FINANCE & ECONOMY

29 Jul 2014

Polaris Industries Inc. Announces New Business Unit and Leadership Changes in EMEA Business

Polaris Industries Inc. (NYSE: PII) today announced that it is integrating several emerging business lines to create a new Global Adjacent Markets business and that it has named Matt Homan to lead the fully integrated business as President, Global Adjacent Markets. This new business unit"...

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29 Jul 2014

Invest Deeper into the Japanese Smart/Renewable Energy Market Through World Smart Energy Week Osaka 2014

Reed Exhibitions Japan will be holding the 2014 edition of World Smart Energy Week Osaka (the sister edition of World Smart Energy Week http://www.wsew.jp/en/), at INTEX OSAKA from September 3-5, 2014.


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27 Jul 2014

Egypt, Turkey trade insults over Gaza

Egypt warned Ankara Saturday of “further action” as it protested for the second time in a week at the Turkish premier criticizing its president and Cairo’s handling of the Gaza conflict.


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27 Jul 2014

Egypt’s Least Bad Option for Addressing Energy Troubles

A proposed deal to export Israeli natural gas through Egypt has the potential to enable Israel’s entry into its first major export markets, help Egypt escape a deepening energy crisis, and welcome the first European players into Israel’s natural gas industry. However, the deal"...

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27 Jul 2014

Court to consider placing Pharmacists Syndicate under judicial guardianship Saturday

Cairo Court for Urgent Matters will consider on Saturday an appeal filed by the Syndicate of Pharmacists against imposing judicial guardianship on the syndicate. The court set 23 September to consider the appeal, but the defense asked to shorten the period between the two hearings making it on 14 July. The syndicate said in a statement last Monday that the defense...

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27 Jul 2014

Vodafone Egypt investing $1.3bn on network upgrade

Vodafone Egypt is expected to invest a figure of LE9.5 billion ($1.3 billion) in order to improve its network.


According to the recently appointed Chief Executive, Ahmed Essam: “The investment shall be financed from an existing fund of Vodafone Egypt, which is owned by Vodafone UK and Telecom Egypt.”

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27 Jul 2014

High occupancy in Red Sea and South Sinai pre-Eid Al-Fitr: Hotels Chamber


Hotel occupancies in the Red Sea and South Sinai rose to 70% and 50% respectively as domestic tourists arrived for Eid Al-Fitr, said Hany Al-Shaer, the Chamber of Hotels’ Deputy Chairman.


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27 Jul 2014

7 banks raise interest rates on deposits after Central Bank decision


Seven banks have raised prices on returns, in a weak response to the Central Bank of Egypt’s (CBE) decision to raise various rates on deposits and lending.


A recent CBE decision saw an increase in the benchmark overnight"......

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27 Jul 2014

Sisi's bold start on reforms buys Egypt some time

Egypt's new president Abdel Fattah Al-Sisi has made a head start on tackling the country's economic problems, managing to introduce long-awaited subsidy reform without stirring popular unrest.

Sisi's government, formed in June, announced this month it was raising prices of heavily subsidised energy products by up to 78 percent and slapped new taxes...

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27 Jul 2014

Japan Pledges $5m in Aid to Gaza Strip Amidst Fears Egypt is Blocking Supply Trucks

Japan will give $5.5m (£3.2m) in emergency humanitarian aid to residents of the Gaza Strip, it has been announced.


The number of casualties in the small self-governing enclave is growing each day as the result of fighting between Israel and Hamas militants. The Gaza death toll passed 840 on Friday ‒ the"......

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