FINANCE & ECONOMY

16 Dec 2018

Egypt to launch digital transformation strategy in January 2019: Nassar

The Minister of Trade and Industry, Amr Nassar, stated that Egypt will launch a digital transformation initiative in the sectors of production and export next month.

Nassar added that the new initiative will focus"...

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16 Dec 2018

Ajinomoto Foods plans for boosting sales in Egypt: MD

Managing Director of Japan’s Ajinomoto Foods Egypt, Hiroaki Uji, said that his company aims at increasing its annual sales in Egypt benefiting from the Egyptian market’s current stability, adding that his company’s annual sales is still modest of less than $1m.

...

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16 Dec 2018

Henley & Partners Enlarges Executive Committee to Manage Expansion and Growth

(AETOS Wire) -- Residence- and citizenship-by-investment programs have firmly established themselves over the past few years as the new frontier in terms of freedom, flexibility, and future-readiness, both for the countries issuing these programs and for the individual investors participating in them. The societal and economic value these programs generate is undisputed. The investment migration industry as a whole is currently grossing roughly USD 18 billion per year, with an expectation that it will hit the USD 20 billion mark very soon. Foreign direct investment (FDI) is now considered the lifeblood of economic growth for many developing......

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16 Dec 2018

SHUAA Capital’s Transformational Acquisition of Kuwait’s Amwal International Investment Company to Drive Expansion Roadmap

SHUAA Capital, the UAE’s premier financial services Group, is pleased to announce the commencement of its post-acquisition integration and consolidation efforts with Kuwait based Amwal International Investment Company (“Amwal”), following the recent completion of the public"...

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15 Dec 2018

Diamond CBD, POTN Subsidiary, Enters the $46 Billion Coffee Market With the Release of Premium Line of CBD-Infused Coffee & Tea K-Kup Capsules

(AETOS Wire)-- Diamond CBD Inc., wholly owned subsidiary of PotNetwork Holdings, Inc. (OTC Pink: POTN), a leader in hemp extraction and innovative CBD products for the wellness market, enters the Coffee segment, an"...

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15 Dec 2018

AURAK Gains SACSCOC Accreditation

The Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) officially announced the accreditation of the American University of Ras Al Khaimah (AURAK) at its 2018 Annual Meeting which was held in New Orleans, Louisiana, in the United States of America.

SACSCOC,"...

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14 Dec 2018

Western Union Works with TerraPay to Expand Payout Options to Millions of Mobile Wallets

(AETOS Wire)-- Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement, announces an alliance with TerraPay to enable mobile wallet and bank account payout. The alliance further expands upon Western Union’s account payout network for sending remittances directly into customers’ mobile wallets across Europe, Africa, Asia and Latin America. TerraPay’s low value payments network connects financial instruments internationally. The company’s interoperability engine enables customers to send and receive transactions across diverse payment instruments and platforms – enabling mobile wallets in......

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14 Dec 2018

Thales and Gemalto Are Granted Regulatory Clearance by the Commerce Commission in New Zealand

(AETOS Wire)-- Regulatory News: Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 27 March 2018 in relation to the launch of the recommended all-cash offer by Thales for all the issued and outstanding shares of Gemalto (the “Offer”), the publication of the Offer Document, and the joint press release of Thales and Gemalto dated 10 August 2018 in relation to the further extension of the Acceptance Period. Terms not defined in this press release will......

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13 Dec 2018

Egypt's GASC receives offers in wheat tender

Cairo: The lowest offer for wheat presented at Egyptian state grain buyer GASC’s international purchase tender on Wednesday was $241.26 a tonne for 60,000 tonnes of Romanian wheat for shipment on Feb. 1-10 free on board (FOB), traders said.

The"...

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13 Dec 2018

Egypt to reach normal rates of deficit, public debt: Minister

CAIRO – 12 December 2018: Minister of Finance Mohamed Ma’it said that Egypt aims to reduce the total deficit to less than 5 percent of the gross domestic product (GDP) and to lower the public debt to less than 70 percent of GDP.

“These are the normal rates,”"...

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