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Schneider Electric – the global specialist in energy management and automation, has just launched Go Green in the City for the seventh year running. This annual global challenge for business and engineering students is aimed at promoting innovative energy management ideas for smart cities. From February 13th to May...
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To assist local accounting and finance professionals during Egypt’s fluctuating economic situation, IMA® (Institute of Management Accountants), the association of accountants and financial professionals in business, has announced a temporary 50 percent reduction in IMA membership and CMA® (Certified Management Accountant) program fees. The CMA is IMA’s globally recognized...
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Egyptian billionaire Naguib Sawiris has resigned as chief executive officer of Orascom and his deputy has been nominated to succeed him, the company said on Sunday. “Naguib Sawiris has submitted his resignation from his position as CEO effective January 1, 2017,” Orascom Telecom Media and Technology Holding (OTMT) said...
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You can only purchase items from a certain country’s iTunes store if you have a valid form of payment for that particular country. That means if you’ve moved to another country and have set up a new bank account so you can get paid or transfer money locally, you’ll have...
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Insight Discovery, the Dubai-based market intelligence and strategic communications consultancy, has today published the seventh edition of its Middle East Investment Panorama (MEIP 2016), which is entitled The Year of Reckoning? Platinum partners of MEIP 2016 include the Dubai International Financial Centre (DIFC), Old Mutual International, Pioneer Investments and...
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Amazon.com Inc. is in talks to acquire Dubai-based online retailer Souq.com FZ for about $1 billion in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according to people familiar with the matter. Recommend ➤ Souq.com fund-raising would value the business at $1...
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Consumer confidence levels in Egypt fell dramatically in the third quarter to a 10-year low, according to the latest consumer confidence report from Nielsen. The Nielsen Consumer Confidence Index recorded a score of 70 for Egypt, 29 points below the global average of 99 and the country’s lowest Consumer...
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The International Monetary Fund approved a $12 billion loan for Egypt on Friday, in a move intended to support the economy of the Arab world’s most populous nation. Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling economy, bringing...
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Beni Suef is a new combined-cycle natural gas power plant being built by Siemens for the Egyptian Government, as a part of the Egypt Megaproject. The 4.8GW power plant will be located in Beni Suef in the southern part of the country, approximately 110km south of Cairo. It will...
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Egyptian economic reform programWhile Egypt enacting a very sensible economic policy in floating the Egyptian pound. IMF published a statement today regarding the Egyptian ambitious reform program to put the country’s economy on a sustainable path and achieve job-rich growth. The liberalization of the exchange rate and the adoption of...
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In a surprise morning announcement, The National Bank of Egypt, announced on its website that the dollar could be bought for 13 Egyptian pounds and sold for 13.50 pounds each, a considerable change from its previous rate of around 8.88 Egyptian pounds to the dollar. The move is the latest...
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Daily News Egypt – An official source at Edita Food Industries said that the company plans to enter new markets in the Gulf region in the coming period, after it has contracted with Khalifa Abdulrahman Algosaibi Cold Stores in Saudi Arabia. The new deal aims to distribute Edita’s popular...
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For the fifth consecutive year, Cairo sustains its rank among the top 5 destination cities in the Middle East and Africa region in terms of international overnight visitors according to the Mastercard Global Destinations Cities Index for 2016. Cairo – with a growth rate of 1.5% percent in the...
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Egypt is selling four 4G licenses as part of a long-awaited plan to reform the telecoms sector and to raise money for stretched government finances. Vodafone Egypt and Etisalat signed deals with the country’s telecom regulator to acquire 4G licenses, joining Orange Egypt and Telecom Egypt. Vodafone Egypt Telecommunications Co....
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As part of maximising participation in third Emirates Energy Award (EEA) 2017 that will be organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai under the theme ‘Innovative Solutions for Clean Energy’, Dubai Supreme Council of...
Schneider Electric – the global specialist in energy management and automation, has just launched Go Green in the City for the seventh year running. This annual global challenge for business and engineering students is aimed at promoting innovative energy management ideas for smart cities. From February 13th to May...
To assist local accounting and finance professionals during Egypt’s fluctuating economic situation, IMA® (Institute of Management Accountants), the association of accountants and financial professionals in business, has announced a temporary 50 percent reduction in IMA membership and CMA® (Certified Management Accountant) program fees. The CMA is IMA’s globally recognized...
Egyptian billionaire Naguib Sawiris has resigned as chief executive officer of Orascom and his deputy has been nominated to succeed him, the company said on Sunday. “Naguib Sawiris has submitted his resignation from his position as CEO effective January 1, 2017,” Orascom Telecom Media and Technology Holding (OTMT) said...
You can only purchase items from a certain country’s iTunes store if you have a valid form of payment for that particular country. That means if you’ve moved to another country and have set up a new bank account so you can get paid or transfer money locally, you’ll have...
Insight Discovery, the Dubai-based market intelligence and strategic communications consultancy, has today published the seventh edition of its Middle East Investment Panorama (MEIP 2016), which is entitled The Year of Reckoning? Platinum partners of MEIP 2016 include the Dubai International Financial Centre (DIFC), Old Mutual International, Pioneer Investments and...
Amazon.com Inc. is in talks to acquire Dubai-based online retailer Souq.com FZ for about $1 billion in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according to people familiar with the matter. Recommend ➤ Souq.com fund-raising would value the business at $1...
Consumer confidence levels in Egypt fell dramatically in the third quarter to a 10-year low, according to the latest consumer confidence report from Nielsen. The Nielsen Consumer Confidence Index recorded a score of 70 for Egypt, 29 points below the global average of 99 and the country’s lowest Consumer...
The International Monetary Fund approved a $12 billion loan for Egypt on Friday, in a move intended to support the economy of the Arab world’s most populous nation. Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling economy, bringing...
Beni Suef is a new combined-cycle natural gas power plant being built by Siemens for the Egyptian Government, as a part of the Egypt Megaproject. The 4.8GW power plant will be located in Beni Suef in the southern part of the country, approximately 110km south of Cairo. It will...
Egyptian economic reform programWhile Egypt enacting a very sensible economic policy in floating the Egyptian pound. IMF published a statement today regarding the Egyptian ambitious reform program to put the country’s economy on a sustainable path and achieve job-rich growth. The liberalization of the exchange rate and the adoption of...
In a surprise morning announcement, The National Bank of Egypt, announced on its website that the dollar could be bought for 13 Egyptian pounds and sold for 13.50 pounds each, a considerable change from its previous rate of around 8.88 Egyptian pounds to the dollar. The move is the latest...
Daily News Egypt – An official source at Edita Food Industries said that the company plans to enter new markets in the Gulf region in the coming period, after it has contracted with Khalifa Abdulrahman Algosaibi Cold Stores in Saudi Arabia. The new deal aims to distribute Edita’s popular...
For the fifth consecutive year, Cairo sustains its rank among the top 5 destination cities in the Middle East and Africa region in terms of international overnight visitors according to the Mastercard Global Destinations Cities Index for 2016. Cairo – with a growth rate of 1.5% percent in the...
Egypt is selling four 4G licenses as part of a long-awaited plan to reform the telecoms sector and to raise money for stretched government finances. Vodafone Egypt and Etisalat signed deals with the country’s telecom regulator to acquire 4G licenses, joining Orange Egypt and Telecom Egypt. Vodafone Egypt Telecommunications Co....
As part of maximising participation in third Emirates Energy Award (EEA) 2017 that will be organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai under the theme ‘Innovative Solutions for Clean Energy’, Dubai Supreme Council of...
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