information technology and support the country’s transformation program to a digital economy.” “As an architect and a designer, I seek perfection, and this project is very close to my heart as I knew that my designs would affect the students and could change their way of thinking about educational premises,” commented Sadany. “They all deserve that kind of architectural attention to their mental welfare as it will eventually reflect on their future. The Trend Micro office needed its aesthetic design to fulfil its mission to positively influence youth. Working with Trend Micro has been an absolute pleasure. I was encouraged by the extreme support and belief from the company’s President and senior leadership team who came from around the world to witness the opening of this office.” The design elements of the office include the use of broken lines and the manipulation of space to create a futuristic working and studying environment. The office also features a lot of glass and mirrors that have been used to augment sunlight, while a glass bridge offers a grand view of the entire office, all the way to the entrance. The building itself is a very distinctive, bold, industrial, utilitarian structure, with metal Islamic-influenced window covers. It also has an elaborate and abstract version of the traditional lattice-work “Mashrabeyia,” all combining to craft an iconic look. The new office also blends the landscape, intentionally bringing the outdoors inside to make people using the place feel that they are very close to nature to break the traditional feeling of being inside an office. Designs were also intentional, allowing the water for the irrigation system to be heard, thus accentuating the effect of nature to the auditory and visual senses. More»