InfoAnda - Egypt tech spend fell in 2011, more gloom for 2012: IDC |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China stocks rise on government support | 3 December 2008
Aid ships set out to bust Gaza blockade | 30 May 2010
Expert says drug traffickers recruiting from Iran | 15 December 2009

Sri Lankan rebels say they have put down arms | 17 May 2009

Forum Views () Forum Replies ()

Read more with google mobile : Egypt tech spend fell in 2011, more gloom for 2012: IDC |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Iran stops oil sales to British, French companies 11:04am EST Former kidnap victim Elizabeth Smart marries in Hawaii 8:52am EST Google's Schmidt may sell about 2.4 million shares 17 Feb 2012 Santorum says Obama agenda not "based on Bible" 18 Feb 2012 RPT-Obama's slogan: looking to replace Hope and Change 18 Feb 2012 Discussed 264 Obama proposes $800 million in aid for ”Arab Spring” 167 REFILE-Al Gore takes aim at ”unsustainable” capitalism 142 Romney’s struggles fuel talk of brokered convention Watched Funeral Service for Whitney Houston Sat, Feb 18 2012 Guests arrive at Houston's funeral home Fri, Feb 17 2012 Friends and family arrive for Houston funeral Sat, Feb 18 2012 Egypt tech spend fell in 2011, more gloom for 2012: IDC Tweet Share this Email Print Related News Egyptians incensed after 74 die in soccer tragedy Thu, Feb 2 2012 More than 70 die in Egyptian soccer pitch invasion Wed, Feb 1 2012 Analysis & Opinion Islamist MPs clash in Egypt’s parliament over call to prayer during session Multiculturalism: A blasphemy or a blessing? Related Topics Tech » By Matt Smith DUBAI | Sun Feb 19, 2012 8:34am EST DUBAI (Reuters) - Spending on information technology (IT) fell 13 percent in Egypt last year after the fall of former president Hosni Mubarak and will be flat for 2012 as a political void stalls government investment in the sector, IDC said on Sunday. The research firm said Egypt's IT spending will be $2.13 billion in 2012, the third-highest level in the Middle East behind Saudi Arabia's projected $6.98 billion expenditure and the United Arab Emirates' $5.18 billion. The latter both have much smaller populations than the North African state. Spending this year will be at 2011 levels, although down from a 2010 peak of $2.4 billion. "There was a significant contraction in Egypt. We could potentially see a pick-up in the second half of 2012, but it all depends on the political situation," Jyoti Lalchandani, an IDC regional vice-president, told Reuters on the sidelines of a news conference. "Despite any positive news on the political side, the market cannot recover in 2012, which will see almost flat IT spending. We're down to the 2008, 2009 IT spending levels in Egypt." The IT slump mirrors a wider malaise which has seen Egypt's economy forecast to grow 1.8 percent in the year to June 30. That is far short of 6 percent-plus growth rate economists say Egypt needs to start creating enough jobs for its 80 million people, while tourist revenue and foreign investment has plunged following Mubarak's exit and subsequent clashes against the ruling military council. In Egypt, major IT spending has typically been in the government and financial services sectors which account for 40 percent of total expenditures, Lalchandani said. "With the developments politically, there are no decision makers making decisions on IT," he said. "As a result, the public sector spend on IT has reduced dramatically in the last couple of years. "On the banking side, there's a lot more caution given it has been a challenge attracting investments. With these two key sectors out of the way, there's simply no way the Egyptian market can recover and come back." Across the Middle East, about 20 percent of IT spending is consumer, with the remainder from the public and private sector. (Editing by David Cowell) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Sunday, 19 February 2012
Greece targets debt swap from March 8: government |
Libya sends army to stop clashes in southeast |
Clashes in Senegal ahead of presidential poll |
At least 24 killed in Russian Caucasus fighting |
Pope wants to see Fidel Castro on Cuba trip: source |
Italy shipwreck captain tests negative for drugs |
Loyal Whitney Houston fans pay tribute to fallen star |
During Mardi Gras in New Orleans, everybody loves a parade |
Iommi illness forces Black Sabbath tour changes |
British actress Judi Dench says sight failing |
Muhammad Ali celebrates 70th birthday with Las Vegas gala |
Syrian forces fire on anti-Assad crowd in capital |
Exclusive: Algeria seizes missiles smuggled from Libya: source |
Thousands rally for Putin before Russian election |
Australian PM Gillard defiant under pressure over leadership |
Missile strikes rebel stronghold near Somalia port |
AU chairman to tackle continent's security hotspots |
Bobby Brown blames security for exit from Houston funeral |
Kevin Costner recalls sweet miracle of Whitney |
Stella's surreal dinner theater wows London fashionistas |
Riot police guard Greek assembly as protesters gather |
Suicide attack on Baghdad police academy kills 19 |
Motorists protest against Putin on Moscow's streets |
Hundreds of thousands march in Spain against reforms |
Yemen to seal Saleh's exit in one-candidate vote |
France's far-right returns to roots with halal claims |
Egypt delays announcing final date for presidential vote |
Stumbling Afghan peace talks need re-think: advisor |
Base decisions on faith, Pope tells new cardinals |
Data collection arms race feeds privacy fears |
Egypt tech spend fell in 2011, more gloom for 2012: IDC |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01