Industry & Trade
Petrojet eyes 2015 Revenues up to US$777 million
Published 2015-07-05 12:44:41| Mahmoud Shaaban
The Petroleum Projects & Technical Consultations Co- Petrojet is planning to boost its revenues to 6 billion Egyptian pounds (US$777 million) in 2015, Chairman Mohamed Shemy said Sunday.
- Petrojet eyes 2015 Revenues up to US$777 million
- Egypt raises Gas Price paid to Italy's Eni and Edison -EGAS Official
- Egypt's Debts to Foreign Oil Companies rise by 6.1%
- El-Wakeel wins Second Term as Egypt Commerce Chambers’ Federation
- German's Henkel to invest $39mln in Egypt
- INTERVIEW: ALCATEL ONETOUCH to open Rep Office in Cairo Soon - Merichko
- Egypt eyes Mercosur FTA Activation before 2015-end
- APR Energy inks Gas Turbine Power Plant Deal in Egypt
- PayPal to buy Digital Money Transfer provider Xoom
- China adopts New Security Law to make Networks, Systems 'Controllable'
Head of Middle East for ALCATEL ONETOUCH, Zied Merichko talks to Amwal Al Ghad Magazine to outline the plans and goals that the company holds in the Middle East region and Egypt. 1. Nowadays the Middle East is one of the most growing regions in the area of technology and mobility, what is the impact of such growth rate on your company? It’s a fantastic opportunity, and the Middle East is a key market for us. We’re also benefitting from global momentum, where ALCATEL ONETOUCH is currently the world’s 4th mobile brand based on analyst figures. We shipped 48.6 million units in 2014 alone worldwide, which is a YoY growth of 162 percent. And now, we’re seeing exciting yet sustainable growth in the Middle East. (Source: IDC) 2. What about ALCATEL ONETOUCH growth rate in the region? We’ve been in this region for over 15 years, and we’re proud to say that we’re growing steadily, and look forward to sustaining this growth for years. ALCATEL ONETOUCH is a recognized brand in the region, and consumers associate with the quality and design and great features. We’re targeting a demographic that demands performance, personalised design and premium features, but at the right price. We call these “smart buyers” – people who want the best value and premium features at the right price, and aren’t swayed by fashion statements. 3. What are the main markets you depend on for the upcoming period and what about the predictive revenues of Smart phones sales for 2015? For ALCATEL ONETOUCH, our strategies of growth, outreach, visibility and awareness have regional reach. All our markets are important. But certainly, we do have particularly strong ones, such as Egypt, where we will continue investing and focusing. 4. The Egyptian market is growing roughly in the smart phone area especially with the low prices of mobile data, the mobile operators announced. So, what are your plans for the Egyptian Market? The Egyptian market is very receptive to our PIXI range of products. The PIXI range is appealing, versatile, and attracts a wide range of customers looking for great features at a competitive price point. For instance, the newest member of the Alcatel PIXI 3 family is an entry-level 5.5” smartphone offering a fast and immersive streaming experience thanks to a powerful CPU and large display. At the same time, we also believe that our IDOL range of premium smartphones will do well in the Egyptian market. The IDOL 3, for instance, has been engineered as a class leader with superb components such as two front facing JBL speakers. A next gen sensor supports 13 megapixels of camera prowess for shots in the dark, indoors or for macro close-ups. It’s also fully reversible and can be held upside down. But again, the price point is very competitive. 5. Are you considering investing directly to have a representative office in Cairo? There are certainly plans to open in Cairo very soon. Egypt is an important market for ALCATEL ONETOUCH and we’ve very much looking to have a presence in its capital city. 6. What about your distributors? How many distributor you deal with? And are you considering increasing the numbers? Across the Middle East, ALCATEL ONETOUCH has created a robust network of channel partners with whom we work closely. We tailor strategies to ensure the end customer benefits from a great channel experience, from purchase to aftersales and technical support. Our aim is to build constructive partnerships and push for availability, visibility and awareness. We’re not in the business of just shipping out devices. It’s the entire experience that counts. In Egypt, we’ve built a robust long-term relationship with Rezkalla, and we’ve gone a long way together since many years and we value that. 7. How about your market share regionally and in the Egyptian market specifically? ALCATEL ONETOUCH’s regional market share is around 4 to 5 percent but with steady growth. Egypt has been a particularly receptive market, and there our market share is 8 percent. 8. How do you provide the after sale and technical support services in Egypt? Our distributor Rizkalla is also our technical support partner in Egypt. We work closely together to ensure that the entire experience of owning an ALCATEL ONETOUCH device, and getting aftersales support, is a great experience for our Egyptian customers.
China's legislature adopted a sweeping national security law Wednesday that covers everything from territorial sovereignty to measures to tighten cyber security, a move likely to rile foreign businesses. A core component of the law, passed by the standing committee of the National People's Congress (NPC), is to make all key network infrastructure and information systems "secure and controllable". President Xi Jinping has said China's security covers areas including politics, culture, the military, the economy, technology and the environment. But foreign business groups and diplomats have argued that the law is vague and fear it could require that technology firms make products in China or use source code released to inspectors, forcing them to expose intellectual property. Zheng Shuna, vice chairwoman of the Legislative Affairs Commission of the NPC standing committee, downplayed those concerns, saying China welcomes "all countries' businesses to operate in China and provide legitimate services according to law". "We will continue to follow the path of peaceful development but we absolutely will not give up our legitimate rights and absolutely will not sacrifice the country's core interests," she said at a briefing. The security of territorial seas and airspace is among those core interests, which, according to the legislation, China will take "all necessary measures" to safeguard. The law, which comes amid tensions with neighbors over disputes in the South China and East China Seas, passed through the NPC standing committee, the top body of China's rubber stamp parliament, by a vote of 154 to zero, with one abstention. 'GROWING INFLUENCE OF HARDLINERS' The national security law is part of a raft of government legislation - including laws on anti-terrorism, cyber security and foreign non-government organizations - that have drawn criticism from foreign governments, business and civil society groups. Those policies, many of which have cyber security components, have emerged after former National Security Agency contractor Edward Snowden disclosed that U.S. spy agencies planted code in American tech exports to snoop on overseas targets. "The fact that these different pieces of legislation are all moving forward in tandem indicates the seriousness of Beijing's commitment as well as the growing influence of hardliners shaping China's technology policy agenda," Samm Sacks, an analyst at U.S.-based consulting firm Eurasia Group, said in an emailed statement. Critics have argued that the extensive nature of the law, which covers everything from China's deep sea and space assets to "harmful cultural influences", constitutes national security overreach. Its passage also coincides with a crackdown on dissent, as the government has detained and jailed activists and blamed "foreign forces" for the pro-democracy protests in Hong Kong last year. Hong Kong and Macau must "fulfill responsibilities to safeguard national security" according to the law, which also covers crimes of subversion and inciting rebellion. That reference could spark more fears of Beijing encroaching on Hong Kong's rule of law. Britain returned Hong Kong to China in 1997 under a "one country, two systems" formula, with the promise of a high degree of autonomy. Unlike on the mainland, Hong Kong does not have laws criminalizing subversion of the state. Macau, a former Portuguese colony, returned to China in 1999. Some seven months after Hong Kong police forcibly cleared pro-democracy protesters from the streets, tens of thousands of people were expected to rally for free elections on Wednesday as the city marks the 18th anniversary of its return to China.
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