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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        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        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 - 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»
Amwal Al Ghad English - 2017-12-26 09:11:16
Analysts have lowered iPhone X shipment projections for the first quarter of next year, citing signs of lackluster demand at the end of the holiday shopping season.Sinolink Securities Co. analyst Zhang Bin said in a report Monday that handset shipments in the period may be as low as 35 million, or 10 million less than he previously estimated. "After the first wave of demand has been fulfilled, the market now worries that the high price of the iPhone X may weaken demand in the first quarter," Zhang wrote. JL Warren Capital LLC said shipments will drop to 25 million units in the first quarter of 2018 from 30 million units in the fourth quarter, citing reduced orders at some Apple suppliers. The drop reflects “weak demand because of the iPhone X’s high price point and a lack of interesting innovations,” the New York-based research firm said in note to clients Friday. More»
Amwal Al Ghad English - 2017-12-26 08:58:05
South Korea’s trade ministry said on Tuesday that a committee had approved LG Display Co Ltd’s plan to build a new organic light-emitting diode (OLED) panel production facility in China.The approval comes five months after LG Display announced it would invest in large-size OLED production in Guangzhou, China, to respond to fast-growing demand for the screens in TVs in overseas markets. More»
Amwal Al Ghad English - 2017-12-25 14:46:58
Egypt will launch a satellite with 70% to 80% Egyptian components in cooperation with the Japan Aerospace Exploration Agency (JAXA) in July 2018 Egypt’s higher education minister Khaled Abdel Ghaffar said.Egypt will launch a satellite with 70% to 80% Egyptian components in cooperation with the Japan Aerospace Exploration Agency (JAXA) in July 2018 Egypt’s higher education minister Khaled Abdel Ghaffar said. The satellite’s control unit was implemented by Egyptian engineers at the remote sensing agency, Abdel Ghaffar added, noting that an Egyptian-manufactured camera will be installed on the satellite. More»
Amwal Al Ghad English - 2017-12-25 06:33:48
Egypt's Communications Minister Yasser el Qady has dismissed any intention to sell any share of Telecom Egypt in Vodafone Egypt, according to a Sunday statement. El- Qady further added that not even a part of the 45-percent share would be sold. Any news about selling TE shares is baseless, he stressed. To the contrary, TE is seeking to expand its investments inside and outside Egypt to offer integrated communications services. More»