FINANCE & ECONOMY

09 Aug 2017

Egypt's Naeem Holding to merge Reacap business with Wadi Degla- CEO

Naeem Holding for Investments SAE will merge its Reacap Financial Investments SAE with real estate group Wadi Degla Developments, creating a company with a book value of 3.5 billion Egyptian pounds ($197.18 million), Naeem Holding CEO Youssef Al Far said on Tuesday.

Under"...

Continue Reading

09 Aug 2017

Foreign oil firms' Egypt investments $8.1 bln in 2016-2017 -minister

Investment by foreign oil firms in Egypt rose to $8.1 billion in 2016-2017 from $6.6 billion a year earlier, Petroleum Minister Tarek El-Molla told Reuters on Wednesday. 'The foreign partners spent $8.1 billion in exploration and development operations in Egypt during 2016-2017, compared to $6.6 billion in 2015-2016,' El-Molla said in a phone call. The oil ministry said in June that Egypt had reduced arrears owed to foreign oil companies to $2.3 billion. Egypt's fiscal year runs from July to June. Cairo has pledged to eliminate......

Continue Reading

09 Aug 2017

Andersen Global Expands Presence in Brazil With Branco Consultores 

(ME NewsWire)-- Andersen Global announces a presence in Rio de Janeiro, Brazil by way of a Collaboration Agreement with Branco Consultores, a tax and legal firm. The addition of Branco Consultores demonstrates Andersen’s growing presence"...

Continue Reading

08 Aug 2017

GA Telesis Announces Launch of $500 Million GAIN 2 Fund

GA Telesis, LLC (“GA Telesis”) and Wafra Capital Partners Inc. (“WCP Inc.”) jointly announced today that GA Telesis has raised a new $500 million investment vehicle from institutional and private clients advised by WCP Inc. to establish a second aviation investment vehicle focused on aircraft and engine investment opportunities. This capital raise constitutes the second round of funding from WCP Inc. The vehicle will be named GA Telesis Aviation Investments 2 LLC (“GAIN 2”) and will be managed by GA Telesis Capital Management, LLC, a wholly owned subsidiary of GA Telesis. Together with this capital raise,......

Continue Reading

08 Aug 2017

Yamaha Motor Achieves Record First-half Earnings

Yamaha Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that in the first half of its fiscal year ending December 31, 2017, consolidated net sales of 828.1 billion yen were up 6.4% from the previous year. The company achieved all-time highs in operating income of 82.2 billion yen (up 25.7%), ordinary income of 83.5 billion yen (up 51.1%), and net income for the period attributable to parent company shareholders of 60.8 billion yen (up 87.5%). In emerging markets, motorcycle sales rose and operating income was significantly higher thanks to sales of higher priced products and cost reductions due to the advancement of platform-based......

Continue Reading

08 Aug 2017

IMF names Subir Lall as new mission chief for Egypt

The International Monetary Fund has named Subir Lall as the new mission chief for Egypt, succeeding Chris Jarvis, whose three-year term ended Sunday.

Lall has previously worked as the IMF’s mission chief"...

Continue Reading

08 Aug 2017

Best-Performing Arab Economy Balks at Float on Egypt Devaluation

In five decades of importing steel wires, Zahar Benmoussa’s company never worried about currency risks -- until Morocco announced plans to float the dirham.

“For the first time in our history, we started"...

Continue Reading

08 Aug 2017

Egypt bans prominent rights information website

For the first time, Egyptian authorities have blocked the Arabic Network for Human Rights Information (ANHRI) website, joining a series of blockades that have been carried out against dozens of websites over the last three months.

The"...

Continue Reading

08 Aug 2017

Britannia eyes Egypt, Myanmar

Food major aims to increase international sales; plans ₹55 cr. investment in Nepal

Food company Britannia Industries Ltd. is keen to increase its international footprint and is exploring options on setting up"...

Continue Reading

08 Aug 2017

EBRD, Egypt to sign $60mln private sector funding deal next week

Egypt and the European Bank for Reconstruction and Development (EBRD) will sign a $60 million agreement next week to finance private projects, Investment Minister Sahar Nasr said Sunday. The money is part of the EBRD’s $ 500 million framework to finance private renewable energy projects in the country. The $500 million financing, approved by the EBRD’s Board of Directors on 7 June 2017, supports the development of private renewable energy projects under the Egyptian government's feed-in-tariff programme. That programme......

Continue Reading
Found articles: - Pages  
Contact US | Powered by CNPHUB.com - All Rights Reserved