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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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

Nayera Eid - 2017-08-19 13:43:40
Egypt’s information technology and communications industry exports rose to $1.78 billion at the end of financial year 2016/2017, said the country’s Communications Ministry body, ITIDA in a recent report. The rise was due to a 50 percent fall in the costs of offering IT services in Egypt following the country’s decision of liberalisation of the Egyptian pound exchange rates against foreign currencies in early November, ITIDA stated. More»
Amwal Al Ghad English - 2017-08-19 09:00:57
Google announced Friday that it will introduce the next version of Android alongside the solar eclipse on Monday. The company already talked a lot about what's coming in this version, which had been known as "Android O" until now as it has progressed through beta testing. One of the biggest changes that has already been discussed is picture-in-picture mode, which will allow users to view movies while doing other tasks, an option already available on Samsung devices. Google typically names its Android releases after desserts (Android N became Android Nougat, for example). The final name is expected on Monday as well. The company will likely first release the next version of Android to its Pixel smartphones. It typically takes months or a year or more for smartphone makers to roll out Android updates to smartphones, so don't expect to see it on your phone right away. More»
Amwal Al Ghad English - 2017-08-19 08:51:51
Alibaba shares are likely to see a 34 percent rally with the company's cloud division driving a "re-rating" of the stock, analysts stated, following strong earnings from the Chinese tech titan. On Thursday, Alibaba reported fiscal first quarter revenue of $7.51 billion, a 56 percent year-on-year rise, helping it to beat market expectations. Strength in the core e-commerce business as well as continued strength in cloud and digital entertainment and media helped the firm. Alibaba has been one of the most-loved stocks by Wall Street with shares up more than 86 percent year-to-date. And it seems that analysts don't think this story is over. A host of brokers raised their price targets for the stock following the results which were substantially higher than the $163.92 it closed at on Thursday. Nomura raised its price target from $170 to $201, Deutsche Bank lifted its one from $201 to $208, while Daiwa Capital Markets expects a handle of $205. More»
Amwal Al Ghad English - 2017-08-16 08:57:52
Telecoms group China Unicom is set to announce on Wednesday funding from Chinese technology firms and other investors, as part of Beijing's push for state-owned enterprises to be revitalized with private capital, two people with knowledge of the matter said. Shares in group firm China Unicom Hong Kong Ltd (0762.HK) were halted from trading on Wednesday pending an announcement. Baidu Inc (BIDU.O), (JD.O), Alibaba Group Holdings (BABA.N) and Tencent Holdings (0700.HK) are among firms set to jointly invest about $12 billion in China Unicom's Shanghai-listed unit, China United Network Communications Ltd (600050.SS), people with direct knowledge of the matter told Reuters last month. The majority of the fresh capital would be raised through new share issues, while China Unicom would also sell part of its stake in the Shanghai unit, the people had said at that time. More»
Amwal Al Ghad English - 2017-08-16 07:37:15
State-owned Telecom Egypt (TE), which has a monopoly on the country's landlines, reported Tuesday a 22 percent growth in its net profit to reach 1,27 million Egyptian pounds during the second quarter of 2017.The company made a 41 percent increase in its second-quarter consolidated revenues of 4,637 million pounds from 3,294 million pounds during the same period in 2016.Chief Executive Officer's Statement: "Our second quarter results demonstrate a continued momentum across the business with revenue growth and improved EBITDA. The company's consolidated revenue grew 41 percent year-on-year to EGP 4,637 million and EBITDA margin of 32 percent ""According to our conservative five year business plan, we expect to grow the Company's service revenues by a 5-year (2018-2022) CAGR of 11 percent, with an increasing contribution from mobile services reaching 16 percent by 2022. The Company's EBITDA Margin is projected to be in the vicinity of mid to high-20s percentage, and a yearly CapEx to revenue ratio averaging 15 percent. "We are confident in our ability to become a Total Telecom Operator, as management continues to perform incredibly well and I am excited about the opportunities ahead for Telecom Egypt." Story provided by More»
Nayera Eid - 2017-08-15 19:35:14
