FINANCE & ECONOMY

24 Oct 2014

Pershing Square Holdings, Ltd. Releases Regular Weekly Net Asset Value

Regulatory News:

Pershing Square Holdings, Ltd. (ticker: PSH) today released its regular weekly Net Asset Value (NAV) on its website, www.pershingsquareholdings.com."......

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24 Oct 2014

ZTE Q3 Profit Rises 191% as Smartphones and 4G Equipment Sales Surge

ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, posted a 191% increase in third-quarter profit as the company recorded growth in its"...

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23 Oct 2014

Panasonic Displays Smart & Sustainable Technology Solutions at GITEX 2014

GITEX TECHNOLOGY WEEK 2014

Panasonic Marketing Middle East & Africa (PMMAF) - based in UAE - participated at GITEX (Gulf Information Technology Exhibition) 2014, showcasing a spectacular product line-up in-sync"...

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23 Oct 2014

Egyptian pound strengthens on black market


Egypt's pound held steady at a central bank dollar sale on Wednesday, but began to strengthen on the black market after a week of declines.


The bank said it sold $40 million at a cut-off price of 7.1401 pounds per dollar on Wednesday,"......

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23 Oct 2014

Abraj Misr develops EGP 4.5bn project in El-Nozha: Company chairman

Abraj Misr is developing a commercial and housing project in El-Nozha in Heliopolis with investments estimated at EGP 4.5 bn. The project will utilise an intelligent building system that features large green spaces and conserves energy consumption, according to company Chairman Aly Rabie.

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23 Oct 2014

ECESR files appeal against decision forcing taxi drivers to provide bank statements

The Egyptian Center for Social and Economic Rights (ECESR) has filed an appeal on Tuesday to oblige the Ministry of Interior to renew the white taxi licenses without requiring drivers or taxi owners to submit bank statements proving regular payment of instalments for new vehicles, the centre"...

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23 Oct 2014

Egypt’s police to train African security personnel

The Egyptian Police Academy will train 155 middle ranking officers from 14 African countries in security and counter terrorism between 19 October and 13 November, said a foreign ministry statement.


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23 Oct 2014

Egypt lacks medium-sized businesses, as analysts blame regulation

Newly-released census data shows that Egypt is lacking medium-sized businesses, as the majority of enterprises employ less than 10 workers.

Most of Egypt's businesses are small-sized, with 97 percent employing less than 10 workers, according to census data released on Tuesday by state-run statistics body CAPMAS.

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23 Oct 2014

Egypt's Juhayna expects recovery in 2015 after 'difficult year'

Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover in 2015 after an increase in the cost of raw materials squeezed margins this year, its chairman said.

Safwan Thabet said in an interview for the Reuters Middle East Investment"...

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23 Oct 2014

Egypt-Ethiopia meeting delayed to November for further preparations

The talks in Addis Ababa, now planned for 1-3 November, come after a recent tripartite meeting over Ethiopia's Grand Renaissance Dam.

A ministerial Egyptian-Ethiopian commission delayed its first meeting, initially planned for Wednesday, to November to make room for more preparations, in yet another series of talks over the disputed Grand Renaissance...

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