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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        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        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        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        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        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 - 2018-01-04 08:54:42
Intel chief executive Brian Krzanich sold off a large chunk of his stake in the company last year — after the chipmaker was already aware of serious security flaws in its computer processors, according to multiple reports. The chipmaker did not immediately respond to CNBC's emailed request for comments sent outside U.S. office hours. Other outlets have reported an Intel spokeswoman said Krzanich's decision to sell the shares was unrelated to the security vulnerability disclosed this week. According to a Securities and Exchange Commission filing in late November, Krzanich acquired and sold 644,135 shares at a weighted average price of $44.05 by exercising his options. Those options let him purchase the shares at prices between $12.985 and $26.795, significantly lower than where Intel was trading at the time. He sold another 245,743 shares that he already owned at a weighted average of $44.55. That brought down the total number of shares he owns to 250,000 — which is the minimum number of shares that the CEO of Intel is required to own, according to a Motley Fool report. Krzanich sold all of those shares for a little over $39 million, apparently netting about $25 million. The filing showed that the sales were part of a 10b5-1 plan, which was created on Oct. 30, just a month before Krzanich sold the shares. The 10b5-1 is a trading plan that company executives set up to sell stocks they own at a pre-determined time so that they are not accused of insider trading. Multiple outlets, however, have reported that Intel and other chip makers were notified of the security vulnerabilities in June. Security researchers released documentation this week of critical vulnerabilities in modern processors used on almost every computer around the world. The hardware bugs — known as Meltdown and Spectre could allow programs to steal data including "passwords stored in a password manager or browser, your personal photos, emails, instant messages and even business-critical documents." While Meltdown is specific to Intel processors, and can be patched, Spectre affects Intel, AMD and ARM processors — meaning almost every device that uses a chip — and is harder to fix. That sent the computer industry scrambling to patch those vulnerabilities. Though there are no known exploits for the problem yet, what is alarming is the fact that it can potentially affect millions of devices. On Wednesday, Krzanich told CNBC's "Closing Bell" that the company is working on fixes that could start next week. He also said he's "relatively confident" that the security issue has not been exploited and that the industry has been working together for a couple of months to address it. "I mean, it's very hard — we can't go out and check every system out there," he added. "But when you take a look at the difficulty it is to actually go and execute this exploit — you have to get access to the systems, and then access to the memory and operating system — we're fairly confident, given the checks we've done, that we haven't been able to identify an exploit yet." Krzanich said the entire industry was planning to publish the data security issue once the fix was in place — but the problem leaked early. "Why did it leak ahead of time? Somebody was doing some updates on a Linux kernel and they improperly posted that this was due to this flaw," Krzanich said. "That's why we're responding to it today." More»
Amwal Al Ghad English - 2018-01-04 08:37:24
China is planning to build a 13.8 billion yuan ($2.1 billion) technology park dedicated to developing artificial intelligence (AI), state-backed news agency Xinhua reported Wednesday. The campus will be constructed within five years and situated in the suburban Mentougou district in western Beijing. It will cover 54.87 hectares, Xinhua said. The technology park will be home to around 400 businesses and is expected to create an annual output value of about 50 billion yuan. High-speed big data, cloud computing, biometrics and so-called deep learning, a strand of AI, will be the focus of the new park. It will also have 5G mobile internet, a super computer and cloud services, according to Xinhua. More»
Amwal Al Ghad English - 2018-01-04 08:03:44
Vodafone Egypt on Wednesday said that it faces a network failure, adding that the company is working to fix it. There is a technical problem in the company’s network, said media and public relations director at Vodafone Egypt Noha Saad. Some districts reported a difficulty in making calls, Saad added. More»
Amwal Al Ghad English - 2018-01-03 09:55:52
Amazon's push into new advertising products will not threaten Google's search business, said analysts at Mizuho in a note released Tuesday. CNBC reported in December that the U.S. e-commerce giant is experimenting with various advertising products across its portfolio and off of its website. This includes e-commerce search and video products too. Sources also told CNBC this week that Amazon is in talks with large companies about letting them promote products on the Echo smart speaker devices via the voice assistant Alexa. The news shows how Amazon is gearing up for a big year of advertising. Amazon currently has three main types of ad products. The first is sponsored product ads which appear when you search for an item on Amazon. The second is headline search ads which also display in search results at the top of the page. And the final one is a standard product display ad paid for by a company. Mizuho said it hosted an investor call with Merkle RKG, a marketing and data platform. Based on Merkle's studies, Mizuho said search appears to be the "biggest opportunity" in advertising for Amazon "given its scale and the potential to increase pricing." But the investment bank said that Amazon's advertising technology is still in its "early development stage so it is well behind that of Google." For example, Mizuho said Amazon's customer targeting products are not up to scratch yet and therefore monetization is harder. "That said, we believe that Amazon has plenty of headroom to improve its performance and monetization," Mizuho analyst James Lee wrote in the note. Amazon's advertising push puts it in competition with the likes of Google and Facebook, both of which currently dominate the digital ad space. In the U.S., Google and Facebook are expected to rake in 63.1 percent of digital ad investment in 2017, according to eMarketer. In a report from March, eMarketer also forecast that Google's share of the search ad market could grow to more than 80 percent by 2019. And Mizuho said that Amazon is unlikely to threaten the search business for Google. "We do not expect the emergence of Amazon's ad business to threaten Google's search business. Merkle is seeing very little overlap between Amazon's ad customers and Google's. In addition, the use case for Amazon and Google's search is very different," Lee wrote in the note. The investment bank said it maintains its "buy" rating on Amazon's stock with a price target of $1,300, which if realized, would represent a 9.3 percent rise from Tuesday's close. More»
Amwal Al Ghad English - 2018-01-03 09:16:16
Amazon said on Tuesday that more consumers paid for Amazon Prime benefits in 2017 than any prior year. But the company still has not revealed just how many members use the subscription services. Amazon did reveal that 5 billion items were shipped to Prime customers. The announcement comes on the heels of a blockbuster year for the e-commerce company. Amazon posted its best "Prime Day," Cyber Monday and holiday season ever in 2017, with sales growing 60 percent year over year on Prime Day, and app-based sales up 50 percent year over year on Cyber Monday. More»
Amwal Al Ghad English - 2018-01-03 07:21:09
Telecom Egypt, the country's largest internet provider, said on Tuesday that it has fully restored its internet services in Egypt after a cut in an undersea cable had caused disruption in the network. The company said it has bypassed the severed cable, which lies in the Mediterranean. It did not elaborate how the link was severed. The disruption now has "no impact on internet traffic for Telecom Egypt users or any of its operators in Egypt," the company said in a statement. Earlier on Tuesday, Telecom Egypt said that its Digital Subscriber Line (DSL) internet services in Egypt and other neighbouring countries have been experiencing a problem which it expected would take days to be solved. Many Egyptian internet users have complained about service disruptions over the past two weeks. Telecom Egypt is the largest provider of fixed-line services in the Middle East and Africa. The company said in a November report it had around 3.8 million subscribers to its internet services and 6.9 million subscribers to fixed-line services as of September 2017. More»
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»