October 8, 2016

ADIB-Egypt receives Global Finance’s Best Islamic Financial Institution award

Abu Dhabi Islamic Bank (ADIB) – Egypt has received in Washington on Saturday the Best Islamic Financial Institution in Egypt’ for the year 2016 award by Global Finance Magazine.

Global Finance Magazine,"...

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ABB Names Timo Ihamuotila as New Chief Financial Officer October 27, 2016

  • Timo Ihamuotila joins pioneering technology leader ABB as Chief Financial Officer from Nokia, effective April 1, 2017
  • Proven Chief Financial Officer with extensive experience in communications, software and services industries,...

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ABB: Continued Margin Growth in Tough Markets October 27, 2016

  • Operational EBITA margin1 increased to 12.6%
  • White Collar Productivity on track towards $1.3 bn savings; expected total costs reduced by $100 mn
  • Net Income $568 million; basic earnings per share up 2%
  • Base...

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Egypt rises to 122 in World Bank's 2017 Doing Business report October 27, 2016

The government facilitated the launching of businesses "by merging procedures at the one-stop shop by introducing a follow-up"...

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EGPC signs partnership with Kuwait Energy for 15% of Iraq’s Seba gas field October 27, 2016

The Egyptian General Petroleum Corporation (EGPC) has signed a partnership agreement with Kuwait Energy for the Seba gas field located in southeast Basra, Iraq. The agreement stipulates that EGPC owns 15% of this field.


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