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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 - 2018-01-02 09:19:40
Britain may impose new taxes on tech giants like Google and Facebook unless they do more to combat online extremism by taking down material aimed at radicalising people or helping them to prepare attacks, the country's security minister said Monday. Ben Wallace accused tech firms of being happy to sell people's data but not to give it to the government which was being forced to spend vast sums on de-radicalization programs, surveillance and other counter-terrorism measures. "If they continue to be less than co-operative, we should look at things like tax as a way of incentivizing them or compensating for their inaction," Wallace told the Sunday Times newspaper in an interview. He accused the tech giants of putting private profit before public safety. "We should stop pretending that because they sit on beanbags in T-shirts they are not ruthless profiteers," he said. "They will ruthlessly sell our details to loans and soft-porn companies but not give it to our democratically elected government." Britain suffered a series of attacks by Islamic extremists between March and June this year that killed a total of 36 people. Two involved vehicles ramming people on bridges in London, followed by attackers stabbing people. The deadliest, a bombing at a concert in the northern city of Manchester, killed 22 people. Following the second bridge attack, Prime Minister Theresa May proposed beefing up regulations on cyberspace, and weeks later interior minister Amber Rudd travelled to California to ask Silicon Valley to step up efforts against extremism. The Sunday Times quoted Wallace as saying that reliance on the internet made Britain vulnerable to terrorists and rogue states. "That's what keeps me awake at night. We are more vulnerable than at any point in the last 100 years," he said. Tech companies have made life too easy for attackers by refusing to take down extremist material and bomb-making guides, the minister said. Encrypted messaging services like WhatsApp were also a major problem, he said. "I have to have more human surveillance. It's costing hundreds of millions of pounds," Wallace said. "Because content is not being taken down as quickly as they could do, we're having to de-radicalize people who have been radicalized. That's costing millions. They can't get away with that and we should look at all the options, including tax." Wallace's quotes did not give further details on tax plans. The Sunday Times reported that any demand would take the form of a windfall tax similar to that imposed on privatized utilities by former Prime Minister Tony Blair's government in 1997. More»
Amwal Al Ghad English - 2018-01-02 06:58:41
Many users in Egypt and neighboring countries experienced  on Sunday an outage of the popular messaging service, WhatsApp, for an hour before the issue was fixed and the app returned to normal functioning. In a statement, a WhatsApp spokesperson said that users of the app around the world experienced a brief outage that has now been resolved, according to Reuters. WhatsApp, a unit of Facebook Inc, has 1 billion daily users worldwide, according to the company, malong it among the most popular messaging services. In early December 2017, WhatsApp services were back online for its 1 billion daily users after the app experienced an unexplained outage for a brief period. Similarly, on November 3 2017, WhatsApp users were able to send or receive messages after a brief outage in Pakistan and several other countries. Beyond Pakistan, there were reports that WhatsApp was not working for users in the UK, Singapore, India, the Middle East, and Ukraine. More»
Amwal Al Ghad English - 2018-01-02 06:37:07
Egyptian Silicon Industries Company (SICO Egypt), manufacturer of the first Egypt-made smartphone, announced the opening of the pre-booking of its new Nile X phone, which will be officially launched in the second half of January. In a statement on Monday, SICO Egypt said that customers inside and outside Egypt can call the company’s call center via hotline 19242 to register the pre-booking orders for the phone which costs 4,200 Egyptian pounds. The company said that customers who pre-book the phone will have the priority to obtain the first batch made available. President of SICO Egypt Mohamed Salem said that the company’s call center has received tens of thousands of calls to book the new phone and inquire about its price, specifications and availability. He pointed out that the company also offers the opportunity to pre-book various models for its mobile phones, starting from 200 pounds to 4,200 pounds. Salem explained that these models include Mini 3 for 200 pounds, Plus 2 3G for 850 pounds, Plus 2 4G for 1,000 pounds, Diamond 2 for 2,000 pounds, and the Nile X for 4,200 pounds. The first ever Egyptian-made smartphone was presented last month at the 21st session of Cairo ICT, a regional technological trade fair, in New Cairo, with President Abdel Fattah al-Sisi present for the unveiling. Sisi was handed the phone from Telecommunications Minister Yasser al-Qadi. The launch of the product was delayed last month after the shipment of batteries was stolen. The company said that the shipment was coming to Egypt through the coastal port of Damietta city but that the 15,000 batteries contained in the shipment had been stolen. More»
Amwal Al Ghad English - 2017-12-30 09:23:13
Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone battery is good.In a posting on its website, Apple apologized over its handling of the battery issue and said it would make a number of changes for customers “to recognize their loyalty and to regain the trust of anyone who may have doubted Apple’s intentions.” Apple made the move to address concerns about the quality and durability of its products at a time when it is charging $999 for its newest flagship model, the iPhone X. The company said it would cut the price of an out-of-warranty battery replacement from $79 to $29 for an iPhone 6 or later, starting next month. The company also will update its iOS operating system to let users see whether their battery is in poor health and is affecting the phone’s performance. More»
Amwal Al Ghad English - 2017-12-30 08:13:34
Japanese conglomerate SoftBank will pick up 15 per cent stake in Uber and pump in $1 billion as primary investment in the US-based ride-hailing app in early 2018, according to multiple sources.The fresh capital infusion comes at a time when the company is looking at moving beyond the controversies it was mired in 2017 and further scaling up operations. Two people close to the developments said SoftBank Group Capital Ltd, a wholly owned subsidiary of SoftBank Group, will hold 15 per cent share in Uber and is expected to also get two seats (out of 17) on Uber's Board. Also, the companies are now proceeding to close the overall transaction, including a minimum USD 1 billion primary investment in early 2018, they added. More»
Amwal Al Ghad English - 2017-12-28 10:58:37
Egypt will be hosting  the Innovation Summit-MENA 2018 , held on 29-31 July 2018. a Memorandum of Understanding (MoU) was signed between MCIT and Brains Innovation Summit, witnessed by the ICT minister Yasser El Kady. ElKady has received the CEO of Brains Innovation Summit John Glassey, where they discussed the arrangements related to hosting the Innovation Summit-MENA 2018 in Egypt. The meeting was attended by MCIT Undersecretary for the International Relations Division Nermine El-Saadany. The 2018 Summit aims to encourage investment in Egypt to create a regional market through direct project financing and partnership with the private sector. It also provides an opportunity to highlight Egypt's capabilities to be the leading country in the region in innovation, and benefit from ICTs in education and financial inclusion More»
Amwal Al Ghad English - 2017-12-27 14:11:33
Huawei Technologies , the world’s third-largest smartphone maker, said on Wednesday that Chinese police are conducting an investigation, after the China sales head of its smartphone unit was detained on suspicion of accepting bribes.Huawei, which in recent years has overtaken Apple Inc and others to take the top share of China’s smartphone market but is now under pressure from fast-growing domestic rivals, declined to disclose details of the case. “The authorities are investigating the matter, and we defer to their discretion as to what can be disclosed,” the company said in e-mailed comments to Reuters when asked about the case. “We take our business ethics extremely seriously, and have zero tolerance for corrupt behavior.” It gave no further comment. In an internal memo to staff, however, Huawei said Teng Hongfei, the Greater China sales head for its consumer business division, had been detained for “the suspected crime of accepting bribes as a non-state functionary”. Reuters was unable to immediately reach Teng or a representative for comment. According to his LinkedIn profile, he worked at Samsung Electronics and Nokia before joining Huawei in June 2014. Since then, Huawei has moved past Samsung, Apple, Xiaomi and Lenovo Group to become China’s largest smartphone seller.But its top spot in the world’s biggest smartphone market has come under threat over the past year from competitors such as OPPO and Vivo, and its profits have suffered as a result. Huawei has a 22.3 percent share of China’s smartphone market, followed by OPPO at 21.6 percent, according to third-quarter data from industry tracker IDC. Founded by Ren Zhengfei, a former People’s Liberation Army officer, Huawei has more than 180,000 employees and has taken a number of high-profile actions in recent years to counter corruption. In January, Ren held a vow-taking ceremony with senior managers who swore not to engage in corruption, and in 2014 an internal inspection found 116 employees in violation of its anti-corruption policies.Source: Reuters
Amwal Al Ghad English - 2017-12-27 09:24:41
Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change.The tweak may have led iPhone owners to misguided attempts to resolve issues over the last year, the lawsuits contend. All the lawsuits - filed in U.S. District Courts in California, New York and Illinois - seek class-action to represent potentially millions of iPhone owners nationwide. More»
Amwal Al Ghad English - 2017-12-27 09:18:31
The heir to South Korea’s Samsung Group, convicted of bribing the country’s former president, on Wednesday denied allegations of wrongdoing as the appeals trial of his five-year jail term for corruption neared its end.Jay Y. Lee, the 49-year-old heir to one of the world’s biggest corporate empires, has been detained since February and was convicted by a lower court in August of bribing Park Geun-hye, who was dismissed as South Korea’s president in March. The court decided the bribe helped Lee strengthen his control of Samsung Electronics, the crown jewel in the conglomerate and one of the world’s top technology firms. Lee, looking relaxed in a dark suit and white shirt without tie at the ongoing appeals hearing, denied this charge and also denied recent allegations that he had met Park one-on-one four times, instead of the previously disclosed three times. More»
Amwal Al Ghad English - 2017-12-26 10:58:29
Telecom Egypt’s board approved a decision to grant its employees a 10% bonus of base salary in 2018, according to a company statement. The board decided to increase other allowances by 10% as of January 2018, the company said in a statement to the Egyptian Exchange (EGX). More»