ITIDA, Egypt’s Communications Ministry body, has approved a 40 percent increase in spending on an ICT industry support programme for 2017, government sources told Amwal Al Ghad on Tuesday. The Information Technology Industry Development Agency has made appropriation of 70 million Egyptian pounds ($4 million) for its Export-IT Rebate programme, compared to 41 million pounds for 2016, the sources added. The Export-IT Rebate programme is designated to encourage, promote exports of information technology and communications companies and support them in penetrating key markets. It was first launched in 2010 with the aim of helping Egyptian companies increase their exports from IT products and services and minimising the impact of economic downturn witnessed. Throughout Export-IT 2016 round, around 100 Egyptian ICT firms received 40.88 million pounds. 80 percent of the money were disbursed in favour of micro, small, and medium-sized enterprises; while large corporations obtained the remaining 20 percent of the appropriations, the sources further said. More»
Amwal Al Ghad English - 2017-08-15 09:27:36
Billionaire philanthropist Bill Gates, who has long been the world's richest man, has made his largest donation in 17 years, giving away $4.6 billion worth of shares in Microsoft Corporation. Gates donated 64 million shares accounting for five percent of his overall fortune, according to a Securities & Exchange Commission filing released Monday and first cited by Bloomberg. The donation reduces Gates stake in the software maker to 1.3 percent. The recipient of the gift was not disclosed in the filing dated June 6, though the majority of his prior donations have been to the Bill & Melinda Gates Foundation, the charity set up by Gates and his wife to promote global development. Gates' most recent pledge takes his overall charitable donations to approximately $50 billion, based on the foundation's most recent financial statement. In 2000, the businessman who co-founded Microsoft in 1975, gave away more than $20 billion worth of shares, according to Bloomberg calculations. Gates' estimated net worth is $89.9 billion, as of July 2017. He was briefly overtaken by Amazon founder Jeff Bezos as the world's richest man on 27 July this year. More»
Amwal Al Ghad English - 2017-08-15 09:00:55
Snap Inc  shares rebounded on Monday from a record low in a volatile trading session as big investors reported their stakes in the social media company and a wave of employees became eligible to sell their shares. Snap rose 6.5 percent to end at $12.60 after falling to as low as $11.28 shortly after the market opened, the lowest level since its March trading debut. Volume hit about 84 million shares, making Snap the most-traded stock across all U.S. exchanges. Employees for the first time were allowed to sell their stock following the Snapchat parent's blockbuster initial public offering, potentially increasing the supply of shares in the market and boosting their volatility. Also on Monday, several hedge funds and other institutional investors reported changes to their stakes in Snap in the June quarter. More»
Amwal Al Ghad English - 2017-08-15 08:24:53
OLX Egypt, the classifieds platform in Egypt, revealed the detailed property market trends report for the first half of 2017 (January to June 2017). The report presents statistics of the performance of property buyers and sellers in the market from data accumulated on the classified platforms, as well as the recently launched Storia platform. The report exposes the opportunities in the real estate market, indicating optimistic insights for rent and purchases based on online user habits. Despite the economic downturn and a hike in inflation, over 5 million Egyptians used OLX Egypt monthly in H1 2017, with an average of 33 million visits recorded in the real estate section alone. About 32 percent of the total listings on OLX across all sections were in the property section, highlighting the increasing interest in buying and selling property recently. According to the report, this trend has provided investors with confidence in listing more property online, and developed a more diversified set of options for buyers to choose from. OLX’s General Manager of Egypt, Momtaz Moussa, commented on the results of the report, saying that the Egyptian real estate market witnessed exponential growth, leading potential buyers and sellers to utilize online classifieds channels. “With the successful launch of Storia, we provided focus on the premium areas in Egypt through an organized and more convenient platform to communicate and trade on,” he added. More»
Amwal Al Ghad English - 2017-08-14 08:24:50
Uber's board has voted to move forward on proposals by two investment groups to buy shares in the ride-hailing service and is considering a third offer, with any final decision set to affect who gains the upper hand at the company. Over the last week, the privately held company's board voted to take the next step on investment interest from SoftBank, the Japanese conglomerate. It is still considering an offer from a consortium led by Shervin Pishevar, an early investor in the company, to buy Uber shares from an existing investor. The board also earlier voted to go forward with a proposal from a coalition led by the Dragoneer Investment Group to buy stock from Uber's existing shareholders.The three proposals were described by four people close to the process, who spoke on the condition of anonymity. The offers, which are mostly focused on buying Uber stock from current shareholders, rather than issuing new shares, are preliminary. At this stage, the investment groups will begin a due diligence process that could eventually lead to formal investment terms. More»