FINANCE & ECONOMY

10 Oct 2014

Oral OTEZLA® (apremilast) Data Presented at EADV Show Improved Measures of Health-Related Quality of Life and Work Productivity in Patients with Moderate to Severe Plaque Psoriasis

Apremilast treatment resulted in improved health-related quality of life during 16 weeks of therapy in ESTEEM 2

Apremilast significantly increased work productivity and improved work limitations compared with placebo"...

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10 Oct 2014

New Analyses of Oral OTEZLA® (Apremilast) Presented at EADV Show Efficacy in Difficult-to-Treat Areas of Moderate to Severe Plaque Psoriasis

Apremilast significantly improved preexisting scalp, nail, and palmoplantar psoriasis at week 16 in ESTEEM 2

Improvements in pruritus (itching) seen as early as week 2 in analyses of ESTEEM 1 and 2 and maintained"...

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10 Oct 2014

PMI Opens Pilot Plant and Celebrates Groundbreaking on Construction of New Manufacturing Facility for Potentially Reduced-Risk Products

Philip Morris International Inc. (“PMI”) (NYSE / Euronext Paris: PM) today officially opened its first pilot plant for the production of potentially reduced-risk products (“RRPs”*). The pilot plant, just outside Bologna in Zola Predosa, is now in operation, while"...

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09 Oct 2014

Eid holidays raise occupancy rates in Red Sea and South Sinai hotels: Chairman of Egyptian Hotels Association

Egyptian guests flocked to hotels in the Red Sea and South Sinai during the Eid al-Adha holiday and contributed to a significant increase in occupancy rate, according to Wassim Mohie el-Din, Chairman of the Egyptian Hotels Association (EHA) said.


"...

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09 Oct 2014

Investment Minister: 95% of fertilizer factories’ needs to be provided for by November through gas imports

Investment Minister Ashraf Salman has stated that the government will provide for 95% of fertilizer factories’ needs in November by directing a portion of Egypt’s natural gas imports to the factories while taking power stations’ needs into account so that the black-out"...

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09 Oct 2014

Egypt's President emphasizes on importance of energy supply and constant service


Egypt's president Abdel Fatah ElSisi met on Wednesday with prime minister Ibrahim Mahlab, oil minister Sherif Ismael, electricity minister Mohamed Shaker, and the chairperson of the South Cairo Distribution"...

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09 Oct 2014

Egypt to present “big” projects at March economic meet

Egypt intends to present major projects at an international economic summit to be held in its resort coastal town of Sharm El Sheikh in March, the chairman of the Arab country’s general authority for investment said in press comments on Thursday.

Hassan Fahmy told Egypt’s Arabic language daily Almasry Alyoum that the conference, which will...

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09 Oct 2014

Chief of GAFI: Egypt’s Donors’ Conference postponed to March

Egypt’s Friends Conference, or what is known as the Donors’ Conference, will be postponed to March 2015 according to the Chief of the General Authority for Investment (GAFI) Hassan Fahmy. The delay came to provide the government time to finalize its plans for projects that will be offered in the conference, Fahmy explained. A major economic summit...

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09 Oct 2014

IMF: Only 5% of Egypt's firms use banks to finance investment

The International Monetary Fund (IMF) said that only 5 percent of Egypt's firms use banks to finance investment, by far the lowest share among the world. The IMF’s paper titled “Toward New Horizons— Arab Economic Transformation amid Political Transitions,” published earlier this week, explained that lack of access to finance is a major...

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